Nonprofit · EIN 20-0419691
PROGRESS LAKESHORE INC
Tax-exempt · MANITOWOC, WI 54220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $298,559 | $351,328 | -$52,769 | $279,218 | $46,813 | $232,405 |
| December 31, 2023 | 990 | $355,082 | $382,020 | -$26,938 | $347,327 | $62,153 | $285,174 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $276,777
- of which government grants
- $98,497
- Program service revenue
- $16,596
- Investment income
- $11,344
- Net rental income
- $550
- Net income from fundraising events
- -$7,858
- Net income from gaming
- $1,150
- Other revenue
- -$6,158
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $78,528
- Other salaries and wages
- $136,059
- Salaries, compensation and benefits (total)
- $233,189
- Professional fundraising fees
- $0
- Legal fees
- $209
- Accounting fees
- $15,250
- Occupancy
- $22,199
- Travel
- $4,536
- Depreciation
- $2,011
Balance sheet and other
- Total assets, start of year
- $347,327
- Total assets, end of year
- $279,218
- Total liabilities, end of year
- $46,813
- Net assets, end of year
- $232,405
- Land, buildings and equipment
- $10,352
- Net assets without donor restrictions
- $232,405
- Gross receipts
- $319,599
- Employees
- 6
- Volunteers
- 35
- Year formed
- 2004
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMIE ZASTROW | EXECUTIVE DIRECTOR Officer | 40 | $78,528 |
| ROBERT SEAL | BOARD MEMBER - VP (JAN-APR) PRESIDENT (MAY-DEC) Trustee or director, Officer | 1 | $0 |
| GREG JAGEMANN | BOARD MEMBER - APRIL 2024 Trustee or director | 0.5 | $0 |
| JUDY FERRY | EX OFFICIO Trustee or director | 0.25 | $0 |
| JUSTIN NICKELS | EX OFFICIO Trustee or director | 0.25 | $0 |
| KAITLIN BRICE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ABBEY QUISTORF | EX OFFICIO Trustee or director | 0.25 | $0 |
| MICHAEL YEH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHELLE FROEHLKE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SETH ZIPPERER | BOARD MEMBER - TREASURER Trustee or director, Officer | 1 | $0 |
| SCOTT FERGUSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TODD GLOVER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DOUG SCHWALBE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BILL SCHLEI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TROY ADAMS | BOARD MEMBER - VICE PRESIDENT (MAY-DEC) Trustee or director, Officer | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE SZYMIK | BOARD MEMBER - SECRETARY Trustee or director | 1 | $0 |
| MYLEA JUIDICI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIC SITKIEWITZ | BOARD MEMBER - PRESIDENT (JAN-APR) Trustee or director, Officer | 1 | $0 |
| AMY TOWNSEND | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TANYA BOMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK MURRAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CORY ERLANDSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID FUNKHOUSER | EX OFFICIO Trustee or director | 0.25 | $0 |
| STACY GRUNWALD | EX OFFICIO Trustee or director | 0.25 | $0 |
| RYAN KAUTH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANGIE ULNESS | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMIE ZASTROW | EXECUTIVE DIRECTOR Officer | 40 | $77,818 |
| ROBERT SEAL | BOARD MEMBER - VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREG JAGEMANN | PAST PRESIDENT Trustee or director | 1 | $0 |
| CASEY WITTERHOLT | EX OFFICIO Trustee or director | 0.25 | $0 |
| JUDY FERRY | EX OFFICIO Trustee or director | 0.25 | $0 |
| JUSTIN NICKELS | EX OFFICIO Trustee or director | 0.25 | $0 |
| KAITLIN BRICE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ABBEY QUISTORF | EX OFFICIO Trustee or director | 0.25 | $0 |
| MICHAEL YEH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHELLE FROEHLKE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PATTY LEHN | BOARD MEMBER - SECRETARY Trustee or director, Officer | 1 | $0 |
| POLLY ABTS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SETH ZIPPERER | BOARD MEMBER - TREASURER Trustee or director, Officer | 1 | $0 |
| SCOTT FERGUSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TODD GLOVER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DOUG SCHWALBE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BILL SCHLEI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TROY ADAMS | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MICHELLE SZYMIK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MYLEA JUIDICI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIC SITKIEWITZ | BOARD MEMBER - PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 202 N 8TH ST STE 101, MANITOWOC, WI 54220-4606
- In care of
- % ANDREW STEIMLE
- Principal officer (990 for 2024)
- ROBERT SEAL, 202 NORTH 8TH STREET STE 101, MANITOWOC, WI 54220
- Signed the 990
- ROBERT SEAL, PRESIDENT
- Phone
- (920) 482-0540
- Website
- PROGRESSLAKESHORE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA.
Program accomplishments
- EXCELLENCE IN ECONOMIC DEVELOPMENT AWARDS BREAKFAST IS A CELEBRATION TO RECOGNIZE BUSINESSES AND INDIVIDUALS WHO CREATE A POSITIVE BUSINESS CLIMATE IN MANITOWOC COUNTY. THERE ARE 5 AWARD CATEGORIES: (1) ENTREPRENEURIAL ACHIEVEMENT AWARD, (2) NEIGHBORHOOD DEVELOPMENT AWARD, (3) CORPORATE INVESTMENT AWARD, (4) ECONOMIC ACCELERATOR OF THE YEAR AWARD, AND (5) COMMUNITY ENHANCEMENT AWARD. THIS EVENT DREW APPROXIMATELY 155 PEOPLE, AND 12 AWARDS WERE GIVEN OUT (EACH CATEGORY HAD A WINNER AND AT LEAST ONE HONORABLE MENTION). GUESTS WHO ATTENDED RECEIVED A PROGRAM BOOKLET SUMMARIZING ALL 28 NOMINEES' STORY.
- STRIVING TO SUPPORT THE SUCCESS OF OUR EARLY-STAGE BUSINESSES, PROGRESS LAKESHORE OFFERS A BUSINESS MENTORING PROGRAM CALLED CIRCLES OF 7, OR C7. BASED ON THE IDEA THAT BUSINESSES LEARN BEST FROM EACH OTHER, A SEASONED LOCAL BUSINESS OWNER IS ASSIGNED TO A GROUP OF SIX EARLY-STAGE BUSINESSES TO FORM A MENTOR-PROTEGE SUPPORT CIRCLE. EACH CIRCLE MEETS MONTHLY FOR NINE MONTHS TO COVER A SPECIFIC CURRICULUM AND OTHER TOPICS BASED ON PARTICIPANTS' NEEDS. THIS PROGRAM RAN FROM SEPTEMBER 2024 - MAY 2025. WE HAD ONE CIRCLE.
- SHORTER THAN OUR ETP COURSE, OUR ENTREPRENEURIAL BOOT CAMPS ARE DESIGNED TO BE A STARTING POINT FOR EXPLORING THE MINDSET, RESOURCES AND REGULATORY ENVIRONMENT ENTREPRENEURS NEED TO CONSIDER WHEN STARTING A BUSINESS. IN 2024, WE HAD 29 PARTICIPANTS BETWEEN OUR FOUR BOOT CAMPS. WE HAD A GENERAL BUSINESS BOOT CAMP AND THREE FOCUSED BOOT CAMPS ON NON-PROFIT, CHILDCARE AND FOOD.
- PERFECT YOUR PITCH IS A SERIES OF VIDEOS DESIGNED TO HELP BUDDING ENTREPRENEURS NAIL DOWN THEIR ELEVATOR PITCH, PERFECT SPEAKING IN PUBLIC, AND LEARN THE BASICS OF PITCHING A BUSINESS IDEA, IN PREPARATION FOR PARTICIPATING IN OUR ANNUAL LEVEL UP PITCH CONTEST. THE LEVEL UP PITCH CONTEST IS PRESENTED BY PROGRESS LAKESHORE AND REGIONAL PARTNERS. THE EVENT INCLUDES A PITCH BY EACH ENTREPRENEUR AND A QUESTION-AND-ANSWER PERIOD WITH LOCAL JUDGES. WINNER(S) RECEIVE PRIZE MONEY AND SERVICES. THIS EVENT OFFERS IN PERSON AND LIVE-STREAM VIEWING OPTIONS.THE LEVEL UP PITCH CONTEST HAD 8 PARTICIPANTS. WINNERS (FIRST AND SECOND) WENT ON TO COMPETE AT THE REGIONAL PITCH EVENT.
- OUR ENTREPRENEUR TRAINING PROGRAM IS AN IMMERSIVE COURSE OFFERED IN CONJUNCTION WITH THE WISCONSIN SMALL BUSINESS DEVELOPMENT CENTER. THE EIGHT-WEEK SESSIONS EQUIP ASPIRING ENTREPRENEURS TO START AND GROW SUCCESSFUL BUSINESSES. PARTICIPANTS ARE PROVIDED WITH INFORMATION, TIPS, EXERCISES, AND TOOLS TO HELP EVALUATE THEIR BUSINESS IDEAS AND DEVELOP THEIR BUSINESS PLANS. THERE WERE 17 INDIVIDUALS WHO PARTICIPANTED IN THIS PROGRAM. THREE OF THE BUSINESSES COMPETED IN OUR PITCH CONTEST AS WELL.
- FOUNDERS CONNECTION BRINGS TOGETHER SMALL BUSINESS OWNERS TO CONNECT, EXPAND NETWORKS AND GAIN VALUABLE INSIGHTS THAT CAN PROPEL BUSINESSES FORWARD. THE EVENING HIGHLIGHTS LESSONS LEARNED FROM A LOCAL ENTREPRENEUR'S JOURNEY OR A RESOURCE FOR ADDRESSING THE CHALLENGES SMALL BUSINESSES MAY FACE. CONVERSATIONS TAKE PLACE OVER COFFEE, AND THE EVENT CREATES OPPORTUNITY FOR NETWORKING WITH A PURPOSE. NETWORKING EVENTS ARE HELD QUARTERLY. THERE WAS A GRAND TOTAL OF 37 ATTENDEES BETWEEN ALL 4 OF THE EVENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0419691
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $279,218
- Income (IRS master file)
- $319,599
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $298,559 | $351,328 | $279,218 | XML |
| 990 | December 2023 | $355,082 | $382,020 | $347,327 | XML |
| 990 | December 2022 | $254,689 | $480,708 | $381,514 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0419691).
Questions about PROGRESS LAKESHORE INC
- What is the EIN of PROGRESS LAKESHORE INC?
- The employer identification number (EIN) of PROGRESS LAKESHORE INC is 20-0419691.
- Is PROGRESS LAKESHORE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to PROGRESS LAKESHORE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROGRESS LAKESHORE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROGRESS LAKESHORE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROGRESS LAKESHORE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROGRESS LAKESHORE INC?
- The 990 for the year ended December 31, 2024 names ROBERT SEAL.
- Who are the officers and directors of PROGRESS LAKESHORE INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 1 received compensation from the organization, the highest $78,528 (JAMIE ZASTROW, EXECUTIVE DIRECTOR).
- How much revenue does PROGRESS LAKESHORE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $298,559, expenses of $351,328 and total assets of $279,218 at year end.
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All nonprofits in MANITOWOC · Wisconsin · Community improvement and capacity building