Civic Intelligence

Progress Trust Inc.

990 • Fiscal year 2014 • EIN 23-3017662

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

Organization ProfileN/A
1501 N Broad Street19122

(215) 232-7070

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

7.25x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

20th percentile

-5.3%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$42,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

39th percentile

0.8%

Faster asset growth than 39% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$10,024,191

Up $83,280 (+0.8%) from 2013

Net Assets

Down

$1,265,248

Down $64,011 (-4.8%) from 2013

Liabilities

Up

$8,758,943

Up $147,291 (+1.7%) from 2013

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin20th percentile

Revenue

$1,208,208

No earlier filing loaded for comparison.

Expenses

Up

$1,272,219

Up $173,686 (+16%) from 2013

Net Income

-$64,011

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $11,908,166Liabilities 2011: $8,395,389Net Assets 2011: $3,512,7772011Assets 2012: $10,182,754Liabilities 2012: $8,580,535Net Assets 2012: $1,602,2192012Assets 2013: $9,940,911Liabilities 2013: $8,611,652Net Assets 2013: $1,329,2592013Assets 2014: $10,024,191Liabilities 2014: $8,758,943Net Assets 2014: $1,265,2482014Assets 2015: $11,185,628Liabilities 2015: $9,167,406Net Assets 2015: $2,018,2222015Assets 2016: $10,808,910Liabilities 2016: $8,999,000Net Assets 2016: $1,809,9102016Assets 2017: $10,731,272Liabilities 2017: $8,800,692Net Assets 2017: $1,930,5802017Assets 2018: $9,965,972Liabilities 2018: $8,682,466Net Assets 2018: $1,283,5062018Assets 2019: $9,814,603Liabilities 2019: $8,538,239Net Assets 2019: $1,276,3642019Assets 2020: $9,631,781Liabilities 2020: $8,150,508Net Assets 2020: $1,481,2732020Assets 2021: $9,386,361Liabilities 2021: $8,147,847Net Assets 2021: $1,238,5142021Assets 2022: $9,144,018Liabilities 2022: $7,113,164Net Assets 2022: $2,030,8542022Assets 2023: $8,790,247Liabilities 2023: $7,443,134Net Assets 2023: $1,347,1132023Assets 2024: $8,504,906Liabilities 2024: $7,482,652Net Assets 2024: $1,022,2542024Assets 2025: $8,486,299Liabilities 2025: $7,168,144Net Assets 2025: $1,318,1552025

Highlighted filing

2014

Assets$10,024,191
Liabilities$8,758,943
Net Assets$1,265,248
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $696,906Expenses 2011: $824,516Net Income 2011: -$127,6102011Expenses 2012: $1,097,2812012Expenses 2013: $1,098,5332013Revenue 2014: $1,208,208Expenses 2014: $1,272,219Net Income 2014: -$64,0112014Revenue 2015: $898,369Expenses 2015: $1,130,066Net Income 2015: -$231,6972015Revenue 2016: $754,308Expenses 2016: $984,736Net Income 2016: -$230,4282016Revenue 2017: $968,462Expenses 2017: $882,786Net Income 2017: $85,6762017Revenue 2018: $435,107Expenses 2018: $624,562Net Income 2018: -$189,4552018Revenue 2019: $991,122Expenses 2019: $1,034,073Net Income 2019: -$42,9512019Revenue 2020: $948,379Expenses 2020: $741,485Net Income 2020: $206,8942020Revenue 2021: $948,909Expenses 2021: $1,023,066Net Income 2021: -$74,1572021Revenue 2022: $961,086Expenses 2022: $935,912Net Income 2022: $25,1742022Revenue 2023: $1,205,829Expenses 2023: $1,046,134Net Income 2023: $159,6952023Revenue 2024: $766,630Expenses 2024: $882,319Net Income 2024: -$115,6892024Revenue 2025: $1,001,338Expenses 2025: $1,026,129Net Income 2025: -$24,7912025

Highlighted filing

2014

Revenue$1,208,208
Expenses$1,272,219
Net Income-$64,011
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v4.0
Gross Receipts
$1,797,058
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,785,420$9,505,577▼ $279,843
Cash and Non-Interest-Bearing Accounts$21,746$340,906▲ $319,160
Accounts Receivable$133,745$145,408▲ $11,663
Prepaid Expenses and Deferred Charges-$32,300-
Total Assets$9,940,911$10,024,191▲ $83,280
Liabilities
Other Liabilities$8,242,950$8,734,924▲ $491,974
Accounts Payable and Accrued Expenses$368,702$24,019▼ $344,683
Total Liabilities$8,611,652$8,758,943▲ $147,291
Net Assets / Fund Balance
Unrestricted Net Assets$1,329,259$1,265,248▼ $64,011
Total Net Assets Fund Balance$1,329,259$1,265,248▼ $64,011
Total Liabilities and Net Assets / Fund Balance$9,940,911$10,024,191▲ $83,280

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,897,551-$10,897,551
Equipment$9,307-$9,307
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Wendell R WhitlockChairmanPT$42,000$42,000
Anita ChappellExecutive AdministratorPT$20,990$20,990
Lawrence SpruelTreasurerPT$9,300$9,300

Board Members and Trustees

NameTitle
Thomas AndersonBd Member
Phyllis J EgglestonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,011
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,205,197
Change in Net Assets
$-64,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,191,219
Salaries, Compensation, and Employee Benefits$81,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$549,417$0$0$549,417
Depreciation Depletion$0$279,843$0$279,843
All Other Expenses$133,013$39,381$0$172,394
Fees for Services Legal$0$102,964$0$102,964
Current Officers, Directors, Trustees, and Key Employees$0$81,000$0$81,000
Office Expenses$0$24,991$0$24,991
Fees for Services Other$5,585$18,807$0$24,392
Fees for Services Accounting$0$16,366$0$16,366
Occupancy$0$3,017$0$3,017
Other Expenses$0$2,983$0$2,983
Conferences and Meetings$0$2,000$0$2,000
Insurance$0$1,713$0$1,713
Advertising$479$0$0$479
Travel$0$15$0$15
Total Functional Expenses$692,922$579,297$0$1,272,219
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$8,678,793
Security deposits$42,600
Deferred Revenue$9,513
Loan from PIA$4,074
Real Estate Tax Liability$90
Business Use & Occupancy Tax$-146
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
23-3017662
Phone
2152327070

Signing Officer

Name
Wendell Whitlock
Title
Chariman
Phone
2152327070
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Spruel
Formed
1999
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Kerri M Conner CPA
Phone
2157828833
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

“Upon request.”

Pt VI, Line 11B

“The form is given to the board for signature and approval.”

Pt XI

“Prior year adjustment made by accountant”

Form 990, Part IX, Line 24F

“Contract labor 34013. 0. 34013. 0. Security 4818. 0. 4818. 0. Contingency/reimbursements 7911. 7911. 0. 0. Refinancing costs 125102. 125102. 0. 0. Miscellaneous 550. 0. 550. 0.”

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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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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010897551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08678793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt49513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Notes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Business Use & Occupancy Tax
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Loan from PIA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Revenue
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Real Estate Tax Liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010906858
IRS990ScheduleD/TotalLiabilityAmt08734924
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form is given to the board for signature and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prior year adjustment made by accountant
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR 34013. 0. 34013. 0. SECURITY 4818. 0. 4818. 0. CONTINGENCY/REIMBURSEMENTS 7911. 7911. 0. 0. REFINANCING COSTS 125102. 125102. 0. 0. MISCELLANEOUS 550. 0. 550. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10no
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Progress Investments
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0231662811
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101501 N Broad Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode019122
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual cash transaction
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10Progress Investment Associates
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11Progress Investment Associates
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine12Progress Investments Associates
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine13Progress Investments Associates
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0k
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2n
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3d
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09940911
IRS990/TotalAssetsEOYAmt010024191
IRS990/TotalAssetsGrp/BOYAmt09940911
IRS990/TotalAssetsGrp/EOYAmt010024191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03011
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0579297
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0692922
IRS990/TotalFunctionalExpensesGrp/TotalAmt01272219
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08611652
IRS990/TotalLiabilitiesEOYAmt08758943
IRS990/TotalLiabilitiesGrp/BOYAmt08611652
IRS990/TotalLiabilitiesGrp/EOYAmt08758943
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01329259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01265248
IRS990/TotalProgramServiceExpensesAmt0692922
IRS990/TotalReportableCompFromOrgAmt072290
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01205197
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01208208
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09940911
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010024191
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt015
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt015
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01329259
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01265248
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10709 Bullock Avenue
IRS990/USAddress/City0Yeadon
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019038
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDELL WHITLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHARIMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02152327070
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10PROGRESS TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0PROG
ReturnHeader/Filer/EIN0233017662
ReturnHeader/Filer/PhoneNum02152327070

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,024,191
Liabilities
$8,758,943
Net assets
$1,265,248
Revenue
$1,208,208
Expenses
$1,272,219
Net income
-$64,011
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.49$7.17$1.32$1.00$1.03$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$7.48$1.02$0.77$0.88$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.79$7.44$1.35$1.21$1.05$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.14$7.11$2.03$0.96$0.94$0.03
2021Detailed filing. Detailed filing data is available for this year.$9.39$8.15$1.24$0.95$1.02$0.07
2020Detailed filing. Detailed filing data is available for this year.$9.63$8.15$1.48$0.95$0.74$0.21
2019Detailed filing. Detailed filing data is available for this year.$9.81$8.54$1.28$0.99$1.03$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.97$8.68$1.28$0.44$0.62$0.19
2017Detailed filing. Detailed filing data is available for this year.$10.7$8.80$1.93$0.97$0.88$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$9.00$1.81$0.75$0.98$0.23
2015Detailed filing. Detailed filing data is available for this year.$11.2$9.17$2.02$0.90$1.13$0.23
2014Detailed filing. Detailed filing data is available for this year.$10.0$8.76$1.27$1.21$1.27$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$8.61$1.33$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$8.58$1.60$1.10
2011Summary only. Only limited summary data is available for this year.$11.9$8.40$3.51$0.70$0.82$0.13