Faldo Trust For Tomorrows Champions Inc
- Assets
- $124.1k
- Revenue
- $612.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 08/2014
- Data as of
- 12/2020
- EIN
- 46-2793921
Organization Overview
Faldo Trust For Tomorrows Champions Inc is located in Orlando, FL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faldo Trust For Tomorrows Champions Inc 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 12/2020, Faldo Trust For Tomorrows Champions Inc generated $612.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $596.4k during the year ending 12/2020. While expenses have increased by 49.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FALDO TRUST IS TO FUND THE FALDO SERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIAL CONTRIBUTIONS USED FOR THE PRODUCTION OF A MARKETING, EDUCATIONAL, AND FUNDRAISING VIDEO THAT EXPLAINS THE FALDO SERIES, ITS PURPOSE, ITS SUCCESSES, AND ITS INTEREST TO CONTINUE TO TOUCH YOUNG GOLFERS AROUND THE WORLD. TO ESTABLISH SUPPORT, ENCOURAGE, PROMOTE, ORGANIZE AND OPERATE GOLF TOURNAMENTS, GOLF DEVELOPMENT PROGRAMS AND SUCH ANCILLARY FACILITIES AND ACTIVITIES FOR THE BENEFIT AND WELFARE OF YOUNG GOLFERS AS THE TRUSTEES OF THE CHARITY MAY DEEM APPROPRIATE.
SUPPORT FOR HIGHER EDUCATION AND TRAINING FOR JUNIOR GOLFERS THAT INCLUDES ACADEMIC INSTRUCTION, AS WELL AS PERSONALIZED EXTENSIVE GOLF INSTRUCTION TO BUILD PLAYING SKILLS, AND TO DEVELOP AND GROW EMOTIONAL AND STRATEGIC DEVELOPMENT IN PREPARATION FOR UNIVERSITY OR COLLEGE ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Faldo Vice President | OfficerTrustee | 5 | $25,283 |
Nick Faldo President | OfficerTrustee | 5 | $0 |
David H Trevett ESQ Director | OfficerTrustee | 5 | $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 | $612,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,056 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $612,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $25,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,004 |
| Fees for services: Accounting | $3,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $541 |
| 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 | $0 |
| All other expenses | $476,078 |
| Total functional expenses | $596,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,120 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $124,120 |
| 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 | $179,334 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,334 |
| Net assets without donor restrictions | -$55,214 |
| 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 | $124,120 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faldo Trust For Tomorrows Champions Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Hunger Related Events Edina, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
Hunger Related Events Edina, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
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|---|---|---|
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Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |