Nonprofit · EIN 87-3914340
PROGRESSION SPORTS PERFORMANCE INC
Tax-exempt · LOS ANGELES, CA 90034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $280,698 | $261,558 | $19,140 | $134,858 | $13,554 | $121,304 |
| December 31, 2023 | 990 | $246,057 | $196,140 | $49,917 | $114,698 | $12,534 | $102,164 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,470
- Program service revenue
- $253,484
- Investment income
- $1,744
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $31,357
- Salaries, compensation and benefits (total)
- $31,357
- Professional fundraising fees
- $0
- Occupancy
- $129,301
- Travel
- $18,655
- Program services (functional)
- $242,719
- Management and general (functional)
- $18,839
Balance sheet and other
- Total assets, start of year
- $114,698
- Total assets, end of year
- $134,858
- Total liabilities, end of year
- $13,554
- Net assets, end of year
- $121,304
- Land, buildings and equipment
- $16,500
- Net assets without donor restrictions
- $121,304
- Gross receipts
- $280,698
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2022
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Lee | President Trustee or director | 35 | $31,356 |
| Angelike Dexter | Secretary Trustee or director | 2 | $0 |
| Jennifer Laduke | Treasurer Trustee or director | 2 | $0 |
| Angela Choi | Director Trustee or director | 2 | $0 |
| Hoda Daraby | Director Trustee or director | 2 | $0 |
| Julie Zhu | Director Trustee or director | 2 | $0 |
| Heidi Sung | Director Trustee or director | 2 | $0 |
| Mina Choi | Director Trustee or director | 2 | $0 |
| Juan Rosales | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Lee | President Trustee or director | 35 | $0 |
| Angelike Dexter | Secretary Trustee or director | 2 | $0 |
| Jennifer Laduke | Treasurer Trustee or director | 2 | $0 |
| Angela Choi | Director Trustee or director | 2 | $0 |
| Hoda Daraby | Director Trustee or director | 2 | $0 |
| Sharon Momenian | Director Trustee or director | 2 | $0 |
| Julie Zhu | Director Trustee or director | 2 | $0 |
| Heidi Sung | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3126 1/2 S SEPULVEDA BLVD, LOS ANGELES, CA 90034-4204
- In care of
- % RICHARD LEE
- Principal officer (990 for 2024)
- Richard Lee, 3126 1/2 South Sepulveda Boulevard, Los Angeles, CA 90036
- Signed the 990
- Richard Lee, President
- Phone
- (424) 488-4414
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3914340 or by the name PROGRESSION SPORTS PERFORMANCE INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Educational: Our mission is to inspire physical and mental health, character development, and responsibility through martial arts training and competition, strength and conditioning, teamwork, and community service.
Program accomplishments
- Teaching martial arts to students is the sole program service.Expenses $242,719 · revenue $280,698
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3914340
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $134,858
- Income (IRS master file)
- $280,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $280,698 | $261,558 | $134,858 | XML |
| 990 | December 2023 | $246,057 | $196,140 | $114,698 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-3914340).
Questions about PROGRESSION SPORTS PERFORMANCE INC
- What is the EIN of PROGRESSION SPORTS PERFORMANCE INC?
- The employer identification number (EIN) of PROGRESSION SPORTS PERFORMANCE INC is 87-3914340.
- Is PROGRESSION SPORTS PERFORMANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PROGRESSION SPORTS PERFORMANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROGRESSION SPORTS PERFORMANCE 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 PROGRESSION SPORTS PERFORMANCE 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 PROGRESSION SPORTS PERFORMANCE 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 PROGRESSION SPORTS PERFORMANCE INC?
- The 990 for the year ended December 31, 2024 names Richard Lee.
- Who are the officers and directors of PROGRESSION SPORTS PERFORMANCE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $31,356 (Richard Lee, President).
- How much revenue does PROGRESSION SPORTS PERFORMANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $280,698, expenses of $261,558 and total assets of $134,858 at year end.
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