Nonprofit · EIN 47-1749915
PROSCHOLARS ATHLETICS
Tax-exempt · BRONX, NY 10451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $232,775 | $345,442 | -$112,667 | $144,737 | $6,979 | $137,758 |
| August 31, 2024 | 990-EZ | $186,388 | $341,549 | -$155,161 | $254,822 | $4,397 | $250,425 |
| August 31, 2023 | 990 | $508,406 | $245,157 | $263,249 | $412,104 | $6,518 | $405,586 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $228,757
- of which government grants
- $50,107
- Program service revenue
- $0
- Investment income
- $18
- Other revenue
- $4,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $39,833
- Salaries, compensation and benefits (total)
- $43,566
- Professional fundraising fees
- $0
- Accounting fees
- $15,595
- Occupancy
- $6,931
- Travel
- $227,538
- Program services (functional)
- $267,797
- Management and general (functional)
- $77,289
- Fundraising (functional)
- $356
Balance sheet and other
- Total assets, start of year
- $254,822
- Total assets, end of year
- $144,737
- Total liabilities, end of year
- $6,979
- Net assets, end of year
- $137,758
- Net assets without donor restrictions
- $137,758
- Gross receipts
- $232,775
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2014
- State of legal domicile
- NY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE WILLIAMS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $40,000 |
| ANDRE CHARLES | SECRETARY Trustee or director, Officer | 15 | $0 |
| JUSTIN WEIR | TREASURER Trustee or director, Officer | 15 | $0 |
| MARK CARTER | BOARD MEMBER Trustee or director | 5 | $0 |
| ANDRE GEDDES | BOARD MEMBER Trustee or director | 5 | $0 |
990-EZ for the year ended August 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE WILLIAMS | EXECUTIVE DIRECTOR | 40 | $40,000 |
| ANDRE CHARLES | SECRETARY | 15 | $0 |
| JUSTIN WEIR | TREASURER | 15 | $0 |
| MARK CARTER | BOARD MEMBER | 5 | $0 |
| ANDRE GEDDES | BOARD MEMBER | 5 | $0 |
990 for the year ended August 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE WILLIAMS | EXECUTIVE DIRECTOR Officer | 40 | $40,000 |
| ANDRE CHARLES | SECRETARY Trustee or director, Officer | 15 | $0 |
| JUSTIN WEIR | TREASURER Trustee or director, Officer | 15 | $0 |
| MARK CARTER | BOARD MEMBER Trustee or director | 5 | $0 |
| ANDRE GEDDES | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 73, BRONX, NY 10451-0073
- In care of
- % JASON FORDE
- Principal officer (990 for 2024)
- TERRANCE WILLIAMS, PO BOX 73, BRONX, NY 10451
- Signed the 990
- TERRANCE WILLIAMS, EXECUTIVE DIRECTOR
- Phone
- (917) 650-8245
- Website
- PROSCHOLARSATHLETICS.COM
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
PROSCHOLARS ATHLETICS INC IS A SPORTS-BASED COLLEGE PREPARATORY PROGRAM SERVICING URBAN YOUTHS AGES 10-18 IN THE NEW YORK TRI-STATE AREA.
Program accomplishments
- SCHOLARSHIP PROGRAM - THE PROSCHOLARS ATHLETICS INC SCHOLARSHIP PROGRAM HAS EARNED OVER 30 STUDENT ATHLETES APRROXIMATELY $18MILLION IN ATHLETIC BASED SCHOLASTIC AWARDS AT THE COLLEGIATE AND SECONDARY SCHOOL LEVEL DURING CALENDAR YEAR 2019. THIS PROGRAM AIDS IN PROVIDING ACADEMIC SUPPORT, ATHLETIC MARKETING, AND SOCIAL EMOTIONAL SUPPORT AND DEVELOPMENT FOR PROGRAM PARTICIPANTS TO HELP ENSURE THEY RECIEVE SCHOLARSHIP AWARDS UPON COMPLETION OF THE CALENDAR SCHOOL YEAR.Expenses $237,721
- GENERAL PROGRAMS - THE PROSCHOLARS ATHLETICS INC GENERAL PROGRAMS PROVIDES MENTORING AND CONTINUED LIFE SKILLS DEVELOPMENT AND SUPPORT FOR OVER 100 ALUMNI OF ITS SCHOLARSHIP PROGRAM. IN ADDITION, GENERAL PROGRAMS CONSISTS OF THE ADMINISTRATIVE COSTS ASSOCIATED WITH RUNNING ALL ASPECTS OF THE ORGANIZATION.Expenses $30,076
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 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 47-1749915
- 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
- 2015
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $144,737
- Income (IRS master file)
- $232,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $232,775 | $345,442 | $144,737 | XML |
| 990-EZ | August 2024 | $186,388 | $341,549 | $254,822 | XML |
| 990 | August 2023 | $508,406 | $245,157 | $412,104 | XML |
| 990 | August 2022 | $202,637 | $360,803 | $148,935 | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-EZ | August 2020 | – | – | – | IRS |
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 47-1749915).
Questions about PROSCHOLARS ATHLETICS
- What is the EIN of PROSCHOLARS ATHLETICS?
- The employer identification number (EIN) of PROSCHOLARS ATHLETICS is 47-1749915.
- Is PROSCHOLARS ATHLETICS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PROSCHOLARS ATHLETICS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSCHOLARS ATHLETICS 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 PROSCHOLARS ATHLETICS 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 PROSCHOLARS ATHLETICS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of PROSCHOLARS ATHLETICS?
- The 990 for the year ended August 31, 2025 names TERRANCE WILLIAMS.
- Who are the officers and directors of PROSCHOLARS ATHLETICS?
- The 990 for the year ended August 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $40,000 (TERRANCE WILLIAMS, EXECUTIVE DIRECTOR).
- How much revenue does PROSCHOLARS ATHLETICS have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $232,775, expenses of $345,442 and total assets of $144,737 at year end.
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