Terra Cotta Golf Charities Inc
- Assets
- $21.0k
- Revenue
- $139.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/1997
- Data as of
- 09/2022
- EIN
- 59-3405107
Organization Overview
Terra Cotta Golf Charities Inc is located in Naples, FL. The organization was established in 1997. 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. Terra Cotta Golf Charities 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 09/2022, Terra Cotta Golf Charities Inc generated $139.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $135.8k during the year ending 09/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS TO BENEFIT WORTHY LOCAL CHARITABLE AND EDUCATIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE & OPERATE ANNUAL AMATEUR GOLF TOURNAMENT, INCLUDING PLAYER DINNER TO BENEFIT LOCAL (COLLIER COUNTY, FL) WORTHY CHARITABLE CAUSES & EDUCATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Glass V.p., Sec., Treasurer, & Director | OfficerTrustee | 4 | $0 |
John Cardillo President & Director | OfficerTrustee | 4 | $0 |
Bernard Portnoy Director (as Of 04/2022) | Trustee | 1 | $0 |
Peter Barry Director (thru 12/2021) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,224 |
| 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 | $151,224 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| 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. | $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 | $1,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,150 |
| Office expenses | $2,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,276 |
| Travel | $306 |
| 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 | $0 |
| Total functional expenses | $135,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,966 |
| 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 | $20,966 |
| 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 | $20,966 |
Grants Awarded
Over the last fiscal year, Terra Cotta Golf Charities Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Naples, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Ft Myers, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Naples, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Naples, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Naples, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Terra Cotta Golf Charities Inc has recieved totaling $12,650.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,450 |
Gregory D And Kimberlee K White Foundation Naples, FL PURPOSE: FOR UNRESTRICTED USE IN TAX EXEMPT PURPOSE | $5,000 |
Maurice And Michele Taylor Foundation Quincy, IL PURPOSE: CHARITABLE - OPERATING & EDUCATIONAL | $2,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Path Foundation Inc Atlanta, GA | $7,941,143 | $9,456,940 |
Healthy Start Coalition Of Southwest Florida Inc Fort Myers, FL | $3,960,059 | $4,564,795 |
Central Florida Soccer Alliance Winter Springs, FL | $1,489,054 | $2,706,334 |
The Central Florida Sports Commission Inc Orlando, FL | $626,387 | $2,500,493 |
Rosen Aquatic And Fitness Center Inc Orlando, FL | $95,832 | $1,302,532 |
Prep Inc Tampa, FL | $316,454 | $1,277,580 |
World Wakeboard Association Inc Lake Alfred, FL | $59,302 | $903,389 |
Stand Strong International Inc Aventura, FL | $1,465,537 | $1,026,875 |
Croquet Foundation Of America Inc West Palm Beach, FL | $4,512,789 | $730,522 |
Atlanta Hawks Foundation Inc Atlanta, GA | $602,957 | $362,500 |
1818 Club Inc Duluth, GA | $1,656,440 | $1,043,925 |
Yoga 4 Change Incorporated Atlantic Beach, FL | $214,595 | $739,517 |