Professional Athletes Foundation FY2022 filing

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501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
10.3 mo
of spending, in cash
Plus $28.7M in investments, Pt X · Ln 11–13
10.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.6M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$315K
0.9% of total assets
Liabilities are 0.9% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.4M
+50% vs prior year
Spent
$4.0M
To programs
91%
Net assets
$34.4M
By yearFY2020–FY2024
Revenue
$5.4M
FY2022▲ +50%
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
$4.0M
FY2022▲ +23%
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
$34.4M
FY2022▼ -13%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $3.7M Management & general 9% · $354K

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
$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 →

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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Your first name shows with your question. Professional Athletes Foundation answers here, for everyone.

1 program · $3.7M · in their own filed words · FY2022
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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1205920) · Dispute this line
$3.7Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$12K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.7M
Managementcol C$354K
Owns and owesPt X
$34.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$34.7M
LiabilitiesLn 26$315K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$12K
Gains on assetsLn 7$971K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$3.4M
Accounts receivableLn 4$2.4M
Prepaid expenses and deferred chargesLn 9$95K
Land, buildings, equipmentLn 10c$49K
InvestmentsLn 11–13$28.7M
Total assetsLn 16$34.7M
LiabilitiesLn 26$315K
Net assetsLn 32$34.4M
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 FY22End FY22
Cash and savingsLn 1–2$3.1M$3.4M
InvestmentsLn 11–13$35.0M$28.7M
Land, buildings, equipmentLn 10c$0$49K
Total assetsLn 16$39.7M$34.7M
LiabilitiesLn 26$207K$315K
Net assetsLn 32$39.5M$34.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$481K$481K
Grants to domestic individualsLn 2$2.5M$2.5M
Other salaries and wagesLn 7$141K$125K$16K
Pension plan contributionsLn 8$18K$16K$2K
Other employee benefitsLn 9$29K$26K$3K
Payroll taxesLn 10$10K$9K$1K
Legal feesLn 11b$122K$122K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$114K$114K
Other fees for servicesLn 11g$81K$3K$78K
Office expensesLn 13$31K$31K
TravelLn 17$166K$166K
Conferences, conventions and meetingsLn 19$32K$32K
Other expenses (24a–d)Ln 24$248K$248K
Total functional expensesLn 25$4.0M$3.7M$354K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $10.6M$4.5M$6.1M$39.5M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $4.0M$4.5M−$526K$36.9M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $5.4M$4.0M$1.4M$34.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $3.6M$3.3M$344K$39.5M 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $4.2M$2.4M$1.7M$36.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $5,429,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,580,543$3,588,915
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $654,760$1,828,441
I-11 Other revenuePrior year $1,378,313$12,288
I-12 Total revenuePrior year $3,613,616$5,429,644
I-13 Grants and similar amounts paidPrior year $2,608,699$3,013,541
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $172,160$198,347
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $488,631$811,574
I-18 Total expensesPrior year $3,269,490$4,023,462
I-19 Revenue less expensesPrior year $344,126$1,406,182
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $5,429,644 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,588,915
VIII-1h Total contributions, gifts and grants$3,588,915
VIII-3 Investment incomeExcluded from tax $857,442$857,442
VIII-7 Net gain or loss on sales of assetsExcluded from tax $970,999$970,999
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,288$12,288
VIII-12 Total revenueRelated to mission $12,288 · Unrelated business $0 · Excluded from tax $1,828,441$5,429,644
Part IX · Statement of functional expenses $4,023,462 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $480,700$480,700
IX-2 Grants to domestic individualsPrograms $2,532,841$2,532,841
IX-7 Other salaries and wagesPrograms $124,825 · Management $16,157$140,982
IX-8 Pension plan contributionsPrograms $15,771 · Management $2,041$17,812
IX-9 Other employee benefitsPrograms $25,844 · Management $3,345$29,189
IX-10 Payroll taxesPrograms $9,176 · Management $1,188$10,364
IX-11b Legal feesManagement $121,978$121,978
IX-11c Accounting feesManagement $17,745$17,745
IX-11f Investment management feesManagement $114,334$114,334
IX-11g Other fees for servicesPrograms $3,200 · Management $77,630$80,830
IX-13 Office expensesPrograms $30,551$30,551
IX-17 TravelPrograms $165,840$165,840
IX-19 Conferences, conventions and meetingsPrograms $32,140$32,140
IX-24 Other expenses (24a–d)Programs $248,156$248,156
IX-25 Total functional expensesPrograms $3,669,044 · Management $354,418 · Fundraising $0$4,023,462
Part X · Balance sheet $34,685,437 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $103,033$1,602,275
X-2 Savings and temporary cash investmentsStart of year $2,986,676$1,845,073
X-4 Accounts receivableStart of year $1,475,226$2,419,856
X-9 Prepaid expenses and deferred chargesStart of year $55,109$94,762
X-10c Land, buildings and equipment, netStart of year $0$48,930
X-11 Publicly traded securitiesStart of year $32,332,316$25,133,095
X-12 Other securitiesStart of year $2,709,359$3,541,446
X-16 Total assetsStart of year $39,661,719$34,685,437
X-17 Accounts payable and accrued expensesStart of year $206,837$315,188
X-26 Total liabilitiesStart of year $206,837$315,188
X-27 Net assets without donor restrictionsStart of year $39,454,882$34,370,249
X-32 Total net assets or fund balancesStart of year $39,454,882$34,370,249
X-33 Total liabilities and net assetsStart of year $39,661,719$34,685,437
Part XI · Reconciliation of net assets $34,370,249 net assets at year end
XI-1 Total revenue$5,429,644
XI-2 Total expenses$4,023,462
XI-3 Revenue less expenses$1,406,182
XI-4 Net assets at start of year$39,454,882
XI-5 Net unrealized gains (losses) on investments−$6,490,815
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,370,249

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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