Form 990 for tax year 2024
Filed by MARILYNN SMITH AND FOUNDERS LEGACY FOUNDATION.
Totals
- Total revenue
- $480,052
- Total expenses
- $440,336
- Contributions and grants received
- $480,052
- Grants paid
- $98,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $186,351
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $186,351
- Program services expenses (Part IX)
- $98,500
- Management and general expenses
- $33,243
- Fundraising expenses
- $308,593
- Program service expenses (Part III)
- $98,500
Program services were 22.4% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$313,649
-
1d · Related organizations
$18,644
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$147,759
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$313,649
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $98,500 · program services $98,500
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $15,000 · fundraising $15,000
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,820 · program services $0 · management and general $1,820 · fundraising $0
-
14 · Information technology
total $4,075 · program services $0 · management and general $4,075 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,726 · program services $0 · management and general $1,726 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $622 · program services $0 · management and general $622 · fundraising $0
-
24a · Other expenses: Pro Am : facility, promotional, green fees
total $290,283 · program services $0 · management and general $0 · fundraising $290,283
-
24b · Other expenses: Professional Services
total $25,000 · program services $0 · management and general $25,000 · fundraising $0
-
24c · Other expenses: Processing fees
total $3,310 · program services $0 · management and general $0 · fundraising $3,310
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $146,635 · end of year $186,351
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
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 $146,635 · end of year $186,351
Mission and programs · 2024
Mission
Today GOLF IT FORWARD is the public face of the Marilynn Smith and Founders Legacy Foundation a 501c3 organization. The foundation embodies the ingenuity drive and passion of 13 women who had the foresight to see that there was a future for women in golf and golf in the future of women. Over the past seven decades events such as the Marilynn Smith Pro-Am and Shirley Spork Golf Tournament provided funds to promote opportunities for women in golf. The spirit of the Founders lives on in the special events presented by Golf It Forward. Events include the annual Silent Auction Sunday Tea and Marilynn Smith Scholarship Pro-Am. With these cornerstone fundraising events we are able to continue to grant $5,000 scholarships to high school female golfers looking to attend college.
-
This past year was another great success as we continue to increase scholarships awarded. In 2024 we were able to increase our scholarship awards providing financial assistance to girls going on to play college golf. Scholarships were paid through the LPGA Foundation for a second year in a row.20
Expenses $98,500 · Grants $98,500
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jane Spicer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kore Grate
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frank Pyles
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Zimron
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cindy Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carla Glasgow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tracy Hupko
Director
- Total calculated
- $0
- Hours/week
- 5
-
Nan Ryan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dustin Alexander
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emily Schimbeno
Director
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Waitkus
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Deborah Grischo
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Deb Knowles
Treasurer CFO
- Total calculated
- $0
- Hours/week
- 5
-
Michele Alexander
Secretary
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 23 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531139349300203
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