Annika Foundation
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Framingham, MA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3100887
Organization Overview
Annika Foundation is located in Framingham, MA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Annika Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annika Foundation 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, Annika Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPS AND EMPOWERS THE NEXT GENERATION OF WOMEN AROUND THE WORLD THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNIKA FOUNDATION CONDUCTS SIX MAJOR GOLF EVENTS FOR ASPIRING JUNIOR GIRLS: THE HILTON GRAND VACATIONS ANNIKA INVITATIONAL PRESENTED BY ROLEX IN THE U.S.; ANNIKA INVITATIONAL ASIA; ANNIKA INVITATIONAL EUROPE AND ANNIKA CUP IN SWEDEN; THE WOMEN'S AMATEUR LATIN AMERICA WITH THE R&A IN ARGENTINA; AND THE ANNIKA INVITATIONAL AUSTRALASIA IN NEW ZEALAND.
THE ANNIKA FOUNDATION ANNUALLY CONDUCTS SEVERAL "SHARE MY PASSION" GRASS ROOTS CLINICS DESIGNED TO INTRODUCE KIDS TO THE GAME.
SINCE 2014, THE FOUNDATION HAS ANNUALLY HOSTED THE ANNIKA INTERCOLLEGIATE PRESENTED BY 3M, A WOMEN'S COLLEGE TOURNAMENT FEATURING 12 TOP DIVISION I SCHOOLS. MOREOVER, WITH THE SUPPORT OF THE HASKINS FOUNDATION, THE FOUNDATION CREATED THE ANNIKA AWARD PRESENTED BY STIFEL, WHICH IS GIVEN ANNUALLY TO THE BEST COLLEGIATE FEMALE GOLFER. IN 2022, THE ANNIKA DEVELOPMENT PROGRAM WAS CREATED TO SUPPORT RECENT COLLEGE GRADUATES PURSUE THEIR DREAMS OF PLAYING PROFESSIONAL GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Ceman Chief Operating Officer | Officer | 40 | $94,417 |
Craig Annis Director | Trustee | 1 | $0 |
David Bockorny Director | Trustee | 1 | $0 |
Roberta Bowman Director | Trustee | 1 | $0 |
Jay Brennan Director | Trustee | 1 | $0 |
Anne Broholm Director | 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 | $856,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,074 |
| Total Program Service Revenue | $362,650 |
| Investment income | $8,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,000 |
| 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. | $104,650 |
| Compensation of current officers, directors, key employees. | $10,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,004 |
| Pension plan accruals and contributions | $2,480 |
| Other employee benefits | $6,809 |
| Payroll taxes | $11,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,555 |
| Advertising and promotion | $34,395 |
| Office expenses | $9,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,863 |
| 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 | $2,028 |
| Insurance | $6,144 |
| All other expenses | $691,917 |
| Total functional expenses | $1,139,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,291 |
| 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 | $6,236 |
| Net Land, buildings, and equipment | $6,841 |
| Investments—publicly traded securities | $1,673,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,102,445 |
| Accounts payable and accrued expenses | $57,409 |
| Grants payable | $0 |
| Deferred revenue | $109,000 |
| 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 | $166,409 |
| Net assets without donor restrictions | $1,936,036 |
| 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 | $2,102,445 |
Grants Awarded
Over the last fiscal year, Annika Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JUNIOR GOLF ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
FAIRWAYS TO LEADERSHIP INC PURPOSE: GENERAL SUPPORT | $10,000 |