Utah Golf Association Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Salt Lake City, UT
- Founding
- 11/1970
- Data as of
- 10/2023
- EIN
- 87-0271572
Organization Overview
Utah Golf Association Inc is located in Salt Lake City, UT. The organization was established in 1970. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Utah Golf Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Golf Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Utah Golf Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.8m during the year ending 10/2023. While expenses have increased by 5.1% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UTAH GOLF ASSOCIATION'S MISSION IS TO PROMOTE AMATEUR GOLF THROUGHOUT THE STATE OF UTAH FOR ADULTS AND TEENS. IT COMPUTES HANDICAPS FOR APPROXIMATELY 30,000 MEMBER IN ORDER FOR THEM TO COMPETE ON AN EQUAL BASIS IN TOURNAMENTS. IT SPONSORS AMATEUR TOURAMENTS THROUGHTOUT THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES GOLF HANDICAPPING SERVICES AND COMPETITION THROUGHOUT THE STATE OF UTAH. ALSO RUNS TOURNAMENTS ON BEHALF OF THE USGA. THE COMPUTATION OF MEMBER HANDICAPS HELPS TO LEVEL THE PLAYING FIELD FOR MEMBERS WHEN COMETING IN AMATEUR TOURNAMENTS IN-STATE, NATIONWIDE AND THROUGHOUT THE WORLD. DURING THE YEAR WE RUN 39 EVENTS, HOSTED TRAVELING TEAMS REPRESENT UTAH, AND FOUR INTERSTATE COMPETITIONS. WE SERVICED 31,392 ADULTS AND 5,278 JUNIOR MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Easton Folster Executive Dir. | OfficerTrustee | 40 | $94,664 |
Mike Bailey President | Trustee | 10 | $0 |
Mark Jensen Vice President | Trustee | 10 | $0 |
Brian Hulse Ex-Officio | Trustee | 10 | $0 |
Tina Mathieu Secretary | Trustee | 10 | $0 |
Marc Hardy Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,295,808 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,295,808 |
| Total Program Service Revenue | $782,354 |
| Investment income | $9,603 |
| 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 | $2,087,765 |
| 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. | $94,664 |
| Compensation of current officers, directors, key employees. | $69,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $251,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,553 |
| 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 | $10,579 |
| Insurance | $0 |
| All other expenses | $68,073 |
| Total functional expenses | $1,774,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $774,961 |
| Savings and temporary cash investments | $993,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,630 |
| 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 | $46,061 |
| Net Land, buildings, and equipment | $16,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,044 |
| Total assets | $2,098,085 |
| Accounts payable and accrued expenses | $207,437 |
| 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 | $151,105 |
| Total liabilities | $358,542 |
| Net assets without donor restrictions | $1,739,543 |
| 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 | $2,098,085 |