Form 990 for tax year 2023

1e · Government grants (contributions)

$500,000

1f · All other contributions, gifts and grants

$195,789

2a · Program service revenue: SPECIAL EVENTS

total $5,111,251 · related or exempt $5,111,251

3 · Investment income

total $68,225 · excluded $68,225

7a · Gross sales of assets other than inventory

securities $2,575

7b · Less cost or other basis and sales expenses

securities $0

7c · Gain or loss

securities $2,575

7d · Net gain or loss

total $2,575 · excluded $2,575

11a · Other revenue: FEDERAL EMPLOYMENT TAX

total $44,081 · excluded $44,081

11e · Other revenue, total

$44,081

1 · Grants to domestic organizations and governments

total $573,900 · program services $573,900

5 · Compensation of officers, directors and key employees

total $221,300 · management and general $221,300

7 · Other salaries and wages

total $365,712 · management and general $365,712

9 · Other employee benefits

total $15,807 · management and general $15,807

10 · Payroll taxes

total $42,958 · management and general $42,958

11b · Fees: legal

total $1,348 · management and general $1,348

11c · Fees: accounting

total $8,450 · management and general $8,450

12 · Advertising and promotion

total $225,546 · program services $225,546

13 · Office expenses

total $18,094 · management and general $18,094

16 · Occupancy

total $54,768 · management and general $54,768

17 · Travel

total $57,584 · management and general $57,584

22 · Depreciation, depletion and amortization

total $24,885 · program services $23,890 · management and general $995

23 · Insurance

total $2,008 · management and general $2,008

24a · Other expenses: PUBLIC AND PLAYER RELAT

total $2,430,613 · program services $2,430,613

24b · Other expenses: TOURNAMENT OPERATIONS

total $1,111,732 · program services $1,111,732

24c · Other expenses: SOCIAL AND FOOD

total $491,934 · program services $491,934

24d · Other expenses: GOLF COURSE

total $233,798 · program services $233,798

24e · All other expenses

total $234,036 · program services $168,794 · management and general $65,242

1 · Cash, non-interest-bearing

beginning of year $711,451 · end of year $162,484

2 · Savings and temporary cash investments

beginning of year $440,863 · end of year $1,170,577

4 · Accounts receivable

beginning of year $1,022,200 · end of year $527,600

9 · Prepaid expenses and deferred charges

beginning of year $112,241 · end of year $8,178

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

$1,360,977

10b · Land, buildings and equipment: accumulated depreciation

$765,581

10c · Land, buildings and equipment, net

beginning of year $729,379 · end of year $595,396

11 · Investments: publicly traded securities

beginning of year $334,794 · end of year $378,757

15 · Other assets

beginning of year $4,387 · end of year $4,387

17 · Accounts payable and accrued expenses

beginning of year $2,360 · end of year $4,868

19 · Deferred revenue

beginning of year $347,426 · end of year $88,000

24 · Unsecured notes and loans payable

beginning of year $467,745 · end of year $375,645

27 · Net assets without donor restrictions

beginning of year $2,537,784 · end of year $2,378,866