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Nonprofiteer
← ILLINOIS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2023

Filed by ILLINOIS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$709,814
Total expenses
$909,830
Contributions and grants received
$276,764
Grants paid
$60,500
Program service revenue
$288,212
Investment income
$124,748
Other revenue
$20,090
Total assets, end of year
$2,122,348
Total liabilities, end of year
$365,502
Net assets or fund balances, end of year
$1,756,846
Program services expenses (Part IX)
$557,145
Management and general expenses
$336,395
Fundraising expenses
$16,290
Program service expenses (Part III)
$557,145

Program services were 61.2% 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

    $39,633

  • 1f · All other contributions, gifts and grants

    $237,131

  • 1g · Noncash contributions included above

    $12,300

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $157,783 · related or exempt $157,783

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $54,244 · related or exempt $54,244

  • 2c · Program service revenue: INSURANCE RECOVERY

    total $45,695 · related or exempt $45,695

  • 2d · Program service revenue: MANAGEMENT FEE REVENUE

    total $22,000 · related or exempt $22,000

  • 2e · Program service revenue: OTHER UNRELATED BUS RE

    total $4,740 · unrelated business $4,740

  • 2f · All other program service revenue

    total $3,750 · excluded $3,750

  • 3 · Investment income

    total $46,686 · excluded $46,686

  • 6a · Gross rents

    real property $30,741

  • 6b · Less rental expenses

    real property $7,907

  • 6c · Rental income or loss

    real property $22,834

  • 6d · Net rental income or loss

    total $22,834 · unrelated business $16,310 · excluded $6,524

  • 7a · Gross sales of assets other than inventory

    securities $695,107

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

    securities $617,045

  • 7c · Gain or loss

    securities $78,062

  • 7d · Net gain or loss

    total $78,062 · excluded $78,062

  • 8a · Fundraising events: gross income

    $80,043

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

    $39,633

  • 8b · Fundraising events: direct expenses

    $82,787

  • 8c · Net income from fundraising events

    total -$2,744 · excluded -$2,744

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,500 · program services $25,500

  • 2 · Grants to domestic individuals

    total $35,000 · program services $35,000

  • 11b · Fees: legal

    total $67,611 · program services $19,019 · management and general $48,592

  • 11c · Fees: accounting

    total $34,290 · program services $9,646 · management and general $24,644

  • 11f · Fees: investment management

    total $16,618 · management and general $16,618

  • 11g · Fees: other

    total $104,559 · program services $49,466 · management and general $55,093

  • 12 · Advertising and promotion

    total $20,095 · program services $18,209 · management and general $1,172 · fundraising $714

  • 13 · Office expenses

    total $10,846 · program services $687 · management and general $10,041 · fundraising $118

  • 16 · Occupancy

    total $16,102 · management and general $16,102

  • 17 · Travel

    total $4,234 · program services $2,921 · management and general $23 · fundraising $1,290

  • 22 · Depreciation, depletion and amortization

    total $17,652 · management and general $17,652

  • 23 · Insurance

    total $52,839 · program services $10,677 · management and general $42,162

  • 24a · Other expenses: UBIT TAX

    total $4,522 · program services $286 · management and general $4,187 · fundraising $49

  • 24b · Other expenses: CONTRACT LABOR

    total $270,444 · program services $229,877 · management and general $27,045 · fundraising $13,522

  • 24c · Other expenses: TOURNAMENT PRIZES

    total $63,273 · program services $59,583 · management and general $3,690 · fundraising $0

  • 24d · Other expenses: TOURNAMENT OPERATIONS

    total $58,731 · program services $55,106 · management and general $3,625 · fundraising $0

  • 24e · All other expenses

    total $107,514 · program services $41,168 · management and general $65,749 · fundraising $597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,438 · end of year $16,604

  • 2 · Savings and temporary cash investments

    beginning of year $250,603 · end of year $4,360

  • 4 · Accounts receivable

    beginning of year $88,503 · end of year $84,705

  • 10a · Land, buildings and equipment: cost or other basis

    $752,206

  • 10b · Land, buildings and equipment: accumulated depreciation

    $185,336

  • 10c · Land, buildings and equipment, net

    beginning of year $554,153 · end of year $566,870

  • 11 · Investments: publicly traded securities

    beginning of year $1,461,167 · end of year $1,449,809

  • 15 · Other assets

    beginning of year $1,295 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,726 · end of year $38,823

  • 19 · Deferred revenue

    beginning of year $94,110 · end of year $112,665

  • 23 · Secured mortgages and notes payable

    beginning of year $250,000 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $149,147 · end of year $14,014

  • 27 · Net assets without donor restrictions

    beginning of year $1,315,970 · end of year $1,469,232

  • 28 · Net assets with donor restrictions

    beginning of year $507,206 · end of year $287,614

Mission and programs · 2023

Mission

TO CONNECT GOLF PROFESSIONALS WITH LOCAL YOUTH ORGANIATIONS TO PROMOTE YOUTH DEVELOPMENT THROUGH GOLF, AS WELL AS OFFER SCHOLARSHIPS TO QUALIFED INDIVIDUALS TO DEVELOP YOUTH.

Activities or mission (Part I)

PROMOTES THE GOODWILL AND GROWTH OF GOLF IN THE STATE OF ILLINOIS WITH AM EMPHASIS ON ACTIVITIES THAT BENEFIT YOUTH. ACTIVITIES INCLUDE GOLFWORKS ILLINOIS, GOLFGIVES.ORG, A YOUTH-BASED SCHOLARSHIP AND GRANTS PROGRAM AND THE ILLINOIS GOLF HALL OF FAME.

  • SCHOLARSHIPS - THE ILLINOIS PGA FOUNDATION AWARDED SCHOLARSHIPS TO DESERVING YOUTH THROUGH SEVERAL NAMED SCHOLARSHIP FUNDS.

    Expenses $35,000 · Grants $35,000

  • THE ILLINOIS PGA FOUNDATION SUPPORTS A VARIETY OF PROGRAMS TO PROVIDE GOLF RELATED OPPORTUNITIES TO JUNIORS AND VETERANS. THESE OPPORTUNITIES INCLUDED A JUNIOR TOUR FOR BOYS AND GIRLS AGES 14-18 AND ALSO INCLUDED GOLFWORKS ILLINOIS. THE FOUNDATION CO-SPONSORED SUMMER JOBS FOR ILLINOIS HIGH SCHOOL AND COLLEGE STUDENTS WORKING AT AREA GOLF COURSES AND JUNIOR GOLF ORGANIZATIONS. THE FOUNDATION CO-SPONSORED EMPLOYMENT FOR KIDS TO WORK AT THE FIRST TEE OF GREATER CHICAGO, ILLINOIS JUNIOR GOLF ASSOCIATION AND CHICAGO AREA GOLF COURSES. THE FOUNDATION FUNDED GOLF PROGRAMMING FOR VETERANS OF THE ARMED FORCES. THESE PROGRAMS WERE PROVIDED AS A PART OF REHABILITATIVE SERVICES.

    Expenses $496,645 · Revenue $279,722

  • THE ILLINOIS PGA FOUNDATION FUNDS VARIOUS IRC SECTION 501(C)(3) ORGANIZATIONS TO ASSIST THEIR PROGRAM SERVICE ACCOMPLISHMENTS.

    Expenses $25,500 · Grants $25,500

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

Listed in Part VII

  • Hans Larson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Glod

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andrew Stevens

    SECRETARTY

    Total calculated
    $0
    Hours/week
    1

  • Chris Gumbach

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tim O'Neal

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Oehlerking

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Mendez

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Trey Vandyke

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Papadakes

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Picciano

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Don Pieper

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Wes Warren

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Binder

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Cronin

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Thad Malik

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Munro

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Bensinger

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Brown Jr

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Mickelson

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    13

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202500499349301770

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

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