CAROLINAS GOLF FOUNDATION

EIN: 591761556 501(c)(3)

SOUTHERN PINES, NC

Total Revenue
$314,319
Total Expenses
$188,671
Total Assets
$817,053
Net Assets
$817,053
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
ANDY PRIEST
Phone
9106731000
Tax Period
2024-01-01 to 2024-12-31

CAROLINAS GOLF FOUNDATION, founded in 1977, is a small nonprofit that reported $314K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 40% operating margin.

Mission

THE CAROLINAS GOLF FOUNDATION WAS FORMED BY THE CAROLINAS GOLF ASSOCIATION IN 1977 TO PROVIDE SCHOLARSHIPS AND FUNDING FOR A VARIETY OF CAROLINAS-BASED GOLF INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $184,400 Revenue: $506,578

THE FOUNDATION'S SCHOLARSHIP PROGRAM SUPPORTS STUDENTS WHO ARE ASPIRING TO BECOME GOLF SUPERINTENDENTS AND TURFGRASS MANAGERS IN THE CAROLINAS. THE CAROLINAS GOLF FOUNDATION UNDERWRITES GRANTS TO...

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THE FOUNDATION'S SCHOLARSHIP PROGRAM SUPPORTS STUDENTS WHO ARE ASPIRING TO BECOME GOLF SUPERINTENDENTS AND TURFGRASS MANAGERS IN THE CAROLINAS. THE CAROLINAS GOLF FOUNDATION UNDERWRITES GRANTS TO TURFGRASS MAJORS AT CLEMSON UNIVERSITY AND NORTH CAROLINA STATE UNIVERSITY. INDIVIDUAL GRANTS VARIED IN VALUE UP TO $2,000. CHARLES E. LYNCH JR., CGA COUNSEL, NOTED, "THIS YEAR'S WINNERS ARE THE MEN AND WOMEN WHO WILL DIRECT TOMORROW'S TURF PROGRAMS. THEY WILL DISCOVER SOLUTIONS FOR FUTURE TURFGRASS PROBLEMS. WE ARE PLEASED TO PARTICIPATE IN ENDOWING THIS ONGOING PROGRAM." THE CAROLINAS GOLF FOUNDATION FIRST OFFERED SCHOLARSHIP AID TO TURFGRASS MAJORS IN 1977. THE FOUNDATION ALSO STARTED A MORE EXPANSIVE SCHOLARSHIP PROGRAM IN 2020 BY GIVING $25,000 TO SEVERAL STUDENTS WHO EXCEL IN GRADE, COMMUNITY WORK AND WHO ALSO HAVE AN INTEREST IN GOLF. THE CAROLINAS GOLF FOUNDATION HAS PROVIDED MORE THAN $1,500,000 OVER THE LAST 37 YEARS FOR VARIOUS PROJECTS AND SCHOLARSHIPS. A PARTIAL LIST OF THE GROUPS THE CAROLINAS GOLF FOUNDATION HAS PROVIDED WITH FINANCIAL BACKING AND RESOURCES: CAROLINAS PGA, CHALLENGED GOLFERS NETWORK, CLEMSON SCHOLARSHIPS, CGCSA ROUND4RESEARCH, FAIRWAY OUTREACH, HARRIS YMCA, LPGA/USGA GIRLS PROGRAMS, MYRTLE BEACH JUNIOR GOLF FOUNDATION, NC STATE SCHOLARSHIPS, NCWGA, SEVEN FIRST TEE PROGRAMS, SALVATION ARMY PROJECT, SC JUNIOR GOLF ASSOCIATION, SIX COMMUNITY COLLEGE PROGRAMS, TRIAD YOUTH GOLF FOUNDATION, WCGA, WILMINGTON JUNIOR GOLF ACADEMY, WSCGA FOUNDATION, YOUTH ON COURSE, AND GENERAL SCHOLARSHIPS.

Program 2

THE FOUNDATION HAS DONATED TO VARIOUS JUNIOR GOLF PROGRAMS INCLUDING OVER NINE CAROLINAS FIRST-TEE PROGRAMS, SEVERAL CITY-WIDE DEVELOPMENTAL PROGRAMS, THE SOUTH CAROLINA JUNIOR GOLF ASSOCIATION, THE...

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THE FOUNDATION HAS DONATED TO VARIOUS JUNIOR GOLF PROGRAMS INCLUDING OVER NINE CAROLINAS FIRST-TEE PROGRAMS, SEVERAL CITY-WIDE DEVELOPMENTAL PROGRAMS, THE SOUTH CAROLINA JUNIOR GOLF ASSOCIATION, THE WOMEN'S SOUTH CAROLINA GOLF ASSOCIATION, YOUTH ON COURSE AND MANY OTHER START-UP INITIATIVES.

Program 3

THE CAROLINAS GOLF FOUNDATION ALSO CONCENTRATES RESEARCH GRANT AID AT CLEMSON UNIVERSITY AND NORTH CAROLINA STATE UNIVERSITY THROUGH ROUNDS4RESEARCH.

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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 $506,579
Program Service Revenue $0
Investment Income $14,702
Other Revenue $-206,962
TOTAL REVENUE $314,319

Expense Breakdown

Grants Paid $184,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $184,400
Other Expenses $4,271
TOTAL EXPENSES $188,671

Year-over-Year Comparison

2024 2023 Change
Revenue $314,319 $217,222 +0.4%
Expenses $188,671 $191,243 0.0%
Net Income $125,648 $25,979 +3.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
30

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
7
$250,922
Total Directors
7
$250,922
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN NANCE EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $32,208 $250,922
CHARLES LYNCH LEGAL COUNSEL 0.00
Officer Director
$0 $0 $0
KELLY MILLER SECRETARY 0.00
Officer Director
$0 $0 $0
LAWRENCE HICKS TREASURER 0.00
Officer Director
$0 $0 $0
MARION MOORE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MIKE SMITH 1ST PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
RICK RIDDLE PRESIDENT 0.00
Officer 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 $314,319 $188,671 $817,053 $125,648
2023 $217,222 $191,243 $691,405 $25,979
2022 $203,192 $185,171 $665,477 $18,021
2021 $168,558 $171,301 $647,456 $-2,743
2020 $299,542 $156,874 $650,199 $142,668
2020 $299,542 $156,874 $650,199 $142,668
2019 $205,867 $142,400 $507,531 $63,467
2018 $396,417 $98,500 $444,064 $297,917
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