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← PROFESSIONAL ATHLETES FOUNDATION

Form 990 for tax year 2024

Filed by PROFESSIONAL ATHLETES FOUNDATION.

Totals

Total revenue
$10,638,551
Total expenses
$4,542,361
Contributions and grants received
$3,754,660
Grants paid
$2,892,205
Program service revenue
$0
Investment income
$6,769,056
Other revenue
$114,835
Total assets, end of year
$39,776,192
Total liabilities, end of year
$312,029
Net assets or fund balances, end of year
$39,464,163
Program services expenses (Part IX)
$4,209,271
Management and general expenses
$333,090
Fundraising expenses
$0
Program service expenses (Part III)
$4,209,271

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,754,660

  • 3 · Investment income

    total $854,232 · excluded $854,232

  • 7a · Gross sales of assets other than inventory

    securities $19,047,046

  • 7b · Less cost or other basis and sales expenses

    securities $13,132,222

  • 7c · Gain or loss

    securities $5,914,824

  • 7d · Net gain or loss

    total $5,914,824 · excluded $5,914,824

  • 11a · Other revenue: MISCELLANEOUS REFUNDS

    total $114,835 · related or exempt $114,835

  • 11e · Other revenue, total

    $114,835

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $392,200 · program services $392,200

  • 2 · Grants to domestic individuals

    total $2,500,005 · program services $2,500,005

  • 7 · Other salaries and wages

    total $184,714 · program services $175,478 · management and general $9,236

  • 8 · Pension plan contributions

    total $22,045 · program services $20,943 · management and general $1,102

  • 9 · Other employee benefits

    total $42,010 · program services $39,909 · management and general $2,101

  • 10 · Payroll taxes

    total $14,131 · program services $13,424 · management and general $707

  • 11b · Fees: legal

    total $1,011 · management and general $1,011

  • 11c · Fees: accounting

    total $26,406 · management and general $26,406

  • 11f · Fees: investment management

    total $111,522 · management and general $111,522

  • 11g · Fees: other

    total $26,950 · management and general $26,950

  • 13 · Office expenses

    total $3,803 · management and general $3,803

  • 17 · Travel

    total $455,412 · program services $414,845 · management and general $40,567

  • 19 · Conferences, conventions and meetings

    total $30,480 · program services $3,251 · management and general $27,229

  • 22 · Depreciation, depletion and amortization

    total $49,917 · management and general $49,917

  • 23 · Insurance

    total $3,643 · management and general $3,643

  • 24a · Other expenses: FORMER PLAYER PROGRAMS

    total $649,216 · program services $649,216

  • 24b · Other expenses: FEDERAL INCOME TAX EXPE

    total $28,896 · management and general $28,896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,599 · end of year $2,471,679

  • 2 · Savings and temporary cash investments

    beginning of year $2,713,213 · end of year $411,371

  • 4 · Accounts receivable

    beginning of year $2,901,122 · end of year $3,572,029

  • 8 · Inventories for sale or use

    end of year $187,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,667 · end of year $4,647

  • 10a · Land, buildings and equipment: cost or other basis

    $300,942

  • 10b · Land, buildings and equipment: accumulated depreciation

    $221,905

  • 10c · Land, buildings and equipment, net

    beginning of year $128,954 · end of year $79,037

  • 11 · Investments: publicly traded securities

    beginning of year $27,337,521 · end of year $29,025,975

  • 12 · Investments: other securities

    beginning of year $3,732,607 · end of year $4,023,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,277 · end of year $312,029

  • 27 · Net assets without donor restrictions

    beginning of year $36,852,406 · end of year $39,464,163

Mission and programs · 2024

Mission

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. ADDITIONALLY, THE PROFESSIONAL ATHLETES FOUNDATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL GRADUATES THAT HAVE CONFIRMED PLANS TO COMPETE IN COLLEGIATE ACTIVITIES.

Activities or mission (Part I)

SEE SCHEDULE O RESPONSE FOR PART III, LINE 1

  • 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. ADDITIONALLY, THE PROFESSIONAL ATHLETES FOUNDATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL GRADUATES THAT HAVE CONFIRMED PLANS TO COMPETE IN COLLEGIATE ACTIVITIES.

    Expenses $4,209,271 · Grants $2,892,205

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lloyd Howell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Nolan Harrison

    ACTING CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Ned Ehrlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Emery Moorehead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ken Jolly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Swisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pete Kendall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maxine Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Yvette Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dewey McClain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andre Collins

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349304175

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