Totals
- Total revenue
- $2,362,462
- Total expenses
- $2,110,118
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,812,591
- Investment income
- $107,755
- Other revenue
- $442,116
- Total assets, end of year
- $6,213,386
- Total liabilities, end of year
- $594,082
- Net assets or fund balances, end of year
- $5,619,304
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Member Services
total $1,812,591 · related or exempt $1,812,591
-
3 · Investment income
total $107,755 · related or exempt $107,755
-
5 · Royalties
total $4 · related or exempt $4
-
10a · Gross sales of inventory
$344,121
-
10b · Cost of goods sold
$6,589
-
10c · Net income from sales of inventory
total $337,532 · related or exempt $337,532
-
11a · Other revenue: NGF-Newsletter
total $95,833 · related or exempt $95,833
-
11b · Other revenue: Misc Income
total $4,981 · related or exempt $4,981
-
11c · Other revenue: Marketing - Leadership
total $3,766 · related or exempt $3,766
-
11e · Other revenue, total
$104,580
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $631,075
-
7 · Other salaries and wages
total $860,065
-
8 · Pension plan contributions
total $19,622
-
9 · Other employee benefits
total $88,683
-
10 · Payroll taxes
total $101,577
-
11b · Fees: legal
total $20,712
-
11c · Fees: accounting
total $41,600
-
11f · Fees: investment management
total $2,912
-
11g · Fees: other
total $222,115
-
12 · Advertising and promotion
total $59,473
-
13 · Office expenses
total $238,626
-
14 · Information technology
total $6,877
-
16 · Occupancy
total $199,709
-
17 · Travel
total $65,640
-
19 · Conferences, conventions and meetings
total $113,148
-
20 · Interest
total $190
-
22 · Depreciation, depletion and amortization
total $64,235
-
23 · Insurance
total $41,268
-
24a · Other expenses: Meals & Entertainment
total $58,806
-
24b · Other expenses: Product Development
total $24,840
-
24c · Other expenses: Overhead Allocation
total -$751,055
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200 · end of year $60,418
-
2 · Savings and temporary cash investments
beginning of year $155,135 · end of year $103,367
-
4 · Accounts receivable
beginning of year $54,790 · end of year $157,317
-
8 · Inventories for sale or use
beginning of year $2,291
-
9 · Prepaid expenses and deferred charges
beginning of year $113,694 · end of year $101,304
-
10a · Land, buildings and equipment: cost or other basis
$998,822
-
10b · Land, buildings and equipment: accumulated depreciation
$888,260
-
10c · Land, buildings and equipment, net
beginning of year $149,534 · end of year $110,562
-
11 · Investments: publicly traded securities
beginning of year $4,334,416 · end of year $4,831,813
-
15 · Other assets
beginning of year $704,365 · end of year $848,605
-
17 · Accounts payable and accrued expenses
beginning of year $318,952 · end of year $387,377
-
19 · Deferred revenue
beginning of year $32,240 · end of year $25,742
-
25 · Other liabilities
beginning of year $344,853 · end of year $180,963
-
27 · Net assets without donor restrictions
beginning of year $4,818,380 · end of year $5,619,304
Mission and programs · 2024
Mission
NGF's mission is to foster the growth and vitality of the game and business of golf.
Activities or mission (Part I)
See Schedule O NGF's mission is to foster the growth and vitality of the game and business of golf. During 2024, NGF hosted its sixteenth annual golf business symposium with a draw of nearly 150 of the top executives in golf in attendance. The Symposiums covered topics related to the Future Growth of Golf, Connecting to Today's Golf Consumer, Influencer Marketing, Tourism, as well as the state of the golf industry. NGF did produce its annual reports: Graffis Report, Golf Participation in the US, Golf Facilities in the US, and Rounds Played. These reports were delivered to approximately 4,000 members nationwide. In addition, NGF produced a biweekly electronic newsletter to more than 57,000 individuals in the golf industry reporting industry insights on the health of golf.
-
NGF's mission is to foster the growth and vitality of the game and business of golf. During 2024, NGF hosted its sixteenth annual golf business symposium with a draw of nearly 150 of the top executives in golf in attendance. The Symposiums covered topics related to Creating Fierce, Lasting Customer Relationships, Practical AI Applications for the Golf Business, Influencer Marketing and the Customer Journey, Sports Modernization, as well as the state of the golf industry.
-
NGF did produce its annual reports: Graffis Report, Golf Participation in the US, and Golf Facilities in the US. These reports were delivered to approximately 4,000 members nationwide. In addition, NGF produced a biweekly electronic newsletter to more than 57,000 individuals in the golf industry reporting industry insights on the health of golf.
-
The NGF introduced two higher levels of support (President's Council & Patrons Council Member Services) to fund the work NGF does for the industry.
As filed on the 2024 return.
Listed in Part VII
-
John K Solheim
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Tim Schantz
Vice Chairman
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Joe Assell
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Anne Broholm
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Mike McCarley
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Joseph Beditz
Executive Chairman
- Total calculated
- $275,529
- From this org
- $189,129
- From related orgs
- $86,400
- Other
- $0
- Hours/week
- 20 + 4 related
Schedule J breakdown matched by us
- Base
- $189,129 + $86,400 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $189,129 + $86,400 related
-
Geoff Cottrill
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Edric Funk
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Craig Kessler
Director
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Kim Isom
CFO/Assistant Secretary
- Total calculated
- $118,201
- From this org
- $112,113
- From related orgs
- $0
- Other
- $6,088
- Hours/week
- 27 + 13 related
-
Gregory Nathan
President & CEO
- Total calculated
- $305,242
- From this org
- $272,976
- From related orgs
- $0
- Other
- $32,266
- Hours/week
- 21 + 19 related
Schedule J breakdown matched by us
- Base
- $257,413
- Bonus
- $15,563
- Other
- $0
- Deferred
- $14,457
- Nontaxable benefits
- $17,809
- Filer's total
- $305,242
-
David Lorentz
Chief Research Officer
- Total calculated
- $177,405
- From this org
- $162,150
- From related orgs
- $0
- Other
- $15,255
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $152,115
- Bonus
- $10,035
- Other
- $0
- Deferred
- $8,189
- Nontaxable benefits
- $7,066
- Filer's total
- $177,405
-
Heather Fitzgerald
Assistant Secretary
- Total calculated
- $30,228
- From this org
- $30,228
- From related orgs
- $0
- Other
- $0
- Hours/week
- 38 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NGF Education Inc fka National Golf Foundation 1
501(C)(3) · Support for National Golf Foundation · IL · controlled entity
Directly controlled by National Golf Foundation Inc
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
National Golf Foundation Consulting Inc
C · Golf Business Research, Information and Consulting · DE · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349313014
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