Fore Kids Foundation Inc
- Assets
- $11.1m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Avondale, LA
- Founding
- 02/1994
- Data as of
- 09/2022
- EIN
- 58-1940111
Organization Overview
Fore Kids Foundation Inc, operating under the name Zurich Classic Of New Orleans, is located in Avondale, LA. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Zurich Classic Of New Orleans employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zurich Classic Of New Orleans 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 09/2022, Zurich Classic Of New Orleans generated $16.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $15.5m during the year ending 09/2022. While expenses have increased by 3.0% per year over the past 6 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.
Since 2015, Zurich Classic Of New Orleans has awarded 307 individual grants totaling $6,924,697. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE FOUNDATION IS THE PROMOTION OF SOCIAL WELFARE FOR THE COMMUNITY OF NEW ORLEANS BY PROMOTING, MANAGING, AND SPONSORING AN ANNUAL PGA TOUR GOLF TOURNAMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NET PROCEEDS FROM GOLF TOURNAMENT CONTRIBUTED TO OTHER 501(C)(3) ORGANIZATIONS, FOR MORE INFORMATION SEE SCHEDULE I - GRANTS AND OTHER ASSISTANCE TO ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Worthy CEO | Officer | 40 | $378,000 |
Chris Kenyon VP Of Sales & Marketing | Officer | 40 | $175,000 |
Brian Cheramine Chairman | OfficerTrustee | 1 | $0 |
Mark Romig Vice Chairman | OfficerTrustee | 1 | $0 |
Kevin Colomb Director | Trustee | 1 | $0 |
Charles Rice Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Traube Tents | 9/29/21 | $204,530 |
Patton's Caterers Catering | 9/29/21 | $140,000 |
Tsi Signage | 9/29/21 | $127,254 |
Inproduction Scaffolding/flooring/seating | 9/29/21 | $501,358 |
Energy Rental Solutions Fuel | 9/29/21 | $122,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $669,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,372,600 |
| Total Program Service Revenue | $14,881,433 |
| Investment income | $120,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,428 |
| Net Income from Fundraising Events | $29,700 |
| Net Income from Gaming Activities | $16,879 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,554,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,164,739 |
| 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. | $518,000 |
| Compensation of current officers, directors, key employees. | $140,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,787 |
| Pension plan accruals and contributions | $36,781 |
| Other employee benefits | $133,441 |
| Payroll taxes | $51,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $207,033 |
| Office expenses | $58,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,968 |
| 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 | $103,649 |
| All other expenses | $65,062 |
| Total functional expenses | $15,521,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $888,112 |
| Savings and temporary cash investments | $5,075,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $689,705 |
| 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 | $8,440 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,466,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,128,381 |
| Accounts payable and accrued expenses | $523,522 |
| Grants payable | $1,750,472 |
| Deferred revenue | $2,550,925 |
| 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 | $4,824,919 |
| Net assets without donor restrictions | $6,303,462 |
| 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 | $11,128,381 |
Grants Awarded
Over the last fiscal year, Fore Kids Foundation Inc has awarded $1,517,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $399,000 |
New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $250,000 |
EDUCARE NEW ORLEANS PURPOSE: GENERAL ASSISTANCE | $200,000 |
Baton Rouge, LA PURPOSE: GENERAL ASSISTANCE | $55,000 |
Baton Rouge, LA PURPOSE: GENERAL ASSISTANCE | $50,000 |
Houma, LA PURPOSE: GENERAL ASSISTANCE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Fore Kids Foundation Inc has recieved totaling $257,483.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $175,000 |
Hyslop Shannon Foundation New Orleans, LA PURPOSE: EDUCATION | $35,000 |
Robert L Pierce Foundation Covington, LA PURPOSE: TO SUPPORT THE ORGANIZATION'S GIVING FUND | $15,000 |
J Edgar Monroe Foundation 1976 Metairie, LA PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
George Helen And Harold Wainerfoundation Metairie, LA PURPOSE: GENERAL DONATIONS | $5,000 |
Republic National Distributing Company Foundation Inc Atlanta, GA PURPOSE: COMMUNITY SERVICE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
Impetus Foundation San Antonio, TX | $248,495,187 | $85,291,192 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |