Northern Texas Pga Foundation
- Assets
- $5.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 75-2216940
Organization Overview
Northern Texas Pga Foundation is located in Dallas, 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 12/2021, Northern Texas Pga Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 10.3% 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
2021
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 | $283,166 |
J Courtney Connell President | Trustee | 0 | $0 |
Cameron Doan Secretary | Trustee | 0 | $0 |
Jake Mccullough Vice President | Trustee | 0 | $0 |
John Sikes Chapter Pres. | Trustee | 0 | $0 |
Brian Mckinley Chapter Pres. | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $337,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,942,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,279,667 |
| Total Program Service Revenue | $2,241,817 |
| Investment income | $126,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,146 |
| Net Gain/Loss on Asset Sales | $51,852 |
| Net Income from Fundraising Events | $924,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,624,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $286,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,165 |
| Compensation of current officers, directors, key employees. | $56,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $793,731 |
| Pension plan accruals and contributions | $64,921 |
| Other employee benefits | $0 |
| Payroll taxes | $81,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $246,974 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,379 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,554 |
| Insurance | $83,241 |
| All other expenses | $218,880 |
| Total functional expenses | $4,820,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,023 |
| Savings and temporary cash investments | $2,864,255 |
| 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 | $23,970 |
| Investments—publicly traded securities | $2,643,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,750,643 |
| 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 | $5,750,643 |
| 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 | $5,750,643 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Northern Texas Pga Foundation has recieved totaling $3,119,860.
| Awarding Organization | Amount |
|---|---|
Professional Golfers Association Of America Frisco, TX PURPOSE: CHARITABLE | $2,512,500 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $254,250 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $125,000 |
The Fritz And Mary Lee Duda Family Foundation Dallas, TX PURPOSE: GENERAL SUPPORT | $115,000 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $55,000 |
Jordan Spieth Family Foundation Dallas, TX PURPOSE: TO PROVIDE THE ORGANIZATION WITH THE FUNDS NEEDED TO FULFILL THEIR GOALS LOCALLY. | $47,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
San Antonio Bowl Association Inc San Antonio, TX | $23,366,634 | $15,285,082 |
Bowling Proprietors Association Of America Inc Arlington, TX | $23,082,341 | $10,209,119 |