Forward Progression Development Inc
- Assets
- $325.0k
- Revenue
- $425.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Biloxi, MS
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2071545
Organization Overview
Forward Progression Development Inc is located in Biloxi, MS. The organization was established in 2019. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Forward Progression Development Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Progression Development Inc 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 12/2021, Forward Progression Development Inc generated $425.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $369.6k during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE GROWTH OF SELF-SUFFICIENCY AND IN ECONOMIC BUSINESS ENTREPRENEURSHIP FOCUSING ON MINORITY, VETERAN, AND WOMEN GROWTH. PROVIDE TRAINING, COACHING, SUPPORT AND GROWTH GROUPS VIA - DIGITAL MARKETING, ONLINE TRAINING MODULES, EVENTS, SEMINARS AND OTHER VIABLE AVENUES. EXTENDING THE KNOWLEDGE AND HEALTHY USE OF AI IN SMALL BUSINESSES IN UNDERSERVED AND REPRESENTED CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXTENDED TECHNOLOGY PROGRAM SERVICES TO FURTHER DEVELOP CORE PROGRAM KNOWLEDGE LEVELS TO PARTICIPANTS. DEVELOPED CORE OF PROGRAM DEPLOYMENT AND ELECTRONIC/DIGITAL COURSE STRUCTURING, IMPLEMENTED TEAM STRATEGY AND CRM SOLUTIONS TO MANAGED CLIENTS AND CONSTITUENTS AS WELL AS DEVELOPED AND TRAINED STAFF IN PROGRAM DEPLOYMENT. DEPLOYED PROGRAMS AND ROSE AWARENESS TO FURTHER REACH THE DESIRED COMMUNITY CONCERNS. LAUNCH AND DEVELOPMENT OF ADDITIONAL SUB PROGRAMS TO SUPPORT EFFORTS. IN ADDITION REORGANIZED PROGRAM OPERATIONS TO ACCOMMODATE FUNCTIONING DURING THE COVID 19 PANDEMIC WHICH HEAVILY IMPACTED OPERATIONS AT ALL LEVELS INTERNAL AND EXTERNAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catrina Thompson Director-President | Officer | 60 | $115,200 |
Shonna Thomas Secretary | Officer | 30 | $59,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $425,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,000 |
| Compensation of current officers, directors, key employees. | $115,200 |
| Compensation of current officers, directors, key employees. | $115,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,500 |
| Office expenses | $8,000 |
| Information technology | $8,000 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,200 |
| All other expenses | $0 |
| Total functional expenses | $369,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $320,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $183,600 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,000 |
| Retained earnings, endowment, accumulated income, or other funds | $138,400 |
| Total liabilities and net assets/fund balances | $325,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forward Progression Development Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovation Depot Inc Birmingham, AL | $15,832,125 | $3,165,143 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
Mississippi Life And Health Insurance Guaranty Association Jackson, MS | $33,007,367 | $1,692,715 |
The Southern Development Council Inc Mountain Brook, AL | $5,076,770 | $1,106,394 |
The Catalyst Center For Business & Entrepreneurship Huntsville, AL | $634,732 | $1,362,873 |
Entrepreneur Development Center Southwest Tennessee Inc Jackson, TN | $909,692 | $610,826 |
Louisiana Minority Business Council Inc New Orleans, LA | $480,017 | $745,389 |
Tristate Minority Supplier Development Council Inc Nashville, TN | $1,436,779 | $762,988 |
Sync Space Entrepreneur Center Kingsport, TN | $108,804 | $347,750 |
Forward Progression Development Inc Biloxi, MS | $325,000 | $425,500 |
North Mississippi Enterprise Inc Oxford, MS | $264,914 | $373,569 |
Birmingham Business Resource Center Inc Birmingham, AL | $2,142,207 | $111,250 |