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Nonprofiteer
← MINNESOTA SECTION PGA FOUNDATION

Form 990 for tax year 2023

Filed by MINNESOTA SECTION PGA FOUNDATION.

Totals

Total revenue
$1,341,934
Total expenses
$1,524,322
Contributions and grants received
$409,927
Grants paid
$340,925
Program service revenue
$877,372
Investment income
$10,030
Other revenue
$44,605
Total assets, end of year
$1,958,537
Total liabilities, end of year
$827,905
Net assets or fund balances, end of year
$1,130,632
Program services expenses (Part IX)
$1,376,831
Management and general expenses
$126,456
Fundraising expenses
$21,035
Program service expenses (Part III)
$1,376,831

Program services were 90.3% 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.

  • 1c · Fundraising events

    $9,660

  • 1f · All other contributions, gifts and grants

    $400,267

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $800,772 · related or exempt $800,772

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $40,362 · related or exempt $40,362

  • 2c · Program service revenue: SPONSORSHIP REVENUE

    total $29,000 · excluded $29,000

  • 2d · Program service revenue: EDUCATION AND MEETING

    total $7,238 · related or exempt $7,238

  • 3 · Investment income

    total $53,514 · excluded $53,514

  • 7a · Gross sales of assets other than inventory

    securities $637,173

  • 7b · Less cost or other basis and sales expenses

    securities $680,657

  • 7c · Gain or loss

    securities -$43,484

  • 7d · Net gain or loss

    total -$43,484 · excluded -$43,484

  • 8a · Fundraising events: gross income

    $81,645

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

    $9,660

  • 8b · Fundraising events: direct expenses

    $37,040

  • 8c · Net income from fundraising events

    total $44,605 · excluded $44,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $291,925 · program services $291,925

  • 2 · Grants to domestic individuals

    total $49,000 · program services $49,000

  • 11a · Fees: management

    total $180,000 · program services $108,000 · management and general $72,000

  • 11c · Fees: accounting

    total $15,960 · program services $13,167 · management and general $2,793

  • 11d · Fees: lobbying

    total $18,000 · program services $14,850 · management and general $3,150

  • 11f · Fees: investment management

    total $9,942 · program services $8,202 · management and general $1,740

  • 11g · Fees: other

    total $133,879 · program services $110,452 · management and general $23,427

  • 13 · Office expenses

    total $23,493 · program services $19,922 · management and general $275 · fundraising $3,296

  • 17 · Travel

    total $53,629 · program services $35,170 · management and general $18,459

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $605,721 · program services $605,721

  • 24b · Other expenses: PROCESSING FEES

    total $58,199 · program services $58,199

  • 24c · Other expenses: TOURNAMENT PRIZES

    total $56,952 · program services $56,952

  • 24d · Other expenses: FOOD AND BEVERAGE

    total $27,622 · program services $5,271 · management and general $4,612 · fundraising $17,739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,279 · end of year $707,613

  • 2 · Savings and temporary cash investments

    beginning of year $18,437 · end of year $395,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,700 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,613,077 · end of year $855,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $459 · end of year $556

  • 19 · Deferred revenue

    end of year $0

  • 25 · Other liabilities

    beginning of year $577,532 · end of year $827,349

  • 27 · Net assets without donor restrictions

    beginning of year $1,173,586 · end of year $1,110,632

  • 28 · Net assets with donor restrictions

    beginning of year $46,916 · end of year $20,000

Mission and programs · 2023

Mission

TO SUPPORT JUNIOR GOLFERS AND PROVIDE FINANCIAL ASSISTANCE FOR WORTHY RECIPIENTS TO ATTEND COLLEGE. THE MINNESOTA FOUNDATION UPHOLDS THE CORE VALUES: INTEGRITY, HONESTY, RESPECT, SELF-ASSURANCE, COURTESY, AND PERSEVERANCE. THE MINNESOTA FOUNDATION AWARDS JUNIORS 18 OR YOUNGER THAT HONOR THESE VALUES.

  • THE MINNESOTA FOUNDATION SUPPORTED JR GOLF THROUGH THE OPERATION OF SEVERAL JR TOUR GOLF EVENTS.

    Expenses $1,376,831 · Grants $340,925 · Revenue $848,372

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Phil Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Scott McDonald

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Kellie Hoiness

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Savannah Nelson

    NORTHERN MN DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Greg Snow

    SOUTHERN MN DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Javon Meyerhoff

    METRO DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Blank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Grant Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adam Haugen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Gerber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey Drimel

    CEO

    Total calculated
    $179,341
    From this org
    $0
    From related orgs
    $160,341
    Other
    $19,000
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,341 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,954 related
    Nontaxable benefits
    $0 + $12,046 related
    Filer's total
    $0 + $179,341 related

  • Jon Tollette

    COO

    Total calculated
    $166,613
    From this org
    $0
    From related orgs
    $133,038
    Other
    $33,575
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,038 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,756 related
    Nontaxable benefits
    $0 + $25,819 related
    Filer's total
    $0 + $166,613 related

  • Ryan Hanford

    HONORARY PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 4 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

  • MINNESOTA PGA INCORPORATED

    C · INACTIVE · MN · 100% owned · share of assets $1,016

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443199349313314

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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