Astros Golf Foundation
- Assets
- $9.6m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-1791157
Organization Overview
Astros Golf Foundation is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Astros Golf 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 12/2021, Astros Golf Foundation generated $24.9m in total revenue. All expenses for the organization totaled $22.1m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING THE LIVES OF HOUSTONIANS AND EMPOWERING THE COMMUNITY THROUGH THE GAME OF GOLF
Describe the Organization's Program Activity:
Part 3 - Line 4a
PGA PRO GOLF TOURNAMENT, THE HOUSTON OPEN, WAS PLAYED NOVEMBER 11TH-14TH, 2021. THE EVENT RAISED FUNDS FOR 501(C)(3) CHARITIES IN THE HOUSTON AREA. THE HOUSTON OPEN ACTIVITY INCLUDES THE HOUSTON PRO-AM AND THE HOUSTON JUNIOR PRO-AM EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Callaway Tournament Director | 40 | $233,561 | |
Brian White Sales Manager | 40 | $165,952 | |
Giles Kibbe President & Director | OfficerTrustee | 10 | $100,000 |
Jared Crane Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Michael Slaughter Treasurer & Director | OfficerTrustee | 2 | $0 |
James R Crane 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 | $4,097,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,097,453 |
| Total Program Service Revenue | $20,842,416 |
| Investment income | $1,176 |
| 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 | $24,941,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,192,713 |
| 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. | $499,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,528 |
| Pension plan accruals and contributions | $10,541 |
| Other employee benefits | $87,696 |
| Payroll taxes | $44,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,559 |
| Fees for services: Accounting | $36,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $290,952 |
| Office expenses | $105,752 |
| Information technology | $18,515 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $132,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,985 |
| Insurance | $79,547 |
| All other expenses | $0 |
| Total functional expenses | $22,133,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,611 |
| Savings and temporary cash investments | $4,287,847 |
| Pledges and grants receivable | $2,095,883 |
| Accounts receivable, net | $866,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,347 |
| Prepaid expenses and deferred charges | $117,954 |
| Net Land, buildings, and equipment | $15,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $910,000 |
| Total assets | $9,630,590 |
| Accounts payable and accrued expenses | $5,291,263 |
| Grants payable | $0 |
| Deferred revenue | $3,407,249 |
| 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 | $3,503,783 |
| Other liabilities | $0 |
| Total liabilities | $12,202,295 |
| Net assets without donor restrictions | -$4,609,363 |
| Net assets with donor restrictions | $2,037,658 |
| 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 | $9,630,590 |
Grants Awarded
Over the last fiscal year, Astros Golf Foundation has awarded $4,192,113 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: CHARITABLE PROJECTS | $2,000,000 |
Houston, TX PURPOSE: CHARITABLE PROJECTS | $1,630,613 |
Houston, TX PURPOSE: CHARITABLE PROJECTS | $500,000 |
Washington, DC PURPOSE: CHARITABLE PROJECTS | $50,000 |
BABE AND GEORGE ZAHARIAS GOLF FOUNDATION INC PURPOSE: CHARITABLE PROJECTS | $11,500 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Astros Golf Foundation has recieved totaling $1,159,935.
| Awarding Organization | Amount |
|---|---|
Robert & Janice Mcnair Foundation Houston, TX PURPOSE: SUPPORT TOWARD THE RENOVATION OF THE MEMORIAL PARK GOLF COURSE. | $666,667 |
Bosarge Family Foundation Houston, TX PURPOSE: GENERAL SUPPORT OF ORGANIZATION | $200,000 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX PURPOSE: GENERAL OPERATIONS | $200,000 |
Harbourview Care Center Inc League City, TX PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS CAUSE. | $30,000 |
Brian W And Irene H Binash Foundation Inc Houston, TX PURPOSE: CHARITABLE | $23,268 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |