Progress Charitable Foundation
- Assets
- $3.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 03/2008
- Data as of
- 11/2022
- EIN
- 20-3987489
Organization Overview
Progress Charitable Foundation is located in Dover, DE. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Charitable Foundation 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 11/2022, Progress Charitable Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.7m during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Progress Charitable Foundation has awarded 57 individual grants totaling $4,626,516. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dworman President | 0.25 | $0 | |
Ross Dworman Treasurer | 0.25 | $0 | |
Brenda Joyce Dworman Director | 0 | $0 | |
Adam Senior Secretary | 0.25 | $0 | |
Perry Kamerman Assistant Treasurer | 0.25 | $0 | |
Ira Wolff Executive Director | 25 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,709,892 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,307 |
| Capital Gain Net Income | $457,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,705,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,690 |
| Interest | $0 |
| Taxes | $5,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,677 |
| Printing and publications | $0 |
| Other expenses | $450 |
| Total operating and administrative expenses | $115,260 |
| Contributions, gifts, grants paid | $1,591,500 |
| Total expenses and disbursements | $1,706,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,671 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Progress Charitable Foundation has awarded $1,591,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ACUMEN FUND INC PURPOSE: GENERAL SUPPORT GRANT | $100,000 |
FOUNDATION FOR THE DEFENSE OF DEMOCRACIES PURPOSE: GENERAL SUPPORT GRANT | $125,000 |
AMERICAN FRIENDS OF SHEBA MEDICAL CENTER PURPOSE: GENERAL SUPPORT GRANT | $500,000 |
JACKIE ROBINSON FOUNDATION PURPOSE: GENERAL SUPPORT GRANT. | $50,000 |
INNOVATION AFRICA PURPOSE: GENERAL SUPPORT GRANT | $110,000 |
MAYO CLINIC PURPOSE: GENERAL SUPPORT GRANT. | $50,000 |