TIN:
SCHEDULE O
(Form 990)
Department of the Treasury
Internal Revenue Service
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Inspection
Name of the organization
Progressive Multiplier Action Fund
Employer identification number
83-3190176
83-3190176
| Return Reference | Explanation |
|---|---|
| Form 990, Parts I and III, Line 1, Description of Organization Mission: | Progressive Multiplier Action Fund ("PMAF") was founded to help non-profit organizations working on issues of immigrant rights, LGBTQ issues, and racial, social, and economic justice address lack of capacity or staff to focus on scalable revenue or to take advantage of increased interest in their critical work. PMAF is the section 501(c)(4) sister organization to Progressive Multiplier Fund ("PMF"), a nonprofit 50l(c)(3) organization that promotes similar goals in charitable ways. PMAF seeks to remove obstacles to building capacity and improving the effectiveness of progressive nonprofit organizations. Working with PMAF, organizations find ways to accomplish their exempt missions and simultaneously increase revenue and capacity. PMAF serves as a hub to promote the sharing of best practices, and provides grants and possibly loans that encourage section 50l(c) organizations and in some cases section 527 political organizations to increase the reach of their programmatic work. PMAF also provides research and analysis to determine what innovations work and are scalable, and educate the groups it works with on implementing those strategies. |
| Form 990, Part VI, Section A, line 3 | PMAF utilizes the services of a management company, Progressive Power Lab LLC, ("PPL") to manage the organization on a day-to-day basis. Management fees represent amounts paid to PPL under the terms of an Intercompany Management Services Agreement for management services including all HR/ leased employee/ staffing resources; accounting; insurance management; IT; legal and tax; office space, equipment, and other resources needed to manage the day-to-day operations. PMAF's Exeuctive Director is an employee/owner of PPL. Management fees totaled $ 98,456 for the fiscal year ended June 30, 2022. |
| Form 990, Part VI, Section A, line 8b | There are no separate committee meetings within the governing body at this time. |
| Form 990, Part VI, Section B, line 11b | The Organization's outside accounting firm reconciles the financial information per the 990 to the audited financial statements and then provides the 990 to the Executive Director of the Organization. The Executive Director and the outside accounting firm review the responses separately. The Executive Director then signs the 990 which is then provided to the Organization's Board of Directors prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy is distributed annually to all directors, officers, members of the board committees and staff. All covered individuals sign an annual acknowledgement that they have received a copy of this policy, understand it and agree to abide by its terms. |
| Form 990, Part VI, Section C, line 19 | All information is available upon written request. |
| Form 990, Part IX, line 11g | Contract & Consulting Services: Program service expenses 25,656. Management and general expenses 1,425. Fundraising expenses 1,425. Total expenses 28,506. |
| Form 990, Part XII, Line 2c: | The process for overseeing the audit of the financial statements and selection of an independent accountant remains consistent with prior years. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021
Additional Data
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