Civic Intelligence

First Tee New York Inc

990 • Fiscal year 2018 • EIN 31-1724122

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

3545 Jerome AvenueBronx, NY 10467

(718) 655-9164

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.23x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.19x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

63rd percentile

7.8%

Higher net margin than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$331,607

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$4,202,055

No earlier filing loaded for comparison.

Net Assets

$3,246,738

No earlier filing loaded for comparison.

Liabilities

$955,317

No earlier filing loaded for comparison.

Revenue

$5,130,837

No earlier filing loaded for comparison.

Expenses

$4,728,602

No earlier filing loaded for comparison.

Net Income

$402,235

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2018: $4,202,055Liabilities 2018: $955,317Net Assets 2018: $3,246,7382018Assets 2019: $5,088,035Liabilities 2019: $1,140,289Net Assets 2019: $3,947,7462019Assets 2020: $5,039,425Liabilities 2020: $993,913Net Assets 2020: $4,045,5122020Assets 2021: $7,549,038Liabilities 2021: $1,054,945Net Assets 2021: $6,494,0932021Assets 2022: $7,770,980Liabilities 2022: $1,176,394Net Assets 2022: $6,594,5862022Assets 2023: $9,401,416Liabilities 2023: $1,115,253Net Assets 2023: $8,286,1632023Assets 2024: $9,806,383Liabilities 2024: $908,435Net Assets 2024: $8,897,9482024

Highlighted filing

2018

Assets$4,202,055
Liabilities$955,317
Net Assets$3,246,738

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $5,130,837Expenses 2018: $4,728,602Net Income 2018: $402,2352018Revenue 2019: $5,443,697Expenses 2019: $4,766,016Net Income 2019: $677,6812019Revenue 2020: $3,750,324Expenses 2020: $3,557,578Net Income 2020: $192,7462020Revenue 2021: $6,113,567Expenses 2021: $3,629,574Net Income 2021: $2,483,9932021Revenue 2022: $3,982,602Expenses 2022: $3,878,863Net Income 2022: $103,7392022Revenue 2023: $6,029,944Expenses 2023: $4,339,569Net Income 2023: $1,690,3752023Revenue 2024: $5,594,476Expenses 2024: $4,984,210Net Income 2024: $610,2662024

Highlighted filing

2018

Revenue$5,130,837
Expenses$4,728,602
Net Income$402,235
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$5,216,658
Mission and Program Overview

Mission

To teach children the game of golf and, at the same time, instill in them the "life skills" values unique to golf, such as honor, integrity, and good sportsmanship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$837,283$1,661,318▲ $824,035
Savings and Temporary Cash Investments$1,715,524$1,418,615▼ $296,909
Land, Buildings, and Equipment, Net$278,863$581,127▲ $302,264
Accounts Receivable$384,044$432,371▲ $48,327
Investments in Publicly Traded Securities$125,753--
Cash and Non-Interest-Bearing Accounts$8,711$31,308▲ $22,597
Prepaid Expenses and Deferred Charges$38,022$21,401▼ $16,621
Inventories for Sale or Use-$7,405-
Total Assets$3,420,700$4,202,055▲ $781,355
Other Assets Total$32,500$48,510▲ $16,010
Liabilities
Accounts Payable and Accrued Expenses$193,432$380,334▲ $186,902
Mortgage Notes Payable Secured by Investment Property$325,825$275,825▼ $50,000
Grants Payable-$245,000-
Other Liabilities$24,550$54,158▲ $29,608
Total Liabilities$543,807$955,317▲ $411,510
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,420,804$2,429,972▲ $1,009,168
Unrestricted Net Assets$1,456,089$816,766▼ $639,323
Total Net Assets Fund Balance$2,876,893$3,246,738▲ $369,845
Total Liabilities and Net Assets / Fund Balance$3,420,700$4,202,055▲ $781,355

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$140,123$912,841$1,052,964
Buildings$439,636$146,129$585,765
Leasehold Improvements$1,368$38,951$40,319

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,420,804$1,303,722-$294,554$2,429,972
2017$1,128,474$513,455-$221,125$1,420,804
2016$885,588$402,123-$159,537$1,128,174
2015$738,131$248,942-$101,485$885,588
2014$909,220$231,641-$402,730$738,131
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Ed BrocknerExecutive Director$146,636$30,848$177,484

Board Members and Trustees

NameTitle
Kenneth WhitneyChairman of the Board
Anthony MalloyDirector
Carl AlexanderDirector
Cynthia HowardDirector
Gene BernsteinDirector
Gretchen ClaytonDirector
Jeff VoorheisDirector
Jeffrey HolzschuhDirector
Kevin RyanDirector
Len WilfDirector
Mark ManoffDirector
Matthew CasnerDirector
Michael RobichaudDirector
Michael RudinDirector
Nicole CoatesDirector
Paul ZoidisDirector
Seth DruckerDirector
Tod PikeDirector
Valerie Wong FountainDirector
Will FoggDirector
Jay MottolaSecretary
Jessica E Betts-dreyfussTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,322,372
Program Service Revenue
$710,851
Investment Income
$46,124
Other Revenue
$1,051,490
All Other Contributions
$3,265,722
Change in Net Assets
$402,235

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,130,837
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-32,390
Total Revenue per Audited Statements
$5,098,447
Total Revenue per Form 990
$5,130,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,433,850
Salaries, Compensation, and Employee Benefits$1,864,973
Total Fundraising Expense$791,487
Grants and Similar Amounts Paid$429,779
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,038,045$159,046$126,796$1,323,887
Other Employee Benefits$206,754$119,435$37,413$363,602
Occupancy$213,292$66,580$31,500$311,372
Grants to Domestic Individuals$279,779--$279,779
Office Expenses$156,514$84,853$24,260$265,627
Conferences and Meetings$46,083$12,060$151,285$209,428
Fees for Services Other$34,030$29,688$139,695$203,413
Current Officers, Directors, Trustees, and Key Employees$133,325$26,598$17,561$177,484
Grants to Domestic Orgs$150,000--$150,000
Advertising$77,699-$37,148$114,847
Depreciation Depletion$38,557$72,365-$110,922
Travel$75,733$11,879$16,574$104,186
Insurance$74,169$26,745$3,057$103,971
All Other Expenses$33,562--$33,562
Other Expenses$26,448$16,665$199,509$26,448
Fees for Services Accounting-$18,059-$18,059
Interest-$4,650-$4,650
Total Functional Expenses$3,288,492$648,623$791,487$4,728,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,728,602
Total Expenses per Audited Statements$4,728,602
Total Expenses per Form 990$4,728,602
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Partnership With ChildrenNew York, NY501(c)(3)General Support$50,000
City Park FoundationNew York, NY501(c)(3)General Support$25,000
HARLEM CHILDREN'S ZONENew York, NY501(c)(3)General Support$25,000
Harlem Village AcademyNew York, NY501(c)(3)General Support$25,000
New Alternatives for ChildrenNew York, NY501(c)(3)General Support$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$215,435
Fundraising Direct Expenses$85,821
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$272,085$215,435$1,855$213,580
Total Events$272,085$215,435$85,821$129,614
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenue$44,800
Capital Lease Obligation$9,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The first tee new york, inc. ("ftmny") was incorporated as a membership organization.

Form 990, Part VI, Section A, Line 7A

Prospective members are nominated and voted on by full board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed by the secretary and treasurer prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

All board members are expected to submit a report of their activities to the executive director prior to committee assignments.

Form 990, Part VI, Section B, Line 15

15a. Executive director's compensation review is done by the board's secretary and he/she makes suggestions on salary request. 15b. The executive director conducts annual review at the end of tax year when determining compensation packages.

Form 990, Part VI, Section C, Line 19

Ftmny makes it governing body, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Tee New York Inc
EIN
31-1724122
Phone
7186559164
Address
3545 JEROME AVENUE, BRONX, NY 10467
Doing Business As
First Tee of Metropolitan New York Inc

Signing Officer

Name
Jessica E Betts-dreyfuss
Title
Treasurer
Phone
7186559164
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica E Betts-dreyfuss
Formed
2000
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
47
Volunteers
220

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

First tee new york, inc. (d/b/a first tee of metropolitan new york, inc.) ("ftmny") is a not-for-profit youth development organization incorporated in march 2000 under the laws of the state of new york. Ftmny was formed by the metropolitan golf association foundation, inc. ("mgaf") and the metropolitan pga junior golf association, inc. ("mpga") and is a chapter of the first tee, a division of the world golf foundation, inc. Ftmny operates six facilities located in the metropolitan area of new york city, which includes two in the five boroughs, long island, two in central new jersey and fairfield county, connecticut. Ftmny was formed to teach children life skills values including honesty, integrity, and confidence through the game of golf. Thus, in addition to learning to love and play a game for a lifetime, the youngsters will learn personal fulfillment of pride, self-esteem and self discipline that will positively impact their lives. During 2012, first tee new york, inc. Created a new business unit "education" to provide additional learning services to the youth of our chapter. This unit focuses on providing retention programming designed for teenage participants. The unit includes the following services: educational workshops, sat preparation, basic tutoring classes and other college preparatory programs. These services are delivered by industry professionals and is offered at all of our first tee locations.

Financial Statement Notes

PART V, LINE 4:

The temporary restricted funds are for the use of scholarships.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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