Totals
- Total revenue
- $4,926,030
- Total expenses
- $5,099,310
- Contributions and grants received
- $0
- Grants paid
- $215,500
- Program service revenue
- $4,911,323
- Investment income
- $14,707
- Other revenue
- $0
- Total assets, end of year
- $796,557
- Total liabilities, end of year
- $215,500
- Net assets or fund balances, end of year
- $581,057
- Program services expenses (Part IX)
- $4,505,561
- Management and general expenses
- $593,749
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,505,561
Program services were 88.4% 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.
-
2a · Program service revenue: GOLF TOURNAMENT
total $4,911,323 · related or exempt $4,911,323
-
3 · Investment income
total $14,707 · excluded $14,707
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $215,500 · program services $215,500
-
5 · Compensation of officers, directors and key employees
total $288,391 · management and general $288,391
-
7 · Other salaries and wages
total $255,558 · program services $166,113 · management and general $89,445
-
8 · Pension plan contributions
total $2,923 · management and general $2,923
-
9 · Other employee benefits
total $20,589 · management and general $20,589
-
10 · Payroll taxes
total $30,276 · program services $9,246 · management and general $21,030
-
11a · Fees: management
total $4,870 · management and general $4,870
-
12 · Advertising and promotion
total $288,382 · program services $288,382
-
13 · Office expenses
total $218,824 · program services $186,000 · management and general $32,824
-
14 · Information technology
total $29,086 · management and general $29,086
-
16 · Occupancy
total $50,601 · management and general $50,601
-
17 · Travel
total $92,628 · program services $92,628
-
20 · Interest
total $4,471 · program services $4,471
-
23 · Insurance
total $43,904 · program services $43,904
-
24a · Other expenses: CASH & NONCASH PRIZES
total $1,361,193 · program services $1,361,193
-
24b · Other expenses: LPGA SANCTION FEE
total $654,554 · program services $654,554
-
24c · Other expenses: FOOD & BEVERAGES
total $490,622 · program services $490,622
-
24d · Other expenses: LPGA EVENT FEES
total $382,505 · program services $382,505
-
24e · All other expenses
total $664,433 · program services $610,443 · management and general $53,990
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $268,933 · end of year $77,062
-
4 · Accounts receivable
beginning of year $9,500 · end of year $21,500
-
10a · Land, buildings and equipment: cost or other basis
$26,842
-
10b · Land, buildings and equipment: accumulated depreciation
$26,842
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $957,389 · end of year $697,475
-
15 · Other assets
beginning of year $520 · end of year $520
-
18 · Grants payable
beginning of year $400,000 · end of year $215,500
-
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 $836,342 · end of year $581,057
Mission and programs · 2022
Mission
TOLEDO CLASSIC, INC. CONDUCTS THE DANA OPEN. THE NET PROCEEDS OF THIS EVENT ARE DISTRIBUTED TO TOLEDO AREA CHILDREN'S CHARITIES TO BE USED FOR CHARITABLE PURPOSES.
-
NET REVENUES IN EXCESS OF UNDISTRIBUTED TOURNAMENT EQUITY FROM THE 2023 DANA OPEN LADIES PROFESSIONAL GOLF ASSOCIATION GOLF TOURNAMENT WERE DISTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS IN THE TOLEDO AREA.
Expenses $4,505,561 · Grants $215,500 · Revenue $4,911,323
As filed on the 2022 return.
Listed in Part VII
-
Kurt ManzKURT MANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judd SilvermanJUDD SILVERMAN
PRESIDENT
- Total calculated
- $328,074
- From this org
- $301,154
- From related orgs
- $0
- Other
- $26,920
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,154
- Bonus
- $65,000
- Other
- $0
- Deferred
- $11,601
- Nontaxable benefits
- $15,319
- Filer's total
- $328,074
-
Marc StockwellMARC STOCKWELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Steve PoturalskiSTEVE POTURALSKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tony ClarkTONY CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike CollinsMIKE COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary GeigerGARY GEIGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff ColeJEFF COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie HappJAMIE HAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg KasperGREG KASPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark KnierimMARK KNIERIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin KornowaKEVIN KORNOWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen WeidnerSTEPHEN WEIDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RiceJOHN RICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dirk VanheystDIRK VANHEYST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don RettigDON RETTIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad MefferdBRAD MEFFERD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott SchuellerSCOTT SCHUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex GerkenALEX GERKEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew YoungANDREW YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea GwynANDREA GWYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris DenmanCHRIS DENMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea GurcsikANDREA GURCSIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark LossMARK LOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sydney WilliamsSYDNEY WILLIAMS
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Aaron BlyAARON BLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad HirschBRAD HIRSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron WeltyRON WELTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nadia ElwardanyNADIA ELWARDANY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela MingoANGELA MINGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- EMPLOYEE SHALL RECEIVE A BONUS THAT IS BASED UPON EMPLOYEE'S SERVICE AND PERFORMANCE DURING ANY GIVEN YEAR. THE DETERMINATION OF THE BONUS AWARD SHALL BE MADE AS SOON AS PRACTICABLE AFTER THE FINAL TOURNAMENT ACCOUNTING.
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
-
RONALD MCDONALD HOUSE CHARITIES
$50,000
CAPITAL FUNDS PROJECT
-
$35,000
SUPPORT CHILDREN OF DOMESTIC VIOLENCE WITH DIFFERENT PROGRAMMING
-
$20,000
PROVIDE EMERGENCY FAMILY SHELTER & SUPPORT WITH NEEDS DURING TRANSITION TO PERMANENT HOUSING
-
$15,500
COLLEGE SCHOLARSHIPS
-
SUPPORT THE TEAM PROGRAMS THAT HELP KIDS EXERCISE, BUILD RELATIONSHIPS & LEARN SPORTS
-
SUPPORTS & ASSISTS MAUMEE VALLEY HABITAT FOR HUMANITY WOMEN'S BUILD
-
$10,000
PROVIDE CLOTHING FOR CHILDREN IN NEED
-
NATIONWIDE CHILDREN'S HOSPITAL - TOLEDO
$10,000
SUPPORTS NATIONWIDE CHILDREN'S HOSPITAL - TOLEDO
-
$10,000
HELPS PROVIDE SPORTS OPPORTUNITES FOR CHILDREN & YOUNG ADULTS WITH SPECIAL NEEDS IN NW OHIO
-
PROVIDE INDIVIDUAL SERVICE & THERAPY DOGS FOR SCHOOL FACILITIES
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402219349301215
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.