Community Progress Committee Inc

Private foundation · Grantmaker Lebanon, TN EIN: 23-7442515

Community Progress Committee Inc is a private foundation, based in Lebanon, TN. IRS filing data is available for 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $35K.

Key facts about Community Progress Committee Inc

In short: Community Progress Committee Inc gave $5K across 1 grant in 2025 (avg $5K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.

EIN
23-7442515
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$5,390
Grants made (2025)
1
Average grant
$5,390
Median grant
$5,390
Total assets
$1,156,090
Primary geography
Tennessee (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.2M

Annual Giving

$5K

Grant Count

1

Avg Grant Size

$5K

Under IRS private-foundation payout rules, Community Progress Committee Inc reported a distributable amount of $58K for 2025 — the minimum it must pay out in qualifying distributions.

How Community Progress Committee Inc gives

  • In 2025 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Lebanon

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K1 grant2025

In 2025 it made 1 grant totaling $5K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Cumberland University: $5KCumberland University$5K

The largest 2025 recipient was Cumberland University ($5K).

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Cumberland University Lebanon, TNIgnite the Vision Campaign$5,390

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2025
Metric2025
Total Assets$1,156,090
Revenue$65,134
Expenses$34,145
Qualifying Distributions$5,390
Net Investment Income$34,701
Distributable Amount$57,552

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 3, 2026)
  2. IRS filings on file for fiscal year 2025

Leadership & Key People

Officers and directors from IRS filings

Community Progress Committee Inc is led by Harold G. Bone Jr., President on the 2025 filing; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Harold G. Bone Jr.

    President

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Margaret S. Bone

    Secretary & Treasurer

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Community Progress Committee Inc

How much does Community Progress Committee Inc give each year?

Community Progress Committee Inc gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.

How large is Community Progress Committee Inc?

Community Progress Committee Inc reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $58K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Community Progress Committee Inc operate?

Community Progress Committee Inc has awarded grants in Tennessee.

What is Community Progress Committee Inc's EIN?

Community Progress Committee Inc's EIN (Employer Identification Number) is 23-7442515. IRS Form 990 filing data is available on this page for 2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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