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Nonprofiteer
← DIAMANTE FIRST TEE FOUNDATION

Form 990 for tax year 2025

Filed by DIAMANTE FIRST TEE FOUNDATION.

Totals

Total revenue
$398,646
Total expenses
$496,144
Contributions and grants received
$384,751
Grants paid
$0
Program service revenue
$0
Investment income
$19,076
Other revenue
-$5,181
Total assets, end of year
$460,979
Total liabilities, end of year
$3,158
Net assets or fund balances, end of year
$457,821
Program services expenses (Part IX)
$477,144
Management and general expenses
$19,000
Fundraising expenses
$0
Program service expenses (Part III)
$477,144

Program services were 96.2% 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

    $384,751

  • 3 · Investment income

    total $19,076 · related or exempt $19,076

  • 8a · Fundraising events: gross income

    -$5,181

  • 8c · Net income from fundraising events

    total -$5,181

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,959 · management and general $12,959

  • 12 · Advertising and promotion

    total $23,245 · program services $23,245

  • 13 · Office expenses

    total $38 · management and general $38

  • 22 · Depreciation, depletion and amortization

    total $3,781 · program services $3,781

  • 24a · Other expenses: GOLF EXPENSE

    total $171,639 · program services $171,639

  • 24b · Other expenses: PROGRAM EXPENSE

    total $169,496 · program services $169,496

  • 24c · Other expenses: PROGRAM-FOOD & BEVERAGE

    total $87,165 · program services $87,165

  • 24d · Other expenses: LODGING &TRANSPORT

    total $15,852 · program services $15,852

  • 24e · All other expenses

    total $11,969 · program services $5,966 · management and general $6,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,669 · end of year $116,667

  • 2 · Savings and temporary cash investments

    beginning of year $1,494 · end of year $141

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

    $37,120

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

    $15,698

  • 10c · Land, buildings and equipment, net

    beginning of year $25,203 · end of year $21,422

  • 11 · Investments: publicly traded securities

    beginning of year $369,961 · end of year $322,749

  • 15 · Other assets

    beginning of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,152

  • 25 · Other liabilities

    beginning of year $43,366 · end of year $3,158

  • 27 · Net assets without donor restrictions

    beginning of year $547,810 · end of year $457,821

Mission and programs · 2025

Mission

THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL.

  • THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL. IN 2025 THERE WERE 32 SESSIONS FOR 4 HOURS EACH, SERVICING ABOUT 112 KIDS A SESSION TOTALING 3280 KIDS.

  • THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL. IN 2023 THERE WERE 33 SESSIONS FOR 4 HOURS EACH, SERVICING ABOUT 142 KIDS A SESSION TOTALING 4196 KIDS.

    Expenses $477,144

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Virginia Panoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Kenneth Jowdy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wallace Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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
2025
Filed
1 April 2026
IRS schema version
2025v4.0
Source object
202610929349301581

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