MINNESOTA SECTION PGA FOUNDATION

EIN: 411810679 501(c)(3) Education

COON RAPIDS, MN

Total Revenue
$1,496,156
Total Expenses
$1,421,202
Total Assets
$1,971,116
Net Assets
$1,215,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
JON TOLLETTE
Phone
7637540820
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA SECTION PGA FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

TO SUPPORT JUNIOR GOLFERS AND PROVIDE FINANCIAL ASSISTANCE FOR WORTHY RECIPIENTS TO ATTEND COLLEGE. THE MINNESOTA FOUNDATION UPHOLDS THE CORE VALUES: INTEGRITY, HONESTY, RESPECT, SELF-ASSURANCE, COURTESY, AND PERSEVERANCE. THE MINNESOTA FOUNDATION AWARDS JUNIORS 18 OR YOUNGER THAT HONOR THESE VALUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $427,477
Program Service Revenue $962,833
Investment Income $86,645
Other Revenue $19,201
TOTAL REVENUE $1,496,156

Expense Breakdown

Grants Paid $263,551
Salaries & Benefits $0
Fundraising Expenses $22,028
Program Expenses $1,276,143
Other Expenses $1,157,651
TOTAL EXPENSES $1,421,202

Year-over-Year Comparison

2024 2023 Change
Revenue $1,496,156 $1,341,934 +0.1%
Expenses $1,421,202 $1,524,322 -0.1%
Net Income $74,954 $-182,388 -1.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
13

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
$353,032
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CRISP DIRECTOR 1.00
Director
$0 $0 $0
ADAM HAUGEN DIRECTOR 1.00
Director
$0 $0 $0
GRANT HANSON DIRECTOR 1.00
Director
$0 $0 $0
ANDY GERBER DIRECTOR 1.00
Director
$0 $0 $0
JAVON MEYERHOFF METRO DIRECTOR 1.00
Director
$0 $0 $0
SAVANNAH NELSON NORTHERN MN DIRECTOR 1.00
Director
$0 $0 $0
MATT HAUGE SOUTHERN MN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MCDONALD PRESIDENT 4.00
Officer Director
$0 $0 $0
KELLIE HOINESS VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
TIM VERNON SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY DRIMEL CEO 20.00
Officer
$0 $21,473 $185,260
JON TOLLETTE COO 10.00
Officer
$0 $30,899 $167,772
PHIL ANDERSON HONORARY PRESIDENT 4.00
Officer
$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 $1,496,156 $1,421,202 $1,971,116 $74,954
2023 $1,341,934 $1,524,322 $1,958,537 $-182,388
2022 $2,019,852 $1,242,007 $1,798,493 $777,845
2021 $1,186,646 $1,178,922 $2,104,559 $7,724
2020 $864,818 $1,023,213 $1,620,635 $-158,395
2019 $1,035,553 $1,186,898 $1,515,851 $-151,345
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