Par 3 Foundation Inc
- Assets
- $277.0k
- Revenue
- $61.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 11/2008
- Data as of
- 12/2021
- 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 12/2021, Par 3 Foundation Inc generated $61.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $29.9k during the year ending 12/2021. 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
2021
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 | |
Jacqueline Desmarais Director | 1 | $0 | |
Marjorie Fisher Director | 1 | $0 | |
Raymond Floyd Director | 1 | $0 | |
Howard Cox Director | 1 | $0 | |
Gerald Goldsmith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,261 |
| 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 | $46,775 |
| Total Revenue | $61,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,075 |
| Total operating and administrative expenses | $29,648 |
| Contributions, gifts, grants paid | $250 |
| Total expenses and disbursements | $29,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,956 |
| 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 | $276,956 |
| 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 $18,520 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE FIRST TEE OF THE PALM BEACHES PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $8,250 |
THE FIRST TEE OF THE PALM BEACHES PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $8,250 |
TOWN OF PALM BEACH PAR 3 GOLF COURSE PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $1,010 |
TOWN OF PALM BEACH PAR 3 GOLF COURSE PURPOSE: HOOK-A-KID-ON-GOLF SUMMER PROGRAM | $1,010 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Par 3 Foundation Inc has recieved totaling $7,850.
| Awarding Organization | Amount |
|---|---|
Mae Cadwell Rovensky Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,450 |
Richard J Phelps Charitable Foundation Topsfield, MA PURPOSE: GENERAL | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pechter Family Foundation Boca Raton, FL | $10,273,716 | $1,158,819 |
Dailys Foundation Inc Jacksonville, FL | $115,385 | $1,208,965 |
Change For Change Of Tampabay Inc Seminole, FL | $1,756 | $607,470 |
Heroes Journey Inc Riverview, FL | $27,686 | $473,098 |
Liz Whitney Tippett Foundation Inc Palm Coast, FL | $4,511,994 | $188,359 |
Wounded Warriors Of Collier County Inc Naples, FL | $1,196,806 | $986,317 |
Georgia Credit Union Foundation Duluth, GA | $281,860 | $200,370 |
Just Our Soldiers Helpers Inc Longwood, FL | $104,029 | $0 |
Empty Bowls Naples Inc Naples, FL | $88,781 | $164,104 |
Madisons Miracles Incorporated Stuart, FL | $67,569 | $0 |
Cresswind Ll Community Fund Inc Gainesville, GA | $49,468 | $149,410 |
Kody Foundation Inc Panama City, FL | $970,133 | $188,018 |