Progress Industries
- Assets
- $5.5m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 313
- Location
- Newton, IA
- Founding
- 06/1979
- Data as of
- 06/2023
- 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 06/2023, Progress Industries employed 313 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 06/2023, Progress Industries generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $12.8m during the year ending 06/2023. 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
2023
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 | $120,655 |
Jody L Eaton Chair | OfficerTrustee | 2 | $0 |
Mark Cahill Trustee | Trustee | 1 | $0 |
John Lee Vice Chair | OfficerTrustee | 2 | $0 |
Carol Jones Trustee | Trustee | 1 | $0 |
Kelly Mitchell Secretary | OfficerTrustee | 2 | $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 | $855,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,221 |
| Total Program Service Revenue | $12,098,428 |
| Investment income | $14,014 |
| 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 | $12,941,724 |
| 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. | $243,351 |
| Compensation of current officers, directors, key employees. | $243,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,742,937 |
| Pension plan accruals and contributions | $201,585 |
| Other employee benefits | $2,115,966 |
| Payroll taxes | $853,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,837 |
| Fees for services: Accounting | $55,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,164 |
| Advertising and promotion | $48,962 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,977 |
| Travel | $215,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,005 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,711 |
| Insurance | $62,829 |
| All other expenses | $3,986 |
| Total functional expenses | $12,757,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,964,809 |
| Pledges and grants receivable | $19,500 |
| Accounts receivable, net | $881,760 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,928 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $105,674 |
| Net Land, buildings, and equipment | $2,461,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $5,477,676 |
| Accounts payable and accrued expenses | $1,295,872 |
| 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 | $1,295,872 |
| Net assets without donor restrictions | $4,162,304 |
| Net assets with donor restrictions | $19,500 |
| 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 | $5,477,676 |