Hoag Charity Sports
- Assets
- $4.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-2982422
Organization Overview
Hoag Charity Sports is located in Irvine, CA. The organization was established in 2012. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoag Charity Sports 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 12/2022, Hoag Charity Sports generated $3.9m 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 (3.0%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hoag Charity Sports has awarded 40 individual grants totaling $4,549,081. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSE OF HOAG CHARITY SPORTS IS TO ENGAGE IN CHARITABLE ACTIVITIES FOR THE BENEFIT OF HOAG HOSPITAL FOUNDATION BY HOLDING A PGA GOLF TOURNAMENT WITH PROCEEDS TO SUPPORT HOAG HOSPITAL PROGRAMS AND OTHER CHARITABLE CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Flynn Andrizzi Foundation President | Trustee | 2 | $0 |
Jeff Purser Exec Dir Tournament | OfficerTrustee | 50 | $0 |
Hank Adler Board Member/treasurer | OfficerTrustee | 4 | $0 |
Charles Cargile Board Member/secretary | OfficerTrustee | 4 | $0 |
Jim Coufos Board Member | Trustee | 2 | $0 |
Paul Folino Tournament Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,854,273 |
| 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 | $5,854,273 |
| 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 | -$1,978,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,875,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,350 |
| 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. | $408,456 |
| Compensation of current officers, directors, key employees. | $81,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,530 |
| Pension plan accruals and contributions | $14,417 |
| Other employee benefits | $47,369 |
| Payroll taxes | $31,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,045 |
| Office expenses | $24,697 |
| Information technology | $11,092 |
| Royalties | $0 |
| Occupancy | $40,746 |
| Travel | $17,188 |
| 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 | $35,000 |
| All other expenses | $0 |
| Total functional expenses | $3,843,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,762,483 |
| 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 | $23,524 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,883 |
| Total assets | $4,243,318 |
| Accounts payable and accrued expenses | $36,630 |
| Grants payable | $0 |
| Deferred revenue | $3,697,148 |
| 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 | $1,396,763 |
| Total liabilities | $5,130,541 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$887,223 |
| 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 | $4,243,318 |
Grants Awarded
Over the last fiscal year, Hoag Charity Sports has awarded $525,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MARINE CORPS SCHOLARSHIP FOUNDATION PURPOSE: EDUCATION | $50,000 |
BLUE ANGELES FOUNDATION INC PURPOSE: PROGRAM SUPPORT | $25,000 |
NEWPORT BEACH POLICE EXPLORERS PURPOSE: PROGRAM SUPPORT | $5,750 |
US NAVY MEMORIAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
HOAG HOSPITAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $395,000 |
JOHN DALY MAJOR ED FOUNDATION INC PURPOSE: PROGRAM SUPPORT | $25,000 |