PROFESSIONAL GOLFERS ASSOCIATION OF CAROLINAS PGA SECTION

EIN: 560903216 Recreation & Sports

BROWNS SUMMIT, NC

Total Revenue
$3,700,878
Total Expenses
$3,415,181
Total Assets
$4,861,893
Net Assets
$4,015,810
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NC
Principal Officer
JEFFREY ABBOT
Phone
3363982742
Tax Period
2024-01-01 to 2024-12-31

PROFESSIONAL GOLFERS ASSOCIATION OF CAROLINAS PGA SECTION, founded in 1923, is a community nonprofit in the Recreation & Sports sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 8% surplus.

Mission

PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF WITHIN THE CAROLINAS AND TO CONTRIBUTE TO ITS GROWTH BY PROVIDING SERVICES TO GOLF PROFESSIONALS AND THE GOLF INDUSTRY WITHIN THE CAROLINAS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES SERVICES TO ITS MEMBERS IN NORTH AND SOUTH CAROLINA IN THE FORM OF PROVIDING, MANAGING AND SUPERVISING SANCTIONED GOLF TOURNAMENTS TO GOLF PROFESSIONALS AND THE GENERAL...

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THE ORGANIZATION PROVIDES SERVICES TO ITS MEMBERS IN NORTH AND SOUTH CAROLINA IN THE FORM OF PROVIDING, MANAGING AND SUPERVISING SANCTIONED GOLF TOURNAMENTS TO GOLF PROFESSIONALS AND THE GENERAL PUBLIC AND SPONSORS EDUCATIONAL PROGRAMS, CONDUCTS PGA QUALIFYING SCHOOLS AND PROMOTES THE VOCATION AND PARTICIPATION OF GOLF TO THE PROFESSIONAL GOLFING COMMUNITY, THE GOLFING INDUSTRY AND THE GENERAL PUBLIC.

Program 2

GROWTH OF THE GAME PROGRAMS: THE ORGANIZATION PROVIDES GOLFERS OF ALL ABILITIES WITH FUN, NON-INTIMIDATING GOLF FESTIVALS AND EVENTS WHICH PROMOTE GOLF AS A FUN FAMILY RECREATION, INCREASE FREQUENCY...

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GROWTH OF THE GAME PROGRAMS: THE ORGANIZATION PROVIDES GOLFERS OF ALL ABILITIES WITH FUN, NON-INTIMIDATING GOLF FESTIVALS AND EVENTS WHICH PROMOTE GOLF AS A FUN FAMILY RECREATION, INCREASE FREQUENCY OF PLAY AMONG GOLFERS, REACH AND ATTRACT NEW AND FORMER GOLFERS, HELP GOLFERS IMPROVE THEIR GAMES, EDUCATE GOLFERS HOW AND WHY TO GET PROPERLY FITTED GOLF EQUIPMENT AND PROMOTE PGA PROFESSIONALS AS EXPERT TEACHERS OF THE GAME.

Program 3

ANNUAL MERCHANDISE SHOW AND ANNUAL MEETING PROGRAMS: THE ORGANIZATION PROVIDES A PLATFORM FOR PGA PROFESSIONALS TO NETWORK WITH MANUFACTUREERS, REPRESENTATIVES AND COLLEAGUES AND ACCESS AND TEST THE...

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ANNUAL MERCHANDISE SHOW AND ANNUAL MEETING PROGRAMS: THE ORGANIZATION PROVIDES A PLATFORM FOR PGA PROFESSIONALS TO NETWORK WITH MANUFACTUREERS, REPRESENTATIVES AND COLLEAGUES AND ACCESS AND TEST THE LATEST GOLF EQUIPMENT, APPAREL AND ACCESSORIES, MAP MERCHANDISING AND GOLF INDUSTRY TRENDS AND PLAN PROGRAMS FOR THE COMING YEAR. THIS EVENT ENSURES THAT THE ATTENDEES WILL BE BETTER EQUIPPED AS GOLF PROFESSIONALS, AND THE MANUFACTUERERS AND REPRESENTATIVES WILL GAIN FACE TO FACE ACCESS TO PROFESSIONALS FOR NEW ORDERS AND RETAIL PARTNERING.

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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 $0
Program Service Revenue $3,505,610
Investment Income $152,518
Other Revenue $42,750
TOTAL REVENUE $3,700,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,418,751
Fundraising Expenses $0
Other Expenses $1,996,430
TOTAL EXPENSES $3,415,181

Year-over-Year Comparison

2024 2023 Change
Revenue $3,700,878 $3,144,502 +0.2%
Expenses $3,415,181 $3,173,487 +0.1%
Net Income $285,697 $-28,985 -10.9%
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
19
Independent Members
19
Employees
14
Volunteers
19

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
4
$429,200
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE LOVELL TOURNAMENT CHAIR 2.50
Director
$0 $0 $0
TOM DALE AT-LARGE DIRECTOR NC 2.50
Director
$0 $0 $0
KORY REITZ AT-LARGE DIRECTOR SC 2.50
Director
$0 $0 $0
MATT PAVIA MOUNTAINS DIRECTOR 2.50
Director
$0 $0 $0
DERON LEE LOWCOUNTRY DIRECTOR 2.50
Director
$0 $0 $0
SAVIO NAZARETH PIEDMONT DIRECTOR 2.50
Director
$0 $0 $0
BARRY PIERCE CHARLOTTE DIRECTOR 2.50
Director
$0 $0 $0
TOM VAN HOOGEN GRAND STRAND DIRECTOR 2.50
Director
$0 $0 $0
JASON CHERRY CAPE FEAR DIRECTOR 2.50
Director
$0 $0 $0
ROB PILEWSKI TRIANGLE DIRECTOR 2.50
Director
$0 $0 $0
JT SYMONS ATLANTIC DIRECTOR 2.50
Director
$0 $0 $0
CHASE BUTLER PALMETTO DIRECTOR 2.50
Director
$0 $0 $0
KYLE KIRK SANDHILLS DIRECTOR 2.50
Director
$0 $0 $0
JOSH WAGAMAN PRESIDENT 4.00
Officer Director
$0 $0 $0
JEFF AVANT VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BEN BRIDGERS SECRETARY 4.00
Officer Director
$0 $0 $0
CHRIS BYRD HONORARY PRESIDENT 4.00
Director
$0 $0 $0
SUZANNE MCCORMICK INDEPENDENT DIRECTOR 2.50
Director
$0 $0 $0
STAN LITTLE INDEPENDENT DIRECTOR 2.50
Director
$0 $0 $0
JEFFREY ABBOT EXECUTIVE DIRECTOR 50.00
Officer
$411,933 $17,267 $429,200
MICHAEL WHITENACK ASSISTANT EXECUTIVE DIRECT 40.00
Highest
$128,467 $9,440 $137,907
KURT BATTENBERG ASSISTANT EXECUTIVE DIRECT 40.00
Highest
$106,413 $8,759 $115,172
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 $3,700,878 $3,415,181 $4,861,893 $285,697
2023 $3,144,502 $3,173,487 $4,176,785 $-28,985
2022 $2,579,043 $2,656,543 $3,911,986 $-77,500
2021 $2,806,782 $2,457,589 $4,265,965 $349,193
2020 $1,923,768 $2,075,258 $3,841,322 $-151,490
2019 $2,636,114 $2,555,933 $4,021,797 $80,181
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