EAST LANSING, MI
Rende Progress Capital
Quick Facts
- EIN
- 82-0689514
- Location
- EAST LANSING, MI
- Category
- Philanthropy & Grantmaking
- NTEE Code
- T20
- Total Assets
- $3.6M
- Annual Income
- $638K
- Annual Revenue
- $638K
- IRS Ruling Year
- 2017
- Tax Subsection
- 501(c)(03)
About This Organization
Rende Progress Capital is a nonprofit organization based in EAST LANSING, MI. It received its IRS tax-exempt ruling in 2017. The organization is classified under IRC Section 501(c)(03). It operates in the area of philanthropy & grantmaking. Total assets are reported at $3.6M. Annual income is $638K. The organization has received $2.6M in foundation grants from 7 funders. It has received $375K in federal awards from 1 agency.
Grants Received from Foundations
Foundation grants awarded to Rende Progress Capital, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| W K Kellogg Foundation | $375K | 2023 | provide general operating support to help the organization advance its mission of providing socially responsible and affordable lending and services to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons and bias |
| Steelcase Foundation | $89K | 2023 | Program support |
| Dte Energy Foundation | $5K | 2023 | ECONOMIC PROGRESS |
| Allstate Foundation | $5K | 2023 | INVEST IN MICHIGAN EXCLUDED ENTREPRENEURS OF COLOR |
| W K Kellogg Foundation | $400K | 2022 | enable the organization to achieve its mission of eliminating the racial gap through small business loans to excluded entrepreneurs by providing general operating support |
| W K Kellogg Foundation | $400K | 2022 | enable the organization to achieve its mission of eliminating the racial gap through small business loans to excluded entrepreneurs by providing general operating support |
| Steelcase Foundation | $149K | 2022 | Program support |
| Steelcase Foundation | $149K | 2022 | Program support |
| Frey Foundation | $75K | 2022 | Building Community |
| Frey Foundation | $75K | 2022 | Building Community |
| Dte Energy Foundation | $5K | 2022 | ECONOMIC PROGRESS |
| Dte Energy Foundation | $5K | 2022 | ECONOMIC PROGRESS |
| W K Kellogg Foundation | $100K | 2021 | enable the organization to achieve its mission of eliminating the racial gap through small business loans to excluded entrepreneurs by providing general operating support |
| Consumers Energy Foundation | $50K | 2021 | ECONOMIC EQUITY FOR EXCLUDED ENTREPRENEURS OF COLOR |
| Dte Energy Foundation | $5K | 2021 | ECONOMIC PROGRESS |
| W K Kellogg Foundation | $650K | 2020 | enable the organization to achieve its mission of eliminating the racial gap through small business loans to excluded entrepreneurs by providing general operating support |
| Frey Foundation | $30K | 2020 | RENDE SMALL BUSINESS LOAN RECOVERY FUND (COVID-19 RESPONSE) |
| Douglas & Maria Devos Foundation | $25K | 2020 | UNRESTRICTED GRANT TO GENERAL FUND |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 3 awards totaling $375,000 | $375K | 2021 |
Frequently Asked Questions
What does Rende Progress Capital do?
Rende Progress Capital is a nonprofit organization focused on philanthropy & grantmaking, based in EAST LANSING, MI. It is classified under IRC Section 501(c)(03).
Who funds Rende Progress Capital?
Rende Progress Capital has received foundation grants from W K Kellogg Foundation, Steelcase Foundation, Dte Energy Foundation, and others. It has also received federal awards from Department of the Treasury.
What is Rende Progress Capital's annual revenue?
Rende Progress Capital reports total assets of $3.6M. Annual income is $638K.
Where is Rende Progress Capital located?
Rende Progress Capital is located in EAST LANSING, MI.
Is Rende Progress Capital a 501(c)(3)?
Yes, Rende Progress Capital is a 501(c)(3) tax-exempt organization. Its EIN is 82-0689514. Donations to this organization may be tax-deductible.
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