Professional Golfers Assoc Of America
- Assets
- $3.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 18
- Location
- West Palm Beach, FL
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 59-1950212
Organization Overview
Professional Golfers Assoc Of America is located in West Palm Beach, FL. The organization was established in 1989. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Professional Golfers Assoc Of America employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Golfers Assoc Of America 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, Professional Golfers Assoc Of America generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE SOUTH FLORIDA SECTION WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND GENERAL PUBLIC. AS A RESULT, THE SOUTH FLORIDA SECTION WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFERS' VOCATION, STIMULATE INTEREST IN THE GAME OF GOLF AND PROMOTE THE OVERALL VITALITY OF THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENTS: AS PART OF SOUTH FLORIDA SECTION'S MISSION TO PROMOTE THE GAME OF GOLF, WE PROVIDE PLAYING OPPORTUNITIES FOR GOLF PROFESSIONALS AND AMATEURS ALIKE. THESE PLAYING OPPORTUNITIES ENCOURAGE MORE PARTICIPATION IN THE GAME OF GOLF BY PROMOTING THE GAME THROUGH ITS GRASS ROOTS EFFORTS IN THE SOUTH FLORIDA REGION.
EDUCATION: GOLF PROFESSIONALS ARE THE FOUNDATION OF GOLF. THE PROFESSIONALS ARE EXPERT INSTRUCTORS AND COMMUNITY LEADERS WHO HELP PROVIDE AFFORDABLE AND ACCESSIBLE GOLF TO EVERYONE, EVERYWHERE WITHIN THE SOUTH FLORIDA REGION. THE SOUTH FLORIDA REGION PROVIDES EDUCATIONAL PROGRAMS TO ENSURE THAT GOLF PROFESSIONALS WILL REMAIN AT THE FOREFRONT OF THE GAME PROVIDING ENJOYMENT TO MANY FOR GENERATIONS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Lofstead Executive Director | Officer | 55 | $262,320 |
Meredith Schuler Director Of Operations | 40 | $135,686 | |
Don Meadows President | OfficerTrustee | 2 | $0 |
Paul Clivio Vice President | OfficerTrustee | 2 | $0 |
Eric Veilleux Secretary | OfficerTrustee | 2 | $0 |
Karl Bublitz Honorary President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,373,032 |
| Investment income | $15,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,425,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $530 |
| 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. | $298,393 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,908 |
| Payroll taxes | $61,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,453 |
| Fees for services: Other | $46,130 |
| Advertising and promotion | $55,658 |
| Office expenses | $91,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,417 |
| Travel | $73,363 |
| 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 | $56,888 |
| Insurance | $42,566 |
| All other expenses | $51,977 |
| Total functional expenses | $3,153,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,606 |
| Savings and temporary cash investments | $1,103,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,690 |
| 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 | $9,741 |
| Net Land, buildings, and equipment | $1,069,311 |
| Investments—publicly traded securities | $909,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,072 |
| Total assets | $3,609,647 |
| Accounts payable and accrued expenses | $88,904 |
| Grants payable | $0 |
| Deferred revenue | $594,915 |
| 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 | $25,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,024 |
| Total liabilities | $791,843 |
| Net assets without donor restrictions | $2,817,804 |
| 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 | $3,609,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Professional Golfers Assoc Of America has recieved totaling $262,179.
| Awarding Organization | Amount |
|---|---|
Childrens Healthcare Charity Inc Palm Beach Gardens, FL PURPOSE: GENERAL SUPPORT | $262,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Polo Association Wellington, FL | $254,907,980 | $37,871,652 |
Professional Golfers Assoc Of America West Palm Beach, FL | $3,609,647 | $3,425,422 |
Champion Women Jacksonville, FL | $74,123 | $0 |
Bobby Lane High School Cup Inc Highland City, FL | $77,878 | $0 |
Southwest Florida Water Polo Foundation Inc Osprey, FL | $25,162 | $0 |
American Dairy Assn Of Sc Atlanta, GA | $14,830 | $46,437 |
A10tion Foundation Inc Fort Valley, GA | $330 | $0 |
Challenger League Leesburg, GA | $165,175 | $0 |
Safari Club International Bryceville, FL | $94,904 | $0 |
Safari Club International Fort Lauderdale, FL | $67,172 | $0 |
Rolling Tigers Booster Club Inc Mobile, AL | $2,279 | $0 |
3tsports Inc Jefferson, GA | $3,489 | $0 |