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Nonprofiteer
← MIDWEST SECTION PGA FOUNDATION

Form 990 for tax year 2023

Filed by MIDWEST SECTION PGA FOUNDATION.

Totals

Total revenue
$219,531
Total expenses
$150,836
Contributions and grants received
$60,872
Grants paid
$0
Program service revenue
$135,328
Investment income
$19,411
Other revenue
$3,920
Total assets, end of year
$509,992
Total liabilities, end of year
$300
Net assets or fund balances, end of year
$509,692
Program services expenses (Part IX)
$130,036
Management and general expenses
$11,098
Fundraising expenses
$9,702
Program service expenses (Part III)
$130,036

Program services were 86.2% 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.

  • 1f · All other contributions, gifts and grants

    $60,872

  • 2a · Program service revenue: SPONSORSHIP REVENUE

    total $71,460 · excluded $71,460

  • 2b · Program service revenue: TOURNAMENT REVENUE

    total $43,599 · related or exempt $43,599

  • 2c · Program service revenue: REIMBURSED EXPENSES

    total $18,349 · related or exempt $18,349

  • 2d · Program service revenue: ADP - FUNDING

    total $1,920 · related or exempt $1,920

  • 3 · Investment income

    total $15,564 · excluded $15,564

  • 7a · Gross sales of assets other than inventory

    securities $248,847

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

    securities $245,000

  • 7c · Gain or loss

    securities $3,847

  • 7d · Net gain or loss

    total $3,847 · excluded $3,847

  • 11a · Other revenue: ADVERTISING REVENUE

    total $3,920 · unrelated business $3,920

  • 11e · Other revenue, total

    $3,920

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $58,023 · program services $43,523 · management and general $7,600 · fundraising $6,900

  • 12 · Advertising and promotion

    total $4,095 · program services $3,685 · management and general $205 · fundraising $205

  • 13 · Office expenses

    total $18,202 · program services $17,292 · management and general $910

  • 17 · Travel

    total $1,641 · program services $1,477 · management and general $82 · fundraising $82

  • 22 · Depreciation, depletion and amortization

    total $467 · program services $350 · management and general $117

  • 23 · Insurance

    total $503 · program services $377 · management and general $126

  • 24a · Other expenses: TOURNAMENT PRIZES

    total $39,992 · program services $37,992 · fundraising $2,000

  • 24b · Other expenses: TOURNAMENT OPERATIONS

    total $16,084 · program services $14,476 · management and general $1,608

  • 24c · Other expenses: FOOD AND BEVERAGE

    total $10,343 · program services $9,722 · management and general $207 · fundraising $414

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $789 · program services $513 · management and general $237 · fundraising $39

  • 24e · All other expenses

    total $697 · program services $629 · management and general $6 · fundraising $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,892 · end of year $141,876

  • 2 · Savings and temporary cash investments

    beginning of year $20 · end of year $2

  • 8 · Inventories for sale or use

    beginning of year $46,459 · end of year $30,000

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

    $6,526

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

    $466

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,060

  • 11 · Investments: publicly traded securities

    beginning of year $299,975 · end of year $328,924

  • 15 · Other assets

    beginning of year $0 · end of year $3,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $300

  • 25 · Other liabilities

    beginning of year $42,081 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $426,087 · end of year $473,928

  • 28 · Net assets with donor restrictions

    beginning of year $5,678 · end of year $35,764

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND/OR RESOURCES FOR QUALIFIED CHARITABLE ORGANIZATIONS AND EDUCATIONAL PURPOSES. THE MIDWEST FOUNDATION WILL CREATE AND ESTABLISH ACTIVITY-BASED AND EDUCATIONAL GOLF PROGRAMS WHICH CONVEY THE SOCIAL AND LIFE VALUES OF THE GAME REGARDLESS OF HEALTH CONDITIONS, GENDER, AGE, SOCIOECONOMIC BACKGROUND, OR PLAYING ABILITY.

  • THE MIDWEST FOUNDATION HELD A NUMBER OF GOLF EVENTS TO BRING AWARENESS AND TO PROVIDE FINANCIAL ASSISTANCE AND RESOURCES TO CHARITABLE ORGANIZATIONS. IT ALSO HELPED SCHOOLS SET UP PROGRAMS THROUGH THE "START NEW AT GOLF" PROGRAM FOR JUNIORS TO BE INTRODUCED TO THE GAME OF GOLF.

    Expenses $130,036 · Revenue $63,868

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sean Hanna

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Scott Wempe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Luke Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve King

    HONORARY PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Resch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ty Keisker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Albrecht

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Greeno

    EXECUTIVE DIRECTOR

    Total calculated
    $180,049
    From this org
    $0
    From related orgs
    $180,049
    Other
    $0
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,049 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $180,049 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

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202432709349301388

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