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Progress Trust Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 233017662 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Progress Trust Inc?

Progress Trust Inc, situated in Philadelphia, Pennsylvania, is a dedicated nonprofit organization that focuses on urban development. Their primary mission revolves around economic development, aiming to stimulate growth and prosperity in the city and its surrounding areas. The organization's activities are centered around this mission, contributing to the overall economic well-being of the community.


Official website here: www.sullivanprogressplaza.com

Is Progress Trust Inc legitimate?

Progress Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progress Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sullivanprogressplaza.com

What is the mission statement of Progress Trust Inc?

Progress Trust Inc, as an urban development organization, is dedicated to promoting economic development. Their mission is centered around stimulating economic growth and improvement in the relevant communities they serve. By pursuing this goal, Progress Trust Inc aims to contribute to the overall economic well-being and progress of the areas they operate in. Their activities likely encompass initiatives that foster business growth, create job opportunities, and encourage sustainable development.


Official website here: www.sullivanprogressplaza.com

Who is the CEO of Progress Trust Inc?

Lawrence Spruel is the President & Ceo of Progress Trust Inc. The CEO's salary of Progress Trust Inc is $30,000 and their total compensation is $30,000.


Official website here: www.sullivanprogressplaza.com

What is the revenue of Progress Trust Inc?

Progress Trust Inc's revenue in 2021 was $948,909.


Official website here: www.sullivanprogressplaza.com

Who are the executives of Progress Trust Inc and what are their salaries?

Here are 8 key members and their salaries (Progress Trust Inc's CEO's salary is $30,000 and their total compensation is $30,000):

    Wendall R Whitlock (President & Ceo)
  • Compensation: $30,000
  • Related: $0
  • Other: $0

    • Cynthia Fullenwellen (Secretary)
  • Compensation: $25,194
  • Related: $0
  • Other: $0

    • Lawrence S Spruel Jr (Treasurer)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Anthony Johnson Sr (Bd Member)
  • Compensation: $2,500
  • Related: $0
  • Other: $0

    • Aaron Smith (Bd. Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daryl Debrest (Bd Member & Facilities Mngr)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kerri Conner Matchett (Bd Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shannon Harris-Quick (Bd Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sullivanprogressplaza.com

    Where can I find the form 990 for Progress Trust Inc?

    The Progress Trust Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.sullivanprogressplaza.com

    Learn more at the official website: www.sullivanprogressplaza.com

    Mission Statement of Progress Trust Inc

    Progress Trust Inc, as an urban development organization, is dedicated to achieving economic growth. Their mission, in simple terms, is to stimulate and foster economic development. By taking on this role, Progress Trust Inc aims to contribute positively to the economic landscape, potentially driving progress and prosperity in various communities.

    Impact

    This information is meant to be a general summary of Progress Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Progress Trust Inc has had a significant impact on the community in Philadelphia, PA through its efforts in economic development. By focusing on urban development initiatives, Progress Trust has played a key role in fostering economic growth and improving the quality of life for residents in the city. Through its mission-centered approach, Progress Trust has been able to drive positive change and contribute to the overall wellbeing of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $27
  • Program Service Revenue: $9,128
  • Gross Receipts: $1,244,586

    • Assets and Liabilities:
  • Total Assets: $9,386,361
  • Total Liabilities: $8,147,847
  • Net Assets: $1,238,514
  • Organization Details

    Founding Year

    1999

    Principal Officer

    Lawrence Spruel

    Main Address

    1501 N Broad Street, Philadelphia, PA, 19122

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Progress Trust Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.