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Nonprofit · EIN 01-0793986

PROPEL INC

Tax-exempt · BOCA RATON, FL 33432

Financials

$2.3M$1.2M2023$1.1M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of PROPEL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,073,331$1,088,552-$15,221$1,377,722$9,736$1,367,986
December 31, 2023990$2,332,123$1,247,169$1,084,954$1,363,757$31,503$1,332,254
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$768,985
Program service revenue
$4,359
Investment income
$55,377
Net gain from sales of assets
$11,881
Net income from fundraising events
$244,610
Other revenue
$244,610

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$252,699
Salaries, compensation and benefits (total)
$290,683
Professional fundraising fees
$0
Legal fees
$180
Accounting fees
$17,731
Occupancy
$46,577
Depreciation
$2,208
Program services (functional)
$978,487
Management and general (functional)
$55,440
Fundraising (functional)
$54,625

Balance sheet and other

Total assets, start of year
$1,363,757
Total assets, end of year
$1,377,722
Total liabilities, end of year
$9,736
Net assets, end of year
$1,367,986
Land, buildings and equipment
$20,098
Publicly traded securities
$1,058,028
Net assets without donor restrictions
$271,082
Net assets with donor restrictions
$1,096,904
Gross receipts
$1,073,331
Employees
4
Volunteers
35
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GREGG FRANCISCHAIR
Officer
40$120,000
CHARLES MARCHITELLOVICE CHAIR
Officer
2$0
MARTA BATMASIANSECRETARY/TR
Officer
2$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
GREGG FRANCISCHAIR
Officer
40$120,000
CHARLES MARCHITELLOVICE CHAIR
Officer
2$0
MARTA BATMASIANSECRETARY/TR
Officer
2$0

Address and contacts

Address (IRS master file)
170 NORTHEAST 2ND STREET 294032, BOCA RATON, FL 33432-3931
Principal officer (990 for 2024)
CHARLES MARCHITELLO, 1600 NW 15 VISTA, BOCA RATON, FL 33432
Signed the 990
CHARLES MARCHITELLO, VICE CHAIR
Phone
(561) 955-8553
Return prepared by
SULLIVAN & FENGLER

Mission

PROPEL IS A NOT-FOR-PROFIT ORGANIZATION IS DEDICATED TO FOSTERING LEADERSHIP POTENTIAL, ACADEMIC AND CAREER SUCCESS, AND HEALTHY LIVING CHOICES OF UNDERSERVED YOUTH (AGES 7-21) LIVING IN PALM BEACH, BROWARD, AND POLK COUNTIES OF FLORIDA BY PROVIDING AFTER-SCHOOL PROGRAMMING, COMMUNITY INVOLVEMENT AND ENRICHMENT ACTIVITIES, SUMMER CAMP OPPORTUNITIES, JOB PLACEMENT SUPPORT AND COLLEGE SCHOLARSHIPS. PROPEL IS A NOT-FOR-PROFIT ORGANIZATION CONSISTING OF FOUR PROFESSIONAL PAID STAFF, AND A BOARD OF DIRECTORS, ADVISERS, AND VOLUNTEERS WHICH ARE COMPRISED OF COMMUNITY LEADERS AND BENEFACTORS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROPEL ACTS AS A CATALYST FOR SUSTAINED POSITIVE CHANGE IN THE LIVES OF FAMILIES AND COMMUNITIES BY ESTABLISHING COLLABORATIVE PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS, BUSINESSES, SERVICE PROVIDERS, AND GOVERNMENT AGENCIES. PROPEL STRENGTHENS AND STABILIZES THE FUNCTIONING OF THOSE UNDERSERVED THROUGH A VARIETY OF MULTIFACETED SERVICES, SUCH AS LITERACY, FINANCIAL LITERACY, MENTORSHIP, TUTORING, NOURISHMENT, AND APPRENTICESHIP, WITH AN END GOAL FOR THE STUDENTS TO OBTAIN HIGHER EDUCATION AND/OR A SKILLED TRADE IN HOPE OF BREAKING CYCLES OF POVERTY. THIS IS ACCOMPLISHED BY DEVELOPING INNOVATIVE STRATEGIES AND INTERVENTIONS THAT RESPOND TO THE IDENTIFIED NEEDS OF INDIVIDUALS WITHIN A TARGETED COMMUNITY. PROPEL INSTILLS THE SENSE OF RESPONSIBILITY FOR ONE'S ACTIONS, INDOCTRINATES SELF-DISCIPLINE BASED ON HARD WORK, PROMOTES EMPOWERMENT AMONG YOUTH, FAMILIES, AND COMMUNITIES AND UTILIZES THE VARIED EXPERIENCE AND EXPERTISE OF INDIVIDUALS DEMONSTRATING KNOWLEDGE IN VARIOUS SUPPORTIVE SERVICES BEING OFFERED IN ADDITION TO ASSESSING INDIVIDUAL GOALS AND ASSISTING THEM IN BEING ACHIEVED.
    Expenses $978,487

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0793986
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,377,722
Income (IRS master file)
$1,073,331

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,073,331$1,088,552$1,377,722XML
990December 2023$2,332,123$1,247,169$1,363,757XML
990December 2022$1,126,853$1,103,645$374,975IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0793986).

Questions about PROPEL INC

What is the EIN of PROPEL INC?
The employer identification number (EIN) of PROPEL INC is 01-0793986.
Is PROPEL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to PROPEL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROPEL INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROPEL INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROPEL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROPEL INC?
The 990 for the year ended December 31, 2024 names CHARLES MARCHITELLO.
Who are the officers and directors of PROPEL INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $120,000 (GREGG FRANCIS, CHAIR).
How much revenue does PROPEL INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,073,331, expenses of $1,088,552 and total assets of $1,377,722 at year end.

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