Gcsaa Foundation
- Assets
- $11.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 08/1958
- Data as of
- 12/2022
- EIN
- 59-0994338
Organization Overview
Gcsaa Foundation is located in Lawrence, KS. The organization was established in 1958. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gcsaa Foundation 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 12/2022, Gcsaa Foundation generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GCSAA FOUNDATION SECURES FUNDING AND SUPPORT TO STRENGTHEN ADVOCACY, EDUCATION, AND RESEARCH THAT ADVANCES THE WORK OF GOLF COURSE MANAGEMENT PROFESSIONALS.
Describe the Organization's Program Activity:
PROVIDE GRANTS FOR THE PURPOSE OF THE DEVELOPMENT OF NEW CONTINUING EDUCATION WITH AN ENVIRONMENTAL FOCUS. SCHOLARSHIPS ARE AWARDED ANNUALLY TO STUDENTS PURSUING CAREERS IN THE GOLF COURSE INDUSTRY, FUTURE TURFGRASS RESEARCHERS AND EDUCATORS, AND CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS. ALL SCHOLARSHIPS ARE AWARDED ACCORDING TO A LIST OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, EXTRACURRICULAR AND COMMUNITY INVOLVEMENT, LEADERSHIP AND OUTSIDE EMPLOYMENT. SCHOLARSHIP APPLICATIONS ARE EVALUATED BY THE SCHOLARSHIP COMMITTEE, EXCEPT IN THE CASE OF SCHOLARSHIPS TO CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS, WHICH ARE EVALUATED BY AN INDEPENDENT COMMITTEE OF THREE EDUCATORS.
PROVIDE FINANCIAL ASSISTANCE TO GCSAA MEMBERS WHO HAVE SUFFERED PERSONAL LOSS DUE TO NATURAL DISASTERS SUCH AS HURRICANES, TORNADOES, FLOODING OR WILDFIRES.
COLLECT AND PUBLISH DATA ON EVERY ASPECT OF GOLF COURSE MANAGEMENT FROM AN ENVIRONMENTAL PERSPECTIVE THAT PROVIDES A COMPREHENSIVE ANALYSIS OF GOLF COURSE LAND USE AND ENVIRONMENTAL STEWARDSHIP EFFORTS. THE FOUNDATION GRANTS AWARDS FOR APPLIED AGRONOMIC AND ENVIRONMENTAL RESEARCH TO PROVIDE INFORMATION TO IMPROVE THE QUALITY OF GOLF COURSES, WHILE MINIMIZING THE IMPACT ON THE ENVIRONMENT.
PROVIDES ONLINE ACCESS TO MORE THAN 190 BEST MANAGEMENT PRACTICES, CASE STUDIES, AND ENVIRONMENTAL PROFILES. THESE PROVE THE GOLF COURSE'S IMPORTANT ROLE IN THE ENVIRONMENT & SUSTAINABILITY EFFORTS. WITH THE EVER INCREASING REGULATORY AND LEGISLATIVE PRESSURES ON LAND USE, WATER USE, ENERGY CONSUMPTION, AND NUTRIENT AND PESTICIDE USE; THIS FUNDING ALLOWS GCSAA TO BE A VOICE FOR THE SUPERINTENDENT PROFESSION AND THE GOLF INDUSTRY BY TELLING GOLF'S STORY ON A NATIONAL LEVEL. THESE STORIES HIGHLIGHT THE KEY ECONOMIC, ENVIRONMENTAL AND SOCIAL/RECREATIONAL BENEFITS OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arjun Chowdri Trustee | Trustee | 1 | $0 |
Paul Vermeulen Trustee | Trustee | 1 | $0 |
Mark F Jordan Cgcs Past President (thru 2/22) | OfficerTrustee | 1 | $0 |
Kevin P Breen Cgcs President | OfficerTrustee | 3 | $0 |
Jeff White Cgcs Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kevin P Sunderman Cgcs VP (1/22-10/22) COO (start 10/22) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,097 |
| Noncash contributions included in lines 1a–1f | $628,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,097 |
| Total Program Service Revenue | $0 |
| Investment income | $110,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$186,025 |
| Net Income from Fundraising Events | $232,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,019,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $887,500 |
| Grants and other assistance to domestic individuals. | $356,790 |
| 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 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 | $22,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,940 |
| Fees for services: Other | $390,075 |
| Advertising and promotion | $33,902 |
| Office expenses | $1,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,337 |
| Interest | $13,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,573 |
| All other expenses | $0 |
| Total functional expenses | $1,746,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,794 |
| Pledges and grants receivable | $468,980 |
| 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 | $79,361 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,133,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,693,097 |
| Accounts payable and accrued expenses | $138,304 |
| Grants payable | $0 |
| Deferred revenue | $8,220 |
| 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 | $500,000 |
| Other liabilities | $112,355 |
| Total liabilities | $758,879 |
| Net assets without donor restrictions | $10,492,779 |
| Net assets with donor restrictions | $441,439 |
| 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 | $11,693,097 |