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Nonprofiteer
← GCSAA FOUNDATION

Form 990 for tax year 2023

Filed by GCSAA FOUNDATION.

Totals

Total revenue
$1,675,121
Total expenses
$1,747,565
Contributions and grants received
$773,896
Grants paid
$1,460,707
Program service revenue
$0
Investment income
$615,608
Other revenue
$285,617
Total assets, end of year
$12,402,177
Total liabilities, end of year
$385,615
Net assets or fund balances, end of year
$12,016,562
Program services expenses (Part IX)
$1,513,114
Management and general expenses
$83,811
Fundraising expenses
$150,640
Program service expenses (Part III)
$1,513,114

Program services were 86.6% 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.

  • 1d · Related organizations

    $50,000

  • 1f · All other contributions, gifts and grants

    $723,896

  • 1g · Noncash contributions included above

    $717,317

  • 3 · Investment income

    total $278,186 · excluded $278,186

  • 7a · Gross sales of assets other than inventory

    securities $2,820,450

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

    securities $2,483,028

  • 7c · Gain or loss

    securities $337,422

  • 7d · Net gain or loss

    total $337,422 · excluded $337,422

  • 8a · Fundraising events: gross income

    $810,247

  • 8b · Fundraising events: direct expenses

    $524,630

  • 8c · Net income from fundraising events

    total $285,617 · excluded $285,617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,134,500 · program services $1,134,500

  • 2 · Grants to domestic individuals

    total $303,375 · program services $303,375

  • 3 · Grants to foreign organizations and individuals

    total $22,832 · program services $22,832

  • 11c · Fees: accounting

    total $20,844 · fundraising $20,844

  • 11f · Fees: investment management

    total $23,134 · management and general $23,134

  • 11g · Fees: other

    total $187,706 · program services $46,926 · management and general $46,927 · fundraising $93,853

  • 12 · Advertising and promotion

    total $24,983 · fundraising $24,983

  • 13 · Office expenses

    total $1,473 · program services $368 · management and general $368 · fundraising $737

  • 17 · Travel

    total $9,835 · program services $2,459 · management and general $2,459 · fundraising $4,917

  • 19 · Conferences, conventions and meetings

    total $4,527 · program services $1,132 · management and general $1,132 · fundraising $2,263

  • 20 · Interest

    total $8,270 · management and general $8,270

  • 23 · Insurance

    total $4,802 · program services $1,201 · management and general $1,200 · fundraising $2,401

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $924 · program services $231 · management and general $231 · fundraising $462

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $360 · program services $90 · management and general $90 · fundraising $180

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,794 · end of year $13,413

  • 3 · Pledges and grants receivable

    beginning of year $468,980 · end of year $479,253

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,361 · end of year $60,287

  • 11 · Investments: publicly traded securities

    beginning of year $11,133,962 · end of year $11,849,224

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,304 · end of year $139,853

  • 19 · Deferred revenue

    beginning of year $8,220 · end of year $55,000

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 25 · Other liabilities

    beginning of year $112,355 · end of year $190,762

  • 27 · Net assets without donor restrictions

    beginning of year $10,492,779 · end of year $11,706,950

  • 28 · Net assets with donor restrictions

    beginning of year $441,439 · end of year $309,612

Mission and programs · 2023

Mission

SECURE FUNDING AND SUPPORT TO STRENGTHEN ADVOCACY, EDUCATION, AND RESEARCH THAT ADVANCES THE WORK OF GOLF COURSE MANAGEMENT PROFESSIONALS.

Activities or mission (Part I)

THE GCSAA FOUNDATION SECURES FUNDING AND SUPPORT TO STRENGTHEN ADVOCACY, EDUCATION, AND RESEARCH THAT ADVANCES THE WORK OF GOLF COURSE MANAGEMENT PROFESSIONALS.

  • PROVIDE GRANTS FOR THE PURPOSE OF THE DEVELOPMENT OF NEW CONTINUING EDUCATION WITH AN ENVIRONMENTAL FOCUS. SCHOLARSHIPS ARE AWARDED ANNUALLY TO STUDENTS PURSUING CAREERS IN THE GOLF COURSE INDUSTRY, FUTURE TURFGRASS RESEARCHERS AND EDUCATORS, AND CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS. ALL SCHOLARSHIPS ARE AWARDED ACCORDING TO A LIST OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, EXTRACURRICULAR AND COMMUNITY INVOLVEMENT, LEADERSHIP AND OUTSIDE EMPLOYMENT. SCHOLARSHIP APPLICATIONS ARE EVALUATED BY THE SCHOLARSHIP COMMITTEE, EXCEPT IN THE CASE OF SCHOLARSHIPS TO CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS, WHICH ARE EVALUATED BY AN INDEPENDENT COMMITTEE OF THREE EDUCATORS.

    Expenses $596,840 · Grants $570,636

  • COLLECT AND PUBLISH DATA ON EVERY ASPECT OF GOLF COURSE MANAGEMENT FROM AN ENVIRONMENTAL PERSPECTIVE THAT PROVIDES A COMPREHENSIVE ANALYSIS OF GOLF COURSE LAND USE AND ENVIRONMENTAL STEWARDSHIP EFFORTS. THE FOUNDATION GRANTS AWARDS FOR APPLIED AGRONOMIC AND ENVIRONMENTAL RESEARCH TO PROVIDE INFORMATION TO IMPROVE THE QUALITY OF GOLF COURSES, WHILE MINIMIZING THE IMPACT ON THE ENVIRONMENT.

    Expenses $453,101 · Grants $440,000

  • PROVIDES ONLINE ACCESS TO MORE THAN 190 BEST MANAGEMENT PRACTICES, CASE STUDIES, AND ENVIRONMENTAL PROFILES. THESE PROVE THE GOLF COURSE'S IMPORTANT ROLE IN THE ENVIRONMENT & SUSTAINABILITY EFFORTS. WITH THE EVER INCREASING REGULATORY AND LEGISLATIVE PRESSURES ON LAND USE, WATER USE, ENERGY CONSUMPTION, AND NUTRIENT AND PESTICIDE USE; THIS FUNDING ALLOWS GCSAA TO BE A VOICE FOR THE SUPERINTENDENT PROFESSION AND THE GOLF INDUSTRY BY TELLING GOLF'S STORY ON A NATIONAL LEVEL. THESE STORIES HIGHLIGHT THE KEY ECONOMIC, ENVIRONMENTAL AND SOCIAL/RECREATIONAL BENEFITS OF GOLF.

    Expenses $458,101 · Grants $445,000

  • PROVIDE FINANCIAL ASSISTANCE TO GCSAA MEMBERS WHO HAVE SUFFERED PERSONAL LOSS OR HARDSHIP DUE TO NATURAL DISASTERS SUCH AS HURRICANES, TORNADOES, FLOODING OR WILDFIRES.

    Expenses $5,072 · Grants $5,072

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul L Carter Cgcs

    TRUSTEE

    Total calculated
    $6,427
    From this org
    $0
    From related orgs
    $6,427
    Other
    $0
    Hours/week
    1 + 1 related

  • Arjun Chowdri

    TRUSTEE (THRU 6/23)

    Total calculated
    $0
    Hours/week
    1

  • Paul Vermeulen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin P Breen Cgcs

    PRESIDENT

    Total calculated
    $4,201
    From this org
    $0
    From related orgs
    $4,201
    Other
    $0
    Hours/week
    3 + 3 related

  • Jeff White Cgcs

    VICE PRESIDENT

    Total calculated
    $6,066
    From this org
    $0
    From related orgs
    $6,066
    Other
    $0
    Hours/week
    1 + 1 related

  • Emily Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ta Barker Cgcs

    SECRETARY/TREASURER

    Total calculated
    $6,760
    From this org
    $0
    From related orgs
    $6,760
    Other
    $0
    Hours/week
    1 + 1 related

  • John Easterbrook

    TRUSTEE (START 12/23)

    Total calculated
    $0
    Hours/week
    1

  • J Rhett Evans

    CEO

    Total calculated
    $620,638
    From this org
    $0
    From related orgs
    $582,300
    Other
    $38,338
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,413 related
    Bonus
    $0
    Other
    $0 + $34,887 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,138 related
    Filer's total
    $0 + $620,638 related

  • Cameron Oury

    CFO

    Total calculated
    $276,965
    From this org
    $0
    From related orgs
    $249,121
    Other
    $27,844
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,086 related
    Bonus
    $0 + $2,000 related
    Other
    $0 + $21,035 related
    Deferred
    $0 + $9,977 related
    Nontaxable benefits
    $0 + $17,867 related
    Filer's total
    $0 + $276,965 related

  • Kevin P Sunderman Cgcs

    COO

    Total calculated
    $386,220
    From this org
    $0
    From related orgs
    $348,296
    Other
    $37,924
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,433 related
    Bonus
    $0 + $2,000 related
    Other
    $0 + $87,863 related
    Deferred
    $0 + $11,840 related
    Nontaxable benefits
    $0 + $26,084 related
    Filer's total
    $0 + $386,220 related

  • Edward Several

    CMO

    Total calculated
    $268,762
    From this org
    $0
    From related orgs
    $241,899
    Other
    $26,863
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,953 related
    Bonus
    $0 + $32,000 related
    Other
    $0 + $2,946 related
    Deferred
    $0 + $9,676 related
    Nontaxable benefits
    $0 + $17,187 related
    Filer's total
    $0 + $268,762 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
COMPENSATION REPORTED ON SCHEDULE J, PART II IS PAID BY GCSAA, A RELATED NOT-FOR-PROFIT ORGANIZATION. THE CEO SHARES HIS ROLE WITHIN THE FOUNDATION AND GCSAA. GCSAA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN DETERMINING THE COMPENSATION OF THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GCSAA COMMUNICATIONS INC

    C · PUBLICATIONS · KS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349309680

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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