Skip to content
Nonprofiteer
← ASTROS GOLF FOUNDATION

Form 990 for tax year 2024

Filed by ASTROS GOLF FOUNDATION.

Totals

Total revenue
$34,747,994
Total expenses
$33,814,722
Contributions and grants received
$22,386,659
Grants paid
$4,775,713
Program service revenue
$11,529,941
Investment income
$831,394
Other revenue
$0
Total assets, end of year
$25,870,775
Total liabilities, end of year
$18,932,855
Net assets or fund balances, end of year
$6,937,920
Program services expenses (Part IX)
$33,814,722
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$33,814,722

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $22,386,659

  • 2a · Program service revenue: HOUSTON OPEN

    total $11,529,941 · related or exempt $11,529,941

  • 3 · Investment income

    total $831,394 · excluded $831,394

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,775,713 · program services $4,775,713

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $539,147 · program services $539,147

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $428,027 · program services $428,027

  • 8 · Pension plan contributions

    total $21,162 · program services $21,162

  • 9 · Other employee benefits

    total $99,260 · program services $99,260

  • 10 · Payroll taxes

    total $60,026 · program services $60,026

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $89,206 · program services $89,206

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $464,980 · program services $464,980

  • 13 · Office expenses

    total $116,455 · program services $116,455

  • 14 · Information technology

    total $66,394 · program services $66,394

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $39,749 · program services $39,749

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,145 · program services $2,145

  • 23 · Insurance

    total $98,387 · program services $98,387

  • 24a · Other expenses: TOUR EXPENSES

    total $17,764,071 · program services $17,764,071

  • 24b · Other expenses: TELEVISION FEES

    total $8,250,000 · program services $8,250,000

  • 24c · Other expenses: COURSE FEES

    total $1,000,000 · program services $1,000,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,801,873 · end of year $5,859,205

  • 2 · Savings and temporary cash investments

    beginning of year $19,040,512 · end of year $15,371,768

  • 3 · Pledges and grants receivable

    beginning of year $220,000 · end of year $5,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $7,459

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $75,513 · end of year $136,065

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,705,636 · end of year $4,491,278

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

    $32,731

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

    $32,731

  • 10c · Land, buildings and equipment, net

    beginning of year $2,145 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,062 · end of year $308,776

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $21,622,969 · end of year $18,624,079

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,671,265 · end of year $5,690,715

  • 28 · Net assets with donor restrictions

    beginning of year $1,333,383 · end of year $1,247,205

Mission and programs · 2024

Mission

TO ENSURE THE PGA TOUR'S HOUSTON OPEN CONTINUES TO INFLUENCE THE HOUSTON COMMUNITY IN A POSITIVE MANNER. TO HELP FOSTER THE GAME OF GOLF TO THE YOUTH AND UNDERPRIVILEDGED INDIVIDUALS IN THE HOUSTON COMMUNITY.

Activities or mission (Part I)

ENRICHING THE LIVES OF HOUSTONIANS AND EMPOWERING THE COMMUNITY THROUGH GOLF

  • PGA PRO GOLF TOURNAMENT, THE HOUSTON OPEN, WAS PLAYED MARCH 28-31, 2024. THE EVENT RAISED FUNDS FOR 501(C)(3) CHARITIES IN THE HOUSTON AREA. THE HOUSTON OPEN ACTIVITY INCLUDES THE HOUSTON PRO-AM AND THE HOUSTON JUNIOR PRO-AM EVENTS.

    Expenses $33,814,722 · Grants $4,775,713 · Revenue $11,529,941

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian White

    SALES MANAGER

    Total calculated
    $473,671
    From this org
    $439,147
    From related orgs
    $0
    Other
    $34,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,500
    Bonus
    $320,647
    Other
    not reported
    Deferred
    $11,500
    Nontaxable benefits
    $23,024
    Filer's total
    $473,671

  • Giles Kibbe

    PRESIDENT

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 10 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $100,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $100,000

  • James R Crane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jared Crane

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Slaughter

    TREASURER & DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202533219349310293

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.