Kga - Pga Inc
- Assets
- $704.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Louisville, KY
- Founding
- 09/1979
- Data as of
- 12/2022
- EIN
- 61-0941146
Organization Overview
Kga - Pga Inc is located in Louisville, KY. The organization was established in 1979. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Kga - Pga Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kga - Pga Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Kga - Pga Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $951.3k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADMINISTRATIVE SERVICES AND SUPPORT TO KENTUCKY'S FAMILY OF GOLF ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF KENTUCKY GOLF FOUNDATION, KENTUCKY GOLF ASSOCIATION, AND KENTUCKY SECTION PGA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Armbruster Director | Trustee | 1 | $0 |
Danny Baron Vice President | OfficerTrustee | 1 | $0 |
Craig Heibert Director | Trustee | 1 | $0 |
Dan Wilhelm Director | Trustee | 1 | $0 |
Jim Thompson President | OfficerTrustee | 1 | $0 |
Dean Terry Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,028,997 |
| Investment income | $455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,029,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,453 |
| 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. | $183,880 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,541 |
| Pension plan accruals and contributions | $24,484 |
| Other employee benefits | $54,820 |
| Payroll taxes | $53,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,734 |
| Fees for services: Accounting | $3,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,795 |
| Office expenses | $46,891 |
| Information technology | $1,466 |
| Royalties | $0 |
| Occupancy | $43,200 |
| Travel | $9,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,092 |
| Insurance | $27,810 |
| All other expenses | $0 |
| Total functional expenses | $951,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,961 |
| Savings and temporary cash investments | $146,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,343 |
| 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 | $27,465 |
| Net Land, buildings, and equipment | $36,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $704,740 |
| Accounts payable and accrued expenses | $64,896 |
| 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 | $64,896 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $639,844 |
| Total liabilities and net assets/fund balances | $704,740 |