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PROGRESS FLORIDA EDUCATION INSTITUTE, INC. - Florida Company Profile

Company Details

Entity Name: PROGRESS FLORIDA EDUCATION INSTITUTE, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PROGRESS FLORIDA EDUCATION INSTITUTE, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 13 Feb 2012 (13 years ago)
Document Number: P12000015294
Address: *SEE N13000001041, *, FL
Mail Address: *SEE N13000001041, *, FL
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
FERRULO MARK Agent 1010 CENTRAL AVE #209, ST. PETERSBURG, FL33705

Documents

Name Date
INFO ONLY 2013-02-04

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
45-4469756 Corporation Unconditional Exemption 200 2ND AVE SOUTH STE 808, SAINT PETERSBURG, FL, 33701-4313 2013-11
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Educational Organization, Local Association of Employees, Horticultural Organization, Business League, Voluntary Employees' Beneficiary Association (Govt. Emps.), Mutual Ditch or Irrigation Co., Cemetery Company, Other Mutual Corp. or Assoc.
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-06
Asset 500,000 to 999,999
Income 500,000 to 999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Jun
Asset Amount 896252
Income Amount 967572
Form 990 Revenue Amount 967572
National Taxonomy of Exempt Entities Civil Rights, Social Action, Advocacy: Voter Education, Registration
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_45-4469756_PROGRESSFLORIDAEDUCATIONINSTITUTEINC_04232012_01.tif
FinalLetter_45-4469756_PROGRESSFLORIDAEDUCATIONINSTITUTEINC_04232012_02.tif

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name PROGRESS FLORIDA EDUCATION INSTITUTEINC
EIN 45-4469756
Tax Period 202206
Filing Type E
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTEINC
EIN 45-4469756
Tax Period 202106
Filing Type E
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 202006
Filing Type P
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 202006
Filing Type P
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 201906
Filing Type P
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 201806
Filing Type P
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 201706
Filing Type P
Return Type 990
File View File
Organization Name PROGRESS FLORIDA EDUCATION INSTITUTE INC
EIN 45-4469756
Tax Period 201606
Filing Type P
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2631677307 2020-04-29 0455 PPP 200 2nd Ave. South #808, St. Petersburg, FL, 33701
Loan Status Date 2021-02-23
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 31187.5
Loan Approval Amount (current) 31187.5
Undisbursed Amount 0
Franchise Name -
Lender Location ID 225134
Servicing Lender Name Truist Bank
Servicing Lender Address 214 N Tryon St, CHARLOTTE, NC, 28202-1078
Rural or Urban Indicator U
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address St. Petersburg, PINELLAS, FL, 33701-0001
Project Congressional District FL-13
Number of Employees 3
NAICS code 813319
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 225134
Originating Lender Name Truist Bank
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 31397.15
Forgiveness Paid Date 2021-01-11

Date of last update: 02 Mar 2025

Sources: Florida Department of State