Prolific Prep
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Windsor, CA
- Founding
- 01/1966
- Data as of
- 08/2022
- EIN
- 46-3597471
Organization Overview
Prolific Prep is located in Windsor, CA. The organization was established in 1966. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Prolific Prep 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 08/2022, Prolific Prep generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $684.9k during the year ending 08/2022. While expenses have increased by 22.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFER UNIQUE OPPORTUNITY FOR THE HIGH-SCHOOL STUDENT-ATHELETE TO BE IMMERSED INTO AN ENVIRONMENT OF UNMATCHED BASKETBALL PERFORMANCE OFFERINGS ACCOMPANIED BY WORLD-CLASS COLLEGE PREPARATORY ACADEMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED A PROGRAM TO EXCEPTIONAL HIGH SCHOOL STUDENT ATHLETES TO TRAIN FOR THEIR SPORT AND COMPLETE ACADEMICS AT COLLEGE PREP LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Russotti Director | OfficerTrustee | 35 | $58,500 |
Philippe Doherty Director | Trustee | 35 | $28,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $919,342 |
| Investment income | $0 |
| 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 | $1,280,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,685 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,354 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,083 |
| Insurance | $6,670 |
| All other expenses | $81,276 |
| Total functional expenses | $684,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $771,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,094,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,300 |
| Total assets | $1,869,634 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,570 |
| Total liabilities | $52,570 |
| Net assets without donor restrictions | $1,817,064 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,869,634 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prolific Prep has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Social Services/Social Benefits | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Honolulu Marathon Association Honolulu, HI | $702,356 | $7,732,346 |
Big West Conference Irvine, CA | $7,929,557 | $7,534,520 |
Reno Air Racings Association Inc Reno, NV | $901,025 | $5,151,361 |
Southern California Tennis Association Los Angeles, CA | $6,892,008 | $5,027,831 |
San Diego Bowl Game Association San Diego, CA | $2,382,848 | $1,680,512 |
Shoot The Puck Foundation Inc Fresno, CA | $1,640,190 | $2,525,508 |
Oregon Gymnastics Academy Beaverton, OR | $1,082,474 | $1,692,678 |
Td4tucson Tucson, AZ | $1,275,054 | $1,690,367 |
Club One Az Chandler, AZ | $817,190 | $1,726,904 |
Newark Soccer Club Inc Newark, CA | $0 | $1,380,907 |
Sun Devil Gymnastics Booster Club Chandler, AZ | $148,122 | $1,133,409 |