North Texas Junior Golf & Education Foundation
- Assets
- $4.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Addison, TX
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 75-2602809
Organization Overview
North Texas Junior Golf & Education Foundation, operating under the name The First Tee Of Greater Dallas, is located in Addison, TX. The organization was established in 1995. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, First Tee Of Greater Dallas employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee Of Greater Dallas 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 12/2023, First Tee Of Greater Dallas generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTH TEXAS JR. GOLF AND EDUCATION FOUNDATION REACHED MORE THAN 1,400 STUDENTS AT MORE THAN 198 SCHOOLS THROUGH THE FIRST TEE NATIONAL SCHOOL PROGRAM. COLLEGE SCHOLARSHIPS WERE PRESENTED TO 36 GRADUATES OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Todd Chairman | OfficerTrustee | 3 | $0 |
Tom Watson Vice Chairman | OfficerTrustee | 3 | $0 |
Artie Starrs Director | Trustee | 3 | $0 |
Zach Fee Director | Trustee | 3 | $0 |
Dr Anthony Lyssy Director | Trustee | 3 | $0 |
Cheri Whitten Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,935 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,874 |
| Total Program Service Revenue | $104,356 |
| Investment income | $55,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $185,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $118,588 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,726 |
| Compensation of current officers, directors, key employees. | $22,011 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $588,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,681 |
| Payroll taxes | $119,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,867 |
| Advertising and promotion | $41,695 |
| Office expenses | $27,804 |
| Information technology | $38,619 |
| Royalties | $0 |
| Occupancy | $71,799 |
| Travel | $45,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,769 |
| Insurance | $13,454 |
| All other expenses | $14,675 |
| Total functional expenses | $1,544,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,686 |
| Savings and temporary cash investments | $1,145,788 |
| 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 | $2,498,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,917 |
| Total assets | $4,048,952 |
| Accounts payable and accrued expenses | $31,730 |
| 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 | $66,922 |
| Total liabilities | $98,652 |
| Net assets without donor restrictions | $3,950,300 |
| 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 | $4,048,952 |
Grants Awarded
Over the last fiscal year, North Texas Junior Golf & Education Foundation has awarded $50,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BERKLEE COLLEGE OF MUSIC PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF ARKANSAS MONTICELLO PURPOSE: SCHOLARSHIP | $8,500 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $8,500 |
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
UNIVERSITY OF NORTH TEXAS PURPOSE: SCHOLARSHIP | $11,500 |
TEXAS WOMAN'S UNIVERSITY PURPOSE: SCHOLARSHIP | $6,500 |