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Nonprofiteer
← COLORADO GOLF FOUNDATION

Form 990 for tax year 2022

Filed by COLORADO GOLF FOUNDATION.

Totals

Total revenue
$442,368
Total expenses
$496,125
Contributions and grants received
$389,451
Grants paid
$472,540
Program service revenue
$0
Investment income
$52,917
Other revenue
$0
Total assets, end of year
$3,039,653
Total liabilities, end of year
$25,000
Net assets or fund balances, end of year
$3,014,653
Program services expenses (Part IX)
$472,540
Management and general expenses
$23,585
Fundraising expenses
$0
Program service expenses (Part III)
$472,540

Program services were 95.2% 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

    $16,148

  • 1f · All other contributions, gifts and grants

    $373,303

  • 1g · Noncash contributions included above

    $1,051

  • 3 · Investment income

    total $52,917 · excluded $52,917

  • 8a · Fundraising events: gross income

    $48,582

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

    $16,148

  • 8b · Fundraising events: direct expenses

    $48,582

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $472,540 · program services $472,540

  • 11a · Fees: management

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $7,700 · management and general $7,700

  • 23 · Insurance

    total $789 · management and general $789

  • 24a · Other expenses: SUPPLIES

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,793 · end of year $102,118

  • 2 · Savings and temporary cash investments

    beginning of year $367,631 · end of year $368,661

  • 3 · Pledges and grants receivable

    beginning of year $225,000 · end of year $150,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,911,810 · end of year $2,418,874

  • 18 · Grants payable

    beginning of year $25,000 · end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,101,901 · end of year $2,583,741

  • 28 · Net assets with donor restrictions

    beginning of year $493,333 · end of year $430,912

Mission and programs · 2022

Mission

TO PROVIDE FUNDING FOR COLORADO-BASED GOLF ORGANIZATIONS AND PROGRAMS THAT USE GOLF TO BUILD IMPORTANT LIFE SKILLS AND CHARACTER, WITH AN EMPHASIS ON INSTILLING HARD WORK AND SELF-RELIANCE IN YOUNG PEOPLE.

  • CADDIE PROGRAMS: THE FOUNDATION BELIEVES THAT CADDYING INSTILLS THE LIFE SKILLS AND QUALITY OF CHARACTER THAT BUILD SELF-RELIANCE IN YOUNG PEOPLE. THE FOUNDATION IS ACHIEVING THIS THROUGH ITS SUPPORT OF VARIOUS CADDIE PROGRAMS SUPPORTED BY THE COLORADO GOLF ASSOCIATION, INCLUDING, AMONG OTHERS, THE SOLICH CADDIE & LEADERSHIP ACADEMY, THE BROADMOOR CADDIE & LEADERSHIP ACADEMY, AND THE ANNUAL CGA CADDIE SUMMIT.

    Expenses $344,592 · Grants $344,592

  • YOUTH/PLAYER DEVELOPMENT: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS THAT DEVELOP FUTURE GENERATIONS OF GOLFERS INCLUDING THE COLORADO GOLF ASSOCIATION AND THE PGA SECTION OF COLORADO - PGA REACH.

    Expenses $77,148 · Grants $77,148

  • COMMUNITY PARTNERSHIPS: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS WHO WISH TO INTRODUCE GOLF TO THOSE WHO MAY NOT OTHERWISE HAVE AN OPPORTUNITY TO EXPERIENCE ALL THIS GREAT GAME HAS TO OFFER. THROUGH COMMUNITY PARTNERSHIPS THE FOUNDATION CREATES AN ENVIRONMENT WHERE KIDS HAVE FUN WHILE DEVELOPING SKILLS THAT BUILD SELF-ESTEEM AND REINFORCE IDEALS LIKE HONESTY AND FAIR PLAY. THE FOUNDATION SUPPORTED GRANTS TO VARIOUS FIRST TEE CHAPTERS, PIKES PEAK GOLF LINKS, AND OTHER SIMILAR ORGANIZATIONS.

    Expenses $50,800 · Grants $50,800

As filed on the 2022 return.

Listed in Part VII

  • Phil Lane

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jim Bunch

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Will Nicholson III

    TREASURER/VI

    Total calculated
    $0
    Hours/week
    1

  • Keith Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Duffy Solich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christie Austin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janene Guzowski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Norton Rainey

    BOARD MEMBER

    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

Provenance

Return type
form_990
Tax year
2022
Filed
20 April 2023
IRS schema version
2022v5.0
Source object
202321109349301627

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