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Nonprofit · EIN 31-1598881

PROGRESS FUND

Tax-exempt · GREENSBURG, PA 15601

Financials

$6.1M$1.6M2025
Revenue Expenses · by fiscal year end
Financials of PROGRESS FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,067,512$1,592,104$4,475,408$65,110,871$9,032,520$56,078,351
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,883,400
Program service revenue
$1,458,399
Investment income
$643,809
Net rental income
$68,208
Other revenue
$81,904

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$610,033
Other salaries and wages
$206,298
Salaries, compensation and benefits (total)
$984,548
Professional fundraising fees
$0
Legal fees
$4,695
Accounting fees
$27,365
Travel
$45,355
Depreciation
$186,413
Program services (functional)
$1,085,596
Management and general (functional)
$466,681
Fundraising (functional)
$39,827

Balance sheet and other

Total assets, start of year
$60,943,718
Total assets, end of year
$65,110,871
Total liabilities, end of year
$9,032,520
Net assets, end of year
$56,078,351
Land, buildings and equipment
$1,916,154
Net assets without donor restrictions
$52,269,116
Net assets with donor restrictions
$3,809,235
Gross receipts
$6,067,512
Employees
5
Volunteers
0
Year formed
1998
State of legal domicile
PA

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID KAHLEYPRESIDENT & CEO
Officer
40$313,472$40,241
KAREN POSTTREASURER & CFO
Officer
40$296,561$38,888
DAVID MILLERBOARD MEMBER
Trustee or director
4$0$0
PATRICIA BRENNENBOARD MEMBER
Trustee or director
4$0$0
SONYA TILGHMANBOARD MEMBER
Trustee or director
4$0$0
ERIC MARTINBOARD MEMBER
Trustee or director
4$0$0
R JOHN DAWESCHAIRMAN
Officer
8$0$0
JAMES BUTLERSECRETARY
Officer
8$0$0
JARED GORENTZVICE CHAIRMAN
Officer
8$0$0

Address and contacts

Address (IRS master file)
425 W PITTSBURGH ST, GREENSBURG, PA 15601-2211
In care of
% DAVID KAHLEY
Principal officer (990 for 2025)
DAVID KAHLEY, 425 WEST PITTSBURGH STREET, GREENSBURG, PA 15601
Signed the 990
DAVID KAHLEY, PRESIDENT
Phone
(724) 216-9160
Return prepared by
YOUNG OAKES BROWN & COMPANY PC

Mission

RAISE AND LEND FUNDS FOR COMMUNITY DEVELOPMENT

990 for the year ended December 31, 2025

Program accomplishments

  • PROMOTE HISTORIC PRESERVATION AND COMPATIBLE COMMUNITY AND ECONOMIC REVITALIZATION BY MAKING LOANS
    Expenses $1,085,596 · revenue $1,472,095

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1598881
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$65,110,871
Income (IRS master file)
$6,067,512

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$4,527,484$1,541,529$61,676,088IRS
990December 2022$5,589,608$1,460,409$56,975,518IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about PROGRESS FUND

What is the EIN of PROGRESS FUND?
The employer identification number (EIN) of PROGRESS FUND is 31-1598881.
Is PROGRESS FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to PROGRESS FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROGRESS FUND 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 FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROGRESS FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of PROGRESS FUND?
The 990 for the year ended December 31, 2025 names DAVID KAHLEY.
Who are the officers and directors of PROGRESS FUND?
The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $313,472 (DAVID KAHLEY, PRESIDENT & CEO).
How much revenue does PROGRESS FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,067,512, expenses of $1,592,104 and total assets of $65,110,871 at year end.

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