Friends Of Golf Inc
- Assets
- $898.9k
- Revenue
- $197.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 95-3668541
Organization Overview
Friends Of Golf Inc is located in Los Angeles, CA. The organization was established in 1981. 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. Friends Of Golf Inc 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 06/2022, Friends Of Golf Inc generated $197.7k 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 (38.9%) each year. All expenses for the organization totaled $415.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Friends Of Golf Inc has awarded 21 individual grants totaling $440,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE MONEY FOR ORGANIZATIONS(PRIMARILY COLLEGES AND UNIVERSITIES) TO ASSIST THEM IN THE ESTABLISHMENT AND/OR MAINTENANCE OF GOLF PROGRAMS OR TO PROVIDE SCHOLARSHIPS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO UNIVERSITIES FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.
PAYMENTS TO HIGH SCHOOLS FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.
PAYMENTS TO OTHER ORGANIZATIONS FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Anderson Director | Trustee | 0 | $0 |
Kevin G Boylan Director | Trustee | 0 | $0 |
Sal Cimbolo CEO | OfficerTrustee | 18 | $0 |
William Coffin Director | Trustee | 0 | $0 |
Richard P Crane Jr Director | Trustee | 0 | $0 |
Ian He Crockett Director | Trustee | 2 | $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 | $279,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,045 |
| Total Program Service Revenue | $0 |
| Investment income | $43,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$124,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $356,700 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,214 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,420 |
| Office expenses | $18,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,625 |
| All other expenses | $0 |
| Total functional expenses | $415,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,783 |
| Savings and temporary cash investments | $0 |
| 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 | $755,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $898,853 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $898,853 |
| 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 | $898,853 |
Grants Awarded
Over the last fiscal year, Friends Of Golf Inc has awarded $307,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CIF LOS ANGELES CITY SECTION PURPOSE: PAYMENTS TO HIGH SCHOOLS FOR SUPPORT OF GOLF PROGRAMS. | $30,000 |
CIF SOUTHERN SECTION PURPOSE: PAYMENTS TO HIGH SCHOOLS FOR SUPPORT OF GOLF PROGRAMS. | $47,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: PAYMENTS TO OTHER ORGANIZATIONS FOR SUPPORT OF GOLF PROGRAMS. | $20,000 |
GOLF COACHES ASSOCIATION (HOGAN AWARD) PURPOSE: PAYMENTS TO OTHER ORGANIZATIONS FOR SUPPORT OF GOLF PROGRAMS. | $10,000 |
MOUNT ST JOSEPH'S HIGH SCHOOL PURPOSE: PAYMENTS TO HIGH SCHOOLS FOR SUPPORT OF GOLF PROGRAMS. | $6,000 |
PEPPERDINE UNIVERSITY PURPOSE: PAYMENTS TO UNIVERSITIES FOR SUPPORT OF GOLF PROGRAMS. | $25,100 |