MARKING PROGRESS INC

EIN: 810763628 501(c)(3)

SYLVA, NC

Total Revenue
$62,026
Total Expenses
$81,780
Total Assets
$743
Net Assets
$743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
THOMAS AGNEW
Phone
8284500340
Tax Period
2018-01-01 to 2018-12-31

MARKING PROGRESS INC, founded in 2015, is a micro nonprofit that reported $62K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $82K exceeded revenue, resulting in a 32% operating deficit.

Mission

DRILLING WELLS FOR GLOBAL CLEAN WATER AND PROVIDING TOOLS FOR SUSTAINABLE LIVING.

Program Service Accomplishments

Program 1
Expenses: $20,178

CLEAN WATER PROGRAM DRILLED 3 NEW BOREHOLES FOR WELL WATER IN REMOTE VILLAGES IN UGANDA. APPROXIMATELY 10,000 MORE PEOPLE NOW HAVE ACCESS TO CLEAN WATER. SERVICED 3 BROKEN WELLS THAT WERE PREVIOUSLY...

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CLEAN WATER PROGRAM DRILLED 3 NEW BOREHOLES FOR WELL WATER IN REMOTE VILLAGES IN UGANDA. APPROXIMATELY 10,000 MORE PEOPLE NOW HAVE ACCESS TO CLEAN WATER. SERVICED 3 BROKEN WELLS THAT WERE PREVIOUSLY INSTALLED BY MARKING PROGRESS. AFFECTING APPROXIMATELY 15,000 PEOPLE. CREATED WATER CONSERVATION COMMITTEES IN EACH OF THE VILLAGES WHERE MARKING PROGRESS HAS SUCCESSFULLY INSTALLED CLEAN WATER. THESE COMMITTEES ARE NOW IN PLACE TO ENSURE FUTURE MAINTENANCE AND REPAIRS ON THE WELLS, SO THAT EACH VILLAGE IS ACCOUNTABLE FOR THE SUSTAINABILITY OF THEIR OWN CLEAN WATER.

Program 2

SCHOOL PROGRAM PROVIDED TOOLS FOR A SCHOOL IN UGANDA TO BECOME SELF-SUSTAINING. BY PROVIDING SUPPLIES AND CURRICULUM FOR THE SCHOOL, THEY ARE NOW ABLE TO CHARGE TUITION TO PAY FOR FUTURE EXPENSES...

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SCHOOL PROGRAM PROVIDED TOOLS FOR A SCHOOL IN UGANDA TO BECOME SELF-SUSTAINING. BY PROVIDING SUPPLIES AND CURRICULUM FOR THE SCHOOL, THEY ARE NOW ABLE TO CHARGE TUITION TO PAY FOR FUTURE EXPENSES. THE SCHOOL SERVICES APPROXIMATELY 183 CHILDREN.

Program 3

PIG PROGRAM PROVIDED TOOLS FOR A PIGGERY IN UGANDA TO BECOME SELF-SUSTAINING. THE GOAL OF THE PIGGERY WAS TO: 1) PROVIDE A SUSTAINABLE FOOD SOURCE. 2) GENERATE REVENUE FOR THE FOUNDATION OF A SCHOOL...

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PIG PROGRAM PROVIDED TOOLS FOR A PIGGERY IN UGANDA TO BECOME SELF-SUSTAINING. THE GOAL OF THE PIGGERY WAS TO: 1) PROVIDE A SUSTAINABLE FOOD SOURCE. 2) GENERATE REVENUE FOR THE FOUNDATION OF A SCHOOL IN THE VILLAGE. THE PIGGERY SERVICES APPROXIMATELY 500 PEOPLE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $62,020
Program Service Revenue $0
Investment Income $6
Other Revenue $0
TOTAL REVENUE $62,026

Expense Breakdown

Grants Paid $52,283
Salaries & Benefits $1,000
Fundraising Expenses $2,721
Program Expenses $20,221
Other Expenses $28,497
TOTAL EXPENSES $81,780

Year-over-Year Comparison

2018 2017 Change
Revenue $62,026 $65,484 -0.1%
Expenses $81,780 $45,399 +0.8%
Net Income $-19,754 $20,085 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
3
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HENRY DIRECTOR VP 1.000
Director
$0 $0 $0
THOMAS AGNEW DIRECTOR TREASURER 1.000
Director
$0 $0 $0
JENNIFER RIDDLE DIRECTOR PRESIDENT 5.000
Director
$1,000 $0 $1,000
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
2018 $62,026 $81,780 $743 $-19,754
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