Garner Golf Course Foundation Inc
- Assets
- $95.8k
- Revenue
- $329.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Garner, IA
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 46-3640416
Organization Overview
Garner Golf Course Foundation Inc is located in Garner, IA. The organization was established in 2016. 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, Garner Golf Course Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garner Golf Course Foundation 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 12/2023, Garner Golf Course Foundation Inc generated $329.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $354.5k during the year ending 12/2023. While expenses have increased by 4.5% 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
THE MISSION OF THE GARNER GOLF COURSE FOUNDATION IS TO RUN THE GOLF COURSE OWNED BY THE CITY OF GARNER FOR THE BENEFIT OF THE RESIDENTS OF THE CITY OF GARNER. THE CITY OF GARNERS DECISION TO PURCHASE THE GOLF COURSE IN 2014 WAS TO ASSURE THAT THE GOLF COURSE REMAINED AN AVAILABLE AMENITY TO THE AREA IN ORDER TO CONTINUE TO ATTRACT PEOPLE TO THE AREA FOR THE BENEFIT OF THE CITY AND AREA BUSINESSES, IN ADDITION TO PROMOTING RECREATIONAL ACTIVITIES AND SUPPORTING SCHOOL DISTRICT ACTIVITIES SUCH AS THE GOLF AND CROSS COUNTRY TEAMS. TO THAT END THE FOUNDATIONS ORGANIZATIONAL DOCUMENTS REQUIRE IT TO WORK TOWARD FULFILLING THAT MISSION. EACH YEAR ANY FUNDS GENERATED IN EXCESS OF THOSE NEEDED TO OPERATE THE GOLF COURSE ARE PUT INTO A CAPITAL IMPROVEMENT FUND TO BE USED TO EITHER IMPROVE THE FACILITIES OR PURCHASE EQUIPMENT. THE FOUNDATION ALSO INTENDS TO SEEK CONTRIBUTIONS FROM MEMBERS OF THE FOUNDATION AND OTHER PEOPLE AND BUSINESSES IN THE COMMUNITY TO IMPROVE THE GOLF COURSE AND ITS FACILIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES AND MAINTAINS A 9 HOLE GOLF COURSE LOCATED IN GARNER IOWA, WHICH IS OWNED BY THE CITY OF GARNER. PATRONS ARE ALLOWED TO PAY FOR INDIVIDUAL ROUNDS, OR SEASONAL PASSES TO PLAY AT THE COURSE. MORE THAN 170 SEASONAL PASSES WERE UTILIZED IN 2016. THE COURSE WORKS CLOSELY WITH OTHER GOLF RELATED ORGANIZATIONS TO HAVE PROGRAMMED EVENTS ON A WEEKLY BASIS. THE FOUNDATION ALSO WORKS WITH THE LOCAL SCHOOL DISTRICTS TO HOST PRACTICES AND GOLF MEETS DURING THE SPRING. IN THE FALL, THE COURSE HAS HOSTED SEVERAL CROSS COUNTRY EVENTS FOR THE LOCAL SCHOOLS AS WELL. THE SURPLUS FROM EACH YEAR WILL BE SUBMITTED TO THE CITY OF GARNER, OF WHICH THE FUNDS MAY BE USED TO MAKE UPDATES OR CHANGES TO THEIR COURSE.
THE FOUNDATION MANAGES AND MAINTAINS A FULL SERVICE FOOD AND DRINK ESTABLISHMENT PROVIDED FOR THE BENEFIT OF ITS PATRONS. THE FACILITY IS ALSO AVAILABLE TO HOST EVENTS. SEVERAL FUNDRAISING AND CHARITABLE EVENTS HAVE BEEN HOSTED AT THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Bredlow President | Officer | $0 | |
Nick Krein Secretary | Officer | $0 | |
Bill Paulus Treasurer | Officer | $0 | |
Travis Pitzenberger Vice Preside | Officer | $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 | $3,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,033 |
| Total Program Service Revenue | $326,053 |
| Investment income | $603 |
| 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 | $329,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,134 |
| 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 | $59,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,000 |
| Advertising and promotion | $107 |
| Office expenses | $2,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,173 |
| 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 | $9,584 |
| All other expenses | $56,557 |
| Total functional expenses | $354,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,919 |
| Savings and temporary cash investments | $83,190 |
| 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 | $1,700 |
| 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 | $95,809 |
| Accounts payable and accrued expenses | $961 |
| 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 | $961 |
| 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 | $94,848 |
| Total liabilities and net assets/fund balances | $95,809 |