Civic Intelligence

Progeny Foundation Inc.

990EZ • Fiscal year 2016 • EIN 26-2837637

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 31, 2017

2206 Beach AvenueIndianapolis, IN 46240

(317) 259-4958

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

97th percentile

80%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

53rd percentile

3.1%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-64%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$198,587

Up $6,039 (+3.1%) from 2015

Net Assets

Up

$198,579

Up $6,031 (+3.1%) from 2015

Liabilities

$8

No earlier filing loaded for comparison.

Revenue

Down

$61,996

Down $111,267 (-64%) from 2015

Expenses

Up

$12,544

Up $6,552 (+109%) from 2015

Net Income

Down

$49,452

Down $117,819 (-70%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $25,278Net Assets 2014: $25,2782014Assets 2015: $192,548Net Assets 2015: $192,5482015Assets 2016: $198,587Liabilities 2016: $8Net Assets 2016: $198,5792016Assets 2017: $197,448Liabilities 2017: $1,359Net Assets 2017: $196,0892017Assets 2018: $200,935Net Assets 2018: $200,9352018Assets 2019: $243,410Net Assets 2019: $243,4102019Assets 2020: $319,950Net Assets 2020: $319,9502020Assets 2021: $8,787,182Liabilities 2021: $0Net Assets 2021: $8,787,1822021Assets 2022: $9,380,288Liabilities 2022: $115,924Net Assets 2022: $9,264,3642022Assets 2023: $8,959,947Liabilities 2023: $0Net Assets 2023: $8,959,9472023Assets 2024: $9,161,901Liabilities 2024: $6,093Net Assets 2024: $9,155,8082024

Highlighted filing

2016

Assets$198,587
Liabilities$8
Net Assets$198,579

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $54,322Expenses 2014: $44,204Net Income 2014: $10,1182014Revenue 2015: $173,263Expenses 2015: $5,992Net Income 2015: $167,2712015Revenue 2016: $61,996Expenses 2016: $12,544Net Income 2016: $49,4522016Revenue 2017: $19,809Expenses 2017: $22,299Net Income 2017: -$2,4902017Revenue 2018: $47,794Expenses 2018: $42,949Net Income 2018: $4,8452018Revenue 2019: $61,834Expenses 2019: $19,359Net Income 2019: $42,4752019Revenue 2020: $103,257Expenses 2020: $26,716Net Income 2020: $76,5412020Revenue 2021: $8,498,511Expenses 2021: $31,279Net Income 2021: $8,467,2322021Revenue 2022: $703,452Expenses 2022: $399,494Net Income 2022: $303,9582022Revenue 2023: $100,405Expenses 2023: $348,015Net Income 2023: -$247,6102023Revenue 2024: $431,155Expenses 2024: $431,659Net Income 2024: -$5042024

Highlighted filing

2016

Revenue$61,996
Expenses$12,544
Net Income$49,452
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 31, 2017
Return Version
2016v3.0
Gross Receipts
$80,792
Mission and Program Overview

Mission

To provide high quality educational and development opportunities to middle school and high shool students through mentoring, physical and nutrition training, and sports.

Program Services

DescriptionGrantsExpenses
SUCCESSFULLY FUNDED YOUTH BASKETBALL TEAMS AND PROVIDED ATHLETIC SKILL TRAINING AND COLLEGE MENTORING AND SCOUTING OPPORTUNITIES WHILE SHOWING THE IMPORTANCE OF TEAMWORK AND LEADERSHIP. APPROXIMATELY TEN STUDENTS BENEFITED FROM THE PROGRAMS.-$11,617
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID DERAMVice Chair,-$0--
BROOKE DERAMSecretary-$0--
VICKI PERRYChairperson-$0--
JASON ZOCHTreasurer-$0--
JAY HENDERSONBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$37,410$37,410$2,794$34,616
Total Events$37,410$37,410$18,796$18,614
Filing and Contact Details

Filer

Filer Name
Progeny Foundation Inc
EIN
26-2837637
Phone
3172594958
Address
2206 BEACH AVENUE, INDIANAPOLIS, IN 46240

Signing Officer

Name
David Deram
Title
Vice Chair, Pres
Phone
3172594958
Signed
2017-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Haffley Taylor & Company LLC
Address
8900 KEYSTONE CROSSING STE 660, INDIANAPOLIS, IN 46240-2131
Preparer
Andrew a Taylor CPA
Phone
3178144767
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses promotion 110 web site 99 email 20 postage & delivery 15 printing 114 insurance 900 player uniforms 4,273 tournament fees 6,011 miscellaneous 75 total 11,617

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 8

Form 990-ez, Part III

To provide high quality educational and development opportunities to middle school and high shool students through mentoring, physical and nutrition training, and sports.

Form 990-ez, Part III, Line 28

Successfully funded youth basketball teams and provided athletic skill training and college mentoring and scouting opportunities while showing the importance of teamwork and leadership. Approximately ten students benefited from the programs.

Raw XML Appendix171 raw XML fields

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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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROMOTION 110 WEB SITE 99 EMAIL 20 POSTAGE & DELIVERY 15 PRINTING 114 INSURANCE 900 PLAYER UNIFORMS 4,273 TOURNAMENT FEES 6,011 MISCELLANEOUS 75 TOTAL 11,617
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 8
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE HIGH QUALITY EDUCATIONAL AND DEVELOPMENT OPPORTUNITIES TO MIDDLE SCHOOL AND HIGH SHOOL STUDENTS THROUGH MENTORING, PHYSICAL AND NUTRITION TRAINING, AND SPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUCCESSFULLY FUNDED YOUTH BASKETBALL TEAMS AND PROVIDED ATHLETIC SKILL TRAINING AND COLLEGE MENTORING AND SCOUTING OPPORTUNITIES WHILE SHOWING THE IMPORTANCE OF TEAMWORK AND LEADERSHIP. APPROXIMATELY TEN STUDENTS BENEFITED FROM THE PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID DERAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR, PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum03172594958
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROGENY FOUNDATION INC
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ReturnHeader/Filer/EIN0262837637
ReturnHeader/Filer/PhoneNum03172594958
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753099130
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAFFLEY TAYLOR & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08900 KEYSTONE CROSSING STE 660
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462402131
ReturnHeader/PreparerPersonGrp/PhoneNum03178144767
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW A TAYLOR CPA
ReturnHeader/ReturnTs02017-11-13T08:09:15-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings