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← KIDS GOLF FOUNDATION OF ILLINOIS

Form 990 for tax year 2023

Filed by KIDS GOLF FOUNDATION OF ILLINOIS.

Totals

Total revenue
$296,524
Total expenses
$507,608
Contributions and grants received
$253,731
Grants paid
$0
Program service revenue
$0
Investment income
$42,793
Other revenue
$0
Total assets, end of year
$2,173,062
Total liabilities, end of year
$11,942
Net assets or fund balances, end of year
$2,161,120
Program services expenses (Part IX)
$404,549
Management and general expenses
$103,059
Fundraising expenses
$0
Program service expenses (Part III)
$404,549

Program services were 79.7% 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

    $253,731

  • 3 · Investment income

    total $60,637 · excluded $60,637

  • 7a · Gross sales of assets other than inventory

    securities $1,054,453

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

    securities $1,072,297

  • 7c · Gain or loss

    securities -$17,844

  • 7d · Net gain or loss

    total -$17,844 · excluded -$17,844

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,358 · program services $65,122 · management and general $7,236

  • 7 · Other salaries and wages

    total $55,929 · program services $50,336 · management and general $5,593

  • 10 · Payroll taxes

    total $10,467 · program services $9,420 · management and general $1,047

  • 11b · Fees: legal

    total $25,729 · management and general $25,729

  • 11c · Fees: accounting

    total $31,610 · management and general $31,610

  • 11f · Fees: investment management

    total $8,507 · management and general $8,507

  • 11g · Fees: other

    total $8,125 · management and general $8,125

  • 12 · Advertising and promotion

    total $8,271 · program services $8,271

  • 13 · Office expenses

    total $15,069 · program services $7,906 · management and general $7,163

  • 17 · Travel

    total $6,052 · program services $5,447 · management and general $605

  • 22 · Depreciation, depletion and amortization

    total $4,245 · program services $3,608 · management and general $637

  • 23 · Insurance

    total $9,790 · program services $6,853 · management and general $2,937

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $119,669 · program services $119,669

  • 24b · Other expenses: PROGRAM EXPENSES

    total $74,957 · program services $74,957

  • 24c · Other expenses: TOURNAMENT

    total $26,660 · program services $26,660

  • 24d · Other expenses: SCHOLARSHIPS

    total $15,000 · program services $15,000

  • 24e · All other expenses

    total $15,170 · program services $11,300 · management and general $3,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,500 · end of year $104,996

  • 8 · Inventories for sale or use

    end of year $55,932

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

    $294,478

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

    $209,951

  • 10c · Land, buildings and equipment, net

    beginning of year $88,772 · end of year $84,527

  • 11 · Investments: publicly traded securities

    beginning of year $1,952,951 · end of year $1,908,407

  • 15 · Other assets

    beginning of year $19,200 · end of year $19,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,399 · end of year $11,942

  • 27 · Net assets without donor restrictions

    beginning of year $2,251,024 · end of year $2,161,120

Mission and programs · 2023

Mission

THE KIDS GOLF FOUNDATION OF ILLINOIS IS DEDICATED TO BRINGING THE SPORT OF GOLF INTO THE LIVES OF YOUNG CHILDREN AND PROVIDING THEM WITH AN OPPORTUNITY FOR PERSONAL GROWTH AND CAREER ENHANCEMENT.

  • THE KIDS GOLF FOUNDATION WORKS WITH VARIOUS ORGANIZATIONS AND INDIVIDUALS THROUGHOUT THE STATE WHO ARE LOOKING TO ADOPT OUR GOLF PROGRAMS. THE FOUNDATION PROVIDES THESE SITES WITH THE TRAINING, EQUIPMENT, RESOURCES, AND FUNDING OPPORTUNITIES TO CARRY OUT A SUCCESSFUL GOLF PROGRAM. THE FOUNDATION ALSO OFFERS OPPORTUNITIES FOR SITES TO GET INVOLVED IN ANNUAL EVENTS.

    Expenses $404,549

As filed on the 2023 return.

Listed in Part VII

  • Jerome Rich

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jon Meagher

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Glenn Geist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Ustian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kay Upham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Myrna Kulp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Reschke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Howard Ecker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Rich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jesse Kulp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martin Kolinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alex Kline-Wedeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michaela Synder

    FUND MANAGER

    Total calculated
    $73,658
    From this org
    $72,358
    From related orgs
    $0
    Other
    $1,300
    Hours/week
    40

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RICH HARVEST FARMS

    S · GOLF COURSE · IL

    Directly controlled by NO

Provenance

Return type
form_990
Tax year
2023
Filed
18 July 2024
IRS schema version
2023v5.1
Source object
202422429349301552

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