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Nonprofiteer
← TEXAS GOLF ASSOCIATION FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS GOLF ASSOCIATION FOUNDATION.

Totals

Total revenue
$953,078
Total expenses
$764,962
Contributions and grants received
$271,363
Grants paid
$7,600
Program service revenue
$665,468
Investment income
$16,247
Other revenue
$0
Total assets, end of year
$942,742
Total liabilities, end of year
$87,205
Net assets or fund balances, end of year
$855,537
Program services expenses (Part IX)
$724,089
Management and general expenses
$40,873
Fundraising expenses
$0
Program service expenses (Part III)
$724,089

Program services were 94.7% 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

    $271,363

  • 2a · Program service revenue: TOURNAMENTS

    total $665,468 · related or exempt $665,468

  • 3 · Investment income

    total $16,247 · excluded $16,247

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 2 · Grants to domestic individuals

    total $7,100 · program services $7,100

  • 11a · Fees: management

    total $24,000 · management and general $24,000

  • 11g · Fees: other

    total $5,250 · management and general $5,250

  • 12 · Advertising and promotion

    total $31 · management and general $31

  • 13 · Office expenses

    total $10,974 · management and general $10,974

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $716,489 · program services $716,489

  • 24b · Other expenses: BANK CHARGES

    total $494 · management and general $494

  • 24c · Other expenses: TAXES - OTHER

    total $124 · management and general $124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $710,891 · end of year $422,966

  • 2 · Savings and temporary cash investments

    beginning of year $730 · end of year $775

  • 4 · Accounts receivable

    beginning of year $0 · end of year $487,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $4,524

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

    $45,499

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

    $45,499

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $26,485 · end of year $27,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,685 · end of year $87,205

  • 27 · Net assets without donor restrictions

    beginning of year $460,320 · end of year $637,013

  • 28 · Net assets with donor restrictions

    beginning of year $207,101 · end of year $218,524

Mission and programs · 2023

Mission

TO PROMOTE AND EXPAND COMMUNITY AWARENESS OF THE GAME OF GOLF IN TEXAS THROUGH PROGRAMS SERVING JUNIOR GOLFERS AND THE COMMUNITY AT LARGE.

  • THE LEGENDS JUNIOR TOUR PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE FROM A VARIETY OF ECONOMICALLY AND CULTURALLY DIVERSE BACKGROUNDS TO PLAY GOLF. THIS YEAR, THE FOUNDATION'S LEGENDS JUNIOR TOUR HAD APPROXIMATELY 1,634 JUNIOR PLAYERS, CONSISTING OF MALE AND FEMALE GOLFERS FROM AGES 12 TO 18, COMPETE IN 19 TWO AND THREE DAY COMPETITIONS THROUGHOUT THE YEAR.

    Expenses $716,989 · Grants $500 · Revenue $665,468

  • PROVIDE FINANCIAL ASSISTANCE THROUGH 9 SCHOLARSHIP AWARDS AND DONATIONS TO DEVELOPMENT PROGRAMS.

    Expenses $7,100 · Grants $7,100

As filed on the 2023 return.

Listed in Part VII

  • SUZAN KNOX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • STACY DENNIS

    SECRETARY, EXECUTIVE DIREC

    Total calculated
    $328,693
    From this org
    $0
    From related orgs
    $307,900
    Other
    $20,793
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,000 related
    Bonus
    $0 + $39,000 related
    Other
    $0 + $900 related
    Deferred
    $0 + $12,280 related
    Nontaxable benefits
    $0 + $8,513 related
    Filer's total
    $0 + $328,693 related

  • SCOTT BEATY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • ROB COUTURE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • DONNA BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • CAREY SCHULTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • MIKE BOOKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • LOREN SINGLETARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • TITUS HARRIS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • LEE SANDLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 3 related

  • RONALD NORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • MICHAEL STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

  • JIM BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 2 related

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

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202402299349300035

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