World Senior Golf Federation Inc
- Assets
- $1.1m
- Revenue
- $244.6k
- Investments
- $941.3k
- Employees
- 0
- Location
- Westminster, CO
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 51-0138148
Organization Overview
World Senior Golf Federation Inc is located in Westminster, CO. The organization was established in 1981. 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. World Senior Golf Federation 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 12/2021, World Senior Golf Federation Inc generated $244.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $248.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF TOURNAMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nigel Mansell Director | 0 | $0 | |
Gary Bowen Director | 0 | $0 | |
Steve Yelton Executive VP | 0 | $0 | |
Takayoshi Kajioka Director | 0 | $0 | |
Stephen M Reid President | 0 | $0 | |
Kevin Tynes Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $13,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,568 |
| Capital Gain Net Income | $40,568 |
| Net ST Capital Gain | $14,921 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130,430 |
| Total Revenue | $244,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,565 |
| Printing and publications | $0 |
| Other expenses | $232,845 |
| Total operating and administrative expenses | $248,116 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $248,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,873 |
| Savings and temporary cash investments | $0 |
| 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 | $13,476 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,000 |
| Total assets | $1,050,653 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that World Senior Golf Federation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Cofre Family Foundation Inc Cincinnati, OH PURPOSE: UNRESTRICTED GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Golf Community Foundation Scottsdale, AZ | $9,908,509 | $6,967,253 |
The Colorado Golf Association Inc Greenwood Village, CO | $6,958,825 | $4,454,256 |
Arizona Golf Association Scottsdale, AZ | $3,967,286 | $3,840,338 |
Flagstaff Golf Association Flagstaff, AZ | $3,224,049 | $2,364,199 |
Central Links Golf Lenexa, KS | $849,807 | $1,842,143 |
The Notah Begay Iii Foundation Inc Santa Ana Pueblo, NM | $10,427,871 | $7,723,730 |
Junior Golf Association Of Arizona Inc Phoenix, AZ | $858,991 | $1,640,395 |
Utah Golf Association Inc Salt Lake City, UT | $1,158,338 | $1,383,306 |
South Central Section Of The Profes Sional Golf Association Broken Arrow, OK | $1,539,248 | $1,298,771 |
Mission Royale Recreational Golf Club Inc Casa Grande, AZ | $3,324,198 | $157,069 |
The First Tee Of Phoenix Phoenix, AZ | $2,080,588 | $916,469 |
Oga Inc Edmond, OK | $926,637 | $964,355 |