Astros Golf Foundation
- Assets
- $11.5m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-1791157
Organization Overview
Astros Golf Foundation is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community 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. Astros Golf 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 12/2022, Astros Golf Foundation generated $28.8m in total revenue. All expenses for the organization totaled $23.4m during the year ending 12/2022.
Since 2020, Astros Golf Foundation has awarded 33 individual grants totaling $41,471,642. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING THE LIVES OF HOUSTONIANS AND EMPOWERING THE COMMUNITY THROUGH THE GAME OF GOLF
Describe the Organization's Program Activity:
Part 3 - Line 4a
PGA PRO GOLF TOURNAMENT, THE HOUSTON OPEN, WAS PLAYED NOVEMBER 10TH-13TH, 2022. THE EVENT RAISED FUNDS FOR 501(C)(3) CHARITIES IN THE HOUSTON AREA. THE HOUSTON OPEN ACTIVITY INCLUDES THE HOUSTON PRO-AM AND THE HOUSTON JUNIOR PRO-AM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giles Kibbe President & Director | OfficerTrustee | 10 | $100,000 |
James R Crane Director | Trustee | 1 | $0 |
Jared Crane Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Michael Slaughter Treasurer & Director | OfficerTrustee | 2 | $0 |
James Callaway Tournament Director | 40 | $244,353 | |
Brian White Sales Manager | 40 | $275,102 |
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 | $854,828 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $854,828 |
| Total Program Service Revenue | $27,882,988 |
| Investment income | $99,828 |
| 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 | $28,837,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,934,796 |
| 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. | $619,455 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,224 |
| Pension plan accruals and contributions | $28,929 |
| Other employee benefits | $83,572 |
| Payroll taxes | $44,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $260,817 |
| Office expenses | $127,402 |
| Information technology | $53,655 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,985 |
| Insurance | $86,245 |
| All other expenses | $0 |
| Total functional expenses | $23,443,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,658 |
| Savings and temporary cash investments | $7,754,563 |
| Pledges and grants receivable | $1,699,903 |
| Accounts receivable, net | $152,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $231,732 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,000 |
| Total assets | $11,452,183 |
| Accounts payable and accrued expenses | $6,177,328 |
| Grants payable | $0 |
| Deferred revenue | $2,452,332 |
| 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 | $8,629,660 |
| Net assets without donor restrictions | $1,066,083 |
| Net assets with donor restrictions | $1,756,440 |
| 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 | $11,452,183 |
Grants Awarded
Over the last fiscal year, Astros Golf Foundation has awarded $4,820,719 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ASTROS FOUNDATION PURPOSE: CHARITABLE PURPOSE | $3,000,000 |
MEMORIAL PARK CONSERVANCY PURPOSE: CHARITABLE PURPOSE | $248,218 |
NEW LIFE ADOPTIONS PURPOSE: CHARITABLE PURPOSE | $197,360 |
FIRST TEE OF GREATER HOUSTON PURPOSE: CHARITABLE PURPOSE | $500,000 |
PROJECT JOY & HOPE PURPOSE: CHARITABLE PURPOSE | $122,750 |
CY-HOPE PURPOSE: CHARITABLE PURPOSE | $111,840 |