PROGRESSIVE CENTER FOR EDUCATION AND ECONOMIC DEVELOPMENT

EIN: 411800739 501(c)(3) Community Improvement

ST PAUL, MN

Total Revenue
$223,412
Total Expenses
$180,481
Total Assets
$60,310
Net Assets
$60,310
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MN
Principal Officer
DUANE DUTRIEUILLE
Phone
6519682444
Tax Period
2023-01-01 to 2023-12-31

PROGRESSIVE CENTER FOR EDUCATION AND ECONOMIC DEVELOPMENT, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $223K in total revenue in fiscal year 2023. Revenue surged 615% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 19% operating margin.

Mission

A COMMUNITY DEVELOPMENT CORPORATION SERVING THE EDUCATION & ECONOMIC DEVELOPMENT NEEDS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $180,481 Revenue: $82,478

PROCEED, INC. HAS TAKEN OVER 1000 STUDENTS AND 100 ADULT CHAPERONES TO OVER 50 HISTORICAL BLACK COLLEGES AND UNIVERSITIES OVER THE PAST 20 YEARS. THE ORGANIZATION HAS SEEN OVER 80 % OF ITS STUDENTS...

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PROCEED, INC. HAS TAKEN OVER 1000 STUDENTS AND 100 ADULT CHAPERONES TO OVER 50 HISTORICAL BLACK COLLEGES AND UNIVERSITIES OVER THE PAST 20 YEARS. THE ORGANIZATION HAS SEEN OVER 80 % OF ITS STUDENTS GRADUATE FROM COLLEGES AND UNIVERSITIES AND ARE NOW PRODUCTIVE CITIZENS IN THEIR RESPECTIVE COMMUNITIES. PROCEED, INC. HAS OVER TWENTY PARTNERSHIPS WITH LOCAL AND STATE ORGANIZATIONS. PROCEED, INC. HAS SUPPORTED RAMSEY COUNTY FAMILIES WHO NEED EMERGENCY RENT AND MORTGAGE SUPPORT AND HAS CONTINUED TO PROVIDE EDUCATIONAL AND ECONOMIC SUPPORT FOR THE EASTSIDE SAINT PAUL COMMUNITY AND THE GREAT METROPOLITAN AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $138,900
Program Service Revenue $84,501
Investment Income $0
Other Revenue $11
TOTAL REVENUE $223,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $180,481
Other Expenses $180,481
TOTAL EXPENSES $180,481

Year-over-Year Comparison

2023 2022 Change
Revenue $223,412 $31,242 +6.2%
Expenses $180,481 $21,183 +7.5%
Net Income $42,931 $10,059 +3.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
N/A
Employees
N/A
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGO BRITTEN DIRECTOR 1.00
Director
$0 $0 $0
JO ANN CLARK DIRECTOR 1.00
Director
$0 $0 $0
DUANE DUTRIEUILLE DIRECTOR 5.00
Director
$0 $0 $0
REV DR MELVIN MILLER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN PATTAIN DIRECTOR 1.00
Director
$0 $0 $0
THEODORE ROSE DIRECTOR 1.00
Director
$0 $0 $0
NICETA THOMAS DIRECTOR 1.00
Director
$0 $0 $0
KIM WHITE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT DOTY VICE PRESIDE 2.00
Officer
$0 $0 $0
DARLENE SCOTT PRESIDENT 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $223,412 $180,481 $60,310 $42,931
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