Form 990 for tax year 2022

1e · Government grants (contributions)

$1,500,000

1f · All other contributions, gifts and grants

$153,409

2a · Program service revenue: SPECIAL EVENTS

total $4,554,447 · related or exempt $4,554,447

3 · Investment income

total $11,561 · excluded $11,561

7a · Gross sales of assets other than inventory

securities $3,876

7b · Less cost or other basis and sales expenses

securities $0

7c · Gain or loss

securities $3,876

7d · Net gain or loss

total $3,876 · excluded $3,876

11a · Other revenue: FEDERAL EMPLOYMENT TAX

total $73,063 · excluded $73,063

11e · Other revenue, total

$73,063

1 · Grants to domestic organizations and governments

total $675,378 · program services $675,378

5 · Compensation of officers, directors and key employees

total $208,000 · management and general $208,000

7 · Other salaries and wages

total $356,017 · management and general $356,017

9 · Other employee benefits

total $12,009 · management and general $12,009

10 · Payroll taxes

total $41,550 · management and general $41,550

11b · Fees: legal

total $20,747 · management and general $20,747

11c · Fees: accounting

total $11,625 · management and general $11,625

11g · Fees: other

total $16,251 · management and general $16,251

12 · Advertising and promotion

total $193,816 · program services $193,816

13 · Office expenses

total $17,463 · management and general $17,463

16 · Occupancy

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

17 · Travel

total $84,252 · management and general $84,252

20 · Interest

total $1,673 · management and general $1,673

22 · Depreciation, depletion and amortization

total $23,411 · program services $22,475 · management and general $936

23 · Insurance

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

24a · Other expenses: PUBLIC AND PLAYER RELAT

total $1,281,034 · program services $1,281,034

24b · Other expenses: TOURNAMENT OPERATIONS

total $927,118 · program services $927,118

24c · Other expenses: SOCIAL AND FOOD

total $437,793 · program services $437,793

24d · Other expenses: GOLF COURSE

total $222,960 · program services $222,960

24e · All other expenses

total $228,748 · program services $183,136 · management and general $45,612

1 · Cash, non-interest-bearing

beginning of year $502,792 · end of year $711,451

2 · Savings and temporary cash investments

beginning of year $67,605 · end of year $440,863

4 · Accounts receivable

beginning of year $31,800 · end of year $1,022,200

9 · Prepaid expenses and deferred charges

beginning of year $8,320 · end of year $112,241

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

$1,470,075

10b · Land, buildings and equipment: accumulated depreciation

$740,696

10c · Land, buildings and equipment, net

beginning of year $257,435 · end of year $729,379

11 · Investments: publicly traded securities

beginning of year $383,799 · end of year $334,794

15 · Other assets

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

17 · Accounts payable and accrued expenses

beginning of year $18,293 · end of year $2,360

19 · Deferred revenue

beginning of year $177,638 · end of year $347,426

24 · Unsecured notes and loans payable

end of year $467,745

27 · Net assets without donor restrictions

beginning of year $1,060,207 · end of year $2,537,784