First Tee West Texas Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-0777833
Organization Overview
First Tee West Texas Inc is located in Midland, TX. The organization was established in 2019. According to its NTEE Classification (N6A) the organization is classified as: Golf, 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. First Tee West Texas 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 12/2021, First Tee West Texas Inc generated $1.1m in total revenue. All expenses for the organization totaled $269.5k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLE PURPOSE AND MISSION OF THE CORPORATION IS TO IMPACT THE LIVESOF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILDCHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICESTHROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, FIRST TEE COMPLETED THE BUILDING OF THEIR 6-GOLF GOLF COURSE, LONG DRIVING RANGE, AND SHORT DRIVING RANGE, CALLED THE FACILITY. IN ADDITION, FIRST TEE HELD THE PRO AM GOLF TOURNAMENT FUNDRAISER AT MIDLAND COUNTRY CLUB IN OCTOBER 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Mccormick Executive Director | Officer | 40 | $80,000 |
Alex Beal Director | Trustee | 0 | $0 |
Phillip Beal Director | Trustee | 0 | $0 |
Jason Hamm Director | Trustee | 1 | $0 |
Tony Farish Director | Trustee | 2 | $0 |
Randy Silva Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,071,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,856 |
| Total Program Service Revenue | $19,555 |
| 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 | $1,091,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $131,250 |
| Compensation of current officers, directors, key employees. | $131,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,041 |
| 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 | $0 |
| Advertising and promotion | $51,278 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,852 |
| 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 | $40,061 |
| Insurance | $11,644 |
| All other expenses | $0 |
| Total functional expenses | $269,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,393 |
| Savings and temporary cash investments | $0 |
| 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 | $2,495 |
| Net Land, buildings, and equipment | $1,979,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,031,641 |
| 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 | $2,031,641 |
| 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 | $2,031,641 |