Hudson Valley Golf Foundation
- Assets
- $12.5m
- Revenue
- $167.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Cornwall, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-3728616
Organization Overview
Hudson Valley Golf Foundation is located in Cornwall, NY. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Hudson Valley Golf Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Valley 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, Hudson Valley Golf Foundation generated $167.6k 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 (55.2%) each year. All expenses for the organization totaled $630.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A GOLF COURSE FOR THE WEST POINT MILITARY ACADEMY GOLF TEAM, US MILITARY VETERANS, AND ALSO BE ABLE TO HOLD EVENTS FOR CHARTITIES AND OTHER OCCASIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A GOLF COURSE FOR THE WEST POINT MILITARY ACADEMY GOLF TEAM, US MILITARY VETERANS, AND ALSO BE ABLE TO HOLD EVENTS FOR CHARITIES AND OTHER OCCASIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Owen III President | Officer | 0 | $0 |
Chris Gray VP | Officer | 0 | $0 |
Chad Bagley Secretary | Officer | 0 | $0 |
Ralph Hamm III Treasurer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jgcc Golf N Sports Turf Inc Renovation/construction | 12/30/22 | $1,366,315 |
Grayworks Llc Facilities Management | 12/30/22 | $179,349 |
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 | $163,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,272 |
| Total Program Service Revenue | $0 |
| Investment income | $1,229 |
| 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 | $167,615 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,205 |
| Payroll taxes | $16,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,827 |
| Fees for services: Accounting | $39,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,756 |
| 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 | $67,053 |
| Insurance | $0 |
| All other expenses | $55,119 |
| Total functional expenses | $630,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $966,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,395 |
| 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 | $2,925 |
| Net Land, buildings, and equipment | $11,243,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,628 |
| Other assets | $269,201 |
| Total assets | $12,514,226 |
| Accounts payable and accrued expenses | $850,145 |
| 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 | $9,133,689 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $350,000 |
| Other liabilities | $269,381 |
| Total liabilities | $10,603,215 |
| Net assets without donor restrictions | $1,911,011 |
| 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 | $12,514,226 |