Progress Inc.
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615-399-3000
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319 Ezell Pike
Nashville, TN 37217
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2023

Fiscal Year End

06/30/2024

Projected Revenue

$12,273,133.00

Projected Expenses

$12,170,640.00

Organizational Budgets and Other Documents

Progress Inc. 2023-2024 Budget 2024
Progress Inc. 2022-2023 Budget 2023
Progress Inc. 2022 Budget 2022
Progress Inc. 2021 Budget 2021
Progress Inc. 2020 Budget 2020
Progress Inc. 2019 Budget 2019
Progress Inc. 2018 Budget 2018
Progress Inc. 2017 Budget 2017
Progress Inc. 2016 Budget 2016
Progress Inc. 2015 Budget 2015
Progress Inc. 2014 Budget 2014
Progress Inc. 2013 Budget 2013
Progress Inc. 2012 Budget 2012
Progress Inc. 2011 Budget 2011
progress inc. 2010 budget 2010
progress inc. 2009 budget 2009
progress inc. 2008 budget 2008
progress inc. 2007 budget 2007
progress inc. 2006 budget 2006

IRS Letter of Exemption

progress inc. irs ltr

Detailed Financials

Revenue and Expenses
Fiscal Year202320222021
Total Revenue $11,389,774.00$9,196,249.00
Total Expenses $10,599,395.00$9,227,846.00
Revenue Less Expenses ($-0.00)$790,379.00($31,597.00)

Revenue Sources
Fiscal Year202320222021
Foundation and Corporation Contributions $95,000.00$0.00
Government - Federal $0.00$0.00
Government - State $0.00$0.00
Government - Local $0.00$0.00
Government - Unspecified $0.00$0.00
Contributions, Gifts, and Grants $105,964.00$120,622.00
Indirect Public Support $0.00$0.00
Earned Revenue $11,174,121.00$9,075,589.00
Investment Income, Net of Losses $242.00$38.00
Membership Dues $0.00$0.00
Special Events $0.00$0.00
Revenue In-Kind $0.00$0.00
Other $14,447.00$0.00

Expense Allocation
Fiscal Year202320222021
Program Expense $9,088,529.00$7,856,760.00
Administration Expense $1,345,395.00$1,234,207.00
Fundraising Expense $165,471.00$136,879.00
Total Revenue/Total Expenses 107%100%
Program Expense/Total Expenses 86%85%
Fundraising Expense/Contributed Revenue 2%1%

Top Funding Sources
Fiscal Year202320222021
Top Funding Source & Dollar Amount $0.00Program Revenue
$11,174,121.00
Program Revenue
$9,075,589.00
Second Highest Funding Source & Dollar Amount $0.00Contributions, Gifts, and Grants
$105,964.00
Contributions, Gifts, and Grants
$120,622.00
Third Highest Funding Source & Dollar Amount $0.00Foundations and Corporations
$95,000.00
Investment Income
$38.00

Assets and Liabilities
Fiscal Year202320222021
Total Assets $6,116,091.00$5,252,057.00
Current Assets $3,569,758.00$2,546,283.00
Long-Term Liabilities $566,697.00$2,057,417.00
Current Liabilities $1,128,131.00$822,664.00
Total Net Assets $4,421,263.00$2,371,976.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$39,067.00

What is the spending policy for your endowment?

N/A

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2023

Solicitations Permit

Charitable Solicitations Permit

Form 990s

Progress, Inc. 2022 Form 990 2022
Progress, Inc. 2021 Form 990 2021
Progress, Inc. 2020 Form 990 2020
Progress, Inc. 2019 Form 990 2019
Progress, Inc. 2018 Form 990 2018
Progress, Inc. 2017 Form 990 2017
Progress, Inc. 2016 Form 990 2016
Progress, Inc. 2015 Form 990 2015
Progress, Inc. 2014 Form 990 2014
Progress, Inc. 2013 Form 990 2013
Progress, Inc. 2012 Form 990 2012
Progress, Inc. 2011 Form 990 2011
Progress, Inc. 2010 Form 990 2010
progress inc. 2009 990 2009
progress inc. 2008 990 2008
progress inc. 2007 990 2007
progress inc. 2006 990 2006
progress inc. 2005 990 2005
progress inc. 2004 990 2004
progress inc. 2004 990 2004

Audit Documents

Progress, Inc. 2022 Audit 2022
Progress, Inc. 2021 Audit 2021
Progress, Inc. 2020 Audit 2020
Progress Inc. 2019 Audit 2019
Progress, Inc. 2018 Audit 2018
Progress, Inc. 2017 Audit 2017
Progress, Inc. 2016 Audit 2016
Progress, Inc. 2015 Audit 2015
Progress Inc. 2014 Audit 2014
Progress Inc. 2013 Audit 2013
Progress Inc. 2012 Audit 2012
Progress Inc. 2011 Audit 2011
Progress Inc. 2010 Audit 2010
progress inc 2009 audit 2009
progress inc. 2008 audit 2008
progress inc. 2007 audit 2007
progress inc. 2006 audit 2006
progress inc. 2005 audit 2005

CEO/Executive Director/Board Comments


Revenue for Progress programs and services comes from governmental reimbursement in the form of fees paid to support people in their homes who have intellectual and/or physical disabilities or are seniors. (96% - Medicaid Waiver Funded Services, 2% -grants and donations, 2 % - other.) Progress has an Endowment Fund managed by the CFMT. We do not draw off the earnings, preferring they contribute to the growth of the fund. Progress faces different financial challenges each year. The gap between the cost of providing care and the Medicaid reimbursement remains significant. The most significant factor in terms of growing our business for people with intellectual disabilities has been the lack of growth in the Home and Community Based Waiver funded by CMS and state funds. We plan to continue to increase our senior services base from Medicaid only clients to include significant numbers of private pay clients.

Foundation Staff Comments


Financial figures taken from the 990. Schedule B removed to protect donor privacy. Financial documents prepared by Patterson, Hardee, and Ballentine PC. Comments provided by Nicole Rose 01/03/2023.