Form 990 for tax year 2024
Filed by VSGA-VIP SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $447,895
- Total expenses
- $233,397
- Contributions and grants received
- $371,820
- Grants paid
- $169,500
- Program service revenue
- $0
- Investment income
- $76,075
- Other revenue
- $0
- Total assets, end of year
- $3,686,454
- Total liabilities, end of year
- $10,160
- Net assets or fund balances, end of year
- $3,676,294
- Program services expenses (Part IX)
- $189,205
- Management and general expenses
- $44,192
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $189,205
Program services were 81.1% 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.
-
1d · Related organizations
$198,863
-
1f · All other contributions, gifts and grants
$172,957
-
3 · Investment income
total $67,362 · excluded $67,362
-
7a · Gross sales of assets other than inventory
securities $689,046
-
7b · Less cost or other basis and sales expenses
securities $680,333
-
7c · Gain or loss
securities $8,713
-
7d · Net gain or loss
total $8,713 · excluded $8,713
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $169,500 · program services $169,500
-
11a · Fees: management
total $28,000 · management and general $28,000
-
11c · Fees: accounting
total $5,350 · management and general $5,350
-
11f · Fees: investment management
total $10,614 · management and general $10,614
-
13 · Office expenses
total $189 · program services $189
-
14 · Information technology
total $6,803 · program services $6,803
-
19 · Conferences, conventions and meetings
total $9,748 · program services $9,748
-
24a · Other expenses: SUPPLIES
total $2,965 · program services $2,965
-
24b · Other expenses: LICENSES
total $225 · management and general $225
-
24c · Other expenses: BANK CHARGES
total $3 · management and general $3
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $204,761 · end of year $418,840
-
3 · Pledges and grants receivable
end of year $103,000
-
9 · Prepaid expenses and deferred charges
beginning of year $3,833 · end of year $5,053
-
11 · Investments: publicly traded securities
beginning of year $2,911,185 · end of year $3,138,975
-
15 · Other assets
beginning of year $44,515 · end of year $20,586
-
18 · Grants payable
beginning of year $23,527 · end of year $10,160
-
27 · Net assets without donor restrictions
beginning of year $2,882,655 · end of year $3,280,257
-
28 · Net assets with donor restrictions
beginning of year $258,112 · end of year $396,037
Mission and programs · 2024
Mission
TO PROVIDE COLLEGE SCHOLARSHIPS TO AMATEUR GOLFERS BASED UPON ACADEMIC EXCELLENC, ECONOMIC NEED, AND SUPPORT AND CONNECTION TO GOLF IN VIRGINIA.
-
THE FOUNDATION AWARDED SCHOLARSHIPS TO AMATEUR GOLFERS WHO ARE VIRGINIA RESIDENTS ATTENDING COLLEGE BASED UPON ACADEMIC EXCELLENCE, ECONOMIC NEED, AND SUPPORT OF GOLF IN VIRGINIA.
Expenses $189,205 · Grants $169,500
As filed on the 2024 return.
Listed in Part VII
-
Joan GardnerJOAN GARDNER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Somsak ChivavibulSOMSAK CHIVAVIBUL
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
Jack WalkerJACK WALKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Mason DiricksonMASON DIRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne GreeverANNE GREEVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
Craig GroenendaalCRAIG GROENENDAAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
Kristine ClitesKRISTINE CLITES
DIRECTOR
- Total calculated
- $72,095
- From this org
- $0
- From related orgs
- $68,129
- Other
- $3,966
- Hours/week
- 2
-
Elizabeth BrightwellELIZABETH BRIGHTWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
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.
-
VIRGINIA STATE GOLF ASSOCIATION
501(C)(3) · GOLF PROMOTION IN VIRGINIA · VA
Directly controlled by VIRGINIA STATE GOLF ASSOCIATION
-
VIRGINIA GOLF HALL OF FAME INC
501(C)(3) · EDUCATION OF GOLF HISTORY · VA
Directly controlled by VIRGINIA STATE GOLF ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202521979349300422
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