Nonprofit · EIN 42-1122161
PROGRESS INDUSTRIES
Tax-exempt · NEWTON, IA 50208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,516,372 | $12,835,289 | -$318,917 | $5,333,719 | $1,084,498 | $4,249,221 |
| June 30, 2024 | 990 | $13,314,632 | $12,928,298 | $386,334 | $5,904,683 | $1,336,545 | $4,568,138 |
| June 30, 2023 | 990 | $12,941,724 | $12,757,698 | $184,026 | $5,477,676 | $1,295,872 | $4,181,804 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $283,427
- Program service revenue
- $12,209,041
- Investment income
- $23,904
- Net gain from sales of assets
- $1,700
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,381
- Other salaries and wages
- $7,680,334
- Salaries, compensation and benefits (total)
- $11,067,057
- Professional fundraising fees
- $0
- Accounting fees
- $129,333
- Occupancy
- $170,456
- Travel
- $232,198
- Depreciation
- $355,511
- Program services (functional)
- $12,006,941
- Management and general (functional)
- $782,105
- Fundraising (functional)
- $46,243
Balance sheet and other
- Total assets, start of year
- $5,904,683
- Total assets, end of year
- $5,333,719
- Total liabilities, end of year
- $1,084,498
- Net assets, end of year
- $4,249,221
- Land, buildings and equipment
- $3,351,727
- Net assets without donor restrictions
- $4,229,721
- Net assets with donor restrictions
- $19,500
- Gross receipts
- $12,516,372
- Employees
- 314
- Volunteers
- 25
- Year formed
- 1979
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SANDRA K HAM | FORMER PRESIDENT/CEO Trustee or director, Officer | 36 | $118,468 | $35,586 |
| STEFANIE SQUIRE | CONTROLLER Officer | 36 | $68,038 | $16,272 |
| JODY L EATON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JUDY O'CONNOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE OUREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED BANFIELD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY PEARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRETT LUNDBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIM BERGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTI SKINNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNY HAMAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIN YEAGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEITH ISLEY | PRESIDENT/CEO Trustee or director, Officer | 36 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SANDRA K HAM | PRESIDENT/CEO Trustee or director, Officer | 36 | $114,412 | $35,375 |
| STEFANIE SQUIRE | CONTROLLER Officer | 36 | $63,825 | $15,958 |
| JODY L EATON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK CAHILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KELLY MITCHELL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CAROL TREASE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JUDY O'CONNOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE OUREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED BANFIELD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY PEARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRETT LUNDBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIM BERGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTI SKINNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SANDRA K HAM | PRESIDENT/CEO Trustee or director, Officer | 36 | $120,655 | $34,984 |
| STEFANIE SQUIRE | CONTROLLER Officer | 36 | $64,893 | $15,704 |
| JODY L EATON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK CAHILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN LEE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CAROL JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KELLY MITCHELL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CAROL TREASE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY O'CONNOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE OUREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED BANFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 N 3RD AVE W, NEWTON, IA 50208-3037
- Principal officer (990 for 2024)
- KEITH ISLEY, 202 N 3RD AVE W, NEWTON, IA 50208
- Signed the 990
- KEITH ISLEY, PRESIDENT & CEO
- Phone
- (641) 792-6119
- Website
- WWW.PROGRESSINDUSTRIES.ORG
- Return prepared by
- HENJES CONNER & WILLIAMS PC
Mission
CHANGING THE WORLD FOR PEOPLE WITH DISABILITIES BY PROVIDING OPPORTUNITIES AND SKILLS NECESSARY TO FULFILL NEEDS AND PURSUE DREAMS.
Program accomplishments
- VOCATIONAL PROGRAMS: WORK SERVICES AND JOB PREPARATION PROGRAMS FOR DISABLED INDIVIDUALS. PROGRAMS TO TEACH AND ASSIST CLIENTS GOOD WORK HABITS AND GENERAL WORK SERVICES. PLACES CLIENTS IN COMMUNITY JOBS.Expenses $387,938 · revenue $228,212
- RESIDENTIAL PROGRAMS: PROGRAMS CONSIST OF VARIOUS LEVELS OF SERVICE FROM VERY STRUCTURED ENVIRONMENTS TO INDIVIDUAL APARTMENTS FOR DISABLED INDIVIDUALS.Expenses $11,619,003 · revenue $11,980,829
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1122161
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J30Z)
- Assets (IRS master file)
- $5,333,719
- Income (IRS master file)
- $12,516,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,516,372 | $12,835,289 | $5,333,719 | XML |
| 990 | June 2024 | $13,314,632 | $12,928,298 | $5,904,683 | XML |
| 990 | June 2023 | $12,941,724 | $12,757,698 | $5,477,676 | XML |
| 990 | June 2022 | $12,560,187 | $12,093,078 | $5,056,933 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 42-1122161).
Questions about PROGRESS INDUSTRIES
- What is the EIN of PROGRESS INDUSTRIES?
- The employer identification number (EIN) of PROGRESS INDUSTRIES is 42-1122161.
- Is PROGRESS INDUSTRIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to PROGRESS INDUSTRIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROGRESS INDUSTRIES 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 INDUSTRIES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROGRESS INDUSTRIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROGRESS INDUSTRIES?
- The 990 for the year ended June 30, 2025 names KEITH ISLEY.
- Who are the officers and directors of PROGRESS INDUSTRIES?
- The 990 for the year ended June 30, 2025 lists 13 people; 2 received compensation from the organization, the highest $118,468 (SANDRA K HAM, FORMER PRESIDENT/CEO).
- How much revenue does PROGRESS INDUSTRIES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,516,372, expenses of $12,835,289 and total assets of $5,333,719 at year end.
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