Chairmans Cup Foundation
- Assets
- $985.6k
- Revenue
- $42.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 10/2004
- Data as of
- 12/2020
- EIN
- 83-6057842
Organization Overview
Chairmans Cup Foundation is located in New Orleans, LA. The organization was established in 2004. 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. Chairmans Cup 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 12/2020, Chairmans Cup Foundation generated $42.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $30.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Chairmans Cup Foundation has awarded 16 individual grants totaling $149,738. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MONETARILY ASSIST OTHER CHARITABLE ORGANIZATIONS TO PROMOTE CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF DONATIONS AND ANNUAL GOLF TOURNAMENT PROCEEDS TO CHARITABLE ORGANIZATIONS TO PROMOTE CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES.
DISTRIBUTION OF DONATIONS AND ANNUAL GOLF TOURNAMENT PROCEEDS TO CHARITABLE ORGANIZATIONS TO PROMOTE CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sickey Advisory Panel | Trustee | 1 | $0 |
Greg Raynor Advisory Panel | Trustee | 1 | $0 |
Crystal Williams Advisory Panel | Trustee | 1 | $0 |
Hancock Whitney Bank Trustee | 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 | $19,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,116 |
| Total Program Service Revenue | $0 |
| Investment income | $19,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,000 |
| 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. | $2,441 |
| Compensation of current officers, directors, key employees. | $2,441 |
| 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 | $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 | $0 |
| 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 | $0 |
| Total functional expenses | $30,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,005 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $899,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $985,607 |
| 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 | $985,607 |
| 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 | $985,607 |
Grants Awarded
Over the last fiscal year, Chairmans Cup Foundation has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY | | | $10,000 |
SALVATION ARMY | | | $10,000 |
OAKDALE DIXIE GIRLS SOFTBALL | | | $6,000 |
OAKDALE DIXIE GIRLS SOFTBALL | | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |
Mission Metroplex Inc Arlington, TX | $42,524,907 | $8,870,339 |
The Crystal Charity Ball Dallas, TX | $41,414,628 | $8,837,838 |
The Dallas Opera Foundation Dallas, TX | $34,130,808 | $2,969,091 |
Human Investments Org Dallas, TX | $0 | $1,674,979 |
United Way Foundation Of Metropolitan Dallas Dallas, TX | $60,886,315 | $5,660,859 |
Helping A Hero Org Houston, TX | $1,158,232 | $3,656,696 |