Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,046,956

• 2a · Program service revenue: Membership fees

  total $5,299,392 · related or exempt $5,299,392

• 2b · Program service revenue: Sponsorship revenue

  total $181,986 · related or exempt $181,986

• 3 · Investment income

  total $124,381 · excluded $124,381

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,280 · program services $110,280

• 5 · Compensation of officers, directors and key employees

  total $326,632 · program services $224,793 · management and general $91,629 · fundraising $10,210

• 7 · Other salaries and wages

  total $235,574 · program services $207,216 · management and general $10,534 · fundraising $17,824

• 8 · Pension plan contributions

  total $10,436 · program services $4,335 · management and general $5,591 · fundraising $510

• 10 · Payroll taxes

  total $27,829 · program services $25,599 · management and general $188 · fundraising $2,042

• 11b · Fees: legal

  total $13,730 · program services $13,730

• 11c · Fees: accounting

  total $37,150 · management and general $37,150

• 11f · Fees: investment management

  total $6,792 · management and general $6,792

• 11g · Fees: other

  total $366,680 · program services $23,366 · management and general $343,314

• 12 · Advertising and promotion

  total $52,386 · program services $52,386

• 13 · Office expenses

  total $200,804 · program services $180,559 · management and general $20,245

• 14 · Information technology

  total $2,109 · program services $2,109

• 16 · Occupancy

  total $6,540,978 · program services $6,487,650 · management and general $53,328

• 17 · Travel

  total $94,144 · program services $88,445 · management and general $5,699

• 20 · Interest

  total $452,856 · program services $452,856

• 22 · Depreciation, depletion and amortization

  total $1,116,559 · program services $1,116,559

• 23 · Insurance

  total $22,500 · management and general $22,500

• 24a · Other expenses: Tournament fees

  total $280,000 · program services $280,000

• 24b · Other expenses: Sponsorship benefits

  total $133,350 · program services $133,350

• 24c · Other expenses: Program expenses

  total $49,624 · program services $49,624

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $987 · end of year $987

• 2 · Savings and temporary cash investments

  beginning of year $2,351,852 · end of year $1,872,025

• 4 · Accounts receivable

  beginning of year $92,901 · end of year $62,622

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,541 · end of year $11,750

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

  $51,472

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

  $47,400

• 10c · Land, buildings and equipment, net

  beginning of year $7,908 · end of year $4,072

• 15 · Other assets

  beginning of year $11,128,547 · end of year $10,145,139

• 17 · Accounts payable and accrued expenses

  beginning of year $26,720 · end of year $53,357

• 19 · Deferred revenue

  beginning of year $2,442,949 · end of year $3,016,462

• 22 · Loans and payables to officers and key people

  beginning of year $8,854,162 · end of year $7,051,317

• 25 · Other liabilities

  beginning of year $0 · end of year $132,252

• 27 · Net assets without donor restrictions

  beginning of year $2,270,905 · end of year $1,843,207

The filer's explanations (Part III)

Part I, Line 7

Each calendar year the job performance of the top officials is evaluated by the Chairman of the Board. The criteria used for the issuance of bonus compensation is based on the level of performance to job responsibilities, success of achieving objectives set forth within the membership and sponsorship programs that are directed by the Board of Directors. All bonus compensation is approved annually by the Board of Directors.