THE TEXAS GOLF ASSOCIATION FOUNDATION

EIN: 752829588 501(c)(3)

ADDISON, TX

Total Revenue
$993,988
Total Expenses
$770,935
Total Assets
$1,138,971
Net Assets
$1,078,590
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
STACY DENNIS
Phone
2144688942
Tax Period
2024-01-01 to 2024-12-31

THE TEXAS GOLF ASSOCIATION FOUNDATION, founded in 1999, is a small nonprofit that reported $994K in total revenue in fiscal year 2024. The organization ran a surplus of $223K, a strong 22% operating margin.

Mission

TO PROMOTE AND EXPAND COMMUNITY AWARENESS OF THE GAME OF GOLF IN TEXAS THROUGH PROGRAMS SERVING JUNIOR GOLFERS AND THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1
Expenses: $705,192 Revenue: $672,385

THE LEGENDS JUNIOR TOUR PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE FROM A VARIETY OF ECONOMICALLY AND CULTURALLY DIVERSE BACKGROUNDS TO PLAY GOLF. THIS YEAR, THE FOUNDATION'S LEGENDS JUNIOR TOUR HAD...

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THE LEGENDS JUNIOR TOUR PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE FROM A VARIETY OF ECONOMICALLY AND CULTURALLY DIVERSE BACKGROUNDS TO PLAY GOLF. THIS YEAR, THE FOUNDATION'S LEGENDS JUNIOR TOUR HAD APPROXIMATELY 1,971 JUNIOR PLAYERS, CONSISTING OF MALE AND FEMALE GOLFERS FROM AGES 12 TO 18, COMPETE IN 30 TWO AND THREE DAY COMPETITIONS THROUGHOUT THE YEAR.

Program 2
Expenses: $6,205

PROVIDE FINANCIAL ASSISTANCE THROUGH 5 SCHOLARSHIP AWARDS AND DONATIONS TO DEVELOPMENT PROGRAMS.

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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 $294,261
Program Service Revenue $672,385
Investment Income $27,342
Other Revenue $0
TOTAL REVENUE $993,988

Expense Breakdown

Grants Paid $6,205
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $711,397
Other Expenses $764,730
TOTAL EXPENSES $770,935

Year-over-Year Comparison

2024 2023 Change
Revenue $993,988 $953,078 +0.0%
Expenses $770,935 $764,962 +0.0%
Net Income $223,053 $188,116 +0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
48

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
$343,757
Total Directors
13
$343,757
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACY DENNIS SECRETARY, EXECUTIVE DIREC 0.80
Officer Director
$0 $21,392 $343,757
SUZAN KNOX PRESIDENT 0.40
Officer Director
$0 $0 $0
MICHAEL STUART VICE PRESIDENT 0.80
Officer Director
$0 $0 $0
MIKE BOOKER TREASURER 0.40
Officer Director
$0 $0 $0
SCOTT BEATY DIRECTOR 0.05
Director
$0 $0 $0
ROB COUTURE DIRECTOR 0.80
Director
$0 $0 $0
DONNA BRADY DIRECTOR 0.40
Director
$0 $0 $0
CAREY SCHULTEN DIRECTOR 0.05
Director
$0 $0 $0
LOREN SINGLETARY DIRECTOR 0.80
Director
$0 $0 $0
TITUS HARRIS III DIRECTOR 0.80
Director
$0 $0 $0
LEE SANDLIN DIRECTOR 0.40
Director
$0 $0 $0
RONALD NORMAN DIRECTOR 0.40
Director
$0 $0 $0
JIM BROWN DIRECTOR 0.05
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
2025 No data No data No data No data
2024 $993,988 $770,935 $1,138,971 $223,053
2023 $953,078 $764,962 $942,742 $188,116
2022 $856,934 $712,189 $738,106 $144,745
2021 $831,747 $696,593 $576,153 $135,154
2020 $642,178 $686,380 $454,653 $-44,202
2019 $658,101 $644,273 $443,753 $13,828
2018 $573,513 $532,909 $451,179 $40,604
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