Vermont Golf Association Scholarship Fund Inc
- Assets
- $700.3k
- Revenue
- $178.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelburne, VT
- Founding
- 10/1965
- Data as of
- 12/2021
- EIN
- 03-0216400
Organization Overview
Vermont Golf Association Scholarship Fund Inc is located in Shelburne, VT. The organization was established in 1965. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Golf Association Scholarship Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vermont Golf Association Scholarship Fund Inc generated $178.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $53.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STUDENT GOLF SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT GOLF SCHOLARSHIPS AWARDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Murray President | OfficerTrustee | 15 | $0 |
Michael Mccormack Treasurer | OfficerTrustee | 10 | $0 |
Steve Nardell Secretary | OfficerTrustee | 5 | $0 |
Larry Kelley III Vice President | OfficerTrustee | 5 | $0 |
Steve Waite Trustee | Trustee | 1 | $0 |
Linda Jane Parsons Designee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,730 |
| Investment income | $91,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,648 |
| Net Income from Fundraising Events | $24,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,995 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $643,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $700,280 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $700,280 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $700,280 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Golf Association Scholarship Fund Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Hatherly Golf Club Inc N Scituate, MA | $7,824,887 | $4,661,399 |
First Tee New York Inc Bronx, NY | $7,549,038 | $6,113,567 |
Professional Golfers Assn New England Section Pga Of America Boylston, MA | $3,506,395 | $3,841,332 |
The Cummaquid Golf Club Of Yarmouth And Barnstable Inc Yarmouthport, MA | $8,327,661 | $3,361,650 |
Needham Golf Club Inc Needham, MA | $4,353,168 | $3,028,845 |
Mccann Caven Golf Courses Inc Poughkeepsie, NY | $38,333 | $1,755,496 |
Laconia Golf Club Inc Laconia, NH | $5,924,050 | $2,120,065 |