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Nonprofiteer
← ASTROS GOLF FOUNDATION

Form 990 for tax year 2022

Filed by ASTROS GOLF FOUNDATION.

Totals

Total revenue
$28,837,644
Total expenses
$23,443,416
Contributions and grants received
$854,828
Grants paid
$4,934,796
Program service revenue
$27,882,988
Investment income
$99,828
Other revenue
$0
Total assets, end of year
$11,452,183
Total liabilities, end of year
$8,629,660
Net assets or fund balances, end of year
$2,822,523
Program services expenses (Part IX)
$23,443,416
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$23,443,416

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $854,828

  • 2a · Program service revenue: HOUSTON OPEN

    total $27,882,988 · related or exempt $27,882,988

  • 3 · Investment income

    total $99,828 · excluded $99,828

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,934,796 · program services $4,934,796

  • 5 · Compensation of officers, directors and key employees

    total $619,455 · program services $619,455

  • 7 · Other salaries and wages

    total $171,224 · program services $171,224

  • 8 · Pension plan contributions

    total $28,929 · program services $28,929

  • 9 · Other employee benefits

    total $83,572 · program services $83,572

  • 10 · Payroll taxes

    total $44,739 · program services $44,739

  • 11c · Fees: accounting

    total $97,799 · program services $97,799

  • 12 · Advertising and promotion

    total $260,817 · program services $260,817

  • 13 · Office expenses

    total $127,402 · program services $127,402

  • 14 · Information technology

    total $53,655 · program services $53,655

  • 17 · Travel

    total $16,440 · program services $16,440

  • 20 · Interest

    total $27,569 · program services $27,569

  • 22 · Depreciation, depletion and amortization

    total $5,985 · program services $5,985

  • 23 · Insurance

    total $86,245 · program services $86,245

  • 24a · Other expenses: TOUR OPERATING EXPENSES

    total $14,032,589 · program services $14,032,589

  • 24b · Other expenses: TELEVISION FEES

    total $1,852,200 · program services $1,852,200

  • 24c · Other expenses: COURSE FEES

    total $1,000,000 · program services $1,000,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,211,611 · end of year $1,385,658

  • 2 · Savings and temporary cash investments

    beginning of year $4,287,847 · end of year $7,754,563

  • 3 · Pledges and grants receivable

    beginning of year $2,095,883 · end of year $1,699,903

  • 4 · Accounts receivable

    beginning of year $866,244 · end of year $152,197

  • 8 · Inventories for sale or use

    beginning of year $125,347 · end of year $231,732

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,954

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

    $32,731

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

    $24,601

  • 10c · Land, buildings and equipment, net

    beginning of year $15,704 · end of year $8,130

  • 15 · Other assets

    beginning of year $910,000 · end of year $220,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,291,263 · end of year $6,177,328

  • 19 · Deferred revenue

    beginning of year $3,407,249 · end of year $2,452,332

  • 24 · Unsecured notes and loans payable

    beginning of year $3,503,783

  • 27 · Net assets without donor restrictions

    beginning of year -$4,609,363 · end of year $1,066,083

  • 28 · Net assets with donor restrictions

    beginning of year $2,037,658 · end of year $1,756,440

Mission and programs · 2022

Mission

TO ENSURE THE PGA TOUR'S HOUSTON OPEN CONTINUES TO INFLUENCE THE HOUSTON COMMUNITY IN A POSITVE MANNER. TO HELP FOSTER THE GAME OF GOLF, TO INTRODUCE GOLF TO THE YOUTH AND UNDERPRIVILEDGED INDIVIDUALS IN THE HOUSTON COMMUNITY.

Activities or mission (Part I)

ENRICHING THE LIVES OF HOUSTONIANS AND EMPOWERING THE COMMUNITY THROUGH THE GAME OF GOLF

  • PGA PRO GOLF TOURNAMENT, THE HOUSTON OPEN, WAS PLAYED NOVEMBER 10TH-13TH, 2022. THE EVENT RAISED FUNDS FOR 501(C)(3) CHARITIES IN THE HOUSTON AREA. THE HOUSTON OPEN ACTIVITY INCLUDES THE HOUSTON PRO-AM AND THE HOUSTON JUNIOR PRO-AM EVENTS.

    Expenses $23,443,416 · Grants $4,934,796 · Revenue $27,882,988

As filed on the 2022 return.

Listed in Part VII

  • Giles Kibbe

    PRESIDENT & DIRECTOR

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • James R Crane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jared Crane

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Michael Slaughter

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Callaway

    TOURNAMENT DIRECTOR

    Total calculated
    $283,358
    From this org
    $244,353
    From related orgs
    $0
    Other
    $39,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,154
    Bonus
    $1,000
    Other
    $39,199
    Deferred
    $13,547
    Nontaxable benefits
    $25,458
    Filer's total
    $283,358

  • Brian White

    SALES MANAGER

    Total calculated
    $313,436
    From this org
    $275,102
    From related orgs
    $0
    Other
    $38,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,662
    Bonus
    $173,693
    Other
    $19,747
    Deferred
    $15,381
    Nontaxable benefits
    $22,953
    Filer's total
    $313,436

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 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349313735

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