Fort Worth Junior Golf Foundation Incorporated
- Assets
- $5.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Fort Worth, TX
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 20-5545252
Organization Overview
Fort Worth Junior Golf Foundation Incorporated, operating under the name Dba The First Tee Of Fort Worth, is located in Fort Worth, TX. The organization was established in 2007. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Dba The First Tee Of Fort Worth employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba The First Tee Of Fort Worth 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 12/2022, Dba The First Tee Of Fort Worth generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPACT THE LIVES OF ALL YOUNG PEOPLE BY PROVIDING PARTICIPATION IN THE FIRST TEE'S LIFE SKILLS CURRICULUM AND ITS NINE CORE VALUES THROUGH THE GAME OF GOLF, THEREBY INSTILLING LIFE ENHAMCING VALUES THAT ENCOURAGE LEADERSHIP, BUILD CHARACTER, FOSTER COMMUNITY SERVICE AND PROMOTE WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST TEE OF FORT WORTH PROVIDES EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THAT HELP YOUNG PEOPLE BECOME BETTER CITIZENS.
DURING THE CALENDAR YEAR 2022, FIRST TEE OF FORT WORTH RECEIVED GRANTS FROM PRIVATE FOUNDATION AND CORPORATIONS IN THE AMOUNT OF 957,892.38 WHICH WERE UTILIZED TO BRING CHARACTER EDUCATION PROGRAMS TO CHILDREN AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jr Holland Executive Di | OfficerTrustee | 40 | $0 |
Kevin Long Executive Di | OfficerTrustee | 40 | $102,244 |
Jeffrey F Boswell Director | OfficerTrustee | 3 | $0 |
Chris Cotten Director | OfficerTrustee | 3 | $0 |
Stephen Gilchrist Director | OfficerTrustee | 3 | $0 |
David Hardin Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,318,639 |
| 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 | $1,318,639 |
| Total Program Service Revenue | $221,335 |
| Investment income | $5,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $263,813 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,809,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $112,574 |
| Compensation of current officers, directors, key employees. | $112,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $786,839 |
| Pension plan accruals and contributions | $19,462 |
| Other employee benefits | $60,331 |
| Payroll taxes | $78,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,990 |
| Office expenses | $6,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,343 |
| All other expenses | $231,363 |
| Total functional expenses | $1,662,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,303,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,750 |
| 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 | $4,398,518 |
| Investments—publicly traded securities | $8,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,736,019 |
| Accounts payable and accrued expenses | $67,201 |
| Grants payable | $0 |
| Deferred revenue | $743,889 |
| 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 | $6,211 |
| Total liabilities | $817,301 |
| Net assets without donor restrictions | $3,368,306 |
| Net assets with donor restrictions | $1,550,412 |
| 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 | $5,736,019 |