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← FOWNES FOUNDATION

Form 990 for tax year 2024

Filed by FOWNES FOUNDATION.

Totals

Total revenue
$974,014
Total expenses
$2,093,104
Contributions and grants received
$100,840
Grants paid
$2,050,000
Program service revenue
$0
Investment income
$801,847
Other revenue
$71,327
Total assets, end of year
$1,058,980
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,058,980
Program services expenses (Part IX)
$2,050,000
Management and general expenses
$43,104
Fundraising expenses
$0
Program service expenses (Part III)
$2,050,000

Program services were 97.9% 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

    $4,500

  • 1f · All other contributions, gifts and grants

    $96,340

  • 3 · Investment income

    total $44,929 · excluded $44,929

  • 5 · Royalties

    total $149 · excluded $149

  • 6a · Gross rents

    real property $7,800

  • 6b · Less rental expenses

    real property $28,170

  • 6c · Rental income or loss

    real property -$20,370

  • 6d · Net rental income or loss

    total -$20,370 · excluded -$20,370

  • 7a · Gross sales of assets other than inventory

    other assets $2,475,863

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

    other assets $1,718,945

  • 7c · Gain or loss

    other assets $756,918

  • 7d · Net gain or loss

    total $756,918 · excluded $756,918

  • 8a · Fundraising events: gross income

    $150,000

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

    $4,500

  • 8b · Fundraising events: direct expenses

    $62,658

  • 8c · Net income from fundraising events

    total $87,342 · excluded $87,342

  • 10a · Gross sales of inventory

    $7,411

  • 10b · Cost of goods sold

    $3,205

  • 10c · Net income from sales of inventory

    total $4,206 · related or exempt $4,206

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,050,000 · program services $2,050,000

  • 7 · Other salaries and wages

    total $19,821 · management and general $19,821

  • 11c · Fees: accounting

    total $13,410 · management and general $13,410

  • 13 · Office expenses

    total $1,084 · management and general $1,084

  • 17 · Travel

    total $100 · management and general $100

  • 23 · Insurance

    total $1,500 · management and general $1,500

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $4,377 · management and general $4,377

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,862 · management and general $1,862

  • 24c · Other expenses: BAD DEBT

    total $800 · management and general $800

  • 24d · Other expenses: TAXES & LICENSES

    total $150 · management and general $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $253,096 · end of year $819,428

  • 4 · Accounts receivable

    beginning of year $3,302 · end of year $23,465

  • 8 · Inventories for sale or use

    beginning of year $79,241 · end of year $76,036

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,718,945

  • 11 · Investments: publicly traded securities

    beginning of year $2,899 · end of year $3,119

  • 15 · Other assets

    beginning of year $131,481 · end of year $136,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,620 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,157,344 · end of year $1,058,980

  • 28 · Net assets with donor restrictions

    beginning of year $15,000 · end of year $0

Mission and programs · 2024

Mission

DEDICATED TO THE RESTORATION, PRESERVATION, AND COMMEMORATION OF NATIONALLY RECOGNIZED, HISTORICALLY SIGNIFICANT GOLF SITES IN THE UNITED STATES.

Activities or mission (Part I)

TO RESTORE AND PRESERVE NATIONALLY RECOGNIZED, HISTORICALLY SIGNIFICANT GOLF SITES.

  • PROJECT TO RESTORE AND PRESERVE A HISTORICALLY SIGNIFICANT GOLF COURSE.

    Expenses $2,050,000 · Grants $2,050,000 · Revenue $4,206

As filed on the 2024 return.

Listed in Part VII

  • C William Griffin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Robert H Shoop Jr

    VICE PRESIDENT & SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Michael Sriprasert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • G Nicholas Beckwith III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carol Semple Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Clark Fownes MacKenzie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christopher Donohue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Fownes Blue Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Courtney Myhrum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Murphy

    BOARD MEMBER

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503119349303420

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