Civic Intelligence

Professional Athletes Foundation

990 • Fiscal year 2022 • EIN 52-1205920

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

1133 20th Street NWWashington, DC 20036

(202) 756-9100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

15th percentile

0.06x

Higher debt load relative to revenue than 15% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

15th percentile

-13%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

50%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$34,685,437

Down $4,976,282 (-13%) from 2021

Net Assets

Down

$34,370,249

Down $5,084,633 (-13%) from 2021

Liabilities

Up

$315,188

Up $108,351 (+52%) from 2021

Revenue

Up

$5,429,644

Up $1,815,355 (+50%) from 2021

Expenses

Up

$4,023,462

Up $753,299 (+23%) from 2021

Net Income

Up

$1,406,182

Up $1,062,056 (+309%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $21,315,122Liabilities 2011: $530,6312011Assets 2012: $23,844,791Liabilities 2012: $15,9162012Assets 2013: $27,104,314Liabilities 2013: $80,1942013Assets 2014: $29,403,345Liabilities 2014: $17,5072014Assets 2015: $28,787,805Liabilities 2015: $155,2322015Assets 2019: $32,677,129Liabilities 2019: $53,273Net Assets 2019: $32,623,8562019Assets 2020: $36,444,275Liabilities 2020: $51,936Net Assets 2020: $36,392,3392020Assets 2021: $39,661,719Liabilities 2021: $206,837Net Assets 2021: $39,454,8822021Assets 2022: $34,685,437Liabilities 2022: $315,188Net Assets 2022: $34,370,2492022Assets 2023: $37,052,683Liabilities 2023: $200,277Net Assets 2023: $36,852,4062023Assets 2024: $39,776,192Liabilities 2024: $312,029Net Assets 2024: $39,464,1632024

Highlighted filing

2022

Assets$34,685,437
Liabilities$315,188
Net Assets$34,370,249

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,568,534Expenses 2011: $1,663,747Net Income 2011: $904,7872011Revenue 2012: $4,009,989Expenses 2012: $1,525,505Net Income 2012: $2,484,4842012Revenue 2013: $6,309,103Expenses 2013: $2,268,860Net Income 2013: $4,040,2432013Revenue 2014: $2,853,677Expenses 2014: $3,046,019Net Income 2014: -$192,3422014Revenue 2015: $2,939,701Expenses 2015: $3,335,250Net Income 2015: -$395,5492015Revenue 2019: $4,744,180Expenses 2019: $4,508,548Net Income 2019: $235,6322019Revenue 2020: $4,166,574Expenses 2020: $2,449,087Net Income 2020: $1,717,4872020Revenue 2021: $3,614,289Expenses 2021: $3,270,163Net Income 2021: $344,1262021Revenue 2022: $5,429,644Expenses 2022: $4,023,462Net Income 2022: $1,406,1822022Revenue 2023: $4,005,784Expenses 2023: $4,531,855Net Income 2023: -$526,0712023Revenue 2024: $10,638,551Expenses 2024: $4,542,361Net Income 2024: $6,096,1902024

Highlighted filing

2022

Revenue$5,429,644
Expenses$4,023,462
Net Income$1,406,182
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$20,069,302
Mission and Program Overview

Mission

Professional athletes foundation provides grant assistance to support any former professional and amateur football player or his immediate family member in times of financial crisis. Professional athletes foundation also provides wellness initiatives, health screenings and other resources to improve quality of life. Additionally, the professional athletes foundation provides scholarships to high school graduates that have confirmed plans to compete in collegiate activities.

See schedule o response for part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,332,316$25,133,095▼ $7,199,221
Investments Other Securities$2,709,359$3,541,446▲ $832,087
Accounts Receivable$1,475,226$2,419,856▲ $944,630
Savings and Temporary Cash Investments$2,986,676$1,845,073▼ $1,141,603
Cash and Non-Interest-Bearing Accounts$103,033$1,602,275▲ $1,499,242
Prepaid Expenses and Deferred Charges$55,109$94,762▲ $39,653
Land, Buildings, and Equipment, Net$0$48,930▲ $48,930
Total Assets$39,661,719$34,685,437▼ $4,976,282
Liabilities
Accounts Payable and Accrued Expenses$206,837$315,188▲ $108,351
Total Liabilities$206,837$315,188▲ $108,351
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,454,882$34,370,249▼ $5,084,633
Total Net Assets Fund Balance$39,454,882$34,370,249▼ $5,084,633
Total Liabilities and Net Assets / Fund Balance$39,661,719$34,685,437▼ $4,976,282

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$48,930$271,543$320,473
Closely Held Equity Interests$3,541,446--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nolan HarrisonActing Chairman
Demaurice SmithChairman
Charles SwisherDirector
David JoynerDirector
Dewey McclainDirector
Emery MooreheadDirector
Ken JollyDirector
Maxine BakerDirector
Ned EhrlichDirector
Pete KendallDirector
Yvette StewartDirector
Andre CollinsExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$3,588,915
Program Service Revenue
$0
Investment Income
$1,828,441
Other Revenue
$12,288
All Other Contributions
$3,588,915
Change in Net Assets
$1,406,182

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,315,310
Revenue Not Reported on Financial Statements
$114,334
Revenue Not Reported on Form 990
$-6,490,815
Total Revenue per Audited Statements
$-1,175,505
Total Revenue per Form 990
$5,429,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,013,541
Other Expenses$811,574
Salaries, Compensation, and Employee Benefits$198,347
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,532,841--$2,532,841
Grants to Domestic Orgs$480,700--$480,700
Other Expenses$248,156--$248,156
Travel$165,840--$165,840
Other Salaries and Wages$124,825$16,157-$140,982
Fees for Services Legal-$121,978-$121,978
Fees for Service Investment Mgmnt Fees-$114,334-$114,334
Fees for Services Other$3,200$77,630-$80,830
Conferences and Meetings$32,140--$32,140
Office Expenses$30,551--$30,551
Other Employee Benefits$25,844$3,345-$29,189
Pension Plan Contributions$15,771$2,041-$17,812
Fees for Services Accounting-$17,745-$17,745
Payroll Taxes$9,176$1,188-$10,364
Total Functional Expenses$3,669,044$354,418$0$4,023,462

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,023,462
Expenses per Audited Statements$3,909,128
Total Expenses per Audited Statements$3,909,128
Expenses Not Reported on Financial Statements$114,334
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Living Heart Foundation Inc-501(c)(3)Charitable Contribution$325,000
Capitol Movement-501(c)(3)Charitable Contribution$15,000
Goodie Two Shoes Foundation Inc-501(c)(3)Charitable Contribution$15,000
The Winning Circle-501(c)(3)Charitable Contribution$15,000
Goals for Life Foundation Inc-501(c)(3)Charitable Contribution$10,000
Isaac Bruce Foundation-501(c)(3)Charitable Contribution$10,000
Make the World Better Foundation Inc-501(c)(3)Charitable Contribution$10,000
Nuts About Health Inc-501(c)(3)Charitable Contribution$10,000
Orlando Serve Foundation-501(c)(3)Charitable Contribution$7,500
The Priest Holmes Foundation-501(c)(3)Charitable Contribution$7,500
Love Your Brain Foundation-501(c)(3)Charitable Contribution$6,000
Brignace Brigade Foundation Inc-501(c)(3)Charitable Contribution$5,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is drafted through a collaborative effort of the professional athletes foundation's outside audit firm and in-house financial professionals. Final form 990 is distributed to the board prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a specifically written conflict of interest policy which requires officers and directors to disclose, annually, interests that could give rise of conflicts.

Form 990, Part VI, Section C, Line 19

The foundation's form 990 and governing documents are available as required by law upon request.

Filing and Contact Details

Filer

Filer Name
Professional Athletes Foundation
EIN
52-1205920
Phone
2027569100
Address
1133 20TH STREET NW, WASHINGTON, DC 20036

Signing Officer

Name
Andre Collins
Title
Executive Director
Phone
2027569100
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Collins
Formed
1980
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Erin Cranmer
Phone
2023319880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

During 1981, the foundation received the internal revenue service (irs) determination that it was exempt from income taxation under section 501(c)(3) as a charitable organization. It received a conditional exemption from the private foundation rules. During 2022, the foundation applied for tax exempt status as a public charity after recharacterizing their support. For the year ended december 31, 2021, the foundation filed form 990-pf and was subject to federal excise taxes imposed on private foundations at 1.39%. The excise tax is imposed on net investment income, as defined under federal law, which includes interest, dividends, and net realized gains on the sale of investments. The foundation was not liable for any other taxes under the internal revenue code. The classification as a private foundation does not adversely affect the foundation's status as a section 501(c)(3) organization. The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of december 31, 2022, the foundation has analyzed its tax positions and believes that all are more likely than not to be sustained upon examination. Income tax reporting years open for irs audit include the years 2019 through 2021.

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IRS990/Desc0PROFESSIONAL ATHLETES FOUNDATION PROVIDES GRANT ASSISTANCE TO SUPPORT ANY FORMER PROFESSIONAL AND AMATEUR FOOTBALL PLAYER OR HIS IMMEDIATE FAMILY MEMBER IN TIMES OF FINANCIAL CRISIS. PROFESSIONAL ATHLETES FOUNDATION ALSO PROVIDES WELLNESS INITIATIVES, HEALTH SCREENINGS AND OTHER RESOURCES TO IMPROVE QUALITY OF LIFE. ADDITIONALLY, THE PROFESSIONAL ATHLETES FOUNDATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL GRADUATES THAT HAVE CONFIRMED PLANS TO COMPETE IN COLLEGIATE ACTIVITIES.
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IRS990/MissionDesc0PROFESSIONAL ATHLETES FOUNDATION PROVIDES GRANT ASSISTANCE TO SUPPORT ANY FORMER PROFESSIONAL AND AMATEUR FOOTBALL PLAYER OR HIS IMMEDIATE FAMILY MEMBER IN TIMES OF FINANCIAL CRISIS. PROFESSIONAL ATHLETES FOUNDATION ALSO PROVIDES WELLNESS INITIATIVES, HEALTH SCREENINGS AND OTHER RESOURCES TO IMPROVE QUALITY OF LIFE. ADDITIONALLY, THE PROFESSIONAL ATHLETES FOUNDATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL GRADUATES THAT HAVE CONFIRMED PLANS TO COMPETE IN COLLEGIATE ACTIVITIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DURING 1981, THE FOUNDATION RECEIVED THE INTERNAL REVENUE SERVICE (IRS) DETERMINATION THAT IT WAS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) AS A CHARITABLE ORGANIZATION. IT RECEIVED A CONDITIONAL EXEMPTION FROM THE PRIVATE FOUNDATION RULES. DURING 2022, THE FOUNDATION APPLIED FOR TAX EXEMPT STATUS AS A PUBLIC CHARITY AFTER RECHARACTERIZING THEIR SUPPORT. FOR THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION FILED FORM 990-PF AND WAS SUBJECT TO FEDERAL EXCISE TAXES IMPOSED ON PRIVATE FOUNDATIONS AT 1.39%. THE EXCISE TAX IS IMPOSED ON NET INVESTMENT INCOME, AS DEFINED UNDER FEDERAL LAW, WHICH INCLUDES INTEREST, DIVIDENDS, AND NET REALIZED GAINS ON THE SALE OF INVESTMENTS. THE FOUNDATION WAS NOT LIABLE FOR ANY OTHER TAXES UNDER THE INTERNAL REVENUE CODE. THE CLASSIFICATION AS A PRIVATE FOUNDATION DOES NOT ADVERSELY AFFECT THE FOUNDATION'S STATUS AS A SECTION 501(C)(3) ORGANIZATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENTS OF ACTIVITIES. AS OF DECEMBER 31, 2022, THE FOUNDATION HAS ANALYZED ITS TAX POSITIONS AND BELIEVES THAT ALL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. INCOME TAX REPORTING YEARS OPEN FOR IRS AUDIT INCLUDE THE YEARS 2019 THROUGH 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NEED BASED AID PROVIDED TO FORMER NFL PLAYERS FOR CERTAIN COST OF LIVING AND MEDICAL EXPENDITURES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS TO HIGH SCHOOL GRADUATES THAT HAVE CONFIRMED PLANS TO COMPETE IN COLLEGIATE ACTIVITIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2CONTINUING EDUCATION FOR FORMER NFL PLAYERS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6CHARITABLE CONTRIBUTION

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