Button Hole
- Assets
- $5.8m
- Revenue
- $1.5m
- Investments
- $782.1k
- Employees
- 45
- Location
- Providence, RI
- Founding
- 08/1998
- Data as of
- 10/2023
- EIN
- 05-0497481
Organization Overview
Button Hole is located in Providence, RI. The organization was established in 1998. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Button Hole employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Button Hole 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 10/2023, Button Hole generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.3m during the year ending 10/2023. While expenses have increased by 8.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUTTON HOLE ENRICHES THE LIVES OF YOUNG PEOPLE BY PROVIDING FACILITIES AND PROGRAMS THAT DEVELOP STRONG CHARACTER, TEACH LIFE LESSONS AND CHAMPION SUCCESS THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGARDLESS OF RACE AND ECONOMIC BACKGROUND, BUTTON HOLE STRIVES TO BREAK DOWN THE FINANCIAL AND SOCIAL BARRIERS TO THE GAME OF GOLF. WORKING WITH COMMUNITY LEADERS FROM VARIOUS YOUTH SOCIAL SERVICE AGENCIES SUCH AS JOHN HOPE SETTLEMENT HOUSE; WEST END COMMUNITY CENTER; ALL ELEVEN BRANCHES OF THE PROVIDENCE RECREATION DEPARTMENT NEIGHBORHOOD CENTERS; SAN MIGUEL SCHOOL; ACHIEVEMENT FIRST ELEMENTARY AND HIGH SCHOOL; PASA (PROVIDENCE AFTER SCHOOL ALLIANCE) DEL SESTO MIDDLE SCHOOL; AND MANY OTHER LOCAL SCHOOLS AND GROUPS BUTTON HOLE EXPANDED ITS PROGRAMS TO LOCAL MINORITY YOUTH. OVER 373 LOCAL KIDS FROM VARIOUS PROVIDENCE SCHOOLS AND AGENCIES PARTICIPATED IN THE MULTI-SESSION PROGRAMS THROUGHOUT THE YEAR. EQUIPMENT AND INSTRUCTION WERE PROVIDED AT NO CHARGE FOR THESE KIDS. ADDITIONALLY, ANOTHER 383 LOCAL RI KIDS PARTICIPATED IN THE MULTI-SESSION PROGRAMS AT A MINIMAL FEE OF $100 PER CHILD.PARENTS, TEACHERS AND MORE IMPORTANTLY THE YOUTH REPORTED GREAT SATISFACTION WITH THE PROGRAM AND ENJOYED LEARNING GOLF, MANY FOR THE FIRST TIME. A JUNIOR GOLF LEAGUE WAS CONDUCTED EVERY MONDAY IN THE SUMMER IN WHICH 35 KIDS PARTICIPATED REGULARLY. SOME KIDS ENJOYED TRAVELING TO LOCAL COURSES TO PLAY AND EXPERIENCE A "BIG" COURSE.ADDITIONALLY, BUTTON HOLE HOSTED GOLF PROGRAMS FOR SPECIAL OLYMPICS OF RHODE ISLAND THROUGHOUT THE SPRING AND SUMMER. VETERANS PARTICIPATED IN TWICE MONTHLY GOLF CLINICS THROUGHOUT THE SEASON. A WOMEN'S LEAGUE HAD 45 PARTICIPANTS PLAYING EVERY WEDNESDAY EVENING THROUGHOUT THE SEASON.BUTTON HOLE ASSISTED THE ACHIEVEMENT FIRST HIGH SCHOOL GOLF TEAM WITH EQUIPMENT, PRACTICE FACILITY AND TRANSPORTATION AS THEY PARTICIPATED IN THE RHODE ISLAND INTERSCHOLASTIC LEAGUE FOR THE SECOND YEAR.THE FACILITY'S DRIVING RANGE AND COURSE WERE OPEN TO THE PUBLIC AND 2023 ACTIVITY WAS AT THE HIGHEST LEVEL IN 23 YEARS OF OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Amado Director | Trustee | 1 | $0 |
John Auclair Vice President | OfficerTrustee | 1 | $0 |
Kay Bullock Director | Trustee | 1 | $0 |
Mike Falvey Treasurer | OfficerTrustee | 1 | $0 |
Larry Flynn Director | Trustee | 1 | $0 |
Jeff Giguere Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $175,323 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $629,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,612 |
| Total Program Service Revenue | $579,298 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,810 |
| Net Gain/Loss on Asset Sales | -$180 |
| Net Income from Fundraising Events | -$48 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,780 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,497,272 |
| 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. | $103,814 |
| Compensation of current officers, directors, key employees. | $5,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,412 |
| Payroll taxes | $78,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,628 |
| Fees for services: Other | $28,276 |
| Advertising and promotion | $12,606 |
| Office expenses | $29,620 |
| Information technology | $11,313 |
| Royalties | $0 |
| Occupancy | $29,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,892 |
| Insurance | $36,809 |
| All other expenses | $2,277 |
| Total functional expenses | $1,328,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $1,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,969 |
| Prepaid expenses and deferred charges | $14,372 |
| Net Land, buildings, and equipment | $4,672,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $782,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,844,728 |
| Accounts payable and accrued expenses | $37,331 |
| Grants payable | $0 |
| Deferred revenue | $17,889 |
| 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 | $364,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $419,292 |
| Net assets without donor restrictions | $4,643,339 |
| Net assets with donor restrictions | $782,097 |
| 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 | $5,844,728 |