Overview
What is Progressive Multiplier Fund?
The Progressive Multiplier Fund is a nonprofit entity situated in Washington, D.C., specifically at 1802 Vernon St NW 1122. Its primary objective is to finance revenue generation projects for progressive organizations, thereby sharing the know-how gained through fundraising within the progressive movement. The organization's mission is to foster a progressive movement comprising everyday individuals. It achieves this by supporting charitable organizations in their community outreach efforts and aiding them in establishing, strengthening, or expanding individual giving and earned revenue programs. In essence, the Progressive Multiplier Fund aims to leverage funding to create opportunities for progressive organizations to grow and engage with their communities.
Official website here: www.progressivemultiplier.fund
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Progressive Multiplier Fund has achieved an impressive 97% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. This rating is significant as it suggests a high level of trustworthiness and effective governance, ensuring that donations are used efficiently and responsibly.
Key strengths of the organization include its fully independent board, exceptional financial oversight, and a robust program expense ratio of 74.62%. These aspects indicate a dedicated approach to fulfilling its mission while maintaining transparency and ethical standards. The organization also demonstrates strong fundraising efficiency, suggesting that it is effective in converting donations into programs and services.
While the rating is overwhelmingly positive, potential donors may want to consider that the overall score is based solely on the Accountability & Finance beacon. There may be other aspects of the organization's operations that are not captured in this score, but the available data clearly highlights the Progressive Multiplier Fund's outstanding financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Progressive Multiplier Fund legitimate?
Progressive Multiplier Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progressive Multiplier 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $419,719
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,411
For more financial information, click here
Official website here: www.progressivemultiplier.fund
What is the mission statement of Progressive Multiplier Fund?
The Progressive Multiplier Fund's mission is to aid charitable organizations in their community outreach and revenue generation efforts. They accomplish this by organizing and utilizing funding to establish entry points for progressive organizations to enhance, strengthen, or amplify their individual giving and earned revenue programs. By financing revenue generation projects for these organizations, the Progressive Multiplier Fund also shares the knowledge and insights gained within the progressive movement.
Official website here: www.progressivemultiplier.fund
What is the revenue of Progressive Multiplier Fund?
Progressive Multiplier Fund's revenue in 2024 was $2,970,295.
Official website here: www.progressivemultiplier.fund
Who are the executives of Progressive Multiplier Fund and what are their salaries?
The average compensation at Progressive Multiplier Fund during 2024 was $126,590. There are 7 employees and 5 volunteers at Progressive Multiplier Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $195,662
- Related: $0
- Other: $27,995
- Compensation: $152,625
- Related: $0
- Other: $13,597
Official website here: www.progressivemultiplier.fund
Where can I find the form 990 for Progressive Multiplier Fund?
Progressive Multiplier Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.progressivemultiplier.fund
Learn more at the official website: www.progressivemultiplier.fund
Mission Statement of Progressive Multiplier Fund
The Progressive Multiplier Fund, as an organization, is dedicated to assisting charitable entities in their community outreach and revenue generation endeavors. Its mission can be encapsulated as follows: The Progressive Multiplier Fund aims to foster a progressive movement that is driven by, for, and inclusive of everyday people. It achieves this by strategically organizing and distributing funds to empower progressive organizations, enabling them to initiate, strengthen, or expand their individual giving and revenue generation programs. In essence, the Fund serves as a financial backer for projects that aim to boost the revenue streams of progressive organizations, and in the process, shares the insights and knowledge it gains within this progressive movement.
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Impact
July, 2024
Progressive Multiplier Fund has a significant impact on the progressive movement by providing funding and resources to charitable organizations that are focused on community outreach and revenue generation. Through financing revenue generation projects and sharing fundraising knowledge within the progressive movement, the organization empowers these organizations to start, strengthen, or scale their individual giving and earned revenue programs. This support helps build a progressive movement that is inclusive and driven by everyday people, ultimately working towards creating positive change in society.
This information is meant to be a general summary of Progressive Multiplier 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 2024.
- Investment Income: $10,320
- Program Service Revenue: $30,000
- Gross Receipts: $2,970,295
Assets and Liabilities:
- Total Assets: $799,490
- Total Liabilities: $232,748
- Net Assets: $566,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract revenue
Revenue
$30,000
Organization Details
Founding Year
2018
Principal Officer
Bethany Maki
NTEE Category
Code: T21 - Philanthropy
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