Civic Intelligence

Project Golf

990 • Fiscal year 2023 • EIN 82-2753460

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 13, 2024

2051 Golf Academy WayNorth Myrtle Beach, SC 29582

(800) 845-4653

Siviq Scores

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

Liabilities / Assets

87th percentile

0.30x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

256%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

98%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$179,588

Up $129,180 (+256%) from 2022

Net Assets

Up

$126,132

Up $163,005 (+442%) from 2022

Liabilities

Down

$53,456

Down $33,825 (-39%) from 2022

Revenue

Up

$427,378

Up $211,644 (+98%) from 2022

Expenses

Up

$264,373

Up $116,644 (+79%) from 2022

Net Income

Up

$163,005

Up $95,000 (+140%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2017: $3,642Liabilities 2017: $21,427Net Assets 2017: -$17,7852017Assets 2018: $48,952Liabilities 2018: $35,000Net Assets 2018: $13,9522018Assets 2019: $26,526Liabilities 2019: $117,184Net Assets 2019: -$90,6582019Assets 2020: $31,732Liabilities 2020: $181,195Net Assets 2020: -$149,4632020Assets 2021: $128,602Liabilities 2021: $233,476Net Assets 2021: -$104,8742021Assets 2022: $50,408Liabilities 2022: $87,281Net Assets 2022: -$36,8732022Assets 2023: $179,588Liabilities 2023: $53,456Net Assets 2023: $126,1322023Assets 2024: $146,779Liabilities 2024: $36,594Net Assets 2024: $110,1852024

Highlighted filing

2023

Assets$179,588
Liabilities$53,456
Net Assets$126,132

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $0Expenses 2017: $17,785Net Income 2017: -$17,7852017Revenue 2018: $72,070Expenses 2018: $40,333Net Income 2018: $31,7372018Revenue 2019: $84,810Expenses 2019: $189,420Net Income 2019: -$104,6102019Revenue 2020: $95,388Expenses 2020: $154,193Net Income 2020: -$58,8052020Revenue 2021: $174,498Expenses 2021: $129,909Net Income 2021: $44,5892021Revenue 2022: $215,734Expenses 2022: $147,729Net Income 2022: $68,0052022Revenue 2023: $427,378Expenses 2023: $264,373Net Income 2023: $163,0052023Revenue 2024: $234,849Expenses 2024: $250,796Net Income 2024: -$15,9472024

Highlighted filing

2023

Revenue$427,378
Expenses$264,373
Net Income$163,005
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 13, 2024
Return Version
2023v5.0
Gross Receipts
$427,378
Mission and Program Overview

Mission

To support and advocate for the game of golf, provide golf educational programs that have a positive impact on participants of all ages, and to make the game of golf more accessible to the public.

To uphold, promote and bring public awareness to the true spirit of the game of golf. Provide golf educational programs that have a positive impact on participants of all ages, and to make the game of golf more accessible to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,410$176,946▲ $139,536
Rtn Earn Endowment Incm Other Fnds$-36,873$126,132▲ $163,005
Land, Buildings, and Equipment, Net$2,642$2,642→ $0
Total Assets$50,408$179,588▲ $129,180
Other Assets Total$10,356--
Liabilities
Accounts Payable and Accrued Expenses$87,281$53,456▼ $33,825
Total Liabilities$87,281$53,456▼ $33,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$-36,873$126,132▲ $163,005
Total Liabilities and Net Assets / Fund Balance$50,408$179,588▲ $129,180

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,642$1,104$3,746
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis NichollChairman
Gary SchaalExecutive Director
Clay SmithMember
David OgnekMember
Michael MarianoMember
Mike SummerMember
Ted FrickMember
Allen TerrellSecretarytreasurer
Will Mann PgaVice Chariman
Revenue and Support

Revenue Composition

Contributions and Grants
$151,974
Program Service Revenue
$200,283
Investment Income
$0
Other Revenue
$75,121
Change in Net Assets
$163,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,871
Salaries, Compensation, and Employee Benefits$81,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$146,062--$146,062
Other Salaries and Wages$75,814--$75,814
Insurance$5,774--$5,774
Payroll Taxes$5,688--$5,688
Fees for Services Accounting-$4,060-$4,060
Advertising$1,924--$1,924
Travel$1,849--$1,849
Other Expenses$1,731--$1,731
Conferences and Meetings$972--$972
Total Functional Expenses$260,313$4,060$0$264,373
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
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

Decisions are made by the officer of the organization

Form 990 governing body review Part VI line 11

The forem 990 was completed by the cpa then sent to the governing bodies for final review, after final review and acceptance the form 990 is then filed.

Conflict of interest policy compliance Part VI line 12C

Policies are reveiwed and address for any conflict of interest

Governing documents etc available to public Part VI line 19

The organization makes its governing doucments available to the public upon request via hard copy at the organization place of business.

Filing and Contact Details

Filer

Filer Name
Project Golf
EIN
82-2753460
Address
2051 GOLF ACADEMY WAY, NORTH MYRTLE BEACH, SC 29582

Signing Officer

Name
Gary Schaal
Title
Executive Direc
Phone
8008454653
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Sc
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Peretore Accounting LLC
Address
311 GARFIELD AVE, ENDICOTT, NY 13760
Preparer
Salvatore Peretore
Phone
6077854070
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Consulting 43800intro to golf course fees 1100intro to golf pro fees 36630internet 1203paypal 644callaway expenses 34163rent 6000marketing 14400other 1449forgiven payable from gts -5746pg merchandise 2458event expense show some love 5268wpc golf event 2634pg hope expenses 413education 1646

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES ARE REVEIWED AND ADDRESS FOR ANY CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOUCMENTS AVAILABLE TO THE PUBLIC UPON REQUEST VIA HARD COPY AT THE ORGANIZATION PLACE OF BUSINESS.
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