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 12/2021, Hudson Valley Golf Foundation employed 5 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 12/2021, Hudson Valley Golf Foundation generated $1.1m 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 (24.1%) each year. All expenses for the organization totaled $468.8k 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ray Owen III President | Officer | 0 | $0 |
Chad Bagley Secretary | Officer | 0 | $0 |
Chris Gray VP | Officer | 0 | $0 |
Ralph Hamm III Treasurer | Officer | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jgcc Golf N Sports Turf Inc Renovation/construction | 12/30/21 | $1,082,187 |
Grayworks Llc Facilities Management | 12/30/21 | $248,587 |
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 | $1,056,459 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,459 |
Total Program Service Revenue | $0 |
Investment income | $627 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $850 |
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 | $1,071,096 |
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 | $163,948 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,905 |
Payroll taxes | $14,683 |
Fees for services: Management | $0 |
Fees for services: Legal | $33,700 |
Fees for services: Accounting | $21,647 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,247 |
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 | $40,787 |
Insurance | $0 |
All other expenses | $28,939 |
Total functional expenses | $468,763 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,005,295 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,121 |
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 | $162,000 |
Net Land, buildings, and equipment | $6,476,103 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,649,519 |
Accounts payable and accrued expenses | $328,202 |
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 | $5,947,447 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $6,275,649 |
Net assets without donor restrictions | $2,373,870 |
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 | $8,649,519 |
Over the last fiscal year, we have identified 3 grants that Hudson Valley Golf Foundation has recieved totaling $2,025,000.
Awarding Organization | Amount |
---|---|
Association Of Graduates Of The United States Military Academy West Point, NY PURPOSE: CADET ACTIVITIES | $1,000,000 |
Association Of Graduates Of The United States Military Academy West Point, NY PURPOSE: CADET ACTIVITIES | $1,000,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hartford Golf Club West Hartford, CT | $10,526,252 | $10,110,374 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Spring Lake Golf Club Spring Lake, NJ | $38,282,352 | $9,016,811 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Golf Club Of Avon Inc Avon, CT | $12,352,994 | $6,540,190 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Smoke Rise Club Kinnelon, NJ | $2,441,144 | $4,889,227 |
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Pittsburgh Golf Club Pittsburgh, PA | $8,344,017 | $4,467,667 |