Overview
What is Kentucky Golf Foundation Inc?
Kentucky Golf Foundation Inc is a nonprofit organization situated in Louisville, Kentucky, specifically at 1116 Elmore Just Drive. Their primary goal is to promote and advance the sport of golf within the state, offering life-changing opportunities to youth, military personnel, and diverse communities. They accomplish this mission through various programs, such as Youth Golf, which includes Youth on Course and the Kentucky PGA Junior Tour. Utilizing golf as a toolkit, the foundation aims to positively impact the lives of Kentucky's youth, military personnel, and diverse communities.
Official website here: www.kygolf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Kentucky Golf Foundation Inc has received a moderate rating of 73%, indicating some areas of strength and some significant weaknesses. The organization demonstrates a strong commitment to governance, with a fully independent board and no material diversions of assets. It also excels in financial management, boasting a high program expense ratio of 94.53%, which suggests that a large portion of its funds is directed towards its programs.
However, the foundation has notable gaps in its accountability and transparency practices. Missing policies such as a whistleblower policy and document retention and destruction measures, along with the absence of tax form postings on its website, detract from its overall score. These issues suggest that while the foundation is financially sound and well-governed, it could improve its accountability practices to build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Golf Foundation Inc legitimate?
Kentucky Golf Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Golf Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kygolf.org
What is the mission statement of Kentucky Golf Foundation Inc?
The Kentucky Golf Foundation Inc's mission is centered around impacting various groups within Kentucky, including youth, military personnel, and individuals of diversity. They achieve this goal by utilizing golf as a toolkit. Through programs like Youth Golf, including Youth on Course and the Kentucky PGA Junior Tour, the foundation aims to promote and advance the game of golf in Kentucky, providing life-changing opportunities to its participants. The organization's mission is carried out under the framework of golf, which is considered the greatest game ever played.
Official website here: www.kygolf.org
Who is the CEO of Kentucky Golf Foundation Inc?
Sally Morgan is the Director of Kentucky Golf Foundation Inc.
Official website here: www.kygolf.org
What is the revenue of Kentucky Golf Foundation Inc?
Kentucky Golf Foundation Inc's revenue in 2022 was $681,587.
Official website here: www.kygolf.org
Who are the executives of Kentucky Golf Foundation Inc and what are their salaries?
There 16 volunteers at Kentucky Golf Foundation Inc.
Here are 15 key members and their salaries:
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- Compensation: $2,640
- Related: $2,805
- Other: $0
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- Compensation: $1,485
- Related: $1,980
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- Related: $92,045
- Other: $4,653
- Compensation: $0
- Related: $91,835
- Other: $13,192
Official website here: www.kygolf.org
Where can I find the form 990 for Kentucky Golf Foundation Inc?
Kentucky Golf Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kygolf.org
Learn more at the official website: www.kygolf.org
Mission Statement of Kentucky Golf Foundation Inc
Kentucky Golf Foundation Inc, with a deep-rooted commitment to impacting the lives of Kentucky's youth, military, and diverse communities, employs golf as a powerful toolkit. Their mission, as expressed through the lens of the most beloved sport, is to positively influence these communities. By leveraging the game of golf, the foundation aims to provide life-changing opportunities for the youth, including through initiatives such as Youth Golf, encompassing Youth on Course and the Kentucky PGA Junior Tour. These programs serve to promote and advance golf in the state of Kentucky, thereby offering avenues for personal growth and development.
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Impact
July, 2024
Kentucky Golf Foundation Inc impacts Kentucky's youth, military, and those of diversity using golf as a toolkit. Through programs like youth golf, including Youth on Course and the Kentucky PGA Junior Tour, the organization promotes and advances the game of golf in Kentucky. By providing access to life-changing opportunities through golf, Kentucky Golf Foundation Inc is making a difference in the lives of individuals in Louisville, KY, and beyond.
This information is meant to be a general summary of Kentucky Golf Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $350,833
- Gross Receipts: $779,761
Assets and Liabilities:
- Total Assets: $1,408,607
- Total Liabilities: $74,792
- Net Assets: $1,333,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT SERVICES
Revenue
$295,493
BUILDING SUPPORT
Revenue
$43,200
HALL OF FAME
Revenue
$12,140
Organization Details
Founding Year
2002
Phone
(502) 243-8295Principal Officer
Sally Morgan
Main Address
1116 ELMORE JUST DRIVE, LOUISVILLE, KY, 40245
Website
www.kygolf.orgNTEE Category
Code: A50 - Arts
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