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Nonprofiteer
← U S CHALLENGE CUP INC

Form 990 for tax year 2023

Filed by U S CHALLENGE CUP INC.

Totals

Total revenue
$497,644
Total expenses
$494,916
Contributions and grants received
$54,500
Grants paid
$0
Program service revenue
$443,144
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,407
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,407
Program services expenses (Part IX)
$424,947
Management and general expenses
$69,969
Fundraising expenses
$0
Program service expenses (Part III)
$424,947

Program services were 85.9% 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

    $54,500

  • 2a · Program service revenue: Tournament Revenue

    total $443,144 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $82,524 · program services $55,016 · management and general $27,508 · fundraising $0

  • 7 · Other salaries and wages

    total $70,385 · program services $46,923 · management and general $23,462 · fundraising $0

  • 9 · Other employee benefits

    total $17,280 · program services $17,280 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $10,777 · program services $7,185 · management and general $3,592 · fundraising $0

  • 13 · Office expenses

    total $2,865 · program services $1,910 · management and general $955 · fundraising $0

  • 14 · Information technology

    total $4,120 · program services $2,747 · management and general $1,373 · fundraising $0

  • 16 · Occupancy

    total $1,600 · program services $1,067 · management and general $533 · fundraising $0

  • 17 · Travel

    total $18,252 · program services $12,168 · management and general $6,084 · fundraising $0

  • 23 · Insurance

    total $2,204 · program services $1,322 · management and general $882 · fundraising $0

  • 24a · Other expenses: Direct Tournament Costs

    total $268,169 · program services $268,169 · management and general $0 · fundraising $0

  • 24b · Other expenses: Communications

    total $5,322 · program services $3,548 · management and general $1,774 · fundraising $0

  • 24c · Other expenses: Misc. Expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Charitable Contributions

    total $3,500 · program services $2,333 · management and general $1,167 · fundraising $0

  • 24e · All other expenses

    total $7,918 · program services $5,279 · management and general $2,639 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,679 · end of year $15,407

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,679 · end of year $15,407

Mission and programs · 2023

Mission

To provide amateur junior golfers with tournament opportunities and for athletic and social achievement.

  • Running golf tournaments and supporting national competitions for amateur junior golfers.

    Expenses $424,947 · Revenue $443,144

As filed on the 2023 return.

Listed in Part VII

  • David F Adamonis

    COO, Treasurer

    Total calculated
    $82,524
    From this org
    $82,524
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Sean Fecteau

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • David Wilson

    Vice President

    Total calculated
    $0
    Hours/week
    2
  • Steven Feinstein

    President

    Total calculated
    $0
    Hours/week
    4

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403199349305760

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