Overview
What is Progressive Enterprise Develop C/O Lake Cumberland Comm Action?
Progressive Enterprise Develop, or simply Progressive Enterprise, is a nonprofit organization based in Jamestown, Kentucky, with a mission to enhance the local economy and provide support services. It aims to facilitate the provision and delivery of assistance programs to senior citizens, economically disadvantaged groups, and individuals. To accomplish this, the organization provides necessary structural facilities, such as offices, conference rooms, administrative spaces, and various other resources, primarily for Lake Cumberland Community Action Agency, Inc. These facilities are essential in administering and delivering these support services effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
Progressive Enterprise Develop has received a low rating from Charity Navigator, indicating significant concerns regarding its financial management and program expenses. While the organization demonstrates strong governance with a fully independent board and effective policies in place to avoid conflicts of interest, it has a troubling Program Expense Ratio of 0.00%, suggesting that it may not be allocating any of its resources towards its intended programs.
Additionally, the organization has a very low Liabilities to Assets Ratio of 0.01%, which raises questions about its overall financial health and sustainability. Although certain governance aspects are well-managed, the lack of program expenses points to a potential failure in fulfilling its mission effectively.
Overall, while the governance practices of Progressive Enterprise Develop show promise, the financial performance metrics highlight significant limitations that could affect its ability to make a meaningful impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Progressive Enterprise Develop C/O Lake Cumberland Comm Action legitimate?
Progressive Enterprise Develop C/O Lake Cumberland Comm Action is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progressive Enterprise Develop C/O Lake Cumberland Comm Action 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Progressive Enterprise Develop C/O Lake Cumberland Comm Action?
The mission of Progressive Enterprise Develop, serving as a subsidiary for Lake Cumberland Community Action, is primarily focused on enhancing the economy and providing assistance to disadvantaged groups. This organization aims to facilitate the delivery of service programs designed to aid senior citizens and economically deprived individuals. To accomplish this, they work towards providing necessary infrastructure, such as offices, conference rooms, and administrative facilities. Their objective is to generally support the administration and delivery of services, contributing to the betterment of their community.
Who is the CEO of Progressive Enterprise Develop C/O Lake Cumberland Comm Action?
Hon Terry K Lawless is the Chairman of Progressive Enterprise Develop C/O Lake Cumberland Comm Action.
What is the revenue of Progressive Enterprise Develop C/O Lake Cumberland Comm Action?
Progressive Enterprise Develop C/O Lake Cumberland Comm Action's revenue in 2023 was $48,773.
Who are the executives of Progressive Enterprise Develop C/O Lake Cumberland Comm Action and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Progressive Enterprise Develop C/O Lake Cumberland Comm Action?
Progressive Enterprise Develop C/O Lake Cumberland Comm Action's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Progressive Enterprise Develop C/O Lake Cumberland Comm Action
Progressive Enterprise Develop C/O Lake Cumberland Comm Action is a nonprofit organization with a primary mission to stimulate economic growth in its community and facilitate the delivery of services to senior citizens, economically disadvantaged groups, and individuals. To achieve these objectives, the organization strives to provide essential infrastructure, such as offices, conference rooms, and administrative facilities. By doing so, they aim to support Lake Cumberland Community Action Agency, Inc., in administering and delivering various programs designed to assist those in need. This nonprofit's purpose is to promote overall well-being and development within its community, focusing on the betterment of its most vulnerable members.
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Impact
August, 2024
Progressive Enterprise Develop C/O Lake Cumberland Comm Action impacts the Jamestown, KY community by promoting economic development and providing service programs to assist senior citizens, economically deprived groups, and individuals. By facilitating the provision and delivery of these services, the organization contributes to the overall well-being and welfare of the community. Additionally, it seeks to provide necessary facilities and resources to support the Lake Cumberland Community Action Agency, Inc. This work helps to improve the quality of life for residents and foster positive growth within Jamestown.
This information is meant to be a general summary of Progressive Enterprise Develop C/O Lake Cumberland Comm Action. 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: $100,611
Assets and Liabilities:
- Total Assets: $1,213,603
- Total Liabilities: $199
- Net Assets: $1,213,404
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Organization Details
Founding Year
2011
Phone
(800) 928-6382Principal Officer
Hon Terry K Lawless
Main Address
PO BOX 830, JAMESTOWN, KY, 42629
NTEE Category
Code: S20 - Community improvement
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