Minnesota Golf Charity Events
- Assets
- $109.5k
- Revenue
- $156.9k
- Investments
- $0.0
- Employees
- 28
- Location
- Minneapolis, MN
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 23-7163107
Organization Overview
Minnesota Golf Charity Events is located in Minneapolis, MN. The organization was established in 1972. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Minnesota Golf Charity Events employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Golf Charity Events 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, Minnesota Golf Charity Events generated $156.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $102.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE CRITICAL FUNDS FOR MINNESOTANS LIVING WITH DEVELOPMENTAL AND LEARNING DISABILITIES.
Describe the Organization's Program Activity:
THE MINNESOTA GOLF CHARITY EVENTS RAISES CHARITABLE FUNDS THROUGH TWO GOLF EVENTS AND LAWFUL CHARITABLE GAMBLING. ALL THE MONEY THAT WE DONATE TO OUR BENEFITING AGENCIES IS PROVIDED FOR OPERATING EXPENSES. FOR MANY NON-PROFIT AGENCIES, THE BULK OF THEIR CHARITABLE SUPPORT IS TIED TO SPECIFIC GRANT-FUNDED PROGRAMS. THIS CAN MAKE IT PARTICULARLY DIFFICULT FOR NON-PROFITS TO HANDLE THE DAY-TO-DAY WORK THEY NEED TO CARRY OUT SUPPORT OF THEIR PROGRAMS AND THEIR EMPLOYEES. THE PGA REACH FUNDING IS DESIGNED TO HELP THEM BRIDGE THIS GAP, A GAP WHICH ONLY GETS MORE DIFFICULT TO MANAGE IN A CHALLENGING ECONOMIC CLIMATE.
THE SECOND PRIMARY ACTIVITY OF THE PGA REACH IS TO PROVIDE COMMUNITY-WIDE VISIBILITY TO THE AGENCIES WE SUPPORT AND PEOPLE THEY SERVE. DUE TO THE LONGSTANDING TRADITION AND HISTORY OF OUR GOLF TOURNAMENTS, WE RECEIVE SIGNIFICANT LOCAL MEDIA COVERAGE FOR OUR EVENTS, WHICH IN TURN ALLOWS US TO FOCUS THE SPOTLIGHT ON THE PEOPLE AND ORGANIZATIONS THAT WE SUPPORT. THE COMMUNITY THEN RECEIVES MORE EDUCATION ABOUT THE VARIOUS DISABLILITIES THAT EXIST, AND THE NEEDS OF THE PEOPLE WHO LIVE WITH THESE DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Guerra Gambling Manager/board Member | Trustee | 15 | $75,092 |
Sylvia Lund Board Member | Trustee | 20 | $2,228 |
Jon Tollette CEO | OfficerTrustee | 5 | $0 |
Joel Burger Secretary | OfficerTrustee | 5 | $0 |
Phil Anderson Treasurer/board Chair | OfficerTrustee | 5 | $0 |
Nick Boerum Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,408 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,100 |
| Noncash contributions included in lines 1a–1f | $14,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,508 |
| Total Program Service Revenue | $0 |
| 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 | -$178,486 |
| Net Income from Gaming Activities | $120,021 |
| Net Income from Sales of Inventory | -$18,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $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 | $1,205 |
| 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 | $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 | $877 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $102,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $32,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,036 |
| Total assets | $109,546 |
| Accounts payable and accrued expenses | $71 |
| 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 | $63,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $73,071 |
| Net assets without donor restrictions | $36,475 |
| 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 | $109,546 |
Grants Awarded
Over the last fiscal year, Minnesota Golf Charity Events has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: PROGRAM SUPPORT | $40,000 |
Mendota Heights, MN PURPOSE: PROGRAM SUPPORT | $20,000 |
PROACT INC PURPOSE: PROGRAM SUPPORT | $20,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minnesota Golf Charity Events has recieved totaling $47,755.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $27,750 |
Minnesota Golf Charity Events Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |