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Nonprofiteer
← FSGA FOUNDATION INC

Form 990 for tax year 2025

Filed by FSGA FOUNDATION INC.

Totals

Total revenue
$5,115,242
Total expenses
$584,983
Contributions and grants received
$4,257,458
Grants paid
$438,316
Program service revenue
$0
Investment income
$857,784
Other revenue
$0
Total assets, end of year
$46,511,372
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,511,372
Program services expenses (Part IX)
$582,442
Management and general expenses
$2,541
Fundraising expenses
$0
Program service expenses (Part III)
$582,442

Program services were 99.6% 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.

  • 1d · Related organizations

    $4,000,000

  • 1f · All other contributions, gifts and grants

    $257,458

  • 3 · Investment income

    total $857,784 · excluded $857,784

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $438,316 · program services $438,316

  • 11c · Fees: accounting

    total $3,136 · program services $2,817 · management and general $319

  • 13 · Office expenses

    total $130 · management and general $130

  • 23 · Insurance

    total $4,614 · program services $2,861 · management and general $1,753

  • 24a · Other expenses: NIL AGREEMENTS

    total $72,000 · program services $72,000

  • 24b · Other expenses: MEMBER FULFILLMENT

    total $41,340 · program services $41,340

  • 24c · Other expenses: TOURNAMENT EXPENSE

    total $22,000 · program services $22,000

  • 24d · Other expenses: DONOR FULFILLMENT

    total $3,390 · program services $3,051 · management and general $339

  • 24e · All other expenses

    total $57 · program services $57

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,836 · end of year $27,307

  • 2 · Savings and temporary cash investments

    beginning of year $20,682 · end of year $2,555,310

  • 11 · Investments: publicly traded securities

    beginning of year $37,115,960 · end of year $43,928,755

  • 27 · Net assets without donor restrictions

    beginning of year $37,166,478 · end of year $46,511,372

Mission and programs · 2025

Mission

TO FUNDRAISE FOR AND OTHERWISE SUPPORT AND BENEFIT THE FLORIDA STATE GOLF ASSOCIATION, INC.

  • THE ORGANIZATION WAS CREATED TO FUNDRAISE FOR AND OTHERWISE SUPPORT AND BENEFIT THE FLORIDA STATE GOLF ASSOCIATION, INC.

    Expenses $582,442 · Grants $438,316

As filed on the 2025 return.

Listed in Part VII

  • James E Demick

    PRESIDENT

    Total calculated
    $130,785
    From this org
    $0
    From related orgs
    $114,960
    Other
    $15,825
    Hours/week
    20
  • Charles Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven R Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Taffy Brower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony M Capano

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Maurice C Gallant

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    4

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.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
10 September 2026
IRS schema version
2025v4.2
Source object
202632549349301853

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