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EIN 31-1598881

The Progress Fund

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Greensburg
State
Pennsylvania
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Progress Fund is a non-profit organization that provides loans to promote historic preservation and community economic revitalization. Its mission is to raise and lend funds for community development in Greensburg, PA.
Total revenues
$4,527,484
2023
Total expenses
$1,541,529
2023
Total assets
$61,676,088
2023
Num. employees
5
2023

Program areas at The Progress Fund

Promote historic preservation and compatible community and economic revitalization by making loans

Who funds The Progress Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Allegheny FoundationProject Support$500,000
The Heinz EndowmentsTo Support the Renovation of A Historic, Vacant Brewery Building Into A Multi-Tenant Craft Beer Production Facility and Food and Entertainment Destination in Hazelwood, Adjacent To Hazelwood Green$500,000
Pennsylvania Cdfi Network$232,941
...and 4 more grants received

Personnel at The Progress Fund

NameTitleCompensation
David KahleyPresident and Chief Executive Officer$209,172
Karen PostTreasurer and Chief Financial Officer$174,720
Jared GorentzVice Chairman$0
James ButlerSecretary$0
R John DawesChairman$0
...and 4 more key personnel

Financials for The Progress Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,633,333
Program services$1,274,389
Investment income and dividends$555,385
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$58,016
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,361
Total revenues$4,527,484

Form 990s for The Progress Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-03-04990View PDF
2022-122023-03-13990View PDF
2021-122022-02-28990View PDF
2020-122021-05-20990View PDF
2019-122020-08-27990View PDF
...and 9 more Form 990s

Organizations like The Progress Fund

OrganizationLocationRevenue
MoFiMissoula, MT$20,160,998
South Carolina Community Loan FundCharleston, SC$3,563,181
Craft3Astoria, OR$19,219,259
Charter Schools Development Corporation (CSDC)Hanover, MD$12,551,339
Common CapitalSpringfield, MA$1,556,130
California FarmlinkAptos, CA$3,481,187
Dakota ResourcesRenner, SD$2,438,799
Chicago Community Loan Fund (CCLF)Chicago, IL$14,555,763
Seattle Economic Development Fund Business Impact NWTukwila, WA$9,619,486
Cook Inlet Lending CenterAnchorage, AK$2,983,120
Data update history
January 3, 2024
Received grants
Identified 5 new grant, including a grant for $500,000 from Allegheny Foundation
December 24, 2023
Received grants
Identified 4 new grant, including a grant for $350,000 from Richard King Mellon Foundation
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 1 new personnel
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsCommunity Development Financial InstitutionsCharities
Issues
EducationCommunity improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
425 W Pittsburgh St
Greensburg, PA 15601
Metro area
Pittsburgh, PA
Website URL
progressfund.org/ 
Phone
(724) 216-9160
IRS details
EIN
31-1598881
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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