Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $549,740

• 1e · Government grants (contributions)

  $2,668,994

• 1f · All other contributions, gifts and grants

  $488,669

• 1g · Noncash contributions included above

  $77,520

• 2a · Program service revenue: UTAH CHAMPIONSHIP GOLF

  total $399,043 · related or exempt $399,043

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $429,096 · excluded $429,096

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $24,500

• 8a · Fundraising events: contributions included on line 1c

  $549,740

• 8b · Fundraising events: direct expenses

  $246,724

• 8c · Net income from fundraising events

  total -$222,224 · excluded -$222,224

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $111,500 · program services $111,500

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $428,484 · program services $237,183 · management and general $148,411 · fundraising $42,890

• 7 · Other salaries and wages

  total $369,121 · program services $287,808 · management and general $42,959 · fundraising $38,354

• 9 · Other employee benefits

  total $9,158 · program services $6,103 · management and general $2,110 · fundraising $945

• 10 · Payroll taxes

  total $47,327 · program services $31,196 · management and general $11,303 · fundraising $4,828

• 11b · Fees: legal

  total $13,246 · program services $2,554 · management and general $10,692

• 11c · Fees: accounting

  total $54,183 · management and general $54,183

• 11f · Fees: investment management

  total $19,180 · management and general $19,180

• 11g · Fees: other

  total $106,199 · program services $104,753 · management and general $1,136 · fundraising $310

• 12 · Advertising and promotion

  total $94,122 · program services $94,122

• 13 · Office expenses

  total $64,040 · program services $14,157 · management and general $49,413 · fundraising $470

• 16 · Occupancy

  total $147,758 · management and general $147,758

• 17 · Travel

  total $53,503 · program services $49,001 · management and general $3,155 · fundraising $1,347

• 19 · Conferences, conventions and meetings

  total $11,706 · management and general $2,058 · fundraising $9,648

• 22 · Depreciation, depletion and amortization

  total $3,147 · management and general $3,147

• 23 · Insurance

  total $9,619 · program services $1,839 · management and general $7,495 · fundraising $285

• 24a · Other expenses: SPONSORSHIP EXPENSES

  total $1,197,750 · program services $1,197,750

• 24b · Other expenses: TOURNAMENT EXPENSES

  total $858,260 · program services $858,260

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,866,325 · end of year $3,403,055

• 3 · Pledges and grants receivable

  beginning of year $494,727 · end of year $2,697,500

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $34,622 · end of year $28,384

• 10a · Land, buildings and equipment: cost or other basis

  $167,445

• 10b · Land, buildings and equipment: accumulated depreciation

  $144,891

• 10c · Land, buildings and equipment, net

  beginning of year $27,050 · end of year $22,554

• 11 · Investments: publicly traded securities

  beginning of year $7,597,919 · end of year $7,926,606

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,746,011 · end of year $1,209,636

• 17 · Accounts payable and accrued expenses

  beginning of year $636,127 · end of year $518,040

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $1,431,876 · end of year $2,350,921

• 27 · Net assets without donor restrictions

  beginning of year $11,698,651 · end of year $9,861,524

• 28 · Net assets with donor restrictions

  end of year $2,557,250

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS

BONUSES ARE PAID BASED ON PERFORMANCE.