Progress Inc
- Assets
- $7.4m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 301
- Location
- Nashville, TN
- Founding
- 07/1975
- Data as of
- 06/2024
- EIN
- 62-0869547
Organization Overview
Progress Inc is located in Nashville, TN. The organization was established in 1975. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2024, Progress Inc employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress 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 06/2024, Progress Inc generated $13.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $12.5m during the year ending 06/2024. While expenses have increased by 4.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRESS, INC., IS A COMMUNITY BASED NON-PROFIT ORGANIZATION PROVIDING HOME-BASED SUPPORTS FOR PEOPLE WITH INTELLECTUAL DISABILITIES AND SENIORS IN MIDDLE TENNESSEE WITH FUNDING BY MEDICAID WAIVERS, BOTH RESIDENTIAL AND DAY SUPPORTS ARE PROVIDED FOR ADULTS WITH INTELLECTUAL AND IN-HOME CARE FOR SENIORS.
PROGRESS, INC., IS A COMMUNITY BASED NON-PROFIT ORGANIZATION PROVIDING HOME-BASED SUPPORTS FOR PEOPLE WITH INTELLECTUAL DISABILITIES AND SENIORS IN MIDDLE TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Purcell President | Trustee | 1 | $0 |
Kurt Brinkman Director | Trustee | 1 | $0 |
Donna Blair Director | Trustee | 1 | $0 |
Brents Herron Director | Trustee | 1 | $0 |
Ken Page Director | Trustee | 1 | $0 |
Kelsey Freeland Director | Trustee | 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 | $255,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,155 |
| Total Program Service Revenue | $12,788,113 |
| Investment income | $59,775 |
| 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 | $13,104,225 |
| 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. | $250,126 |
| Compensation of current officers, directors, key employees. | $28,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,422,204 |
| Pension plan accruals and contributions | $78,729 |
| Other employee benefits | $983,993 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,058,080 |
| Advertising and promotion | $0 |
| Office expenses | $101,121 |
| Information technology | $47,595 |
| Royalties | $0 |
| Occupancy | $280,811 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,512 |
| Insurance | $125,968 |
| All other expenses | $265,627 |
| Total functional expenses | $12,526,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,166,471 |
| Savings and temporary cash investments | $993,218 |
| Pledges and grants receivable | $795,285 |
| Accounts receivable, net | $551,275 |
| 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 | $17,870 |
| Net Land, buildings, and equipment | $2,486,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,925 |
| Total assets | $7,371,672 |
| Accounts payable and accrued expenses | $720,283 |
| 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 | $404,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $696,270 |
| Total liabilities | $1,821,479 |
| Net assets without donor restrictions | $5,550,193 |
| 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 | $7,371,672 |