Nonprofit · EIN 45-4417763
PROVERBS 226
Tax-exempt · CONCORD, NC 28025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,468,521 | $632,311 | $39,836,210 | $39,889,964 | $0 | $39,889,964 |
| December 31, 2023 | 990 | $272,607 | $231,027 | $41,580 | $53,754 | $0 | $53,754 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,468,521
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $434,744
- Other salaries and wages
- $5,419
- Salaries, compensation and benefits (total)
- $5,940
- Professional fundraising fees
- $0
- Occupancy
- $4,199
- Travel
- $5,101
- Program services (functional)
- $573,873
- Management and general (functional)
- $55,586
- Fundraising (functional)
- $2,852
Balance sheet and other
- Total assets, start of year
- $53,754
- Total assets, end of year
- $39,889,964
- Total liabilities, end of year
- $0
- Net assets, end of year
- $39,889,964
- Land, buildings and equipment
- $39,842,140
- Net assets without donor restrictions
- $39,889,964
- Gross receipts
- $40,468,521
- Employees
- 0
- Volunteers
- 200
- Year formed
- 2012
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cyril Prabhu | President Trustee or director, Officer | 40 | $0 |
| Daniel Michiels | Secretary/Treasurer Trustee or director, Officer | 2 | $0 |
| Jim Nash | Director of Corporate Relations Trustee or director | 2 | $0 |
| David Anthony | Director of Technology and Infrastructure Trustee or director | 2 | $0 |
| Josiah Goins | Director of Fundraising Trustee or director | 2 | $0 |
| Phyllis Finch | Director of College Onboarding and Scholarships Trustee or director | 2 | $0 |
| Vasanth Chandran | Director of Prison Initiatives | 2 | $0 |
| Sarah Jackson | Director of Family Affairs Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cyril Prabhu | President Trustee or director, Officer | 25 | $0 |
| Jim Nash | Director Trustee or director, Officer | 2 | $0 |
| Phyllis Finch | Director Trustee or director | 2 | $0 |
| Daniel Michiels | Director Trustee or director | 2 | $0 |
| Paul Atkinson | Director Trustee or director | 2 | $0 |
| David Antony | Director Trustee or director | 2 | $0 |
| Sarah Jackson | Director Trustee or director | 2 | $0 |
| Selva Devados | Director Trustee or director | 2 | $0 |
| Jim Seward | Director Trustee or director | 2 | $0 |
| Catina Goode | Key Employee Key employee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 11 UNION ST S, CONCORD, NC 28025-5059
- In care of
- % CYRIL PRABHU
- Mailing address (990-N for 2013)
- 2929 Wheat Meadow Ln, Charlotte NC 28270
- Principal officer (990 for 2024)
- Cyril Prabhu, 3122 Fincher Farm Rd Ste 100-531, Matthews, NC 28105
- Principal officer (990-N for 2013)
- Cyril Prabhu, 2929 Wheat Meadow Ln, Charlotte NC 28270
- Signed the 990
- Daniel Michiels, Treasurer
- Phone
- (631) 671-3316
- Website
- www.proverbs226.org
- Return prepared by
- D Michiels CPA PLLC
Mission
Proverbs226 is an evidence-based non-profit committed to healing families affected by parental incarceration. We are breaking the cycle of generational incarceration and awakening the potential within each child by empowering them to pursue a sustainable career.
Program accomplishments
- Prison Initiative- Incarcerated parents are given the opportunity to ask their children for forgiveness and reestablish a relationship with their children, themselves and the lord.Expenses $563,208
- Kids 2 Careers- Children with incarcerated parents are granted scholarships to attend college and/or trade schools based on both merit and need.Expenses $10,665
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4417763
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $39,889,964
- Income (IRS master file)
- $40,468,521
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,468,521 | $632,311 | $39,889,964 | XML |
| 990 | December 2023 | $272,607 | $231,027 | $53,754 | XML |
| 990 | December 2022 | $223,980 | $236,707 | $60,292 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Cyril Prabhu | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4417763).
Questions about PROVERBS 226
- What is the EIN of PROVERBS 226?
- The employer identification number (EIN) of PROVERBS 226 is 45-4417763.
- Is PROVERBS 226 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to PROVERBS 226 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROVERBS 226 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROVERBS 226 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVERBS 226 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROVERBS 226?
- The 990 for the year ended December 31, 2024 names Cyril Prabhu.
- Who are the officers and directors of PROVERBS 226?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does PROVERBS 226 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,468,521, expenses of $632,311 and total assets of $39,889,964 at year end.
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