Praegressus
- Assets
- $93.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 09/2014
- Data as of
- 06/2019
- EIN
- 46-2410629
Organization Overview
Praegressus is located in Benton Harbor, MI. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Praegressus 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 06/2019, Praegressus generated $37.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $65.0k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PRAEGRESSUS HAS CONTINUED TO PARTNER WITH YOUTHBUILD, A PROGRAM RUN BY KINEXUS IN PARTNERSHIP WITH THE U.S. DEPARTMENT OF LABOR, WHICH HELPS 16-24 YEAR OLDS ATTAIN VOCATIONAL TRAINING AND JOB SKILLS THROUGH GROUP INSTRUCTION. OUR ORGANIZATION HAS PROVIDED THE PROPERTY WHICH WAS RENOVATED BY THE PARTICIPANTS AND USED TO TEACH NEW SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnie Redsicker Chair | 1 | $0 | |
Gwen Wood Member (began 9/20/18) | 1 | $0 | |
Todd Gustafson Member (ended 9/21/18) | 1 | $0 | |
Gretchen Volkenstein Member (began 12/17/18) | 1 | $0 | |
Orrin Bailey Member (ended 9/21/18) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,900 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13 |
| Total Revenue | $37,930 |
| Statement of Expenses | |
|---|---|
| Total expenses | $65,048 |
| Balance Sheet | |
|---|---|
| Total assets | $93,519 |
| Total liabilities | $91,380 |
| Net assets or fund balances | $2,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |
Wenonah Park Properties Inc Bay City, MI | $22,411,152 | $7,079,713 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Grand Rapids-Kent Cty Convention Center & Vistors Bureau Grand Rapids, MI | $10,130,209 | $9,465,987 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Team Neo Foundation Cleveland, OH | $2,982,756 | $6,381,649 |
Greater Cincinnati Convention & Visitors Bureau Inc Cincinnati, OH | $12,063,911 | $8,787,781 |
Wayne State Univ Research & Techno- Logy Park In The City Of Detroit Detroit, MI | $24,221,060 | $8,978,851 |