Par 3 Foundation Inc
- Assets
- $309.6k
- Revenue
- $61.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-2656681
Organization Overview
Par 3 Foundation Inc is located in Palm Beach, FL. The organization was established in 2008. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Par 3 Foundation Inc 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, Par 3 Foundation Inc generated $61.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $28.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOOK-A-KID-ON-GOLF EDUCATIONAL SUMMER PROGRAM; EDUCATES STUDENTS ABOUT GOLF AND VIRTUES THAT INCLUDE HONOR, INTEGRITY & TRUTHFULNESS THROUGH PROVIDING AN ENVIRONMENT TO PRACTICE APPLYING THESE QUALITIES TO REAL-LIFE SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clark Director | 1 | $0 | |
Howard Cox Director | 1 | $0 | |
Marjorie Fisher Director | 1 | $0 | |
Stephen Hall Director | 1 | $0 | |
Danielle Hickox-Moore Director | 1 | $0 | |
Karin Luter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,810 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,400 |
| Total Revenue | $61,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $251 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $51 |
| Other expenses | $24,125 |
| Total operating and administrative expenses | $25,927 |
| Contributions, gifts, grants paid | $2,609 |
| Total expenses and disbursements | $28,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,630 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $309,630 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Par 3 Foundation Inc has awarded $9,260 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF PALM BEACH PAR 3 GOLF COURSE PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $1,010 |
THE FIRST TEE OF THE PALM BEACHES PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $8,250 |