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← IOWA GOLF ASSOCIATION FOUNDATION

Form 990 for tax year 2022

Filed by IOWA GOLF ASSOCIATION FOUNDATION.

Totals

Total revenue
$1,025,930
Total expenses
$102,142
Contributions and grants received
$990,035
Grants paid
$51,000
Program service revenue
$11,851
Investment income
$23,303
Other revenue
$741
Total assets, end of year
$2,376,209
Total liabilities, end of year
$41,622
Net assets or fund balances, end of year
$2,334,587
Program services expenses (Part IX)
$82,923
Management and general expenses
$9,141
Fundraising expenses
$10,078
Program service expenses (Part III)
$82,923

Program services were 81.2% 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

    $25,617

  • 1d · Related organizations

    $10,955

  • 1f · All other contributions, gifts and grants

    $953,463

  • 1g · Noncash contributions included above

    $55,210

  • 2a · Program service revenue: YOUTH ON COURSE MEMBER

    total $9,495 · related or exempt $9,495

  • 2b · Program service revenue: HALL OF FAME INDUCTION

    total $2,356 · related or exempt $2,356

  • 3 · Investment income

    total $26,931 · excluded $26,931

  • 7a · Gross sales of assets other than inventory

    securities $51,582

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

    securities $55,210

  • 7c · Gain or loss

    securities -$3,628

  • 7d · Net gain or loss

    total -$3,628 · excluded -$3,628

  • 8a · Fundraising events: gross income

    $8,622

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

    $25,617

  • 8b · Fundraising events: direct expenses

    $7,881

  • 8c · Net income from fundraising events

    total $741 · excluded $741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,000 · program services $9,000

  • 2 · Grants to domestic individuals

    total $42,000 · program services $42,000

  • 11a · Fees: management

    total $15,000 · program services $5,000 · management and general $5,000 · fundraising $5,000

  • 11c · Fees: accounting

    total $700 · management and general $700

  • 11f · Fees: investment management

    total $2,568 · management and general $2,568

  • 13 · Office expenses

    total $4,468 · program services $322 · management and general $203 · fundraising $3,943

  • 14 · Information technology

    total $670 · management and general $670

  • 17 · Travel

    total $324 · fundraising $324

  • 22 · Depreciation, depletion and amortization

    total $286 · program services $286

  • 24a · Other expenses: YOUTH ON COURSE EXP

    total $20,329 · program services $20,329

  • 24b · Other expenses: HALL OF FAME INDUCTION

    total $5,562 · program services $5,562

  • 24c · Other expenses: PARTNERS PROGRAM FULLFI

    total $541 · fundraising $541

  • 24d · Other expenses: SCHOLARSHIP PLAQUES

    total $424 · program services $424

  • 24e · All other expenses

    total $270 · fundraising $270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,475 · end of year $4,396

  • 2 · Savings and temporary cash investments

    beginning of year $904,563 · end of year $1,768,015

  • 4 · Accounts receivable

    beginning of year $7,775

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

    $105,059

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

    $3,343

  • 10c · Land, buildings and equipment, net

    beginning of year $2,000 · end of year $101,716

  • 12 · Investments: other securities

    beginning of year $578,604 · end of year $490,405

  • 15 · Other assets

    beginning of year $11,862 · end of year $11,677

  • 17 · Accounts payable and accrued expenses

    beginning of year $18 · end of year $41,622

  • 27 · Net assets without donor restrictions

    beginning of year $63,458 · end of year $66,194

  • 28 · Net assets with donor restrictions

    beginning of year $1,444,803 · end of year $2,268,393

Mission and programs · 2022

Mission

THE IOWA GOLF ASSOCIATION FOUNDATION IS THE CHARITABLE FOUNDATION OF THE IOWA GOLF ASSOCIATION WHICH IS THE GOVERNING BODY FOR AMATEUR GOLF IN THE STATE OF IOWA. THESE ORGANIZATIONS WORK TO PRESERVE, PROTECT AND PROMOTE THE BEST INTERESTS AND SPIRIT OF THE GAME OF GOLF FOR THE CONTINUED ENJOYMENT OF THOSE WHO LOVE AND PLAY IT.

Activities or mission (Part I)

THE IOWA GOLF ASSOCIATION FOUNDATION PRESERVES, PROTECTS AND PROMOTES THE BEST INTERESTS AND SPIRIT OF THE GAME OF GOLF. IT'S MOST SIGNIFICANT ACTIVITIES ARE THE GENERATION OF TAX DEDUCTIBLE CONTRIBUTIONS TO FUND ITS CHARITABLE PURPOSES WHICH INCLUDE THE GRANTING OF COLLEGE SCHOLARSHIPS, ADMINISTERING THE IOWA GOLF HALL OF FAME AND SUPPORTING JUNIOR GOLF, TURFGRASS RESEARCH, AND OTHER PROGRAMS.

  • AWARD HERMAN SANI COLLEGE SCHOLARSHIPS - FOUR 4-YEAR SCHOLARSHIPS ARE AWARDED EACH YEAR.AWARD ANN GRIFFEL COLLEGE SCHOLARSHIPS - FIVE 1-YEAR SCHOLARSHIPS ARE AWARDED EACH YEAR.

    Expenses $44,574 · Grants $42,000

  • IOWA GOLF HALL OF FAME - APPROXIMATELY 100 PEOPLE ATTENDED THE 2022 INDUCTION CEREMONY WHERE THREE NEW MEMBERS WERE INDUCTED.

    Expenses $8,020 · Revenue $2,356

  • THE ORGANIZATION MADE GRANTS TO SUPPORT TURFGRASS RESEARCH AND JUNIOR GOLF PROGRAMS. THE ORGANIZATION'S YOUTH ON COURSE JUNIOR GOLF PROGRAM RECEIVED MEMBERSHIP REVENUE FROM 559 MEMBERS AND PAID SUBSIDIES FOR 3,181 ROUNDS OF GOLF AT 34 PARTICIPATING GOLF COURSES IN 2022.

    Expenses $30,329 · Grants $9,000 · Revenue $9,495

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE JERMIER

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLES TAYLOR

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GAMBAIANA

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MATOVINA

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE KLEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • MIKE PURCELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ANDY BURTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LEIGHANN LAROCCA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RON VAN BUSKIRK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHAD PITTS

    EXECUTIVE DIRECTOR

    Total calculated
    $99,910
    From this org
    $0
    From related orgs
    $97,000
    Other
    $2,910
    Hours/week
    5 + 35 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.

Grants on this return

No itemized grants to organizations 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.

  • IOWA GOLF ASSOCIATION

    501(C)(4) · GOVERN AND PROMOTE AMATEUR GOLF IN IOWA · IA

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303079349302635

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