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Nonprofiteer
← INNER CITY YOUTH GOLFERS INCORPORATED

Form 990 for tax year 2023

Filed by INNER CITY YOUTH GOLFERS INCORPORATED.

Totals

Total revenue
$394,207
Total expenses
$250,679
Contributions and grants received
$246,236
Grants paid
$0
Program service revenue
$147,971
Investment income
$0
Other revenue
$0
Total assets, end of year
$396,131
Total liabilities, end of year
$4,124
Net assets or fund balances, end of year
$392,007
Program services expenses (Part IX)
$247,178
Management and general expenses
$3,501
Fundraising expenses
$0
Program service expenses (Part III)
$247,178

Program services were 98.6% 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.

  • 1c · Fundraising events

    $1,120

  • 1e · Government grants (contributions)

    $245,116

  • 2a · Program service revenue: AAGHOF

    total $11,809 · related or exempt $11,809

  • 2b · Program service revenue: DIRECT PUBLIC SUPORT

    total $111,137 · related or exempt $111,137

  • 2c · Program service revenue: GRANTS

    total $25,000 · related or exempt $25,000

  • 2d · Program service revenue: OTHER

    total $25 · related or exempt $25

  • 8a · Fundraising events: contributions included on line 1c

    $1,120

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $13,891 · program services $13,891

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $501 · management and general $501

  • 16 · Occupancy

    total $149,412 · program services $149,412

  • 19 · Conferences, conventions and meetings

    total $5,968 · program services $5,968

  • 23 · Insurance

    total $2,386 · program services $2,386

  • 24a · Other expenses: AAGHOF

    total $13,877 · program services $13,877

  • 24b · Other expenses: Program Supplies

    total $61,644 · program services $61,644

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,409 · end of year $366,181

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

    $29,950

  • 10c · Land, buildings and equipment, net

    beginning of year $22,000 · end of year $29,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,930 · end of year $4,124

  • 27 · Net assets without donor restrictions

    beginning of year $248,479 · end of year $392,007

Mission and programs · 2023

Mission

TO PROVIDE OUR YOUTH WITH POSITIVE PARALLEL LIFE SKILLS, VALUES,DRIVE, MOTICATION AND DISCIPLINE NEEDED TO PLAY THE GAME OF GOLF. TO INSTILL IN OUR YOUTH THE SPORTSMANSHIP, HONESTY, INTEGRITY, AND PERSERVERANCE NEEDED TO ENJOY THE GAME OF GOLF.TO PROMOTE RESPONSIBILITY, RESPECT.

  • ICYG Founder & Executive Director were selected to participate in the DEI round table for PGA. Founder Malachi Knowles was instrumental in the establishment of the Victoria Kingdom Collegiate four (4) year Scholarship.ICYG continued its Back of the House Tour for a second year during the Honda Classic Golf Tournament at PGA for about 30 youth and their parents and guardians. ICYG awarded four scholarships to deserving students. On May 2, 2023, we were presented with a proclamation from the Palm Beach County Board of County Commissioners proclaiming May 25-29, 2023, African America Golfers Hall of Fame and African American Collegiate and Youth Golfers Hall of Fame Week. ICYG Hosted the African American Golfers Hall of Fame and the African American Collegiate and Youth Golfers Hall of Fame Celebration. This contributes to the economic development of Palm Beach County. ICYG continues to serve as the golf clinician for the Annual Kids Fitness Festival.

    Expenses $247,178 · Revenue $136,137

As filed on the 2023 return.

Listed in Part VII

  • Malachi Knowles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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
2023
Filed
27 February 2024
IRS schema version
2023v5.0
Source object
202441009349301724

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