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← KANSAS STATE UNIVERSITY GOLF COURSE AND RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by KANSAS STATE UNIVERSITY GOLF COURSE AND RESEARCH FOUNDATION.

Totals

Total revenue
$1,526,086
Total expenses
$1,381,073
Contributions and grants received
$1,424,163
Grants paid
$0
Program service revenue
$51,790
Investment income
$8,828
Other revenue
$41,305
Total assets, end of year
$11,205,424
Total liabilities, end of year
$1,484,662
Net assets or fund balances, end of year
$9,720,762
Program services expenses (Part IX)
$1,022,677
Management and general expenses
$195,279
Fundraising expenses
$163,117
Program service expenses (Part III)
$1,022,677

Program services were 74.0% 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

    $341,518

  • 1f · All other contributions, gifts and grants

    $1,082,645

  • 2a · Program service revenue: THE FIRST TEE

    total $46,690 · related or exempt $46,690

  • 2b · Program service revenue: LOCKER RENTALS

    total $5,100 · related or exempt $5,100

  • 3 · Investment income

    total $8,828 · related or exempt $8,828

  • 8a · Fundraising events: gross income

    $61,655

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

    $341,518

  • 8b · Fundraising events: direct expenses

    $136,284

  • 8c · Net income from fundraising events

    total -$74,629

  • 11a · Other revenue: FOUNDERS - ANNUAL BIGHORN

    total $78,580 · related or exempt $78,580

  • 11b · Other revenue: CROFOOT CUP

    total $24,540 · related or exempt $24,540

  • 11c · Other revenue: EQUIPMENT LOAN REIMBURSEMENT

    total $11,476 · related or exempt $11,476

  • 11d · All other revenue

    total $1,338 · related or exempt $1,338

  • 11e · Other revenue, total

    $115,934

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $221,698 · program services $75,423 · management and general $27,400 · fundraising $118,875

  • 10 · Payroll taxes

    total $17,540 · program services $6,127 · management and general $2,112 · fundraising $9,301

  • 11b · Fees: legal

    total $5,605 · management and general $5,605

  • 11c · Fees: accounting

    total $48,885 · management and general $48,885

  • 11g · Fees: other

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $6,742 · management and general $6,742

  • 16 · Occupancy

    total $10,869 · program services $10,869

  • 17 · Travel

    total $15,177 · program services $1,593 · management and general $13,584

  • 20 · Interest

    total $66,284 · management and general $66,284

  • 21 · Payments to affiliates

    total $135,057 · program services $135,057

  • 22 · Depreciation, depletion and amortization

    total $513,901 · program services $513,901

  • 23 · Insurance

    total $26,757 · program services $6,091 · management and general $20,666

  • 24a · Other expenses: EVENT EXPENSES

    total $92,348 · program services $92,348

  • 24b · Other expenses: EQUIPMENT LEASE

    total $70,174 · program services $70,174

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $49,952 · program services $49,952

  • 24d · Other expenses: EVENT EXPENSES

    total $22,963 · fundraising $22,963

  • 24e · All other expenses

    total $74,121 · program services $61,142 · management and general $1,001 · fundraising $11,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $755,615 · end of year $835,013

  • 2 · Savings and temporary cash investments

    beginning of year $130,505 · end of year $142,977

  • 3 · Pledges and grants receivable

    beginning of year $1,834,551 · end of year $2,154,183

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

    $14,064,136

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

    $6,312,684

  • 10c · Land, buildings and equipment, net

    beginning of year $7,875,397 · end of year $7,751,452

  • 15 · Other assets

    beginning of year $414,244 · end of year $321,799

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,322 · end of year $18,292

  • 19 · Deferred revenue

    beginning of year $26,100 · end of year $14,250

  • 23 · Secured mortgages and notes payable

    beginning of year $1,391,161 · end of year $1,452,120

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,569,729 · end of year $9,720,762

Mission and programs · 2023

Mission

KSUGCMRF PROVIDES EDUCATIONAL OPPORTUNITIES TO KSU STUDENTS, A FACILITY FOR THE KSU MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC GOLF TEAMS, AND A PLAYING CONDITION RESEARCH FACILITY.

  • RESIDENT TEACHING COURSE FOR KSU GOLF COURSE MGMT PROGRAM, HOME COURSE FOR KSU INTERCOLLEGIATE ATHLETIC GOLF TEAMS, PLAYING CONDITION RESEARCH FACILITY RELATED TO THE ENVIRONMENT, SAFETY ISSUES, FIRST TEE PROGRAM, TURFGRASS DEVELOPMENT AND MANAGEMENT ISSUES.

    Expenses $1,022,677 · Revenue $51,790

As filed on the 2023 return.

Listed in Part VII

  • Brent Bayer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jim Colbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jayson Cyr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Duane Dautel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Holcombe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevin Lockett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie McAtee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amro Samy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Vanderbilt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lance White

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Scot Wolfington

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • GOLF GENERATIONS INC

    GOLF COURS · KS

  • GOLF GENERATIONS HC INC

    GOLF COURS · KS

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202443209349304359

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