Totals
- Total revenue
- $75,000
- Total expenses
- $102,380
- Contributions and grants received
- $75,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $48,713
- Total liabilities, end of year
- $577,685
- Net assets or fund balances, end of year
- -$528,972
- Program services expenses (Part IX)
- $102,380
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $102,380
Program services were 100.0% 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
$75,000
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $58,789 · program services $58,789
-
8 · Pension plan contributions
total $1,643 · program services $1,643
-
9 · Other employee benefits
total $5,220 · program services $5,220
-
10 · Payroll taxes
total $4,281 · program services $4,281
-
11g · Fees: other
total $30,285 · program services $30,285
-
12 · Advertising and promotion
total $33 · program services $33
-
13 · Office expenses
total $864 · program services $864
-
17 · Travel
total $1,265 · program services $1,265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $47,994
-
15 · Other assets
beginning of year $0 · end of year $719
-
17 · Accounts payable and accrued expenses
end of year $5,945
-
25 · Other liabilities
beginning of year $501,592 · end of year $571,740
-
27 · Net assets without donor restrictions
beginning of year -$501,592 · end of year -$528,972
Mission and programs · 2023
Mission
To provide educational programs and services for the golf community. To implement & develop programs for the evaluation and testing of golf methods.
Activities or mission (Part I)
To provide educational programs and services for the golf community. (Continues on Schedule O) To implement & develop programs for the evaluation and testing of golf methods.
-
Developmental stage of educational program.
Expenses $102,380
As filed on the 2023 return.
Listed in Part VII
-
John K Solheim
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Tim Schantz
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Brad Hamilton
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Joe Assell
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Anne Broholm
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Mike McCarley
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Annika Sorenstam
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Dick Sullivan
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Joseph Beditz
CEO
- Total calculated
- $531,280
- From this org
- $0
- From related orgs
- $517,803
- Other
- $13,477
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $329,962 related
- Bonus
- $0 + $187,841 related
- Other
- $0
- Deferred
- $0 + $6,930 related
- Nontaxable benefits
- $0 + $6,547 related
- Filer's total
- $0 + $531,280 related
-
Kim Isom
Chief Financial Officer/Asst. Secretary
- Total calculated
- $120,394
- From this org
- $0
- From related orgs
- $112,955
- Other
- $7,439
- Hours/week
- 2 + 38 related
-
Gregory Nathan
President & COO
- Total calculated
- $254,009
- From this org
- $0
- From related orgs
- $237,158
- Other
- $16,851
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $191,643 related
- Bonus
- $0 + $45,515 related
- Other
- $0
- Deferred
- $0 + $6,404 related
- Nontaxable benefits
- $0 + $10,447 related
- Filer's total
- $0 + $254,009 related
-
David Lorentz
Chief Research Officer
- Total calculated
- $166,023
- From this org
- $0
- From related orgs
- $163,444
- Other
- $2,579
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $136,664 related
- Bonus
- $0 + $26,780 related
- Other
- $0
- Deferred
- $0 + $1,344 related
- Nontaxable benefits
- $0 + $1,235 related
- Filer's total
- $0 + $166,023 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
- 1a · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
Answered no
- 1b · Written policy on the line-1a expenses
- 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
- Related organization officer compensation determination methods: 1. Compensation committee. 2. Written employment contract. 3. Compensation survey or study. 4. Approval by the board or compensation committee.
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
No itemized grants to organizations 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.
-
501(C)(6) · To foster the growth and vitality of the game and business of golf. · IL · controlled entity
Directly controlled by National Golf Foundation Inc
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.
-
National Golf Foundation Consulting Inc
C · Golf Business Research, Information & Consulting. · DE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349304505
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