Overview
What is Minnesota Section Pga Foundation?
The Minnesota Section PGA Foundation, based in Coon Rapids, Minnesota, is a nonprofit organization dedicated to supporting junior golfers. Their mission involves providing financial assistance to deserving young individuals who embody integrity, honesty, respect, self-assurance, courtesy, and perseverance. They achieve this goal by operating junior golf tour events and honoring those who embody their core values with awards. The foundation's activities are carried out under the name PGA Reach Minnesota.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Minnesota Section PGA Foundation has received a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The overall score is based exclusively on the accountability metrics, indicating that the organization is well-managed and transparent in its operations.
Strengths of the foundation include a fully independent board of directors, with all members (100%) demonstrating a commitment to governance without conflicts of interest. Financially, the foundation has a solid program expense ratio of 89.16%, which suggests that a significant portion of its resources is directed towards its mission-driven programs rather than administrative costs.
Despite the positive ratings, the summary does not highlight any specific limitations or concerns regarding the foundation's operations or financial health. This implies that stakeholders can feel confident in the accountability and financial practices of the Minnesota Section PGA Foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Section Pga Foundation legitimate?
Minnesota Section Pga Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Section Pga 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Minnesota Section Pga Foundation?
The Minnesota Section PGA Foundation's mission is to support junior golfers and provide financial assistance for deserving recipients to attend college. This foundation upholds core values such as integrity, honesty, respect, self-assurance, courtesy, and perseverance. Junior golfers aged 18 or younger who embody these values are eligible for awards from the Minnesota Section PGA Foundation. The foundation supports junior golf through the operation of various junior tour golf events.
Who is the CEO of Minnesota Section Pga Foundation?
Jon Tollette is the President of Minnesota Section Pga Foundation. The CEO's salary of Minnesota Section Pga Foundation is $0 and their total compensation is $171,500.
What is the revenue of Minnesota Section Pga Foundation?
Minnesota Section Pga Foundation's revenue in 2022 was $2,019,852.
Who are the executives of Minnesota Section Pga Foundation and what are their salaries?
There 13 volunteers at Minnesota Section Pga Foundation.
Here are 13 key members and their salaries (Minnesota Section Pga Foundation's CEO's salary is $0 and their total compensation is $171,500):
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- Related: $148,034
- Other: $23,466
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- Related: $125,179
- Other: $34,371
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Minnesota Section Pga Foundation?
Minnesota Section Pga Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Section Pga Foundation
The Minnesota Section PGA Foundation is dedicated to supporting junior golfers and providing financial assistance for deserving recipients to attend college. This nonprofit organization upholds a set of core values, including integrity, honesty, respect, self-assurance, courtesy, and perseverance. The Minnesota Section PGA Foundation awards scholarships to juniors aged 18 or younger who embody these values. In addition to offering financial aid, the foundation supports junior golfers through the operation of junior tour golf events.
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Impact
July, 2024
The Minnesota Section PGA Foundation has a significant impact on junior golfers by providing financial assistance for worthy recipients to attend college. Through the operation of junior tour golf events, the foundation upholds core values such as integrity, honesty, respect, self-assurance, courtesy, and perseverance. By awarding juniors 18 or younger who embody these values, the foundation not only supports the development of young golfers but also promotes character-building qualities essential for success both on and off the golf course.
This information is meant to be a general summary of Minnesota Section Pga 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: $775,221
- Program Service Revenue: $837,494
- Gross Receipts: $3,522,602
Assets and Liabilities:
- Total Assets: $1,798,493
- Total Liabilities: $577,991
- Net Assets: $1,220,502
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT REVENUE
Revenue
$718,593
REIMBURSED EXPENSES
Revenue
$108,608
SPONSORSHIP REVENUE
Revenue
$8,500
EDUCATION AND MEETING INCOME
Revenue
$1,793
Organization Details
Founding Year
1996
Phone
(763) 754-0820Principal Officer
Jon Tollette
Main Address
12800 BUNKER PRAIRIE ROAD, COON RAPIDS, MN, 554481445
NTEE Category
Code: B82 - Education
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