Progressive Multiplier Action Fund
- Assets
- $205.3k
- Revenue
- $213.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 06/2022
- EIN
- 83-3190176
Organization Overview
Progressive Multiplier Action Fund is located in Washington, DC. According to its NTEE Classification (R19) the organization is classified as: Support N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progressive Multiplier Action Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Progressive Multiplier Action Fund generated $213.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $201.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Progressive Multiplier Action Fund has awarded 59 individual grants totaling $1,404,444. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF SOCIAL WELFARE. SEE PART III AND SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCING REVENUE GENERATION PROJECTS FOR PROGRESSIVE ORGANIZATIONS AND SHARING FUNDRAISING KNOWLEDGE GAINED WITH THESE ORGANIZATIONS WITHIN THE PROGRESSIVE MOVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Pierce Chair | OfficerTrustee | 0.1 | $0 |
Margaret Huang Treasurer | OfficerTrustee | 0.1 | $0 |
Secky Fascione Secretary | OfficerTrustee | 0.1 | $0 |
Philip D Radford Executive Director | Officer | 20 | $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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $115,000 |
| Investment income | $140 |
| 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 | $213,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $98,456 |
| Fees for services: Legal | $1,246 |
| Fees for services: Accounting | $37,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,506 |
| Advertising and promotion | $1,114 |
| Office expenses | $12,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $510 |
| All other expenses | $0 |
| Total functional expenses | $201,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,497 |
| Savings and temporary cash investments | $84,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778 |
| Total assets | $205,287 |
| Accounts payable and accrued expenses | $26,888 |
| 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 | $1,534 |
| Total liabilities | $28,422 |
| Net assets without donor restrictions | $170,615 |
| Net assets with donor restrictions | $6,250 |
| 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 | $205,287 |
Grants Awarded
Over the last fiscal year, Progressive Multiplier Action Fund has awarded $80,594 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT AND IMPLEMENTATION OF FUNDRAISING CAPACITY BUILDING PROJECT | $30,594 |
MARKED BY COVID PURPOSE: DONOR ACQUISITION AND RETENTION OWNED AND PAID MEDIA PROGRAM | $25,000 |
Minneapolis, MN PURPOSE: DONOR CONVERSION THROUGH WEALTH SCREENING PROJECT / PIVOT TO ALUMNI CONVERSION TO DONOR | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Progressive Multiplier Action Fund has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The David Rockefeller Fund Inc New York, NY PURPOSE: PROGRESSIVE STIMULUS PROJECT - HELPS PROGRESSIVE NONPROFIT GROUPS IMPLEMENT AND SCALE REVENUE GENERATION TECHNIQUES TO REINFORCE THEIR BUDGETS AND SUPPORT MISSION DELIVERY | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leadership Center For Attorney General Studies Washington, DC | $829,634 | $919,891 |
Tis To Inspire Strong African Children Fund Inc Washington, DC | $327,255 | $1,675,203 |
Talking With America Alexandria, VA | $119,020 | $486,600 |
Southern Transitional Council Us Ltd Washington, DC | $9,121 | $419,949 |
Progressive Multiplier Action Fund Washington, DC | $205,287 | $213,590 |
Safe Bars Inc Takoma Park, MD | $78,012 | $0 |
Center For Taxpayer Rights Washington, DC | $169,936 | $171,808 |
Mt Training Academy Inc Springfield, VA | $92,149 | $0 |
Women Legislators Of Maryland Foundation Inc Annapolis, MD | $94,769 | $0 |