Prog Holdings Foundation Inc
- Assets
- $500.4k
- Revenue
- $501.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Draper, UT
- Founding
- Data as of
- 12/2022
- EIN
- 87-3802324
Organization Overview
Prog Holdings Foundation Inc is located in Draper, UT. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prog Holdings Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROG HOLDINGS FOUNDATION CONTINUES TO WORK CLOSELY WITH COMMUNITY STAKEHOLDERS IN THE GREATER WEST VALLEY CITY TO IDENTIFY ACTIVITIES AND RESOURCES TO PROVIDE A BREAK FROM BARRIERS TO OPPORTUNITY IN THE COMMUNITY. WE CONTINUE BUILDING THE PROG DEVELOPMENT CENTER AND NAVIGATING A COMMUNITY-BASED PARTICIPATORY PROCESS, ENGAGING OUR YOUTH ADVISORY AND STEERING COUNCILS, AND ENGAGING WITH CROSS-SECTOR PARTNERS TO CO-DESIGNING PROGRAMS TO SERVE AN URBAN CENTER OF UTAH THAT WILL PROVIDE THE YOUTH THE ABILITY TO ENHANCE SOCIO-ECONOMIC OPPORTUNITY. THE FOUNDATION HAS RECENTLY STARTED GRANTING FUNDS TO ORGANIZATIONS RECOGNIZED BY THE IRS AS ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THAT SUPPORTS OUR MISSION: DEVELOP THE PEOPLE AND RESOURCES NECESSARY TO LEVEL THE PLAYING FIELD THROUGH TECHNOLOGY, EDUCATION, AND DEVELOPMENT THAT ENHANCES SOCIO-ECONOMIC OPPORTUNITY. PROG HOLDINGS DONATED 299,678 OF EMPLOYEE TIME AND OTHER SERVICES TO THE FOUNDATION AND HAS ALSO
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Michaels Chairman | 0.1 | $0 | |
Brian Garner Treasurer | 0.1 | $0 | |
Curt Doman Director | 0.1 | $0 | |
Debra Fiori Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $501,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $604 |
| Total operating and administrative expenses | $1,158 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,396 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $500,396 |
| Accounts payable and accrued expenses | $554 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $554 |