Forward Jefferson Corporation

Organization Overview

Forward Jefferson Corporation is located in Avondale, LA. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Jefferson Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Forward Jefferson Corporation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3

FORWARD JEFFERSON CORPORATION AND THE RELATED GOVERNMENTAL ENTITY, JEFFERSON PARISH ECONOMIC DEVELOPMENT AND PORT DISTRICT, ACQUIRED AND CONSTRUCTED A TECHNOLOGY AND BUSINESS PARK IN AVONDALE, LOUISIANA. THE PROJECT WAS A NEW MARKETS TAX CREDIT TRANSACTION, FORWARD JEFFERSON CORPORATION ACTED AS A LEVERAGED LENDER TO THE INVESTMENT FUND PROVIDING EQUITY TO THE PROJECT. FORWARD JEFFERSON CORPORATION OWNED THE BUILDING UNTIL THE END OF FEBRUARY 2016 WHEN PAYOUT OF LOAN OCCURRED. THE BUILDING WAS THEN TRANSFERRED TO JEDCO. JEDCO CONTINUES TO ASSIST WITH ECONOMIC DEVELOPMENT OF BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Katz
Secretary
$0
Lesha Freeland
Board Member
$0
Teresa Lawrence
Vice Chair
$0
Stephen Robinson
Board Member
$0
Mickal Adler
Chairman
$0
Lloyd Clark
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$15,500
Total Program Service Revenue$0
Membership dues$0
Investment income $261
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$15,761

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