Northern Texas Pga Foundation
- Assets
- $13.3m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 75-2216940
Organization Overview
Northern Texas Pga Foundation is located in Frisco, TX. The organization was established in 1989. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Northern Texas Pga Foundation 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 12/2022, Northern Texas Pga Foundation generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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
JUNIOR GOLF PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GOLF EDUCATION AND SCHOLARSHIPS FOR JUNIOR GOLFERS IN NORTH TEXAS, AND HOLDS TOURNAMENTS FOR INSTRUCTION AND EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Harrison Exec. Director | OfficerTrustee | 40 | $314,805 |
Ryan Kossick Asst.exec. Director | OfficerTrustee | 40 | $0 |
Jake Mccullough President | Trustee | 0 | $0 |
Cameron Doan Vice President | Trustee | 0 | $0 |
Ira Molayo Secretary | Trustee | 0 | $0 |
Chris Hudson Chapter Pres. | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $355,365 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,103,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,459,176 |
| Total Program Service Revenue | $2,618,098 |
| Investment income | $115,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,417 |
| Net Gain/Loss on Asset Sales | -$53,087 |
| Net Income from Fundraising Events | $976,265 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,155,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $353,718 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,805 |
| Compensation of current officers, directors, key employees. | $62,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,004,985 |
| Pension plan accruals and contributions | $72,137 |
| Other employee benefits | $0 |
| Payroll taxes | $101,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $238,825 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,459 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,674 |
| Interest | $2,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,942 |
| Insurance | $67,414 |
| All other expenses | $177,560 |
| Total functional expenses | $4,156,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,931 |
| Savings and temporary cash investments | $875,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,902 |
| 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 | $9,824,696 |
| Investments—publicly traded securities | $2,501,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,345,922 |
| 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 | $1,373,237 |
| Total liabilities | $1,373,237 |
| Net assets without donor restrictions | $11,972,685 |
| 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 | $13,345,922 |