Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $500,000

• 1f · All other contributions, gifts and grants

  $55,350

• 1g · Noncash contributions included above

  $55,350

• 2a · Program service revenue: ARNOLD PALMER INVITATIONAL

  total $43,033,159 · related or exempt $43,033,159

• 3 · Investment income

  total $274,763 · excluded $274,763

• 7a · Gross sales of assets other than inventory

  securities $1,763,544

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

  securities $1,750,871

• 7c · Gain or loss

  securities $12,673

• 7d · Net gain or loss

  total $12,673 · excluded $12,673

• 11a · Other revenue: MISC REVENUE

  total $13,243 · related or exempt $13,243

• 11e · Other revenue, total

  $13,243

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,086,365 · program services $2,086,365

• 5 · Compensation of officers, directors and key employees

  total $436,074 · management and general $436,074

• 7 · Other salaries and wages

  total $1,156,362 · management and general $1,156,362

• 9 · Other employee benefits

  total $298,627 · management and general $298,627

• 11b · Fees: legal

  total $31,323 · management and general $31,323

• 11c · Fees: accounting

  total $2,200 · management and general $2,200

• 11d · Fees: lobbying

  total $48,180 · fundraising $48,180

• 11f · Fees: investment management

  total $17,924 · management and general $17,924

• 11g · Fees: other

  total $20,903 · management and general $20,903

• 12 · Advertising and promotion

  total $6,486,815 · program services $6,486,815

• 13 · Office expenses

  total $128,468 · program services $39,906 · management and general $88,562

• 14 · Information technology

  total $149,683 · program services $94,236 · management and general $55,447

• 16 · Occupancy

  total $335,459 · program services $269,749 · management and general $65,710

• 17 · Travel

  total $93 · management and general $93

• 19 · Conferences, conventions and meetings

  total $19,112 · program services $19,112

• 23 · Insurance

  total $24,394 · program services $8,816 · management and general $15,578

• 24a · Other expenses: PLAYER PRIZE FUND

  total $20,000,000 · program services $20,000,000

• 24b · Other expenses: TOURNAMENT HOSPITALITY

  total $6,237,523 · program services $6,237,523

• 24c · Other expenses: COURSE AND FACILITIES

  total $5,687,858 · program services $5,687,858

• 24d · Other expenses: VOLUNTEER EXPENSES

  total $345,386 · program services $345,386

• 24e · All other expenses

  total $392,349 · program services $297,453 · management and general $94,896

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,058,813 · end of year $3,343,361

• 2 · Savings and temporary cash investments

  beginning of year $326,621 · end of year $435,501

• 4 · Accounts receivable

  beginning of year $1,418,669 · end of year $2,275,141

• 8 · Inventories for sale or use

  beginning of year $14,747,272 · end of year $14,802,622

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,031 · end of year $214,638

• 11 · Investments: publicly traded securities

  beginning of year $4,382,559 · end of year $4,480,093

• 17 · Accounts payable and accrued expenses

  beginning of year $858,927 · end of year $2,658,040

• 19 · Deferred revenue

  beginning of year $499,937 · end of year $52,221

• 22 · Loans and payables to officers and key people

  end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $22,648,101 · end of year $22,841,095

The filer's explanations (Part III)

SCH J, PART II

KEN BOEHNER WAS A LEASED EMPLOYEE FROM BAY HILL (AN UNRELATED ORGANIZATION). ARNIE'S ARMY CHARITABLE FOUNDATION, INC. PAYS FOR HIS USE. PAYMENTS ARE INCLUDED ON THE SCHEDULE L.