Mississippi Gulf Resort Classic Foundation Inc
- Assets
- $344.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Diberville, MS
- Founding
- 11/2010
- Data as of
- 08/2021
- EIN
- 27-1318782
Organization Overview
Mississippi Gulf Resort Classic Foundation Inc is located in Diberville, MS. The organization was established in 2010. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mississippi Gulf Resort Classic Foundation Inc 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 08/2021, Mississippi Gulf Resort Classic Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.0m during the year ending 08/2021. While expenses have increased by 10.1% 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.
Since 2016, Mississippi Gulf Resort Classic Foundation Inc has awarded 89 individual grants totaling $5,487,085. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN ANNUAL PGA TOUR CHAMPIONS GOLF TOURNAMENT THAT BENEFITS LOCAL CHARITIES ON THE MISSISSIPPI GULF COAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN ANNUAL PGA TOUR CHAMPIONS GOLF TOURNAMENT THAT BENEFITS LOCAL CHARITIES ON THE MISSISSIPPI GULF COAST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Jones President | OfficerTrustee | 5 | $0 |
Stephen Schoettmer Chief Financial Officer | OfficerTrustee | 2 | $0 |
Dan Marks Vice President | OfficerTrustee | 2 | $0 |
Dirk Barrient Member | Trustee | 2 | $0 |
Melissa Odegaard Member | Trustee | 2 | $0 |
Frank Bertucci Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Seasons Event Rentals Tent Rental | 8/30/18 | $261,783 |
Bruno Event Team Management Services | 8/30/18 | $364,935 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $1,047,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,047,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $678,585 |
| 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 | $125,000 |
| Fees for services: Legal | $2,538 |
| Fees for services: Accounting | $0 |
| 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 | $13,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,733 |
| 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 | $0 |
| Insurance | $26,454 |
| All other expenses | $0 |
| Total functional expenses | $1,047,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $11,493 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,774 |
| Accounts payable and accrued expenses | $191,067 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $345,906 |
| Total liabilities | $536,973 |
| Net assets without donor restrictions | -$192,199 |
| 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 | $344,774 |
Grants Awarded
Over the last fiscal year, Mississippi Gulf Resort Classic Foundation Inc has awarded $678,585 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EXTRA TABLE PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $275,892 |
Gulfport, MS PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $199,037 |
Gulfport, MS PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $85,842 |
Gulfport, MS PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $72,243 |
BACK BAY MISSION PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $16,701 |
Long Beach, MS PURPOSE: DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | $11,091 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mississippi Gulf Resort Classic Foundation Inc has recieved totaling $40,036.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Gulfport, MS PURPOSE: GENERAL SUPPORT | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
Gibson Gives Nashville, TN | $1,089,402 | $2,193,701 |
Hogs For The Cause New Orleans, LA | $5,195,648 | $2,017,897 |
Mississippi Gulf Resort Classic Foundation Inc Diberville, MS | $344,774 | $1,047,972 |
The Heritage Association Of Rogersville Rogersville, TN | $795,472 | $1,116,396 |
Lifeboat Inc Bossier City, LA | $2,647,161 | $2,882,081 |
Germantown Charity Horse Show Inc Germantown, TN | $1,243,470 | $885,175 |
Bogle Family Foundation Bentonville, AR | $10,546,078 | $497,099 |
Galilee Majestic Arms Incorporated Shreveport, LA | $778,064 | $500,820 |