Fore Kids Foundation Inc

Organization Overview

Fore Kids Foundation Inc, operating under the name Zurich Classic Of New Orleans, is located in Avondale, LA. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Zurich Classic Of New Orleans employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zurich Classic Of New Orleans 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 09/2022, Zurich Classic Of New Orleans generated $16.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $15.5m during the year ending 09/2022. While expenses have increased by 3.0% per year over the past 6 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.

Since 2015, Zurich Classic Of New Orleans has awarded 307 individual grants totaling $6,924,697. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE FOUNDATION IS THE PROMOTION OF SOCIAL WELFARE FOR THE COMMUNITY OF NEW ORLEANS BY PROMOTING, MANAGING, AND SPONSORING AN ANNUAL PGA TOUR GOLF TOURNAMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NET PROCEEDS FROM GOLF TOURNAMENT CONTRIBUTED TO OTHER 501(C)(3) ORGANIZATIONS, FOR MORE INFORMATION SEE SCHEDULE I - GRANTS AND OTHER ASSISTANCE TO ORGANIZATION


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Board, Officers & Key Employees

Name (title)Compensation
Steve Worthy
CEO
$378,000
Chris Kenyon
VP Of Sales & Marketing
$175,000
Brian Cheramine
Chairman
$0
Mark Romig
Vice Chairman
$0
Kevin Colomb
Director
$0
Charles Rice
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Traube
Tents
$204,530
Patton's Caterers
Catering
$140,000
Tsi
Signage
$127,254
Inproduction
Scaffolding/flooring/seating
$501,358
Energy Rental Solutions
Fuel
$122,891
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$7,500
Related organizations$0
Government grants $669,290
All other contributions, gifts, grants, and similar amounts not included above$695,810
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,372,600
Total Program Service Revenue$14,881,433
Investment income $120,127
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $133,428
Net Income from Fundraising Events $29,700
Net Income from Gaming Activities $16,879
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,554,167

Grants Awarded

Over the last fiscal year, Fore Kids Foundation Inc has awarded $1,517,000 in support to 49 organizations.

Grant RecipientAmount

GREATER NEW ORLEANS FOUNDATION

Org PageRecipient Profile

New Orleans, LA

PURPOSE: GENERAL ASSISTANCE

$399,000

CHILDREN'S HOSPITAL

Org PageRecipient Profile

New Orleans, LA

PURPOSE: GENERAL ASSISTANCE

$250,000

EDUCARE NEW ORLEANS

PURPOSE: GENERAL ASSISTANCE

$200,000

OUR LADY OF THE LAKE CHILDREN'S HOSPITAL

Org PageRecipient Profile

Baton Rouge, LA

PURPOSE: GENERAL ASSISTANCE

$55,000

BOYS AND GIRLS CLUBS OF SOUTHEAST LOUISIANA

Org PageRecipient Profile

Baton Rouge, LA

PURPOSE: GENERAL ASSISTANCE

$50,000

BAYOU COMMUNITY FOUNDATION

Org PageRecipient Profile

Houma, LA

PURPOSE: GENERAL ASSISTANCE

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Fore Kids Foundation Inc has recieved totaling $257,483.

Awarding OrganizationAmount
Pga Tour Inc

Ponte Vedra Beach, FL

PURPOSE: GENERAL SUPPORT

$175,000
Hyslop Shannon Foundation

New Orleans, LA

PURPOSE: EDUCATION

$35,000
Robert L Pierce Foundation

Covington, LA

PURPOSE: TO SUPPORT THE ORGANIZATION'S GIVING FUND

$15,000
J Edgar Monroe Foundation 1976

Metairie, LA

PURPOSE: GENERAL CHARITABLE PURPOSE

$10,000
George Helen And Harold Wainerfoundation

Metairie, LA

PURPOSE: GENERAL DONATIONS

$5,000
Republic National Distributing Company Foundation Inc

Atlanta, GA

PURPOSE: COMMUNITY SERVICE

$5,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Burnett Foundation
Fort Worth, TX
$2,811,908
Jesus Fund
Little Rock, AR
$128,635,887
Rapier Family Foundation
San Antonio, TX
$1,321,420
Dan L Duncan Family Foundation
Houston, TX
$27,292,814
Fmh Foundation
Midland, TX
$148,706,487
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$21,447,473
Impetus Foundation
San Antonio, TX
$85,291,192
Builders Initiative
Bentonville, AR
$530,265,880
Centerpoint Energy Foundation Inc
Houston, TX
$24,292,942
The Cullen Foundation
Houston, TX
$19,628,625
Union General Hospital
Farmerville, LA
$20,373,665
Karakin Foundation
Abilene, TX
$29,351,833

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