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Nonprofiteer
← CAROL S PETREA YOUTH GOLF FOUNDATION INC

Form 990 for tax year 2023

Filed by CAROL S PETREA YOUTH GOLF FOUNDATION INC.

Totals

Total revenue
$604,196
Total expenses
$640,781
Contributions and grants received
$451,431
Grants paid
$0
Program service revenue
$64,483
Investment income
$2,281
Other revenue
$86,001
Total assets, end of year
$2,191,378
Total liabilities, end of year
$153,425
Net assets or fund balances, end of year
$2,037,953
Program services expenses (Part IX)
$305,998
Management and general expenses
$293,464
Fundraising expenses
$41,319
Program service expenses (Part III)
$305,998

Program services were 47.8% 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

    $95,270

  • 1e · Government grants (contributions)

    $101,004

  • 1f · All other contributions, gifts and grants

    $255,157

  • 1g · Noncash contributions included above

    $101,590

  • 2a · Program service revenue: YOUTH INSTRUCTION

    total $61,673 · related or exempt $61,673

  • 2b · Program service revenue: 403.006 OTHER FEES

    total $2,810 · related or exempt $2,810

  • 3 · Investment income

    total $2,281 · related or exempt $2,281

  • 8a · Fundraising events: gross income

    $169,422

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

    $95,270

  • 8b · Fundraising events: direct expenses

    $140,490

  • 8c · Net income from fundraising events

    total $28,932 · excluded $28,932

  • 9a · Gaming: gross income

    $71,855

  • 9b · Gaming: direct expenses

    $14,786

  • 9c · Net income from gaming

    total $57,069 · excluded $57,069

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $324,205 · program services $166,025 · management and general $133,470 · fundraising $24,710

  • 10 · Payroll taxes

    total $25,664 · program services $16,252 · management and general $7,892 · fundraising $1,520

  • 11c · Fees: accounting

    total $4,737 · program services $1,333 · management and general $3,404

  • 11g · Fees: other

    total $29,629 · program services $8,330 · management and general $18,924 · fundraising $2,375

  • 12 · Advertising and promotion

    total $7,452 · program services $7,452

  • 13 · Office expenses

    total $23,872 · program services $19,856 · management and general $4,016

  • 14 · Information technology

    total $22,341 · program services $22,341

  • 16 · Occupancy

    total $65,326 · program services $10,040 · management and general $45,911 · fundraising $9,375

  • 17 · Travel

    total $29,002 · program services $27,667 · management and general $1,335

  • 19 · Conferences, conventions and meetings

    total $321 · management and general $321

  • 20 · Interest

    total $6,306 · management and general $6,306

  • 22 · Depreciation, depletion and amortization

    total $45,190 · program services $25,281 · management and general $19,570 · fundraising $339

  • 23 · Insurance

    total $28,644 · management and general $28,644

  • 24a · Other expenses: 700.016 EQUIPMENT

    total $16,114 · management and general $16,114

  • 24b · Other expenses: 600.0349 OTHER FUNDRAISIN

    total $3,000 · fundraising $3,000

  • 24c · Other expenses: 500.021 DUES & SUB. - OTH

    total $2,438 · management and general $2,438

  • 24d · Other expenses: 700.012 PRO-SHOP MAINT.

    total $2,004 · management and general $2,004

  • 24e · All other expenses

    total $4,536 · program services $1,421 · management and general $3,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,789 · end of year $51,130

  • 2 · Savings and temporary cash investments

    beginning of year $77,242 · end of year $25,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,764 · end of year $5,979

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

    $2,561,098

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

    $452,542

  • 10c · Land, buildings and equipment, net

    beginning of year $2,152,521 · end of year $2,108,556

  • 14 · Intangible assets

    beginning of year $571 · end of year $167

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,711 · end of year $34,057

  • 25 · Other liabilities

    beginning of year $143,459 · end of year $119,368

  • 27 · Net assets without donor restrictions

    beginning of year $1,317,010 · end of year $1,307,390

  • 28 · Net assets with donor restrictions

    beginning of year $756,707 · end of year $730,563

Mission and programs · 2023

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 $206,114

  • 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 $99,884

As filed on the 2023 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

    BOARD MEMBER

    Total calculated
    $0

  • Keila Keadle

    TREASURER

    Total calculated
    $0

  • Mike Kothe

    BOARD MEMBER

    Total calculated
    $0

  • Charlie Deigert

    BOARD MEMBER

    Total calculated
    $0

  • Rebecca Albin Gibson

    BOARD CHAIR

    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
2023
Filed
10 October 2025
IRS schema version
2023v6.0
Source object
202532839349301118

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