The Connecticut Golf Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Cromwell, CT
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 06-1510744
Organization Overview
The Connecticut Golf Foundation Inc is located in Cromwell, CT. The organization was established in 1998. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Connecticut Golf Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Golf Foundation 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, Connecticut Golf Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO IMPACT THE LIVES OF YOUNG PEOPLE THROUGHOUT CONNECTICUT BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPACT THE LIVES OF YOUNG PEOPLE THROUGHOUT CONNECTICUT BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Moriarty Pres./exec. Director | Officer | 40 | $89,550 |
Alicia B Davenport Secretary | OfficerTrustee | 0 | $0 |
Lorenzo B Wyatt Treasurer | OfficerTrustee | 0 | $0 |
Kenneth Baldwin Vice Chair | OfficerTrustee | 0 | $0 |
David Dixon Chairman | OfficerTrustee | 0 | $0 |
Michael Moraghan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,610 |
| Related organizations | $0 |
| Government grants | $119,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $681,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,254 |
| Total Program Service Revenue | $237,490 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $114,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,278,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,550 |
| Compensation of current officers, directors, key employees. | $51,895 |
| Compensation to disqualified persons | $423,854 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,744 |
| Payroll taxes | $51,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,628 |
| Office expenses | $69,590 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,548 |
| 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 | $58,528 |
| Insurance | $25,444 |
| All other expenses | $2,150 |
| Total functional expenses | $1,210,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $690,523 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,730 |
| 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 | $15,526 |
| Net Land, buildings, and equipment | $1,765,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,000 |
| Total assets | $2,599,513 |
| Accounts payable and accrued expenses | $38,299 |
| 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 | $156,750 |
| Other liabilities | $102,497 |
| Total liabilities | $297,546 |
| Net assets without donor restrictions | $2,072,527 |
| Net assets with donor restrictions | $229,440 |
| 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 | $2,599,513 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Connecticut Golf Foundation Inc has recieved totaling $206,120.
| Awarding Organization | Amount |
|---|---|
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $76,480 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $32,014 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: CAPITAL GRANTS | $25,000 |
Connecticut Section Pga Golf Foundation Inc South Glastonbury, CT PURPOSE: SUPPORT OF PROGRAM ACTIVITIES | $13,000 |
American Savings Foundation Inc New Britain, CT PURPOSE: PROGRAM GRANTS - FIRST TEE PROGRAM 2021-22 | $12,500 |
Greater Hartford Community Foundation Inc Hartford, CT PURPOSE: DONATION | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |