Youth Golf Foundation Of The Carolinas
- Assets
- $5.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Charlotte, NC
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 56-2245026
Organization Overview
Youth Golf Foundation Of The Carolinas is located in Charlotte, NC. The organization was established in 2001. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Youth Golf Foundation Of The Carolinas employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Golf Foundation Of The Carolinas 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, Youth Golf Foundation Of The Carolinas generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.1% 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
TO IMPACT THE LIVES OF YOUNG PEOPLE OF ALL BACKGROUNDS BY PROVIDING LEARNING FACILITIES AND EDUCATIONAL PROGRAMS THAT PROMOTE CHARACTER DEVELOPMENT AND LIFE ENHANCING VALUES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING (ALL SEASONS) IN 2021, WE HAD 3982 REGISTRATIONS IN OUR PROGRAMMING. WE OFFERED PROGRAMMING AT 8 LOCATIONS THROUGHOUT THE YEAR: CHARLES L. SIFFORD GOLF COURSE, CHARLES T. MYERS GOLF CLUB, PINEVILLE DRIVING RANGE, GASTONIA, EMERALD LAKE GOLF CLUB, FT. MILL GOLF CLUB, SPRINGFIELD GOLF CLUB, STONEBRIDGE.
NATIONAL SCHOOL PROGRAM (NSP) DUE TO COVID, CHAMPIONS CHALLENGE WAS CANCELLED. WE GAVE 17 COLLEGE SCHOLARSHIPS AND WE ENTERED 4 NEW ELEMENTARY SCHOOLS. NSP IS IN ALL MECKLENBURG COUNTY ELEMENTARY SCHOOLS; AS WELL AS ELEMENTARY SCHOOLS IN UNION, CARBARRUS, YORK, CATAWBA/ALEXANDER AND LINCOLN COUNTIES, TOTALLING 215 SCHOOLS.
CAMPS, CLINICS, LIFE SKILLS, ETC. TO INCREASE IMPACT WITH OUR YOUTH, WE OFFER ASSISTANCE AND EXPERIENTIAL LEARNING OPPORTUNITIES THROUGHOUT THE YEAR VIA CAMPS, CLINICS, LEARNING ACADEMIES, TOURNAMENTS, AND THE TEAVA (TEEN, EAGLE, ACE VALUE-ADDED) PROGRAMMING. SUMMER CAMPS WERE VERY POPULAR. DUE TO CLASS SIZE RESTRICTIONS WE HAD SEVERAL WAITING LISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Fogarty Executive Dir. | Officer | 40 | $113,200 |
Patrick Melton Secretary | OfficerTrustee | 2 | $0 |
Jonathan Ishee Vice Chair | OfficerTrustee | 2 | $0 |
Randolph Smith Treasurer | OfficerTrustee | 2 | $0 |
Tj Wagner Chairman | OfficerTrustee | 2 | $0 |
Paige James Director | Trustee | 2 | $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 | $862,068 |
| Noncash contributions included in lines 1a–1f | $1,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,068 |
| Total Program Service Revenue | $524,528 |
| Investment income | $162,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $294,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,885,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $779,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,683 |
| Fees for services: Other | $9,369 |
| Advertising and promotion | $9,605 |
| Office expenses | $19,544 |
| Information technology | $16,807 |
| Royalties | $0 |
| Occupancy | $59,322 |
| Travel | $1,221 |
| 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 | $80,954 |
| Insurance | $33,757 |
| All other expenses | $1,851 |
| Total functional expenses | $1,450,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,283 |
| Savings and temporary cash investments | $930,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,791 |
| 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 | $317,731 |
| Net Land, buildings, and equipment | $1,383,210 |
| Investments—publicly traded securities | $1,897,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,362,878 |
| Accounts payable and accrued expenses | $73,536 |
| 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 | $0 |
| Total liabilities | $73,536 |
| Net assets without donor restrictions | $5,242,522 |
| Net assets with donor restrictions | $46,820 |
| 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 | $5,362,878 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Youth Golf Foundation Of The Carolinas has recieved totaling $286,486.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $83,000 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $69,484 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $54,250 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $50,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: I.B. GRAINGER SCHOLARSHIPS | $12,000 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |
Carolinas Golf Association Southern Pines, NC | $7,201,901 | $7,597,187 |
Highlands Falls Country Club Inc Highlands, NC | $17,573,731 | $5,732,867 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Virginia State Golf Association Inc Midlothian, VA | $3,471,487 | $3,409,263 |
Tennessee Golf Association Inc Franklin, TN | $4,139,217 | $1,862,884 |
Middle Atlantic Section Stafford, VA | $5,763,398 | $2,084,524 |
Youth Golf Foundation Of The Carolinas Charlotte, NC | $5,362,878 | $1,885,876 |