2025-08-21T16:25:48-04:00 2025-06-30 581445724 LONG & LONG CPA PC 201 CHURCH STREET LAGRANGE GA 302402711 990 2024-07-01 586452519 TROUP COUNTY RECREATION ENDOWMENT TROU 7068831610 100 RIDLEY AVE LAGRANGE GA 30240 PAUL S PENN III CHAIRMAN 7068831610 2025-08-05 true true WESLEY E LONG III CPA P01875543 7068847331 2025-08-05 2024 2025-03-06 01:10:19Z PAUL S PENN III 5288984 false X X GA THE EXCLUSIVE PURPOSE OF THE TROUP COUNTY RECREATION ENDOWMENT FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA (A RELATED PARTY) IN MAINTAINING PROPOSED RECREATIONAL ADDITIONS AND IMPROVEMENTS. TROUP COUNTY, GEORGIA HAS RECEIVED A PLEDGE FROM CALLAWAY FOUNDATION, INC. FOR 7,000,000, PAYABLE OVER A THREE YEAR PERIOD SUBJECT TO TROUP COUNTY, GEORGIA CREATING THE TROUP COUNTY RECREATION ENDOWMENT FUND TO HOLD AND MANAGE THE FUNDS. FIVE PERCENT OF THE FUND BALANCE WILL BE MADE AVAILABLE ANNUALLY TO TROUP COUNTY, GEORGIA TO PAY FOR THE OPERATING EXPENDITURES OF NEW RECREATIONAL FACILITIES TO BE BUILT. 5 5 0 0 0 0 278370 627337 0 278370 627337 465404 480547 0 0 0 0 0 465404 480547 -187034 146790 9605960 10047306 0 9605960 10047306 X THE EXCLUSIVE PURPOSE OF THE TROUP COUNTY RECREATION ENDOWMENT FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA (A RELATED PARTY) IN MAINTAINING PROPOSED RECREATIONAL ADDITIONS AND IMPROVEMENTS. TROUP COUNTY, GEORGIA HAS RECEIVED A PLEDGE FROM CALLAWAY FOUNDATION, INC. FOR 7,000,000, PAYABLE OVER A THREE YEAR PERIOD SUBJECT TO TROUP COUNTY, GEORGIA CREATING THE TROUP COUNTY RECREATION ENDOWMENT FUND TO HOLD AND MANAGE THE FUNDS. FIVE PERCENT OF THE FUND BALANCE WILL BE MADE AVAILABLE ANNUALLY TO TROUP COUNTY, GEORGIA TO PAY FOR THE OPERATING EXPENDITURES OF NEW RECREATIONAL FACILITIES TO BE BUILT. false false 480547 480547 DISTRIBUTION TO TROUP COUNTY, GEORGIA 480547 true false false false false false false false false true false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false X 5 5 false false false false false false false true true false false false false false false false false false GA ERIC MOSELY 7068831670 100 RIDLEY AVE LAGRANGE GA 30240 X JEROME ALFORD TRUSTEE 1.00 X 0 0 0 PATRICK CREWS TRUSTEE 1.00 X 0 0 0 ANDY FRITCHLEY TRUSTEE 1.00 X 0 0 0 PAUL S PENN III CHAIRMAN 1.00 X X 0 0 0 CHARLES D HUDSON JR TRUSTEE 1.00 X 0 0 0 false false false 363849 363849 4925135 4661647 263488 263488 263488 627337 263488 363849 480547 480547 480547 480547 0 0 9605960 10047306 9605960 10047306 0 0 X 9605960 10047306 9605960 10047306 9605960 10047306 146790 344166 -49610 X false true X true false X X 1 TROUP COUNTY GEORGIA TROUP COUNTY GEORGIA 586000896 6 true 480547 0 1 480547 0 true false false false false false false false false false false false false false false true false 9605960 971503 480547 49610 10047306 8892423 1230338 465404 51397 9605960 8535541 862242 465647 39713 8892423 10473952 -1452421 435491 50499 8535541 8640239 2292115 410230 48172 10473952 0.69670 0.30330 false false X 921893 344166 344166 577727 49610 49610 627337 480547 480547 480547 SCHEDULE D, PAGE 2, PART V, LINE 4 THE EXCLUSIVE PURPOSE OF THE FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA IN OPERATING AND MAINTAINING EXISTING RECREATIONAL FACILITIES TO BE IMPROVED AND NEW FACILITIES TO BE CONSTRUCTED. THE FUND RECEIVED AN INITIAL GRANT FROM THE CALLAWAY FOUNDATION, INC. TOTALING 7,000,000. THE NET ASSETS OF THE FUND ARE CLASSIFIED AS DONOR RESTRICTED. THE TERMS OF THE GRANT RECEIVED FROM THE CALLAWAY FOUNDATION, INC. ALLOW THE TRUSTEES OF THE FUND TO DISTRIBUTE UP TO FIVE PERCENT (5%) OF THE FAIR MARKET VALUE OF THE TRUST ASSETS TO TROUP COUNTY, GEORGIA ON AN ANNUAL BASIS, IN ACCORDANCE WITH THE TRUST AGREEMENT AS FOLLOWS: AFTER THE FUND HAS BEEN IN EXISTENCE FOR SEVEN YEARS, THE AMOUNT OF EACH ANNUAL DISTRIBUTION SHALL NOT EXCEED FIVE PERCENT (5%) OF THE AVERAGE FAIR MARKET VALUE OF THE TRUST ASSETS OVER THE PRECEDING FIVE (5) YEARS, DETERMINED AT DECEMBER 31 OF EACH YEAR. SCHEDULE D, PAGE 3, PART X FASB ASC 740-010, INCOME TAXES, ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, TROUP COUNTY RECREATION ENDOWMENT FUND MAY RECOGNIZE THE TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FUND AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. false TROUP COUNTY GOVERNMENT GOV 480547 RECREATION SUPPORT FORM 990 - ORGANIZATION'S MISSION THE EXCLUSIVE PURPOSE OF THE TROUP COUNTY RECREATION ENDOWMENT FUND IS TO CONTRIBUTE TO AND SUPPORT THE EXPENSES OF TROUP COUNTY, GEORGIA (A RELATED PARTY) IN MAINTAINING PROPOSED RECREATIONAL ADDITIONS AND IMPROVEMENTS. TROUP COUNTY, GEORGIA HAS RECEIVED A PLEDGE FROM CALLAWAY FOUNDATION, INC. FOR 7,000,000, PAYABLE OVER A THREE YEAR PERIOD SUBJECT TO TROUP COUNTY, GEORGIA CREATING THE TROUP COUNTY RECREATION ENDOWMENT FUND TO HOLD AND MANAGE THE FUNDS. FIVE PERCENT OF THE FUND BALANCE WILL BE MADE AVAILABLE ANNUALLY TO TROUP COUNTY, GEORGIA TO PAY FOR THE OPERATING EXPENDITURES OF NEW RECREATIONAL FACILITIES TO BE BUILT. FORM 990, PAGE 6, PART VI, LINE 11B TAX RETURN WAS PRESENTED AND APPROVED BY THE BOARD OF DIRECTORS ALONG WITH THE AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS MADE AVAILABLE UPON REQUEST.