Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $502,500

• 1e · Government grants (contributions)

  $64,000

• 1f · All other contributions, gifts and grants

  $464,260

• 1g · Noncash contributions included above

  $42,810

• 2a · Program service revenue: Utah Championship Golf

  total $304,474 · related or exempt $304,474

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $536,090 · excluded $536,090

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $76,948

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

  $502,500

• 8b · Fundraising events: direct expenses

  $285,238

• 8c · Net income from fundraising events

  total -$208,290 · excluded -$208,290

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $115,000 · program services $115,000

• 5 · Compensation of officers, directors and key employees

  total $304,884 · program services $183,016 · management and general $91,508 · fundraising $30,360

• 7 · Other salaries and wages

  total $472,402 · program services $343,306 · management and general $111,541 · fundraising $17,555

• 8 · Pension plan contributions

  total $39,826 · program services $28,892 · management and general $9,429 · fundraising $1,505

• 9 · Other employee benefits

  total $17,763 · program services $13,572 · management and general $4,191

• 10 · Payroll taxes

  total $42,377 · program services $28,907 · management and general $10,958 · fundraising $2,512

• 11b · Fees: legal

  total $15,603 · program services $13,322 · management and general $2,281

• 11c · Fees: accounting

  total $53,007 · management and general $53,007

• 11f · Fees: investment management

  total $18,394 · management and general $18,394

• 11g · Fees: other

  total $91,571 · program services $85,846 · management and general $0 · fundraising $5,725

• 12 · Advertising and promotion

  total $89,017 · program services $89,017

• 13 · Office expenses

  total $32,731 · program services $13,282 · management and general $19,227 · fundraising $222

• 14 · Information technology

  total $10,603 · management and general $10,603

• 16 · Occupancy

  total $147,658 · management and general $147,658

• 17 · Travel

  total $53,709 · program services $50,856 · management and general $2,321 · fundraising $532

• 19 · Conferences, conventions and meetings

  total $1,986 · management and general $1,737 · fundraising $249

• 22 · Depreciation, depletion and amortization

  total $6,753 · management and general $6,753

• 23 · Insurance

  total $9,907 · program services $2,288 · management and general $7,420 · fundraising $199

• 24a · Other expenses: Sport Sponsorship

  total $1,182,750 · program services $1,182,750

• 24b · Other expenses: Tournament Expenses

  total $706,269 · program services $706,269

• 24c · Other expenses: Olympic Exploratory Expense

  total $118,149 · program services $118,149

• 24d · Other expenses: Donated Goods

  total $42,810 · program services $42,810

• 24e · All other expenses

  total $25,823 · program services $1,150 · management and general $13,353 · fundraising $11,320

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $9,288,670 · end of year $1,866,325

• 3 · Pledges and grants receivable

  beginning of year $254,461 · end of year $494,727

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $45,980 · end of year $34,622

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

  $167,445

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

  $140,395

• 10c · Land, buildings and equipment, net

  beginning of year $36,698 · end of year $27,050

• 11 · Investments: publicly traded securities

  beginning of year $967,994 · end of year $7,597,919

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $4,981,043 · end of year $3,746,011

• 17 · Accounts payable and accrued expenses

  beginning of year $426,889 · end of year $636,127

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 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 $1,513,120 · end of year $1,431,876

• 27 · Net assets without donor restrictions

  beginning of year $13,634,837 · end of year $11,698,651

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

The CEO received a non-fixed bonus payment based on his performance.