Golf Association Of Philadelphia Foundation
- Assets
- $2.7m
- Revenue
- $151.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Broomall, PA
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 46-3836212
Organization Overview
Golf Association Of Philadelphia Foundation is located in Broomall, PA. The organization was established in 2014. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., 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. Golf Association Of Philadelphia 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 12/2023, Golf Association Of Philadelphia Foundation generated $151.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUTH ON COURSE PROGRAM HELPS YOUNG GOLFERS TO HAVE THE OPPORTUNITY TO PLAY GOLF ON COURSES THAT THEY ORDINARILY MIGHT NOT HAVE ACCESS TO. THE FOUNDATION SUBSIDIZES THE COST TO PLAY GOLF ON CLUB COURSES AS A WAY TO GET THE YOUNGER GOLFERS INVOLVED IN THE GAME OF GOLF.
THE FOUNDATION PAYS THE COST OF POSTAGE TO THE GOLF ASSOCIATION OF PHILADELPHIA'S PRODUCTION OF ITS QUARTERLY MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Mclelland President | 1 | $0 | |
Frank E Rutan IV Treasurer/secretary | 1 | $0 | |
John R Choyka Member | 1 | $0 | |
Jeffrey S Henderson Member | 1 | $0 | |
Oscar L Mestre Member | 1 | $0 | |
T Quinn Spitzer Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80 |
| Dividends & Interest | $96,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,360 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,769 |
| Total Revenue | $151,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,659 |
| Depreciation | $1,974 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $50,958 |
| Other expenses | $124,859 |
| Total operating and administrative expenses | $188,927 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $193,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,386 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $140 |
| 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 | $2,724,383 |
| Accounts payable and accrued expenses | $7,039 |
| 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 | $7,039 |