Form 990 for tax year 2023
Filed by YOUTH GOLF FOUNDATION OF THE CAROLINAS.
Totals
- Total revenue
- $1,900,146
- Total expenses
- $2,058,295
- Contributions and grants received
- $553,457
- Grants paid
- $59,500
- Program service revenue
- $760,508
- Investment income
- $94,148
- Other revenue
- $492,033
- Total assets, end of year
- $5,622,535
- Total liabilities, end of year
- $372,353
- Net assets or fund balances, end of year
- $5,250,182
- Program services expenses (Part IX)
- $1,231,493
- Management and general expenses
- $380,639
- Fundraising expenses
- $446,163
- Program service expenses (Part III)
- $1,231,493
Program services were 59.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$553,457
-
2a · Program service revenue: Golf Facility Income
total $406,604 · related or exempt $406,604
-
2b · Program service revenue: Program Class Fees
total $353,904 · related or exempt $353,904
-
3 · Investment income
total $94,148 · excluded $94,148
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$629,020
-
8b · Fundraising events: direct expenses
$166,894
-
8c · Net income from fundraising events
total $462,126 · excluded $462,126
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Golf Shop/Clubhouse
total $29,907 · related or exempt $29,907
-
11e · Other revenue, total
$29,907
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $59,500 · program services $59,500
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $200,867 · program services $160,694 · fundraising $40,173
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,111,273 · program services $740,670 · management and general $137,850 · fundraising $232,753
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $17,092 · management and general $17,092
-
11g · Fees: other
total $10,502 · management and general $10,502
-
12 · Advertising and promotion
total $16,274 · program services $14,577 · fundraising $1,697
-
13 · Office expenses
total $0
-
14 · Information technology
total $38,863 · program services $26,574 · management and general $4,786 · fundraising $7,503
-
15 · Royalties
total $0
-
16 · Occupancy
total $76,662 · program services $36,906 · management and general $10,136 · fundraising $29,620
-
17 · Travel
total $2,662 · management and general $2,662
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $164,551 · management and general $164,551
-
23 · Insurance
total $43,826 · program services $30,678 · management and general $13,148
-
24a · Other expenses: Golf facility fees
total $236,161 · program services $118,246 · management and general $1,729 · fundraising $116,186
-
24b · Other expenses: Various
total $43,328 · program services $21,112 · management and general $17,640 · fundraising $4,576
-
24c · Other expenses: Bank and Credit Card Fees
total $27,992 · program services $14,201 · management and general $136 · fundraising $13,655
-
24d · Other expenses: Training
total $4,659 · program services $4,659
-
24e · All other expenses
total $4,083 · program services $3,676 · management and general $407
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,019,594 · end of year $913,433
-
2 · Savings and temporary cash investments
beginning of year $1,008,266 · end of year $1,365,448
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,681 · end of year $3,082
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $17,972 · end of year $14,606
-
9 · Prepaid expenses and deferred charges
beginning of year $301,396 · end of year $287,684
-
10a · Land, buildings and equipment: cost or other basis
$2,261,172
-
10b · Land, buildings and equipment: accumulated depreciation
$893,957
-
10c · Land, buildings and equipment, net
beginning of year $1,400,021 · end of year $1,367,215
-
11 · Investments: publicly traded securities
beginning of year $1,597,089 · end of year $1,442,436
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $253,348 · end of year $228,631
-
17 · Accounts payable and accrued expenses
beginning of year $83,089 · end of year $108,229
-
19 · Deferred revenue
beginning of year $5,000 · end of year $46,250
-
25 · Other liabilities
beginning of year $261,508 · end of year $217,874
-
27 · Net assets without donor restrictions
beginning of year $5,149,875 · end of year $5,066,996
-
28 · Net assets with donor restrictions
beginning of year $102,895 · end of year $183,186
Mission and programs · 2023
Mission
To impact the lives of young people of all backgrounds by providing learning facilities and educational programs that promote character development and life enhancing values through the game of golf.
-
In 2023, we had 4514 registrations in our programming. We offered programming at 8 locations throughout the year: Charles L. Sifford Golf Course, Charles T. Myers Golf Club, Pineville Driving Range, HangTime Golf in Gastonia, Emerald Lake Golf Club, Ft. Mill Golf Club, Springfield Golf Club, Emerald Lake.
Expenses $1,161,801 · Revenue $203,039
-
Camps, Clinics, Life Skils, etc. - To increase impact with our youth, we offer assistance and experiential learning opportunities throughout the year via camps, clinics, learning academies, tournaments, and the TEAVA (Teen, Eagle, Ace Value-Added) programming.
Expenses $67,642 · Revenue $150,865
-
In 2023, we had 4514 registrations in our programming. We offered programming at 8 locations throughout the year: Charles L. Sifford Golf Course, Charles T. Myers Golf Club, Pineville Driving Range, HangTime Golf in Gastonia, Emerald Lake Golf Club, Ft. Mill Golf Club, Springfield Golf Club, Emerald Lake. .
Expenses $2,050
As filed on the 2023 return.
Listed in Part VII
-
Daniel Fogarty
Executive Dir.
- Total calculated
- $200,867
- From this org
- $148,537
- From related orgs
- $0
- Other
- $52,330
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,713
- Bonus
- $25,824
- Other
- not reported
- Deferred
- $22,500
- Nontaxable benefits
- $29,830
- Filer's total
- $200,867
-
Darryl Dewberry
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan Ishee
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Lee McEntire
Director
- Total calculated
- $0
- Hours/week
- 2
-
Patrick Melton
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Keith Butler
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bruce Bellamy
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Doyle
Director
- Total calculated
- $0
- Hours/week
- 2
-
Paige James
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ron Green
Director
- Total calculated
- $0
- Hours/week
- 2
-
TJ Wagner
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Randolph Smith
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Seth Bennett
Director
- Total calculated
- $0
- Hours/week
- 2
-
Darryl Dewberry
Director
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Tucker
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie Harner
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tiffani Jones
Director
- Total calculated
- $0
- Hours/week
- 2
-
David McClure
Director
- Total calculated
- $0
- Hours/week
- 2
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202421739349301042
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