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Derek Prescott Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823304147 ✦ Greeley, CO ✦ Designated as a 501(c)(3)

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Overview

What is Derek Prescott Foundation Inc?

The Derek Prescott Foundation Inc, based on unspecified location, is a nonprofit organization dedicated to supporting deserving high school and college student athletes and associated organizations. Their primary mission involves funding essential athletic supplies and equipment, aiming to provide opportunities and enhance sports experiences for these individuals during their educational journey. The Foundation's initiatives remain a vital resource for these athletes, contributing to their personal growth and team success.

Is Derek Prescott Foundation Inc legitimate?

Derek Prescott Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Derek Prescott Foundation Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Derek Prescott Foundation Inc?

The Derek Prescott Foundation Inc's mission revolves around providing financial aid for athletic supplies and equipment to deserving high school and college student athletes and organizations. Their primary goal is to support these individuals and groups in their athletic pursuits, enabling them to participate in sports activities effectively. By offering these resources, the foundation aims to foster the growth and development of young athletes, ensuring they have the necessary tools to excel in their chosen sports.

Who is the CEO of Derek Prescott Foundation Inc?

Loy Prescott is the President of Derek Prescott Foundation Inc.

What is the revenue of Derek Prescott Foundation Inc?

Derek Prescott Foundation Inc's revenue in 2022 was $25,685.

Who are the executives of Derek Prescott Foundation Inc and what are their salaries?


Here are 2 key members and their salaries:


Loy Prescott (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nikki Prescott (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Derek Prescott Foundation Inc?

Derek Prescott Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Derek Prescott Foundation Inc

The Derek Prescott Foundation Inc is dedicated to supporting deserving high school and college student athletes and organizations by providing them with essential athletic supplies and equipment. As part of its mission, this nonprofit organization aims to empower these students and teams, enabling them to excel in their sports activities. By funding athletic equipment, the Derek Prescott Foundation Inc plays a significant role in fostering a sense of pride and accomplishment among the recipients, thereby contributing to their overall development and success.

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Impact




August, 2024

Derek Prescott Foundation Inc's impact lies in funding athletic supplies and equipment for deserving high school and college student athletes and organizations. By providing these resources, the foundation enables young athletes to pursue their passion for sports and develop their skills. This support not only contributes to their personal growth and athletic achievements but also enhances the overall sports community by ensuring access to essential equipment. Through its philanthropic efforts, the foundation plays a significant role in fostering a culture of sportsmanship and excellence among the youth in GREELEY, CO, and beyond.




This information is meant to be a general summary of Derek Prescott Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$25,685 (2022)
Expenses
$22,287 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $25,685

Assets and Liabilities:

  • Total Assets: $81,246
  • Total Liabilities: $1,366
  • Net Assets: $79,880

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Organization Details

Principal Officer

Loy Prescott

Main Address

27041 CR 62, GREELEY, CO, 80631

NTEE Category

Code: T12 - Philanthropy

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