Triangle Golf Foundation Inc
- Assets
- $7.7m
- Revenue
- $3.1m
- Investments
- $63.3k
- Employees
- 70
- Location
- Raleigh, NC
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 56-2266025
Organization Overview
Triangle Golf Foundation Inc, operating under the name The First Tee Of The Triangle, is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, First Tee Of The Triangle employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee Of The Triangle 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, First Tee Of The Triangle generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 15.4% 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 BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRIANGLE GOLF FOUNDATION TEACHES LIFE SKILLS AND CORE VALUES THROUGH THE GAME OF GOLF. THE FIRST TEE LIFE SKILLS EXPERIENCE IS BASED ON THE NINE CORE VALUES OF HONESTY, INTERGRITY, SPORTMANSHIP, JUDGMENT, CONFIDENCE, COURTESY, PERSERVERANCE, RESPONSIBILITY, AND RESPECT AND NINE HEALTHY HABITS BASED ON PHYSICAL, SOCIAL AND EMOTIONAL WELL BEING. WE ARE ONE OF 149 CHAPTERS OF THE FIRST TEE IN THE UNITED STATES AND ONE OF 7 IN THE STATE OF NORTH CAROLINA. THIS YEAR WE PROVIDED EDUCATIONAL PROGRAMS WHICH INCLUDED GOLF COURSE-BASED PROGRAMS FOR 1,275 PARTICIPANTS, DRIVE4SUCCESS FOR 280 PARTICIPANTS, AND OUTREACH PROGRAMS FOR 201 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Baker Executive Director | Officer | 40 | $152,648 |
John Roos Chair | OfficerTrustee | 1 | $0 |
Ted Klinck Vice Chair | OfficerTrustee | 1 | $0 |
Brad George Treasurer | OfficerTrustee | 1 | $0 |
Andy Bilodeau Board Member | Trustee | 1 | $0 |
Robert Buhler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,916,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,007,117 |
| Total Program Service Revenue | $154,284 |
| Investment income | $6,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $511,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,148,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $159,380 |
| Compensation of current officers, directors, key employees. | $39,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,485 |
| Payroll taxes | $50,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,707 |
| Advertising and promotion | $24,438 |
| Office expenses | $5,919 |
| Information technology | $61,467 |
| Royalties | $0 |
| Occupancy | $70,418 |
| Travel | $38,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $944 |
| Insurance | $13,688 |
| All other expenses | $0 |
| Total functional expenses | $1,224,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,552,195 |
| Savings and temporary cash investments | $99,708 |
| Pledges and grants receivable | $1,852,878 |
| Accounts receivable, net | $61,023 |
| 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 | $9,572 |
| Net Land, buildings, and equipment | $4,081,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $63,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,353 |
| Total assets | $7,724,462 |
| Accounts payable and accrued expenses | $26,286 |
| Grants payable | $0 |
| Deferred revenue | $5,913 |
| 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 | $1,936,190 |
| Other liabilities | $0 |
| Total liabilities | $1,968,389 |
| Net assets without donor restrictions | $2,876,799 |
| Net assets with donor restrictions | $2,879,274 |
| 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 | $7,724,462 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Triangle Golf Foundation Inc has recieved totaling $150,709.
| Awarding Organization | Amount |
|---|---|
A J Fletcher Foundation Raleigh, NC PURPOSE: CAPITAL CAMPAIGN | $50,000 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $32,519 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $26,825 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,200 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
The Lpga Foundation Daytona Beach, FL PURPOSE: GIRLS GOLF SUPPORT | $7,500 |
Endowment Analysis
| Beg. Balance | $11,071 |
| Earnings | $142 |
| Admin Expense | $28 |
| Grants | $11,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |