Nonprofit · EIN 58-1893478
TENNESSEE GOLF FOUNDATION
Tax-exempt · FRANKLIN, TN 37069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,626,823 | $9,803,749 | -$1,176,926 | $23,924,828 | $3,934,625 | $19,990,203 |
| December 31, 2023 | 990 | $6,635,508 | $7,686,573 | -$1,051,065 | $23,293,059 | $3,642,194 | $19,650,865 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,740,066
- of which government grants
- $1,808,403
- Program service revenue
- $4,431,263
- Investment income
- $52,401
- Net rental income
- $21,290
- Net gain from sales of assets
- -$229,026
- Net income from fundraising events
- $335,172
- Net income from sales of inventory
- $46,631
- Other revenue
- $403,093
Expenses
- Grants and similar amounts paid
- $271,282
- Compensation of officers, directors and key employees
- $307,662
- Other salaries and wages
- $2,808,811
- Salaries, compensation and benefits (total)
- $3,509,668
- Professional fundraising fees
- $0
- Accounting fees
- $18,000
- Occupancy
- $149,462
- Travel
- $133,727
- Depreciation
- $134,975
- Program services (functional)
- $5,806,340
- Management and general (functional)
- $3,613,199
- Fundraising (functional)
- $384,210
Balance sheet and other
- Total assets, start of year
- $23,293,059
- Total assets, end of year
- $23,924,828
- Total liabilities, end of year
- $3,934,625
- Net assets, end of year
- $19,990,203
- Land, buildings and equipment
- $1,564,394
- Publicly traded securities
- $21,897,003
- Net assets without donor restrictions
- $16,042,671
- Net assets with donor restrictions
- $3,947,532
- Gross unrelated business income
- $13,426
- Gross receipts
- $11,508,163
- Employees
- 0
- Volunteers
- 330
- Year formed
- 1990
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WHIT TURNBOW | PRESIDENT Officer | 40 | $287,231 | $20,431 |
| RICHARD HORTON | ADVISOR TO C Highest-paid employee | 10 | $224,191 | $11,956 |
| JIM SEABURY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHNNY BRIDGEMAN | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| JULIE FRIST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOEY HICKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE JENKINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD MARTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMISON MONROE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL REID | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LOREN ROBERTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STUART SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN TEETERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF TICKLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WHITNEY TURNBOW | PRESIDENT Officer | 40 | $260,987 | $19,152 |
| RICHARD HORTON | ADVISOR TO C Highest-paid employee | 10 | $232,276 | $12,722 |
| JIM SEABURY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHNNY BRIDGEMAN | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| JULIE FRIST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOEY HICKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE JENKINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD MARTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN TEETERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LOREN ROBERTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMISON MONROE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STUART SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF TICKLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL REID | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 FRANKLIN RD, FRANKLIN, TN 37069-8204
- Principal officer (990 for 2024)
- WHIT TURNBOW, 400 FRANKLIN ROAD, FRANKLIN, TN 37069
- Signed the 990
- WHIT TURNBOW, PRESIDENT
- Phone
- (615) 790-7600
- Website
- WWW.TNGOLF.ORG
- Return prepared by
- BLANKENSHIP CPA GROUP PLLC
Mission
TO PROMOTE GOLF AND ITS LIFE-ENHANCING VALUES WITH AN EMPHASIS ON TEACHING THE YOUTH, VETERANS AND THE DISADVANTAGED.
Program accomplishments
- IN 2021 THE TENNESSEE GOLF FOUNDATION STARTED OPERATING THE SIMMONS BANK OPEN TOURNAMENT. IT IS A KORN FERRY TOUR EVENT. THE KORN FERRY TOUR IDENTIFIES & DEVELOPS PLAYERS READY TO COMPETE & WIN. IT IS "THE PATH TO THE PGA TOUR". THE SIMMONS BANK OPEN WAS A 7 DAY EVENT IN 2024 WITH 563 PARTICIPANTS (PLAYERS, CADDIES, & VOLUNTEERS).Expenses $1,789,132 · grants $100,000 · revenue $1,387,849
- VARIOUS PROGRAMS SUCH AS GOLF TOURNAMENTS ARE PERFORMED EACH YEAR TO PROMOTE GOLF IN TN.Expenses $1,845,654 · grants $55,019 · revenue $627,903
- THE FIRST TEE PROGRAM STARTED IN 2001 IN NASHVILLE CONTINUES TO GROW. THERE ARE NOW 5 FIRST TEE CHAPTERS AND OVER 1,700 STUDENTS PARTICIPATED AT THE TENNESSEE FIRST TEE PROGRAMS IN NASHVILLE, CHATTANOOGA, MEMPHIS, KNOXVILLE, AND TRI-CITIES. THERE ARE 47 FIRST TEE LOCATIONS IN TN. OVER 1,700 STUDENTS PARTICIPATED AT THE TGF'S FIRST TEE TENNESSEE GOLF AND LIFE SKILLS PROGRAMS ACROSS THE STATE.Expenses $886,338 · grants $85,250 · revenue $404,551
- THE JUNIOR TOUR MISSION IS TO FOSTER THE GROWTH AND DEVELOPMENT OF JUNIOR GOLFERS OF VARYING AGES AND ABILITY LEVELS TO BE THE BEST PLAYERS, STUDENTS, AND CITIZENS ON AND OFF THE COURSE. IN 2024 THE JUNIOR TOUR HAD 1,980 MEMBERS. THERE WERE 206 EVENTS IN 100+ DAYS. THE 2024 JUNIOR GOLF ACADEMY WAS ATTENDED BY 256 JUNIOR GOLFERS, WITH 59 GIVEN FULL SCHOLARSHIPS BY THE TGF TOTALING 25,075. THE LITTLE COURSE CONTINUED TO PROVIDE AFFORDABLE, ACCESSIBLE JUNIOR AND FAMILY GOLF WITH OVER 28,000 ROUNDS PLAYED IN 2024. IN ADDITION OVER 2,000 YOUNG GOLFERS PARTICIPATED IN PROGRAMS TAUGHT AT THE LITTLE COURSE.Expenses $1,285,216 · grants $31,013 · revenue $2,057,591
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1893478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50Z)
- Assets (IRS master file)
- $23,924,828
- Income (IRS master file)
- $11,508,163
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,626,823 | $9,803,749 | $23,924,828 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,635,508 | $7,686,573 | $23,293,059 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $6,498,793 | $6,820,546 | $21,930,121 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1893478).
Questions about TENNESSEE GOLF FOUNDATION
- What is the EIN of TENNESSEE GOLF FOUNDATION?
- The employer identification number (EIN) of TENNESSEE GOLF FOUNDATION is 58-1893478.
- Is TENNESSEE GOLF FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to TENNESSEE GOLF FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TENNESSEE GOLF FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TENNESSEE GOLF FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TENNESSEE GOLF FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TENNESSEE GOLF FOUNDATION?
- The 990 for the year ended December 31, 2024 names WHIT TURNBOW.
- Who are the officers and directors of TENNESSEE GOLF FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $287,231 (WHIT TURNBOW, PRESIDENT).
- How much revenue does TENNESSEE GOLF FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,626,823, expenses of $9,803,749 and total assets of $23,924,828 at year end.
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