FSGA FOUNDATION INC

EIN: 851100206 501(c)(3) Recreation & Sports

TAMPA, FL

Total Revenue
$4,987,309
Total Expenses
$505,167
Total Assets
$37,166,478
Net Assets
$37,166,478
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
JAMES E DEMICK
Phone
8136323742
Tax Period
2024-01-01 to 2024-12-31

FSGA FOUNDATION INC, founded in 2020, is a community nonprofit in the Recreation & Sports sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $4.5M, a strong 90% operating margin.

Mission

TO FUNDRAISE FOR AND OTHERWISE SUPPORT AND BENEFIT THE FLORIDA STATE GOLF ASSOCIATION, INC.

Program Service Accomplishments

Program 1
Expenses: $501,293

THE ORGANIZATION WAS CREATED TO FUNDRAISE FOR AND OTHERWISE SUPPORT AND BENEFIT THE FLORIDA STATE GOLF ASSOCIATION, INC.

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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 $4,243,221
Program Service Revenue $0
Investment Income $744,088
Other Revenue $0
TOTAL REVENUE $4,987,309

Expense Breakdown

Grants Paid $400,474
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $501,293
Other Expenses $104,693
TOTAL EXPENSES $505,167

Year-over-Year Comparison

2024 2023 Change
Revenue $4,987,309 $5,856,810 -0.1%
Expenses $505,167 $442,014 +0.1%
Net Income $4,482,142 $5,414,796 -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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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
15

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
3
$131,904
Total Directors
6
$131,904
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES E DEMICK PRESIDENT 20.00
Officer Director
$0 $16,944 $131,904
CHARLES PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
STEVEN R CARTER DIRECTOR 1.00
Director
$0 $0 $0
TAFFY BROWER DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY M CAPANO VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
MAURICE C GALLANT SECRETARY AND TREASURER 4.00
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 $4,987,309 $505,167 $37,166,478 $4,482,142
2023 $5,856,810 $442,014 $29,141,818 $5,414,796
2022 $3,177,776 $368,321 $20,607,490 $2,809,455
2021 $20,591,870 $207,639 $22,037,862 $20,384,231
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