Civic Intelligence

The Progress Fund

990 • Fiscal year 2020 • EIN 31-1598881

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 26, 2021

Organization ProfileWWW.PROGRESSFUND.ORG

View Organization Page

425 West Pittsburgh StreetGreensburg, PA 15601

(724) 216-9160

Siviq Scores

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

Liabilities / Assets

46th percentile

0.24x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

1.06x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

98th percentile

86%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$306,756

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

80th percentile

22%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

240%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$54,718,523

Up $9,991,676 (+22%) from 2019

Net Assets

Up

$41,722,244

Up $10,524,549 (+34%) from 2019

Liabilities

Down

$12,996,279

Down $532,873 (-3.9%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin98th percentile

Revenue

Up

$12,277,681

Up $8,665,590 (+240%) from 2019

Expenses

Up

$1,716,443

Up $10,750 (+0.6%) from 2019

Net Income

Up

$10,561,238

Up $8,654,840 (+454%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$60M$40M$20M$0Assets 2010: $23,227,617Liabilities 2010: $10,667,933Net Assets 2010: $12,559,6842010Assets 2011: $30,032,278Liabilities 2011: $14,912,997Net Assets 2011: $15,119,2812011Assets 2012: $31,746,774Liabilities 2012: $15,275,002Net Assets 2012: $16,471,7722012Assets 2013: $32,939,773Liabilities 2013: $13,926,445Net Assets 2013: $19,013,3282013Assets 2014: $37,045,257Liabilities 2014: $15,633,684Net Assets 2014: $21,411,5732014Assets 2015: $37,630,654Liabilities 2015: $13,607,450Net Assets 2015: $24,023,2042015Assets 2016: $41,886,120Liabilities 2016: $15,125,248Net Assets 2016: $26,760,8722016Assets 2017: $44,531,690Liabilities 2017: $16,597,271Net Assets 2017: $27,934,4192017Assets 2019: $44,726,847Liabilities 2019: $13,529,152Net Assets 2019: $31,197,6952019Assets 2020: $54,718,523Liabilities 2020: $12,996,279Net Assets 2020: $41,722,2442020Assets 2022: $56,975,518Liabilities 2022: $10,230,617Net Assets 2022: $46,744,9012022

Highlighted filing

2020

Assets$54,718,523
Liabilities$12,996,279
Net Assets$41,722,244
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$15M$10M$5.0M$0Expenses 2010: $1,357,9082010Expenses 2011: $1,585,1472011Expenses 2012: $1,466,4442012Revenue 2013: $4,233,185Expenses 2013: $1,691,629Net Income 2013: $2,541,5562013Revenue 2014: $4,090,622Expenses 2014: $1,692,377Net Income 2014: $2,398,2452014Revenue 2015: $4,308,973Expenses 2015: $1,696,710Net Income 2015: $2,612,2632015Revenue 2016: $4,220,094Expenses 2016: $1,482,031Net Income 2016: $2,738,0632016Revenue 2017: $2,660,270Expenses 2017: $1,486,059Net Income 2017: $1,174,2112017Revenue 2019: $3,612,091Expenses 2019: $1,705,693Net Income 2019: $1,906,3982019Revenue 2020: $12,277,681Expenses 2020: $1,716,443Net Income 2020: $10,561,2382020Revenue 2022: $5,589,608Expenses 2022: $1,460,409Net Income 2022: $4,129,1992022

Highlighted filing

2020

Revenue$12,277,681
Expenses$1,716,443
Net Income$10,561,238
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 26, 2021
Return Version
2020v4.0
Gross Receipts
$12,277,681
Mission and Program Overview

Mission

Raise and lend funds for community development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,481,537$29,606,974▲ $9,125,437
Other Notes and Loans Receivable, Net$22,419,996$23,014,950▲ $594,954
Land, Buildings, and Equipment, Net$1,659,074$1,934,147▲ $275,073
Investments Other Securities$144,773$144,378▼ $395
Prepaid Expenses and Deferred Charges$21,467$18,074▼ $3,393
Total Assets$44,726,847$54,718,523▲ $9,991,676
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,633,316$11,995,323▼ $637,993
Other Liabilities$727,000$798,711▲ $71,711
Accounts Payable and Accrued Expenses$168,836$202,245▲ $33,409
Total Liabilities$13,529,152$12,996,279▼ $532,873
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,288,790$31,835,817▲ $2,547,027
Net Assets With Donor Restrictions$1,908,905$9,886,427▲ $7,977,522
Total Net Assets Fund Balance$31,197,695$41,722,244▲ $10,524,549
Total Liabilities and Net Assets / Fund Balance$44,726,847$54,718,523▲ $9,991,676

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$635,657$314,379$950,036
Buildings$657,424$158,511$815,935
Other Land Buildings$450,999$15,600$466,599
Equipment$23,266$177,691$200,957
Land$166,801-$166,801
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David KahleyPresident & CEOFT$209,251$97,505$306,756
Karen PostTreasurer & CFOFT$189,412$98,251$287,663

Board Members and Trustees

NameTitle
R John DawesChairman
Jared GorentzVice Chairman
David MillerBoard Member
Eric MartinBoard Member
Jan DofnerBoard Member
James ButlerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,495,042
Program Service Revenue
$1,665,787
Investment Income
$77,750
Other Revenue
$39,102
All Other Contributions
$10,495,042
Change in Net Assets
$10,561,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$870,203
Other Expenses$846,240
Total Fundraising Expense$23,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$254,230$133,060$15,610$402,900
Interest$261,066--$261,066
Pension Plan Contributions$195,135$8,741$1,009$204,885
Other Salaries and Wages$135,781$28,758$3,374$167,913
All Other Expenses$48,535$25,243-$73,778
Other Employee Benefits$38,695$14,778$1,751$55,224
Depreciation Depletion$37,025$13,056-$50,081
Payroll Taxes$26,839$11,136$1,306$39,281
Fees for Services Legal$31,421--$31,421
Insurance$9,765$10,158-$19,923
Fees for Services Accounting-$17,650-$17,650
Travel$10,997$6,201-$17,198
Other Expenses$3,952$7,768-$11,720
Office Expenses$6,921$2,274-$9,195
Advertising$4,745$46-$4,791
Total Functional Expenses$1,403,337$290,056$23,050$1,716,443
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
Conditional Contributions Received in Advance$798,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is reviewed by karen post, who is the treasurer of the organization. If any questions arise, karen post contacts young, oakes, brown and co., p.c. For clarifications.”

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

“The progress fund regularly and consistently monitors and enforces compliance with the conflict of interest policy at their monthly meetings.”

Form 990, Part VI, Section C, Line 19

“The governing documents are made available to public upon request.”

Filing and Contact Details

Filer

Filer Name
The Progress Fund
EIN
31-1598881
Phone
7242169160
Address
425 WEST PITTSBURGH STREET, GREENSBURG, PA 15601

Signing Officer

Name
David Kahley
Title
President
Phone
7242169160
Signed
2021-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kahley
Formed
1998
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
6
Employees
5
Volunteers
0

Preparer

Firm
Young Oakes Brown & Company Pc
Address
1210 THIRTEENTH STREET, ALTOONA, PA 16601
Preparer
Daniel Bradley CPA
Phone
8149446191
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Loss on subsidiary -395. Blight removal -36,294.”

FORM 990, PART XII, LINE 2C:

“No changes from prior year.”

Raw XML AppendixShowing 400 of 550 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0168836
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0202245
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RAISE AND LEND FUNDS FOR COMMUNITY DEVELOPMENT
IRS990/AdvertisingGrp/ManagementAndGeneralAmt046
IRS990/AdvertisingGrp/ProgramServicesAmt04745
IRS990/AdvertisingGrp/TotalAmt04791
IRS990/AllOtherContributionsAmt010495042
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt025243
IRS990/AllOtherExpensesGrp/ProgramServicesAmt048535
IRS990/AllOtherExpensesGrp/TotalAmt073778
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07242169160
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0425 WEST PITTSBURGH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015601
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt015610
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0133060
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0254230
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0402900
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt010495042
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt077750
IRS990/CYOtherExpensesAmt0846240
IRS990/CYOtherRevenueAmt039102
IRS990/CYProgramServiceRevenueAmt01665787
IRS990/CYRevenuesLessExpensesAmt010561238
IRS990/CYSalariesCompEmpBnftPaidAmt0870203
IRS990/CYTotalExpensesAmt01716443
IRS990/CYTotalFundraisingExpenseAmt023050
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012277681
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013056
IRS990/DepreciationDepletionGrp/ProgramServicesAmt037025
IRS990/DepreciationDepletionGrp/TotalAmt050081
IRS990/Desc0PROMOTE HISTORIC PRESERVATION AND COMPATIBLE COMMUNITY AND ECONOMIC REVITALIZATION BY MAKING LOANS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01908905
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt09886427
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01403337
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017650
IRS990/FeesForServicesAccountingGrp/TotalAmt017650
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt031421
IRS990/FeesForServicesLegalGrp/TotalAmt031421
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt48.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt58.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt697505
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt798251
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm1JAN DOFNER
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm3R JOHN DAWES
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm5JARED GORENTZ
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID KAHLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREN POST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6209251
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7189412
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER & CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012277681
IRS990/GrossRentsGrp/RealAmt038427
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010158
IRS990/InsuranceGrp/ProgramServicesAmt09765
IRS990/InsuranceGrp/TotalAmt019923
IRS990/InterestGrp/ProgramServicesAmt0261066
IRS990/InterestGrp/TotalAmt0261066
IRS990/InvestmentIncomeGrp/ExclusionAmt077750
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt077750
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0144773
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0144378
IRS990/IRPDocumentCnt0187
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0666181
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01659074
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01934147
IRS990/LandBldgEquipCostOrOtherBssAmt02600328
IRS990/LegalDomicileStateCd0PA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAISE AND LEND FUNDS FOR COMMUNITY DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012633316
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011995323
IRS990/NetAssetsOrFundBalancesBOYAmt031197695
IRS990/NetAssetsOrFundBalancesEOYAmt041722244
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt038427
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt038427
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt029288790
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt031835817
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02274
IRS990/OfficeExpensesGrp/ProgramServicesAmt06921
IRS990/OfficeExpensesGrp/TotalAmt09195
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-36689
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01751
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014778
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038695
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055224
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVES
IRS990/OtherExpensesGrp/Desc1OTHER CONTRACTED SERVIC
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27768
IRS990/OtherExpensesGrp/ProgramServicesAmt0199098
IRS990/OtherExpensesGrp/ProgramServicesAmt1130120
IRS990/OtherExpensesGrp/ProgramServicesAmt29012
IRS990/OtherExpensesGrp/ProgramServicesAmt33952
IRS990/OtherExpensesGrp/TotalAmt0199098
IRS990/OtherExpensesGrp/TotalAmt1135349
IRS990/OtherExpensesGrp/TotalAmt214970
IRS990/OtherExpensesGrp/TotalAmt311720
IRS990/OtherLiabilitiesGrp/BOYAmt0727000
IRS990/OtherLiabilitiesGrp/EOYAmt0798711
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0675
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0675
IRS990/OtherRevenueTotalAmt0675
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03374
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028758
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135781
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167913
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt022419996
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023014950
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01306
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011136
IRS990/PayrollTaxesGrp/ProgramServicesAmt026839
IRS990/PayrollTaxesGrp/TotalAmt039281
IRS990/PensionPlanContributionsGrp/FundraisingAmt01009
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08741
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0195135
IRS990/PensionPlanContributionsGrp/TotalAmt0204885
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021467
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018074
IRS990/PrincipalOfficerNm0DAVID KAHLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES REGARDING PPP LOANS
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/Desc3LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01449235
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1115695
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt258338
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt342519
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01449235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1115695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt342519
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01700191
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0300255
IRS990/PYOtherExpensesAmt0979481
IRS990/PYOtherRevenueAmt062194
IRS990/PYProgramServiceRevenueAmt01549451
IRS990/PYRevenuesLessExpensesAmt01906398
IRS990/PYSalariesCompEmpBnftPaidAmt0726212
IRS990/PYTotalExpensesAmt01705693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03612091
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010561238
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt038427
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01666462
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020481537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029606974
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010495042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01700191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01441564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01144075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02802236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017583108
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt077750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0300255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0241584
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt091286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt053975
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0764850
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01704889
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01611645
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01319951
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01424909
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01363883
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07425277
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68220
IRS990ScheduleA/PublicSupportPY170Pct00.55830
IRS990ScheduleA/PublicSupportTotal170Amt017583108
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010495042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01700191
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01441564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01144075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02802236
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017583108
IRS990ScheduleA/TotalSupportAmt025773235
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0657424
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0158511
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0815935
IRS990ScheduleD/EquipmentGrp/BookValueAmt023266
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0177691
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0200957
IRS990ScheduleD/LandGrp/BookValueAmt0166801
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0166801
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0635657
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0314379
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0950036
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0450999
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015600
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0466599
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0798711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONDITIONAL CONTRIBUTIONS RECEIVED IN ADVANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01934147
IRS990ScheduleD/TotalLiabilityAmt0798711
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0209251
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1189412
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt097505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt198251
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID KAHLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KAREN POST
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER & CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0306756
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1287663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY KAREN POST, WHO IS THE TREASURER OF THE ORGANIZATION. IF ANY QUESTIONS ARISE, KAREN POST CONTACTS YOUNG, OAKES, BROWN AND CO., P.C. FOR CLARIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROGRESS FUND REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THEIR MONTHLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOSS ON SUBSIDIARY -395. BLIGHT REMOVAL -36,294.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,718,523
Liabilities
$12,996,279
Net assets
$41,722,244
Revenue
$12,277,681
Expenses
$1,716,443
Net income
$10,561,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.0$10.2$46.7$5.59$1.46$4.13
2020Detailed filing. Detailed filing data is available for this year.$54.7$13.0$41.7$12.3$1.72$10.6
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$13.5$31.2$3.61$1.71$1.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.5$16.6$27.9$2.66$1.49$1.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.9$15.1$26.8$4.22$1.48$2.74
2015Detailed filing. Detailed filing data is available for this year.$37.6$13.6$24.0$4.31$1.70$2.61
2014Detailed filing. Detailed filing data is available for this year.$37.0$15.6$21.4$4.09$1.69$2.40
2013Detailed filing. Detailed filing data is available for this year.$32.9$13.9$19.0$4.23$1.69$2.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.7$15.3$16.5$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$14.9$15.1$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$10.7$12.6$1.36