Progress Industries
- Assets
- $5.1m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 332
- Location
- Newton, IA
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 42-1122161
Organization Overview
Progress Industries is located in Newton, IA. The organization was established in 1979. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Progress Industries employed 332 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Industries 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 06/2022, Progress Industries generated $12.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHANGING THE WORLD FOR PEOPLE WITH DISABILITIES BY PROVIDING OPPORTUNITIES AND SKILLS NECESSARY TO FULFILL NEEDS AND PURSUE DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL PROGRAMS: WORK SERVICES AND JOB PREPARATION PROGRAMS FOR DISABLED INDIVIDUALS. PROGRAMS TO TEACH AND ASSIST CLIENTS GOOD WORK HABITS AND GENERAL WORK SERVICES. PLACES CLIENTS IN COMMUNITY JOBS.
RESIDENTIAL PROGRAMS: PROGRAMS CONSIST OF VARIOUS LEVELS OF SERVICE FROM VERY STRUCTURED ENVIRONMENTS TO INDIVIDUAL APARTMENTS FOR DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra K Ham President/ceo | OfficerTrustee | 36 | $117,381 |
Stefanie Squire Controller | Officer | 36 | $54,580 |
Jody L Eaton Chair | OfficerTrustee | 2 | $0 |
Amy Davis Treasurer | OfficerTrustee | 2 | $0 |
Kelly Mitchell Secretary | OfficerTrustee | 2 | $0 |
John Lee Vice Chair | OfficerTrustee | 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 | $1,164,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,164,603 |
| Total Program Service Revenue | $11,355,172 |
| Investment income | $19,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,560,187 |
| 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. | $231,962 |
| Compensation of current officers, directors, key employees. | $231,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,401,229 |
| Pension plan accruals and contributions | $204,010 |
| Other employee benefits | $1,928,100 |
| Payroll taxes | $798,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,943 |
| Fees for services: Accounting | $56,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,443 |
| Advertising and promotion | $82,477 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,407 |
| Travel | $210,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,974 |
| Insurance | $52,906 |
| All other expenses | $4,130 |
| Total functional expenses | $12,093,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,385,202 |
| Pledges and grants receivable | $22,500 |
| Accounts receivable, net | $778,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,767 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,318 |
| Net Land, buildings, and equipment | $2,707,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,056,933 |
| Accounts payable and accrued expenses | $1,059,155 |
| 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 | $1,059,155 |
| Net assets without donor restrictions | $3,975,278 |
| Net assets with donor restrictions | $22,500 |
| 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 | $5,056,933 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Progress Industries has recieved totaling $1,316.
| Awarding Organization | Amount |
|---|---|
Schiller Family Foundation Newton, IA PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Hills Works Inc Rapid City, SD | $22,578,935 | $31,445,606 |
Challenge Unlimited Inc Alton, IL | $19,551,518 | $27,029,176 |
Outlook-Nebraska Inc Omaha, NE | $23,943,188 | $22,481,784 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
New Star Inc Chicago Heights, IL | $17,179,353 | $15,946,241 |
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Cedar Valley Services Inc Austin, MN | $19,653,627 | $16,645,958 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
Huron Area Center For Independence Huron, SD | $13,427,991 | $15,192,103 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Proact Inc Eagan, MN | $22,369,538 | $14,695,525 |