Prosource Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANASQUAN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $726K in total assets. In 2024, it awarded 5 grants totaling $32K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$726K
+5.3% YoY
Annual Giving
$32K
-35.7% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$6K
-10.0% YoY
Under IRS private-foundation payout rules, Prosource Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Prosource Foundation Inc
Based on IRS filings
Prosource Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANASQUAN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $726K in total assets. In 2024, it awarded 5 grants totaling $32K. Net investment income was $20K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $725,573 | $688,888 | $679,622 |
| Revenue | $25,535 | $21,937 | $19,099 |
| Expenses | $40,064 | $56,131 | $64,817 |
| Qualifying Distributions | $33,996 | $51,418 | $59,102 |
| Net Investment Income | $20,250 | $17,222 | $13,780 |
| Distributable Amount | $35,329 | $33,141 | $36,452 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Things First - Tax Id #43-1921463 ($10,000), Treasure House ($10,000), Monmouth University - Tax Id #21-0634584 ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST THINGS FIRST - TAX ID #43-1921463 PHOENIX, AZ | UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | $10,000 |
| MONMOUTH UNIVERSITY - TAX ID #21-0634584 WEST LONG BRANCH, NJ | UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | $5,000 |
| ST ROSE HIGH SCHOOL - TAX ID# 22-3320474 BELMAR, NJ | UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | $5,000 |
| TREASURE HOUSE GLENDALE, AZ | UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | $10,000 |
| OCEAN OF LOVE TOMS RIVER, NJ | UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT CHINERY JR | TRUSTEE | 0.5 | — |
| TRACY CHINERY | TRUSTEE | 0.5 | — |
| WILLIAM R HAGAMAN JR | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prosource Foundation Inc?
Prosource Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANASQUAN, NJ. It holds $726K in total assets as of 2024.
How large is Prosource Foundation Inc?
As of 2024, Prosource Foundation Inc holds $726K in total assets with $26K in annual revenue. It awarded 5 grants totaling $32K in 2024.
Where does Prosource Foundation Inc operate?
Prosource Foundation Inc has awarded grants in Arizona, Illinois, New Jersey, Nevada, New York.
What size grants does Prosource Foundation Inc award?
In 2024, Prosource Foundation Inc awarded 5 grants totaling $32K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Prosource Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Prosource Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Prosource Foundation Inc's EIN?
Prosource Foundation Inc's EIN (Employer Identification Number) is 22-3842879. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Prosource Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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