In 2017, Jefferson Franklin Community Action Corporation (JFCAC) began an endeavor to increase self-sufficiency through diversification of funding. It was identified that this could be done by focusing on increasing unrestricted agency dollars. Three areas were identified for the agency to focus on that would drive the agency toward achieving this goal. These three are as follows: Fundraising, Social Enterprises, and Medicaid Fee for Service Billing Opportunities.
With the assistance of JFCAC's devoted Board, much progress has been made over the last two years toward building strength in the above three areas. The most recent accomplishment being the establishment of the Partners Realizing Opportunity (PRO) - the agency’s own for profit C-Corporation.
The intent of PRO is to partner, when possible, with other entities in the community to develop needed social enterprises that can be profitable for the agency, and can also serve as training grounds for those in our communities who are in need. As JFCAC is the sole shareholder of PRO all proceeds not needed for the ongoing support of the social enterprises, through an official PRO Board approval process, will be allocated back to JFCAC to support additional programming and/or to assist existing programs when funding dollars are threatened.
PRO’s Board which is comprised of four JFCAC Board Members and three individuals hand selected from the community was established in May 2019. The Board had its first official meeting in May and subsequently has been meeting at least quarterly since then. The focus has been and will continue to be identifying great partners and needed business opportunities in our communities.
JFCAC is extremely excited about the establishment of PRO and is looking forward to its first LLC opening in 2020. For more information please feel free to contact Jill Quaid, JFCAC/PRO, CEO @ jquaid@partnersrealizingopportunity.com
Please also visit our website: www.partnersrealizingopportunity.com.
With the assistance of JFCAC's devoted Board, much progress has been made over the last two years toward building strength in the above three areas. The most recent accomplishment being the establishment of the Partners Realizing Opportunity (PRO) - the agency’s own for profit C-Corporation.
The intent of PRO is to partner, when possible, with other entities in the community to develop needed social enterprises that can be profitable for the agency, and can also serve as training grounds for those in our communities who are in need. As JFCAC is the sole shareholder of PRO all proceeds not needed for the ongoing support of the social enterprises, through an official PRO Board approval process, will be allocated back to JFCAC to support additional programming and/or to assist existing programs when funding dollars are threatened.
PRO’s Board which is comprised of four JFCAC Board Members and three individuals hand selected from the community was established in May 2019. The Board had its first official meeting in May and subsequently has been meeting at least quarterly since then. The focus has been and will continue to be identifying great partners and needed business opportunities in our communities.
JFCAC is extremely excited about the establishment of PRO and is looking forward to its first LLC opening in 2020. For more information please feel free to contact Jill Quaid, JFCAC/PRO, CEO @ jquaid@partnersrealizingopportunity.com
Please also visit our website: www.partnersrealizingopportunity.com.
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