Childrens Golf Foundation Inc
- Assets
- $3.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Riviera Beach, FL
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 65-0262208
Organization Overview
Childrens Golf Foundation Inc, operating under the name First Tee - Florida Gold Coast Or The First Tee Of Broward, is located in Riviera Beach, FL. The organization was established in 1992. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, First Tee - Florida Gold Coast Or The First Tee Of Broward employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee - Florida Gold Coast Or The First Tee Of Broward 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 12/2021, First Tee - Florida Gold Coast Or The First Tee Of Broward generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.5% 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 POSITIVELY IMPACT THE LIVES OF YOUNG PEOPLE, INCLUDING VETERANS AND THOSE WITH SPECIAL NEEDS, BY PROVIDING LEARNING FACILITIES AND EDUCATIONAL PROGRAMS THAT PROMOTE CHARACTER DEVELOPMENT AND LIFE ENHANCING VALUES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A 12-ACRE GOLF PRACTICE FACILITY AND DELIVERED PROGRAMS AT OVER 25 OTHER LOCATIONS IN PALM BEACH, MARTIN, ST. LUCIE, AND BROWARD COUNTIES PROVIDING GOLF INSTRUCTION TO MANY YOUNG PEOPLE, INCLUDING THOSE WITH DISABILITIES AND SPECIAL NEEDS AND VETERANS' GROUPS. IN 2020, OUR PARTICIPANTS INCLUDED OVER 2,200 STUDENTS FROM VARIOUS YOUTH DEVELOPMENT ORGANIZATIONS SUCH AS YMCAS, BOYS AND GIRLS CLUBS AND FAITH BASED ORGANIZATIONS. WE SERVED OVER 500 STUDENTS ATTENDING MULTIPLE SPECIAL NEEDS PROGRAMS AND REGISTERED OVER 150 SUMMER CAMPERS. WE TAUGHT OVER 350 VETERANS HOW TO PLAY GOLF AND PROVIDED MANY WITH GOLF EQUIPMENT AND ACCESS TO LOCAL GOLF COURSES. OVER 50% OF OUR STUDENTS ARE EITHER AFRICAN AMERICAN OR HISPANIC AND COME FROM LOW TO MODERATE INCOME HOUSEHOLDS. THE MAJORITY OF OUR STUDENTS AND GROUPS THAT PARTICIPATE IN OUR PROGRAMS HAVE NO MEANS TO PAY AND WE MUST FUND THE ENTIRE PROGRAM THROUGH DONATIONS TO OUR ORGANIZATION.
COLLEGE SCHOLARSHIP AWARDS ARE OFFERED TO QUALIFIED AND DEDICATED STUDENTS WHO PARTICIPATE IN ONE OF OUR LOCAL CHAPTERS THROUGH THEIR HIGH SCHOOL YEARS AND ASSIST OUR GOLF COACHING STAFF. CANDIDATES ARE ELIGIBLE TO RECEIVE A GRANT FOR THEIR COLLEGE RELATED EXPENSES IN PURSUING A FULL-TIME COLLEGE DEGREE PROGRAM AT AN ACCREDITED COLLEGE OR UNIVERSITY LOCATED IN THE UNITED STATES OF AMERICA FOR THE FIRST FOUR YEARS OF THEIR ACADEMIC ATTENDANCE. SCHOLARSHIPS ARE ALLOWED TO BE USED FOR SCHOOL TUITION, COMPUTER EQUIPMENT, BOOKS OR DORMITORY HOUSING. THE SCHOLARSHIP AMOUNTS DEPEND UPON THE NUMBER OF CANDIDATES AND THE AVAILABLE FUNDING. FOR THE YEAR ENDING DECEMBER 31, 2021 COLLEGE SCHOLARSHIPS IN THE AMOUNT OF $40,672 WERE PROVIDED TO STUDENTS THAT MET STRICT ACADEMIC STANDARDS WHICH ARE APPROVED BY THE SCHOLARSHIP COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl J Mistretta Jr Executive Director | Officer | 40 | $119,292 |
Steve Rockoff Chairman | OfficerTrustee | 2 | $0 |
Kenneth R Kennerly Vice Chairman | OfficerTrustee | 2 | $0 |
Andrew Hunt Secretary | OfficerTrustee | 2 | $0 |
Daniel Young Treasurer | OfficerTrustee | 1 | $0 |
David Norris ESQ Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $341,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,865,417 |
| Noncash contributions included in lines 1a–1f | $257,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,206,794 |
| Total Program Service Revenue | $101,751 |
| Investment income | $2,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $421,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,732,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,594 |
| Compensation of current officers, directors, key employees. | $30,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,797 |
| Pension plan accruals and contributions | $16,753 |
| Other employee benefits | $52,340 |
| Payroll taxes | $42,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,705 |
| Advertising and promotion | $52,129 |
| Office expenses | $52,755 |
| Information technology | $8,627 |
| Royalties | $0 |
| Occupancy | $28,694 |
| Travel | $31,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,639 |
| Interest | $5,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,118 |
| Insurance | $4,704 |
| All other expenses | $14,299 |
| Total functional expenses | $1,258,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,123,809 |
| Savings and temporary cash investments | $193,111 |
| Pledges and grants receivable | $1,201,968 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $114,122 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,601 |
| Net Land, buildings, and equipment | $700,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,340,515 |
| Accounts payable and accrued expenses | $40,652 |
| Grants payable | $0 |
| Deferred revenue | $25,907 |
| 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 | $126,000 |
| Other liabilities | $0 |
| Total liabilities | $192,559 |
| Net assets without donor restrictions | $2,208,857 |
| Net assets with donor restrictions | $939,099 |
| 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 | $3,340,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Golf Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Ken Duke And Friends Inc Stuart, FL | | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
The Golf Club At Palmira Inc Bonita Springs, FL | $17,478,158 | $5,448,490 |
Quarry Golf Club Inc Naples, FL | $19,662,305 | $5,952,672 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Golf Huntsville Birmingham, AL | $403,957 | $1,261,628 |