Triangle Golf Foundation Inc

Organization Overview

Triangle Golf Foundation Inc, operating under the name The First Tee Of The Triangle, is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, First Tee Of The Triangle employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee Of The Triangle 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, First Tee Of The Triangle generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A. TRIANGLE GOLF FOUNDATION TEACHES LIFE SKILLS AND KEY COMMITMENTS THROUGH THE GAME OF GOLF. THE FIRST TEE LIFE SKILLS EXPERIENCE IS BASED ON THE KEY COMMITMENTS OF PURSUING GOALS, GROWING THROUGH CHALLENGES, COLLABORATING WITH OTHERS, BUILDING POSITIVE SELF-IDENTITY, AND USING GOOD JUDGMENT. WE ARE ONE OF 150 CHAPTERS OF THE FIRST TEE IN THE WORLD AND ONE OF 7 IN THE STATE OF NORTH CAROLINA. THIS YEAR WE PROVIDED EDUCATIONAL PROGRAMS WHICH INCLUDED GOLF COURSE-BASED PROGRAMS FOR 898 PARTICIPANTS, DRIVE4SUCCESS FOR 458 PARTICIPANTS, OUTREACH PROGRAMS FOR 364 PARTICIPANTS, AND CAMPS FOR 155 PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ted Klinck
Chair
$0
Scott Ruerup
Vice Chair
$0
Brad George
Treasurer
$0
Will Duckett
Board Member
$0
Andy Bilodeau
Board Member
$0
Jennings Glenn
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$834,829
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,603,651
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,438,480
Total Program Service Revenue$120,292
Investment income $19,537
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,632
Net Income from Fundraising Events -$218,488
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,369,419

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