Overview
What is Tennessee Golf Foundation?
The Tennessee Golf Foundation, located at 400 Franklin Road, Franklin, TN 37069, is a nonprofit organization dedicated to promoting golf and its beneficial values. With a focus on education, they prioritize teaching golf to youth, veterans, and disadvantaged individuals. In 2022, they initiated the operation of the Simmons Bank Open Tournament, a Korn Ferry Tour event. This tournament, serving as "The Path to the PGA Tour," aims to identify and develop players ready to compete and win. The Simmons Bank Open was a 7-day event with 388 participants.
Official website here: www.tngolf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating from Charity Navigator.
The Tennessee Golf Foundation has received an impressive score of 88%, reflecting its strong commitment to accountability and finance. The charity's score is solely based on its accountability metrics, where it excelled in multiple areas such as having a fully independent board and maintaining accurate financial statements through audits. These factors contribute to a solid foundation of trustworthiness and transparency.
The organization boasts a 74.66% program expense ratio, indicating that a significant portion of its funds is directed towards its programs and mission-related activities. Additionally, the foundation adheres to best practices by having conflict of interest and whistleblower policies in place, although it is noted that the whistleblower policy is currently missing, which could be a point for improvement.
Overall, while the Tennessee Golf Foundation demonstrates strong accountability practices and effective use of resources, enhancing its governance policies could further bolster its reputation and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Tennessee Golf Foundation legitimate?
Tennessee Golf Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Golf 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: $272,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,456,699
For more financial information, click here
Official website here: www.tngolf.org
What is the mission statement of Tennessee Golf Foundation?
The Tennessee Golf Foundation aims to promote golf and its beneficial impacts, with a particular focus on educating youth, veterans, and disadvantaged individuals. Their mission is to emphasize the life-enhancing qualities of golf and foster its growth. The organization works tirelessly to contribute to the development of golf, utilizing various initiatives and events. In 2022, the foundation began operating the Simmons Bank Open Tournament, a Korn Ferry Tour event, which serves as a platform for identifying and nurturing golfers preparing for competition at the PGA Tour level.
Official website here: www.tngolf.org
Who is the CEO of Tennessee Golf Foundation?
Whitney Turnbow is the President of Tennessee Golf Foundation.
Official website here: www.tngolf.org
What is the revenue of Tennessee Golf Foundation?
Tennessee Golf Foundation's revenue in 2022 was $6,498,793.
Official website here: www.tngolf.org
Who are the executives of Tennessee Golf Foundation and what are their salaries?
There 89 volunteers at Tennessee Golf Foundation.
Here are 14 key members and their salaries:
- Compensation: $251,704
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- Other: $20,322
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- Other: $1,398
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Official website here: www.tngolf.org
Where can I find the form 990 for Tennessee Golf Foundation?
Tennessee Golf Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tngolf.org
Learn more at the official website: www.tngolf.org
Mission Statement of Tennessee Golf Foundation
The Tennessee Golf Foundation, as its mission statement suggests, is dedicated to promoting golf and its life-enhancing values, with a particular emphasis on educating the youth, veterans, and disadvantaged individuals. This nonprofit organization seeks to leverage the transformative power of golf to make a positive impact on various segments of society. By emphasizing teaching and development, the Tennessee Golf Foundation aims to foster a love for the sport and equip individuals with valuable life skills.
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Impact
July, 2024
The Tennessee Golf Foundation has a significant impact on promoting the values of golf to youth, veterans, and the disadvantaged. This is exemplified by their operation of the Simmons Bank Open tournament in 2022, a Korn Ferry Tour event that serves as a pathway for developing players ready to compete and win on the PGA Tour. Through initiatives like this, the Tennessee Golf Foundation is actively contributing to the growth and accessibility of golf while positively impacting the lives of individuals from diverse backgrounds.
This information is meant to be a general summary of Tennessee Golf 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: $341,699
- Program Service Revenue: $4,002,300
- Gross Receipts: $7,619,654
Assets and Liabilities:
- Total Assets: $21,930,121
- Total Liabilities: $3,192,629
- Net Assets: $18,737,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SIMMONS BANK OPEN
Revenue
$1,114,316
JUNIOR GOLF TOUR
Revenue
$1,019,440
LITTLE COURSE
Revenue
$719,862
REGIONAL EVENTS
Revenue
$662,742
FIRST TEE/GOLF MGMT
Revenue
$404,021
Organization Details
Founding Year
1990
Phone
(615) 790-7600Principal Officer
Whitney Turnbow
Main Address
400 FRANKLIN ROAD, FRANKLIN, TN, 37069
Website
www.tngolf.orgNTEE Category
Code: A50Z - Arts
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