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EIN 23-3017662

Progress Trust

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Philadelphia
State
Pennsylvania
Year formed
1999
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Progress Trust serves as an economic development engine, revitalizing the Progress plaza property and providing greater social and economic empowerment to Philadelphia residents.
Total revenues
$1,205,829
2023
Total expenses
$1,046,134
2023
Total assets
$8,790,247
2023
Num. employees
3
2023

Program areas at Progress Trust

Our mission is to serve as an economic development engine that will revitalize the Progress plaza property, providing greater social and economic empowerment to the residents of phladelphia.

Personnel at Progress Trust

NameTitleCompensation
Daryl DebrestPresident and Chief Executive Officer$3,500
Anthony JohnsonBD Member and Director Operations$0
Lawrence S SpruelVice President and Treasurer$5,250
Cynthia FullenwellenSecretary / Board Member$25,194
Jewell Antonie-JohnsonVice President and Chief Administration Officer / Board Member$0
...and 6 more key personnel

Financials for Progress Trust

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$373,061
Investment income and dividends$1,046
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$831,722
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$0
Total revenues$1,205,829

Form 990s for Progress Trust

Fiscal year endingDate received by IRSFormPDF link
2023-062024-08-02990View PDF
2022-062024-04-03990View PDF
2021-062022-05-14990View PDF
2020-062021-05-11990View PDF
2019-062021-01-28990View PDF
...and 9 more Form 990s
Data update history
September 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 2, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsReal estate organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donations
General information
Address
1501 N Broad St
Philadelphia, PA 19122
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Phone
(215) 232-7070
IRS details
EIN
23-3017662
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
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