Progressive Multiplier Action Fund: FY2024 Nonprofit Profile & Form 990 (EIN 83-3190176)

Revenue by fiscal year
FY2020	$284K
FY2021	$163K
FY2022	$214K
FY2023	$260K
FY2024	$319K
FY2025	$74K

Expenses by fiscal year
FY2020	$620K
FY2021	$282K
FY2022	$202K
FY2023	$277K
FY2024	$110K
FY2025	$190K

Net assets by fiscal year
FY2020	$284K
FY2021	$165K
FY2022	$177K
FY2023	$159K
FY2024	$369K
FY2025	$252K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

42%

32%

26%

Program services 42% · $46K Management & general 32% · $36K Fundraising 26% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Margaret Huang

Board Co-President

$0Pt VII · Sec A

Lea Madry

Board Co-President

$0Pt VII · Sec A

Prentiss Haney

Board Secretary

$0Pt VII · Sec A

Jen Matheson

Board Treasurer

$0Pt VII · Sec A

Andrea Serrano

Board Member

$0Pt VII · Sec A

Bethany Maki

Executive Director

$0Pt VII · Sec A

Polly Stamatopoulos

Senior Director

$0Pt VII · Sec A

See Progressive Multiplier Action Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds revenue projects for progressive groups and shares fundraising knowledge.

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Provided by the organization

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1 program · $46K · in their own filed words · FY2023

01

Financing revenue generation projects for Progressive Organizations and sharing fundraising knowledge gained with these Organizations within the Progressive Movement.

$46Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

The David Rockefeller Fund INCFY2024$75K

Total grants receivedfrom 1 funder$75K

Grants paid · 30 grants · $579K · 2019–2024

Naya Action FundOR · FY2024$5,350

Oneamerica VotesWA · FY2024$5,350

Imagine BlackOR · FY2024$5,350

Latino Network Action FundOR · FY2024$5,350

New Progressive Network INCOR · FY2024$5,350

Accion Politica Pcunista DBA PcunOR · FY2024$5,350

Imagine BlackOR · FY2022$11,025

Oneamerica VotesWA · FY2022$10,000

Naya Action FundOR · FY2022$7,875

United Oregan ActionOR · FY2022$6,300

Unite Oregon ActionOR · FY2021$20,000

National Immigration Law CenterCA · FY2020$30,594

RepowerMN · FY2020$25,000

Marked by CovidCA · FY2020$25,000

Accelerate Action INCMA · FY2019$100,000

Clean Water ActionMI · FY2019$77,870

Jobs with Justice Education FundDC · FY2019$35,000

Faith in Action NetworkCA · FY2019$25,000

See all 30 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$319K

Ln 12

Gifts and grantsLn 1h$300K

Fees for servicesLn 2g$19K

Investment incomeLn 3$967

Money outPt IX

$110K

Ln 25

Programscol B$46K

Managementcol C$36K

Fundraisingcol D$28K

Owns and owesPt X

$369K

net assets · Ln 32

Cash and savingsLn 1–2$116K

Total assetsLn 16$371K

LiabilitiesLn 26$3K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$300K

Fees for servicesLn 2g$19K

Investment incomeLn 3$967

Total revenueLn 12$319K

Assets in detailPt X, end of year

CashLn 1$47K

SavingsLn 2$70K

Cash and savings togetherLn 1–2$116K

Other assetsLn 15$124K

Total assetsLn 16$371K

LiabilitiesLn 26$3K

Net assetsLn 32$369K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$178K	$116K
Total assetsLn 16	$178K	$371K
LiabilitiesLn 26	$19K	$3K
Net assetsLn 32	$159K	$369K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$46K	$22K	$7K	$17K
Pension plan contributionsLn 8	$2K	$982	$295	$784
Other employee benefitsLn 9	$6K	$3K	$918	$2K
Payroll taxesLn 10	$4K	$2K	$512	$1K
Legal feesLn 11b	$258	$145	$46	$67
Accounting feesLn 11c	$23K		$23K
Other fees for servicesLn 11g	$5K	$5K		$442
Advertising and promotionLn 12	$281	$267		$14
Office expensesLn 13	$2K	$1K	$394	$720
Information technologyLn 14	$19K	$11K	$4K	$5K
OccupancyLn 16	$15	$8	$3	$4
Conferences, conventions and meetingsLn 19	$1K	$1K		$222
InsuranceLn 23	$285	$216	$69
Total functional expensesLn 25	$110K	$46K	$36K	$28K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$74K	$190K	−$117K	$252K	990 PDF
FY2024 Viewing	$319K	$110K	$209K	$369K	990 PDF
FY2023	$260K	$277K	−$17K	$159K	990 PDF
FY2022	$214K	$202K	$12K	$177K	990 PDF
FY2021	$163K	$282K	−$119K	$165K	990 PDF
FY2020	$284K	$620K	−$336K	$284K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $319,217 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $127,533$299,500

I-9 Program service revenuePrior year $131,532$18,750

I-10 Investment incomePrior year $769$967

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $259,834$319,217

I-13 Grants and similar amounts paidPrior year $35,200$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $148,824$57,649

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $93,260$52,400

I-18 Total expensesPrior year $277,284$110,049

I-19 Revenue less expensesPrior year −$17,450$209,168

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $319,217 across 5 lines filed

VIII-1f All other contributions, gifts and grants$299,500

VIII-1h Total contributions, gifts and grants$299,500

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,750$18,750

VIII-3 Investment incomeExcluded from tax $967$967

VIII-12 Total revenueRelated to mission $18,750 · Unrelated business $0 · Excluded from tax $967$319,217

Part IX · Statement of functional expenses $110,049 across 13 lines filed

IX-7 Other salaries and wagesPrograms $21,717 · Management $6,519 · Fundraising $17,350$45,586

IX-8 Pension plan contributionsPrograms $982 · Management $295 · Fundraising $784$2,061

IX-9 Other employee benefitsPrograms $3,058 · Management $918 · Fundraising $2,443$6,419

IX-10 Payroll taxesPrograms $1,707 · Management $512 · Fundraising $1,364$3,583

IX-11b Legal feesPrograms $145 · Management $46 · Fundraising $67$258

IX-11c Accounting feesManagement $23,269$23,269

IX-11g Other fees for servicesPrograms $4,688 · Fundraising $442$5,130

IX-12 Advertising and promotionPrograms $267 · Fundraising $14$281

IX-13 Office expensesPrograms $1,168 · Management $394 · Fundraising $720$2,282

IX-14 Information technologyPrograms $10,853 · Management $3,560 · Fundraising $5,022$19,435

IX-16 OccupancyPrograms $8 · Management $3 · Fundraising $4$15

IX-19 Conferences, conventions and meetingsPrograms $1,223 · Fundraising $222$1,445

IX-23 InsurancePrograms $216 · Management $69$285

IX-25 Total functional expensesPrograms $46,032 · Management $35,585 · Fundraising $28,432$110,049

Part X · Balance sheet $371,171 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $102,811$46,750

X-2 Savings and temporary cash investmentsStart of year $75,327$69,616

X-3 Pledges and grants receivable$125,000

X-9 Prepaid expenses and deferred charges$5,644

X-15 Other assetsStart of year $0$124,161

X-16 Total assetsStart of year $178,138$371,171

X-17 Accounts payable and accrued expenses$2,588

X-25 Other liabilitiesStart of year $18,723$0

X-26 Total liabilitiesStart of year $18,723$2,588

X-27 Net assets without donor restrictionsStart of year $151,082$268,583

X-28 Net assets with donor restrictionsStart of year $8,333$100,000

X-32 Total net assets or fund balancesStart of year $159,415$368,583

X-33 Total liabilities and net assetsStart of year $178,138$371,171

Part XI · Reconciliation of net assets $368,583 net assets at year end

XI-1 Total revenue$319,217

XI-2 Total expenses$110,049

XI-3 Revenue less expenses$209,168

XI-4 Net assets at start of year$159,415

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$368,583

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Progressive Multiplier Action Fund FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Progressive Multiplier Action Fund

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Progressive Multiplier Action Fund FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Progressive Multiplier Action Fund

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV