Progressive Business Publications Charitable Tr
- Assets
- $1.2m
- Revenue
- $82.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 23-7835073
Organization Overview
Progressive Business Publications Charitable Tr is located in King Of Prussia, PA. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Progressive Business Publications Charitable Tr 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 12/2022, Progressive Business Publications Charitable Tr generated $82.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $104.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORS DAILY SAFE STRUCTURED BEFORE & AFTER SCHOOL PROGRAMS AT COOK WISSAHICKON K-8 ELEMENTARY SCHOOL FOR THE FULL SCHOOL YEAR. THE FOUNDATION ALSO SPONSORS A ONE-TO-ONE MENTOR PROGRAM FOR 45 STUDENTS. IN ADDITION, THE FOUNDATION SPONSORS DEVELOPMENTAL AND EDUCATIONAL CLASS TRIPS, THE GRADE 8 GRADUATION AND THE GRADE 8 YEARBOOK. THE FOUNDATION ALSO SPONSORS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THE FACULTY & STAFF.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,374 |
| Capital Gain Net Income | $31,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,094 |
| Total Revenue | $82,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $82,517 |
| Pension plans, employee benefits | $1,163 |
| Interest | $0 |
| Taxes | $9,515 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,485 |
| Total operating and administrative expenses | $104,680 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $104,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,956 |
| Savings and temporary cash investments | $27,060 |
| 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 | $1,207,818 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,242,834 |
| 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, Progressive Business Publications Charitable Tr has awarded $1,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DANIEL BOONE SCHOOL PTA PURPOSE: NO RESTRICTIONS/FOR GENERAL USE | $1,000 |
VERNON YMCA PURPOSE: NO RESTRICTIONS/FOR GENERAL USE | $125 |