Tournament Golf Foundation Inc
- Assets
- $39.6k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 93-1057953
Organization Overview
Tournament Golf Foundation Inc is located in Beaverton, OR. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tournament 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 12/2023, Tournament Golf Foundation Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOY SCOUTS
DOUGY CENTER
SOAP BOX DERBY
OREGON JUNIOR GOLF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Mccloskey Tournament Dr. | 20 | $0 | |
Mark Ganz Chair | 3 | $0 | |
Tom Maletis Past Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Img Worldwide Llc | 12/30/20 | $598,984 |
Columbia Edgewater Country Club | 12/30/20 | $133,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,745,536 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $2,745,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $13,322 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,671,682 |
| Total operating and administrative expenses | $2,857,592 |
| Contributions, gifts, grants paid | $2,920 |
| Total expenses and disbursements | $2,860,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,440 |
| Savings and temporary cash investments | $13,669 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,496 |
| Other assets | $0 |
| Total assets | $39,605 |
| Accounts payable and accrued expenses | $202,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $250,000 |
| Total liabilities | $452,005 |
Grants Awarded
Over the last fiscal year, Tournament Golf Foundation Inc has awarded $17,282 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON JUNIOR GOLF PURPOSE: HELP SUPPORT JUNIORS IN THE GAME. | $10,000 |
NORTH POLE STUDIO PURPOSE: HELP YOUNG KIDS WITH ART | $1,725 |
BOY SCOUTS PURPOSE: HELP YOUNG MEN AND WOMEN WITH SCOUTING | $1,750 |
SOAP BOX DERBY PURPOSE: HELP FUND UNPRIVILEGED KIDS' KITS TO BUILD CARS | $1,807 |
FIRST TEE OF OREGON PURPOSE: HELP KIDS LEARN GOLF | $2,000 |