Ct Pan Foundation
- Assets
- $257.0k
- Revenue
- $162.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Conroe, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-4202877
Organization Overview
Ct Pan Foundation is located in Conroe, TX. 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. CT Pan 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 12/2021, CT Pan Foundation generated $162.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $82.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE C.T. PAN FOUNDATION IS TO CREATE OPPORTUNITIES FOR YOUTH TO EXPLORE AND EXPAND THEIR PASSION FOR THE GAME OF GOLF AND PURSUE HIGHER EDUCATION BY LEVERAGING LIFE SKILLS LEARNED TO ENHANCE THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE C.T. PAN JUNIOR CHAMPIONSHIP - AS PART OF THE AJGA TOURNAMENT ENSURES THAT TOP TAIWANESE JUNIOR GOLFERS HAVE A CHANCE TO PERFORM IN FRONT OF NCAA COLLEGE COACHES. IN 2021, 78 GOLFERS, INCLUDING 10 FROM TAIWAN PARTICIPATED IN THE PROGRAM. THE PROGRAM PROVIDED ASSISTED WITH TRAVEL AND OTHER EXPENSES.
JERRY LU SCHOLARSHIPS - AWARDED TO HIGHER EDUCATION STUDENTS TO PROVIDE FINANCIAL ASSISTANCE TO HELP THEM PURSUE A COLLEGE OR UNIVERSITY DEGREE. ONE SCHOLARSHIP WAS AWARDED IN 2021.
HOUSTON YOUTH GOLF CLINICS - IN AN EFFORT TO TAKE TAIWANESE YOUTH GOLF TO THE NEXT LEVEL. THE ADVANCED CLINIC IS DESIGNED TO FOCUS ON STRENGTHENING TAIWANESE YOUTH GOLF SKILLS IN AN EFFORT TO HELP THEM ACHIEVE SUCCESS ON A GREATER GOLF STAGE. PROGRAM SERVICES WERE LIMITED IN 2021 DUE TO THE COVID PANDEMIC.
TAIWAN YOUTH GOLF CLINIC - TO EXPOSE STUDENTS TO THE GAME OF GOLF AND PROVIDE THEM WITH RESOURCES THEY MIGHT NOT OTHERWISE BE ABLE TO OBTAIN ON THEIR OWN. PROGRAM SERVICES WERE LIMITED IN 2021 DUE TO THE COVID PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheng-Tsung Pan President | Officer | 1.5 | $0 |
Dr Michael Chen Board Member | Trustee | 1.5 | $0 |
Cheryl Ridlehuber Board Member | Trustee | 1.5 | $0 |
Chris Lin Board Member | Trustee | 1.5 | $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 | $162,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,052 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $162,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| 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 | $7,891 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| 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 | $82,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,071 |
| Savings and temporary cash investments | $253,964 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,035 |
| 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 | $257,035 |
| 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 | $257,035 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ct Pan Foundation has recieved totaling $7,196.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Golf Association Addison, TX | $2,534,829 | $5,619,733 |
Southern Texas Professional Golfers Association Foundation Spring, TX | $1,262,377 | $3,073,197 |
Houston Municipal Golf Association Inc Houston, TX | $10,363,171 | $2,409,607 |
The Notah Begay Iii Foundation Inc Santa Ana Pueblo, NM | $10,427,871 | $7,723,730 |
Long Game Youth Foundation Of Central Texas Austin, TX | $2,484,827 | $2,206,567 |
South Central Section Of The Profes Sional Golf Association Broken Arrow, OK | $1,539,248 | $1,298,771 |
The First Tee Of Greater Houston Inc Houston, TX | $2,306,318 | $1,268,707 |
Ward County Golf Association Monahans, TX | $334,197 | $1,006,663 |
Youth Golf Of Northwest Arkansas Lowell, AR | $1,433,766 | $861,090 |
Louisiana Golf Association Lafayette, LA | $574,594 | $827,417 |
Oga Inc Edmond, OK | $926,637 | $964,355 |
Arkansas State Golf Association Little Rock, AR | $753,189 | $837,673 |