Totals
- Total revenue
- $3,385,771
- Total expenses
- $1,260,779
- Contributions and grants received
- $2,925,625
- Grants paid
- $53,399
- Program service revenue
- $194,705
- Investment income
- $87,863
- Other revenue
- $177,578
- Total assets, end of year
- $13,383,355
- Total liabilities, end of year
- $413,813
- Net assets or fund balances, end of year
- $12,969,542
- Program services expenses (Part IX)
- $994,716
- Management and general expenses
- $266,063
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $994,716
Program services were 78.9% 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.
-
1f · All other contributions, gifts and grants
$2,925,625
-
1g · Noncash contributions included above
$239,658
-
2a · Program service revenue: Membership fees
total $131,408 · related or exempt $131,408
-
2b · Program service revenue: Tournament & others
total $63,297 · related or exempt $63,297
-
3 · Investment income
total $86,430 · excluded $86,430
-
6a · Gross rents
real property $175,110
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $175,110
-
6d · Net rental income or loss
total $175,110 · excluded $175,110
-
7a · Gross sales of assets other than inventory
securities $241,091
-
7b · Less cost or other basis and sales expenses
securities $239,658
-
7c · Gain or loss
securities $1,433
-
7d · Net gain or loss
total $1,433 · excluded $1,433
-
10a · Gross sales of inventory
$8,052
-
10b · Cost of goods sold
$5,584
-
10c · Net income from sales of inventory
total $2,468 · unrelated business $2,468
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $53,399 · program services $53,399
-
7 · Other salaries and wages
total $93,459 · program services $93,459
-
10 · Payroll taxes
total $7,924 · program services $7,924
-
11b · Fees: legal
total $2,585 · management and general $2,585
-
11c · Fees: accounting
total $3,000 · management and general $3,000
-
11g · Fees: other
total $385,942 · program services $320,923 · management and general $65,019
-
12 · Advertising and promotion
total $105,891 · management and general $105,891
-
13 · Office expenses
total $46,280 · management and general $46,280
-
14 · Information technology
total $2,245 · management and general $2,245
-
16 · Occupancy
total $275,870 · program services $275,870
-
17 · Travel
total $81,159 · program services $81,159
-
19 · Conferences, conventions and meetings
total $46,236 · program services $46,236
-
20 · Interest
total $32 · management and general $32
-
22 · Depreciation, depletion and amortization
total $62,231 · program services $62,231
-
23 · Insurance
total $41,011 · management and general $41,011
-
24a · Other expenses: Repairs
total $20,994 · program services $20,994
-
24b · Other expenses: Transportation
total $10,490 · program services $10,490
-
24c · Other expenses: Supplies
total $9,672 · program services $9,672
-
24d · Other expenses: Equipment expense
total $5,150 · program services $5,150
-
24e · All other expenses
total $7,209 · program services $7,209
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,250,020 · end of year $5,212,877
-
2 · Savings and temporary cash investments
beginning of year $5,658,069 · end of year $5,966,381
-
4 · Accounts receivable
beginning of year $5,684 · end of year $65,579
-
8 · Inventories for sale or use
beginning of year $256 · end of year $256
-
9 · Prepaid expenses and deferred charges
end of year $6,022
-
10a · Land, buildings and equipment: cost or other basis
$2,315,060
-
10b · Land, buildings and equipment: accumulated depreciation
$182,820
-
10c · Land, buildings and equipment, net
beginning of year $2,182,877 · end of year $2,132,240
-
17 · Accounts payable and accrued expenses
beginning of year $252,356 · end of year $413,813
-
27 · Net assets without donor restrictions
beginning of year $10,829,550 · end of year $12,954,542
-
28 · Net assets with donor restrictions
beginning of year $15,000 · end of year $15,000
Mission and programs · 2022
Mission
To undertake activities to promote education, relieve poverty and provide assistance to disadvantaged young people.
Activities or mission (Part I)
To promote education, relieve poverty and provide assistance to disadvantaged young people.
-
The Congaree Foundation's purpose is to positively impact the lives of young people, locally and around the globe, by providing educational and vocational opportunities through the game of golf.The Congaree Foundation hosts the Congaree Global Golf Initiative to help academically committed and talented young golfers with limited resources expand their options and access to post-secondary education and athletic scholarships. The Foundation partners with community nonprofits and local golf organizations to offer golf instruction, workforce training opportunities and support programs to young people and families in the South Carolina Lowcountry.
Expenses $994,716 · Grants $53,399 · Revenue $194,705
As filed on the 2022 return.
Listed in Part VII
-
Marcus A Watts
President & Director
- Total calculated
- $150,001
- From this org
- $0
- From related orgs
- $150,001
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $150,001 related
-
Scott Schwinger
Vice President & Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric F Williamson
Director
- Total calculated
- $150,001
- From this org
- $0
- From related orgs
- $150,001
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $150,001 related
-
Ben Grady
Executive Director
- Total calculated
- $83,147
- From this org
- $0
- From related orgs
- $83,147
- Other
- $0
- Hours/week
- 40
-
Paige Larrabee
Secretary
- Total calculated
- $150,001
- From this org
- $0
- From related orgs
- $150,001
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $150,001 related
-
Sandra Sena
Treasurer
- Total calculated
- $150,001
- From this org
- $0
- From related orgs
- $150,001
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $150,001 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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- Part I, Line 3
- The Congaree Foundation Board of Directors determined the appropriate compensation for Congaree Foundation's Executive Director. The compensation was determined using the Exponent Philanthropy Foundation Operations and Management report. Exponent is a philanthropy serving organization, and their report is highly regarded in the field.
- Part I, Line 4b
- Paige B. Larrabee received a distribution from a non-qualified compensation plan of $30,227.
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
-
$35,000
Launch Program
-
$15,000
General support
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Sergeant Jasper LLC
Municipal golf facility · TX · income $236,973 · assets $70,503
Directly controlled by Congaree Foundation
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Congaree Golf Partners LLC
N/A · Golf Club · TX
-
Iconic Properties LLC
N/A · Hotel · DE
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Friedkin Companies Inc
S · Corporate Svc · TX
-
Pursuit Holdings LLC
S · Holding Company · DE
-
The Friedkin Group Inc
S · Holding Company · TX
-
AS Roma Srl
C · Spectator Sports · IT
-
NEEP Roma Holdings Srl
C · Investments · IT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349314474
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