Piney Woods Golf Youth And Development Foundation
- Assets
- $482.6k
- Revenue
- $271.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Longview, TX
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 86-1122438
Organization Overview
Piney Woods Golf Youth And Development Foundation is located in Longview, TX. The organization was established in 2005. 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, Piney Woods Golf Youth And Development Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piney Woods Golf Youth And Development 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, Piney Woods Golf Youth And Development Foundation generated $271.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $177.1k during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE FIRST TEE OF THE PINEY WOODS WAS STARTED IN 2005. THE ORGANIZATION'S PRINCIPAL ACTIVITY IS TO INSTRUCT AREA YOUTH IN THE PRINCIPLES, ETHICS, AND SKILLS OF GOLF AND TO DEVELOP LIFE SKILLS. THE GOAL IS TO GIVE YOUNG PEOPLE FROM ALL BACKGROUNDS THE OPPORTUNITY TO DEVELOP, THROUGH GOLF AND CHARACTER EDUCATION, A SET OF NINE CORE VALUES: HONESTY, INTEGRITY, SPORTSMANSHIP, RESPECT, COURTESY, JUDGEMENT, CONFIDENCE, RESPONSIBLILITY, AND PERSEVERANCE. THE COST OF THE PROGRAMS IS KEPT LOW FOR THE YOUNGSTERS AND FUNDING IS REQUIRED TO MAKE THE PROGRAMS WORK. NO YOUNGSTER IS TURNED AWAY DUE TO FINANCIAL REASONS AND THEIR FEES ARE PAID BY SCHOLARSHIP IF THEY QUALIFY. THE ORGANIZATION RECEIVES CORPORATE AND PERSONAL CONTRIBUTIONS, AND GRANTS FROM THE NATIONAL FIRST TEE (WORLD GOLF FOUNDATION, INC.), PGA OF AMERICA, AND THE LPGA FOUNDATION.THE GOLF PROFESSIONALS ATTEND A LIFE SKILL TRAINING SESSION IN ORDER TO TEACH THE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST TEE CLINICS WERE CONDUCTED DURING THE SUMMER, AND FALL OF 2021. THE CLINICS WERE USUALLY CONDUCTED ONE DAY A WEEK, FOR A SIX WEEK PERIOD. EACH SESSION RAN FOR TWO OR THREE HOURS. THE YOUNGSTERS WERE GIVEN ADDITIONAL PRACTICE AND PLAYTIME TO WORK ON THEIR GOLF. EACH SESSION INCLUDED A LIFE SKILL EUCATIION PORTION IN THE CLINIC. AT THE END OF THESE PROGRAMS THE YOUNGSTERS WERE TESTED FOR WHAT THEY HAD LEARNED. A TOTAL OF 521 CHILDREN PARTICIPATED IN THESE CLINICS. OTHER PROGRAMS AND CLINICS WERE CONDUCTED AT VARIOUS LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Pace Director | Trustee | 5 | $23,112 |
Lucero Harris Former Exec Dir | OfficerTrustee | 20 | $15,706 |
Mike Williams Director | Trustee | 5 | $5,421 |
Darren Williams Director | Trustee | 1 | $0 |
Robert Hamilton President | OfficerTrustee | 1 | $0 |
Chuck Hill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,245 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,635 |
| Total Program Service Revenue | $44,035 |
| Investment income | $2,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,070 |
| Net Income from Fundraising Events | -$22,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| 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. | $44,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,914 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,125 |
| Travel | $3,272 |
| 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 | $180 |
| Insurance | $4,874 |
| All other expenses | $12,146 |
| Total functional expenses | $177,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,894 |
| Savings and temporary cash investments | $357,688 |
| 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 | $1 |
| Total assets | $482,583 |
| Accounts payable and accrued expenses | $1,355 |
| 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 | $1,355 |
| Net assets without donor restrictions | $481,228 |
| 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 | $482,583 |