Professional Athletes Foundation
- Assets
- $39.7m
- Revenue
- $3.6m
- Investments
- $35.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 52-1205920
Organization Overview
Professional Athletes Foundation is located in Washington, DC. The organization was established in 1981. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, 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. Professional Athletes Foundation 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 12/2021, Professional Athletes Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Professional Athletes Foundation has awarded 1,665 individual grants totaling $7,578,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Kendall Director | 2 | $500 | |
Charles Swisher Director | 2 | $500 | |
David Joyner Director | 2 | $500 | |
Maxine Baker Director | 2 | $500 | |
Ken Jolly Director | 2 | $500 | |
Dewey Mcclain Director | 2 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,598,315 |
| Interest on Savings | $0 |
| Dividends & Interest | $654,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,350,870 |
| Capital Gain Net Income | $1,350,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,344 |
| Total Revenue | $3,614,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $172,235 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,946 |
| Printing and publications | $0 |
| Other expenses | $383,093 |
| Total operating and administrative expenses | $660,791 |
| Contributions, gifts, grants paid | $2,609,372 |
| Total expenses and disbursements | $3,270,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,089,709 |
| Net Accounts receivable | $1,475,226 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,041,675 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $55,109 |
| Total assets | $39,661,719 |
| Accounts payable and accrued expenses | $206,837 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $206,837 |
Grants Awarded
Over the last fiscal year, Professional Athletes Foundation has awarded $2,609,372 in support to 613 organizations.
| Grant Recipient | Amount |
|---|---|
Little Silver, NJ PURPOSE: FORMER PLAYERS PROGRAMS | $325,000 |
MCLAIN KEVIN PURPOSE: GRANTS IN AID | $26,790 |
CARTHEN JASON PURPOSE: GRANTS IN AID | $21,821 |
WASHINGTON DONALD PURPOSE: GRANTS IN AID | $20,930 |
PITTS MICHAEL PURPOSE: GRANTS IN AID | $20,834 |
CARTER ALEXANDER PURPOSE: GRANTS IN AID | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Professional Athletes Foundation has recieved totaling $4,884,063.
| Awarding Organization | Amount |
|---|---|
National Football League Foundation New York, NY PURPOSE: NFL PLAYER CARE FOUNDATION | $1,628,021 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER CARE FOUNDATION | $1,628,021 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER CARE FOUNDATION | $1,628,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Athletes Foundation Washington, DC | $39,661,719 | $3,614,289 |
Indoor Football League Midlothian, VA | $630,646 | $423,204 |
Nfl Players Association Voluntary Employee Benefit Plan Washington, DC | $0 | $337,403 |
Professional Soccer Referees Association Inc Alexandria, VA | $560,039 | $215,330 |
Dc Rollergirls Washington, DC | $64,511 | $6,430 |