Overview
What is Southern Texas Professional Golfers Association Foundation?
The Southern Texas Professional Golfers Association Foundation is a nonprofit organization situated in Spring, Texas. Their mission is to introduce and provide ample opportunities for youth in South Texas to engage with golf, enhance their skills as players, and develop as individuals. They focus on instructional programs, emphasizing golf rules, etiquette, and fundamentals. Apart from golf education, the foundation awards scholarships annually to deserving candidates demonstrating exceptional academic achievement and financial need, aiming to promote higher education goals. Since its inception in 1999, the Southern Texas PGA Foundation has granted over 370 scholarships worth over $982,000.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75%, Three-Star out of Four Star rating.
The Southern Texas Professional Golfers Association Foundation has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The rating is based entirely on the Accountability & Finance metric, which reflects the organization’s commitment to transparency and responsible management of its resources for the fiscal year 2022.
The foundation exhibits strong governance practices, with 100% independent board members and a comprehensive conflict of interest policy in place. Additionally, the organization demonstrates fiscal responsibility with a favorable liabilities to assets ratio of 46.08% and a high program expense ratio of 83.94%, indicating that a significant portion of funds is directed towards its core programs.
While the foundation shows strength in financial management and governance, the overall rating suggests there is room for further improvement in areas that could enhance its overall impact and outreach efforts. However, the solid foundation in accountability reflects positively on its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Texas Professional Golfers Association Foundation legitimate?
Southern Texas Professional Golfers Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Texas Professional Golfers Association 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.
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What is the mission statement of Southern Texas Professional Golfers Association Foundation?
The Southern Texas Professional Golfers Association Foundation's mission is centered around introducing and providing broad opportunities for youth in Texas to engage with golf. The goal is to not only enhance their golfing skills but also foster personal development. Scholarship benefits are promoted for eligible candidates in large numbers. The foundation upholds a high degree of professionalism to inspire young individuals to strive for integrity, honor, and noble ideals.
Who is the CEO of Southern Texas Professional Golfers Association Foundation?
Thomas Hutton is the Honorary President of Southern Texas Professional Golfers Association Foundation.
What is the revenue of Southern Texas Professional Golfers Association Foundation?
Southern Texas Professional Golfers Association Foundation's revenue in 2022 was $3,657,898.
Who are the executives of Southern Texas Professional Golfers Association Foundation and what are their salaries?
There 25 volunteers at Southern Texas Professional Golfers Association Foundation.
Here are 14 key members and their salaries:
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- Related: $190,211
- Other: $33,737
Where can I find the form 990 for Southern Texas Professional Golfers Association Foundation?
Southern Texas Professional Golfers Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Texas Professional Golfers Association Foundation
The Southern Texas Professional Golfers Association Foundation is committed to introducing and providing a wide range of opportunities for youth in the southern Texas region to engage with the game of golf. The organization aims to foster the development of their talents as players and as individuals, promoting scholarship benefits to as many eligible candidates as possible. To achieve this mission, the foundation maintains a high degree of professionalism, inspiring young men and women to strive for personal integrity, honor, and ideals. The ultimate goal is to motivate these individuals to reach their full potential, both on and off the golf course.
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Impact
July, 2024
The Southern Texas Professional Golfers Association Foundation's impact is significant in providing youth in South Texas with broad opportunities to experience the game of golf, develop their talent as players, and grow as individuals. Through their various youth golf programs, including tournaments and clinics focused on golf fundamentals, rules, and etiquette, the foundation helps nurture a love for the sport and instill essential values like personal integrity and honor.
Moreover, the foundation's commitment to promoting scholarship benefits has had a lasting impact on many qualified candidates. Since 1999, they have awarded over 370 scholarships valued at more than $982,000, supporting youth who have excelled academically and demonstrated financial need in pursuing their higher education goals. This investment in the future of young men and women not only helps them achieve academic success but also reinforces the values of professionalism and dedication. Through their consistent efforts, the Southern Texas PGA Foundation continues to make a meaningful difference in the lives of youth in the region.
This information is meant to be a general summary of Southern Texas Professional Golfers Association 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: $1,173
- Program Service Revenue: $3,225,437
- Gross Receipts: $3,693,295
Assets and Liabilities:
- Total Assets: $1,720,901
- Total Liabilities: $793,097
- Net Assets: $927,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT REVENUE
Revenue
$2,856,830
SPONSORSHIP REVENUE
Revenue
$193,560
REIMBURSED EXPENSES
Revenue
$174,627
MISCELLANEOUS REVENUE
Revenue
$420
Organization Details
Founding Year
1994
Phone
(832) 442-2404Principal Officer
Thomas Hutton
Main Address
22305 GOSLING ROAD, SPRING, TX, 77389
NTEE Category
Code: N6A - Recreation
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