National Golf Course Owners Association Inc
- Assets
- $4.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Charleston, SC
- Founding
- 06/1977
- Data as of
- 12/2021
- EIN
- 36-2916462
Organization Overview
National Golf Course Owners Association Inc is located in Charleston, SC. The organization was established in 1977. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, National Golf Course Owners Association Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Golf Course Owners Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Golf Course Owners Association Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
TO ENHANCE THE LIVES OF GOLF COURSE OWNERS THROUGH EDUCATION AND MEMBERSHIP SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS CONFERENCES, SEMINARS, AND TRADE SHOWS THROUGHOUT THE COUNTRY FOR THE PROMOTION OF THE GOLF INDUSTRY AS IT RELATES TO ITS MEMBERS. FURTHER, THE ORGANIZATION PROVIDES MANY EDUCATIONAL BENEFITS TO ITS MEMBERS, INCLUDING BUT NOT LIMITED TO THE PRODUCTION OF A MONTHLY MAGAZINE, PODCASTS, AND E-NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Karen CEO | Officer | 40 | $285,000 |
Mike Ketterman Director Of Corporate Spon | 40 | $114,000 | |
Farah Abbassian Controller/office Manager | Officer | 40 | $65,665 |
Dick Stuntz President | OfficerTrustee | 1 | $0 |
Steve Graybill Vice President | OfficerTrustee | 1 | $0 |
Tom Brooks Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $466,142 |
| 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 | $466,142 |
| Total Program Service Revenue | $1,793,066 |
| Investment income | $344,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,106 |
| Net Gain/Loss on Asset Sales | $109,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,827,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,600 |
| 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. | $464,665 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $836,772 |
| Pension plan accruals and contributions | $22,297 |
| Other employee benefits | $54,922 |
| Payroll taxes | $94,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,844 |
| Fees for services: Other | $38,500 |
| Advertising and promotion | $13,444 |
| Office expenses | $54,555 |
| Information technology | $58,114 |
| Royalties | $0 |
| Occupancy | $36,192 |
| Travel | $22,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $459,457 |
| Interest | $4,849 |
| Payments to affiliates | $17,150 |
| Depreciation, depletion, and amortization | $20,000 |
| Insurance | $6,695 |
| All other expenses | $0 |
| Total functional expenses | $2,390,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321,076 |
| 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 | $223,898 |
| Net Land, buildings, and equipment | $1,078,596 |
| Investments—publicly traded securities | $2,056,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,725 |
| Total assets | $4,591,671 |
| Accounts payable and accrued expenses | $361,758 |
| Grants payable | $0 |
| Deferred revenue | $686,134 |
| 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 | $82,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,129,926 |
| Net assets without donor restrictions | $3,461,745 |
| 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 | $4,591,671 |
Grants Awarded
Over the last fiscal year, National Golf Course Owners Association Inc has awarded $66,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Augustine, FL PURPOSE: GENERAL OPERATIONS | $50,000 |
NGCOA FOUNDATION INC PURPOSE: GENERAL OPERATIONS | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Golf Course Owners Association Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Golf Course Superintendents Assoc Of America Lawrence, KS PURPOSE: WE GOLF TOGETHER- DEI SUMMIT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Disc Golf Association Appling, GA | $8,115,447 | $8,426,910 |
North Carolina High School Athletic Chapel Hill, NC | $37,882,945 | $5,726,168 |
National Golf Course Owners Association Inc Charleston, SC | $4,591,671 | $2,827,919 |
American Association Of Independent Professional Baseball Ltd Winston Salem, NC | $708,199 | $1,166,697 |
South Carolina Tennis Association Inc Columbia, SC | $2,623,859 | $1,738,650 |
Intercollegiate Mens Lacrosse Coaches Association Durham, NC | $240,153 | $985,347 |
Gladiators Athletic Association Inc Johns Creek, GA | $456,616 | $693,124 |
Professional Baseball Athletic Trainers Society Atlanta, GA | $2,456,714 | $728,922 |
Five Oaks Recreational Association Inc Durham, NC | $541,637 | $335,209 |
North Carolina Professional Tennis Umpires Association Chapel Hill, NC | $56,727 | $273,866 |
North Carolina Fisheries Association Inc Morehead City, NC | $70,240 | $272,126 |
Greensboro Sports Council Inc Greensboro, NC | $655,554 | $258,064 |