Totals
- Total revenue
- $2,361,676
- Total expenses
- $2,310,836
- Contributions and grants received
- $1,173,250
- Grants paid
- $151,000
- Program service revenue
- $1,188,373
- Investment income
- $53
- Other revenue
- $0
- Total assets, end of year
- $338,842
- Total liabilities, end of year
- $889,860
- Net assets or fund balances, end of year
- -$551,018
- Program services expenses (Part IX)
- $2,297,082
- Management and general expenses
- $13,754
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,297,082
Program services were 99.4% 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
$1,173,250
-
2a · Program service revenue: TOURNAMENT SPONSORSHIP
total $849,573 · related or exempt $849,573
-
2b · Program service revenue: PRO AM INCOME
total $244,800 · related or exempt $244,800
-
2c · Program service revenue: INSIDER'S CLUB INCOME
total $94,000 · related or exempt $94,000
-
3 · Investment income
total $53 · unrelated business $53
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $151,000 · program services $151,000
-
11g · Fees: other
total $280,408 · program services $280,408
-
12 · Advertising and promotion
total $39,680 · program services $39,680
-
13 · Office expenses
total $7,856 · management and general $7,856
-
17 · Travel
total $771 · management and general $771
-
23 · Insurance
total $12,634 · program services $12,634
-
24a · Other expenses: PGA TOUR EXPENSES
total $1,072,049 · program services $1,072,049
-
24b · Other expenses: TOURNAMENT FOOD/SUPPLIE
total $367,681 · program services $367,681
-
24c · Other expenses: PRO-AM EXPENSE
total $183,250 · program services $183,250
-
24d · Other expenses: TOURNAMENT HOSPITALITY
total $136,677 · program services $136,677
-
24e · All other expenses
total $58,830 · program services $53,703 · management and general $5,127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $336,869 · end of year $303,342
-
4 · Accounts receivable
beginning of year $24,407 · end of year $35,500
-
17 · Accounts payable and accrued expenses
beginning of year $228,550 · end of year $153,360
-
19 · Deferred revenue
beginning of year $53,084 · end of year $55,000
-
24 · Unsecured notes and loans payable
beginning of year $681,500 · end of year $681,500
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$601,858 · end of year -$551,018
Mission and programs · 2023
Mission
TO HELP ENHANCE SOUTHWESTERN INDIANA'S CULTURE, IMAGE, ECONOMY & QUALITY OF LIFE THROUGH THE ATTRACTION, PROMOTION AND DEVELOPMENT OF FAMILY ORIENTED AND NATIONAL SPORTING EVENTS.
Activities or mission (Part I)
TO HELP ENHANCE SOUTHWESTERN INDIANA'S CULTURE, IMAGE, ECONOMY & QUALITY OF LIFE THROUGH THE ATTRACTION, PROMOTION, AND DEVELOPMENT OF FAMILY ORIENTED AND NATIONAL SPORTING EVENTS.
-
TOURNAMENT SPONSORSHIPS
Expenses $2,026,419 · Grants $76,000 · Revenue $849,573
-
PRO AM
Expenses $183,250 · Revenue $244,800
-
INSIDER'S CLUB
Expenses $87,413 · Grants $75,000 · Revenue $94,000
As filed on the 2023 return.
Listed in Part VII
-
JACK PATE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
RON ROMAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BOB JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE WOODS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
DOUG PETITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
EVAN BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID KOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAROL MCCLINTOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETE PARADOSSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS SALMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHASE WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATT FOLZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LINDA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD LEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVE ROELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIM RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN LAMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
$150,000
TO SUPPORT NONPROFIT IN THEIR EFFORTS TO IMPROVE ACCESSIBILITY, AFFORDABILITY, AND QUALITY OF CHILD CARE.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423139349300212
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