The Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn
- Assets
- $214.2k
- Revenue
- $29.9k
- Investments
- $156.5k
- Employees
- 0
- Location
- North Riverside, IL
- Founding
- 03/1992
- Data as of
- 09/2023
- EIN
- 36-3715404
Organization Overview
The Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn is located in North Riverside, IL. The organization was established in 1992. 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. Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn 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 09/2023, Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn generated $29.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $50.5k during the year ending 09/2023. While expenses have increased by 7.1% per year over the past 6 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.
Since 2017, Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn has awarded 88 individual grants totaling $212,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED SCHOLARSHIPS TO 17 MERITORIOUS CADDIES AT RIVERSIDE GOLF CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Burke Director | 1 | $0 | |
Randall Womack President | 1 | $0 | |
Ryan Williams Director | 1 | $0 | |
David Karlson Director | 1 | $0 | |
Peter Schiltz Director | 1 | $0 | |
Dr Randy Ostroff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,225 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,106 |
| Capital Gain Net Income | $4,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,392 |
| Total operating and administrative expenses | $8,772 |
| Contributions, gifts, grants paid | $41,750 |
| Total expenses and disbursements | $50,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590 |
| Savings and temporary cash investments | $57,076 |
| 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 | $214,168 |
| Accounts payable and accrued expenses | $1,365 |
| 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 | $1,365 |
Grants Awarded
Over the last fiscal year, The Riverside Golf Club Memorial Scholarship Fund For Caddies Fdn has awarded $41,750 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JAMES BERGER PURPOSE: SCHOLARSHIP | $1,500 |
STEPHEN BERGER PURPOSE: SCHOLARSHIP | $3,500 |
BEN BUCHMAN PURPOSE: SCHOLARSHIP | $4,500 |
JACKSON FIELDS PURPOSE: SCHOLARSHIP | $2,000 |
ZACK GAYNOR PURPOSE: SCHOLARSHIP | $1,000 |
SHAMUS HERBERT PURPOSE: SCHOLARSHIP | $3,500 |