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← PROGRESSIVE MULTIPLIER FUND

Form 990 for tax year 2022

Filed by PROGRESSIVE MULTIPLIER FUND.

Totals

Total revenue
$2,601,360
Total expenses
$1,857,149
Contributions and grants received
$2,594,480
Grants paid
$1,128,020
Program service revenue
$0
Investment income
$4,139
Other revenue
$2,741
Total assets, end of year
$1,325,366
Total liabilities, end of year
$14,413
Net assets or fund balances, end of year
$1,310,953
Program services expenses (Part IX)
$1,523,443
Management and general expenses
$161,733
Fundraising expenses
$171,973
Program service expenses (Part III)
$1,523,443

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,594,480

  • 3 · Investment income

    total $4,139 · excluded $4,139

  • 11a · Other revenue: Other income

    total $2,741 · excluded $2,741

  • 11e · Other revenue, total

    $2,741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,128,020 · program services $1,128,020

  • 5 · Compensation of officers, directors and key employees

    total $217,684 · program services $124,064 · management and general $37,155 · fundraising $56,465

  • 7 · Other salaries and wages

    total $287,132 · program services $163,645 · management and general $49,008 · fundraising $74,479

  • 9 · Other employee benefits

    total $58,415 · program services $33,293 · management and general $9,971 · fundraising $15,151

  • 10 · Payroll taxes

    total $36,345 · program services $20,714 · management and general $6,203 · fundraising $9,428

  • 11b · Fees: legal

    total $4,619 · program services $2,590 · management and general $831 · fundraising $1,198

  • 11c · Fees: accounting

    total $51,795 · management and general $51,795

  • 11g · Fees: other

    total $27,200 · program services $25,840 · fundraising $1,360

  • 12 · Advertising and promotion

    total $823 · program services $741 · management and general $41 · fundraising $41

  • 13 · Office expenses

    total $31,358 · program services $17,101 · management and general $5,514 · fundraising $8,743

  • 16 · Occupancy

    total $763 · program services $428 · management and general $137 · fundraising $198

  • 19 · Conferences, conventions and meetings

    total $7,003 · program services $3,647 · fundraising $3,356

  • 23 · Insurance

    total $5,992 · program services $3,360 · management and general $1,078 · fundraising $1,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,665 · end of year $866,604

  • 2 · Savings and temporary cash investments

    beginning of year $494,365 · end of year $375,662

  • 3 · Pledges and grants receivable

    end of year $45,000

  • 4 · Accounts receivable

    beginning of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,198 · end of year $5,400

  • 15 · Other assets

    beginning of year $3,262 · end of year $32,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,970 · end of year $14,413

  • 18 · Grants payable

    beginning of year $210,000

  • 25 · Other liabilities

    beginning of year $778 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$147,425 · end of year $161,126

  • 28 · Net assets with donor restrictions

    beginning of year $714,167 · end of year $1,149,827

Mission and programs · 2022

Mission

We help organizations build a progressive movement of, by, and for everyday people. We do this by organizing and leveraging funding to create onramps for progressive organizations to start, strengthen or scale individual giving and earned revenue programs.

Activities or mission (Part I)

Supporting charitable organizations to do community outreach & revenue generation.

  • Financing revenue generation projects for progressive organizations, and in turn, shares fundraising knowledge gained within the progressive movement.

    Expenses $1,523,443 · Grants $1,128,020

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lea Madry

    Co-Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Margaret Huang

    Co-Chair

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Vanessa Pierce

    Board Member

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Secky fascione

    Board Member

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Jen Matheson

    Board Member

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Bethany Maki

    Executive Director

    Total calculated
    $194,006
    From this org
    $181,947
    From related orgs
    $0
    Other
    $12,059
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $178,732
    Bonus
    $0
    Other
    $3,215
    Deferred
    $0
    Nontaxable benefits
    $12,059
    Filer's total
    $194,006

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Multiplier Effect LLC

    C · Consulting · DC

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202401079349300125

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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