Colorado Open Golf Foundation

Organization Overview

Colorado Open Golf Foundation is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Open Golf 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 12/2021, Colorado Open Golf Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO GENERATE AWARENESS, SPORTSMANSHIP, AND RECREATION FOR YOUTH ORIENTED SPORTS WITH THE GAME OF GOLF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONDUCTED COLORADO OPEN GOLF CHAMPIONSHIPS TO PROMOTE THE GAME AND SPORTSMANSHIP ASSOCIATED WITH THE GAME OF GOLF. THESE TOURNAMENTS WERE THE COLORADO OPEN GOLF CHAMPIONSHIP, THE COLORADO WOMEN'S OPEN, AND THE COLORADO SENIOR OPEN.


INSTRUCTED CHILDREN IN THE VALUES OF LIFE ASSOCIATED WITH THE GAME OF GOLF.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Reidy
Vice Chair
$0
Molly Greenblatt
Chair
$0
Chris Nordling
Immediate Pa
$0
Dave Simon
Treasurer
$0
Jake Gilmore
Secretary
$0
Patrick Hamill
Founder
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $52,865
All other contributions, gifts, grants, and similar amounts not included above$977,867
Noncash contributions included in lines 1a–1f $33,730
Total Revenue from Contributions, Gifts, Grants & Similar$1,030,732
Total Program Service Revenue$343,480
Investment income $42,072
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $187,163
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,603,447

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Colorado Open Golf Foundation has recieved totaling $9,000.

Awarding OrganizationAmount
Colorado Golf Foundation

Greenwood Village, CO

PURPOSE: SEE PART IV

$9,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,737,682
Earnings$212,524
Admin Expense-$9,786
Net Contributions$4,502
Ending Balance$1,944,922

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