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← GOLF CHARITABLE FOUNDATION OF GREATER DES MOINES

Form 990 for tax year 2023

Filed by GOLF CHARITABLE FOUNDATION OF GREATER DES MOINES.

Totals

Total revenue
$14,614,420
Total expenses
$14,618,934
Contributions and grants received
$7,564,062
Grants paid
$8,657,122
Program service revenue
$7,005,885
Investment income
$44,473
Other revenue
$0
Total assets, end of year
$2,579,200
Total liabilities, end of year
$1,512,842
Net assets or fund balances, end of year
$1,066,358
Program services expenses (Part IX)
$13,378,710
Management and general expenses
$742,840
Fundraising expenses
$497,384
Program service expenses (Part III)
$13,378,710

Program services were 91.5% 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

    $7,564,062

  • 2a · Program service revenue: PRINCIPAL CHARITY CLASSIC TOURNAM

    total $7,005,885 · related or exempt $7,005,885

  • 3 · Investment income

    total $42,890 · excluded $42,890

  • 7a · Gross sales of assets other than inventory

    securities $116,896

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

    securities $115,313

  • 7c · Gain or loss

    securities $1,583

  • 7d · Net gain or loss

    total $1,583 · excluded $1,583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,657,122 · program services $8,657,122

  • 11a · Fees: management

    total $1,002,022 · program services $213,735 · management and general $603,270 · fundraising $185,017

  • 11c · Fees: accounting

    total $28,088 · management and general $28,088

  • 11f · Fees: investment management

    total $5,450 · management and general $5,450

  • 12 · Advertising and promotion

    total $101,357 · fundraising $101,357

  • 13 · Office expenses

    total $95,711 · management and general $95,711

  • 14 · Information technology

    total $10,321 · management and general $10,321

  • 24a · Other expenses: EVENT OPERATIONS

    total $2,614,968 · program services $2,614,968

  • 24b · Other expenses: TOURNAMENT PRIZES

    total $1,522,824 · program services $1,522,824

  • 24c · Other expenses: HOSPITALITY OPERATIONS

    total $258,514 · program services $258,514

  • 24d · Other expenses: PRO-AM EXPENSES

    total $211,010 · fundraising $211,010

  • 24e · All other expenses

    total $111,547 · program services $111,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,455,103 · end of year $1,310,998

  • 2 · Savings and temporary cash investments

    beginning of year $682,791 · end of year $780,354

  • 4 · Accounts receivable

    beginning of year $223,222 · end of year $470,239

  • 8 · Inventories for sale or use

    end of year $10,942

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,221

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

    $10,000

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

    $3,333

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,329,369 · end of year $1,255,842

  • 19 · Deferred revenue

    beginning of year $20,664 · end of year $257,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,014,304 · end of year $1,066,358

Mission and programs · 2023

Mission

TO SUPPORT THE COMMUNITY FOUNDATION OF GREATER DES MOINES AND SERVE AS THE HOST CHARITABLE ORGANIZATION FOR ONE OR MORE CHARITY GOLF TOURNAMENTS IN THE GREATER DES MOINES AREA.

Activities or mission (Part I)

TO ACT AS THE HOSTING CHARITY FOR THE ANNUAL PRINCIPAL CHARITY CLASSIC GOLF EVENT.

  • THE PRINCIPAL CHARITY CLASSIC'S (PCC) OBJECTIVE IS TO RAISE FUNDS FOR IOWA CHARITIES PRIMARILY THROUGH DONATIONS AND SPONSORSHIPS. THE PCC TOURNAMENT IS HELD ANNUALLY IN ORDER TO CONTRIBUTE TO THE ECONOMIC VITALITY AND QUALITY OF LIFE IN CENTRAL IOWA BY HEIGHTENING AWARENESS OF THE SELECTED CHARITABLE INSTITUTIONS AND PROVIDING ACCESS TO THE CULTURAL BENEFITS OF PROFESSIONAL LEVEL GOLF ACTIVITIES. EACH YEAR THE TOURNAMENT RAISES SIGNIFICANT FUNDS FROM PRIVATE CONTRIBUTIONS, SPONSORSHIPS, AND SALES OF TICKETS THAT ARE DISTRIBUTED THROUGH TWO MAIN PROGRAMS: BIRDIES FOR CHARITY AND TOURNAMENT CHARITY PARTNERS.

    Expenses $5,474,648 · Grants $753,060 · Revenue $7,005,885

  • BIRDIES FOR CHARITY IS A PROGRAM DESIGNED TO PROVIDE FINANCIAL SUPPORT TO 501(C)(3) CHARITIES BENEFITING CHILDREN THROUGHOUT IOWA. DONORS MAY PLEDGE FUNDS TO A PARTICIPATING CHARITY AS A FLAT AMOUNT.

    Expenses $7,564,062 · Grants $7,564,062

  • IN FISCAL YEAR 2024, TOURNAMENT CHARITY PARTNERS RECEIVED A TOTAL OF $340,000.

    Expenses $340,000 · Grants $340,000

As filed on the 2023 return.

Listed in Part VII

  • KRISTI KNOUS

    VICE-CHAIR AND DIRECTOR

    Total calculated
    $399,397
    From this org
    $0
    From related orgs
    $325,069
    Other
    $74,328
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,122 related
    Bonus
    $0
    Other
    $0 + $947 related
    Deferred
    $0 + $42,300 related
    Nontaxable benefits
    $0 + $32,028 related
    Filer's total
    $0 + $399,397 related

  • KEN MCCULLUM

    CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JO CHRISTINE MILES

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY TAUSCHECK

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN HOUSTON

    TREASURER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EMILY ABBAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT CARSTENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY CHASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY COFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREG EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • H LYNN HORAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN KUNERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCCORMICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCCOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY PARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUKU RADIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN SATHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID STARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB TEKOLSTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICH WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH WOOD

    DIRECTOR

    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. 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY THE COMMUNITY FOUNDATION OF GREATER DES MOINES, A RELATED ORGANIZATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202541189349301664

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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