Colorado Golf Foundation
- Assets
- $3.0m
- Revenue
- $442.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 07/2014
- Data as of
- 12/2022
- 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 12/2022, Colorado Golf Foundation generated $442.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $496.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. 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 $3,013,409. 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
2022
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. THE FOUNDATION IS ACHIEVING THIS THROUGH ITS SUPPORT OF VARIOUS CADDIE PROGRAMS SUPPORTED BY THE COLORADO GOLF ASSOCIATION, INCLUDING, AMONG OTHERS, THE SOLICH CADDIE & LEADERSHIP ACADEMY, THE BROADMOOR CADDIE & LEADERSHIP ACADEMY, AND THE ANNUAL CGA CADDIE SUMMIT.
YOUTH/PLAYER DEVELOPMENT: THE FOUNDATION SUPPORTS PROGRAMS AND ORGANIZATIONS THAT DEVELOP FUTURE GENERATIONS OF GOLFERS INCLUDING THE COLORADO GOLF ASSOCIATION 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. THE FOUNDATION SUPPORTED GRANTS TO VARIOUS FIRST TEE CHAPTERS, PIKES PEAK GOLF LINKS, AND OTHER SIMILAR ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Lane Secretary | OfficerTrustee | 1 | $0 |
Will Nicholson III Treasurer/vi | OfficerTrustee | 1 | $0 |
Jim Bunch Board Chair | OfficerTrustee | 1 | $0 |
Keith Schneider Board Member | Trustee | 1 | $0 |
Duffy Solich 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 | $16,148 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,303 |
| Noncash contributions included in lines 1a–1f | $1,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,451 |
| Total Program Service Revenue | $0 |
| Investment income | $52,917 |
| 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 | $442,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,540 |
| 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 | $15,000 |
| 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 | $7,700 |
| 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 | $96 |
| Total functional expenses | $496,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,118 |
| Savings and temporary cash investments | $368,661 |
| Pledges and grants receivable | $150,000 |
| 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 | $2,418,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,039,653 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $25,000 |
| 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 | $25,000 |
| Net assets without donor restrictions | $2,583,741 |
| Net assets with donor restrictions | $430,912 |
| 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 | $3,039,653 |
Grants Awarded
Over the last fiscal year, Colorado Golf Foundation has awarded $454,540 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Greenwood Village, CO PURPOSE: SEE PART IV | $420,540 |
GOLF HISTORY OF COLORADO FOUNDATION PURPOSE: SEE PART IV | $15,000 |
Larkspur, CO PURPOSE: SEE PART IV | $10,000 |
Denver, CO PURPOSE: SEE PART IV | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Colorado Golf Foundation has recieved totaling $72,175.
| Awarding Organization | Amount |
|---|---|
Ronald And Carol Moore Family Foundation Denver, CO PURPOSE: GENERAL DONATION | $50,000 |
Colorado Sports Hall Of Fame Denver, CO PURPOSE: Programs | $10,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $5,925 |
T & R Birdsong Fund Denver, CO PURPOSE: TO AID CHARITABLE PURPOSE OF THE ORGANIZATION | $5,000 |
Keltner Family Foundation Denver, CO PURPOSE: GENERAL OPERATING | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $3,001,522 |
| Earnings | -$473,934 |
| Net Contributions | $62,000 |
| Grants | $80,000 |
| Ending Balance | $2,509,588 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Golf Community Foundation Scottsdale, AZ | $9,908,509 | $6,967,253 |
The Colorado Golf Association Inc Greenwood Village, CO | $6,958,825 | $4,454,256 |
Arizona Golf Association Scottsdale, AZ | $3,967,286 | $3,840,338 |
Flagstaff Golf Association Flagstaff, AZ | $3,224,049 | $2,364,199 |
Central Links Golf Lenexa, KS | $849,807 | $1,842,143 |
The Notah Begay Iii Foundation Inc Santa Ana Pueblo, NM | $10,427,871 | $7,723,730 |
Junior Golf Association Of Arizona Inc Phoenix, AZ | $858,991 | $1,640,395 |
Utah Golf Association Inc Salt Lake City, UT | $1,158,338 | $1,383,306 |
South Central Section Of The Profes Sional Golf Association Broken Arrow, OK | $1,539,248 | $1,298,771 |
Mission Royale Recreational Golf Club Inc Casa Grande, AZ | $3,324,198 | $157,069 |
The First Tee Of Phoenix Phoenix, AZ | $2,080,588 | $916,469 |
Oga Inc Edmond, OK | $926,637 | $964,355 |