Annika Foundation
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Framingham, MA
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3100887
Organization Overview
Annika Foundation is located in Framingham, MA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Annika Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annika 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, Annika Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 13.1% 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
THE ANNIKA FOUNDATION PROVIDES OPPORTUNITIES IN WOMEN'S GOLF AT THE JUNIOR, COLLEGIATE AND PROFESSIONAL LEVELS WHILE TEACHING YOUNG PEOPLE (CONTINUED ON SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNIKA INVITATIONAL SERIES OFFERS A UNIQUE TOURNAMENT AND EDUCATIONAL PROGRAM FOR THE TOP JUNIOR FEMALE GOLFERS. THE EVENTS ARE HELD IN THE UNITED STATES, SWEDEN, CHINA AND ARGENTINA. THE PURPOSE OF THE TOURNAMENTS IS NOT ONLY TO PROVIDE JUNIOR PLAYERS WITH THE OPPORTUNITY TO COMPETE AGAINST WORLD CLASS COMPETITION BUT ALSO TO EDUCATE THEM ABOUT THE OFF-COURSE ELEMENTS OF PLAYING COLLEGIATE AND PROFESSIONAL GOLF, SUCH AS MEDIA TRAINING AND THE IMPORTANCE OF HEALTH AND NUTRITION.
SHARE MY PASSION DAY - THIS UNIQUE EVENT, HELD IN CONJUNCTION WITH LPGA*USGA GIRLS GOLF, ASKS GIRLS (AGE 6-12) TO WRITE AN OPEN LETTER TO OTHER GIRLS THEIR AGE TELLING THEM WHY THEY LOVE THE GAME OF GOLF. OF THE LETTERS SUBMITTED, 30 FINALISTS WERE CHOSEN BY ANNIKA AND THE COMMITTEE TO ATTEND THE INSPIRATIONAL CLINIC. THE DAY BEGAN WITH EACH OF THE FOUR GROUPS ROTATING THROUGH STATIONS COVERING THE FUNDAMENTALS DRIVING, PUTTING AND THE IMPORTANCE OF FITNESS. FOLLOWING THE MORNING STATIONS, THE GIRLS WERE TREATED TO A HEALTHY LUNCH WHILE HAVING SOME FUN WITH THEIR NEW FRIENDS AT A PHOTO BOOTH. FOLLOWING LUNCH, ANNIKA PUT ON A CLINIC FOR THE GIRLS AND THEIR GUESTS WHICH COVERED EVERYTHING FROM PRE-ROUND WARMUPS TO SHOT EXECUTION. DURING THE CLINIC, ANNIKA FIELDED MANY QUESTIONS FROM THE GIRLS AND WAS ABLE TO SHARE HER PASSION AND INSIGHTS WITH THE NEXT GENERATION.
OTHER PROGRAM SERVICES INCLUDES (1) ANNIKA CUP - CREATED IN 2007, THE ANNIKA CUP IS AN ANNUAL MATCH PLAY COMPETITION FOR 12 OF THE TOP FEMALE AMATEUR GIRLS IN SWEDEN. THE TOURNAMENT INTEGRATES TRAINING WITH A COMPETITION ELEMENT. IT INTRODUCES DRILLS AND TECHNIQUES ANNIKA USES. THE GIRLS ARE ALSO SPLIT INTO TWO TEAMS OF SIX TO COMPETE AGAINST EACH OTHER IN SINGLES MATCH PLAY. ON THE LAST DAY OF THE EVENT, ANNIKA CONDUCTS A CLINIC FOR THE GIRLS, HOSTS A Q&A SESSION AND THEN SITS DOWN WITH THEM FOR LUNGH; (2) GENREAL EXPENSE ALLOCATION OF PAYROLL TO PROGRAM SERVICES; (3) DONATIONS AND GRANTS TO VARIOUS JUNIOR GOLF PROGRAMS THAT FIT WITHIN THE ANNIKA FOUNDATION MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Ceman Chief Operating Officer | Officer | 40 | $105,494 |
Angela Iacone-Radaelli Treasurer | Officer | 10 | $0 |
Craig Annis Director | Trustee | 1 | $0 |
David Bockorny Director | Trustee | 1 | $0 |
Roberta Bowman Director | Trustee | 1 | $0 |
Jay Brennan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $793,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,089 |
| Total Program Service Revenue | $330,848 |
| Investment income | $63,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,187,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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. | $105,494 |
| Compensation of current officers, directors, key employees. | $10,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,284 |
| Pension plan accruals and contributions | $6,883 |
| Other employee benefits | $12,889 |
| Payroll taxes | $13,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,643 |
| Advertising and promotion | $35,861 |
| Office expenses | $12,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,026 |
| 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 | $819 |
| Insurance | $5,827 |
| All other expenses | $0 |
| Total functional expenses | $1,066,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $477,182 |
| 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 | $31,352 |
| Net Land, buildings, and equipment | $8,869 |
| Investments—publicly traded securities | $1,680,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,313,150 |
| Accounts payable and accrued expenses | $52,825 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $177,825 |
| Net assets without donor restrictions | $1,985,325 |
| Net assets with donor restrictions | $150,000 |
| 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 | $2,313,150 |
Grants Awarded
Over the last fiscal year, Annika Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: DONATION OF SUPPORT TO THE FALDO FOUNDATION. | $25,000 |
Braselton, GA PURPOSE: TO FUND A PROGRAM IN THE FOUNDATION'S NAME. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Annika Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Jim And Tabitha Furyk Foundation Inc Ponte Vedra Beach, FL PURPOSE: SUPPORTED THE ANNIKA FOUNDATION TO HOST THE ANNIKA INVITATIONAL USA AJGA EVENT IN ORLANDO | $15,000 |
Meerwarth Family Foundation New Vernon, NJ PURPOSE: COMMUNITY SERVICE | $15,000 |
The Dr P Phillips Foundation Orlando, FL PURPOSE: PROGRAM SUPPORT - HEALTHCARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |