Greater Houston Golf Charity
- Assets
- $5.5m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Spring, TX
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 20-0221984
Organization Overview
Greater Houston Golf Charity is located in Spring, TX. The organization was established in 2004. 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. As of 06/2023, Greater Houston Golf Charity employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Houston Golf Charity 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 06/2023, Greater Houston Golf Charity generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.5m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 7 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
PRIMARY PURPOSE IS TO HOLD AN ANNUAL GOLF TOURNAMENT, EDUCATE GOLFERS, AND CONTRIBUTE ALL SURPLUS PROCEEDS TO A WIDE VARIETY OF LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED TO LOCAL AREA CHARITIES FROM THE PROCEEDS OF THE GOLF TOURNAMENT, PRO-AM EVENT AND OTHER RELATED FUNDRAISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Mincks Board Member | OfficerTrustee | 1 | $0 |
Tony Carr Board Member | Trustee | 1 | $0 |
Joe Clearly Board Member | Trustee | 1 | $0 |
Jay Dreibelbis Board Member | Trustee | 1 | $0 |
Charlie Epps Board Member | Trustee | 1 | $0 |
Alfred Flores Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirbys Prime Steakhouse Merchandise Services | 6/29/23 | $440,454 |
Shaffer Sports Course Operations | 6/29/23 | $736,938 |
Pro Links Sports Management Services | 6/29/23 | $1,080,000 |
Insperity Hr & Payroll Services | 6/29/23 | $250,000 |
Salem Sports Events Llc Pga Tournament Tent | 6/29/23 | $239,268 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,682,913 |
| 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 | $11,682,913 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $482 |
| Payroll taxes | $536 |
| Fees for services: Management | $1,075,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $320,006 |
| Office expenses | $138,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,994 |
| Travel | $46,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,308 |
| Insurance | $0 |
| All other expenses | $2,104,942 |
| Total functional expenses | $11,497,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,714,920 |
| 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 | $73,051 |
| Net Land, buildings, and equipment | $269,623 |
| Investments—publicly traded securities | $2,064,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,508,243 |
| Accounts payable and accrued expenses | $449,668 |
| Grants payable | $0 |
| Deferred revenue | $700,000 |
| 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 | $21,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $219,702 |
| Total liabilities | $1,391,180 |
| Net assets without donor restrictions | $4,117,063 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,508,243 |