Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $315,898

• 1f · All other contributions, gifts and grants

  $1,399,792

• 1g · Noncash contributions included above

  $52,377

• 2a · Program service revenue: Membership dues

  total $112,891 · related or exempt $112,891

• 2b · Program service revenue: Life skills/Tournament

  total $22,496 · related or exempt $22,496

• 3 · Investment income

  total $133,805 · related or exempt $133,805

• 5 · Royalties

  total $112 · related or exempt $112

• 8a · Fundraising events: gross income

  $21,450

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

  $315,898

• 8b · Fundraising events: direct expenses

  $34,876

• 8c · Net income from fundraising events

  total -$13,426 · excluded -$13,426

• 10a · Gross sales of inventory

  $625

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $625 · related or exempt $625

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $170,940 · program services $94,019 · management and general $59,827 · fundraising $17,094

• 7 · Other salaries and wages

  total $615,144 · program services $538,862 · management and general $38,745 · fundraising $37,537

• 8 · Pension plan contributions

  total $46,226 · program services $40,937 · management and general $2,521 · fundraising $2,768

• 9 · Other employee benefits

  total $98,847 · program services $82,075 · management and general $10,200 · fundraising $6,572

• 10 · Payroll taxes

  total $58,236 · program services $47,275 · management and general $6,960 · fundraising $4,001

• 11g · Fees: other

  total $173,017 · program services $99,307 · management and general $33,007 · fundraising $40,703

• 13 · Office expenses

  total $71,864 · program services $54,262 · management and general $15,550 · fundraising $2,052

• 16 · Occupancy

  total $27,193 · program services $25,999 · management and general $758 · fundraising $436

• 17 · Travel

  total $19,053 · program services $19,053

• 19 · Conferences, conventions and meetings

  total $23,943 · program services $23,943

• 20 · Interest

  total $552 · program services $552

• 22 · Depreciation, depletion and amortization

  total $12,746 · program services $12,746

• 23 · Insurance

  total $46,671 · program services $46,671

• 24a · Other expenses: First Tee tournament se

  total $43,622 · program services $43,622

• 24b · Other expenses: Course/grounds maint

  total $25,980 · program services $25,980

• 24c · Other expenses: Outreach program

  total $10,968 · program services $10,534 · management and general $434

• 24d · Other expenses: Other expenses

  total $8,693 · program services $8,641 · management and general $52

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $16,636

• 2 · Savings and temporary cash investments

  beginning of year $2,430,415 · end of year $2,800,300

• 3 · Pledges and grants receivable

  end of year $143,666

• 4 · Accounts receivable

  end of year $12,500

• 9 · Prepaid expenses and deferred charges

  beginning of year $31,674 · end of year $46,914

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

  $1,002,255

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

  $908,276

• 10c · Land, buildings and equipment, net

  beginning of year $91,782 · end of year $93,979

• 15 · Other assets

  beginning of year $394,619 · end of year $563,631

• 17 · Accounts payable and accrued expenses

  beginning of year $68,657 · end of year $73,472

• 19 · Deferred revenue

  beginning of year $58,263 · end of year $72,354

• 25 · Other liabilities

  beginning of year $582,927 · end of year $667,617

• 27 · Net assets without donor restrictions

  beginning of year -$594,803 · end of year $576,981

• 28 · Net assets with donor restrictions

  beginning of year $2,833,446 · end of year $2,287,202

The filer's explanations (Part III)

Officer Compensation Explanation

The President/CEO serves the three related organizations. The total compensation package is paid by Houston Golf Association,Inc. The compensation is allocated between the three related organizations based on estimated time committed to each. Time and compensation has been allocated 2% Houston Golf Association,Inc., 41% Houston Golf Association Youth Program, Inc., and 57% Houston Municipal Golf Association, Inc. The Houston Golf Association, Inc. has a compensation committee and engages an outside firm that conducts a compensation study on a regular basis.