Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $60,000

• 2a · Program service revenue: ARNOLD PALMER INVITATIONAL

  total $39,259,797 · related or exempt $39,259,797

• 3 · Investment income

  total $162,180 · excluded $162,180

• 7a · Gross sales of assets other than inventory

  securities $6,996,683

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

  securities $7,082,025

• 7c · Gain or loss

  securities -$85,342

• 7d · Net gain or loss

  total -$85,342 · excluded -$85,342

• 11a · Other revenue: MISC REVENUE

  total $50,446 · related or exempt $50,446

• 11e · Other revenue, total

  $50,446

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,460,385 · program services $1,460,385

• 5 · Compensation of officers, directors and key employees

  total $346,472 · management and general $346,472

• 7 · Other salaries and wages

  total $1,205,936 · management and general $1,205,936

• 9 · Other employee benefits

  total $224,828 · management and general $224,828

• 11b · Fees: legal

  total $120,320 · management and general $120,320

• 11f · Fees: investment management

  total $15,610 · management and general $15,610

• 12 · Advertising and promotion

  total $5,896,279 · program services $5,896,279

• 13 · Office expenses

  total $105,760 · program services $44,487 · management and general $61,273

• 14 · Information technology

  total $136,928 · program services $93,034 · management and general $43,894

• 16 · Occupancy

  total $174,000 · program services $108,825 · management and general $65,175

• 17 · Travel

  total $64,374 · management and general $64,374

• 19 · Conferences, conventions and meetings

  total $6,250 · program services $6,250

• 23 · Insurance

  total $45,408 · management and general $45,408

• 24a · Other expenses: PLAYER PRIZE FUND

  total $20,000,000 · program services $20,000,000

• 24b · Other expenses: TOURNAMENT HOSPITALITY

  total $4,529,336 · program services $4,529,336

• 24c · Other expenses: GOLF FACILITY COSTS

  total $2,504,937 · program services $2,504,937

• 24d · Other expenses: GOLF TOURNAMENT EXPENSE

  total $2,441,138 · management and general $2,441,138

• 24e · All other expenses

  total $1,343,233 · program services $1,343,233

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,721,115 · end of year $4,460,434

• 4 · Accounts receivable

  beginning of year $1,603,532 · end of year $486,703

• 8 · Inventories for sale or use

  beginning of year $14,747,272 · end of year $14,747,272

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,758 · end of year $15,025

• 11 · Investments: publicly traded securities

  beginning of year $2,185,037 · end of year $3,662,534

• 17 · Accounts payable and accrued expenses

  beginning of year $1,138,912 · end of year $552,936

• 19 · Deferred revenue

  beginning of year $247,250 · end of year $5,000

• 27 · Net assets without donor restrictions

  beginning of year $23,885,552 · end of year $22,814,032

The filer's explanations (Part III)

SCH J, PART II

KEN BOEHNER IS A LEASED EMPLOYEE FROM BAY HILL (AN UNRELATED ORGANIZATION). ARNIE'S ARMY CHARITABLE FOUNDATION, INC. PAYS FOR HIS USE. PAYMENTS ARE INCLUDED ON THE SCHEDULE L.