Civic Intelligence

Progeny Foundation Inc.

990EZ • Fiscal year 2019 • EIN 26-2837637

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$243,410

Up $42,475 (+21%) from 2018

Net Assets

Up

$243,410

Up $42,475 (+21%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$61,834

Up $14,040 (+29%) from 2018

Expenses

Down

$19,359

Down $23,590 (-55%) from 2018

Net Income

Up

$42,475

Up $37,630 (+777%) from 2018

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

2019

Assets$243,410
Liabilities-
Net Assets$243,410

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

2019

Revenue$61,834
Expenses$19,359
Net Income$42,475
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.0
Gross Receipts
$92,693
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.-$17,124
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$49,941$49,941$8,952$40,989
Total Events$49,941$49,941$30,859$19,082
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
2020-11-03
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 309 travel 265 trainers and coaches 4,925 player uniforms 1,511 tournament fees 9,205 dues and subscriptions 150 postage & delivery 111 miscellaneous 648 total 17,124

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 7,503 2,134 total 7,503 2,134

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 Appendix191 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROMOTION 309 TRAVEL 265 TRAINERS AND COACHES 4,925 PLAYER UNIFORMS 1,511 TOURNAMENT FEES 9,205 DUES AND SUBSCRIPTIONS 150 POSTAGE & DELIVERY 111 MISCELLANEOUS 648 TOTAL 17,124
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 7,503 2,134 TOTAL 7,503 2,134
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 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID DERAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR, PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum03172594958
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROGENY FOUNDATION INC
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ReturnHeader/Filer/EIN0262837637
ReturnHeader/Filer/PhoneNum03172594958
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ReturnHeader/FilingSecurityInformation/IPDt02020-11-03
ReturnHeader/FilingSecurityInformation/IPTm016:40:30
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/PreparationDt02020-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW A TAYLOR CPA
ReturnHeader/ReturnTs02020-11-09T11:09:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings