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← FIRST TEE OF MIAMI-DADE FOUNDATION INC

Form 990 for tax year 2023

Filed by FIRST TEE OF MIAMI-DADE FOUNDATION INC.

Totals

Total revenue
$346,298
Total expenses
$741,104
Contributions and grants received
$343,245
Grants paid
$712,000
Program service revenue
$0
Investment income
$3,053
Other revenue
$0
Total assets, end of year
$140,389
Total liabilities, end of year
$5,559
Net assets or fund balances, end of year
$134,830
Program services expenses (Part IX)
$712,000
Management and general expenses
$29,104
Fundraising expenses
$0
Program service expenses (Part III)
$712,000

Program services were 96.1% 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)

    $337,500

  • 1f · All other contributions, gifts and grants

    $5,745

  • 3 · Investment income

    total $3,053 · related or exempt $3,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $712,000 · program services $712,000

  • 11b · Fees: legal

    total $25,000 · management and general $25,000

  • 11c · Fees: accounting

    total $4,034 · management and general $4,034

  • 11g · Fees: other

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,248 · end of year $8,389

  • 2 · Savings and temporary cash investments

    beginning of year $506,913 · end of year $132,000

  • 25 · Other liabilities

    beginning of year $525 · end of year $5,559

  • 31 · Retained earnings, endowment or other funds

    beginning of year $529,636 · end of year $134,830

Mission and programs · 2023

Mission

ITS MISSION IS TO IMPACT THE LIVES OF YOUNG PEOPLE AROUND THE WORLD BY CREATING AFFORDABLE AND ACCESSIBLE GOLF FACILITIES TO PRIMARILY SERVE THOSE WHO HAVE NOT PREVIOUSLY HAD EXPOSURE TO THE GAME AND ITS POSITIVE VALUES. OUR GOAL IS TO PROVIDE THE FACILITIES AND EXPERIENCES THAT WILL ENABLE KIDS FROM EVERY WALK OF LIFE TO PARTAKE OF A GAME THAT TEACHES VALUES FOR LIFE AND WHICH CAN BE PLAYED FOR A LIFETIME.

Activities or mission (Part I)

IMPACTING THE LIVES OF YOUNG PEOPLE, BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

  • FUNDING OF DADE AMATEUR GOLF ASSOCIATION TO SUPPORT ORGANIZATION'S MISSION.

    Expenses $712,000 · Grants $712,000 · Revenue $230,745

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

Listed in Part VII

  • David Banks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Baumgard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Burlington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Elias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles De Lucca III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Korge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Tomek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Wohl

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 June 2024
IRS schema version
2023v5.0
Source object
202403129349301555

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