Progressive Inc
- Assets
- $339.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Madison, WI
- Founding
- 09/1984
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Progressive Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $923.6k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Norman Stockwell Publisher/secretary | OfficerTrustee | 40 | $65,000 |
Daniel Libby Staff Representative | Trustee | 40 | $57,699 |
Bill Lueders Editor | OfficerTrustee | 40 | $50,000 |
Bill White Vice President | OfficerTrustee | 5 | $0 |
James Friedman President | OfficerTrustee | 5 | $0 |
Ed Angelina At-Large Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,999 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,117,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,556 |
| Total Program Service Revenue | $237,927 |
| 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 | -$2,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,449,117 |
| 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. | $203,343 |
| Compensation of current officers, directors, key employees. | $51,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,839 |
| Pension plan accruals and contributions | $6,787 |
| Other employee benefits | $65,014 |
| Payroll taxes | $22,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,284 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,284 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,518 |
| Advertising and promotion | $2,010 |
| Office expenses | $114,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,773 |
| Travel | $381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16 |
| Insurance | $9,954 |
| All other expenses | $11,692 |
| Total functional expenses | $923,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,950 |
| 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 | $14,232 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,418 |
| Total assets | $339,899 |
| Accounts payable and accrued expenses | $43,968 |
| Grants payable | $0 |
| Deferred revenue | $147,363 |
| 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 | $191,331 |
| Net assets without donor restrictions | $6,810 |
| Net assets with donor restrictions | $141,758 |
| 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 | $339,899 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Progressive Inc has recieved totaling $100,376.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $21,300 |
Evjue Foundation Inc Madison, WI PURPOSE: SUPPORT OPERATIONS | $15,000 |
Community Shares Of Wisconsin Inc Madison, WI PURPOSE: GENERAL SUPPORT | $14,064 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $100,593 |
| Earnings | $2,175 |
| Net Contributions | $500 |
| Other Expense | $569 |
| Ending Balance | $102,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Financial Literacy Foundation Farmington Hills, MI | $7,731,836 | $6,961,038 |
Remnant Publications Inc Coldwater, MI | $11,088,927 | $7,415,084 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
Graywolf Press Minneapolis, MN | $6,471,480 | $4,234,529 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Family Life Ministries Inc Zeeland, MI | $6,127,426 | $3,715,133 |
National Scholastic Press Association Minneapolis, MN | $1,606,709 | $1,839,940 |
Minnpost Minneapolis, MN | $1,303,702 | $1,954,386 |
Growing Community Media Nfp Oak Park, IL | $1,136,740 | $1,810,239 |
Cedille Chicago Nfp Chicago, IL | $9,252,779 | $1,449,691 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |