Progressive Inc
- Assets
- $624.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Madison, WI
- Founding
- 09/1984
- Data as of
- 12/2022
- EIN
- 39-0773233
Organization Overview
Progressive Inc is located in Madison, WI. The organization was established in 1984. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Progressive Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progressive 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 12/2022, Progressive Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
PUBLISH THE PROGRESSIVE MAGAZINE, DISTRIBUTE EDITORIAL MATERIAL TO LOCAL AND NATIONAL NEWSPAPERS, AND MAY ALSO PRODUCE EDUCATIONAL TELEVISION AND RADIO PROGRAMS.
Describe the Organization's Program Activity:
THE PROGRESSIVE, INC. PRINTS, DISTRIBUTES, AND PROMOTES THE PROGRESSIVE MAGAZINE THAT IS DISTRIBUTED TO APPROXIMATELY 30,000 RETAILERS AND SUBSCRIBERS EACH MONTH. THIS INCLUDES EDITORIAL COSTS WHICH ENCOMPASS THE PERSONNEL COSTS OF THOSE WHO SELECT, EDIT, AND WRITE MATERIAL FOR THE MAGAZINE AND ART AND PRODUCTION COSTS WHICH INCLUDE THE DESIGN, LAYOUT, AND PREPARATION OF THE MAGAZINE EACH MONTH FOR PRINTING BY THE ART DIRECTOR AND THE ART ASSOCIATE.
THE PROGRESSIVE, INC. DISTRIBUTES EDITORIAL MATERIAL TO LOCAL AND NATIONAL NEWSPAPERS THROUGH THE MEDIA PROJECT. THE MEDIA PROJECT SOLICITS, EDITS, AND DISTRIBUTES OP-ED COMMENTARY PIECES TO DAILY NEWSPAPERS IN THE UNITED STATES ON A FULL RANGE OF DOMESTIC ISSUES, AS WELL AS ISSUES ON FOREIGN POLICY, PEACE, AND INTERNATIONAL COOPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Friedman President | OfficerTrustee | 5 | $0 |
Bill White Vice President | OfficerTrustee | 5 | $0 |
Norman Stockwell Publisher/secretary | OfficerTrustee | 40 | $70,954 |
Bill Lueders Editor (through June) | OfficerTrustee | 40 | $33,333 |
Daniel Libby Development Director | Trustee | 40 | $61,984 |
Michael Apple At-Large Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,808 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,014,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,113,755 |
| Total Program Service Revenue | $163,830 |
| 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 | $1,280,469 |
| 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. | $213,006 |
| Compensation of current officers, directors, key employees. | $57,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,700 |
| Pension plan accruals and contributions | $6,622 |
| Other employee benefits | $29,781 |
| Payroll taxes | $25,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,773 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,899 |
| Advertising and promotion | $1,801 |
| Office expenses | $91,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,890 |
| Travel | $2,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,597 |
| All other expenses | $15,708 |
| Total functional expenses | $1,028,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,386 |
| 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 | $35,867 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,724 |
| Total assets | $624,202 |
| Accounts payable and accrued expenses | $51,054 |
| Grants payable | $0 |
| Deferred revenue | $174,810 |
| 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 | $225,864 |
| Net assets without donor restrictions | $265,311 |
| Net assets with donor restrictions | $133,027 |
| 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 | $624,202 |