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← COLORADO PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2023

Filed by COLORADO PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$1,650,757
Total expenses
$1,620,420
Contributions and grants received
$606,672
Grants paid
$187,213
Program service revenue
$1,012,743
Investment income
$1,719
Other revenue
$29,623
Total assets, end of year
$435,144
Total liabilities, end of year
$169,283
Net assets or fund balances, end of year
$265,861
Program services expenses (Part IX)
$1,424,025
Management and general expenses
$153,894
Fundraising expenses
$42,501
Program service expenses (Part III)
$1,424,025

Program services were 87.9% 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

    $130,467

  • 1f · All other contributions, gifts and grants

    $476,205

  • 1g · Noncash contributions included above

    $27,689

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $843,491 · related or exempt $843,491

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $73,889 · related or exempt $73,889

  • 2c · Program service revenue: SPONSORSHIP REVENUE

    total $65,021 · excluded $65,021

  • 2d · Program service revenue: MANAGEMENT FEE REVENUE

    total $24,000 · related or exempt $24,000

  • 2e · Program service revenue: EDUCATION AND MEETING

    total $3,745 · related or exempt $3,745

  • 2f · All other program service revenue

    total $2,597 · related or exempt $2,597

  • 3 · Investment income

    total $1,091 · excluded $1,091

  • 7a · Gross sales of assets other than inventory

    securities $628

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

    securities $0

  • 7c · Gain or loss

    securities $628

  • 7d · Net gain or loss

    total $628 · excluded $628

  • 8a · Fundraising events: gross income

    $109,406

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

    $130,467

  • 8b · Fundraising events: direct expenses

    $79,783

  • 8c · Net income from fundraising events

    total $29,623 · excluded $29,623

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,213 · program services $166,213

  • 2 · Grants to domestic individuals

    total $21,000 · program services $21,000

  • 11a · Fees: management

    total $15 · program services $12 · management and general $3

  • 11f · Fees: investment management

    total $495 · program services $495

  • 11g · Fees: other

    total $175,263 · program services $138,970 · fundraising $36,293

  • 12 · Advertising and promotion

    total $3,313 · program services $3,313

  • 13 · Office expenses

    total $39,224 · program services $29,418 · management and general $9,806

  • 17 · Travel

    total $31,952 · program services $31,952

  • 20 · Interest

    total $1,175 · management and general $1,175

  • 21 · Payments to affiliates

    total $571,640 · program services $428,730 · management and general $142,910

  • 22 · Depreciation, depletion and amortization

    total $15,653 · program services $15,653

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $368,315 · program services $368,315

  • 24b · Other expenses: TOURNAMENT PRIZES

    total $116,327 · program services $116,327

  • 24c · Other expenses: PROCESSING FEES

    total $62,081 · program services $55,873 · fundraising $6,208

  • 24d · Other expenses: FOOD AND BEVERAGE

    total $32,882 · program services $32,882

  • 24e · All other expenses

    total $14,872 · program services $14,872

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,386 · end of year $281,891

  • 2 · Savings and temporary cash investments

    beginning of year $1,329 · end of year $1,331

  • 4 · Accounts receivable

    beginning of year $30,815 · end of year $20,945

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

    $106,048

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

    $30,376

  • 10c · Land, buildings and equipment, net

    beginning of year $21,827 · end of year $75,672

  • 11 · Investments: publicly traded securities

    beginning of year $47,925 · end of year $55,305

  • 15 · Other assets

    beginning of year $54,475 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,669 · end of year $125,333

  • 19 · Deferred revenue

    beginning of year $8,721 · end of year $2,410

  • 23 · Secured mortgages and notes payable

    end of year $26,049

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,491

  • 27 · Net assets without donor restrictions

    beginning of year $215,392 · end of year $251,463

  • 28 · Net assets with donor restrictions

    beginning of year $13,975 · end of year $14,398

Mission and programs · 2023

Mission

THIS ORGANIZATION GIVES OUT EDUCATIONAL SCHOLARSHIPS, MAKES CASH DONATIONS TO OTHER 501(C)(3) ORGANIZATIONS, AND PROMOTES GOLF TO YOUTH BY CONTRIBUTING TO JUNIOR GOLF PROGRAMS THROUGHOUT COLORADO.

  • THE PROGRAM PROVIDES GOLF EDUCATION SCHOLARSHIPS TO STUDENTS, MAKES CASH DONATIONS TO OTHER 501(C)(3)ORGANIZATIONS AND PROMOTES JUNIOR GOLF IN THE COLORADO SECTION.

    Expenses $1,424,025 · Grants $187,213 · Revenue $947,722

As filed on the 2023 return.

Listed in Part VII

  • Michael O'Donnell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jim Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jim Hajeck

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cathy Matthews-Kane

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ed Mate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Milstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Hyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Pfingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Walter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ty Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Bartkowski

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

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
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202422899349301982

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