Pga Foundation Inc
- Assets
- $1.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 12/1980
- Data as of
- 03/2023
- EIN
- 59-1809626
Organization Overview
Pga Foundation Inc, operating under the name Pga Reach, is located in Frisco, TX. The organization was established in 1980. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Pga Reach 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 03/2023, Pga Reach generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $9.4m during the year ending 03/2023. While expenses have increased by 11.9% per year over the past 7 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, Pga Reach has awarded 61 individual grants totaling $3,441,468. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PGA FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE INTEREST, PARTICIPATION AND ENJOYMENT IN THE GAME OF GOLF FOR EVERYONE EVERYWHERE. THIS PURPOSE IS ACHIEVED THROUGH, BUT NOT LIMITED TO: GOLF INSTRUCTION PROGRAMS; COMMUNITY GOLF PROGRAMS; RESEARCH AND EDUCATION; JUNIOR GOLF TOURNAMENTS; INTRODUCING GOLF TO VETERANS WITH DISABILITIES; PROVIDING GOLF RELATED CHARITABLE EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS FROM DIVERSE BACKGROUNDS; AND, THE PROMOTION OF THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF DEVELOPMENT PROGRAM - THIS PROGRAM INVOLVES EXPOSING THOSE INDIVIDUALS WHO HAVE HISTORICALLY BEEN EXCLUDED FROM THE GAME OF GOLF TO THE GAME. SPECIFICALLY, VETERANS AND OTHERS WITH DISABILITIES, MINORITIES, INNER-CITY YOUTH, AND JUNIOR GOLFERS HAVE BEEN EXPOSED TO & BENEFITTED FROM THE GOLF DEVELOPMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Waugh CEO | Officer | 1 | $0 |
Jeffrey Price Cco | Officer | 3 | $0 |
Rhona Aime CFO | 1 | $0 | |
Henry Smokler General Coun | Officer | 1 | $0 |
Arjun Chowdri Cio | 1 | $0 | |
Sandra Cross Cpo | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A-1 Screen Printing D/b/a Underground Printing Printing & Prod | 3/30/23 | $1,227,417 |
Community Counseling Service Co Llc Prof Services | 3/30/23 | $452,145 |
Grayhawk Golf Club Course Fees | 3/30/23 | $107,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $857,765 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,326,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,184,148 |
| Total Program Service Revenue | $167,140 |
| Investment income | $631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,359,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,054,389 |
| Grants and other assistance to domestic individuals. | $310,916 |
| 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 | $2,487,054 |
| Fees for services: Legal | $16,617 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $452,113 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,686,738 |
| Advertising and promotion | $408,007 |
| Office expenses | $182,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,082 |
| Travel | $395,157 |
| 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 | $0 |
| All other expenses | $286,971 |
| Total functional expenses | $9,359,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $630,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $489,139 |
| 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 | $123,340 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,397 |
| Total assets | $1,247,093 |
| Accounts payable and accrued expenses | $709,274 |
| Grants payable | $0 |
| Deferred revenue | $475,161 |
| 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 | $715,099 |
| Total liabilities | $1,899,534 |
| Net assets without donor restrictions | -$652,441 |
| 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 | $1,247,093 |
Grants Awarded
Over the last fiscal year, Pga Foundation Inc has awarded $1,043,484 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LPGA FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
CITYSWING FOUNDATION INC PURPOSE: GENERAL SUPPORT | $350,000 |
FIRST TEE OF LOUISVILLE PURPOSE: GENERAL SUPPORT | $25,000 |
TULSA COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $300,000 |
CLEARVIEW LEGACY FOUNDATION PURPOSE: GENERAL SUPPORT | $250,000 |
USA GOLF FEDERATION INC PURPOSE: GENERAL SUPPORT | $12,500 |