Civic Intelligence

Forward Progression Development Inc

EIN 83-2071545 • 501(c)3 • Biloxi, MS

Profile

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.

770 Water Street STE 407Biloxi, MS 39530

www.fpdinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$115,200

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

97%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

130%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$325,000

Up $160,000 (+97%) from 2020

Liabilities

Down

$0

Down $82,500 (-100%) from 2020

Net Assets

Up

$325,000

Up $242,500 (+294%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin67th percentile

Revenue

Up

$425,500

Up $240,900 (+130%) from 2020

Expenses

Up

$369,600

Up $225,901 (+157%) from 2020

Net Income

Up

$55,900

Up $14,999 (+37%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2019: $69,840Liabilities 2019: $0Net Assets 2019: $69,8402019Assets 2020: $165,000Liabilities 2020: $82,500Net Assets 2020: $82,5002020Assets 2021: $325,000Liabilities 2021: $0Net Assets 2021: $325,0002021

Highlighted filing

2021

Assets$325,000
Liabilities$0
Net Assets$325,000
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2019: $318,000Expenses 2019: $238,160Net Income 2019: $79,8402019Revenue 2020: $184,600Expenses 2020: $143,699Net Income 2020: $40,9012020Revenue 2021: $425,500Expenses 2021: $369,600Net Income 2021: $55,9002021

Highlighted filing

2021

Revenue$425,500
Expenses$369,600
Net Income$55,900
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$325,000
Liabilities
$0
Net assets
$325,000
Revenue
$425,500
Expenses
$369,600
Net income
$55,900
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$4.26$3.70$0.56
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.83$0.83$1.85$1.44$0.41
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$3.18$2.38$0.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 29, 2022
Return Version
2021v4.0
Gross Receipts
$425,500
Mission and Program Overview

Mission

To assist the growth of self-sufficiency and in economic business entrepreneurship focusing on minority, veteran, and women growth. Provide training, coaching, support and funding growth resources 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$82,500$320,000▲ $237,500
Cap Stk Tr Prin Current Funds$0$183,600▲ $183,600
Rtn Earn Endowment Incm Other Fnds$82,500$138,400▲ $55,900
Other Notes and Loans Receivable, Net$82,500$0▼ $82,500
Pledges and Grants Receivable-$5,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$3,000▲ $3,000
Total Assets$165,000$325,000▲ $160,000
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$82,500$0▼ $82,500
Total Liabilities$82,500$0▼ $82,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,500$325,000▲ $242,500
Total Liabilities and Net Assets / Fund Balance$165,000$325,000▲ $160,000
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catrina ThompsonDirector-PresidentFT$115,200-$115,200
Shonna ThomasSecretaryPT$59,500$20,000$79,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$425,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$55,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$335,900
Other Expenses$28,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$220,700--$220,700
Current Officers, Directors, Trustees, and Key Employees-$115,200-$115,200
Information Technology$6,000$2,000-$8,000
Office Expenses$8,000--$8,000
Benefits to Members$5,000--$5,000
Insurance$4,200--$4,200
Advertising$2,500--$2,500
Conferences and Meetings-$2,500-$2,500
Fees for Services Accounting$2,500--$2,500
Occupancy$1,000--$1,000
Total Functional Expenses$249,900$119,700$0$369,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Reviewed virtually during the pandemic, and regular meetings that include document retention.”

Form 990, Part VI, Section B, Line 11B

“Usually completed by meeting, email, and or virtually.”

Form 990, Part VI, Section B, Line 12C

“Through review and internal organization meetings to include conflict and policy update awareness meets.”

Form 990, Part VI, Section C, Line 19

“By requests and via GuideStar where applicable”

Filing and Contact Details

Filer

Filer Name
Forward Progression Development Inc
EIN
83-2071545
Phone
8885041173
Address
770 Water Street STE 407, Biloxi, MS 39530

Signing Officer

Name
Catrina Thompson
Title
Director President
Phone
8885041173
Signed
2022-11-29

Organization Details

Principal Officer
Catrina Thompson
Formed
2018
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
0
Employees
7
Volunteers
20
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReasonableCauseExplanation/ExplanationTxt0Organization has been effected heavily by the pandemic as well and has preventative measure as employee retention may have caused undue hardship (provided the organization would have to amend due to the multiple changes in such regulation/rules).
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