World Senior Golf Federation Inc
- Assets
- $1.1m
- Revenue
- $221.2k
- Investments
- $828.5k
- Employees
- 0
- Location
- Alexandria, KY
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 51-0138148
Organization Overview
World Senior Golf Federation Inc is located in Alexandria, KY. 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 12/2023, World Senior Golf Federation Inc generated $221.2k 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 (4.9%) each year. All expenses for the organization totaled $152.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Diane Yelton Executive Di | 0 | $30,500 | |
Steven J Yelton President | 0 | $0 | |
Stephen M Reid Imm Past Pre | 0 | $0 | |
Stephen M Reid II Treasurer | 0 | $0 | |
Darrell G Williams Executive VP | 0 | $0 | |
Gary Bowen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133 |
| Dividends & Interest | $13,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,110 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $220,255 |
| Total Revenue | $221,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,122 |
| Printing and publications | $0 |
| Other expenses | $113,981 |
| Total operating and administrative expenses | $152,154 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $152,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,967 |
| 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 | $13,746 |
| Prepaid expenses and deferred charges | $17,500 |
| 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 | $1,056,748 |
| 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 |