Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $33,615

• 2a · Program service revenue: REIMBURSED EXPENSES

  total $125,060 · related or exempt $125,060

• 2b · Program service revenue: TOURNAMENT REVENUE

  total $16,600 · related or exempt $16,600

• 2c · Program service revenue: MANAGEMENT FEE REVENUE

  total $8,500 · related or exempt $8,500

• 2d · Program service revenue: SPONSORSHIP REVENUE

  total $2,000 · excluded $2,000

• 3 · Investment income

  total $1,567 · excluded $1,567

• 6a · Gross rents

  real property $73,000

• 6b · Less rental expenses

  real property $49,362

• 6c · Rental income or loss

  real property $23,638

• 6d · Net rental income or loss

  total $23,638 · excluded $23,638

• 7a · Gross sales of assets other than inventory

  securities $112

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

  securities $0

• 7c · Gain or loss

  securities $112

• 7d · Net gain or loss

  total $112 · excluded $112

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $32,050 · program services $32,050

• 11a · Fees: management

  total $97,903 · program services $78,320 · management and general $14,688 · fundraising $4,895

• 11f · Fees: investment management

  total $424 · program services $424

• 11g · Fees: other

  total $16,679 · program services $16,679

• 13 · Office expenses

  total $3,581 · program services $2,865 · management and general $537 · fundraising $179

• 17 · Travel

  total $8,307 · program services $6,646 · management and general $1,661

• 22 · Depreciation, depletion and amortization

  total $950 · program services $475 · management and general $475

• 24a · Other expenses: TOURNAMENT OPERATIONS

  total $24,228 · program services $24,228

• 24b · Other expenses: TOURNAMENT PRIZES

  total $8,382 · program services $8,382

• 24c · Other expenses: EQUIPMENT RENTAL AND MA

  total $1,193 · program services $1,193

• 24d · Other expenses: PROCESSING FEES

  total $1,070 · program services $1,070

• 24e · All other expenses

  total $925 · program services $925

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $154,504 · end of year $85,996

• 2 · Savings and temporary cash investments

  beginning of year $4,581 · end of year $1,228

• 4 · Accounts receivable

  beginning of year $5,000 · end of year $35,000

• 7 · Other notes and loans receivable

  beginning of year $15,000 · end of year $0

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

  $773,819

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

  $367,201

• 10c · Land, buildings and equipment, net

  beginning of year $397,610 · end of year $406,618

• 11 · Investments: publicly traded securities

  beginning of year $88,955 · end of year $80,041

• 15 · Other assets

  beginning of year $143,479 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $175 · end of year $6,764

• 25 · Other liabilities

  beginning of year $224,064 · end of year $15,349

• 27 · Net assets without donor restrictions

  beginning of year $584,890 · end of year $561,044

• 28 · Net assets with donor restrictions

  end of year $25,726

The filer's explanations (Part III)

SCHEDULE J, PAGE 1,PART I, LINE 3

THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR INCLUDES REVIEW AND APPROVAL BY THE BOARD, COMPARISON TO A COMPENSATION STUDY AND DOCUMENTATION IN A WRITTEN EMPLOYMENT CONTRACT APPROVED BY THE BOARD. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR DIRECTORS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MICHIGAN PGA CORPORATION

  C · GOLF EVENTS · MI · 100% owned