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Nonprofiteer
← HANNON CUP ASSOCIATION

Form 990 for tax year 2023

Filed by HANNON CUP ASSOCIATION.

Totals

Total revenue
$286,071
Total expenses
$140,349
Contributions and grants received
$285,290
Grants paid
$0
Program service revenue
$0
Investment income
$781
Other revenue
$0
Total assets, end of year
$128,300
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$128,300
Program services expenses (Part IX)
$104,817
Management and general expenses
$35,532
Fundraising expenses
$0
Program service expenses (Part III)
$104,817

Program services were 74.7% 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.

  • 1b · Membership dues

    $55,350

  • 1f · All other contributions, gifts and grants

    $229,940

  • 3 · Investment income

    total $781 · unrelated business $781

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $28,500 · management and general $28,500

  • 11c · Fees: accounting

    total $550 · management and general $550

  • 13 · Office expenses

    total $6,482 · management and general $6,482

  • 24a · Other expenses: HANNON TOURNAMENTS

    total $104,817 · program services $104,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,329 · end of year $128,300

  • 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 $73,329 · end of year $128,300

Mission and programs · 2023

Mission

RAISE FUNDS TO PROVIDE EDUCATIONAL FINANCIAL ASSISTANCE TO INDIVIDUALS WHO HAVE DEMONSTRATED AN INTEREST IN PURSUING A CAREER IN A GOLF RELATED FIELD.

Activities or mission (Part I)

CONDUCT GOLF COMPETITIONS TO FUND SCHOLARSHIPS

  • GRANTS TO SOUTHERN TEXAS PGA SCHOLARSHIP FUND

  • CONDUCT GOLF COMPETITIONS HONORING GEORGE HANNON

    Expenses $104,817

  • USGA EVENT QUALIFIERS

As filed on the 2023 return.

Listed in Part VII

  • Steve Termeer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joe Beck

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Trent Redfern

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Randi Long

    EXECUTIVE DIRECTOR

    Total calculated
    $28,500
    From this org
    $28,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202432899349302198

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