OWINGS MILLS, MD
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Sign In — Free (10 views/day)CAVES VALLEY GOLF CLUB FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $869K in total revenue in fiscal year 2023. Revenue surged 260% from the prior year, signaling strong growth momentum. Expenses of $981K exceeded revenue, resulting in a 13% operating deficit.
GOLF IS AN ANCIENT AND HONORABLE GAME. MANY OF LIFE'S LESSONS AND VALUES ARE LEARNED AND REINFORCED THROUGH GOLF. CAVES VALLEY NOT ONLY PROVIDES THE SETTING AND FACILITY TO ENJOY AND PASS ON OUR LOVE AND RESPECT FOR THE GAME, BUT IS ALSO A VEHICLE TO BRING AND ENHANCE THE VALUES RECEIVED BY YOUNG PEOPLE FROM GOLF. CAVES VALLEY GOLF CLUB FOUNDATION IS DEDICATED TO IMPROVING THE LIVES OF YOUNG PEOPLE THROUGH EXPOSURE TO GOLF'S CUSTOMS, TRADITIONS AND RULES OF FAIR PLAY. TO THIS END THE FOUNDATION SPONSORS A VARIETY OF ACTIVITIES TO: (I) INTRODUCE GOLF'S VALUES TO YOUNG PEOPLE ESPECIALLY THOSE WHO MIGHT OTHERWISE NEVER HAVE THIS OPPORTUNITY, (II) ASSIST CADDIES FURTHER THEIR FORMAL EDUCATION THROUGH COLLEGE SCHOLARSHIPS, AND (III) PARTNER WITH OTHER ORGANIZATIONS SIMILARLY FOCUSED ON MAKING A DIFFERENCE FOR YOUNG PEOPLE THROUGH THE GAME OF GOLF.
THE FOUNDATION HAS ESTABLISHED AN EDUCATIONAL SCHOLARSHIPPROGRAM FOR INDIVIDUALS PROVIDING SERVICES AS CADDIES AT CAVESVALLEY GOLF CLUB (CLUB) AND AT OTHER BALTIMORE METROPOLITAN AREAGOLF CLUBS. THE...
THE FOUNDATION HAS ESTABLISHED AN EDUCATIONAL SCHOLARSHIPPROGRAM FOR INDIVIDUALS PROVIDING SERVICES AS CADDIES AT CAVESVALLEY GOLF CLUB (CLUB) AND AT OTHER BALTIMORE METROPOLITAN AREAGOLF CLUBS. THE PURPOSE OF THE PROGRAM IS TO AFFORD THE FINANCIAL ASSISTANCE TO INDIVIDUALS PROVIDING SERVICES AS CADDIES IN ACHIEVING THEIR HIGHER EDUCATION GOALS. THE PROGRAM AWARDS SCHOLARSHIPS BASEDON A SELECTIVE APPLICATION AND APPROVAL PROCESS. THE SCHOLARSHIPSPROVIDE FINANCIAL TUITION ASSISTANCE AND ARE RENEWED ANNUALLY, UPTO A MAXIMUM OF THREE (3) YEARS, PROVIDED ELIGIBILITY REQUIREMENTSCONTINUE TO BE MET.THE FOUNDATION ALSO OFFERS SCHOLARSHIPS (UMES SCHOLARSHIPS) WITHTHE UNIVERSITY OF MARYLAND EASTERN SHORE (UMES) TO ASSIST UMES TO RECRUIT AND RETAIN THE HIGHEST CALIBER STUDENTS FOR ENROLLMENT INUMES' PGA GOLF MANAGEMENT PROGRAM. THE UMES SCHOLARSHIPPROVIDES FINANCIAL ASSISTANCE COVERING THE COSTS OF TUITION, ROOMAND BOARD, BOOKS AND A LAPTOP DURING THE DURATION OF THE STUDENT'SPARTICIPATION IN THE PROGRAM, CONTINGENT UPON ELIGIBILITYREQUIREMENTS CONTINUING TO BE MET.
IN CONNECTION WITH CAVES VALLEY GOLF CLUB'S AGREEMENT WITH THE PGA TOUR AND THE WESTERN GOLF ASSOCIATION TO HOST THE 2021 BMW CHAMPIONSHIP, THE FOUNDATION AGREED TO DONATE $2 MILLION TO THE EVANS...
IN CONNECTION WITH CAVES VALLEY GOLF CLUB'S AGREEMENT WITH THE PGA TOUR AND THE WESTERN GOLF ASSOCIATION TO HOST THE 2021 BMW CHAMPIONSHIP, THE FOUNDATION AGREED TO DONATE $2 MILLION TO THE EVANS SCHOLARS FOUNDATION TO SUPPORT THE EVANS SCHOLARS FOUNDATION AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK AND THE CAVES VALLEY EVANS SCHOLARSHIP HOUSE AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK. CAVES VALLEY GOLF CLUB AGREED TO ASSIST THE FOUNDATION IN RAISING AT LEAST $1 MILLION OF THE $2 MILLION DONATION. THE DONATION WAS CONTINGENT UPON THE 2021 BMW CHAMPIONSHIP BEING HELD AT CAVES VALLEY GOLF CLUB, WHICH OCCURRED IN AUGUST 2021. THE INITIAL DONATION OF $2 MILLION IS BEING PAID IN FOUR INSTALLMENTS OF $500,000, ENDING JUNE 2023. FOR EACH OF THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE FOUNDATION DONATED $500,000 TO THE EVANS SCHOLARS FOUNDATION.IN AUGUST 2022 CAVES VALLEY GOLF CLUB ENTERED INTO AN AGREEMENT WITH THE PGA TOUR AND THE WESTERN GOLF ASSOCIATION TO HOST THE 2025 BMW CHAMPIONSHIP. IN CONNECTION WITH THIS AGREEMENT, THE FOUNDATION HAS AGREED TO DONATE AN ADDITIONAL $3 MILLION TO THE EVANS SCHOLARS FOUNDATION TO SUPPORT THE EVANS SCHOLARS FOUNDATION AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK. THE DONATION WILL BE PAID IN THREE ANNUAL INSTALLMENTS OF $1 MILLION BEGINNING AUGUST 1, 2024 AND ENDING AUGUST 1, 2026. THE DONATION IS CONTINGENT UPON THE 2025 BMW CHAMPIONSHIP BEING HELD AT CAVES VALLEY GOLF CLUB. SHOULD THE EVANS SCHOLARS FOUNDATION BE UNSUCCESSFUL AT ESTABLISHING A PROGRAM AND SCHOLARSHIP HOUSE AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK, ANY AND ALL PAYMENTS RECEIVED BY THE EVANS SCHOLARS FOUNDATION FROM THE FOUNDATION PRIOR TO THE DATE OF THE DETERMINATION OF THE UNSUCCESSFUL PROGRAMS WILL BE USED TO FUND OTHER EVANS SCHOLARS FOUNDATION PROGRAMMING.
UNCONDITIONAL GRANTS MADE BY THE FOUNDATION TO FIRST TEE OF BALTIMORE, MARYLAND STATE GOLF ASSOCIATION, BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE AND OTHER ORGANIZATIONS AS LISTED ON SCHEDULE I.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $868,765 | $241,622 | +2.6% |
| Expenses | $980,541 | $892,567 | +0.1% |
| Net Income | $-111,776 | $-650,945 | -0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MR GARY L ATTMAN | CHAIRMAN | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| MR THEO C RODGERS | PRESIDENT | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| MR BRETT INGERMAN | SECRETARY | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| MR PRESTON ATHEY | TREASURER | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| MR STEVEN B FADER | TRUSTEE | 1.00 |
Director
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$0 | $0 | $0 |
| MR LAWRENCE MOODY | TRUSTEE | 1.00 |
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$0 | $0 | $0 |
| MR SCOTT E DORSEY | TRUSTEE | 1.00 |
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$0 | $0 | $0 |
| MR JM SCHAPIRO | TRUSTEE | 1.00 |
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $868,765 | $980,541 | $5,034,420 | $-111,776 |
| 2022 | $241,622 | $892,567 | $4,538,890 | $-650,945 |
| 2021 | $3,142,213 | $802,808 | $6,293,620 | $2,339,405 |
| 2020 | $856,888 | $729,732 | $3,695,823 | $127,156 |
| 2019 | $376,096 | $255,472 | $3,112,898 | $120,624 |
| 2018 | $1,052,291 | $787,536 | $2,505,688 | $264,755 |
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