Civic Intelligence

Forekids Foundations Inc DBA Zurich Classic of New Orleans

990 • Fiscal year 2021 • EIN 58-1940111

Oct 01, 2020 to Sep 30, 2021 • Filed on Jun 29, 2022

Organization ProfileWWW.FOREKIDSFOUNDATION.COM

View Organization Page

11005 Lapalco BlvdAvondale, LA 70094

(504) 342-3000

Siviq Scores

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

Liabilities / Assets

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.34x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

37th percentile

6.3%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$390,478

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

59th percentile

14%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

284%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$10,997,884

Up $1,325,425 (+14%) from 2020

Net Assets

Up

$6,463,039

Up $1,203,070 (+23%) from 2020

Liabilities

Up

$4,534,845

Up $122,355 (+2.8%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin37th percentile

Revenue

Up

$13,321,599

Up $9,850,039 (+284%) from 2020

Expenses

Up

$12,485,448

Up $9,498,398 (+318%) from 2020

Net Income

Up

$836,151

Up $351,641 (+73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$15M$10M$5.0M$0Assets 2011: $2,628,778Liabilities 2011: $2,272,739Net Assets 2011: $356,0392011Assets 2012: $3,676,117Liabilities 2012: $2,714,613Net Assets 2012: $961,5042012Assets 2013: $4,731,193Liabilities 2013: $2,992,971Net Assets 2013: $1,738,2222013Assets 2014: $5,717,684Liabilities 2014: $3,471,390Net Assets 2014: $2,246,2942014Assets 2015: $6,068,448Liabilities 2015: $3,529,142Net Assets 2015: $2,539,3062015Assets 2016: $6,675,835Liabilities 2016: $3,557,751Net Assets 2016: $3,118,0842016Assets 2017: $9,697,935Liabilities 2017: $5,966,077Net Assets 2017: $3,731,8582017Assets 2018: $10,190,406Liabilities 2018: $6,081,455Net Assets 2018: $4,108,9512018Assets 2019: $6,331,800Liabilities 2019: $1,863,692Net Assets 2019: $4,468,1082019Assets 2020: $9,672,459Liabilities 2020: $4,412,490Net Assets 2020: $5,259,9692020Assets 2021: $10,997,884Liabilities 2021: $4,534,845Net Assets 2021: $6,463,0392021Assets 2022: $11,128,381Liabilities 2022: $4,824,919Net Assets 2022: $6,303,4622022Assets 2023: $12,545,664Liabilities 2023: $4,831,265Net Assets 2023: $7,714,3992023

Highlighted filing

2021

Assets$10,997,884
Liabilities$4,534,845
Net Assets$6,463,039
Open 2021 Filing

Operations Trend

Revenue Growth96th percentile

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

$20M$15M$10M$5.0M$0Revenue 2011: $11,982,038Expenses 2011: $11,903,887Net Income 2011: $78,1512011Expenses 2012: $11,805,8182012Expenses 2013: $12,205,2972013Revenue 2014: $13,128,434Expenses 2014: $12,664,644Net Income 2014: $463,7902014Revenue 2015: $12,991,090Expenses 2015: $12,562,573Net Income 2015: $428,5172015Revenue 2016: $13,248,377Expenses 2016: $12,846,817Net Income 2016: $401,5602016Revenue 2017: $13,490,087Expenses 2017: $13,028,675Net Income 2017: $461,4122017Revenue 2018: $13,657,286Expenses 2018: $13,359,705Net Income 2018: $297,5812018Revenue 2019: $13,892,145Expenses 2019: $13,563,379Net Income 2019: $328,7662019Revenue 2020: $3,471,560Expenses 2020: $2,987,050Net Income 2020: $484,5102020Revenue 2021: $13,321,599Expenses 2021: $12,485,448Net Income 2021: $836,1512021Revenue 2022: $16,554,167Expenses 2022: $15,521,858Net Income 2022: $1,032,3092022Revenue 2023: $17,405,479Expenses 2023: $16,415,798Net Income 2023: $989,6812023

Highlighted filing

2021

Revenue$13,321,599
Expenses$12,485,448
Net Income$836,151
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 29, 2022
Return Version
2020v4.2
Gross Receipts
$13,329,852
Mission and Program Overview

Mission

The primary purpose of the foundation is the promotion of social welfare for the community of new orleans by promoting, managing, and sponsoring an annual pga tour golf tournament.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,722,166$5,192,495▲ $470,329
Investments in Publicly Traded Securities$4,316,777$5,045,401▲ $728,624
Cash and Non-Interest-Bearing Accounts$246,796$502,923▲ $256,127
Accounts Receivable$201,095$254,565▲ $53,470
Prepaid Expenses and Deferred Charges$185,625$2,500▼ $183,125
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$9,672,459$10,997,884▲ $1,325,425
Liabilities
Deferred Revenue$2,874,250$2,638,766▼ $235,484
Grants Payable$1,162,500$1,708,240▲ $545,740
Accounts Payable and Accrued Expenses$375,740$187,839▼ $187,901
Total Liabilities$4,412,490$4,534,845▲ $122,355
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,259,969$6,463,039▲ $1,203,070
Total Net Assets Fund Balance$5,259,969$6,463,039▲ $1,203,070
Total Liabilities and Net Assets / Fund Balance$9,672,459$10,997,884▲ $1,325,425

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$687,768$687,768
Equipment$0$253,367$253,367
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve WorthyC.e.o.FT$265,000$125,478$390,478
Chris KenyonVP of Sales & MarketingFT$130,000$53,893$183,893

Board Members and Trustees

NameTitle
Brian CheramieChairman
Mark RomigVice Chairman
Charles RiceDirector
Chav PierceDirector
Darrah SchaeferDirector
Eddie BoettnerDirector
Gordy RushDirector
Jerry BolognaDirector
Jim GarnerDirector
John BarrancoDirector
Kevin ColombDirector
Peggy ColemanDirector
Scott BallardDirector
Tony AbadieDirector
Tristan MantheyDirector
David PerlisEx-officio

Highest Paid Contractors

ContractorServicesLocationCompensation
InproductionScaffolding/flooring/seating4320 WINFIELD RD 200, Warrenville, IL 60555$501,358
TraubeTentsPO BOX 798, Columbia, IL 62236$204,530
Patton's CaterersCatering127 CLEVELAND AVE, Slidell, LA 70458$140,000
TsiSignage3324 E ATLANTA AVE, Phoenix, AZ 85040$127,254
Energy Rental SolutionsFuelPO BOX 679248, Dallas, TX 75267$122,891
Revenue and Support

Revenue Composition

Contributions and Grants
$882,486
Program Service Revenue
$11,892,765
Investment Income
$421,471
Other Revenue
$124,877
All Other Contributions
$384,858
Change in Net Assets
$836,151

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,321,599
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$375,172
Total Revenue per Audited Statements
$13,696,771
Total Revenue per Form 990
$13,321,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,608,245
Grants and Similar Amounts Paid$1,941,009
Salaries, Compensation, and Employee Benefits$936,194
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,941,009--$1,941,009
Current Officers, Directors, Trustees, and Key Employees$354,349$220,022-$574,371
Other Expenses$298,023--$298,023
Occupancy$128,458$95,324-$223,782
Other Salaries and Wages$114,581$71,146-$185,727
Office Expenses$109,310$43,533-$152,843
Other Employee Benefits$76,901$47,749-$124,650
Advertising$111,866--$111,866
All Other Expenses-$52,632-$52,632
Pension Plan Contributions$16,690$10,363-$27,053
Payroll Taxes$15,049$9,344-$24,393
Fees for Services Accounting$20,083--$20,083
Travel$2,730--$2,730
Total Functional Expenses$11,935,335$550,113$0$12,485,448

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,493,701
Expenses per Audited Statements$12,485,448
Total Expenses per Form 990$12,485,448
Expenses Not Reported on Form 990$8,253
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
50 LegsLithia, FL501(c)(3)General Assistance$10,000
Friends Helping KidsMandeville, LA501(c)(3)General Assistance$10,000
Golden Meadow Lions ClubGolden Meadow, LA501(c)(3)General Assistance$10,000
Hope HouseNew Orleans, LA501(c)(3)General Assistance$10,000
Louisiana Pulmonary Disease Camp - Camp PelicanNew Orleans, LA501(c)(3)General Assistance$10,000
Muscular Dystrophy Association of Southeast LouisianaMetairie, LA501(c)(3)General Assistance$10,000
New Orleans Speech and Hearing CenterNew Orleans, LA501(c)(3)General Assistance$10,000
St Lillian AcademyBaton Rouge, LA501(c)(3)General Assistance$10,000
Youth Service Bureau of St TammanyCovington, LA501(c)(3)General Assistance$7,500
Live Oak CampNew Orleans, LA501(c)(3)General Assistance$5,000
Play Build NolaNew Orleans, LA501(c)(3)General Assistance$5,000
St Therese AcademyMetairie, LA501(c)(3)General Assistance$5,000
Ymca of Greater New OrleansNew Orleans, LA501(c)(3)General Assistance$5,000
Foundation for WomansBaton Rouge, LA501(c)(3)General Assistance$2,500
Louisiana Restaurant Association Education FoundationMetairie, LA501(c)(3)General Assistance$2,500
Start the Adventure in ReadingNew Orleans, LA501(c)(3)General Assistance$2,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,130
Fundraising Direct Expenses$8,253
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Charity Golf Tournament$53,130$53,130$3,751$49,379
Golf Auction Revenue$18,900-$1,478-
Total Events$72,030$53,130$8,253$44,877
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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
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 B, Line 11B

“The president and the treasurer review the form 990 upon completion.”

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

“Fore! Kids foundation, inc. Dba zurich classic of new orleans regularly and consistently monitors and enforces compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Compensation and bonuses are approved by independent members of the board and a written contract is issued. These decisions are contemporaneously documented.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Forekids Foundation Inc
EIN
58-1940111
Phone
5043423000
Address
11005 LAPALCO BLVD, AVONDALE, LA 70094

Signing Officer

Name
Steve Worthy
Title
CEO
Phone
5043423000
Signed
2022-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Worthy
Formed
1958
Legal Domicile
La
Voting Board Members
16
Independent Board Members
16
Employees
8
Volunteers
1,010

Preparer

Firm
Carr Riggs & Ingram LLC
Address
200-B GREENLEAVES BLVD, MANDEVILLE, LA 70448
Preparer
Melissa Y Duhon CPA
Phone
9856268299
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(3) of the internal revenue code, the foundation is exempt from taxes on income other than unrelated business income. Unrelated business income results from rent, administration of self-insurance activities, and commissions. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The foundation utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of september 30, 2021 and 2020, the foundation has no uncertain tax provisions that qualify for recognition or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted with revenue 8,253.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted with revenue 8,253.”

Raw XML AppendixShowing 400 of 802 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/PersonNm1BRIAN CHERAMIE
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES RICE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHAV PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm4DARRAH SCHAEFER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID PERLIS
IRS990/Form990PartVIISectionAGrp/PersonNm6JIM GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm7EDDIE BOETTNER
IRS990/Form990PartVIISectionAGrp/PersonNm8GORDY RUSH
IRS990/Form990PartVIISectionAGrp/PersonNm9JERRY BOLOGNA
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN BARRANCO
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK ROMIG
IRS990/Form990PartVIISectionAGrp/PersonNm12PEGGY COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13SCOTT BALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm14TONY ABADIE
IRS990/Form990PartVIISectionAGrp/PersonNm15TRISTAN MANTHEY
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRIS KENYON
IRS990/Form990PartVIISectionAGrp/PersonNm17STEVE WORTHY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16165000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17343000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF SALES & MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt17C.E.O.
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt018900
IRS990/FundraisingDirectExpensesAmt08253
IRS990/FundraisingGrossIncomeAmt053130
IRS990/GainOrLossGrp/SecuritiesAmt0308582
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0478728
IRS990/GrantAmt01941009
IRS990/GrantsPayableGrp/BOYAmt01162500
IRS990/GrantsPayableGrp/EOYAmt01708240
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01941009
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01941009
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0308582
IRS990/GrossReceiptsAmt013329852
IRS990/GrossRentsGrp/RealAmt080000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0112889
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0112889
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04316777
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05045401
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0941135
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0941135
IRS990/LegalDomicileStateCd0LA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRIMARY PURPOSE OF THE FOUNDATION IS THE PROMOTION OF SOCIAL WELFARE FOR THE COMMUNITY OF NEW ORLEANS BY PROMOTING, MANAGING, AND SPONSORING AN ANNUAL PGA TOUR GOLF TOURNAMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05259969
IRS990/NetAssetsOrFundBalancesEOYAmt06463039
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0308582
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0308582
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt044877
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt044877
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt080000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt080000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0366919
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05259969
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06463039
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt095324
IRS990/OccupancyGrp/ProgramServicesAmt0128458
IRS990/OccupancyGrp/TotalAmt0223782
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043533
IRS990/OfficeExpensesGrp/ProgramServicesAmt0109310
IRS990/OfficeExpensesGrp/TotalAmt0152843
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt047749
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt076901
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0124650
IRS990/OtherExpensesGrp/Desc0PRIZES FOR PROFESSIONAL
IRS990/OtherExpensesGrp/Desc1TENT/VENUE EXPENSE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT/TOURN WEEK
IRS990/OtherExpensesGrp/Desc3CYPRESS SUITES
IRS990/OtherExpensesGrp/ProgramServicesAmt06360000
IRS990/OtherExpensesGrp/ProgramServicesAmt11961791
IRS990/OtherExpensesGrp/ProgramServicesAmt2424495
IRS990/OtherExpensesGrp/ProgramServicesAmt3298023
IRS990/OtherExpensesGrp/TotalAmt06360000
IRS990/OtherExpensesGrp/TotalAmt11961791
IRS990/OtherExpensesGrp/TotalAmt2424495
IRS990/OtherExpensesGrp/TotalAmt3298023
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071146
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0114581
IRS990/OtherSalariesAndWagesGrp/TotalAmt0185727
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09344
IRS990/PayrollTaxesGrp/ProgramServicesAmt015049
IRS990/PayrollTaxesGrp/TotalAmt024393
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010363
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016690
IRS990/PensionPlanContributionsGrp/TotalAmt027053
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0185625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02500
IRS990/PrincipalOfficerNm0STEVE WORTHY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TOURNAMENT
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011772744
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011772744
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120021
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0717186
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01212472
IRS990/PYInvestmentIncomeAmt0220630
IRS990/PYOtherExpensesAmt0749405
IRS990/PYOtherRevenueAmt0161724
IRS990/PYProgramServiceRevenueAmt02372020
IRS990/PYRevenuesLessExpensesAmt0484510
IRS990/PYSalariesCompEmpBnftPaidAmt01025173
IRS990/PYTotalExpensesAmt02987050
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03471560
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0836151
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt080000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011972765
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04722166
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05192495
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0882486
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0717186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0852654
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0664762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0839369
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03956457
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0421471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0220630
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0250748

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,997,884
Liabilities
$4,534,845
Net assets
$6,463,039
Revenue
$13,321,599
Expenses
$12,485,448
Net income
$836,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.5$4.83$7.71$17.4$16.4$0.99
2022Summary only. Only limited summary data is available for this year.$11.1$4.82$6.30$16.6$15.5$1.03
2021Detailed filing. Detailed filing data is available for this year.$11.0$4.53$6.46$13.3$12.5$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.67$4.41$5.26$3.47$2.99$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.33$1.86$4.47$13.9$13.6$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$6.08$4.11$13.7$13.4$0.30
2017Summary only. Only limited summary data is available for this year.$9.70$5.97$3.73$13.5$13.0$0.46
2016Summary only. Only limited summary data is available for this year.$6.68$3.56$3.12$13.2$12.8$0.40
2015Detailed filing. Detailed filing data is available for this year.$6.07$3.53$2.54$13.0$12.6$0.43
2014Detailed filing. Detailed filing data is available for this year.$5.72$3.47$2.25$13.1$12.7$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$2.99$1.74$12.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$2.71$0.96$11.8
2011Summary only. Only limited summary data is available for this year.$2.63$2.27$0.36$12.0$11.9$0.08