Impact Through Golf Foundation
- Assets
- $2.6m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 0
- Location
- La Quinta, CA
- Founding
- Data as of
- 06/2022
- EIN
- 84-2411420
Organization Overview
Impact Through Golf Foundation is located in La Quinta, CA. 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. Impact Through 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 06/2022, Impact Through Golf Foundation generated $10.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Impact Through Golf Foundation has awarded 125 individual grants totaling $4,032,500. 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
IN PARTNERSHIP WITH THE PGA TOUR, TO RAISE FUNDS THROUGH ITS OPERATION OF A PGA TOUR-SANCTIONED GOLF TOURNAMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A PGA TOUR-SANCTIONED GOLF TOURNAMENT WHICH WILL PROVIDE ASSISTANCE TO VARIOUS CHARITIES, INCLUDING ORGANIZATIONS IN THE COACHELLA VALLEY, CA AREA.
OPERATES A PGA TOUR-SANCTIONED GOLF TOURNAMENT WHICH WILL PROVIDE ASSISTANCE TO VARIOUS CHARITIES, INCLUDING ORGANIZATIONS IN THE COACHELLA VALLEY, CA AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Diamond Director | Trustee | 1 | $0 |
Linda Evans Director | Trustee | 1 | $0 |
Robert Kain Director | Trustee | 1 | $0 |
James Mccain Director | Trustee | 1 | $0 |
John Veihmeyer Director | Trustee | 1 | $0 |
Frank Marzano Chairman | Officer | 10 | $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 | $3,720,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,170,338 |
| 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 | $10,170,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| 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. | $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 | $500,000 |
| Fees for services: Legal | $124 |
| Fees for services: Accounting | $60,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $941,184 |
| Advertising and promotion | $460,925 |
| Office expenses | $16,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,926 |
| Travel | $579 |
| 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 | $3,000 |
| Total functional expenses | $10,096,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,091,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,215 |
| 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 | $32,690 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,935 |
| Total assets | $2,628,567 |
| Accounts payable and accrued expenses | $273,052 |
| Grants payable | $1,212,058 |
| Deferred revenue | $1,034,993 |
| 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 | $2,520,103 |
| Net assets without donor restrictions | $108,464 |
| 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 | $2,628,567 |
Grants Awarded
Over the last fiscal year, Impact Through Golf Foundation has awarded $1,945,000 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD IN NEED OF DISTRIBUTION PURPOSE: Program Support | $85,000 |
COACHELLA VALLEY RESCUE MISSION PURPOSE: Program Support | $50,000 |
DESERT ARC PURPOSE: Program Support | $50,000 |
FIRST TEE - COACHELLA VALLEY PURPOSE: Program Support | $50,000 |
KPMG US FOUNDATION INC PURPOSE: Program Support | $50,000 |
MARTHA'S VILLAGE AND KITCHEN PURPOSE: Program Support | $50,000 |