Progress Enterprises Inc
- Assets
- $5.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 166
- Location
- Jamestown, ND
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 51-0176508
Organization Overview
Progress Enterprises Inc is located in Jamestown, ND. The organization was established in 1976. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 06/2022, Progress Enterprises Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Enterprises Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Progress Enterprises Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RESIDENTIAL SERVICES, A WORK CENTER, SOCIAL AND RECREATIONAL SITES FOR CHRONICALLY MENTALLY ILL ADULTS
Describe the Organization's Program Activity:
OPERATES TRANSITIONAL LIVING FACILITIES IN JAMESTOWN AND DEVILS LAKE FOR CARE OF MENTALLY ILL ADULTS
OPERATES CRISIS RESIDENTIAL CENTERS IN JAMESTOWN, DEVILS LAKE AND ROLLA
OPERATES A WORK ACTIVITY CENTER FOR CHRONICALLY MENTALLY ILL ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Paiment Executive Director | 40 | $116,768 | |
Shar Gumke Vice President | OfficerTrustee | 0.2 | $3,000 |
Roger Koenig President | OfficerTrustee | 0.2 | $3,000 |
Joe Banister Secretary | OfficerTrustee | 0.2 | $3,000 |
Dennis Anderson Treasurer | OfficerTrustee | 0.2 | $3,000 |
Kirk Heim Director | Trustee | 0.2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,926,216 |
| Investment income | $67,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,847 |
| Net Gain/Loss on Asset Sales | $12,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,171,954 |
| Net Income from Sales of Inventory | $102,015 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,264,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,000 |
| Compensation of current officers, directors, key employees. | $21,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,388,225 |
| Pension plan accruals and contributions | $50,416 |
| Other employee benefits | $715,644 |
| Payroll taxes | $182,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56 |
| Fees for services: Accounting | $21,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,291 |
| Advertising and promotion | $10,323 |
| Office expenses | $56,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,351 |
| Travel | $11,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,086 |
| Insurance | $105,768 |
| All other expenses | $92,886 |
| Total functional expenses | $3,932,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,947 |
| Savings and temporary cash investments | $996,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,498 |
| Prepaid expenses and deferred charges | $28,294 |
| Net Land, buildings, and equipment | $2,642,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,566,469 |
| Accounts payable and accrued expenses | $160,609 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $160,609 |
| Net assets without donor restrictions | $5,405,860 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,566,469 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Progress Enterprises Inc has recieved totaling $175,072.
| Awarding Organization | Amount |
|---|---|
Great Plains Food Bank Fargo, ND PURPOSE: To provide food pantries with food to distribute to individuals | $163,901 |
Great Plains Food Bank Fargo, ND PURPOSE: To provide food pantries with food to distribute to individuals | $11,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain-Pacific Quality Health Foundation Helena, MT | $10,969,426 | $14,289,104 |
Afscme Council 5 Members Health And Welfare Fund So St Paul, MN | $2,599,009 | $4,643,895 |
Progress Enterprises Inc Jamestown, ND | $5,566,469 | $4,264,297 |
Minnesota Council Of Health Plans St Paul, MN | $1,053,474 | $1,755,212 |
Black Hills Center For American Indian Health Rapid City, SD | $162,074 | $1,642,469 |
Montana Public Health Institute Kalispell, MT | $188,141 | $1,119,217 |
International Society For Sexual And Inpotence Research Burnsville, MN | $6,570,167 | $1,372,542 |
Forward Mt Foundation Missoula, MT | $1,155,863 | $548,885 |
Rural Behavioral Health Institute Livingston, MT | $211,667 | $363,065 |
Our Stories Our Health Saint Paul, MN | $2,033 | $106,284 |
National Health Freedom Coalition Saint Paul, MN | $119,397 | $0 |
Montana Public Health Association Choteau, MT | $52,586 | $0 |