New England Pga Foundation Inc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Boylston, MA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-4172947
Organization Overview
New England Pga Foundation Inc is located in Boylston, MA. The organization was established in 2017. 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. New England Pga Foundation Inc 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, New England Pga Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 23.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT ENRICH THE LIVES OF INDIVIDUALS THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AND FUND PROGRAMS THAT IMPROVE INDIVIDUALS' LIVES BY PROMOTING PHYSICAL FITNESS, CULTIVATING CHARACTER, AND UNITING COMMUNITIES TOGETHER THROUGH THE SPORT OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Roberts Director | Trustee | 0.5 | $0 |
Jeff Martin Director | Trustee | 0.5 | $0 |
Cory Mansfield Director | Trustee | 0.5 | $0 |
Dan Gillis Director | Trustee | 0.5 | $0 |
Brendan Walsh Director | Trustee | 0.5 | $0 |
Mark Aldrich Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,539 |
| Noncash contributions included in lines 1a–1f | $43,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,739 |
| Total Program Service Revenue | $615,931 |
| Investment income | $17,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,222 |
| Net Income from Fundraising Events | $17,106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,905 |
| Grants and other assistance to domestic individuals. | $109,014 |
| 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 | $424,433 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,270 |
| Fees for services: Other | $35,172 |
| Advertising and promotion | $1,577 |
| Office expenses | $25,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,871 |
| Total functional expenses | $1,071,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,103 |
| Savings and temporary cash investments | $5,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,557 |
| 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 | $495,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,309 |
| Total assets | $1,229,191 |
| Accounts payable and accrued expenses | $35,799 |
| Grants payable | $0 |
| Deferred revenue | $18,020 |
| 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 | $53,819 |
| Net assets without donor restrictions | $612,830 |
| Net assets with donor restrictions | $562,542 |
| 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 | $1,229,191 |
Grants Awarded
Over the last fiscal year, New England Pga Foundation Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS MASSACHUSETTS PURPOSE: SUPPORT SPECIAL OLYMPICS | $50,000 |
CHILDREN'S HOSPITAL CORPORATION DBA BOSTON CHILDRENS HOSPITAL PURPOSE: SUPPORT THE CHILDREN'S HOSPITAL | $50,000 |