Invitational Foundation Inc
- Assets
- $29.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-4053547
Organization Overview
Invitational Foundation Inc is located in Jacksonville, FL. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Invitational 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 12/2022, Invitational Foundation Inc generated $13.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE INVITATIONAL FOUNDATION IS OUR SINGLE ANNUAL EVENT TO BRING TOGETHER INDIVIDUALS WHO ARE PASSIONATE ABOUT THE GAME OF GOLF AND ABOUT PROVIDING EDUCATIONAL OPPORTUNITIES FOR YOUNG MEN IN THE LOCAL COMMUNITY TO ATTEND HIGHER EDUCATION. THE INVITATIONAL FOUNDATION IS SET UP TO PLAY AN ANNUAL GOLF TOURNAMENT AND RAISE FUNDS TO PRESENT A SCHOLARSHIP FOR THE DESERVING YOUNG MAN WE FIND MOST READY TO TAKE ON A HIGHER EDUCATION CHALLENGE. WE WORK WITH LOCAL CHURCHES TO NOMINATE AND SELECT BEST CANDIDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stallings Chairman | 1 | $0 | |
Alfred Zollar Sr Vice Chairman | 1 | $0 | |
Dexter Henderson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,250 |
| Other Revenue | $0 |
| Total Revenue | $13,250 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $873 |
| Total expenses | $8,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,243 |
| Other assets | $0 |
| Total assets | $29,443 |
| Total liabilities | $50 |
| Net assets or fund balances | $29,393 |