Overview
What is Detroit Progress Fund?
Detroit Progress Fund is a nonprofit organization situated in Detroit, Michigan. Its primary mission is to aid the City of Detroit's turnaround by supporting the Mayor's office with necessary expenditures that are not covered in the city budget. The organization's board reviews and approves each disbursement to ensure consistency with its policies. The Detroit Progress Fund also pursues social welfare purposes as permitted by law, beyond promoting the city's turnaround. The organization's activities are geared towards supporting the agenda of the Mayor of Detroit City.
Official website here: www.detroitprogressfund.com
Is Detroit Progress Fund legitimate?
Detroit Progress Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. Detroit Progress Fund 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.
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Official website here: www.detroitprogressfund.com
What is the mission statement of Detroit Progress Fund?
The Detroit Progress Fund is dedicated to promoting the city of Detroit's turnaround and supporting initiatives aligned with the mayor's agenda. The organization's mission is to contribute to the city's improvement by assisting the mayor's office with necessary expenditures that are not covered in the city budget. Each disbursement made by the fund undergoes a review and approval process by its board to ensure consistency with its policies. The Detroit Progress Fund's primary objective is to contribute to the betterment of the city of Detroit.
Official website here: www.detroitprogressfund.com
What is the revenue of Detroit Progress Fund?
Detroit Progress Fund's revenue in 2023 was $469,381.
Official website here: www.detroitprogressfund.com
Who are the executives of Detroit Progress Fund and what are their salaries?
There 3 volunteers at Detroit Progress Fund.
Here are 5 key members and their salaries:
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Official website here: www.detroitprogressfund.com
Where can I find the form 990 for Detroit Progress Fund?
Detroit Progress Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.detroitprogressfund.com
Learn more at the official website: www.detroitprogressfund.com
Mission Statement of Detroit Progress Fund
Detroit Progress Fund, a nonprofit organization, is committed to promoting the city of Detroit's turnaround and supporting the agenda of its mayor. In line with this mission, the Detroit Progress Fund aids the Office of the Mayor by covering expenditures essential for city operations. These expenses, however, may not be included in the city budget. The board of Detroit Progress Fund reviews and approves each disbursement to ensure it aligns with their policies, thereby contributing to the city's turnaround efforts.
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Impact
October, 2024
The Detroit Progress Fund plays a crucial role in the revitalization of Detroit by providing essential financial support that addresses gaps in the city's budget. By assisting the office of the mayor, it enables the implementation of vital initiatives that contribute to the city's turnaround. Each disbursement is meticulously reviewed and approved to ensure alignment with established policies, thus maximizing the impact of every dollar allocated. This proactive approach not only facilitates day-to-day business operations for the city but also underlines a commitment to social welfare and the ongoing recovery efforts tailored to enhance the quality of life for Detroit residents. Through its activities, the Detroit Progress Fund strengthens the city's infrastructure and governance, ultimately fostering a more sustainable and prosperous community.
This information is meant to be a general summary of Detroit Progress Fund. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $469,381
Assets and Liabilities:
- Total Assets: $75,311
- Total Liabilities: $864
- Net Assets: $74,447
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Organization Details
Founding Year
2014
Principal Officer
Jonathan Quarles
Website
www.detroitprogressfund.comNTEE Category
Code: Z99 - Unknown
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