Professional Golfers Association Of America-New Jersey Section
- Assets
- $1.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Bedminster, NJ
- Founding
- 11/1973
- Data as of
- 12/2023
- EIN
- 23-7240477
Organization Overview
Professional Golfers Association Of America-New Jersey Section is located in Bedminster, NJ. The organization was established in 1973. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Professional Golfers Association Of America-New Jersey Section employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Golfers Association Of America-New Jersey Section is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Professional Golfers Association Of America-New Jersey Section generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
TO PROMOTE PUBLIC INTEREST IN THE GAME OF GOLF, ELEVATE THE STANDARDS AND ESTEEM OF THE GOLF PROFESSIONAL VOCATION, AND SERVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE GAME OF GOLF THROUGH PLAYING OPPORTUNITIES, MEETINGS, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Hook President | OfficerTrustee | 5 | $0 |
Kevin Beirne Vice President/treasurer | OfficerTrustee | 5 | $0 |
Reed Lansinger Secretary | OfficerTrustee | 5 | $0 |
Peter Chang Board Of Director | Trustee | 5 | $0 |
Michael Docktor Board Of Director | Trustee | 5 | $0 |
Chris Dymek Board Of Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,696,481 |
| Investment income | $12,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,680,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,187 |
| 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. | $238,244 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $546,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,891 |
| Payroll taxes | $61,319 |
| 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 | $22,124 |
| Advertising and promotion | $23,294 |
| Office expenses | $11,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $69,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,389 |
| Insurance | $17,498 |
| All other expenses | $43,978 |
| Total functional expenses | $2,668,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,918 |
| Savings and temporary cash investments | $60,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,435 |
| 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 | $4,450 |
| Net Land, buildings, and equipment | $14,845 |
| Investments—publicly traded securities | $332,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,128,552 |
| Accounts payable and accrued expenses | $59,123 |
| Grants payable | $0 |
| Deferred revenue | $225,539 |
| 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 | $20,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,658 |
| Total liabilities | $314,560 |
| Net assets without donor restrictions | $813,992 |
| 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 | $1,128,552 |
Grants Awarded
Over the last fiscal year, Professional Golfers Association Of America-New Jersey Section has awarded $17,755 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NJ GOLF FOUNDATION PURPOSE: PROMOTE GAME OF GOLF | $11,175 |
FOH PATRIOT GOLF DAYS PURPOSE: PROMOTE GAME OF GOLF | $6,580 |