NEW JERSEY STATE GOLF ASSOCIATION CADDIE SCHOLARSHIP FOUNDATION INC

EIN: 226041537 501(c)(3)

KENILWORTH, NJ

Total Revenue
$1,331,874
Total Expenses
$1,101,084
Total Assets
$3,423,243
Net Assets
$3,304,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NJ
Principal Officer
BRIAN R HUNT
Phone
9082414653
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY STATE GOLF ASSOCIATION CADDIE SCHOLARSHIP FOUNDATION INC, founded in 1958, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $231K, a strong 17% operating margin.

Mission

TO PROVIDE COLLEGE FINANCIAL AID TO CADDIES OF MEMBER CLUBS OF THE NEW JERSEY STATE GOLF ASSOCIATION ("NJSGA").

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,205,667
Program Service Revenue $0
Investment Income $126,207
Other Revenue $0
TOTAL REVENUE $1,331,874

Expense Breakdown

Grants Paid $834,043
Salaries & Benefits $0
Fundraising Expenses $38,980
Program Expenses $1,022,233
Other Expenses $267,041
TOTAL EXPENSES $1,101,084

Year-over-Year Comparison

2023 2022 Change
Revenue $1,331,874 $1,550,987 -0.1%
Expenses $1,101,084 $988,503 +0.1%
Net Income $230,790 $562,484 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN R HUNT CHAIRMAN 3.00
Officer Director
$0 $0 $0
JOHN BABCOCK TRUSTEE 3.00
Director
$0 $0 $0
LAURA BENEVENTO TRUSTEE 3.00
Director
$0 $0 $0
GENE E BENZENBERG TRUSTEE 3.00
Director
$0 $0 $0
MICHAEL MCFADDEN TRUSTEE 3.00
Director
$0 $0 $0
THOMAS S PALUCK TRUSTEE 3.00
Director
$0 $0 $0
RICK SHEA TRUSTEE 3.00
Director
$0 $0 $0
ROBERT WOLF TRUSTEE 3.00
Director
$0 $0 $0
ROBERT D CRONHEIM FORMER TRUSTEE 3.00
Director
$0 $0 $0
TRAVER DAVIS FORMER TRUSTEE 3.00
Director
$0 $0 $0
JAY S MACNEILL FORMER TRUSTEE 3.00
Director
$0 $0 $0
THOMAS J MCGOVERN FORMER TRUSTEE 3.00
Director
$0 $0 $0
RYAN MACK FORMER OUTSIDE OPS LIASON 3.00
Director
$0 $0 $0
BILL FRESE FORMER COUNSEL 3.00
Director
$0 $0 $0
JEFF KNAPP LIAISON 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,331,874 $1,101,084 $3,423,243 $230,790
2022 $1,550,987 $988,503 $3,203,137 $562,484
2021 $1,560,544 $861,947 $2,606,991 $698,597
2020 $973,286 $784,740 $1,886,696 $188,546
2019 $1,057,859 $788,610 $1,689,422 $269,249
2018 $1,012,939 $781,597 $1,374,857 $231,342
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