Gsga Foundation Inc
- Assets
- $5.2m
- Revenue
- $401.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1985
- Data as of
- 06/2020
- EIN
- 58-1614105
Organization Overview
Gsga Foundation Inc is located in Atlanta, GA. The organization was established in 1985. 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. Gsga Foundation 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 06/2020, Gsga Foundation Inc generated $401.7k 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 (4.7%) each year. All expenses for the organization totaled $454.3k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GAME OF GOLF IN THE STATE OF GEORGIA BY PROVIDING SCHOLARSHIPS, EDUCATING THE PUBLIC, AND CONTRIBUTING TO CHARITABLE EFFORTS THAT FURTHER THE PURPOSE OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CONTRIBUTIONS TO VARIOUS COLLEGES AND UNIVERSITIES THROUGHOUT THE U.S. FOR STUDENTS QUALIFYING FOR ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Hayes Ex-Officio Trustee | OfficerTrustee | 0.1 | $0 |
Stan Sands President | OfficerTrustee | 10 | $0 |
Seth Knight Vice-President | OfficerTrustee | 2 | $0 |
Matthew N Vanderpool Exec Director | Officer | 5 | $0 |
Philip Clinkscales Trustee | Trustee | 0.1 | $0 |
Brandon Reynolds Secy/treas | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,474 |
| Investment income | $108,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $332,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,326 |
| 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 | $19,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,385 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $1,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,547 |
| Travel | $1,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $454,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $153,082 |
| 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 | $0 |
| Investments—publicly traded securities | $4,868,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,215,565 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,215,565 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gsga Foundation Inc has recieved totaling $17,350.
| Awarding Organization | Amount |
|---|---|
A L Williams Jr Family Foundation Inc Duluth, GA PURPOSE: CHARITABLE PURPOSES | $6,250 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: RECREATION AND SPORTS | $6,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,100 |
Endowment Analysis
| Beg. Balance | $2,635,352 |
| Earnings | $865,698 |
| Net Contributions | $535,857 |
| Ending Balance | $4,036,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club At Woodfield Boca Raton, FL | $114,112,099 | $27,047,625 |
The Florida State Golf Association Inc Temple Terrace, FL | $5,793,122 | $9,469,778 |
The Club At Mediterra Inc Naples, FL | $61,714,478 | $19,683,733 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL | $88,241,842 | $96,357,278 |
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |