Civic Intelligence

The Faldo Trust for Tomorrow'S Champions

EIN 46-2793921 • 501(c)3 • Orlando, FL

Profile

The mission of the faldo trust for tomorrow's champions foundation is to fund the faldo series, a program to establish, support, encourage, promote, organize and operate golf tournaments, golf development programs and ancillary facilities and activites for the benefit and welfare of young golfers in the united states.

5850 Tg Lee Blvd Ste 435Orlando, FL 32822

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.44x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.29x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

46th percentile

2.6%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$25,283

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

96th percentile

166%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

285%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$124,120

Up $77,539 (+166%) from 2019

Liabilities

Up

$179,334

Up $61,930 (+53%) from 2019

Net Assets

Up

-$55,214

Up $15,609 (+22%) from 2019

Operations
Liabilities / Revenue82nd percentileNet Margin46th percentile

Revenue

Up

$612,056

Up $453,043 (+285%) from 2019

Expenses

Up

$596,447

Up $358,257 (+150%) from 2019

Net Income

Up

$15,609

Up $94,786 (+120%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100KAssets 2015: $1,650Liabilities 2015: $0Net Assets 2015: $1,6502015Assets 2016: $2,554Liabilities 2016: $0Net Assets 2016: $2,5542016Assets 2017: $784Liabilities 2017: $0Net Assets 2017: $7842017Assets 2018: $100,074Liabilities 2018: $91,720Net Assets 2018: $8,3542018Assets 2019: $46,581Liabilities 2019: $117,404Net Assets 2019: -$70,8232019Assets 2020: $124,120Liabilities 2020: $179,334Net Assets 2020: -$55,2142020

Highlighted filing

2020

Assets$124,120
Liabilities$179,334
Net Assets-$55,214
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $55,108Expenses 2015: $53,458Net Income 2015: $1,6502015Revenue 2016: $75,000Expenses 2016: $74,096Net Income 2016: $9042016Revenue 2017: $111,500Expenses 2017: $113,270Net Income 2017: -$1,7702017Revenue 2018: $144,848Expenses 2018: $137,278Net Income 2018: $7,5702018Revenue 2019: $159,013Expenses 2019: $238,190Net Income 2019: -$79,1772019Revenue 2020: $612,056Expenses 2020: $596,447Net Income 2020: $15,6092020

Highlighted filing

2020

Revenue$612,056
Expenses$596,447
Net Income$15,609
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,120
Liabilities
$179,334
Net assets
-$55,214
Revenue
$612,056
Expenses
$596,447
Net income
$15,609
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.24$1.79$0.55$6.12$5.96$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.47$1.17$0.71$1.59$2.38$0.79
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.92$0.08$1.45$1.37$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$1.12$1.13$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.75$0.74$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.55$0.53$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$612,056
Mission and Program Overview

Mission

The mission of the faldo trust for tomorrow's champions foundation is to fund the faldo series, a program to establish, support, encourage, promote, organize and operate golf tournaments, golf development programs and ancillary facilities and activites for the benefit and welfare of young golfers in the united states.

The mission of the faldo trust is to fund the faldo series.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$117,404$179,334▲ $61,930
Cash and Non-Interest-Bearing Accounts$46,581$124,120▲ $77,539
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$46,581$124,120▲ $77,539
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$117,404$179,334▲ $61,930
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-70,823$-55,214▲ $15,609
Total Net Assets Fund Balance$-70,823$-55,214▲ $15,609
Total Liabilities and Net Assets / Fund Balance$46,581$124,120▲ $77,539
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew FaldoVice PresidentPT$25,283$25,283

Board Members and Trustees

NameTitle
Nick FaldoPresident
David H Trevett EsqDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$612,056
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$612,056
Change in Net Assets
$15,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$571,164
Salaries, Compensation, and Employee Benefits$25,283
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$476,078--$476,078
Other Salaries and Wages-$25,283-$25,283
Fees for Services Accounting-$3,025-$3,025
Fees for Services Legal-$1,004-$1,004
Office Expenses$219$322-$541
Other Expenses$300$885-$300
Total Functional Expenses$565,928$30,519$0$596,447
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$117,404$179,334▲ $61,930
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2:

“Nick faldo and matthew faldo are related. They are father and son.”

FORM 990, PART VI, SECTION B, LINE 11B:

“The form 990 is reviewed individually by the organizations trustees and directors.”

FORM 990, PART VI, SECTION C, LINE 18:

“Tax return is available for review upon request.”

Filing and Contact Details

Filer

Filer Name
THE FALDO TRUST FOR TOMORROW'S CHAMPIONS
EIN
46-2793921
In Care Of
% BDO USA LLP
Phone
4078022060
Address
5850 TG LEE BLVD STE 435, ORLANDO, FL 32822

Signing Officer

Name
David H Trevett Esq
Title
Director
Phone
4078021060
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David H Trevett Esq
Formed
2013
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
2

Preparer

Firm
Bdo USA Llp
Address
450 S Orange Ave Suite 550, Orlando, FL 32801
Preparer
Tara Miller
Phone
4078416930
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

“Description:merchandise total expenses:26300 program services:26300”

Form 990 Part IX Line 24 - Other Expenses

“Description:photography total expenses:3560 program services:3560”

Form 990 Part IX Line 24 - Other Expenses

“Description:pr & communications total expenses:74777 program services:74777”

Form 990 Part IX Line 24 - Other Expenses

“Description:referee fees total expenses:2500 program services:2500”

Form 990 Part IX Line 24 - Other Expenses

“Description:scholarship subscriptions total expenses:1004 program services:1004”

Form 990 Part IX Line 24 - Other Expenses

“Description:signage total expenses:10302 program services:10302”

Form 990 Part IX Line 24 - Other Expenses

“Description:team badges total expenses:1523 program services:1523”

Form 990 Part IX Line 24 - Other Expenses

“Description:travel total expenses:23190 program services:23190”

Form 990 Part IX Line 24 - Other Expenses

“Description:tournament expenses total expenses:312486 program services:312486”

Form 990 Part IX Line 24 - Other Expenses

“Description:consultant total expenses:20436 program services:20436”

Raw XML AppendixShowing 400 of 419 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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