Civic Intelligence

Troup County Recreation Endowment

EIN 58-6452519 • 501(c)3 • Lagrange, GA

Profile

The exclusive purpose of the troup county recreation endowment fund is to contribute to and support the expenses of troup county, georgia (a related party) in maintaining proposed recreational additions and improvements. Troup county, georgia has received a pledge from callaway foundation, inc. For 7,000,000, payable over a three year period subject to troup county, georgia creating the troup county recreation endowment fund to hold and manage the funds. Five percent of the fund balance will be made available annually to troup county, georgia to pay for the operating expenditures of new recreational facilities to be built.

100 Ridley AveLagrange, GA 30240
Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

51st percentile

4.6%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

125%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$10,047,306

Up $441,346 (+4.6%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$10,047,306

Up $441,346 (+4.6%) from 2024

Operations
Liabilities / Revenue7th percentileNet Margin76th percentile

Revenue

Up

$627,337

Up $348,967 (+125%) from 2024

Expenses

Up

$480,547

Up $15,143 (+3.3%) from 2024

Net Income

Up

$146,790

Up $333,824 (+178%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

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

$15M$10M$5.0M$0Assets 2011: $6,822,938Liabilities 2011: $0Net Assets 2011: $6,822,9382011Assets 2012: $6,530,156Liabilities 2012: $0Net Assets 2012: $6,530,1562012Assets 2013: $6,885,391Liabilities 2013: $0Net Assets 2013: $6,885,3912013Assets 2014: $7,741,921Liabilities 2014: $0Net Assets 2014: $7,741,9212014Assets 2015: $7,847,833Liabilities 2015: $0Net Assets 2015: $7,847,8332015Assets 2016: $7,338,830Liabilities 2016: $0Net Assets 2016: $7,338,8302016Assets 2017: $8,050,054Liabilities 2017: $0Net Assets 2017: $8,050,0542017Assets 2018: $8,426,690Liabilities 2018: $0Net Assets 2018: $8,426,6902018Assets 2019: $8,577,980Liabilities 2019: $0Net Assets 2019: $8,577,9802019Assets 2020: $8,640,239Liabilities 2020: $0Net Assets 2020: $8,640,2392020Assets 2021: $10,473,952Liabilities 2021: $0Net Assets 2021: $10,473,9522021Assets 2022: $8,535,541Liabilities 2022: $0Net Assets 2022: $8,535,5412022Assets 2023: $8,892,423Liabilities 2023: $0Net Assets 2023: $8,892,4232023Assets 2024: $9,605,960Liabilities 2024: $0Net Assets 2024: $9,605,9602024Assets 2025: $10,047,306Liabilities 2025: $0Net Assets 2025: $10,047,3062025

Highlighted filing

2025

Assets$10,047,306
Liabilities$0
Net Assets$10,047,306
Open 2025 Filing

Operations Trend

Revenue Growth93rd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $368,1422011Expenses 2012: $376,2562012Expenses 2013: $370,2232013Revenue 2014: $247,642Expenses 2014: $360,899Net Income 2014: -$113,2572014Revenue 2015: $413,111Expenses 2015: $210,991Net Income 2015: $202,1202015Revenue 2016: $244,948Expenses 2016: $566,887Net Income 2016: -$321,9392016Revenue 2017: $415,195Expenses 2017: $404,708Net Income 2017: $10,4872017Revenue 2018: $573,578Expenses 2018: $419,758Net Income 2018: $153,8202018Revenue 2019: $865,642Expenses 2019: $438,302Net Income 2019: $427,3402019Revenue 2020: $702,195Expenses 2020: $441,410Net Income 2020: $260,7852020Revenue 2021: $1,520,900Expenses 2021: $458,402Net Income 2021: $1,062,4982021Revenue 2022: $83,096Expenses 2022: $435,491Net Income 2022: -$352,3952022Revenue 2023: $200,491Expenses 2023: $465,647Net Income 2023: -$265,1562023Revenue 2024: $278,370Expenses 2024: $465,404Net Income 2024: -$187,0342024Revenue 2025: $627,337Expenses 2025: $480,547Net Income 2025: $146,7902025

Highlighted filing

2025

Revenue$627,337
Expenses$480,547
Net Income$146,790
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,047,306
Liabilities
$0
Net assets
$10,047,306
Revenue
$627,337
Expenses
$480,547
Net income
$146,790
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$0.63$0.48$0.15
2024Detailed filing. Detailed filing data is available for this year.$9.61$0.00$9.61$0.28$0.47$0.19
2023Detailed filing. Detailed filing data is available for this year.$8.89$0.00$8.89$0.20$0.47$0.27
2022Detailed filing. Detailed filing data is available for this year.$8.54$0.00$8.54$0.08$0.44$0.35
2021Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$1.52$0.46$1.06
2020Detailed filing. Detailed filing data is available for this year.$8.64$0.00$8.64$0.70$0.44$0.26
2019Detailed filing. Detailed filing data is available for this year.$8.58$0.00$8.58$0.87$0.44$0.43
2018Detailed filing. Detailed filing data is available for this year.$8.43$0.00$8.43$0.57$0.42$0.15
2017Detailed filing. Detailed filing data is available for this year.$8.05$0.00$8.05$0.42$0.40$0.01
2016Detailed filing. Detailed filing data is available for this year.$7.34$0.00$7.34$0.24$0.57$0.32
2015Detailed filing. Detailed filing data is available for this year.$7.85$0.00$7.85$0.41$0.21$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.74$0.00$7.74$0.25$0.36$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.00$6.89$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$0.00$6.53$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$0.00$6.82$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 5, 2025
Return Version
2024v5.0
Gross Receipts
$5,288,984
Mission and Program Overview

Mission

The exclusive purpose of the troup county recreation endowment fund is to contribute to and support the expenses of troup county, georgia (a related party) in maintaining proposed recreational additions and improvements. Troup county, georgia has received a pledge from callaway foundation, inc. For 7,000,000, payable over a three year period subject to troup county, georgia creating the troup county recreation endowment fund to hold and manage the funds. Five percent of the fund balance will be made available annually to troup county, georgia to pay for the operating expenditures of new recreational facilities to be built.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,605,960$10,047,306▲ $441,346
Total Assets$9,605,960$10,047,306▲ $441,346
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,605,960$10,047,306▲ $441,346
Total Net Assets Fund Balance$9,605,960$10,047,306▲ $441,346
Total Liabilities and Net Assets / Fund Balance$9,605,960$10,047,306▲ $441,346

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,605,960-▲ $971,503-$10,047,306
2023$8,892,423-▲ $1,230,338-$9,605,960
2022$8,535,541-▲ $862,242-$8,892,423
2021$10,473,952-▼ $1,452,421-$8,535,541
2020$8,640,239-▲ $2,292,115-$10,473,952
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Paul S Penn IiiChairman
Andy FritchleyTrustee
Charles D Hudson JrTrustee
Jerome AlfordTrustee
Patrick CrewsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$627,337
Other Revenue
$0
Change in Net Assets
$146,790

Audited Revenue Reconciliation

Revenue per Audited Statements
$577,727
Revenue Not Reported on Financial Statements
$49,610
Revenue Not Reported on Form 990
$344,166
Total Revenue per Audited Statements
$921,893
Total Revenue per Form 990
$627,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$480,547
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$480,547--$480,547
Total Functional Expenses$480,547$0$0$480,547

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$480,547
Total Expenses per Audited Statements$480,547
Total Expenses per Form 990$480,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Troup County Government-GovRecreation Support$480,547
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“Tax return was presented and approved by the board of directors along with the audited financial statements.”

Form 990, Page 6, Part VI, Line 19

“Documents made available upon request.”

Filing and Contact Details

Filer

Filer Name
Troup County Recreation Endowment
EIN
58-6452519
Phone
7068831610
Address
100 RIDLEY AVE, LAGRANGE, GA 30240

Signing Officer

Name
Paul S Penn Iii
Title
Chairman
Phone
7068831610
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul S Penn Iii
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Long & Long CPA Pc
Address
201 CHURCH STREET, LAGRANGE, GA 30240-2711
Preparer
Wesley E Long Iii CPA
Phone
7068847331
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The exclusive purpose of the troup county recreation endowment fund is to contribute to and support the expenses of troup county, georgia (a related party) in maintaining proposed recreational additions and improvements. Troup county, georgia has received a pledge from callaway foundation, inc. For 7,000,000, payable over a three year period subject to troup county, georgia creating the troup county recreation endowment fund to hold and manage the funds. Five percent of the fund balance will be made available annually to troup county, georgia to pay for the operating expenditures of new recreational facilities to be built.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The exclusive purpose of the fund is to contribute to and support the expenses of troup county, georgia in operating and maintaining existing recreational facilities to be improved and new facilities to be constructed. The fund received an initial grant from the callaway foundation, inc. Totaling 7,000,000. The net assets of the fund are classified as donor restricted. The terms of the grant received from the callaway foundation, inc. Allow the trustees of the fund to distribute up to five percent (5%) of the fair market value of the trust assets to troup county, georgia on an annual basis, in accordance with the trust agreement as follows: after the fund has been in existence for seven years, the amount of each annual distribution shall not exceed five percent (5%) of the average fair market value of the trust assets over the preceding five (5) years, determined at december 31 of each year.”

Schedule D, Page 3, Part X

“Fasb asc 740-010, income taxes, addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, troup county recreation endowment fund may recognize the tax benefit only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the fund and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended june 30, 2025 and 2024.”

Raw XML Appendix322 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EXCLUSIVE PURPOSE OF THE FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA IN OPERATING AND MAINTAINING EXISTING RECREATIONAL FACILITIES TO BE IMPROVED AND NEW FACILITIES TO BE CONSTRUCTED. THE FUND RECEIVED AN INITIAL GRANT FROM THE CALLAWAY FOUNDATION, INC. TOTALING 7,000,000. THE NET ASSETS OF THE FUND ARE CLASSIFIED AS DONOR RESTRICTED. THE TERMS OF THE GRANT RECEIVED FROM THE CALLAWAY FOUNDATION, INC. ALLOW THE TRUSTEES OF THE FUND TO DISTRIBUTE UP TO FIVE PERCENT (5%) OF THE FAIR MARKET VALUE OF THE TRUST ASSETS TO TROUP COUNTY, GEORGIA ON AN ANNUAL BASIS, IN ACCORDANCE WITH THE TRUST AGREEMENT AS FOLLOWS: AFTER THE FUND HAS BEEN IN EXISTENCE FOR SEVEN YEARS, THE AMOUNT OF EACH ANNUAL DISTRIBUTION SHALL NOT EXCEED FIVE PERCENT (5%) OF THE AVERAGE FAIR MARKET VALUE OF THE TRUST ASSETS OVER THE PRECEDING FIVE (5) YEARS, DETERMINED AT DECEMBER 31 OF EACH YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FASB ASC 740-010, INCOME TAXES, ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, TROUP COUNTY RECREATION ENDOWMENT FUND MAY RECOGNIZE THE TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FUND AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED JUNE 30, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXCLUSIVE PURPOSE OF THE TROUP COUNTY RECREATION ENDOWMENT FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA (A RELATED PARTY) IN MAINTAINING PROPOSED RECREATIONAL ADDITIONS AND IMPROVEMENTS. TROUP COUNTY, GEORGIA HAS RECEIVED A PLEDGE FROM CALLAWAY FOUNDATION, INC. FOR 7,000,000, PAYABLE OVER A THREE YEAR PERIOD SUBJECT TO TROUP COUNTY, GEORGIA CREATING THE TROUP COUNTY RECREATION ENDOWMENT FUND TO HOLD AND MANAGE THE FUNDS. FIVE PERCENT OF THE FUND BALANCE WILL BE MADE AVAILABLE ANNUALLY TO TROUP COUNTY, GEORGIA TO PAY FOR THE OPERATING EXPENDITURES OF NEW RECREATIONAL FACILITIES TO BE BUILT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN WAS PRESENTED AND APPROVED BY THE BOARD OF DIRECTORS ALONG WITH THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL S PENN III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07068831610
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TROUP COUNTY RECREATION ENDOWMENT
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ReturnHeader/Filer/PhoneNum07068831610
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LONG & LONG CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 CHURCH STREET
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WESLEY E LONG III CPA
ReturnHeader/ReturnTs02025-08-21T16:25:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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