Druid Hills Golf Club Foundation
- Assets
- $494.3k
- Revenue
- $130.4k
- Investments
- $391.0k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 58-2174460
Organization Overview
Druid Hills Golf Club Foundation is located in Atlanta, GA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Druid Hills Golf Club Foundation 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, Druid Hills Golf Club Foundation generated $130.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $163.8k during the year ending 12/2022. While expenses have increased by 19.9% 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.
Since 2014, Druid Hills Golf Club Foundation has awarded 69 individual grants totaling $283,662. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOSTS AN ANNUAL CHARITABLE EVENT, THE DOGWOOD AMATEUR'S GOLF TOURNAMENT, WHICH BRINGS TOGETHER 75 OF THE BEST COLLEGIATE AMATEUR GOLFERS. THE FUNDS RAISED THROUGH TOURNAMENT FEES AND DONATIONS, AFTER EXPENSES, GO TOWARDS SUPPORTING THE WAYNE REYNOLDS AND EMPLOYEE SCHOLARSHIPS ON AN ANNUAL BASIS. IN TOTAL THE DOGWOOD ACTIVITIES INCLUDED $137,767 WORTH OF FUND RAISING, TOURNAMENT FEES AND SPONSORSHIPS. TOURNAMENT EXPENSES OF $144,167 RESULTED IN A NEW LOSS FOR THE FOUNDATION.
THE DOGWOOD FOUNDATION INC, A NON-PROFIT ORGANIZATION WITH TAX IDENTIFICATION NUMBER 58-2074988, WAS DISSOLVED BY THE BOARD'S ACTION ON DECEMBER 31, 2021. THE ORGANIZATION MERGED WITH ANOTHER NON-PROFIT ENTITY, THE DRUID HILLS GOLF FOUNDATION, INC. THE STATE OF GEORGIA SECRETARY OF STATE WAS INFORMED OF THIS DISSOLUTION ON JANUARY 7TH, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Avery Treasurer | 3 | $0 | |
Kenneth Barrett President | 3 | $0 | |
Andrew Saft Vice President | 3 | $0 | |
Joey Wheeler Secretary | 3 | $0 | |
Mark Rachwalski Board Member | 1 | $0 | |
Jeff Fancer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $121,121 |
| Interest on Savings | $845 |
| Dividends & Interest | $8,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $130,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,842 |
| Other expenses | $126,329 |
| Total operating and administrative expenses | $137,752 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $163,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,354 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $178,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $494,335 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Druid Hills Golf Club Foundation has awarded $43,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANTHONY FORD PURPOSE: SCHOLARSHIP | $6,000 |
GABRIEL LEWIS PURPOSE: SCHOLARSHIP | $3,000 |
LATRICIA ELLIOTT PURPOSE: SCHOLARSHIP | $3,000 |
SOLOMON DOBBS PURPOSE: SCHOLARSHIP | $3,000 |
DIAMOND NEWSOME SPRING PURPOSE: SCHOLARSHIP | $6,000 |
VICTORIA SAINTILL PURPOSE: SCHOLARSHIP | $2,000 |