Progress Enterprises Inc
- Assets
- $5.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 155
- Location
- Jamestown, ND
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 51-0176508
Organization Overview
Progress Enterprises Inc is located in Jamestown, ND. The organization was established in 1976. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 06/2023, Progress Enterprises Inc employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Enterprises 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 06/2023, Progress Enterprises Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
PROVIDES RESIDENTIAL SERVICES, A WORK CENTER, SOCIAL AND RECREATIONAL SITES FOR CHRONICALLY MENTALLY ILL ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES TRANSITIONAL LIVING FACILITIES IN JAMESTOWN AND DEVILS LAKE FOR CARE OF MENTALLY ILL ADULTS
OPERATES CRISIS RESIDENTIAL CENTERS IN JAMESTOWN AND DEVILS LAKE
OPERATES A WORK ACTIVITY CENTER FOR CHRONICALLY MENTALLY ILL ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Koenig President | OfficerTrustee | 0.2 | $3,000 |
Kim Weyer Director | Trustee | 0.2 | $0 |
Dennis Anderson Treasurer | OfficerTrustee | 0.2 | $3,000 |
Kirk Heim Director | Trustee | 0.2 | $3,000 |
Robert Paiement Director | Trustee | 0.2 | $3,000 |
Joe Banister Secretary | OfficerTrustee | 0.2 | $3,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,741,114 |
| Investment income | $40,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$18,477 |
| Net Gain/Loss on Asset Sales | -$5,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $897,520 |
| Net Income from Sales of Inventory | $169,656 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,825,277 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,266,777 |
| Pension plan accruals and contributions | $45,005 |
| Other employee benefits | $568,957 |
| Payroll taxes | $183,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,245 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,080 |
| Advertising and promotion | $19,199 |
| Office expenses | $45,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,685 |
| Travel | $11,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,516 |
| Insurance | $118,299 |
| All other expenses | $82,247 |
| Total functional expenses | $3,660,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,813,018 |
| Savings and temporary cash investments | $1,057,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,297 |
| Prepaid expenses and deferred charges | $24,668 |
| Net Land, buildings, and equipment | $2,526,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,717,478 |
| Accounts payable and accrued expenses | $112,021 |
| 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 | $112,021 |
| Net assets without donor restrictions | $5,605,457 |
| Net assets with donor restrictions | $0 |
| 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 | $5,717,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain-Pacific Quality Health Foundation Helena, MT | $10,969,426 | $14,289,104 |
Afscme Council 5 Members Health And Welfare Fund So St Paul, MN | $2,185,987 | $4,910,941 |
Progress Enterprises Inc Jamestown, ND | $5,717,478 | $3,825,277 |
Montana Public Health Institute Bozeman, MT | $1,322,370 | $2,868,178 |
Minnesota Council Of Health Plans St Paul, MN | $1,512,223 | $1,716,546 |
International Society For Sexual And Inpotence Research Burnsville, MN | $5,614,314 | $1,755,163 |
Black Hills Center For American Indian Health Rapid City, SD | $313,196 | $1,411,189 |
Forward Mt Foundation Missoula, MT | $1,808,242 | $1,735,473 |
Rural Behavioral Health Institute Livingston, MT | $489,503 | $411,861 |
National Health Freedom Coalition Saint Paul, MN | $112,679 | $0 |
Montana Public Health Association Missoula, MT | $46,754 | $0 |
Minnesota Norml Minneapolis, MN | $1,752 | $0 |
Our Stories Our Health Saint Paul, MN | $0 | $0 |