Form 990 for tax year 2023

1f · All other contributions, gifts and grants

$1,387,591

1g · Noncash contributions included above

$35,230

2a · Program service revenue: TOURNAMENTS

total $311,580 · related or exempt $311,580

2b · Program service revenue: FIRST TEE

total $60,280 · related or exempt $60,280

3 · Investment income

total $49,828 · excluded $49,828

7a · Gross sales of assets other than inventory

securities $143,563

7b · Less cost or other basis and sales expenses

securities $64,495

7c · Gain or loss

securities $79,068

7d · Net gain or loss

total $79,068 · excluded $79,068

5 · Compensation of officers, directors and key employees

total $174,311 · program services $1,286 · management and general $173,025

7 · Other salaries and wages

total $188,400 · program services $1,391 · management and general $187,009

9 · Other employee benefits

total $27,766 · program services $206 · management and general $27,560

10 · Payroll taxes

total $40,529 · program services $299 · management and general $40,230

11f · Fees: investment management

total $11,221 · management and general $11,221

11g · Fees: other

total $25,960 · management and general $10,960 · fundraising $15,000

12 · Advertising and promotion

total $86,815 · program services $81,434 · management and general $3,324 · fundraising $2,057

13 · Office expenses

total $7,284 · program services $378 · management and general $6,906

14 · Information technology

total $17,739 · program services $1,470 · management and general $14,843 · fundraising $1,426

16 · Occupancy

total $8,696 · management and general $8,696

17 · Travel

total $10,871 · program services $3,964 · management and general $4,810 · fundraising $2,097

19 · Conferences, conventions and meetings

total $12,103 · program services $1,801 · management and general $2,939 · fundraising $7,363

22 · Depreciation, depletion and amortization

total $11,309 · management and general $11,309

23 · Insurance

total $11,658 · management and general $11,658

24a · Other expenses: TOURNAMENT EXPENSE

total $1,038,187 · program services $1,038,187

24b · Other expenses: SPONSORSHIPS

total $29,036 · fundraising $29,036

24c · Other expenses: DONATIONS

total $25,000 · program services $25,000

24d · Other expenses: FUNDRAISING

total $20,868 · fundraising $20,868

24e · All other expenses

total $18,885 · program services $13,676 · management and general $4,679 · fundraising $530

1 · Cash, non-interest-bearing

beginning of year $54,029 · end of year $781,597

2 · Savings and temporary cash investments

beginning of year $2,216,445 · end of year $36,179

4 · Accounts receivable

beginning of year $297,363 · end of year $105,733

9 · Prepaid expenses and deferred charges

beginning of year $33,268 · end of year $6,793

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

$286,320

10b · Land, buildings and equipment: accumulated depreciation

$216,577

10c · Land, buildings and equipment, net

beginning of year $74,484 · end of year $69,743

11 · Investments: publicly traded securities

beginning of year $1,410,361 · end of year $1,586,657

14 · Intangible assets

beginning of year $110,108 · end of year $110,108

17 · Accounts payable and accrued expenses

beginning of year $34,101 · end of year $2,821

19 · Deferred revenue

beginning of year $2,315,431 · end of year $670,577

27 · Net assets without donor restrictions

beginning of year $262,164 · end of year $266,198

28 · Net assets with donor restrictions

beginning of year $1,584,362 · end of year $1,757,214