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Nonprofiteer
← CAROL S PETREA YOUTH GOLF FOUNDATION INC

Form 990 for tax year 2022

Filed by CAROL S PETREA YOUTH GOLF FOUNDATION INC.

Totals

Total revenue
$440,137
Total expenses
$545,872
Contributions and grants received
$377,873
Grants paid
$0
Program service revenue
$55,641
Investment income
$319
Other revenue
$6,304
Total assets, end of year
$2,255,887
Total liabilities, end of year
$182,170
Net assets or fund balances, end of year
$2,073,717
Program services expenses (Part IX)
$216,096
Management and general expenses
$245,620
Fundraising expenses
$84,156
Program service expenses (Part III)
$216,096

Program services were 39.6% 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

    $86,951

  • 1f · All other contributions, gifts and grants

    $290,922

  • 1g · Noncash contributions included above

    $113,981

  • 2a · Program service revenue: YOUTH INSTRUCTION

    total $54,341 · related or exempt $54,341

  • 2b · Program service revenue: OTHER FEES

    total $1,300 · related or exempt $1,300

  • 3 · Investment income

    total $319 · related or exempt $319

  • 8a · Fundraising events: gross income

    $120,359

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

    $86,951

  • 8b · Fundraising events: direct expenses

    $114,055

  • 8c · Net income from fundraising events

    total $6,304 · excluded $6,304

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $283,306 · program services $113,322 · management and general $99,157 · fundraising $70,827

  • 10 · Payroll taxes

    total $22,376 · program services $8,669 · management and general $8,289 · fundraising $5,418

  • 11c · Fees: accounting

    total $3,633 · program services $1,642 · management and general $1,170 · fundraising $821

  • 11g · Fees: other

    total $43,390 · program services $25,068 · management and general $18,322

  • 12 · Advertising and promotion

    total $2,274 · program services $2,274

  • 13 · Office expenses

    total $7,502 · program services $504 · management and general $6,998

  • 14 · Information technology

    total $18,006 · program services $18,006

  • 16 · Occupancy

    total $42,776 · program services $4,463 · management and general $34,563 · fundraising $3,750

  • 17 · Travel

    total $16,691 · program services $12,805 · management and general $3,886

  • 20 · Interest

    total $7,228 · management and general $7,228

  • 22 · Depreciation, depletion and amortization

    total $50,060 · program services $29,138 · management and general $20,583 · fundraising $339

  • 23 · Insurance

    total $26,301 · management and general $26,301

  • 24a · Other expenses: 700.016 EQUIPMENT

    total $7,830 · management and general $7,830

  • 24b · Other expenses: 500.029 OTHER EXPENSES

    total $4,783 · management and general $4,783

  • 24c · Other expenses: 600.0349 OTHER FUNDRAISIN

    total $3,001 · fundraising $3,001

  • 24d · Other expenses: 500.020 HOME OFFICE MEETI

    total $1,500 · management and general $1,500

  • 24e · All other expenses

    total $5,215 · program services $205 · management and general $5,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,367 · end of year $18,789

  • 2 · Savings and temporary cash investments

    beginning of year $131,997 · end of year $77,242

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,666 · end of year $6,764

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

    $2,561,098

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

    $408,577

  • 10c · Land, buildings and equipment, net

    beginning of year $2,137,810 · end of year $2,152,521

  • 14 · Intangible assets

    beginning of year $975 · end of year $571

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,565 · end of year $38,711

  • 25 · Other liabilities

    beginning of year $165,732 · end of year $143,459

  • 27 · Net assets without donor restrictions

    beginning of year $1,366,848 · end of year $1,317,010

  • 28 · Net assets with donor restrictions

    beginning of year $806,670 · end of year $756,707

Mission and programs · 2022

Mission

PROVIDE GOLF EDUCATION AND CHARACTER MENTORING PROGRAMS TO CHILDREN IN SOUTHEASTERN NORTH CAROLINA AND NORTHEASTERN SOUTH CAROLINA THROUGH IN- SCHOOL, AFTER-SCHOOL, SATURDAY SUMMER PROGRAMS, AND VARIOUS COMPETITIVE PLAYING OPPORTUNITIES.

  • PROVIDE INSTRUCTION AND MENTORING TO YOUTH AT GOLF COURSE LOCATIONS FROM THE GRAND STRAND OF SC TO THE CRYSTAL COAST OF NC.

    Expenses $144,246

  • THE ORGANIZATION OPERATES THE CAROLINAS LEADERSHIP ADVENTURE OFFERING A DAY-CAMP LEARNING EXPERIENCE BASED ON CHARACTER DEVELOPMENT, CORE VALUES, LIFE SKILLS, LEADERSHIP AND CITIZENSHIP.

    Expenses $71,850

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Hoover

    BOARD MEMBER

    Total calculated
    $0

  • Russ Yarrow

    VICE CHAIR

    Total calculated
    $0

  • Tom Plankers

    BOARD MEMBER

    Total calculated
    $0

  • Jim Belvin

    BOARD MEMBER

    Total calculated
    $0

  • Terry Boldt

    CHAIR

    Total calculated
    $0

  • Charles Lusk

    TREASURER

    Total calculated
    $0

  • Mike Kothe

    BOARD MEMBER

    Total calculated
    $0

  • Charlie Deigert

    BOARD MEMBER

    Total calculated
    $0

  • Rebecca Albin Gibson

    SECRETARY

    Total calculated
    $0

  • Bill Golden

    DIRECTOR

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349305384

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