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Nonprofiteer
← METROPOLITAN SECTION PGA FOUNDATION INC

Form 990 for tax year 2023

Filed by METROPOLITAN SECTION PGA FOUNDATION INC.

Totals

Total revenue
$1,462,352
Total expenses
$1,524,191
Contributions and grants received
$584,001
Grants paid
$104,800
Program service revenue
$840,411
Investment income
$45,323
Other revenue
-$7,383
Total assets, end of year
$1,532,357
Total liabilities, end of year
$102,972
Net assets or fund balances, end of year
$1,429,385
Program services expenses (Part IX)
$1,221,037
Management and general expenses
$303,154
Fundraising expenses
$0
Program service expenses (Part III)
$1,221,037

Program services were 80.1% 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

    $103,150

  • 1f · All other contributions, gifts and grants

    $480,851

  • 1g · Noncash contributions included above

    $8,100

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $787,150 · related or exempt $787,150

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $36,961 · related or exempt $36,961

  • 2c · Program service revenue: MANAGEMENT FEE REVENUE

    total $14,000 · related or exempt $14,000

  • 2d · Program service revenue: SPONSORSHIP REVENUE

    total $2,300 · excluded $2,300

  • 3 · Investment income

    total $31,962 · excluded $31,962

  • 7a · Gross sales of assets other than inventory

    securities $68,535

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

    securities $55,174

  • 7c · Gain or loss

    securities $13,361

  • 7d · Net gain or loss

    total $13,361 · excluded $13,361

  • 8a · Fundraising events: gross income

    $78,674

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

    $103,150

  • 8b · Fundraising events: direct expenses

    $86,057

  • 8c · Net income from fundraising events

    total -$7,383 · excluded -$7,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $98,800 · program services $98,800

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 11a · Fees: management

    total $686,118 · program services $535,172 · management and general $150,946

  • 11c · Fees: accounting

    total $44,000 · management and general $44,000

  • 11f · Fees: investment management

    total $15,159 · management and general $15,159

  • 11g · Fees: other

    total $55,176 · management and general $55,176

  • 13 · Office expenses

    total $24,624 · management and general $24,624

  • 17 · Travel

    total $26,526 · program services $26,526

  • 20 · Interest

    total $363 · program services $363

  • 22 · Depreciation, depletion and amortization

    total $8,790 · program services $8,790

  • 23 · Insurance

    total $9,518 · program services $9,518

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $182,616 · program services $182,616

  • 24b · Other expenses: TOURNAMENT PRIZES

    total $111,136 · program services $111,136

  • 24c · Other expenses: FOOD AND BEVERAGE

    total $94,909 · program services $94,909

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $77,588 · program services $77,588

  • 24e · All other expenses

    total $82,868 · program services $69,619 · management and general $13,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $599,808 · end of year $214,586

  • 2 · Savings and temporary cash investments

    beginning of year $82,660 · end of year $102,832

  • 4 · Accounts receivable

    beginning of year $91,014 · end of year $145,777

  • 7 · Other notes and loans receivable

    beginning of year $234,570 · end of year $0

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

    $54,016

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

    $32,040

  • 10c · Land, buildings and equipment, net

    beginning of year $30,766 · end of year $21,976

  • 11 · Investments: publicly traded securities

    beginning of year $659,680 · end of year $1,044,372

  • 15 · Other assets

    beginning of year $0 · end of year $2,814

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,977 · end of year $24,618

  • 19 · Deferred revenue

    end of year $325

  • 25 · Other liabilities

    beginning of year $174,213 · end of year $78,029

  • 27 · Net assets without donor restrictions

    beginning of year $1,395,965 · end of year $1,399,758

  • 28 · Net assets with donor restrictions

    beginning of year $19,343 · end of year $29,627

Mission and programs · 2023

Mission

TO PROMOTE THE GOODWILL AND GROWTH OF THE GAME OF GOLF THROUGH EDUCATION, INSTRUCTION, SCHOLARSHIPS, AND OTHER PLAYER DEVELOPMENT INITIATIVES WITH A FOCUS ON JUNIOR GOLFERS, VETERENS AND THOSE WHO ARE UNDERSERVED BY THE GAME.

Activities or mission (Part I)

SEE SCHEDULE O.

  • METROPOLIAN SECTION PGA FOUNDATION, INC HELD A NUMBER OF EVENTS FOCUSING ON JUNIORS AND VETERANS. GIVING THEM ACCESS TO TOURNAMENTS, CLINICS AND PROGRAMS THAT DEVELOP AND PROMOTE INTEREST IN THE GAME OF GOLF OR UTILIZING GOLF AS A REHABILITATION TOOL TO IMPROVE THEIR QUALITY OF LIFE BY ENHANCING THEIR MENTAL, SOCIAL, PHYSICAL AND EMOTIONAL WELL BEING.

    Expenses $1,221,037 · Grants $104,800 · Revenue $838,111

As filed on the 2023 return.

Listed in Part VII

  • AUGIE HOERRNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES ROBSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • DAVE SCIALABBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN DWYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN CROWELL

    BOARD MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS KENNEY

    HONORARY PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • STUART WAACK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • HEATH WASSEM

    BOARD MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE SWEENEY

    FOUNDATION CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL GLUT

    PGA HOPE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • RICH JONES

    FOUNDATION CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • THERON HARVEY

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF VOORHEIS

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    25

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202403069349300015

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