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← ROBERT TRENT JONES GOLF TRAIL FOUNDATION

Form 990 for tax year 2023

Filed by ROBERT TRENT JONES GOLF TRAIL FOUNDATION.

Totals

Total revenue
$832,024
Total expenses
$678,098
Contributions and grants received
$124,815
Grants paid
$91,815
Program service revenue
$707,209
Investment income
$0
Other revenue
$0
Total assets, end of year
$806,476
Total liabilities, end of year
$264,165
Net assets or fund balances, end of year
$542,311
Program services expenses (Part IX)
$658,142
Management and general expenses
$19,956
Fundraising expenses
$0
Program service expenses (Part III)
$658,142

Program services were 97.1% 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.

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $24,815

  • 2a · Program service revenue: TOURISM MARKETING FEE

    total $400,000 · related or exempt $400,000

  • 2b · Program service revenue: PUBLIC TICKET SALES

    total $153,500 · related or exempt $153,500

  • 2c · Program service revenue: PRO-AMS

    total $125,000 · related or exempt $125,000

  • 2d · Program service revenue: SKYBOX #18 SPONSOR

    total $14,000 · related or exempt $14,000

  • 2e · Program service revenue: HOLE SPONSORSHIP

    total $10,500 · related or exempt $10,500

  • 2f · All other program service revenue

    total $4,209 · related or exempt $4,209

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,815 · program services $91,815

  • 11a · Fees: management

    total $55,000 · program services $55,000

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 17 · Travel

    total $6,403 · program services $6,403

  • 24a · Other expenses: PURSE MONEY

    total $187,598 · program services $187,598

  • 24b · Other expenses: MISC OPERATIONS EXPENSE

    total $111,250 · program services $109,294 · management and general $1,956

  • 24c · Other expenses: PARTIES AND GIFTS

    total $82,298 · program services $82,298

  • 24d · Other expenses: FOOD AND BEVERAGE

    total $70,022 · program services $70,022

  • 24e · All other expenses

    total $55,712 · program services $55,712

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,861 · end of year $350,593

  • 4 · Accounts receivable

    beginning of year $318,121 · end of year $455,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,097 · end of year $252,665

  • 19 · Deferred revenue

    beginning of year $11,500 · end of year $11,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $388,385 · end of year $542,311

Mission and programs · 2023

Mission

TO SPONSOR PROFESSIONAL GOLF TOURNAMENTS AND RELATED EVENTS TO BE HELD AT ANY ONE OR MORE OF THE GOLF COURSES. TOURNAMENT PROCEEDS SHALL BE DONATED TO CHARITIES LOCATED IN ALABAMA.

  • TO SPONSOR PROFESSIONAL GOLF TOURNAMENTS AND RELATED EVENTS TO BE HELD AT ANY ONE OR MORE OF THE GOLF COURSES. PROCEEDS SHALL BE DONATED TO CHARITIES LOCATED IN ALABAMA.

    Expenses $658,142 · Grants $91,815 · Revenue $707,209

As filed on the 2023 return.

Listed in Part VII

  • John Cannon

    DIRECTOR/PRESIDENT

    Total calculated
    $95,001
    From this org
    $0
    From related orgs
    $95,001
    Other
    $0
    Hours/week
    1

  • Mike Beverly

    VICE PRESIDENT

    Total calculated
    $249,996
    From this org
    $0
    From related orgs
    $249,996
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $249,996 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $249,996 related

  • Landon Shelby

    TREASURER/SECRETARY

    Total calculated
    $165,000
    From this org
    $0
    From related orgs
    $165,000
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $165,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $165,000 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

  • BIG OAK RANCH

    $6,980

    TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE OPPORTUNITIES AND A RESIDENCE FOR BOYS AND GIRLS.

  • CHILDRENS HOSPITAL

    $6,160

    TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SPECIALTY ACUTE-CARE INPATIENT AND OUTPATIENT MEDICAL SERVICES TO PEDIATRIC PATIENTS.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SUNBELT GOLF CORPORATION

    C · PUBLIC GOLF COURSE · AL

Provenance

Return type
form_990
Tax year
2023
Filed
19 June 2024
IRS schema version
2023v5.1
Source object
202411739349301106

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