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California Progress Inc

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

EIN: 431512374 ✦ California, MO ✦ Designated as a 501(c)(3)

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Overview

What is California Progress Inc?

California Progress Inc is a nonprofit organization situated in California, Missouri, dedicated to fostering and promoting community economic development. Their primary initiative involves managing a revolving loan program, which approves necessary improvements for buildings within the area, supported by the Missouri Economic Development Neighborhood Assistance Program. This program aims to stimulate economic growth and uplift the community.

Is California Progress Inc legitimate?

California Progress Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Progress Inc submitted a form 990EZ, 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.

What is the mission statement of California Progress Inc?

California Progress Inc's mission is centered around fostering community economic development. They actively encourage and promote this growth, acting as a coordinating body. Their primary tool is a revolving loan program, which approves necessary improvements for buildings within their jurisdiction, facilitated through the Missouri Economic Development Neighborhood Assistance Program. This program aims to enhance the overall economic vitality and development of the community.

Who is the CEO of California Progress Inc?

Jeff Korte is the President of California Progress Inc.

What is the revenue of California Progress Inc?

California Progress Inc's revenue in 2023 was $34,690.

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


Here are 10 key members and their salaries:


Susan Hodges (Executive Direc)
  • Compensation: $9,150
  • Related: $0
  • Other: $0
Heather Fletcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Staton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Abernathy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Holtsclaw (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Rollins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Korte (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ann Wasser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for California Progress Inc?

California Progress Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of California Progress Inc

California Progress Inc, as a nonprofit organization, is committed to fostering and advancing community economic development. Their primary mission involves encouraging, promoting, and overseeing this development within California, Missouri. To achieve this, they operate a unique revolving loan program. This program provides financial aid for improvements to buildings within the designated area, utilizing the state of Missouri's Economic Development Neighborhood Assistance Program as a resource. By offering these loans, California Progress Inc plays a crucial role in stimulating growth and development within the community.

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Impact




August, 2024

California Progress Inc's impact is significant in the community of California, Missouri. By encouraging, promoting, and coordinating economic development in the area, they play a crucial role in driving progress and growth. Through their revolving loan program, they facilitate improvements for buildings in the region, enhancing the overall infrastructure and aesthetics of the community. This initiative not only benefits existing businesses and property owners but also contributes to the revitalization and economic prosperity of California, Missouri.




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


Financials

This financial information is from Propublica.

Revenue
$34,690 (2023)
Expenses
$22,686 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $20
  • Gross Receipts: $46,197

Assets and Liabilities:

  • Total Assets: $119,009
  • Total Liabilities: $259
  • Net Assets: $118,750

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Organization Details

Principal Officer

Jeff Korte

Main Address

PO BOX 42, CALIFORNIA, MO, 65018

NTEE Category

Code: S41Z - Community improvement

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