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Nonprofiteer
← KENTUCKY GOLF FOUNDATION

Form 990 for tax year 2022

Filed by KENTUCKY GOLF FOUNDATION.

Totals

Total revenue
$681,587
Total expenses
$648,200
Contributions and grants received
$318,499
Grants paid
$17,150
Program service revenue
$350,833
Investment income
$0
Other revenue
$12,255
Total assets, end of year
$1,408,607
Total liabilities, end of year
$74,792
Net assets or fund balances, end of year
$1,333,815
Program services expenses (Part IX)
$610,894
Management and general expenses
$33,888
Fundraising expenses
$3,418
Program service expenses (Part III)
$610,894

Program services were 94.2% 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.

  • 1b · Membership dues

    $18,212

  • 1c · Fundraising events

    $77,100

  • 1f · All other contributions, gifts and grants

    $223,187

  • 2a · Program service revenue: TOURNAMENT SERVICES

    total $295,493 · related or exempt $295,493

  • 2b · Program service revenue: BUILDING SUPPORT

    total $43,200 · related or exempt $43,200

  • 2c · Program service revenue: HALL OF FAME

    total $12,140 · related or exempt $12,140

  • 8a · Fundraising events: gross income

    $110,429

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

    $77,100

  • 8b · Fundraising events: direct expenses

    $98,174

  • 8c · Net income from fundraising events

    total $12,255 · excluded $12,255

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,150 · program services $6,150

  • 2 · Grants to domestic individuals

    total $11,000 · program services $11,000

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 12 · Advertising and promotion

    total $1,504 · program services $462 · fundraising $1,042

  • 13 · Office expenses

    total $2,000 · management and general $2,000

  • 14 · Information technology

    total $1,074 · program services $1,074

  • 16 · Occupancy

    total $33,695 · program services $33,695

  • 19 · Conferences, conventions and meetings

    total $114 · program services $114

  • 22 · Depreciation, depletion and amortization

    total $35,184 · program services $35,184

  • 23 · Insurance

    total $6,500 · program services $6,500

  • 24a · Other expenses: JUNIOR GOLF EXPENSES

    total $290,545 · program services $290,545

  • 24b · Other expenses: YOUTH ON COURSE EXPENSE

    total $114,304 · program services $114,304

  • 24c · Other expenses: PGA HOPE PROGRAM

    total $50,872 · program services $50,872

  • 24d · Other expenses: HALL OF FAME EXPENSE

    total $38,855 · program services $38,855

  • 24e · All other expenses

    total $53,253 · program services $22,139 · management and general $28,738 · fundraising $2,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $455,068 · end of year $558,215

  • 4 · Accounts receivable

    beginning of year $14,741 · end of year $14,112

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,508

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

    $1,571,041

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

    $734,761

  • 10c · Land, buildings and equipment, net

    beginning of year $871,464 · end of year $836,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,532 · end of year $28,719

  • 25 · Other liabilities

    beginning of year $15,821 · end of year $46,073

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,300,428 · end of year $1,333,815

Mission and programs · 2022

Mission

THROUGH THE FRAMEWORK OF THE GREATEST GAME EVER PLAYED, THE KENTUCKY GOLF FOUNDATION SEEKS TO IMPACT KENTUCKY'S YOUTH, MILITARY AND THOSE OF DIVERSITY USING GOLF AS A TOOLKIT.

Activities or mission (Part I)

TO IMPACT KENTUCKY'S YOUTH, MILITARY AND THOSE OF DIVERSITY USING GOLF AS A TOOLKIT.

  • YOUTH GOLF, INCLUDING YOUTH ON COURSE AND KENTUCKY PGA JUNIOR TOUR - TO PROMOTE AND ADVANCE THE GAME OF GOLF IN KENTUCKY AND PROVIDE ACCESS TO LIFE CHANGING OPPORTUNITIES THROUGH GOLF.

    Expenses $521,167 · Grants $17,150 · Revenue $338,693

  • KENTUCKY GOLF HOUSE MUSEUM AND HALL OF FAME - TO SUPPORT THESE FACILITIES AND SERVICES TO HONOR INDIVIDUALS IN KENTUCKY WITH SIGNIFICANT ACHIEVEMENTS AND ACCOMPLISHMENTS IN VARIOUS AREAS OF GOLF.

    Expenses $38,855 · Revenue $12,140

  • PGA HOPE PROGRAM - TO PROVIDE GOLF AS A THERAPEUTIC REHABILITATION TOOL FOR ALL MILITARY VETERANS.

    Expenses $50,872

As filed on the 2022 return.

Listed in Part VII

  • PHIL ARMBRUSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHAD MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CRAIG HEIBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JIM THOMPSON

    PRESIDENT

    Total calculated
    $5,445
    From this org
    $2,640
    From related orgs
    $2,805
    Other
    $0
    Hours/week
    1 + 2 related

  • JIMMY KIRCHDORFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANNY BARON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEAN TERRY

    DIRECTOR

    Total calculated
    $3,465
    From this org
    $1,485
    From related orgs
    $1,980
    Other
    $0
    Hours/week
    1 + 2 related

  • MATT FUQUA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID RUDDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MISSY KREMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LOGAN SIMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLES WHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAN WILHELM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF ADKERSON

    EXECUTIVE DIRECTOR (PREVIOUS)

    Total calculated
    $96,698
    From this org
    $0
    From related orgs
    $92,045
    Other
    $4,653
    Hours/week
    1 + 49 related

  • SALLY MORGAN

    EXECUTIVE DIRECTOR

    Total calculated
    $105,027
    From this org
    $0
    From related orgs
    $91,835
    Other
    $13,192
    Hours/week
    1 + 49 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.

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.

  • KGA-PGA INC

    501(C)(6) · PROVIDE HANDICAP SERVICES TO KY GOLF CLUBS AND ORGANIZE GOLF TOURNMENTS · KY

  • KENTUCKY GOLF ASSOCIATION

    501(C)(3) · ORGANIZE AND CONDUCT VARIOUS STATE AMATEUR GOLF TOURNAMENTS · KY · controlled entity

    Directly controlled by KGA-PGA INC

  • KENTUCKY SECTION PGA

    501(C)(6) · CONDUCT EDUCATION SEMINARS AND GOLF TOURNAMENTS FOR ITS MEMBERS · KY · controlled entity

    Directly controlled by KGA-PGA INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349302950

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