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← PROGRESS UNITY FUND

Form 990 for tax year 2023

Filed by PROGRESS UNITY FUND.

Totals

Total revenue
$797,594
Total expenses
$472,702
Contributions and grants received
$711,242
Grants paid
$54,500
Program service revenue
$0
Investment income
$25,738
Other revenue
$60,614
Total assets, end of year
$2,337,221
Total liabilities, end of year
$110,144
Net assets or fund balances, end of year
$2,227,077
Program services expenses (Part IX)
$450,442
Management and general expenses
$9,462
Fundraising expenses
$12,798
Program service expenses (Part III)
$450,442

Program services were 95.3% 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

    $711,242

  • 3 · Investment income

    total $25,738 · related or exempt $25,738

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Fire Insurance Proceeds

    total $22,288 · excluded $22,288

  • 11b · Other revenue: Rental Reimbursements

    total $11,250 · excluded $11,250

  • 11c · Other revenue: Security Market Fluctuation

    total $27,076 · excluded $27,076

  • 11e · Other revenue, total

    $60,614

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,500 · program services $54,500

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $40,000 · program services $40,000

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $3,305 · program services $3,305

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,023 · program services $1,618 · management and general $203 · fundraising $202

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,667 · program services $6,667

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $32,952 · program services $26,362 · management and general $3,295 · fundraising $3,295

  • 17 · Travel

    total $4,224 · program services $3,379 · management and general $423 · fundraising $422

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,551 · program services $2,041 · management and general $255 · fundraising $255

  • 23 · Insurance

    total $1,285 · program services $1,028 · management and general $129 · fundraising $128

  • 24a · Other expenses: ANSWER Events

    total $232,244 · program services $232,244

  • 24b · Other expenses: Video Education Project

    total $34,318 · program services $34,318

  • 24c · Other expenses: Fire Damage

    total $22,891 · program services $18,313 · management and general $2,289 · fundraising $2,289

  • 24d · Other expenses: Merchant Card Fees

    total $11,703 · program services $9,362 · management and general $1,171 · fundraising $1,170

  • 24e · All other expenses

    total $24,039 · program services $17,305 · management and general $1,697 · fundraising $5,037

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,250 · end of year $87,480

  • 2 · Savings and temporary cash investments

    beginning of year $1,637,444 · end of year $1,493,076

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $20,428

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $12,083 · end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,667 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $26,016

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,117

  • 10c · Land, buildings and equipment, net

    beginning of year $2,235 · end of year $11,899

  • 11 · Investments: publicly traded securities

    beginning of year $137,103 · end of year $721,368

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $470 · end of year $2,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,817 · end of year $5,794

  • 19 · Deferred revenue

    beginning of year $1,250 · end of year $104,350

  • 27 · Net assets without donor restrictions

    beginning of year $1,902,185 · end of year $2,227,077

Mission and programs · 2023

Mission

Progress Unity Fund has provided support for educational programs, seminars, and public forums on the causes and effects of conflicts around the world and exploration of peaceful alternatives to war and militarism.

  • Progress Unity Fund, in association with the ANSWER Coalition and other progressive organizations, played a vital role in mobilizing hundreds of thousands of people in a mass action in Washington, D.C., that promoted a permanent ceasefire to end the war that took thousands of civilian lives in Gaza.

    Expenses $232,244

  • Progress Unity Fund engaged in educational programs and presentations about developments in US policy towards the Middle East, Asia, Africa and Latin America through its speakers bureau, online resources and support for progressive organizations with the same mission. As a part of this effort, the Progress Unity Fund supported Break Through Media, a nonprofit organization that features an online platform for expert analysis from academics, journalists and leaders from the social justice and peace movements.

    Expenses $183,880 · Grants $54,500

  • Pivot to Peace, fiscally sponsored by PUF, developed, produced, and edited a video series for social media to promote peace and understanding with China, rather than unnecessary conflict and war. This series reached tens of thousands of people with accurate, educational information about relations between the US and China a matter of pressing concern for all of humanity.

    Expenses $34,318

As filed on the 2023 return.

Listed in Part VII

  • Susan Muysenberg

    President

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Lowengard

    Treasurer

    Total calculated
    $0
    Hours/week
    8
  • Claire Cook

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

  • BreakThrough Media

    $45,000

    Gen support educational programs

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202421279349303247

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