EIN 26-2837637

Progeny Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2013
Most recent tax filings
2023-12-01
Description
Successfully funded youth basketball teams and provided athletic skill training and college mentoring and scouting opportunities while showing the importance of teamwork and leadership. Approximately ten students benefited from the programs. To provide high quality educational and development opportunities to middle school and high shool students through mentoring, physical and nutrition training, and sports.
Total revenues
$100,405
2023
Total expenses
$348,015
2023
Total assets
$8,959,947
2023
Num. employees
0
2023

Program areas at Progeny Foundation

Successfully funded youth basketball teams and provided athletic skill training and college mentoring and scouting opportunities while showing the importance of teamwork and leadership. Approximately ten students benefited from the programs.
Provide high quality educational and development opportunities tomiddle school and high shool students through mentoring, physical andnutrition training, and sports.
Investment in entity to generate income to use for charitable purposes
Investment in entity to generate income to use for charitable purposes
Investment in entity to generate income to use for charitable purposes
Investment in entity to generate income to use for charitable purposes
Investment in entity to generate income to use for charitable purposes
Investment in entity to generate income to use for charitable purposes

Who funds Progeny Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$50,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$35,000

Personnel at Progeny Foundation

NameTitleCompensation
David DermVice Chair and President$0

Financials for Progeny Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$27,200
Investment income and dividends$133,304
Net rental income$0
Net gain from sale of non-inventory assets$32,991
Gross sales of inventory$0
Miscellaneous revenues$-93,090
Total revenues$100,405

Form 990s for Progeny Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-11-13990View PDF
2020-122021-11-11990EZView PDF
2019-122021-05-18990EZView PDF
...and 8 more Form 990s
Data update history
January 11, 2025
Used new vendors
Identified 1 new vendor, including
January 5, 2024
Posted financials
Added Form 990PF for fiscal year 2022
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Hamilton County Community Foundation (CICF)
December 25, 2023
Used new vendors
Identified 1 new vendor, including
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsYouth development programsCharities
Issues
Human servicesChildren
Characteristics
Provides grantsPartially liquidatedState / local levelFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
2206 Beach Ave
Indianapolis, IN 46240
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
progenyfoundation.org/ 
Phone
(317) 259-4958
IRS details
EIN
26-2837637
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
O50: Youth Development Programs, Other
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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