Midwest Section Pga Foundation
- Assets
- $510.0k
- Revenue
- $219.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Blue Springs, MO
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-8550277
Organization Overview
Midwest Section Pga Foundation, operating under the name Pga Reach Midwest, is located in Blue Springs, MO. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pga Reach Midwest 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 Midwest generated $219.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $150.8k during the year ending 12/2023. While expenses have increased by 8.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE AND/OR RESOURCES FOR QUALIFIED CHARITABLE ORGANIZATIONS AND EDUCATIONAL PURPOSES. THE MIDWEST FOUNDATION WILL CREATE AND ESTABLISH ACTIVITY-BASED AND EDUCATIONAL GOLF PROGRAMS WHICH CONVEY THE SOCIAL AND LIFE VALUES OF THE GAME REGARDLESS OF HEALTH CONDITIONS, GENDER, AGE, SOCIOECONOMIC BACKGROUND, OR PLAYING ABILITY.
Describe the Organization's Program Activity:
THE MIDWEST FOUNDATION HELD A NUMBER OF GOLF EVENTS TO BRING AWARENESS AND TO PROVIDE FINANCIAL ASSISTANCE AND RESOURCES TO CHARITABLE ORGANIZATIONS. IT ALSO HELPED SCHOOLS SET UP PROGRAMS THROUGH THE "START NEW AT GOLF" PROGRAM FOR JUNIORS TO BE INTRODUCED TO THE GAME OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Hanna President | OfficerTrustee | 1 | $0 |
Scott Wempe Vice President | OfficerTrustee | 1 | $0 |
Luke Smith Secretary | OfficerTrustee | 1 | $0 |
Steve King Honorary President | OfficerTrustee | 1 | $0 |
David Resch Board Member | Trustee | 1 | $0 |
Ty Keisker Board Member | Trustee | 1 | $0 |
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 | $60,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,872 |
| Total Program Service Revenue | $135,328 |
| Investment income | $15,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,531 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $58,023 |
| Advertising and promotion | $4,095 |
| Office expenses | $18,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,641 |
| 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 | $467 |
| Insurance | $503 |
| All other expenses | $697 |
| Total functional expenses | $150,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,876 |
| Savings and temporary cash investments | $2 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,060 |
| Investments—publicly traded securities | $328,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,130 |
| Total assets | $509,992 |
| Accounts payable and accrued expenses | $300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $300 |
| Net assets without donor restrictions | $473,928 |
| Net assets with donor restrictions | $35,764 |
| 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 | $509,992 |
Grants Awarded
Over the last fiscal year, Midwest Section Pga Foundation has awarded $36,295 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOLF FOUNDATION OF KANSAS CITY PURPOSE: SUPPORT THE FUTURE OF THE GOLF COMMUNITY OF KANSAS CITY | $10,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: SUPPORT THE VETERANS OF THE GOLF COMMUNITY | $6,295 |
THOMAS S WATSON SUPPORTING FOUNDATION PURPOSE: SUPPORT THE GOLF COMMUNITY | $20,000 |