Pga Reach Carolinas Foundation
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Browns Summit, NC
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-3708530
Organization Overview
Pga Reach Carolinas Foundation is located in Browns Summit, NC. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pga Reach Carolinas Foundation 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, Pga Reach Carolinas Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $847.9k during the year ending 12/2023. While expenses have increased by 21.1% per year over the past 5 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
THE PGA REACH CAROLINAS FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION AND PHILANTHROPIC ARM OF THE CAROLINAS PGA SECTION. WE ARE COMMITTED TO SERVING OUR COMMUNITIES AND GROWING THE GAME OF GOLF THROUGH OUR THREE PILLARS- YOUTH, MILITARY, AND DIVERSITY & INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROWING THE GAME OF GOLF VIA EVENTS FOR YOUTH, MILITARY AND INCLUSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Byrd President | OfficerTrustee | 1 | $0 |
Josh Wagaman Vice President | OfficerTrustee | 1 | $0 |
Jeff Avant Secretary | OfficerTrustee | 1 | $0 |
Bob Byrnes Past President | Trustee | 1 | $0 |
Ken Haigler Trustee | Trustee | 1 | $0 |
Jeff Abbot Executive Director | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,652 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,953 |
| Noncash contributions included in lines 1a–1f | $71,458 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,605 |
| Total Program Service Revenue | $400,705 |
| Investment income | $18,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,737 |
| Net Income from Fundraising Events | -$19,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,074,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,965 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $359,742 |
| 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 | $4,579 |
| Fees for services: Other | $257,660 |
| Advertising and promotion | $5,000 |
| Office expenses | $15,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,859 |
| 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 | $1,645 |
| Insurance | $0 |
| All other expenses | $703 |
| Total functional expenses | $847,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,507 |
| Savings and temporary cash investments | $21,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,086 |
| 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 | $21,380 |
| Investments—publicly traded securities | $846,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,038 |
| Total assets | $1,318,457 |
| Accounts payable and accrued expenses | $53,587 |
| Grants payable | $0 |
| Deferred revenue | $50,203 |
| 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 | $103,790 |
| Net assets without donor restrictions | $1,203,765 |
| Net assets with donor restrictions | $10,902 |
| 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 | $1,318,457 |
Grants Awarded
Over the last fiscal year, Pga Reach Carolinas Foundation has awarded $16,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOORE FREE AND CHARITABLE CLINIC INC PURPOSE: PROGRAM SERVICE | $11,500 |
INDEPENDENCE HIGH SCHOOL ATHLETIC BOOSTER CLUB PURPOSE: PROGRAM SERVICE | $5,200 |