Proscholars Athletics
- Assets
- $307.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 01/2015
- Data as of
- 08/2021
- EIN
- 47-1749915
Organization Overview
Proscholars Athletics is located in Bronx, NY. The organization was established in 2015. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proscholars Athletics is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Proscholars Athletics generated $158.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $200.5k during the year ending 08/2021. While expenses have increased by 13.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROSCHOLARS ATHLETICS INC IS A SPORTS-BASED COLLEGE PREPARATORY PROGRAM SERVICING URBAN YOUTHS AGES 10-18 IN THE NEW YORK TRI-STATE AREA.
Describe the Organization's Program Activity:
Part 3
GENERAL PROGRAM- PROSCHOLARS ATHLETICS INC. (PSA) PURPOSES ARE TO PROVIDE MENTORING AND LIFE SKILLS DEVELOPMENT SERVICES FOR SOCIAL DEVELOPMENT OF UNDERSERVED YOUTH, TO PROVIDE ACADEMIC GUIDANCE, SCHOOL PLACEMENT, AND COUNSELING SERVICES FOR STUDENT-ATHLETES, AND TO DEVELOP THE ATHLETIC SKILLS OF THE PARTICIPATING STUDENT-ATHLETES THESE PURPOSES ARE INTENDED TO LESSEN NEIGHBORHOOD TENSIONS, TO ELIMINATE PREJUDICE AND DISCRIMINATION, AND TO COMBAT COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY THROUGH THE ADVANCEMENT OF SOCIAL WELFARE, THE RELIEF OF THE POOR AND UNDERPRIVILEGED, AND THE ADVANCEMENT OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrance Williams Executive Director | 40 | $40,000 | |
Jason Forde Chair | 15 | $0 | |
Justin Weir Treasurer | 15 | $0 | |
Andre Charles Secretary | 12 | $0 | |
Mark Carter Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,382 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $26 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,408 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,514 |
| Professional fees and other payments to independent contractors | $10,682 |
| Occupancy, rent, utilities, and maintenance | $5,403 |
| Printing, publications, postage, and shipping | $164 |
| Other expenses | $139,771 |
| Total expenses | $200,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,865 |
| Other assets | $0 |
| Total assets | $307,003 |
| Total liabilities | $0 |
| Net assets or fund balances | $307,003 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Proscholars Athletics has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Philadelphia Youth Basketball Inc Philadelphia, PA | $5,613,028 | $5,515,236 |
North Pittsburgh Youth Hockey Association Warrendale, PA | $437,392 | $1,288,322 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Shooting Touch Hyde Park, MA | $603,933 | $1,175,352 |
Amateur Athletic Union Of The United States Meriden, CT | $77,652 | $760,443 |
Coaching For Change Inc Taunton, MA | $1,018,552 | $1,148,634 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Renegades Southampton, PA | $191,636 | $540,042 |
Fundamental Hoops Inc North Andover, MA | $33,088 | $499,058 |
Ridgefield Basketball Association Inc Ridgefield, CT | $117,228 | $445,659 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |