Callaway Golf Company Foundation
- Assets
- $7.0m
- Revenue
- $1.5m
- Investments
- $5.6m
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 33-0590291
Organization Overview
Callaway Golf Company Foundation is located in Carlsbad, CA. The organization was established in 1994. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Callaway Golf Company 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, Callaway Golf Company Foundation generated $1.5m in total revenue. All expenses for the organization totaled $362.7k during the year ending 12/2021. While expenses have increased by 18.5% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian P Lynch Chairman Of The Board | 0 | $0 | |
Jennifer Thomas Chief Financial Officer | 0 | $0 | |
Timothy P Reed Director | 0 | $0 | |
Marty Hochman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $11,415 |
| Dividends & Interest | $212,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $259,793 |
| Capital Gain Net Income | $271,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,483,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,064 |
| Total operating and administrative expenses | $44,988 |
| Contributions, gifts, grants paid | $317,733 |
| Total expenses and disbursements | $362,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,464 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,308 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,628,565 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,014,080 |
| Total assets | $6,970,417 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $225,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,410 |
| Total liabilities | $234,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Golf Community Foundation Scottsdale, AZ | $9,908,509 | $6,967,253 |
Lone Tree Golf & Event Center Antioch, CA | $6,167,701 | $5,409,436 |
Marrakesh Golf Club Palm Desert, CA | $20,662,505 | $5,001,903 |
Arizona Golf Association Scottsdale, AZ | $3,967,286 | $3,840,338 |
Pro Kids Golf Academy Inc San Diego, CA | $8,927,878 | $4,938,546 |
Presidio Golf And Concordia Club San Francisco, CA | $11,620,577 | $2,321,384 |
Future Citizens Foundation Salinas, CA | $8,194,762 | $5,447,969 |
Flagstaff Golf Association Flagstaff, AZ | $3,224,049 | $2,364,199 |
Golden State Golf Tour Association Oceanside, CA | $370,280 | $2,063,995 |
Bidwell Park Golf Club Chico, CA | $967,252 | $2,139,141 |
Junior Golf Association Of Arizona Inc Phoenix, AZ | $858,991 | $1,640,395 |
San Diego County Junior Golf Association Inc San Diego, CA | $1,536,640 | $1,591,808 |