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← COLORADO PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2024

Filed by COLORADO PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$1,760,478
Total expenses
$1,691,297
Contributions and grants received
$622,943
Grants paid
$130,410
Program service revenue
$1,149,749
Investment income
$4,523
Other revenue
-$16,737
Total assets, end of year
$466,992
Total liabilities, end of year
$130,143
Net assets or fund balances, end of year
$336,849
Program services expenses (Part IX)
$1,492,080
Management and general expenses
$199,217
Fundraising expenses
$0
Program service expenses (Part III)
$1,492,080

Program services were 88.2% 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

    $278,135

  • 1f · All other contributions, gifts and grants

    $344,808

  • 1g · Noncash contributions included above

    $60,979

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $969,884 · related or exempt $969,884

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $114,477 · related or exempt $114,477

  • 2c · Program service revenue: SPONSORSHIP REVENUE

    total $58,744 · excluded $58,744

  • 2d · Program service revenue: EDUCATION AND MEETING

    total $6,636 · related or exempt $6,636

  • 2e · Program service revenue: MISCELLANEOUS REVENUE

    total $8 · related or exempt $8

  • 3 · Investment income

    total $1,290 · excluded $1,290

  • 7a · Gross sales of assets other than inventory

    securities $3,233

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

    securities $0

  • 7c · Gain or loss

    securities $3,233

  • 7d · Net gain or loss

    total $3,233 · excluded $3,233

  • 8a · Fundraising events: gross income

    $100,939

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

    $278,135

  • 8b · Fundraising events: direct expenses

    $117,676

  • 8c · Net income from fundraising events

    total -$16,737 · excluded -$16,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,910 · program services $104,910

  • 2 · Grants to domestic individuals

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

  • 11a · Fees: management

    total $500 · program services $500

  • 11b · Fees: legal

    total $74 · management and general $74

  • 11f · Fees: investment management

    total $570 · management and general $570

  • 11g · Fees: other

    total $254,157 · program services $252,301 · management and general $1,856

  • 12 · Advertising and promotion

    total $11,678 · program services $3,094 · management and general $8,584

  • 13 · Office expenses

    total $48,213 · program services $42,125 · management and general $6,088

  • 17 · Travel

    total $42,743 · program services $38,467 · management and general $4,276

  • 20 · Interest

    total $1,892 · management and general $1,892

  • 21 · Payments to affiliates

    total $546,780 · program services $382,752 · management and general $164,028

  • 22 · Depreciation, depletion and amortization

    total $23,578 · program services $20,041 · management and general $3,537

  • 23 · Insurance

    total -$2,247 · management and general -$2,247

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $421,329 · program services $421,103 · management and general $226

  • 24b · Other expenses: TOURNAMENT PRIZES

    total $96,030 · program services $94,963 · management and general $1,067

  • 24c · Other expenses: PROCESSING FEES

    total $61,334 · program services $58,457 · management and general $2,877

  • 24d · Other expenses: FOOD AND BEVERAGE

    total $43,146 · program services $43,146

  • 24e · All other expenses

    total $11,110 · program services $4,721 · management and general $6,389

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,891 · end of year $275,787

  • 2 · Savings and temporary cash investments

    beginning of year $1,331 · end of year $1,526

  • 4 · Accounts receivable

    beginning of year $20,945 · end of year $43,282

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

    $122,448

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

    $53,955

  • 10c · Land, buildings and equipment, net

    beginning of year $75,672 · end of year $68,493

  • 11 · Investments: publicly traded securities

    beginning of year $55,305 · end of year $60,842

  • 15 · Other assets

    beginning of year $0 · end of year $17,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,333 · end of year $106,082

  • 19 · Deferred revenue

    beginning of year $2,410 · end of year $3,250

  • 23 · Secured mortgages and notes payable

    beginning of year $26,049 · end of year $20,811

  • 25 · Other liabilities

    beginning of year $15,491 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $251,463 · end of year $336,849

  • 28 · Net assets with donor restrictions

    beginning of year $14,398 · end of year $0

Mission and programs · 2024

Mission

PROGRAMS ARE DESIGNED TO PROMOTE INCLUSION AND ACCESS THROUGH INITIATIVES THAT SERVE YOUTH, MILITARY PERSONNEL, AND DIVERSE POPULATIONS. THE ORGANIZATION PROVIDES EDUCATIONAL SCHOLARSHIPS, CONTRIBUTES TO JUNIOR GOLF PROGRAMS THROUGHOUT COLORADO, AND MAKES CASH GRANTS AND DONATIONS TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS THAT ALIGN WITH ITS MISSION. THROUGH THESE EFFORTS, PGA REACH COLORADO USES THE GAME OF GOLF AS A VEHICLE TO INSPIRE, EMPOWER, AND CONNECT COMMUNITIES.

  • FOUNDATION PROMOTES YOUTH DEVELOPMENT, EDUCATIONAL ADVANCEMENT, AND COMMUNITY INCLUSION. IT SUPPORTS JUNIOR GOLF PROGRAMS THAT TEACH LEADERSHIP, CHARACTER, AND LIFE SKILLS; AWARDS EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS; AND PROVIDES GRANTS AND CASH DONATIONS TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS THAT SHARE ITS MISSION. ADDITIONALLY, THE FOUNDATION DELIVERS OUTREACH PROGRAMS FOR MILITARY PERSONNEL, VETERANS, AND DIVERSE POPULATIONS.

    Expenses $1,492,080 · Grants $130,410 · Revenue $1,091,005

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Keith Soriano

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Joe Kamby

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Spencer Zinn

    TRUSTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mark Pfingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Make Kelbel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darren Szot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Ashley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Bartkowski

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

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
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202533029349302363

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