Proscholars Athletics

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 08/2023, Proscholars Athletics generated $508.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $245.2k during the year ending 08/2023. While expenses have increased by 13.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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 - Line 4a

SCHOLARSHIP PROGRAM - THE PROSCHOLARS ATHLETICS INC SCHOLARSHIP PROGRAM HAS EARNED OVER 30 STUDENT ATHLETES APPROXIMATELY $18 MILLION IN ATHLETIC-BASED SCHOLASTIC AWARDS AT THE COLLEGIATE AND SECONDARY SCHOOL LEVEL DURING THE CALENDAR YEAR 2019. THIS PROGRAM AIDS IN PROVIDING ACADEMIC SUPPORT, ATHLETIC MARKETING, AND SOCIAL-EMOTIONAL SUPPORT AND DEVELOPMENT FOR PROGRAM PARTICIPANTS TO HELP ENSURE THEY RECEIVE SCHOLARSHIP AWARDS UPON COMPLETION OF THE CALENDAR SCHOOL YEAR.


GENERAL PROGRAMS - THE PROSCHOLARS ATHLETICS INC. GENERAL PROGRAMS PROVIDE MENTORING AND CONTINUED LIFE SKILLS DEVELOPMENT AND SUPPORT FOR OVER 80 ALUMNI OF ITS SCHOLARSHIP PROGRAM. IN ADDITION, GENERAL PROGRAMS CONSIST OF THE ADMINISTRATIVE COSTS ASSOCIATED WITH RUNNING ALL ASPECTS OF THE ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Terrance Williams
Executive Director
$40,000
Andre Charles
Secretary
$0
Justin Weir
Treasurer
$0
Mark Carter
Board Member
$0
Andre Geddes
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$508,391
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$508,391
Total Program Service Revenue$0
Investment income $15
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $508,406

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