//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Prosource Foundation Inc. is a private corporation based in MANASQUAN, NJ. The foundation received its IRS ruling in 2002. The principal officer is The Foundation. It holds total assets of $726K. Annual income is reported at $251K. Total assets have decreased from $1.2M in 2011 to $689K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey and Arizona. According to available records, Prosource Foundation Inc. has made 17 grants totaling $105K, with a median grant of $5K. The foundation has distributed between $49K and $56K annually from 2022 to 2023. Individual grants have ranged from $500 to $20K, with an average award of $6K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Arizona, New Jersey, New York, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$8K
Largest Grant
$20K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Prosource Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in AZ, NJ, NY.
Prosource Foundation Inc. has distributed a total of $105K across 17 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $500 to $20K.
Prosource Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Prosource Foundation Inc. is headquartered in MANASQUAN, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tracy Chinery | TRUSTEE | $0 | $0 | N/A |
| Robert Chinery Jr | TRUSTEE | $0 | $0 | N/A |
| William R Hagaman Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$56K
Total Assets
$689K
Fair Market Value
$689K
Net Worth
$689K
Grants Paid
$49K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$33K
Total: $439K
Total Grants
17
Total Giving
$105K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Treasure HouseUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Glendale, AZ | $20K | 2023 |
| First Things First - Tax Id #43-1921463UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Phoenix, AZ | $10K | 2023 |
| Subject MatterUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | New York, NY | $5K | 2023 |
| Monmouth University - Tax Id #21-0634584UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | West Long Branch, NJ | $5K | 2023 |
| St Rose High School - Tax Id# 22-3320474UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Belmar, NJ | $5K | 2023 |
| Carnegie HallUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | New York, NY | $3K | 2023 |
| Ocean Of LoveUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Toms River, NJ | $1K | 2023 |
| The Stuttering Association For The YoungUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | New York, NY | $6K | 2022 |
| Spring Lake Community House & TheatreUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Spring Lake, NJ | $3K | 2022 |
| Lower Twp Elementary Education FdnUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Wildwond Crest, NJ | $3K | 2022 |
| Alzheimers AssociationUNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | Chicago, IL | $500 | 2022 |