Progress North Carolina
- Assets
- $193.2k
- Revenue
- $739.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-2862040
Organization Overview
Progress North Carolina is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress North Carolina 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 12/2021, Progress North Carolina generated $739.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $864.9k during the year ending 12/2021. While expenses have increased by 15.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROGRESS NORTH CAROLINA CONDUCTS RESEARCH, SPONSORS EDUCATIONAL ACTIVITIES AND EVENTS, AND DISSEMINATES ACCURATE AND TIMELY INFORMATION TO PROMOTE THE GENERAL PUBLIC'S UNDERSTANDING OF WAYS TO MAINTAIN AND IMPROVE NORTH CAROLINA'S COMMON GOOD AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NARRATIVE PROJECT - PROGRESS NORTH CAROLINA CONDUCTED PUBLIC OPINION RESEARCH TO BETTER UNDERSTAND THE ATTITUDES AND VALUES OF NORTH CAROLINIANS.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Jollett Executive Director | Officer | 20 | $0 |
Chris Kromm Chairperson | Trustee | 1 | $0 |
Margaret Salinger Board Member | Trustee | 1 | $0 |
Rashad Gibson Board Member | Trustee | 1 | $0 |
Alison Kisor Board Member | Trustee | 1 | $0 |
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 | $739,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $739,074 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $739,074 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $474,401 |
| Fees for services: Legal | $5,950 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,116 |
| Advertising and promotion | $2,632 |
| Office expenses | $19,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,894 |
| All other expenses | $0 |
| Total functional expenses | $864,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,194 |
| Accounts payable and accrued expenses | $1,662 |
| 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 | $1,662 |
| Net assets without donor restrictions | $191,532 |
| 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 | $193,194 |
Grants Awarded
Over the last fiscal year, Progress North Carolina has awarded $132,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Morrisville, NC PURPOSE: Funding 501(c) 3 voter education programs | $120,000 |
Washington, DC PURPOSE: Funding voter outreach at HBCU campuses | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Progress North Carolina has recieved totaling $685,000.
| Awarding Organization | Amount |
|---|---|
Imagine North Carolina First Raleigh, NC PURPOSE: Funding various 501(c) 3 programs | $675,000 |
Prentice Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progress North Carolina Raleigh, NC | $193,194 | $739,074 |
Charlottesville Tomorrow Charlottesville, VA | $54,395 | $673,032 |
Small Business & Entrepreneurship Council Vienna, VA | $511,099 | $632,750 |
Center For America Roswell, GA | $3,417 | $10,015 |
Hamilton Flourishing Chattanooga, TN | $19,909 | $325,012 |
Neighborhood Data Works Durham, NC | $42,201 | $215,553 |
High Point Convention & Visitors Bureau Foundation Inc High Point, NC | $376,382 | $46,117 |
Quality Growth Institute Inc Atlanta, GA | $462,765 | $237,302 |
Cumberland Region Tomorrow Nashville, TN | $173,795 | $75,030 |
Larouche Legacy Foundation Leesburg, VA | $248,391 | $212,962 |
Epilepsy Services And Research Inc Orangeburg, SC | $1,118,791 | $54,524 |
Southeast Georgia Friends Of Fort Stewart And Hunter Inc Hinesville, GA | $51,543 | $65,883 |