Indiana Golf Association Inc
- Assets
- $975.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Indianapolis, IN
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 35-2015534
Organization Overview
Indiana Golf Association Inc is located in Indianapolis, IN. The organization was established in 1997. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Indiana Golf Association Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Golf Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Indiana Golf Association Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 27.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPORT OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENT PROGRAM - ADMINISTER GOLF TOURNAMENTS
HANDICAPPING PROGRAM - PROVIDE HANDICAPPING SERVICES FOR TOURNAMENTS AND MEMBERS.
MISCELLANEOUS SUPPORT PROGRAMS - PROVIDE RULE BOOKS AND SCORE SHEETS; SPONSORSHIPS; CLINICS; COURSE MEASURING; COUPONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L David Executive Director | OfficerTrustee | 50 | $221,783 |
Bob Jacobs Director | Trustee | 2 | $0 |
Brett Winder Director | Trustee | 2 | $0 |
Brian Muelhaus Director | Trustee | 2 | $0 |
Derek Moore Director | Trustee | 2 | $0 |
Jay Dixon Director | Trustee | 2 | $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 | $27,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,000 |
| Total Program Service Revenue | $1,368,924 |
| Investment income | $3,753 |
| 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 | $1,418,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,500 |
| 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. | $256,155 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,895 |
| Pension plan accruals and contributions | $21,107 |
| Other employee benefits | $77,351 |
| Payroll taxes | $92,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,098 |
| Advertising and promotion | $17,730 |
| Office expenses | $29,830 |
| Information technology | $7,959 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,502 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,775 |
| Insurance | $16,256 |
| All other expenses | $78,095 |
| Total functional expenses | $1,256,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,137 |
| Savings and temporary cash investments | $201,254 |
| Pledges and grants receivable | $0 |
| 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 | $23,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,344 |
| Total assets | $975,641 |
| Accounts payable and accrued expenses | $1,492 |
| 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 | $1,921 |
| Total liabilities | $3,413 |
| Net assets without donor restrictions | $0 |
| 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 | $972,228 |
| Total liabilities and net assets/fund balances | $975,641 |
Grants Awarded
Over the last fiscal year, Indiana Golf Association Inc has awarded $24,114 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA GOLF FOUNDATION PURPOSE: CHARITABLE | $23,364 |
FRANKLIN BOYS & GIRLS CLUB PURPOSE: CHARITABLE | $750 |