Nonprofit · EIN 46-3597471
PROLIFIC PREP
Also known as One Percent Academy DBA-Prolific Prep
Tax-exempt · DEERFIELD BEACH, FL 33442
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $927,757 | $1,111,062 | -$183,305 | $2,003,415 | $101,971 | $1,901,444 |
| August 31, 2023 | 990 | $1,077,560 | $809,875 | $267,685 | $2,138,891 | $54,142 | $2,084,749 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $927,757
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $185,900
- Salaries, compensation and benefits (total)
- $200,121
- Professional fundraising fees
- $0
- Legal fees
- $27,309
- Travel
- $180,740
- Depreciation
- $18,212
- Program services (functional)
- $925,162
- Management and general (functional)
- $185,900
Balance sheet and other
- Total assets, start of year
- $2,138,891
- Total assets, end of year
- $2,003,415
- Total liabilities, end of year
- $101,971
- Net assets, end of year
- $1,901,444
- Land, buildings and equipment
- $1,071,782
- Net assets without donor restrictions
- $1,901,444
- Gross receipts
- $927,757
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- CA
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 August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY RUSSOTTI | Director Trustee or director, Officer | 35 | $0 |
| PHILIPPE DOHERTY | Director Trustee or director | 35 | $0 |
990 for the year ended August 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY RUSSOTTI | Director Trustee or director, Officer | 35 | $0 |
| PHILIPPE DOHERTY | Director Trustee or director | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 1002 E NEWPORT CENTER DRIVE, DEERFIELD BEACH, FL 33442-7752
- Mailing address (990-N for 2013)
- 1597 Greenwood Avenue, Calistoga CA 94515
- Principal officer (990 for 2023)
- JEREMY RUSSOTTI, 1223 SEGHESIO WAY, WINDSOR, CA 95492
- Principal officer (990-N for 2013)
- David Goodrich, 1597 Greenwood Avenue, Calistoga CA 94515
- Signed the 990
- JEREMY RUSSOTTI, MANAGING DIRECTOR
- Phone
- (707) 849-1212
- Website
- prolificprep.org
- Return prepared by
- M Green and Company LLP
Mission
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.
Program accomplishments
- Offered a program to exceptional high school student athletes to train for their sport and complete academics at college prep level.Expenses $925,162
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Check at the IRS |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 46-3597471
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2026
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $1,817,934
- Income (IRS master file)
- $1,087,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $927,757 | $1,111,062 | $2,003,415 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $1,077,560 | $809,875 | $2,138,891 | XML |
| 990 | August 2022 | $1,280,737 | $684,874 | $1,869,634 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990-N for 2013 Officer: David Goodrich | August 31, 2014 | ≤ $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 46-3597471).
Questions about PROLIFIC PREP
- What is the EIN of PROLIFIC PREP?
- The employer identification number (EIN) of PROLIFIC PREP is 46-3597471.
- Is PROLIFIC PREP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to PROLIFIC PREP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROLIFIC PREP 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 PROLIFIC PREP due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROLIFIC PREP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of PROLIFIC PREP?
- The 990 for the year ended August 31, 2024 names JEREMY RUSSOTTI.
- Who are the officers and directors of PROLIFIC PREP?
- The 990 for the year ended August 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does PROLIFIC PREP have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $927,757, expenses of $1,111,062 and total assets of $2,003,415 at year end.
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