Lpga Tournament Owners Association Inc
- Assets
- $732.8k
- Revenue
- $48.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ormond Beach, FL
- Founding
- 05/1991
- Data as of
- 12/2017
- EIN
- 62-1370922
Organization Overview
Lpga Tournament Owners Association Inc is located in Ormond Beach, FL. The organization was established in 1991. According to its NTEE Classification (N6A) the organization is classified as: Golf, 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. Lpga Tournament Owners Association Inc 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 12/2017, Lpga Tournament Owners Association Inc generated $48.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $90.5k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A FORUM FOR GROUPS WHO ORGANIZE AND PRODUCE LADIES PROFESSIONAL GOLF TOURNAMENTS FOR THE PURPOSE OF CHARITY FUNDRAISING, COMMUNITY ENHANCEMENT, AND CORPORATE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUT ON ANNUAL MEETING FOR LPGA TOURNAMENT SPONSORS TO PROVIDE A FORUM TO SHARE IDEAS AND TECHNICAL ASSISTANCE IN THE AREAS OF CHARITY ENTERTAINMENT, PRODUCT MARKETING AND SALES, AND INDIVIDUAL COMMUNITY ENHANCEMENT
COORDINATED AND ADMINISTERED EDUCATION, PLANNING, PUBLICITY, AND TECHNICAL ASSISTANCE TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Neal Chairman | OfficerTrustee | 10 | $23,000 |
Judd Silverman Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kevin Hopkins Director | Trustee | 1 | $0 |
Harry Hardy Director | Trustee | 1 | $0 |
Tim Erensen Director | Trustee | 1 | $0 |
Jeff Raedle Director | Trustee | 1 | $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 | $0 |
| Investment income | $17,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $23,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $90,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,361 |
| Savings and temporary cash investments | $87,822 |
| 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 | $638,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64 |
| Total assets | $732,775 |
| 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 | $38,688 |
| Total liabilities | $38,688 |
| Unrestricted restricted net Assets | $694,087 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $694,087 |