Prosource Foundation Inc
Prosource Foundation Inc is a private foundation, based in Manasquan, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $758K in total assets. In 2025, it awarded 5 grants totaling $33K. Net investment income was $20K.
Prosource Foundation Inc at a glance
In short: Prosource Foundation Inc gave $33K across 5 grants in 2025 (avg $7K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $33,000
- +4.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $6,600
- +4.8% vs 2024
- Median grant
- $5,000
- Total assets
- $758,062
- +4.5% vs 2024
- Primary geography
- Arizona (61% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Prosource Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was First Things First - Tax Id #43-1921463 ($10K). Together the top 5 received $33K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Prosource Foundation Inc gives
- Giving fell 41% from 2022 to 2025. Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $32K (2024) to $91K (2020). In 2025 it made 5 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Things First - Tax Id #43-1921463 Phoenix, AZ | Unrestricted for Organization General Purpose | $10,000 |
| Treasure House Glendale, 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 |
| Ocean of Love Toms River, NJ | Unrestricted for Organization General Purpose | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $758,062 | $26,023 | $41,682 | $33,000 | 5 | $35,744 | $20,366 | $36,400 |
| 2024 | $725,573 | $25,535 | $40,064 | $31,500 | 5 | $33,996 | $20,250 | $35,329 |
| 2023 | $688,888 | $21,937 | $56,131 | $49,000 | 7 | $51,418 | $17,222 | $33,141 |
| 2022 | $679,622 | $19,099 | $64,817 | $55,552 | 10 | $59,102 | $13,780 | $36,452 |
| 2021 | $798,419 | $42,214 | $71,913 | $63,530 | 8 | $65,925 | $35,049 | $40,004 |
| 2020 | $784,736 | $27,686 | $98,460 | $90,716 | 7 | — | $24,667 | $39,552 |
Under IRS private-foundation payout rules, Prosource Foundation Inc reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Prosource Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Robert Chinery Jr.
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Tracy Chinery
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
William R. Hagaman Jr.
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Prosource Foundation Inc
How much does Prosource Foundation Inc give each year?
Prosource Foundation Inc gave $33K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 5 grants.
What is Prosource Foundation Inc's typical grant size?
Prosource Foundation Inc's median grant in 2025 was $5,000, and its average grant was $6,600, across 5 grants on its 2025 IRS Form 990-PF.
Where does Prosource Foundation Inc give grants?
Prosource Foundation Inc gives mostly in Arizona: 61% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (39%).
Does Prosource Foundation Inc give general operating support?
Yes: 100% of Prosource Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Prosource Foundation Inc's largest grantees?
Prosource Foundation Inc's largest 2025 grantees include First Things First - Tax Id #43-1921463 ($10,000), Treasure House ($10,000) and Monmouth University - Tax Id #21-0634584 ($5,000), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is Prosource Foundation Inc?
Prosource Foundation Inc reported $758K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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