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Nonprofiteer
← COLORADO GOLF FOUNDATION

Form 990 for tax year 2023

Filed by COLORADO GOLF FOUNDATION.

Totals

Total revenue
$1,048,014
Total expenses
$520,347
Contributions and grants received
$975,715
Grants paid
$503,626
Program service revenue
$0
Investment income
$72,299
Other revenue
$0
Total assets, end of year
$3,904,630
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,904,630
Program services expenses (Part IX)
$503,626
Management and general expenses
$16,721
Fundraising expenses
$0
Program service expenses (Part III)
$503,626

Program services were 96.8% 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

    $975,715

  • 3 · Investment income

    total $72,299 · excluded $72,299

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $503,626 · program services $503,626

  • 11a · Fees: management

    total $7,500 · management and general $7,500

  • 11g · Fees: other

    total $8,000 · management and general $8,000

  • 23 · Insurance

    total $789 · management and general $789

  • 24a · Other expenses: SUPPLIES

    total $432 · management and general $432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,118 · end of year $66,609

  • 2 · Savings and temporary cash investments

    beginning of year $368,661 · end of year $618,187

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $100,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,418,874 · end of year $3,119,834

  • 18 · Grants payable

    beginning of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,583,741 · end of year $2,993,384

  • 28 · Net assets with donor restrictions

    beginning of year $430,912 · end of year $911,246

Mission and programs · 2023

Mission

TO PROVIDE FUNDING FOR COLORADO-BASED GOLF ORGANIZATIONS AND PROGRAMS THAT USE GOLF TO BUILD IMPORTANT LIFE SKILLS AND CHARACTER, WITH AN EMPHASIS ON INSTILLING HARD WORK AND SELF-RELIANCE IN YOUNG PEOPLE.

  • CADDIE PROGRAMS: THE FOUNDATION BELIEVES THAT CADDYING INSTILLS THE LIFE SKILLS AND QUALITY OF CHARACTER THAT BUILD SELF-RELIANCE IN YOUNG PEOPLE. WITH THAT IN MIND, THE FOUNDATION PROVIDES FUNDING TO A VARIETY OF COLORADO-BASED CADDIE PROGRAMS AND ORGANIZATIONS, INCLUDING SOLICH CADDIE & LEADERSHIP ACADEMY, BROADMOOR CADDIE & LEADERSHIP ACADEMY, THE COLORADO GOLF ASSOCIATION (CGA) CADDIE SUMMIT, AND OTHER NON-CGA CADDIE PROGRAMS.

    Expenses $328,418 · Grants $328,418

  • JUNIOR PLAYER DEVELOPMENT: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS THAT DEVELOP FUTURE GENERATIONS OF GOLFERS INCLUDING THE COLORADO GOLF ASSOCIATION'S VARIOUS JUNIOR PLAYER DEVELOPMENT PROGRAMS AND THE PGA SECTION OF COLORADO - PGA REACH.

    Expenses $96,058 · Grants $96,058

  • COMMUNITY PARTNERSHIPS: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS WHO WISH TO INTRODUCE GOLF TO THOSE WHO MAY NOT OTHERWISE HAVE AN OPPORTUNITY TO EXPERIENCE ALL THIS GREAT GAME HAS TO OFFER. THROUGH COMMUNITY PARTNERSHIPS THE FOUNDATION CREATES AN ENVIRONMENT WHERE KIDS HAVE FUN WHILE DEVELOPING SKILLS THAT BUILD SELF-ESTEEM AND REINFORCE IDEALS LIKE HONESTY AND FAIR PLAY. ORGANIZATIONS SUPPORTED BY THE FOUNDATION INCLUDE THE FIRST TEE CHAPTERS OF GREEN VALLEY RANCH, ROCKY MOUNTAINS, AND SOUTHERN COLORADO, AS WELL AS PIKES PEAK GOLF LINKS AND YOUTH ON COURSE, AMONG OTHERS.

    Expenses $79,150 · Grants $79,150

As filed on the 2023 return.

Listed in Part VII

  • JIM BUNCH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • WILL NICHOLSON III

    TREASURER/VI

    Total calculated
    $0
    Hours/week
    1

  • PHIL LANE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIE AUSTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANENE GUZOWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORTON RAINEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEITH SCHNEIDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DUFFY SOLICH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
10 June 2024
IRS schema version
2023v5.0
Source object
202411629349301436

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