National Golf Foundation Inc

EIN: 362250699

Jupiter, FL

Total Revenue
$1,455,384
Total Expenses
$1,461,721
Total Assets
$5,514,425
Net Assets
$4,818,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
IL
Principal Officer
Gregory Nathan
Phone
5617446006
Tax Period
2023-01-01 to 2023-12-31

National Golf Foundation Inc, founded in 1936, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $4.8M represent 40 months of operating reserves.

Mission

NGF's mission is to foster the growth and vitality of the game and business of golf. During 2023, NGF hosted its fifteenth annual golf business symposium with a draw of nearly 150 of the top executives in golf in attendance. The Symposiums covered topics related to the Future Growth of Golf, Connecting to Today's Golf Consumer, Influencer Marketing, Tourism, as well as the state of the golf industry. NGF did produce its annual reports: Graffis Report, Golf Participation in the US, and Golf Facilities in the US. These reports were delivered to approximately 4,000 members nationwide. In addition, NGF produced a biweekly electronic newsletter to more than 50,000 individuals in the golf industry reporting industry insights on the health of golf.

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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 $0
Program Service Revenue $1,053,445
Investment Income $82,951
Other Revenue $318,988
TOTAL REVENUE $1,455,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,417,941
Fundraising Expenses $0
Other Expenses $43,780
TOTAL EXPENSES $1,461,721

Year-over-Year Comparison

2023 2022 Change
Revenue $1,455,384 $2,936,680 -0.5%
Expenses $1,461,721 $2,929,683 -0.5%
Net Income $-6,337 $6,997 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
28
Volunteers
N/A

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
6
$905,683
Total Directors
8
$0
Key Employees
1
$166,023
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John K Solheim Chairman 1.00
Officer Director
$0 $0 $0
Tim Schantz Vice Chairman 1.00
Officer Director
$0 $0 $0
Brad Hamilton Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Joe Assell Director 1.00
Director
$0 $0 $0
Anne Broholm Director 1.00
Director
$0 $0 $0
Mike McCarley Director 1.00
Director
$0 $0 $0
Annika Sorenstam Director 1.00
Director
$0 $0 $0
Dick Sullivan Director 1.00
Director
$0 $0 $0
Joseph Beditz CEO 17.00
Officer
$517,803 $13,477 $531,280
Kim Isom Chief Financial Officer 9.00
Officer
$112,955 $7,439 $120,394
Gregory Nathan President & COO 18.00
Officer
$237,158 $16,851 $254,009
David Lorentz Chief Research Officer 6.00
Key Emp
$163,444 $2,579 $166,023
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 $1,455,384 $1,461,721 $5,514,425 $-6,337
2022 $2,936,680 $2,929,683 $5,488,178 $6,997
2021 $3,384,108 $2,941,442 $5,958,712 $442,666
2020 $2,658,198 $2,607,815 $5,087,316 $50,383
2019 $3,150,333 $2,997,080 $4,525,573 $153,253
2018 $2,721,500 $2,597,735 $3,988,370 $123,765
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