Invited Foundation
- Assets
- $2.8m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 75-2754798
Organization Overview
Invited Foundation is located in Irving, TX. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invited 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 12/2023, Invited Foundation generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.2% each year . All expenses for the organization totaled $11.0m during the year ending 12/2023. While expenses have increased by 73.8% per year over the past 5 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.
Since 2020, Invited Foundation has awarded 235 individual grants totaling $6,827,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PEOPLE ARE THE HEART AND FABRIC OF INVITED AND WE TAKE PRIDE IN CREATING VIBRANT COMMUNITIES WHERE EVERYONE IS WELCOME. AS A PART OF OUR MISSION TO STRENGTHEN COMMUNITIES AND ENRICH LIVES, WE CULTIVATE A CULTURE OF GIVING WITHIN THE COMPANY TO SUPPORT PROGRAMS & SERVICES THAT POSITIVELY IMPACT INDIVIDUAL WELL-BEING AND GROW THE GAME OF GOLF FOR UNDERREPRESENTED GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST PHILANTHROPIC INITIATIVE OF INVITED FOUNDATION IS CHARITY CLASSIC WHERE EACH CLUB IN OUR NETWORK HOSTS AN ANNUAL CHARITABLE FUNDRAISER TO BENEFIT A LOCAL NONPROFIT AND INVITED'S EMPLOYEE CARE FUND. THROUGH THIS PROGRAM WE RAISE MILLIONS OF DOLLARS IN DONATIONS FOR 100+ NONPROFIT ORGANIZATIONS. IN 2023, INVITED FOUNDATION DONATED OVER $2.5M; TOTAL GIVING SINCE THE PROGRAMS INCEPTION IS OVER $35M. WE CONTINUE TO SUPPORT OUR EMPLOYEES THROUGH TIMES OF FINANCIAL HARDSHIP THROUGH THE ECF. FUNDS DONATED THROUGH CHARITY CLASSIC AND EMPLOYEE DONATIONS HELP PROVIDE GRANT ASSISTANCE TO EMPLOYEES FOR VARIOUS UNFORESEEN EMERGENCIES CAUSED BY A SUDDEN DEATH IN THE FAMILY, HOME FIRE OR IMPACTS OF A NATURAL DISASTER. THE ECF GRANTED $575,000 IN FINANCIAL ASSISTANCE TO OVER 300 EMPLOYEES IN 2023. THE INVITED CELEBRITY CLASSIC WAS ALSO HELD IN 2023. THE TOURNAMENT IS HELD IN COLLABORATION WITH THE PGA TOUR CHAMPIONS AND FEATURES.WE ARE PROUD TO HAVE DONATED OVER $150,000 TO FIVE CHARITIES THAT SUPPORT JUNIOR GOLF, EDUCATIONAL SCHOLARSHIPS AND NEEDS OF MILITARY FAMILIES IN 2023. ICCS IMPACT OVER THE PAST THREE YEARS INCLUDE: $634,000 IN TOTAL CHARITABLE CONTRIBUTIONS $5.6 MILLION IN ECONOMIC IMPACT TO THE CITY OF IRVING AND LAS COLINAS 1,500+ VOLUNTEERS ENSURED THE EVENT WAS A SUCCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pillsbury President | OfficerTrustee | 1 | $0 |
Andrew Lacko Treasurer | OfficerTrustee | 1 | $0 |
Emily Decker Secretary | OfficerTrustee | 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 | $11,242,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,242,698 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,242,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,753,156 |
| 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 | $201,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,842 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,113,564 |
| Advertising and promotion | $13,306 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37,149 |
| Total functional expenses | $11,029,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $123,682 |
| 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 | $1,657,994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,814,610 |
| Accounts payable and accrued expenses | $2,369,001 |
| Grants payable | $0 |
| Deferred revenue | $251,911 |
| 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 | $2,620,912 |
| Net assets without donor restrictions | $193,698 |
| 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 | $2,814,610 |
Grants Awarded
Over the last fiscal year, Invited Foundation has awarded $2,640,077 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
A BRIGHTER DAY PURPOSE: GENERAL SUPPORT | $31,409 |
ANTHEM ROTARY FOUNDATION PURPOSE: GENERAL SUPPORT | $90,207 |
APPALACHIAN STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $16,201 |
ASSISTANCE LEAGUE COACHELLA PURPOSE: GENERAL SUPPORT | $8,507 |
ASST LEAGUE-RANCHO SAN DIEG PURPOSE: GENERAL SUPPORT | $26,095 |
ARIZONA HELPING HANDS PURPOSE: general support | $7,417 |