Overview
What is The Progress Club Foundation Inc?
The Progress Club Foundation Inc, situated in Rockville, Maryland, serves as a charitable organization dedicated to raising and distributing funds for various noble causes. With a strong emphasis on public welfare, they have contributed approximately $15,129 to numerous local charities, such as the National Children's Center, Tragedy Assistance for Survivors, Montgomery County, MD and DC Hospices, the Wounded Warrior Project, and Nourish Now, among others. Their mission is to collect and manage funds, which they then generously donate to a wide range of charitable organizations, enabling them to further their noble objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
The Progress Club Foundation Inc has received a positive evaluation with an 80% score, reflecting a solid commitment to accountability and finance. This score is derived solely from a single beacon score, which emphasizes the organization’s strong governance and financial health. Their accountability measures are robust, with a fully independent board and no material diversion of assets reported.
Strengths of the organization include a fully independent board composed of ten members, which indicates a well-structured governance framework. The organization also demonstrates transparency, as it documents board meeting minutes and has a comprehensive conflict of interest policy in place. Furthermore, with a program expense ratio of 100%, it effectively allocates all of its resources to its programs, ensuring that donations are utilized for their intended purpose.
While the organization has shown excellent financial health, with a liabilities to assets ratio of 0.00%, it is essential for potential supporters to consider that the rating is focused on limited criteria. Future evaluations may benefit from additional assessments of program impact and effectiveness to provide a more comprehensive picture of the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is The Progress Club Foundation Inc legitimate?
The Progress Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Progress Club Foundation 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of The Progress Club Foundation Inc?
The Progress Club Foundation Inc's mission is centered around receiving and managing funds for charitable purposes, with the ultimate goal of benefiting the public welfare. The organization utilizes these funds to make contributions to numerous charitable organizations, thereby aiding them in furthering their respective causes. Over the past year, the foundation has made charitable donations to various organizations, such as the Wounded Warrior Project, DC Hospice Center, Montgomery Hospice Casey House, Olney Boys and Girls Club, Leukemia & Lymphoma Society, and the National Children's Center, among others. The foundation continues to commit to donating to various charities.
Who is the CEO of The Progress Club Foundation Inc?
David Meyers is the Director of The Progress Club Foundation Inc.
What is the revenue of The Progress Club Foundation Inc?
The Progress Club Foundation Inc's revenue in 2021 was $70,415.
Who are the executives of The Progress Club Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Progress Club Foundation Inc?
The Progress Club Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Progress Club Foundation Inc
The Progress Club Foundation, a charitable organization, is committed to receiving and managing funds for benevolent purposes, ultimately contributing to public welfare. By leveraging these resources, it supports numerous charitable organizations in their pursuit of advancing their respective causes. Over the past year, The Progress Club Foundation has demonstrated its dedication by donating to various charities, such as the Wounded Warrior Project, DC Hospice Center, Montgomery Hospice Casey House, Olney Boys and Girls Club, Leukemia & Lymphoma Society, and the National Children's Center, to name a few. By continuing this practice, The Progress Club Foundation plays a vital role in amplifying the impact of these charities and contributing to the betterment of society as a whole.
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Impact
August, 2024
- The Progress Club Foundation Inc's impact includes contributing approximately $15,129 to various charities in the area, such as the National Children's Center, Tragedy Assistance for Survivors, Montgomery County, MD and DC Hospices, the Wounded Warrior Project, and Nourish Now.
- The organization's donations have supported causes related to human services, benefiting organizations like the Wounded Warrior Project, DC Hospice Center, Montgomery Hospice Casey House, Olney Boys and Girls Club, Leukemia & Lymphoma Society, and the National Children's Center, among others.
- Their mission to receive and administer funds for charitable purposes, all for the public welfare, underscores their commitment to making a positive impact in the community by supporting various charitable organizations.
This information is meant to be a general summary of The Progress Club Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $13,842
- Gross Receipts: $253,626
Assets and Liabilities:
- Total Assets: $386,681
- Total Liabilities: $0
- Net Assets: $386,681
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Organization Details
Founding Year
1979
Phone
(301) 468-1440Principal Officer
David Meyers
Main Address
1610 EAST JEFFERSON STREET, ROCKVILLE, MD, 20852
NTEE Category
Code: P99 - Human services
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