Myrtle Beach Golf Holiday
- Assets
- $1.7m
- Revenue
- $34.1k
- Investments
- $0.0
- Employees
- 0
- Location
- N Myrtle Beach, SC
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 57-0738119
Organization Overview
Myrtle Beach Golf Holiday is located in N Myrtle Beach, SC. The organization was established in 1984. 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. Myrtle Beach Golf Holiday is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Myrtle Beach Golf Holiday generated $34.1k 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 (53.3%) each year. All expenses for the organization totaled $38.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (52.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF GOLF TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATIVE ASSISTANCE WITH INDUSTRY MARKETING AND ADVERTISING TECHNIQUES FOR THE GOLF AND HOTEL INDUSTRY AND RELATED ACTIVITIES INCLUDING DESTINATION MARKETING FOR THE GRAND STRAND GOLF TOURISM AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Shroff Director | OfficerTrustee | 1 | $0 |
Dave Genevro Chairman | OfficerTrustee | 1 | $0 |
Larry Woodberry Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jennifer Hurston Financial Director | Officer | 5 | $0 |
Bill Golden Executive Director | Officer | 5 | $0 |
Steve Mays Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheraton Hotel Nights, Food & Beverage | 12/30/17 | $172,435 |
Brandon Advertising Advertising Design, Placement And Market | 12/30/17 | $1,688,776 |
Myrtle Beach Chamber Of Commerece Misc Event Sponsorship | 12/30/17 | $1,637,979 |
Greg Norman (Cit Factor) Golf Tournament Services | 12/30/17 | $129,895 |
Ibm Database Mainteance | 12/30/17 | $122,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,706 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,142 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,366 |
| All other expenses | $0 |
| Total functional expenses | $38,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,707 |
| Savings and temporary cash investments | $623,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,111 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $813,176 |
| Total assets | $1,728,397 |
| Accounts payable and accrued expenses | $36,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,500 |
| Net assets without donor restrictions | $1,691,897 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,728,397 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Myrtle Beach Golf Holiday has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Dj Foundation Inc Murrells Inlet, SC PURPOSE: SCHOLARSHIPS | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |
Carolinas Golf Association Southern Pines, NC | $7,201,901 | $7,597,187 |
Highlands Falls Country Club Inc Highlands, NC | $17,573,731 | $5,732,867 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Youth Golf Foundation Of The Carolinas Charlotte, NC | $5,362,878 | $1,885,876 |
Charleston Junior Golf Foundation Mount Pleasant, SC | $1,783,502 | $1,695,074 |
South Carolina Golf Association Columbia, SC | $1,912,487 | $1,341,698 |
Southern Seniors Golf Association Marietta, GA | $554,613 | $1,105,501 |
South Carolina Junior Golf Assn Irmo, SC | $56,141 | $691,584 |
Girls Golf Of America Inc Greensboro, NC | $340,547 | $724,394 |
Canton Golf Club Canton, GA | $379,442 | $542,066 |