U S Kids Golf Foundation Inc
- Assets
- $6.7m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Norcross, GA
- Founding
- 05/2004
- Data as of
- 12/2019
- EIN
- 80-0025870
Organization Overview
U S Kids Golf Foundation Inc is located in Norcross, GA. The organization was established in 2004. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Kids Golf Foundation Inc 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 12/2019, U S Kids Golf Foundation Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $10.1m during the year ending 12/2019. While expenses have increased by 8.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
OPERATION OF LOCAL, REGIONAL AND WORLD CHAMPIONSHIP GOLF QUALIFIERS; WORLD CHAMPIONSHIP GOLF TOURNAMENTS AND FAMILY GOLF CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan B Van Horn Officer | 20 | $156,100 | |
Jennifer L Van Horn Officer | 5 | $0 | |
Dewey Crim Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dondee Golf Enterprises Inc | 12/30/19 | $80,409 |
K & J Sports Llc | 12/30/19 | $64,364 |
Eleonora Fiachetti Geerts | 12/30/19 | $88,303 |
Tarheel Communications Solutions Llc | 12/30/19 | $59,734 |
Natalia Leal Ramirez De Arellando | 12/30/19 | $81,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $1,846,387 |
| Other Income | $8,261,105 |
| Total Revenue | $10,107,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,100 |
| Other employee salaries and wages | $1,438,081 |
| Pension plans, employee benefits | $171,958 |
| Interest | $94,381 |
| Taxes | $171,952 |
| Depreciation | $419,555 |
| Occupancy | $220,053 |
| Travel, conferences, and meetings | $88,842 |
| Printing and publications | $0 |
| Other expenses | $7,177,212 |
| Total operating and administrative expenses | $10,063,462 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,063,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,758 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $42,232 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $48,541 |
| Inventories for sale or use | $198,349 |
| Prepaid expenses and deferred charges | $60,734 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,995,303 |
| Other assets | $14,105 |
| Total assets | $6,729,022 |
| Accounts payable and accrued expenses | $340,959 |
| Grants payable | $0 |
| Deferred revenue | $436,560 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,034,360 |
| Other liabilities | $2,814,493 |
| Total liabilities | $4,626,372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that U S Kids Golf Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
2006 Edward S Rosenblum Foundation Sunbury, PA PURPOSE: TEACH KIDS GOLF AND LIFE LESSONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club At Woodfield Boca Raton, FL | $114,112,099 | $27,047,625 |
The Florida State Golf Association Inc Temple Terrace, FL | $5,793,122 | $9,469,778 |
The Club At Mediterra Inc Naples, FL | $61,714,478 | $19,683,733 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL | $88,241,842 | $96,357,278 |
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |