Overview
What is South Florida Professional Golfers Association Charitable Foundation?
The South Florida Professional Golfers Association Charitable Foundation, located in West Palm Beach, Florida, is a dedicated nonprofit organization. Their primary mission is to promote and expand the game of golf, particularly among junior golfers. They achieve this objective through various initiatives such as education scholarships and golf instruction programs for local youth. The foundation has generously contributed to numerous charitable causes, ranging from health organizations to junior golf associations, all under the umbrella of golf. Furthermore, they conduct a junior tour for South Florida's youth, consisting of 25 golf tournaments. Overall, the South Florida Professional Golfers Association Charitable Foundation aims to nurture young golfers and contribute positively to their communities through charitable giving.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The South Florida Professional Golfers Association Charitable Foundation has received an 83% rating from Charity Navigator, indicative of a solid performance in the area of Accountability & Finance. This score reflects an emphasis on responsible financial management, highlighting the organization's commitment to transparency and effective use of funds.
Strengths of the foundation include a fully independent board, which ensures unbiased governance, and a high program expense ratio of 85.60%, suggesting that a significant portion of its resources is allocated towards its charitable missions. Additionally, the foundation demonstrates strong practices in conflict of interest policy, whistleblower policy, and proper documentation, all contributing to its high accountability score.
While the foundation shows strong financial health with a liabilities to assets ratio of 26.37%, there are no major limitations noted in the available data. Overall, the foundation appears to be a trustworthy organization with a focus on maintaining ethical standards and effective operations.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Professional Golfers Association Charitable Foundation legitimate?
South Florida Professional Golfers Association Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida Professional Golfers Association Charitable Foundation 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:
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What is the mission statement of South Florida Professional Golfers Association Charitable Foundation?
The South Florida Professional Golfers Association Charitable Foundation's mission is centered around promoting and expanding the game of golf. This is achieved through various initiatives, including supporting junior golf, providing scholarships, and engaging in charitable giving. The foundation's activities extend to offering educational scholarships and golf instruction programs for local juniors. Moreover, it contributes to numerous charitable causes, ranging from health organizations to junior golf associations, under the umbrella of golf. The foundation also manages a junior golf tour for the youth of South Florida, consisting of 25 tournaments.
Who is the CEO of South Florida Professional Golfers Association Charitable Foundation?
Geoff Lofstead is the President of South Florida Professional Golfers Association Charitable Foundation.
What is the revenue of South Florida Professional Golfers Association Charitable Foundation?
South Florida Professional Golfers Association Charitable Foundation's revenue in 2022 was $1,219,997.
Who are the executives of South Florida Professional Golfers Association Charitable Foundation and what are their salaries?
There 100 volunteers at South Florida Professional Golfers Association Charitable Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for South Florida Professional Golfers Association Charitable Foundation?
South Florida Professional Golfers Association Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Florida Professional Golfers Association Charitable Foundation
The South Florida Professional Golfers Association Charitable Foundation is committed to promoting and fostering the game of golf within the community. Through its mission, the organization seeks to accomplish this goal by focusing on three primary areas: junior golf, scholarships, and charitable giving.
The charity's work in junior golf aims to nurture the talents and passion of young golfers in South Florida. To achieve this, the foundation provides educational scholarships and golf instruction programs, fostering a love for the sport in the region's youth. Additionally, the foundation organizes a junior tour, featuring 25 tournaments, which offers young golfers an opportunity to showcase their skills and compete against their peers.
Beyond its involvement in junior golf, the foundation also makes charitable contributions to various causes, including health organizations and junior golf associations. These donations are all part of its broader commitment to giving back to the community, further enhancing the positive impact of golf on society.
In summary, the South Florida Professional Golfers Association Charitable Foundation is dedicated to promoting and growing the game of golf among juniors through scholarships and golf instruction programs, as well as making charitable contributions to various causes. By participating in its junior tour and benefiting from its scholarships, young golfers in South Florida are given the opportunity to develop their skills and contribute to the growth and success of the sport in the region.
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Impact
October, 2024
The South Florida Professional Golfers Association Charitable Foundation plays a significant role in promoting and growing the game of golf by focusing on youth engagement, educational support, and community contributions. It provides educational scholarships and golf instruction programs specifically designed for South Florida juniors, thereby fostering the development of young golfers and opening pathways for educational opportunities.
In addition to its educational initiatives, the Foundation contributes to various charitable causes, supporting health organizations and junior golf associations. This diverse impact underlines its commitment to not only enhancing the game of golf but also to addressing broader community needs.
The Foundation organizes a robust junior tour, offering 25 golf tournaments annually, which serves as a platform for youth to compete, develop their skills, and gain invaluable experience in the sport. Through these efforts, the Foundation is making a lasting impact on the growth of golf and the betterment of the South Florida community.
This information is meant to be a general summary of South Florida Professional Golfers Association Charitable Foundation. 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.
- Investment Income: $36,912
- Program Service Revenue: $744,379
- Gross Receipts: $1,352,107
Assets and Liabilities:
- Total Assets: $1,721,577
- Total Liabilities: $454,032
- Net Assets: $1,267,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT REVENUE
Revenue
$568,053
REIMBURSED EXPENSES
Revenue
$68,351
SPONSORSHIP REVENUE
Revenue
$68,331
MISCELLANEOUS REVENUE
Revenue
$22,500
MANAGEMENT FEE REVENUE
Revenue
$17,144
Organization Details
Founding Year
2002
Phone
(561) 729-0544Principal Officer
Geoff Lofstead
Main Address
7201 GEORGIA AVE, WEST PALM BEACH, FL, 33405
NTEE Category
Code: T20 - Philanthropy
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