Overview
What is Indiana Golf Foundation Inc?
The Indiana Golf Foundation Inc, based in an undisclosed location, is a dedicated nonprofit organization that actively promotes the sport of golf. Their initiatives encompass conducting a prestigious hall of fame tournament, offering scholarships to promising junior golfers, funding research in the field of turf, and managing a comprehensive junior golf program, academy, and camp. This multifaceted approach aims to foster the growth and appreciation of golf among various age groups and contribute to the development of the sport.
Official website here: www.indianagolf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star Rating
The Indiana Golf Foundation Inc has received an overall score of 82%, translating to a Three-Star rating from Charity Navigator. This score indicates strong performance in Accountability & Finance, which is the sole measure used for this rating. The foundation's fiscal responsibility is underscored by the high scores across various financial metrics.
Key strengths include a fully independent board, with 18 members, ensuring impartial oversight. The organization demonstrates no material diversion of assets and maintains sound financial practices, such as having a robust liabilities to assets ratio of 0.00% and an impressive program expense ratio of over 80%. Additionally, the low fundraising efficiency ratio suggests that they keep fundraising costs minimal while maximizing the funds directed to their programs.
While the rating reflects strong organizational governance and financial health, the single beacon score means that other potential aspects of the foundation's performance, such as program outcomes or impact, are not assessed here. Overall, the Indiana Golf Foundation Inc appears to manage its resources effectively, but further evaluation of its programmatic effectiveness would provide a more comprehensive view of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Golf Foundation Inc legitimate?
Indiana Golf Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana 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: $585,339
For more financial information, click here
Official website here: www.indianagolf.org
What is the mission statement of Indiana Golf Foundation Inc?
The Indiana Golf Foundation, in its mission, strives to promote the game of golf. It achieves this by organizing a hall of fame tournament, offering scholarships to junior golfers, funding research related to turf maintenance, and overseeing various golf programs, academies, and camps for young golfers. The foundation serves to foster the growth and appreciation of golf, providing opportunities for both budding and experienced players.
Official website here: www.indianagolf.org
Who is the CEO of Indiana Golf Foundation Inc?
Michael David is the Executive Director of Indiana Golf Foundation Inc.
Official website here: www.indianagolf.org
What is the revenue of Indiana Golf Foundation Inc?
Indiana Golf Foundation Inc's revenue in 2022 was $2,571,095.
Official website here: www.indianagolf.org
Who are the executives of Indiana Golf Foundation Inc and what are their salaries?
There 25 volunteers at Indiana Golf Foundation Inc.
Here are 26 key members and their salaries:
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Official website here: www.indianagolf.org
Where can I find the form 990 for Indiana Golf Foundation Inc?
Indiana Golf Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianagolf.org
Learn more at the official website: www.indianagolf.org
Mission Statement of Indiana Golf Foundation Inc
Indiana Golf Foundation, a prominent organization, is dedicated to the promotion of the sport of golf. To achieve this mission, the foundation engages in several activities. Firstly, it administers a hall of fame tournament, an event that showcases the skill and talent of golfers. Secondly, the organization extends its support to budding golfers by offering junior scholarships, providing financial aid for those with a passion for the game. Thirdly, Indiana Golf Foundation funds research into turf, aiming to improve the quality of golf courses and ensure their longevity. Lastly, the foundation oversees and manages a junior golf program, academy, and camp, offering comprehensive training and development opportunities for young golfers. Through these initiatives, Indiana Golf Foundation is committed to fostering the growth and popularity of golf.
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Impact
October, 2024
The Indiana Golf Foundation Inc significantly impacts the sport of golf in the region by promoting participation and development at all levels. Through the administration of a hall of fame tournament, the foundation celebrates golfing excellence and heritage, inspiring both players and fans. By providing junior scholarships, it ensures that young talent has access to resources and opportunities, fostering the next generation of golfers.
Additionally, the foundation invests in turf research, contributing to the improvement and sustainability of golf courses, which benefits both players and the environment. Its junior golf program, academy, and camp are vital in nurturing youth interest and skill development in golf, creating a supportive community that encourages participation in this enriching sport. Overall, the foundation plays a crucial role in enhancing the golfing landscape in Indiana, making the sport more accessible and appealing to a broader audience.
This information is meant to be a general summary of Indiana 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.
- Investment Income: -$61,905
- Program Service Revenue: $433,534
- Gross Receipts: $2,868,607
Assets and Liabilities:
- Total Assets: $4,535,696
- Total Liabilities: $158,207
- Net Assets: $4,377,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT
Revenue
$280,391
PARTICIPANT FEES
Revenue
$89,658
MEMBERSHIPS
Revenue
$63,485
Organization Details
Founding Year
1993
Phone
(800) 779-7271Principal Officer
Michael David
Main Address
PO BOX 26159, INDIANAPOLIS, IN, 46226
Website
www.indianagolf.orgNTEE Category
Code: N6A - Recreation
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