Civic Intelligence

Friars Golf Foundation

990EZ • Fiscal year 2023 • EIN 83-1483086

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

3808 Millcreek DriveAnnandale, VA 22003

(703) 338-4275

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

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

Liabilities / Revenue

59th percentile

0.00x

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

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

Net Margin

97th percentile

86%

Higher net margin than 97% 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

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Assets

Up

$43,032

Up $43,032 from 2019

Net Assets

Up

$43,032

Up $43,032 from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$42,520

Down $94,821 (-69%) from 2019

Expenses

Down

$5,779

Down $120,216 (-95%) from 2019

Net Income

Up

$36,741

Up $25,395 (+224%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2023: $43,032Liabilities 2023: $0Net Assets 2023: $43,0322023Assets 2024: $109,735Liabilities 2024: $0Net Assets 2024: $109,7352024

Highlighted filing

2023

Assets$43,032
Liabilities$0
Net Assets$43,032

Operations Trend

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

$150K$100K$50K$0Revenue 2019: $137,341Expenses 2019: $125,995Net Income 2019: $11,3462019Revenue 2023: $42,520Expenses 2023: $5,779Net Income 2023: $36,7412023Revenue 2024: $112,231Expenses 2024: $45,528Net Income 2024: $66,7032024

Highlighted filing

2023

Revenue$42,520
Expenses$5,779
Net Income$36,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$54,000
Mission and Program Overview

Mission

The foundation has entered into a partnership with youth on course, a charitable organization that is focused on introducing young people to the game of golf. The friars foundation mission is to support young pros attempting to succeed in tournament golf, and to raise funds for yoc. The young pros in the friars system provide fundraising services for yoc in exchange for compensation to support them as they travel to and compete in tournaments.the friars foundation was established to do 2 things - provide support for disadvantaged young professional golfers, and also to provide financial support for youth on course, a charity whose mission is to get disadvantaged kids exposed to the game of golf. All the money is raised from friar members or by friar members, and the foundation does not receive support from corporate industry or any other outside entity.

The friars foundation was established to do 2 things - provide support for disadvantaged young professional golfers, and also to provide financial support for youth on course, a charity whose mission is to get disadvantaged kids exposed to the game of golf. All the money is raised from friar members or by friar members, and the foundation does not receive support from corporate industry or any other outside entity.

Program Services

DescriptionGrantsExpenses
"GOLF CLUB WITHOUT A COURSE" WHICH HAS 800 MEMBERS. EACH YEAR, THE CLUB ORGANIZES 60 - 80 GOLF TRIPS ALL OVER THE WORLD FOR ITS MEMBERS.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFFREY J RENZULLIChairman-$0--
GUSTAVO BESSALELPresident-$0--
RUSS HITTINGERVice President-$0--
JAMES BRUYETTETreasurer-$0--
JOHN DAVISSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event--$11,480-
Total Events--$11,480$-11,480
Filing and Contact Details

Filer

Filer Name
The Friars Golf Foundation
EIN
83-1483086
Phone
7033384275
Address
3808 MILLCREEK DRIVE, ANNANDALE, VA 22003

Signing Officer

Name
James Bruyette
Title
Treasurer
Phone
7033384275
Signed
2024-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Creative Planning Tax LLC
Address
8444 WESTPARK DRIVE SUITE 610, MCLEAN, VA 22102
Preparer
Celie Powers CPA
Phone
7037349300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: marketing . Amount: 5,000. Description: bank fee. Amount: 106. Description: legal & acct services. Amount: 673. Total to form 990-ez, line 16: 5,779.

Raw XML Appendix155 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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IRS990EZ/BooksInCareOfDetail/PhoneNum07033384275
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ANNANDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOHN DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE FRIARS FOUNDATION WAS ESTABLISHED TO DO 2 THINGS - PROVIDE SUPPORT FOR DISADVANTAGED YOUNG PROFESSIONAL GOLFERS, AND ALSO TO PROVIDE FINANCIAL SUPPORT FOR YOUTH ON COURSE, A CHARITY WHOSE MISSION IS TO GET DISADVANTAGED KIDS EXPOSED TO THE GAME OF GOLF. ALL THE MONEY IS RAISED FROM FRIAR MEMBERS OR BY FRIAR MEMBERS, AND THE FOUNDATION DOES NOT RECEIVE SUPPORT FROM CORPORATE INDUSTRY OR ANY OTHER OUTSIDE ENTITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0"GOLF CLUB WITHOUT A COURSE" WHICH HAS 800 MEMBERS. EACH YEAR, THE CLUB ORGANIZES 60 - 80 GOLF TRIPS ALL OVER THE WORLD FOR ITS MEMBERS.
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0ALL THE MONEY RAISED IN 2023 CAME FROM A 4 DAY EVENT HELD IN JAN '24, WHEREBY FRIARS MEMBERS PAID FEES TO COME TO FLORIDA AND PLAY 3 ROUNDS WITH THE YOUNG PROFESSIONALS WE SUPPORT. THEY ALL PAID ABOVE WHAT IT COST, AND THE EXCESS CASH GOES TO THE YOUNG PROS. THERE WERE NO PROFESSIONAL FUNDRAISERS INVOLVED AT ALL.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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ReturnHeader/Filer/PhoneNum07033384275
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CELIE POWERS CPA
ReturnHeader/ReturnTs02024-05-14T08:14:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRUYETTE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings