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Nonprofiteer
← THE FIRST TEE OF CHICAGO FOUNDATION

Form 990 for tax year 2024

Filed by THE FIRST TEE OF CHICAGO FOUNDATION.

Totals

Total revenue
$1,909,722
Total expenses
$1,902,657
Contributions and grants received
$1,500,168
Grants paid
$0
Program service revenue
$189,271
Investment income
$34,911
Other revenue
$185,372
Total assets, end of year
$3,504,587
Total liabilities, end of year
$15,037
Net assets or fund balances, end of year
$3,489,550
Program services expenses (Part IX)
$1,416,417
Management and general expenses
$315,494
Fundraising expenses
$170,746
Program service expenses (Part III)
$1,416,417

Program services were 74.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,500,168

  • 2a · Program service revenue: PARTICPANT AND GROUP FEES

    total $189,271 · related or exempt $189,271

  • 3 · Investment income

    total $34,911 · excluded $34,911

  • 8a · Fundraising events: gross income

    $330,830

  • 8b · Fundraising events: direct expenses

    $145,458

  • 8c · Net income from fundraising events

    total $185,372

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $212,755 · program services $151,202 · management and general $36,828 · fundraising $24,725

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $790,272 · program services $561,637 · management and general $136,794 · fundraising $91,841

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $51,686 · program services $36,981 · management and general $8,864 · fundraising $5,841

  • 10 · Payroll taxes

    total $90,651 · program services $64,860 · management and general $15,546 · fundraising $10,245

  • 11a · Fees: management

    total $42,248 · management and general $42,248

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $21,621 · program services $18,569 · fundraising $3,052

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $102,225 · program services $76,470 · management and general $25,755

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,450 · management and general $4,450

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $353,968 · program services $346,945 · management and general $7,023

  • 23 · Insurance

    total $52,117 · program services $37,289 · management and general $8,938 · fundraising $5,890

  • 24a · Other expenses: TRAINING EXPENSES

    total $482 · program services $482

  • 24b · Other expenses: SUPPLIES

    total $58,641 · program services $49,783 · management and general $8,858

  • 24c · Other expenses: WAVELAND OPERATING

    total $62,492 · program services $62,492

  • 24d · Other expenses: EQUIPMENT RENTALS

    total $1,152 · program services $1,152

  • 24e · All other expenses

    total $57,897 · program services $8,555 · management and general $20,190 · fundraising $29,152

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,710 · end of year $203,599

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,070 · end of year $8,371

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

    $49,162

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

    $18,143

  • 10c · Land, buildings and equipment, net

    beginning of year $38,042 · end of year $31,019

  • 12 · Investments: other securities

    beginning of year $572,790 · end of year $954,808

  • 14 · Intangible assets

    beginning of year $2,253,735 · end of year $2,256,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,862 · end of year $15,037

  • 27 · Net assets without donor restrictions

    beginning of year $978,750 · end of year $1,232,760

  • 28 · Net assets with donor restrictions

    beginning of year $2,503,735 · end of year $2,256,790

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

FIRST TEE IS DEDICATED TO IMPACTING THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

  • GOLF IS JUST PART OF FIRST TEE. THROUGH OUR PROGRAM THAT STRENGTHENS CHARACTER, KIDS WILL LEARN LIFE SKILLS LIKE, UNDERSTANDING AND MANAGING EMOTIONS, RESOLVING CONFLICTS, SETTING UP STEP BY STEP GOALS, PLANNING FOR THE FUTURE AND APPRECIATING DIVERSITY THAT WILL STAY WITH THEM INTO THE REST OF THEIR LIVES.

    Expenses $1,353,925

  • WAVELAND PROJECT - ADJACENT TO THE SYDNEY R MAROVITZ GOLF COURSE, OUR NEW KIDS CLUBHOUSE AND SHORT GAME WILL ENABLE US TO PROVIDE YEAR-ROUND ACCESSIBILITY TO FREE AND LOW COST PROGRAMS TO YOUTH OF ALL BACKGROUNDS

    Expenses $62,492

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

Listed in Part VII

  • Lea Jesse

    CEO

    Total calculated
    $212,755
    From this org
    $212,755
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $188,000
    Bonus
    $24,755
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $212,755

  • Brandon White

    VP of Programming and Operations

    Total calculated
    $103,276
    From this org
    $103,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Kevin Callahan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Charles Waddell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Todd Simpson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jason Pritzker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Brennan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Jemsek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Lesnik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Merrill

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Affeldt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Gutzwiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vicki Bednar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Bosman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Clary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Cobb

    PARENT LIASON

    Total calculated
    $0
    Hours/week
    1

  • John Podjasek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Stark

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Pullie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lesley Baker

    GOV NOM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Thaddeus Malik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Moe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Pepping

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Stadler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William O'Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Cashman

    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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2025
IRS schema version
2024v5.2
Source object
202532179349300128

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