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Nonprofiteer
← BLUEFORGE HOLDINGS INC

Form 990 for tax year 2024

Filed by BLUEFORGE HOLDINGS INC.

Totals

Total revenue
$995,157
Total expenses
$995,157
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$987,654
Investment income
$7,503
Other revenue
$0
Total assets, end of year
$17,593,766
Total liabilities, end of year
$893,468
Net assets or fund balances, end of year
$16,700,298
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RELATED PARTY RENTAL

    total $987,654 · related or exempt $987,654

  • 3 · Investment income

    total $7,503 · excluded $7,503

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $60,444

  • 13 · Office expenses

    total $14,614

  • 16 · Occupancy

    total $493,263

  • 22 · Depreciation, depletion and amortization

    total $366,091

  • 23 · Insurance

    total $60,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,039 · end of year $7,558

  • 2 · Savings and temporary cash investments

    beginning of year $257,319 · end of year $697,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,639 · end of year $16,920

  • 10a · Land, buildings and equipment: cost or other basis

    $17,549,077

  • 10b · Land, buildings and equipment: accumulated depreciation

    $677,206

  • 10c · Land, buildings and equipment, net

    beginning of year $16,362,965 · end of year $16,871,871

  • 15 · Other assets

    beginning of year $67,570 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,234 · end of year $53,359

  • 25 · Other liabilities

    beginning of year $0 · end of year $840,109

  • 27 · Net assets without donor restrictions

    beginning of year $16,700,298 · end of year $16,700,298

Mission and programs · 2024

Mission

BLUEFORGE HOLDINGS INC. (BFH) WAS ESTABLISHED ON OCTOBER 13, 2023, AS A 501(C)(2) ORGANIZATION FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO THE COMPANY'S HEADQUARTERS BUILDING LOCATED IN BRYAN, TX.

Activities or mission (Part I)

BLUEFORGE HOLDINGS INC. ACQUIRES AND HOLDS TITLE TO BLUEFORGE ALLIANCE'S HEADQUARTERS.

  • BLUEFORGE HOLDINGS INC. OWNS REAL ESTATE AND COLLECTS RENT FROM BLUEFORGE ALLIANCE, LOCATED AT 3891 SOUTH TRADITIONS DRIVE, BRYAN, TEXAS 77807.

As filed on the 2024 return.

Listed in Part VII

  • Cletus Glasener

    CHIEF FINANCIAL OFFICER

    Total calculated
    $263,973
    From this org
    $0
    From related orgs
    $244,391
    Other
    $19,582
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,504 related
    Bonus
    $0 + $21,887 related
    Other
    $0
    Deferred
    $0 + $13,576 related
    Nontaxable benefits
    $0 + $6,006 related
    Filer's total
    $0 + $263,973 related

  • Edward Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Kiley Wren

    CO-CEO (THRU 09/2025)

    Total calculated
    $559,733
    From this org
    $0
    From related orgs
    $511,437
    Other
    $48,296
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,125 related
    Bonus
    $0 + $73,312 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $17,796 related
    Filer's total
    $0 + $559,733 related

  • Lewis O'Hern

    SECRETARY

    Total calculated
    $42,788
    From this org
    $0
    From related orgs
    $39,823
    Other
    $2,965
    Hours/week
    0.25 + 10 related

  • Randall Gorham

    CEO/PRESIDENT

    Total calculated
    $559,312
    From this org
    $0
    From related orgs
    $526,105
    Other
    $33,207
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,125 related
    Bonus
    $0 + $73,312 related
    Other
    $0 + $14,668 related
    Deferred
    $0 + $12,000 related
    Nontaxable benefits
    $0 + $21,207 related
    Filer's total
    $0 + $559,312 related

  • Andrew Hinton

    FORMER CFO

    Total calculated
    $273,320
    From this org
    $0
    From related orgs
    $252,087
    Other
    $21,233
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,000 related
    Bonus
    $0 + $37,087 related
    Other
    $0
    Deferred
    $0 + $10,033 related
    Nontaxable benefits
    $0 + $11,200 related
    Filer's total
    $0 + $273,320 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
PROCESS FOR ESTABLISHING CEO COMPENSATION BLUEFORGE ALLIANCE, A RELATED ORGANIZATION, COMPENSATES THE CEOS OF BLUEFORGE HOLDINGS, INC. BLUEFORGE ALLIANCE USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEOS: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD
PART I, LINE 7
NONFIXED PAYMENTS THE SPECIAL INCENTIVE PROGRAM (SIP) IS AN APPROVED PROGRAM BY THE BFA BOARD OF DIRECTORS AND IS BASED ON COMPANY PERFORMANCE GOALS AND CORPORATE OBJECTIVES, WHICH INCLUDE FINANCIAL TARGETS. PRIOR TO THE DISTRIBUTION OF BONUS COMPENSATION, ANNUALLY, THE SIP AMOUNTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. SIP COMPENSATION IS SUPPORTED BY A PRIOR AGREEMENT AND ESTABLISHED POLICY WHERE BONUS AWARDS ARE INCLUDED IN THE OPERATING BUDGET BEFORE WORK IS PERFORMED IN ALIGNMENT WITH FAR 31.205-6(F).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLUEFORGE DEVELOPMENT CAPITAL LP

    INVESTMENTS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BFDC INVESTOR BLOCKER CORP

    C · INVESTMENTS · DE

  • BFDC GP BLOCKER CORP

    C · INVESTMENTS · DE

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202612269349302531

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