Colorado Golf Foundation
- Assets
- $3.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 30-0758638
Organization Overview
Colorado Golf Foundation is located in Greenwood Village, CO. The organization was established in 2014. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Golf 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 12/2023, Colorado Golf Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $520.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colorado Golf Foundation has awarded 56 individual grants totaling $2,755,508. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR COLORADO-BASED GOLF ORGANIZATIONS AND PROGRAMS THAT USE GOLF TO BUILD IMPORTANT LIFE SKILLS AND CHARACTER, WITH AN EMPHASIS ON INSTILLING HARD WORK AND SELF-RELIANCE IN YOUNG PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CADDIE PROGRAMS: THE FOUNDATION BELIEVES THAT CADDYING INSTILLS THE LIFE SKILLS AND QUALITY OF CHARACTER THAT BUILD SELF-RELIANCE IN YOUNG PEOPLE. WITH THAT IN MIND, THE FOUNDATION PROVIDES FUNDING TO A VARIETY OF COLORADO-BASED CADDIE PROGRAMS AND ORGANIZATIONS, INCLUDING SOLICH CADDIE & LEADERSHIP ACADEMY, BROADMOOR CADDIE & LEADERSHIP ACADEMY, THE COLORADO GOLF ASSOCIATION (CGA) CADDIE SUMMIT, AND OTHER NON-CGA CADDIE PROGRAMS.
JUNIOR PLAYER DEVELOPMENT: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS THAT DEVELOP FUTURE GENERATIONS OF GOLFERS INCLUDING THE COLORADO GOLF ASSOCIATION'S VARIOUS JUNIOR PLAYER DEVELOPMENT PROGRAMS AND THE PGA SECTION OF COLORADO - PGA REACH.
COMMUNITY PARTNERSHIPS: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS WHO WISH TO INTRODUCE GOLF TO THOSE WHO MAY NOT OTHERWISE HAVE AN OPPORTUNITY TO EXPERIENCE ALL THIS GREAT GAME HAS TO OFFER. THROUGH COMMUNITY PARTNERSHIPS THE FOUNDATION CREATES AN ENVIRONMENT WHERE KIDS HAVE FUN WHILE DEVELOPING SKILLS THAT BUILD SELF-ESTEEM AND REINFORCE IDEALS LIKE HONESTY AND FAIR PLAY. ORGANIZATIONS SUPPORTED BY THE FOUNDATION INCLUDE THE FIRST TEE CHAPTERS OF GREEN VALLEY RANCH, ROCKY MOUNTAINS, AND SOUTHERN COLORADO, AS WELL AS PIKES PEAK GOLF LINKS AND YOUTH ON COURSE, AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bunch President | OfficerTrustee | 1 | $0 |
Will Nicholson III Treasurer/vi | OfficerTrustee | 1 | $0 |
Phil Lane Secretary | OfficerTrustee | 1 | $0 |
Christie Austin Board Member | Trustee | 1 | $0 |
Janene Guzowski Board Member | Trustee | 1 | $0 |
Norton Rainey Board Member | 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 | $975,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $975,715 |
| Total Program Service Revenue | $0 |
| Investment income | $72,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,048,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $503,626 |
| 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 | $7,500 |
| 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 | $8,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $789 |
| All other expenses | $432 |
| Total functional expenses | $520,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,609 |
| Savings and temporary cash investments | $618,187 |
| Pledges and grants receivable | $100,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,119,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,904,630 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,993,384 |
| Net assets with donor restrictions | $911,246 |
| 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 | $3,904,630 |
Grants Awarded
Over the last fiscal year, Colorado Golf Foundation has awarded $454,540 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO GOLF ASSOCIATION PURPOSE: SEE PART IV | $420,540 |
GOLF HISTORY OF COLORADO FOUNDATION PURPOSE: SEE PART IV | $15,000 |
COLORADO SECTION OF THE PGA PURPOSE: SEE PART IV | $10,000 |
THE FIRST TEE OF GREEN VALLEY RANCH PURPOSE: SEE PART IV | $9,000 |