Form 990 for tax year 2023

Totals

Total revenue

$217,222

Total expenses

$191,243

Contributions and grants received

$422,297

Grants paid

$188,650

Program service revenue

$0

Investment income

$5,882

Other revenue

-$210,957

Total assets, end of year

$691,405

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$691,405

Program services expenses (Part IX)

$188,650

Management and general expenses

$2,593

Fundraising expenses

$0

Program service expenses (Part III)

$188,650

Program services were 98.6% 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.

Mission and programs · 2023

• THE FOUNDATION'S SCHOLARSHIP PROGRAM SUPPORTS STUDENTS WHO ARE ASPIRING TO BECOME GOLF SUPERINTENDENTS AND TURFGRASS MANAGERS IN THE CAROLINAS. THE CAROLINAS GOLF FOUNDATION UNDERWRITES GRANTS TO TURFGRASS MAJORS AT CLEMSON UNIVERSITY AND NORTH CAROLINA STATE UNIVERSITY. INDIVIDUAL GRANTS VARIED IN VALUE UP TO $2,000. CHARLES E. LYNCH JR., CGA COUNSEL, NOTED, "THIS YEAR'S WINNERS ARE THE MEN AND WOMEN WHO WILL DIRECT TOMORROW'S TURF PROGRAMS. THEY WILL DISCOVER SOLUTIONS FOR FUTURE TURFGRASS PROBLEMS. WE ARE PLEASED TO PARTICIPATE IN ENDOWING THIS ONGOING PROGRAM." THE CAROLINAS GOLF FOUNDATION FIRST OFFERED SCHOLARSHIP AID TO TURFGRASS MAJORS IN 1977. THE FOUNDATION ALSO STARTED A MORE EXPANSIVE SCHOLARSHIP PROGRAM IN 2020 BY GIVING $25,000 TO SEVERAL STUDENTS WHO EXCEL IN GRADE, COMMUNITY WORK AND WHO ALSO HAVE AN INTEREST IN GOLF. THE CAROLINAS GOLF FOUNDATION HAS PROVIDED MORE THAN $1,500,000 OVER THE LAST 37 YEARS FOR VARIOUS PROJECTS AND SCHOLARSHIPS. A PARTIAL LIST OF THE GROUPS THE CAROLINAS GOLF FOUNDATION HAS PROVIDED WITH FINANCIAL BACKING AND RESOURCES: CAROLINAS PGA, CHALLENGED GOLFERS NETWORK, CLEMSON SCHOLARSHIPS, CGCSA ROUND4RESEARCH, FAIRWAY OUTREACH, HARRIS YMCA, LPGA/USGA GIRLS PROGRAMS, MYRTLE BEACH JUNIOR GOLF FOUNDATION, NC STATE SCHOLARSHIPS, NCWGA, SEVEN FIRST TEE PROGRAMS, SALVATION ARMY PROJECT, SC JUNIOR GOLF ASSOCIATION, SIX COMMUNITY COLLEGE PROGRAMS, TRIAD YOUTH GOLF FOUNDATION, WCGA, WILMINGTON JUNIOR GOLF ACADEMY, WSCGA FOUNDATION, YOUTH ON COURSE, AND GENERAL SCHOLARSHIPS.

  Expenses $188,650 · Grants $188,650 · Revenue $422,297

• THE FOUNDATION HAS DONATED TO VARIOUS JUNIOR GOLF PROGRAMS INCLUDING OVER NINE CAROLINAS FIRST-TEE PROGRAMS, SEVERAL CITY-WIDE DEVELOPMENTAL PROGRAMS, THE SOUTH CAROLINA JUNIOR GOLF ASSOCIATION, THE WOMEN'S SOUTH CAROLINA GOLF ASSOCIATION, YOUTH ON COURSE AND MANY OTHER START-UP INITIATIVES.

• THE CAROLINAS GOLF FOUNDATION ALSO CONCENTRATES RESEARCH GRANT AID AT CLEMSON UNIVERSITY AND NORTH CAROLINA STATE UNIVERSITY THROUGH ROUNDS4RESEARCH.

As filed on the 2023 return.

Listed in Part VII

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

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

• First Tee of the Sandhills

  $11,250

  To help support their tournaments and programs

• First Tee of Central Carolina

  $10,000

  To help support their tournaments and programs

• SwingPals Inc

  $10,000

  To help support golf program for minority children living in Durham, NC

• First Tee of Coastal Carolina

  $10,000

  To help support their tournaments and programs

• First Tee of the Upstate

  $7,500

  To help support their tournaments and programs

• SCJGA

  $7,500

  Clubs for kids

• NCWGA

  $6,000

  To help support their tournaments and programs

• First Tee of Charlotte

  $5,500

  To help support their tournaments and programs

• Pinehurst Resort

  $5,000

  Support for USGA Champtionship host site

• Daniel Island Club

  $5,000

  Support for USGA Champtionship host site

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.

• Carolinas Golf Association

  501(c)(3) · Golf Tournaments · NC

  Directly controlled by NA

Provenance

Return type

form_990

Tax year

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202403189349304160

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

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