Metropolitan Golf Association Foundation
- Assets
- $5.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 134
- Location
- Elmsford, NY
- Founding
- 03/1992
- Data as of
- 10/2022
- EIN
- 13-3637689
Organization Overview
Metropolitan Golf Association Foundation is located in Elmsford, NY. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2022, Metropolitan Golf Association Foundation employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Golf Association Foundation 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 10/2022, Metropolitan Golf Association Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5m during the year ending 10/2022. While expenses have increased by 1.2% 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.
Since 2017, Metropolitan Golf Association Foundation has awarded 29 individual grants totaling $600,846. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE INTERESTED PUBLIC IN THE GAME OF GOLF INCLUDING THE RULES OF GOLF, TRADITIONS AND ETIQUETTE OF THE GAME, AND TECHNIQUES INVOLVED IN PLAYING THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLFWORKS STUDENT INTERN PROGRAM THAT PROVIDED APPROXIMATELY 147 HIGH SCHOOL AGE STUDENTS EXPOSURE TO CAREER OPPORTUNITIES IN GOLF, POSITIVE ROLE MODELS AND REAL WORK EXPERIENCE DURING SUMMER INTERNSHIPS.
FIRST TEE SUPPORT OF LOCAL FIRST TEE CHAPTER (FT MET NY) WHICH PROVIDE AREA YOUTH WITH LIFE SKILLS AND CORE VALUE PROGRAMS THROUGH GOLF. MORE THAN 5,000 YOUNG PEOPLE ARE INVOLVED AT SIX FACILITIES IN TRI-STATE AREA.
EDUCATIONAL PROGRAMS-SEMINAR PROGRAMS WERE PROVIDED TO AREA GOLF COMMUNITIES ON RULES OF GOLF, HANDICAPPING, COURSE MAINTENANCE, CLUB OPERATION AND CADDY'S-MORE THAN 1,500 INDIVIDUALS PARTICIPATED. DUE TO COVID EVERYTHING WAS VIRTUAL.
JUNIOR GOLF EVENTS, JUNIOR GOLF GRANTS TO OTHER PROGRAMS IN ADDITION TO FIRST TEE, JUNIOR GOLF CLINICS, SURVEY PROGRAMS TO SUPPORT EDUCATIONAL PROGRAMS. INCLUDES CADDIE-PRO-AM AND 4-BALL FUNDRAISER FOR Y/E 10/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Stock President | OfficerTrustee | 3 | $0 |
Patrick L Donnelly Vice President | OfficerTrustee | 3 | $0 |
Gregg M Angelillo Secretary | OfficerTrustee | 3 | $0 |
Ned P Zachar Treasurer | OfficerTrustee | 3 | $0 |
Brian Mahoney Executive Director | Officer | 10 | $0 |
Ken Bakst Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,728 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $861,979 |
| Noncash contributions included in lines 1a–1f | $33,097 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,151,707 |
| Total Program Service Revenue | $551,013 |
| Investment income | $67,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,849 |
| Net Income from Fundraising Events | $136,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,920,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,093 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $93,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $108,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,470 |
| Travel | $11,911 |
| 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 | $53,180 |
| Insurance | $0 |
| All other expenses | $54,443 |
| Total functional expenses | $1,459,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,081 |
| Savings and temporary cash investments | $966,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $428,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,825 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,942 |
| Net Land, buildings, and equipment | $800,104 |
| Investments—publicly traded securities | $2,926,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,243,981 |
| Accounts payable and accrued expenses | $143,902 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $147,902 |
| Net assets without donor restrictions | $4,366,007 |
| Net assets with donor restrictions | $730,072 |
| 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 | $5,243,981 |
Grants Awarded
Over the last fiscal year, Metropolitan Golf Association Foundation has awarded $106,451 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: GENERAL SUPPORT | $76,451 |
Kenilworth, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Elmsford, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Elmsford, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Metropolitan Golf Association Foundation has recieved totaling $233,418.
| Awarding Organization | Amount |
|---|---|
United States Golf Association Liberty Corner, NJ PURPOSE: INTERNSHIP/SUBSIDY | $132,986 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,237 |
Ussga Memorial Fund Inc Elmsford, NY PURPOSE: GOLF EDU | $10,000 |
Ncga Foundation Monterey, CA PURPOSE: JR. GOLF PROGRAMS | $6,581 |
Leviton Foundation Inc-New York Melville, NY PURPOSE: GRANTS FOR RELIGIOUS, MEDICAL OR EDUCATIONAL PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $361,202 |
| Earnings | -$29,560 |
| Net Contributions | $437,645 |
| Other Expense | $39,215 |
| Ending Balance | $730,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |