EIN 31-1598881

The Progress Fund

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1998
Most recent tax filings
2022-12-01
Description
The Progress Fund is a non-profit organization that provides loans to promote historic preservation and community economic revitalization. Its mission is to raise and lend funds for community development in Greensburg, PA.
Total revenues
$5,589,608
2022
Total expenses
$1,460,409
2022
Total assets
$56,975,518
2022
Num. employees
6
2022

Program areas at The Progress Fund

Promote historic preservation and compatible community and economic revitalization by making loans

Who funds The Progress Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Allegheny FoundationProject Support$500,000
The Heinz EndowmentsTo Support the Renovation of A Historic, Vacant Brewery Building Into A Multi-Tenant Craft Beer Production Facility and Food and Entertainment Destination in Hazelwood, Adjacent To Hazelwood Green$500,000
Pennsylvania Cdfi Network$232,941
...and 4 more grants received

Personnel at The Progress Fund

NameTitleCompensation
David KahleyPresident$211,338
Karen PostTreasurer and Chief Financial Officer$186,200
R John DawesChairman$0
Jared GorentzVice Chairman$0
James ButlerSecretary$0
...and 4 more key personnel

Financials for The Progress Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,219,406
Program services$1,136,279
Investment income and dividends$186,409
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$56,134
Net gain from sale of non-inventory assets$-2,488
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-6,132
Total revenues$5,589,608

Form 990s for The Progress Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-03-13990View PDF
2021-122022-02-28990View PDF
2020-122021-05-20990View PDF
2019-122020-08-27990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s

Organizations like The Progress Fund

OrganizationLocationRevenue
South Carolina Community Loan FundCharleston, SC$3,563,181
Craft3Astoria, OR$19,219,259
MoFiMissoula, MT$20,160,998
New Hampshire Community Loan FundConcord, NH$14,740,663
Northern California Community Loan FundSan Francisco, CA$13,288,785
Charter Schools Development Corporation (CSDC)Hanover, MD$12,551,339
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
Economic and Community Development Institute (ECDI)Columbus, OH$19,971,101
Common CapitalSpringfield, MA$1,556,130
California FarmlinkAptos, CA$3,481,187
Data update history
December 24, 2023
Received grants
Identified 4 new grant, including a grant for $350,000 from Richard King Mellon Foundation
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 1 new personnel
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 15, 2023
Received grants
Identified 1 new grant, including a grant for $2,906,090 from Pennsylvania Cdfi Network
Nonprofit Types
SchoolsCommunity Development Financial InstitutionsCharities
Issues
EducationCommunity improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
425 West Pittsburgh St
Greensburg, PA 15601
Metro area
Pittsburgh, PA
County
Westmoreland County, PA
Website URL
progressfund.org/ 
Phone
(724) 216-9160
IRS details
EIN
31-1598881
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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