Kga - Pga Inc
- Assets
- $618.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Louisville, KY
- Founding
- 09/1979
- Data as of
- 12/2021
- 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 12/2021, Kga - Pga Inc employed 15 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 12/2021, Kga - Pga Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $924.0k during the year ending 12/2021. While expenses have increased by 3.5% 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
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 |
|---|---|---|---|
Jeff Adkerson Executive Director | Officer | 45 | $143,225 |
Dave Nicholas Director | OfficerTrustee | 1 | $0 |
Danny Baron Director | Trustee | 1 | $0 |
Charles Whelan Director | Trustee | 1 | $0 |
Phil Armbruster Director | Trustee | 1 | $0 |
Chad Martin 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 | $1,015,727 |
| Investment income | $29 |
| 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 | $1,017,256 |
| 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. | $143,225 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,257 |
| Pension plan accruals and contributions | $28,316 |
| Other employee benefits | $55,976 |
| Payroll taxes | $50,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,998 |
| Office expenses | $48,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,200 |
| Travel | $13,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,068 |
| Insurance | $23,932 |
| All other expenses | $0 |
| Total functional expenses | $924,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,994 |
| Savings and temporary cash investments | $146,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,300 |
| 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 | $2,850 |
| Net Land, buildings, and equipment | $41,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $618,752 |
| Accounts payable and accrued expenses | $57,045 |
| 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 | $57,045 |
| 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 | $561,707 |
| Total liabilities and net assets/fund balances | $618,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nba Players Health And Welfare Benefit Plan Richmond, VA | $372,592,572 | $51,539,537 |
National Association Of Christian Athletes Dayton, TN | $516,382 | $1,611,461 |
Kentucky Section Of The Pga Of America Louisville, KY | $1,128,161 | $772,480 |
Kga - Pga Inc Louisville, KY | $618,752 | $1,017,256 |
Iga-Pga Inc Franklin, IN | $131,626 | $687,601 |
Indoor Football League Midlothian, VA | $630,646 | $423,204 |
Midwest Section Pga Of America Blue Springs, MO | $664,790 | $560,336 |
International League Of Professional Baseball Clubs Dublin, OH | $0 | $91,514 |
Msa & Circus Arts Chicago, IL | $71,830 | $350,273 |
Flinn Place Inc Marion, IN | $748,837 | $151,932 |
Nba Housing Of St Louis-Columbia- Boone County Mo Inc Columbia, MO | $819,594 | $141,717 |
Professional Soccer Referees Association Inc Alexandria, VA | $560,039 | $215,330 |