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Nonprofiteer
← CAROLINAS GOLF FOUNDATION

Form 990 for tax year 2025

Filed by CAROLINAS GOLF FOUNDATION.

Totals

Total revenue
$302,146
Total expenses
$257,595
Contributions and grants received
$576,049
Grants paid
$251,901
Program service revenue
$0
Investment income
$18,024
Other revenue
-$291,927
Total assets, end of year
$1,027,689
Total liabilities, end of year
$188,989
Net assets or fund balances, end of year
$838,700
Program services expenses (Part IX)
$251,901
Management and general expenses
$5,694
Fundraising expenses
$0
Program service expenses (Part III)
$251,901

Program services were 97.8% 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.

  • 1b · Membership dues

    $235,164

  • 1c · Fundraising events

    $209,741

  • 1f · All other contributions, gifts and grants

    $131,144

  • 1g · Noncash contributions included above

    $34,998

  • 3 · Investment income

    total $18,336 · excluded $18,336

  • 7a · Gross sales of assets other than inventory

    securities $12,467

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

    securities $12,779

  • 7c · Gain or loss

    securities -$312

  • 7d · Net gain or loss

    total -$312 · excluded -$312

  • 8a · Fundraising events: gross income

    $0

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

    $209,741

  • 8b · Fundraising events: direct expenses

    $291,927

  • 8c · Net income from fundraising events

    total -$291,927 · excluded -$291,927

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,901 · program services $221,901

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 13 · Office expenses

    total $5,694 · management and general $5,694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $817,053 · end of year $218,548

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $422,777

  • 4 · Accounts receivable

    beginning of year $0 · end of year $132,063

  • 12 · Investments: other securities

    beginning of year $0 · end of year $254,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $188,989

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $817,053 · end of year $838,700

Mission and programs · 2025

Mission

THE CAROLINAS GOLF FOUNDATION WAS FORMED BY THE CAROLINAS GOLF ASSOCIATION IN 1977 TO PROVIDE SCHOLARSHIPS AND FUNDING FOR A VARIETY OF CAROLINAS-BASED GOLF INITIATIVES.

  • 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 $251,901 · Grants $251,901 · Revenue $576,048

  • 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 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDY PRIEST

    EXECUTIVE DIRECTOR

    Total calculated
    $241,907
    From this org
    $0
    From related orgs
    $239,907
    Other
    $2,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,000 related
    Filer's total
    $0 + $241,907 related

  • CHARLES LYNCH

    LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • KELLY MILLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • LAWRENCE HICKS

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • MARION MOORE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • MIKE SMITH

    1ST PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • RICK RIDDLE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • BENJAMIN BONCELLA

    TOP FINANCIAL OFFICIAL

    Total calculated
    $98,755
    From this org
    $0
    From related orgs
    $98,755
    Other
    $0
    Hours/week
    1 + 40 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

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

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.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202612299349301146

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