Progress Lakeshore INC
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Helps local businesses grow and attracts new ones to Manitowoc County. For fiscal year 2024 it reported $299K in revenue, $351K in expenses, and $232K in net assets.Pt I
Summary of the Filing
Where the work happens
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…
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.
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jamie Zastrow’s $79K as Executive Director is at the 55th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jamie Zastrow | $78,528 | $77,818 | $73,495 | $53,728 | — |
| Peter Wills | — | — | — | — | $74,571 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | -16% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 4% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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