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← SOUTHERN TEXAS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION

Form 990 for tax year 2023

Filed by SOUTHERN TEXAS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION.

Totals

Total revenue
$4,185,307
Total expenses
$3,989,409
Contributions and grants received
$729,005
Grants paid
$398,235
Program service revenue
$3,418,454
Investment income
$24,243
Other revenue
$13,605
Total assets, end of year
$2,356,396
Total liabilities, end of year
$1,205,828
Net assets or fund balances, end of year
$1,150,568
Program services expenses (Part IX)
$3,539,637
Management and general expenses
$173,538
Fundraising expenses
$276,234
Program service expenses (Part III)
$3,539,637

Program services were 88.7% 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.

  • 1c · Fundraising events

    $95,281

  • 1f · All other contributions, gifts and grants

    $633,724

  • 1g · Noncash contributions included above

    $52,330

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $3,083,910 · related or exempt $3,083,910

  • 2b · Program service revenue: SPONSORSHIP REVENUE

    total $248,684 · excluded $248,684

  • 2c · Program service revenue: REIMBURSED EXPENSES

    total $85,758 · related or exempt $85,758

  • 2d · Program service revenue: MERCHANDISE REVENUE

    total $89 · related or exempt $89

  • 2e · Program service revenue: MISCELLANEOUS REVENUE

    total $13 · related or exempt $13

  • 3 · Investment income

    total $26,881 · excluded $26,881

  • 7a · Gross sales of assets other than inventory

    securities $139,604

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

    securities $142,242

  • 7c · Gain or loss

    securities -$2,638

  • 7d · Net gain or loss

    total -$2,638 · excluded -$2,638

  • 8a · Fundraising events: gross income

    $43,108

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

    $95,281

  • 8b · Fundraising events: direct expenses

    $29,503

  • 8c · Net income from fundraising events

    total $13,605 · excluded $13,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $171,375 · program services $171,375

  • 2 · Grants to domestic individuals

    total $226,860 · program services $226,860

  • 11a · Fees: management

    total $1,252,635 · program services $876,845 · management and general $150,316 · fundraising $225,474

  • 11g · Fees: other

    total $198,956 · program services $198,956

  • 12 · Advertising and promotion

    total $2,645 · program services $2,645

  • 13 · Office expenses

    total $81,136 · program services $68,965 · management and general $8,114 · fundraising $4,057

  • 17 · Travel

    total $173,480 · program services $156,132 · fundraising $17,348

  • 22 · Depreciation, depletion and amortization

    total $40,185 · program services $34,961 · management and general $2,009 · fundraising $3,215

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $1,152,104 · program services $1,152,104

  • 24b · Other expenses: TOURNAMENT PRIZES

    total $371,550 · program services $371,550

  • 24c · Other expenses: PROCESSING FEES

    total $183,533 · program services $165,180 · management and general $5,506 · fundraising $12,847

  • 24d · Other expenses: FOOD AND BEVERAGE

    total $128,414 · program services $109,152 · management and general $6,421 · fundraising $12,841

  • 24e · All other expenses

    total $6,536 · program services $4,912 · management and general $1,172 · fundraising $452

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,019,625 · end of year $1,183,232

  • 2 · Savings and temporary cash investments

    beginning of year $737 · end of year $9,013

  • 4 · Accounts receivable

    beginning of year $12,101 · end of year $62,045

  • 9 · Prepaid expenses and deferred charges

    end of year $3,950

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

    $281,139

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

    $105,188

  • 10c · Land, buildings and equipment, net

    beginning of year $128,553 · end of year $175,951

  • 11 · Investments: publicly traded securities

    beginning of year $359,454 · end of year $901,890

  • 15 · Other assets

    beginning of year $200,431 · end of year $20,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $350,797 · end of year $323,589

  • 19 · Deferred revenue

    beginning of year $442,300 · end of year $476,263

  • 25 · Other liabilities

    beginning of year $0 · end of year $405,976

  • 27 · Net assets without donor restrictions

    beginning of year $907,563 · end of year $64,617

  • 28 · Net assets with donor restrictions

    beginning of year $20,241 · end of year $1,085,951

Mission and programs · 2023

Mission

TO INTRODUCE AND PROVIDE YOUTH IN SOUTH TEXAS BROAD OPPORTUNITIES TO EXPERIENCE THE GAME OF GOLF, DEVELOP THEIR TALENT AS PLAYERS AND THEMSELVES AS INDIVIDUALS AND PROMOTE SCHOLARSHIP BENEFITS TO AS MANY QUALIFIED CANDIDATES AS POSSIBLE. THE STPGA FOUNDATION WILL UPHOLD THE HIGH DEGREE OF PROFESSIONALISM NECESSARY TO MOTIVATE YOUNG MEN AND WOMEN TO STRIVE FOR PERSONAL INTEGRITY, HONOR, AND IDEALS.

  • THE SOUTHERN TEXAS PGA FOUNDATION RUNS SEVERAL YOUTH GOLF PROGRAMS INCLUDING TOURNAMENTS AND CLINICS. THE PROGRAMS ARE INSTRUCTIONALLY BASED, TARGETING THE RULES OF GOLF AND ETIQUETTE, AS WELL AS GOLF FUNDAMENTALS.IN ADDITION, THE SOUTHERN TEXAS PGA FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO PROMOTE THE ATTAINMENT OF HIGHER EDUCATION GOALS FOR YOUTH THAT HAVE DEMONSTRATED A HIGH LEVEL OF ACHIEVEMENT IN HIGH SCHOOL AND COLLEGE, AND HAVE DEMONSTRATED A FINANCIAL NEED.

    Expenses $3,539,637 · Grants $398,235 · Revenue $3,169,770

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRYAN MINNICK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 10 related

  • RICH BALLINGER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • DARRELL FUSTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • JAMES BROWN

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • MARC DEWALL

    AT-LARGE

    Total calculated
    $0
    Hours/week
    3

  • THOMAS HUTTON

    EXECUTIVE DIRECTOR

    Total calculated
    $232,344
    From this org
    $0
    From related orgs
    $195,277
    Other
    $37,067
    Hours/week
    30 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,277 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,517 related
    Nontaxable benefits
    $0 + $27,550 related
    Filer's total
    $0 + $232,344 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

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
1 November 2024
IRS schema version
2023v5.1
Source object
202413069349300331

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