Progres Foundation Corporation

Nonprofit profile at a glance

EIN
863800184
IRS 990-EZ coverage
2024–2025
Forms available
Form 990 2023, Form 990-EZ 2025, Form 990-N 2021
Location
Middletown, CT, USA
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$177,742
Expenses
$127,581
Assets
$190,925
Liabilities
$6,076

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Joel Cowan (President)
  • Aynabat Yaylymova (Executive Director)

People named in this filing

  • Joel Cowan (President)
  • Lisa Coll (Treasurer)
  • Adele Simons (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Progres Foundation serves as a creative hub for people from Turkmenistan and the diaspora by supporting skills development and educational programs that offer innovative solutions to societal problems. Progres Foundation brings together interdisciplinary experts scholars and practitioners many of whom are Turkmens to perform research and develop content around sustainable human development institution building and public participation in Turkmenistan. Topics focus on a wide range of developmental issues including public health social policy economic policy environmental policy culture and technology.

What it reported doing in 2025

Progres Foundation Progres with one s as in the Turkmen language is a non-profit organization based in the United States that supports various progressive initiatives that contribute to understanding of social realities and to shaping a new vision and approaches to sustainable human development in Turkmenistan. Progres Foundations activities consist primarily of informing and educating the public in Turkmenistan with an emphasis on free access to information and critical thinking by engaging with Turkmen nationals around the world.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Sustainability: 63
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.9%; rating input score 72
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 28.2%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.5; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 28.2%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -22.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 15.7% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 71.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $128K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.