Bluegrass Golf Foundation Inc
- Assets
- $12.9k
- Revenue
- $222.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2589056
Organization Overview
Bluegrass Golf Foundation Inc, operating under the name Bluegrass Golf Tour, is located in Louisville, KY. The organization was established in 2019. 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. Bluegrass Golf Tour 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 12/2022, Bluegrass Golf Tour generated $222.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $219.5k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 3 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
THE BLUEGRASS GOLF FOUNDATION, INC. ("FOUNDATION") PROMOTES AND ADVANCES THE GAME OF GOLF AS AN AMATEUR SPORT THROUGH TOURNAMENTS AND SPECIAL EVENTS. EDUCATION ABOUT OPTIONS AND EXPECTATIONS FOR INTERCOLLEGIATE COMPETITION IS PROVIDED PUBLICLY. THE FOUNDATION SUPPORTS PROGRAMS DEDICATED TO YOUTH DEVELOPMENT PROMOTING GOLF AND ITS LIFE ENHANCING VALUES. PLANNED ACTIVITIES INCLUDE AN EXTENSIVE SCHEDULE OF EVENTS FOR JUNIOR GOLFERS WITH EDUCATION PROGRAMS AVAILABLE PERIODICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLUEGRASS GOLF TOUR CONDUCTED THE CULLAN BROWN INVITATIONAL TO GENERATE CONTRIBUTIONS TO THE CULLAN BROWN MEMORIAL WEST KENTUCKY JUNIOR GOLF DEVELOPMENT FUND. A TOTAL OF NEARLY $4,169 IN CONTRIBUTIONS WERE GENERATED PAID TO THE MEMORIAL FUND WITH A DIRECT CHECK FROM THE BLUEGRASS GOLF FOUNDATION.
THE EDDIE MONTGOMERY BATTLE OF THE SEXES MATCHES A TEAM OF BOYS AGAINST A TEAM OF GIRLS WITH EACH PLAYER COLLECTING DONATIONS TO SUPPORT PARTICIPATING IN THE EVENT. A TOTAL OF $4,060 IN CONTRIBUTIONS WERE SPLIT BETWEEN ST. JUDE AND KOSAIR CHARITIES AS A RESULT OF THIS EVENT.
A TOTAL OF 76 ADDITIONAL TOURNAMENTS CONSISTING OF OPEN OR INVITATIONAL EVENTS WERE CONDUCTED IN 2022. EACH EVENT CONTRIBUTES TO EXPENSES BASED ON TOURNAMENT EXPENSES TO HOST FACILITIES, AWARDS, PROCESSING FEES, INFORMATION TECHNOLOGY, TRAVEL EXPENSES, AND OTHER EVENT RELATED EXPENSES.
BLUEGRASS CUP IS A FOUNDATION EVENT THAT TAKES PLACE AT THE END OF THE SEASON SUPPORTED BY DONATIONS. THE PARTICIPANTS EARN THEIR SPOT IN THE BLUEGRASS CUP THROUGH THEIR PLACEMENT ON THE PLAYER OF THE YEAR LISTS IN PRIMARY AGE DIVISIONS. A BANQUET RECOGNIZING THE PLAYERS OF THE YEAR AND STEWART GREGORY AWARD WINNERS TAKES PLACE DURING THIS EVENT. PROCEEDS FROM THE EVENT SUPPORT THE PLAYING FOR MASON FOUNDATION WITH A CHECK OF $1,337 PRESENTED TO THE CHARITY PARTNER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Redle Executive Director | Officer | 55 | $46,440 |
Paula Clements Director | Trustee | 1 | $0 |
Brian Courtney Director | Trustee | 1 | $0 |
Cory Kaufman Director | Trustee | 1 | $0 |
Kendall Johnson Director | Trustee | 1 | $0 |
Grover Justice Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,055 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,694 |
| Total Program Service Revenue | $199,397 |
| 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 | $222,091 |
| 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. | $46,440 |
| Compensation of current officers, directors, key employees. | $46,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,117 |
| Pension plan accruals and contributions | $2,580 |
| Other employee benefits | $5,414 |
| Payroll taxes | $12,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,191 |
| Office expenses | $4,962 |
| Information technology | $14,619 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $621 |
| Interest | $0 |
| Payments to affiliates | $79,884 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,227 |
| All other expenses | $0 |
| Total functional expenses | $219,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,885 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,885 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $12,885 |
| Total liabilities and net assets/fund balances | $12,885 |