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Nonprofiteer
← SANCTUARY GOLF CLUB FOUNDATION INC

Form 990 for tax year 2023

Filed by SANCTUARY GOLF CLUB FOUNDATION INC.

Totals

Total revenue
$685,431
Total expenses
$754,233
Contributions and grants received
$667,229
Grants paid
$722,357
Program service revenue
$0
Investment income
$30,898
Other revenue
-$12,696
Total assets, end of year
$464,799
Total liabilities, end of year
$287,629
Net assets or fund balances, end of year
$177,170
Program services expenses (Part IX)
$724,221
Management and general expenses
$15,675
Fundraising expenses
$14,337
Program service expenses (Part III)
$724,221

Program services were 96.0% 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

    $561,280

  • 1f · All other contributions, gifts and grants

    $105,949

  • 1g · Noncash contributions included above

    $19,600

  • 3 · Investment income

    total $17,096 · excluded $17,096

  • 7a · Gross sales of assets other than inventory

    securities $179,146

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

    securities $165,344

  • 7c · Gain or loss

    securities $13,802

  • 7d · Net gain or loss

    total $13,802 · excluded $13,802

  • 8a · Fundraising events: gross income

    $48,850

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

    $561,280

  • 8b · Fundraising events: direct expenses

    $61,546

  • 8c · Net income from fundraising events

    total -$12,696

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $698,500 · program services $698,500

  • 2 · Grants to domestic individuals

    total $23,857 · program services $23,857

  • 7 · Other salaries and wages

    total $14,676 · management and general $7,338 · fundraising $7,338

  • 10 · Payroll taxes

    total $1,184 · management and general $592 · fundraising $592

  • 11g · Fees: other

    total $5,650 · program services $1,864 · management and general $1,865 · fundraising $1,921

  • 12 · Advertising and promotion

    total $687 · management and general $344 · fundraising $343

  • 13 · Office expenses

    total $8,361 · management and general $4,218 · fundraising $4,143

  • 23 · Insurance

    total $1,318 · management and general $1,318

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $316,177 · end of year $464,799

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,300

  • 18 · Grants payable

    beginning of year $56,980 · end of year $286,995

  • 25 · Other liabilities

    beginning of year $2 · end of year $634

  • 27 · Net assets without donor restrictions

    beginning of year $259,895 · end of year $177,170

Mission and programs · 2023

Mission

THE SANCTUARY GOLF CLUB FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE PRINCIPAL PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES WITHIN THE SANIBEL AND CAPTIVA ISLAND, FLORIDA COMMUNITY, INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVIEW CODE OF 1986, AS AMENDED (OR CORRESPONDING PROVISION OF ANY FUTURE LAW OF THE INTERNAL REVENUE SERVICE OR DEPARTMENT OF TREASURY) (THE "CODE"). TO PROVIDE NEEDS BASED ASSISTANCE TO INDIVIDUALS AND FAMILIES IN ACCORDANCE WITH A PROGRAM, POLICIES AND PROCEDURES ADOPTED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. IN ADDITION, TO PROVIDE SCHOLARSHIPS TO THOSE WHO QUALIFY IN ACCORDANCE WITH THE PROGRAM ADOPTED BY THE BOARD OF DIRECTORS.

  • TO PROVIDE GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE AND THAT SPECIFICALLY FOCUS ON HUMAN NEED AMONGST THE RESIDENTS AND WORKERS WITHIN THE SANIBEL AND CAPTIVA ISLAND, FLORIDA COMMUNITY; AND TO PROVIDE NEEDS BASED ASSISTANCE TO INDIVIDUALS AND FAMILIES IN ACCORDANCE WITH A PROGRAM, POLICIES AND PROCEDURES ADOPTED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. IN ADDITION, TO PROVIDE SCHOLARSHIPS TO THOSE WHO QUALIFY IN ACCORDANCE WITH THE PROGRAM ADOPTED BY THE BOARD OF GOVERNORS.

    Expenses $724,221 · Grants $722,357

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

Listed in Part VII

  • Steve Klug

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jim Pouliot

    V. PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Lisa Schmidlin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Charlie Sheetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dan Stegmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kathy Wiesemann

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

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
29 January 2025
IRS schema version
2023v6.0
Source object
202530439349301758

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