Sage Valley Golf Foundation
- Assets
- $448.1k
- Revenue
- $68.8k
- Investments
- $399.6k
- Employees
- 0
- Location
- Graniteville, SC
- Founding
- 02/2015
- Data as of
- 07/2023
- EIN
- 47-1424487
Organization Overview
Sage Valley Golf Foundation is located in Graniteville, SC. The organization was established in 2015. 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. Sage Valley Golf 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 07/2023, Sage Valley Golf Foundation generated $68.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $81.6k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (38.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sage Valley Golf Foundation has awarded 43 individual grants totaling $291,307. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Massey President | 3 | $0 | |
Thomas Goforth Vice President/treasurer | 3 | $0 | |
Jean Gallman Board Member | 1 | $0 | |
Cecelia Hewitt Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,663 |
| Capital Gain Net Income | $8,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,498 |
| Total operating and administrative expenses | $6,552 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $81,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,882 |
| Savings and temporary cash investments | $8,694 |
| 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 | $448,127 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Sage Valley Golf Foundation has awarded $75,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON SOUTHERN UNIVERSITY PURPOSE: SCHOLARSHIP SUPPORT | $5,000 |
CLEMSON UNIVERSITY PURPOSE: SCHOLARSHIP SUPPORT | $15,000 |
COASTAL CAROLINA UNIVERSITY PURPOSE: SCHOLARSHIP SUPPORT | $5,000 |
COLLEGE OF CHARLESTON PURPOSE: SCHOLARSHIP SUPPORT | $5,000 |
FRANCIS MARION UNIVERSITY PURPOSE: SCHOLARSHIP SUPPORT | $5,000 |
GREENSBORO COLLEGE PURPOSE: SCHOLARSHIP SUPPORT | $2,500 |