Minnesota Golf Charity Events
- Assets
- $103.2k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 29
- Location
- Minneapolis, MN
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 23-7163107
Organization Overview
Minnesota Golf Charity Events is located in Minneapolis, MN. The organization was established in 1972. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Minnesota Golf Charity Events employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Golf Charity Events 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 12/2022, Minnesota Golf Charity Events generated $200.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $237.8k during the year ending 12/2022. While expenses have increased by 8.3% 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.
Since 2020, Minnesota Golf Charity Events has awarded 12 individual grants totaling $240,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE CRITICAL FUNDS FOR ORGANIZATIONS SUPPORTING MINNESOTANS LIVING WITH DEVELOPMENTAL AND LEARNING DISABILITIES.
Describe the Organization's Program Activity:
MINNESOTA GOLF CHARITY EVENTS RAISES CHARITABLE FUNDS THROUGH TWO GOLF EVENTS AND LAWFUL CHARITABLE GAMBLING. THE MONEY DONATED TO ORGANIZATIONS IS PROVIDED FOR OPERATING EXPENSES. FOR MANY NON-PROFIT AGENCIES, THE BULK OF THEIR CHARITABLE SUPPORT IS TIED TO SPECIFIC GRANT-FUNDED PROGRAMS. THIS CAN MAKE IT PARTICULARLY DIFFICULAT FOR NON-PROFITS TO HANDLE THE DAY-TO-DAY WORK THEY NEED TO CARRY OUT SUPPORT OF THEIR PROGRAMS AND THEIR EMPLOYEES. THE MN GOLF CHARITY FUNDING IS DESIGNED TO HELP THEM BRIDGE THIS GAP.
MINNESOTA GOLF CHARITY EVENTS PROVIDES COMMUNITY-WIDE VISIBILITY TO THE AGENCIES WE SUPPORT AND THE PEOPLE THEY SERVE. DUE TO THE LONGSTANDING TRADITION AND HISOTRY OF OUR GOLF TOURNAMENTS, WE RECEIVE SIGNIFICANT LOCAL MEDIA COVERRAGE FOR OUR EVENTS. THIS ALLOWS US TO FOCUS THE PSOTLIGHT ON THE PEOPLE AND ORGANIZATIONS THAT WE SUPPORT. THE COMMUNICTY THEN RECEIVES MORE EDUCATION ABOUT THE VARIOUS DISABILITIES THAT EXIST AND THE NEEDS OF THE PEOPLE WHO LIVE WITH THESE DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Tollette CEO | Officer | $0 | |
Phil Anderson Chair/treasu | Officer | $0 | |
Nick Boerum Vice Chair | Officer | $0 | |
Joel Burger Secretary | Officer | $0 | |
Amanda Ballard Board Member | Trustee | $0 | |
Chris Cachuela Board Member | Trustee | $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 | $138,035 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,035 |
| Total Program Service Revenue | $0 |
| 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 | $93,238 |
| Net Income from Gaming Activities | -$31,280 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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 | $3,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,876 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,410 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $237,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,431 |
| Savings and temporary cash investments | $0 |
| 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 | $3,898 |
| Prepaid expenses and deferred charges | $135 |
| Net Land, buildings, and equipment | $31,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,227 |
| Total assets | $103,213 |
| Accounts payable and accrued expenses | $9,823 |
| 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 | $45,000 |
| Total liabilities | $54,823 |
| Net assets without donor restrictions | $48,390 |
| 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 | $103,213 |
Grants Awarded
Over the last fiscal year, Minnesota Golf Charity Events has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING WELL DISABILITIES PURPOSE: OPERATING EXPENSES | $15,000 |
ARC MINNESOTA PURPOSE: OPERATING EXPENSES | $15,000 |
PGA REACH MINNESOTA PURPOSE: OPERATING EXPENSES | $15,000 |
PROACT PURPOSE: OPERATING EXPENSES | $15,000 |