Professional Athletes Foundation

Tax-deductible

Washington, DC501(c)(3)Since 1980Recreation & SportsEIN 52-1205920Revenue $10.6M in FY2024

On file with the IRSyourpaf.com1133 20th Street Nw, 20036-3408 · Washington, DCTax-exempt since Jul 1981Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 10 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.8M a year · 32% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.6M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$312K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
+166% vs prior year
Spent
$4.5M
To programs
93%
Net assets
$39.5M
By yearFY2020–FY2024
Revenue
$10.6M
FY2024▲ +166%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$3.6M
FY2022$5.4M
FY2023$4.0M
FY2024$10.6M
Expenses
$4.5M
FY2024+0.2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$3.3M
FY2022$4.0M
FY2023$4.5M
FY2024$4.5M
Net assets
$39.5M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$36.4M
FY2021$39.5M
FY2022$34.4M
FY2023$36.9M
FY2024$39.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $4.2M Management & general 7% · $333K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Acting Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Joyner’s $500 as Director is at the 0th percentile of top reported officer pay among 291 $10–100M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Professional Athletes Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support to help people achieve their goals.

Questions for Professional Athletes Foundation

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Provided by the organization

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1 program · $4.2M · in their own filed words · FY2024
01

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.

$4.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2018
Total grants receivedfrom 1 funder$1.6M
Grants paid · 1,032 grants · $13.3M · 2020–2024
Unitemized GrantFY2024$2,167,494
Living Heart Foundation INCNJ · FY2024$345,000
Unitemized GrantFY2024$235,500
Smooth INCSC · FY2024$10,000
Smithsonian InstitutionDC · FY2024$10,000
Unitemized GrantFY2024$3,195
Unitemized GrantFY2023$2,393,390
Living Heart Foundation INCNJ · FY2023$325,000
Unitemized GrantFY2023$206,500
The Minneapolis FoundationMN · FY2023$40,000
Unitemized GrantFY2023$23,390
Fence at the Top INCCA · FY2023$15,000
City Care INCOK · FY2023$15,000
See all 1,032 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Investment incomeLn 3$6.8M
Gifts and grantsLn 1h$3.8M
Other incomeLn 4–11$115K
Money outPt IX
$4.5M
Ln 25
Programscol B$4.2M
Managementcol C$333K
Owns and owesPt X
$39.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$39.8M
LiabilitiesLn 26$312K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$6.8M
Other incomeLn 4–11$115K
Gains on assetsLn 7$5.9M
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$411K
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$33.0M
Land, buildings, equipmentLn 10c$79K
Total assetsLn 16$39.8M
LiabilitiesLn 26$312K
Net assetsLn 32$39.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.9M$2.9M
InvestmentsLn 11–13$31.1M$33.0M
Land, buildings, equipmentLn 10c$129K$79K
Total assetsLn 16$37.1M$39.8M
LiabilitiesLn 26$200K$312K
Net assetsLn 32$36.9M$39.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$392K$392K
Grants to domestic individualsLn 2$2.5M$2.5M
Other salaries and wagesLn 7$185K$175K$9K
Pension plan contributionsLn 8$22K$21K$1K
Other employee benefitsLn 9$42K$40K$2K
Payroll taxesLn 10$14K$13K$707
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$112K$112K
Other fees for servicesLn 11g$27K$27K
Office expensesLn 13$4K$4K
TravelLn 17$455K$415K$41K
Conferences, conventions and meetingsLn 19$30K$3K$27K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$678K$649K$29K
Total functional expensesLn 25$4.5M$4.2M$333K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $10.6M$4.5M$6.1M$39.5M 990 PDF
FY2023 $4.0M$4.5M−$526K$36.9M 990 PDF
FY2022 $5.4M$4.0M$1.4M$34.4M 990 PDF
FY2021 $3.6M$3.3M$344K$39.5M 990 PDF
FY2020 $4.2M$2.4M$1.7M$36.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $10,638,551 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,118,676$3,754,660
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $858,009$6,769,056
I-11 Other revenuePrior year $29,099$114,835
I-12 Total revenuePrior year $4,005,784$10,638,551
I-13 Grants and similar amounts paidPrior year $3,134,080$2,892,205
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $227,468$262,900
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,170,307$1,387,256
I-18 Total expensesPrior year $4,531,855$4,542,361
I-19 Revenue less expensesPrior year −$526,071$6,096,190
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $10,638,551 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,754,660
VIII-1h Total contributions, gifts and grants$3,754,660
VIII-3 Investment incomeExcluded from tax $854,232$854,232
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,914,824$5,914,824
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $114,835$114,835
VIII-12 Total revenueRelated to mission $114,835 · Unrelated business $0 · Excluded from tax $6,769,056$10,638,551
Part IX · Statement of functional expenses $4,542,361 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $392,200$392,200
IX-2 Grants to domestic individualsPrograms $2,500,005$2,500,005
IX-7 Other salaries and wagesPrograms $175,478 · Management $9,236$184,714
IX-8 Pension plan contributionsPrograms $20,943 · Management $1,102$22,045
IX-9 Other employee benefitsPrograms $39,909 · Management $2,101$42,010
IX-10 Payroll taxesPrograms $13,424 · Management $707$14,131
IX-11b Legal feesManagement $1,011$1,011
IX-11c Accounting feesManagement $26,406$26,406
IX-11f Investment management feesManagement $111,522$111,522
IX-11g Other fees for servicesManagement $26,950$26,950
IX-13 Office expensesManagement $3,803$3,803
IX-17 TravelPrograms $414,845 · Management $40,567$455,412
IX-19 Conferences, conventions and meetingsPrograms $3,251 · Management $27,229$30,480
IX-22 Depreciation, depletion and amortizationManagement $49,917$49,917
IX-23 InsuranceManagement $3,643$3,643
IX-24 Other expenses (24a–d)Programs $649,216 · Management $28,896$678,112
IX-25 Total functional expensesPrograms $4,209,271 · Management $333,090 · Fundraising $0$4,542,361
Part X · Balance sheet $39,776,192 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $195,599$2,471,679
X-2 Savings and temporary cash investmentsStart of year $2,713,213$411,371
X-4 Accounts receivableStart of year $2,901,122$3,572,029
X-8 Inventories for sale or use$187,911
X-9 Prepaid expenses and deferred chargesStart of year $43,667$4,647
X-10c Land, buildings and equipment, netStart of year $128,954$79,037
X-11 Publicly traded securitiesStart of year $27,337,521$29,025,975
X-12 Other securitiesStart of year $3,732,607$4,023,543
X-16 Total assetsStart of year $37,052,683$39,776,192
X-17 Accounts payable and accrued expensesStart of year $200,277$312,029
X-26 Total liabilitiesStart of year $200,277$312,029
X-27 Net assets without donor restrictionsStart of year $36,852,406$39,464,163
X-32 Total net assets or fund balancesStart of year $36,852,406$39,464,163
X-33 Total liabilities and net assetsStart of year $37,052,683$39,776,192
Part XI · Reconciliation of net assets $39,464,163 net assets at year end
XI-1 Total revenue$10,638,551
XI-2 Total expenses$4,542,361
XI-3 Revenue less expenses$6,096,190
XI-4 Net assets at start of year$36,852,406
XI-5 Net unrealized gains (losses) on investments−$3,484,433
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,464,163

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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