U S Kids Golf Foundation Inc in Norcross, Georgia (GA)

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U S Kids Golf Foundation Inc
Employer Identification Number (EIN)800025870
Name of OrganizationU S Kids Golf Foundation Inc
Address3040 Northwoods Pkwy, Norcross, GA 30071-1523
SubsectionEducational Organization
Ruling Date05/2004
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,012,675
Amount of Income$5,118,264
Form 990 Revenue Amount$3,035,493
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Golf


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Amount of income in 2013: $5,118,264 (it was $3,821,631 in 2012)
U S Kids Golf Foundation Inc: 

 $5,118,264
Other organizations performing similar types of work: 

 $85,046

Assets in 2013: $2,012,675 (it was $1,288,589 in 2012)
U S Kids Golf Foundation Inc: 

 $2,012,675
Other organizations performing similar types of work: 

 $40,564

Expenses in 2013: $4,157,339
U S Kids Golf Foundation Inc: 

 $4,157,339
Other organizations performing similar types of work: 

 $78,528

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.0

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$4,625,187$27,512$4,626,008
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$27,512
Gross rents$0
Gross sales price for all assets$103,492
Gross profit from sales of goods$343,963
Gross sales less returns and allowances$-44,801
Less: Cost of goods sold$388,764
Other income$4,254,533
Total expenses and disbursements$4,157,339$10,668$33,557$4,113,116
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$54,096
Legal fees$0
Accounting fees$4,822
Interest$0
Depreciation$26,224
Occupancy$29,435
Travel, conferences, and meetings$65,964
Printing and publications$0
Total operating and administrative expenses$4,157,339$10,668$4,113,116
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$467,848
Net investment income$16,844
Adjusted net income$4,592,451
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$756,873$538,561$1,288,589$1,023,279$2,012,675$1,847,824
Cash - non-interest-bearing$537,031$1,023,279$472,544
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$152,917$41,651
Total liabilities$241,670$282,200$538,438
Mortgages and other notes payable$0$0$0
Other liabilities$60,741$232,316
Total liabilities and net assets/fund balances$515,203$1,006,389$1,474,237
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$-821
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$16$27$337
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$27$337
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$469,401$780,157$1,292,093
Net value of noncharitable-use assets$768,455$1,272,712
Minimum investment return$23,118$38,423$63,636
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$63,636$38,423$23,118$26,677$151,854
Qualifying distributions made directly for active conduct of exempt activities$4,113,116$3,306,068$2,884,719$2,382,527$12,686,430
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$42,424$25,615$15,412$17,785$101,236
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
$0$4,254,533
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$27,512$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1U S Kids Golf Foundation Inc3040 Northwoods Pkwy, Norcross, GA 30071-1523GA2004-05$5,118,264
2Uga Tee Off Club IncPO BOX 1472, Athens, GA 30603-1472GA1999-09$213,819
3Woodmont Junior Golf Inc929 Ravenwood Way, Canton, GA 30115-6425GA2003-04$56,160
4Mill Creek High School Golf Booster Club Inc4400 Braselton Highway 124, Hoschton, GA 30548-1621GA2015-03$19,399
5Project One Junior Golf Academy Inc460 Lynn Valley Rd Sw, Atlanta, GA 30311-2359GA2010-08$12,450
6Atlanta Senior Golfers Inc2638 Manor Pl, Ellenwood, GA 30294GA2007-11$0
7Augusta Kids Golf Foundation4921 Columbia Rd, Grovetown, GA 30813-5237GA2000-01$0
8Bowden Mens Senior Golf Association53 Austin Estates, Juliette, GA 31046GA2012-06$0
9Central City Opus One Inc6520 Rosewell Rd 21, Atlanta, GA 30328GA2001-01$0
10Classic City Golfers Association IncPo Box 80743, Athens, GA 30608GA2012-03$0
11Coffee Trojan Golf Boosters Inc159 Trojan Way, Douglas, GA 31533-8263GA2012-08$0
12First Tee Of Macon Inc588 Billingswood Drive, Macon, GA 31210GA2002-12$0
13Fred Haskins Commission Inc5637 Whitesville Rd, Columbus, GA 31914GA2009-04$0
14Georgia Red Tee Club Inc2600 Riverbend Rd, Athens, GA 30602GA2011-09$0
15Golden Isles Leadership Foundation Inc100 Retreat Drive, St Simons Island, GA 31522GA2013-08$0
16Green2green Inc, Green2green Foundation3731 Wrightsboro Rd Ste A, Augusta, GA 30909-9541GA2011-07$0
17Hart Junior Golf Society Inc420 Highland Ave, Hartwell, GA 30643-4343GA2014-07$0
18Imagine 7 Inc1195 Milton Ter Se Apt 5202, Atlanta, GA 30315-2433GA2008-04$0
19Landings Amateur Athletic Foundation Inc50 Shellwind Drive, Savannah, GA 31411GA2010-04$0
20Metro Junior-Senior Golf League Inc1646 Athens Ave Sw, Atlanta, GA 30310-4742GA2003-02$0
Number of organizations performing similar types of work
Alaska6
Alabama20
Arkansas12
Arizona23
California123
Colorado23
Connecticut8
District of Columbia4
Delaware3
Florida68
Georgia38
Hawaii13
Iowa11
Idaho4
Illinois21
Indiana10
Kansas10
Kentucky16
Louisiana18
Massachusetts14
Maryland19
Maine3
Michigan25
Minnesota15
Missouri24
Mississippi8
Montana6
North Carolina30
North Dakota8
Nebraska12
New Hampshire4
New Jersey20
New Mexico13
Nevada11
New York30
Ohio29
Oklahoma12
Oregon8
Pennsylvania20
Rhode Island4
South Carolina19
South Dakota8
Tennessee13
Texas69
Utah5
Virginia15
Vermont4
Washington21
Wisconsin11
West Virginia7
Wyoming1
International3
Total922

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