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Wisconsin · Nonprofit

PROGRESS LAKESHORE INC

PROGRESS LAKESHORE INC (Wisconsin) receives grants from 3 organizations whose IRS filings report $105,700 to it, the largest being FIRST CHILDREN'S FINANCE ($85,700). 2 of them have funded it in more than one year.

Revenue FY2024
$299k
Funders on record
3
Grants received
$106k
Net assets
$232k
2/3 repeat funderspeak grant-dependency 21%
01What it does

What Progress Lakeshore Inc does

Mission

To assist local businesses in their growth in the manitowoc county area and to attract new businesses to the manitowoc county area.

As stated on its FY2024 Form 990.

Programs

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

The 6 programs described on its FY2024 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($243k) Expenses 100 ($272k) Net assets 100 ($471k)2018 Revenue 112 ($273k) Expenses 102 ($277k) Net assets 99 ($467k)2019 Revenue 118 ($286k) Expenses 95 ($258k) Net assets 105 ($495k)2020 Revenue 103 ($251k) Expenses 90 ($245k) Net assets 107 ($504k)2021 Revenue 107 ($261k) Expenses 86 ($235k) Net assets 114 ($538k)2022 Revenue 105 ($255k) Expenses 177 ($481k) Net assets 66 ($312k)2023 Revenue 146 ($355k) Expenses 140 ($382k) Net assets 61 ($285k)2024 Revenue 123 ($299k) Expenses 129 ($351k) Net assets 49 ($232k)
'17'18'19'20'21'22'23'24
Revenue (123)Expenses (129)Net assets (49)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $548k to $382k (−30%).

$483k
$477k
$509k
$508k
$548k
$382k
$347k
$279k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 8% · 2021 15% · 2022 9% · 2023 44% · 2024 33%. Grants only. Government contracts and fees sit inside program revenue.

93% of PROGRESS LAKESHORE INC’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−$30k
’17
−$4k
’18
$28k
’19
$6k
’20
$26k
’21
−$226k
’22
−$27k
’23
−$53k
’24
7.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Jamie Zastrow

Executive director

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2020 and FY2021 filings.

'17'18'19'20'21'22'23'24
Listed2826282326232126
Joined·+5+5+6+5+7+4+8
No longer listed·731121063
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $13k → $75k.

Funder
'22
'23
'24*
total
$86k
$20k
funders
1
2
2

Left out of every figure on this page: $8k from one payer (the payer shares this organization's board, largest Progress Lakeshore Foundation Inc). These are real filings, and they are not money PROGRESS LAKESHORE INC raised.

From the IRS filings of PROGRESS LAKESHORE INC’s funders (the co-funder graph). Top 2 of 3 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PROGRESS LAKESHORE INC leans on a few funders — its largest provides 81% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROGRESS LAKESHORE INC.

81%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

PROGRESS LAKESHORE INC draws 81% of its grant income from funders outside Wisconsin, across 2 states in all.

MN
WI

In-state vs out-of-state, by year

’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PROGRESS LAKESHORE INC is better cushioned than half of the 11,971 community improvement nonprofits its size.

Operating margin−18% · bottom quartile
Months of reserve7.9mo · above the median
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024

Organizations like PROGRESS LAKESHORE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

19
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

WI

Part of a family of 1 related entity

  • Progress Lakeshore Foundation Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for PROGRESS LAKESHORE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PROGRESS LAKESHORE INC?
PROGRESS LAKESHORE INC (Wisconsin) receives grants from 3 organizations whose IRS filings report $105,700 to it, the largest being FIRST CHILDREN'S FINANCE ($85,700). 2 of them have funded it in more than one year.
How many funders does PROGRESS LAKESHORE INC have?
IRS filings report 3 organizations giving $105,700 in grants to PROGRESS LAKESHORE INC, 2 of which have funded it in more than one year.
Who is the largest funder of PROGRESS LAKESHORE INC?
FIRST CHILDREN'S FINANCE is the largest funder on record, with $85,700 in grants. The full list of funders is on this page.
How can an organization like PROGRESS LAKESHORE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing