Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Rende Progress Capital
990 • Fiscal year 2022 • EIN 82-0689514
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.17x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 6.3% of source-year revenue.
Asset Growth
76th percentile
Faster asset growth than 76% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Up$3,048,192
Up $889,415 (+41%) from 2020
Net Assets
Up$2,520,566
Up $869,162 (+53%) from 2020
Liabilities
Up$527,626
Up $20,253 (+4.0%) from 2020
Revenue And Expenses
Revenue
Down$1,358,413
Down $453,896 (-25%) from 2020
Expenses
Up$452,735
Up $139,937 (+45%) from 2020
Net Income
Down$905,678
Down $593,833 (-40%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Jul 13, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $1,358,413
Mission and Program Overview
Mission
RPC is committed to economic equity by providing socially responsible and affordable lending and serviecs to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons & bias
RPC is committed to economic equity by providing socially responsible and affordable lending and responsible and affordable lending and services to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons & bias.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,655,168 | $2,574,913 | ▲ $919,745 |
| Other Notes and Loans Receivable, Net | $445,717 | $462,988 | ▲ $17,271 |
| Land, Buildings, and Equipment, Net | $11,065 | $9,942 | ▼ $1,123 |
| Prepaid Expenses and Deferred Charges | $350 | $350 | → $0 |
| Total Assets | $2,104,170 | $3,048,192 | ▲ $944,022 |
| Other Assets Total | $-8,130 | $-1 | ▲ $8,129 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $477,375 | $497,375 | ▲ $20,000 |
| Accounts Payable and Accrued Expenses | $11,907 | $30,251 | ▲ $18,344 |
| Total Liabilities | $489,282 | $527,626 | ▲ $38,344 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,614,888 | $2,191,859 | ▲ $576,971 |
| Net Assets With Donor Restrictions | - | $328,707 | - |
| Total Net Assets Fund Balance | $1,614,888 | $2,520,566 | ▲ $905,678 |
| Total Liabilities and Net Assets / Fund Balance | $2,104,170 | $3,048,192 | ▲ $944,022 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $8,317 | $7,373 | $15,690 |
| Equipment | $1,625 | $472 | $2,097 |
| Other Assets Org | $-1 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Eric K Foster | Chair and Director | FT | $85,000 | $85,000 |
| Cuong Q Huynh | Board Treasurer & General Man | FT | $70,000 | $70,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Beverly Meek | Board Member |
| Bing Goei | Board Member |
| Dr Lisa Cook | Board Member |
| Merideth Freeman | Board Member |
| Tasha Blackmon | Board Member |
| Timothy Williams | Board Member |
| Robin Selmon | Board Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,345,250
- Program Service Revenue
- $16,492
- Investment Income
- $0
- Other Revenue
- $-3,329
- All Other Contributions
- $1,220,250
- Change in Net Assets
- $905,678
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $322,681 |
| Other Expenses | $127,804 |
| Total Fundraising Expense | $47,851 |
| Grants and Similar Amounts Paid | $2,250 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $174,734 | $106,239 | $41,708 | $322,681 |
| Fees for Services Other | $3,196 | $33,018 | $5,603 | $41,817 |
| Conferences and Meetings | $10,323 | $2,171 | - | $12,494 |
| Occupancy | $8,960 | $3,361 | - | $12,321 |
| Travel | $4,885 | $6,468 | - | $11,353 |
| Other Expenses | $6,522 | $1,500 | - | $8,022 |
| Interest | $6,175 | - | - | $6,175 |
| Office Expenses | $521 | $3,610 | $540 | $4,671 |
| Advertising | $1,703 | $2,870 | - | $4,573 |
| Depreciation Depletion | - | $3,278 | - | $3,278 |
| Grants to Domestic Orgs | $2,250 | - | - | $2,250 |
| Insurance | - | $1,679 | - | $1,679 |
| All Other Expenses | $135 | $31 | - | $166 |
| Total Functional Expenses | $233,983 | $170,901 | $47,851 | $452,735 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990 governing body review Part VI line 11
“Line 11b:The board chairman and board treasurer review and approves the form 990 prepared by the auditor prior to signing the elctronic authorization form. It is made available upon requests to all other board members.”
Conflict of interest policy compliance Part VI line 12C
“Line 12c:Procedures for conflict include 1) annual review of the conflict of interest policy forms by each member. All forms are reviewed by both the Chair and Treasurer; 2) Member must inform the chair prior to a board meeting dealing with any matter for a vote that they have a conflict; 3) The member cannot engage in discussions with any board members regarding their opinion in the matter; and 4) A member with a conflict in any contract or transaction cannot vote or be in the room during the matters action. Line 12c:Procedures include an annual review of policy forms for each member.”
CEO executive director top management comp Part VI line 15A
“Line 15a:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager.”
Other officer or key employee compensation Part VI line 15B
“Line 15b:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager. Line 15:Board resolution required for determining compensation.”
Form 990 availability to public Part VI line 18
“Line 18:Upon request”
Governing documents etc available to public Part VI line 19
“Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process. Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process.”
Filing and Contact Details
Filer
- Filer Name
- Rende Progress Capital
- EIN
- 82-0689514
- Address
- 818 Butterworth SW, Grand Rapids, MI 49504
Signing Officer
- Name
- Eric K Foster
- Title
- Chair and Direc
- Phone
- 6165583276
- Signed
- 2023-07-13
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Eric K Foster
- Formed
- 2017
- Legal Domicile
- Mi
- Voting Board Members
- 9
- Independent Board Members
- 7
- Employees
- 5
Preparer
- Firm
- Accutrak Consulting and Acctng Svcs
- Address
- 46958 N Gratiot Ave Ste 100, Chesterfield Twp, MI 48051
- Preparer
- Shaniece A Bennett CPA
- Phone
- 5868406494
Supplemental Narrative
Additional Explanations
Part III response or note to any other line in Part III
“Line 4a:Approvals: 11 Excluded Entrepreneurs of Color, 7 of 11 applied for loans and 3 approved/new loan customers. 3. Loan Navigation Assistance [engagements with Excluded Entrepreneurs of Color customers and inquirers seeking assistance in loan servicing or loan applications]: 152 Engagements.”
Part XI response or note to any line in Part XI
“Line 9:Rounding”
Raw XML AppendixShowing 400 of 422 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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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3610 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 521 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4671 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | -8130 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | -1 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Dues & Subscriptions |
| IRS990/OtherExpensesGrp/Desc | 1 | License & Certificates |
| IRS990/OtherExpensesGrp/Desc | 2 | Loan Expense |
| IRS990/OtherExpensesGrp/Desc | 3 | Professional Development |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6646 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 30 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13487 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1092 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 6522 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20133 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 30 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1092 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8022 |
| IRS990/OtherOrganizationDsc | 0 | CDFI |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 561499 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other Income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | -3329 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | -3329 |
| IRS990/OtherRevenueTotalAmt | 0 | -3329 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 445717 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 462988 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 350 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 350 |
| IRS990/PrincipalOfficerNm | 0 | Eric K Foster |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522291 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Program Revenue |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 16492 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 16492 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RPC added new approved customers in FY 2022 for an overall 42 approved loan customer deals in our portfolio, an increase from 29 in FY 2021. Overall deployment was $631,816 [FY 2022 loan deployment of new capital being $103,253.72]. Loan deployment for FY 2022 would have been of $240,272.73 at minimum and an overall $872,088.73 deployed. In FY 2022 our customers remain historical portfolio customers who are 100% businesses owners of color. RPC has also grown in loan customer demographic, industry, and geographic diversity as of Q4 FY 2022. |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 16492 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 324000 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYProgramServiceRevenueAmt | 0 | 19491 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 343491 |
| IRS990/PYTotalRevenueAmt | 0 | 343491 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 905678 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1345250 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 324000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1799606 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 227606 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 220000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3916462 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1345250 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 324000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1799606 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 227606 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 220000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 3916462 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 3329 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2021 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2617 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 7967 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3598848 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 317614 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1345250 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 324000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1799606 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 227606 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 220000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3916462 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7840891 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1625 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 472 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 2097 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | -1 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Miscellaneous Revenue |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 8317 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 7373 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 15690 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 9942 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | -1 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Line 11b:The board chairman and board treasurer review and approves the form 990 prepared by the auditor prior to signing the elctronic authorization form. It is made available upon requests to all other board members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Line 12c:Procedures for conflict include 1) annual review of the conflict of interest policy forms by each member. All forms are reviewed by both the Chair and Treasurer; 2) Member must inform the chair prior to a board meeting dealing with any matter for a vote that they have a conflict; 3) The member cannot engage in discussions with any board members regarding their opinion in the matter; and 4) A member with a conflict in any contract or transaction cannot vote or be in the room during the matters action. Line 12c:Procedures include an annual review of policy forms for each member. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Line 15a:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Line 15b:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager. Line 15:Board resolution required for determining compensation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Line 18:Upon request |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process. Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Line 4a:Approvals: 11 Excluded Entrepreneurs of Color, 7 of 11 applied for loans and 3 approved/new loan customers. 3. Loan Navigation Assistance [engagements with Excluded Entrepreneurs of Color customers and inquirers seeking assistance in loan servicing or loan applications]: 152 Engagements. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Line 9:Rounding |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990 availability to public Part VI line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part III response or note to any other line in Part III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part XI response or note to any line in Part XI |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 2104170 |
| IRS990/TotalAssetsEOYAmt | 0 | 3048192 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2104170 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3048192 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1345250 |
| IRS990/TotalEmployeeCnt | 0 | 5 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 47851 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 170901 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 233983 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 452735 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 489282 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 527626 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 489282 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 527626 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1614888 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2520566 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 233983 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 16492 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 155000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 13163 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1358413 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2104170 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3048192 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 6468 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 4885 |
| IRS990/TravelGrp/TotalAmt | 0 | 11353 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 477375 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 497375 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | www.rendeprogresscapital.com |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Eric K Foster |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chair and Direc |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6165583276 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-07-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Rende Progress Capital |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $3,048,192
- Liabilities
- $527,626
- Net assets
- $2,520,566
- Revenue
- $1,358,413
- Expenses
- $452,735
- Net income
- $905,678