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← PROGRESSIVE MULTIPLIER ACTION FUND

Form 990 for tax year 2022

Filed by PROGRESSIVE MULTIPLIER ACTION FUND.

Totals

Total revenue
$259,834
Total expenses
$277,284
Contributions and grants received
$127,533
Grants paid
$35,200
Program service revenue
$131,532
Investment income
$769
Other revenue
$0
Total assets, end of year
$178,138
Total liabilities, end of year
$18,723
Net assets or fund balances, end of year
$159,415
Program services expenses (Part IX)
$165,730
Management and general expenses
$66,193
Fundraising expenses
$45,361
Program service expenses (Part III)
$165,730

Program services were 59.8% 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

    $127,533

  • 2a · Program service revenue: Consulting revenue

    total $131,532 · related or exempt $131,532

  • 3 · Investment income

    total $769 · excluded $769

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,200 · program services $35,200

  • 7 · Other salaries and wages

    total $122,674 · program services $70,115 · management and general $20,737 · fundraising $31,822

  • 8 · Pension plan contributions

    total $1,202 · program services $674 · management and general $216 · fundraising $312

  • 9 · Other employee benefits

    total $16,164 · program services $9,063 · management and general $2,908 · fundraising $4,193

  • 10 · Payroll taxes

    total $8,784 · program services $4,925 · management and general $1,580 · fundraising $2,279

  • 11b · Fees: legal

    total $2,969 · program services $1,665 · management and general $534 · fundraising $770

  • 11c · Fees: accounting

    total $35,695 · management and general $35,695

  • 11g · Fees: other

    total $36,354 · program services $32,718 · management and general $1,818 · fundraising $1,818

  • 12 · Advertising and promotion

    total $166 · program services $158 · fundraising $8

  • 13 · Office expenses

    total $783 · program services $440 · management and general $140 · fundraising $203

  • 14 · Information technology

    total $6,836 · program services $3,833 · management and general $1,230 · fundraising $1,773

  • 16 · Occupancy

    total $166 · program services $93 · management and general $30 · fundraising $43

  • 19 · Conferences, conventions and meetings

    total $961 · program services $20 · management and general $20 · fundraising $921

  • 23 · Insurance

    total $1,746 · program services $979 · management and general $314 · fundraising $453

  • 24a · Other expenses: Program expenses

    total $4,192 · program services $4,192

  • 24b · Other expenses: Dues and subscriptions

    total $1,993 · program services $1,117 · management and general $359 · fundraising $517

  • 24c · Other expenses: Employee training

    total $960 · program services $538 · management and general $173 · fundraising $249

  • 24d · Other expenses: Other Expenses

    total $439 · management and general $439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,497 · end of year $102,811

  • 2 · Savings and temporary cash investments

    beginning of year $84,345 · end of year $75,327

  • 4 · Accounts receivable

    beginning of year $6,667

  • 15 · Other assets

    beginning of year $778 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,888

  • 25 · Other liabilities

    beginning of year $1,534 · end of year $18,723

  • 27 · Net assets without donor restrictions

    beginning of year $170,615 · end of year $151,082

  • 28 · Net assets with donor restrictions

    beginning of year $6,250 · end of year $8,333

Mission and programs · 2022

Mission

To assist non-profit organizations working on issues of immigrant rights, LGBTQ issues, and racial, social, and economic justice address lack of capacity or staff to focus on scalable revenue or to take advantage of increased interest in their critical work.

Activities or mission (Part I)

Promotion of social welfare. See Part III and Schedule O

  • Financing revenue generation projects for Progressive Organizations and sharing fundraising knowledge gained with these Organizations within the Progressive Movement.

    Expenses $165,730 · Grants $35,200 · Revenue $131,532

As filed on the 2022 return.

Listed in Part VII

  • Margaret Huang

    Board 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

  • Prentiss Haney

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • 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
    $0
    From related orgs
    $181,947
    Other
    $12,059
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

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

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

None.

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

  • Imagine Black

    $11,025

    Subgrant issued for support of independent revenue generation project

  • One America Votes

    $10,000

    Subgrant issued for support of independent revenue generation project

  • NAYA Action Fund

    $7,875

    Subgrant issued for support of independent revenue generation project

  • United Oregan Action

    $6,300

    Subgrant issued for support of independent revenue generation project

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 · 100% owned · share of income $262,367 · share of assets $153,307

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202441079349300734

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