Tennessee Golf Foundation
615-790-7600 ext. 330
Golf House Tennessee 400 Franklin Road
Franklin, TN 37069
Franklin, TN 37069
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$2,600,000.00
Projected Expenses
$3,300,600.00
Organizational Budgets and Other Documents
| TGF Budget 2023 | 2023 |
| Tn Golf Foundation General Budget _ 2021 | 2021 |
| Tn Golf Foundation Budget | 2020 |
| tennessee golf foundation 2007 budget | 2007 |
| tennessee golf foundation 2006 budget | 2006 |
IRS Letter of Exemption
| tennessee golf foundation irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $6,498,793.00 | $7,116,069.00 | |
| Total Expenses | $6,820,456.00 | $6,775,507.00 | |
| Revenue Less Expenses | ($-0.00) | ($321,663.00) | $340,562.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $417,875.00 | |
| Contributions, Gifts, and Grants | $1,824,696.00 | $1,050,373.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $4,060,559.00 | $4,549,637.00 | |
| Investment Income, Net of Losses | $342,947.00 | $791,406.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $260,910.00 | $199,434.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $9,681.00 | $107,344.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,147,646.00 | $5,329,636.00 | |
| Administration Expense | $1,126,817.00 | $1,112,760.00 | |
| Fundraising Expense | $546,083.00 | $333,111.00 | |
| Total Revenue/Total Expenses | 95% | 105% | |
| Program Expense/Total Expenses | 75% | 79% | |
| Fundraising Expense/Contributed Revenue | 8% | 5% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $4,060,559.00 | Program Revenue $4,549,637.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,824,696.00 | Contributions, Gifts, and Grants $1,050,373.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $342,947.00 | Investment Income $791,406.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $21,930,121.00 | $24,594,928.00 | |
| Current Assets | $940,851.00 | $873,148.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $3,192,629.00 | $3,622,209.00 | |
| Total Net Assets | $18,737,492.00 | $20,972,719.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$16,066,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
| TGF 990 Public 2022 | 2022 |
| TGF Form 990 2021 | 2021 |
| TGF 2020 990 Public | 2020 |
| TGF 990 Public 2019 | 2019 |
| Tn Golf Foundation 2018 990 | 2018 |
| Tennessee Golf Foundation 2017 990 | 2017 |
| Tennessee Golf Foundation 2016 990 | 2016 |
| Tennessee Golf Foundation 2015 990 | 2015 |
| Form 990 | 2014 |
| Form 990 | 2013 |
| Form 990 | 2012 |
| Form 990 | 2011 |
| Form 990 | 2010 |
| Form 990 | 2009 |
| Form 990 | 2008 |
| tennessee golf foundation 2007 990 | 2007 |
| tennessee golf foundation 2006 990 | 2006 |
| tennessee golf foundation 2005 990 | 2005 |
| tennessee golf foundation 2004 990 | 2004 |
Audit Documents
CEO/Executive Director/Board Comments
| In 2022 the Tennessee Golf Foundation Board of Directors approved the change in its mission to include Veterans since a large part of our programming includes golf initiatives for Veterans. The mission now reads: "To promote golf and its life-enhancing values, with an emphasis on teaching youth, our veterans, and the disadvantaged." |
Foundation Staff Comments
| Financial figures taken from the 990. Foundation and corporate grants may be included in Individual Contribution sum, as these amounts are not separated in Form 990. 990 completed by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 3/13/24. |
