Inner City Youth Golfers Incorporated
- Assets
- $396.1k
- Revenue
- $394.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 65-0978868
Organization Overview
Inner City Youth Golfers Incorporated is located in Palm Beach Gardens, FL. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inner City Youth Golfers Incorporated 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 12/2023, Inner City Youth Golfers Incorporated generated $394.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $250.7k during the year ending 12/2023. While expenses have increased by 43.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR YOUTH WITH POSITIVE PARALLEL LIFE SKILLS, VALUES,DRIVE, MOTICATION AND DISCIPLINE NEEDED TO PLAY THE GAME OF GOLF. TO INSTILL IN OUR YOUTH THE SPORTSMANSHIP, HONESTY, INTEGRITY, AND PERSERVERANCE NEEDED TO ENJOY THE GAME OF GOLF.TO PROMOTE RESPONSIBILITY, RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICYG FOUNDER & EXECUTIVE DIRECTOR WERE SELECTED TO PARTICIPATE IN THE DEI ROUND TABLE FOR PGA. FOUNDER MALACHI KNOWLES WAS INSTRUMENTAL IN THE ESTABLISHMENT OF THE VICTORIA KINGDOM COLLEGIATE FOUR (4) YEAR SCHOLARSHIP.ICYG CONTINUED ITS BACK OF THE HOUSE TOUR FOR A SECOND YEAR DURING THE HONDA CLASSIC GOLF TOURNAMENT AT PGA FOR ABOUT 30 YOUTH AND THEIR PARENTS AND GUARDIANS. ICYG AWARDED FOUR SCHOLARSHIPS TO DESERVING STUDENTS. ON MAY 2, 2023, WE WERE PRESENTED WITH A PROCLAMATION FROM THE PALM BEACH COUNTY BOARD OF COUNTY COMMISSIONERS PROCLAIMING MAY 25-29, 2023, AFRICAN AMERICA GOLFERS HALL OF FAME AND AFRICAN AMERICAN COLLEGIATE AND YOUTH GOLFERS HALL OF FAME WEEK. ICYG HOSTED THE AFRICAN AMERICAN GOLFERS HALL OF FAME AND THE AFRICAN AMERICAN COLLEGIATE AND YOUTH GOLFERS HALL OF FAME CELEBRATION. THIS CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF PALM BEACH COUNTY. ICYG CONTINUES TO SERVE AS THE GOLF CLINICIAN FOR THE ANNUAL KIDS FITNESS FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malachi Knowles President | 30 | $0 | |
John Knowles Vice President | 8 | $0 | |
Esmeralda Knowles Treasurer | 30 | $0 | |
Dennard Alfred Jr Secretary | 3 | $0 | |
Otto Nonnenmann Parliamentarian | 5 | $0 | |
Hyacinthia Becton Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,120 |
| Related organizations | $0 |
| Government grants | $245,116 |
| 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 | $246,236 |
| Total Program Service Revenue | $147,971 |
| Investment income | $0 |
| 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 | $394,207 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,891 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,386 |
| All other expenses | $0 |
| Total functional expenses | $250,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $29,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,131 |
| Accounts payable and accrued expenses | $4,124 |
| 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 | $4,124 |
| Net assets without donor restrictions | $392,007 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $396,131 |