Golf Charitable Foundation Of Greater Des Moines
- Assets
- $1.2m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 01/2017
- Data as of
- 07/2021
- EIN
- 81-2651226
Organization Overview
Golf Charitable Foundation Of Greater Des Moines, operating under the name The Principal Charity Classic, is located in Des Moines, IA. The organization was established in 2017. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Principal Charity Classic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Principal Charity Classic has awarded 285 individual grants totaling $21,984,806. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS THE HOSTING CHARITY FOR THE ANNUAL PRINCIPAL CHARITY CLASSIC GOLF EVENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL CHARITY CLASSIC'S (PCC) OBJECTIVE IS TO RAISE FUNDS FOR IOWA CHARITIES PRIMARILY THROUGH DONATIONS AND SPONSORSHIP. THE PCC TOURNAMENT IS HELD ANNUALLY IN ORDER TO CONTRIBUTE TO THE ECONOMIC VITALITY AND QUALITY OF LIFE IN CENTRAL IOWA BY HEIGHTENING AWARENESS OF THE SELECTED CHARITABLE INSTITUTIONS AND PROVIDING ACCESS TO THE CULTURAL BENEFITS OF PROFESSIONAL LEVEL GOLF ACTIVITIES. EACH YEAR THE TOURNAMENT RAISES SIGNIFICANT FUNDS FROM PRIVATE CONTRIBUTIONS, SPONSORSHIPS, AND SALES OF TICKETS THAT ARE DISTRIBUTED TO LOCAL CHARITABLE ORGANIZATIONS. THESE CHARITABLE FUNDS ARE DISTRIBUTED THROUGH TWO MAIN PROGRAMS: BIRDIES FOR CHARITY AND TOURNAMENT CHARITY PARTNERS. IN FISCAL YEAR 2021, PCC INCREASED REVENUE BY $4,578,135 AND NET ORDINARY INCOME BY $541,778. THESE SIGNIFICANT INCREASES WERE DUE TO THE 2020 TOURNAMENT BEING CANCELLED DUE TO PANDEMIC PROTOCOLS.
BIRDIES FOR CHARITY IS A PROGRAM DESIGNED TO PROVIDE FINANCIAL SUPPORT TO 501(C)(3) CHARITIES BENEFITING CHILDREN THROUGHOUT IOWA. DONORS MAY PLEDGE FUNDS TO A PARTICIPATING CHARITY AS A FLAT AMOUNT. IN FISCAL YEAR 2021, ONE ADDITIONAL PARTICIPATING CHARITY WAS ADDED FOR A TOTAL OF 82. TOTAL FUNDS RECEIVED INCREASED BY $463,343 FROM $5,745,924 TO $6,209,267.
FORE OUR KIDS IS A PROGRAM THAT PROVIDES FOR FOUR TOURNAMENT CHARITY PARTNERS TO SERVE AS THE LEAD CHARITABLE ORGANIZATIONS. IN FISCAL YEAR 2021, TOURNAMENT CHARITY PARTNERS RECEIVED A TOTAL OF $340,000 OR $85,000 EACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Tauscheck Secretary And Director | OfficerTrustee | 1 | $0 |
Nick Cecere Chair And Director | OfficerTrustee | 10 | $0 |
Dan Houston Treasurer And Director | OfficerTrustee | 1 | $0 |
Kristi Knous Vice-Chair And Director | OfficerTrustee | 1 | $0 |
Jo Christine Miles President And Director | OfficerTrustee | 1 | $0 |
Dan Abbott Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bruno Event Team Llc Tournament Management | 7/30/21 | $670,000 |
Par Catering Tournament Catering | 7/30/21 | $275,000 |
Wakonda Club Tournament Facility | 7/30/21 | $275,000 |
Inproduction Tournament Structures | 7/30/21 | $370,000 |
Pro-em Tournament Tents | 7/30/21 | $200,000 |
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 | $6,209,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,209,267 |
| Total Program Service Revenue | $6,811,059 |
| Investment income | $35,601 |
| 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 | $13,055,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,282,090 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $996,882 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89,496 |
| Office expenses | $67,044 |
| Information technology | $22,426 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,984 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,570 |
| All other expenses | $69,216 |
| Total functional expenses | $12,786,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,161 |
| Savings and temporary cash investments | $634,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $197,403 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,241,409 |
| Accounts payable and accrued expenses | $352,439 |
| Grants payable | $0 |
| Deferred revenue | $83,502 |
| 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 | $435,941 |
| Net assets without donor restrictions | $805,468 |
| 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 | $1,241,409 |
Grants Awarded
Over the last fiscal year, Golf Charitable Foundation Of Greater Des Moines has awarded $6,829,962 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
Clive, IA PURPOSE: GENERAL OPERATIONS | $157,033 |
Urbandale, IA PURPOSE: GENERAL OPERATIONS | $115,799 |
Des Moines, IA PURPOSE: GENERAL OPERATIONS | $110,500 |
Des Moines, IA PURPOSE: GENERAL OPERATIONS | $110,300 |
Des Moines, IA PURPOSE: GENERAL OPERATIONS | $110,300 |
DOWLING CATHOLIC HIGH SCHOOL PURPOSE: GENERAL OPERATIONS | $110,250 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Golf Charitable Foundation Of Greater Des Moines has recieved totaling $379,765.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $100,000 |
American Endowment Foundation Hudson, OH PURPOSE: SALISBURY HOUSE - BIRDIES FOR CHARITY | $100,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $56,380 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $56,380 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $40,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - CLEAN HANDS FOR CLIVE CAMPAIGN | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Charitable Foundation Of Greater Des Moines Des Moines, IA | $1,241,409 | $13,055,927 |
Sethness Family Foundation Chicago, IL | $3,240,807 | $446,132 |
Wncc Facilities Corporation Scottsbluff, NE | $0 | $0 |
Community Value Alliance Inc Saint Louis, MO | $46,316 | $0 |
Csb Charitable Foundation Norwalk, IA | $1,614,540 | $993,863 |
Hastings Rotary Foundation Hastings, MN | $19,481 | $0 |
Just For Kids Foundation Maple Grove, MN | $13,140 | $0 |
Foundation For Illinois Colonial And American Studies Mt Auburn, IL | $46,727 | $0 |
Pleasant Hill Arts Foundation Pleasant Hill, IA | $54,694 | $44,735 |
Dcb Foundation Cedar Rapids, IA | $2,606,079 | $91,305 |
Americans For Good Inc Barrington, IL | $854,209 | $15,000 |
Virgil And Marjorie Norgaard Educational Tr Litchfield, MN | $208,835 | $15,060 |