Nonprofit · EIN 86-2975580
DIAMANTE FIRST TEE FOUNDATION
Tax-exempt · SOUTHLAKE, TX 76092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $398,646 | $496,144 | -$97,498 | $460,979 | $3,158 | $457,821 |
| December 31, 2024 | 990 | $625,644 | $606,171 | $19,473 | $599,328 | $51,518 | $547,810 |
| December 31, 2023 | 990 | $592,769 | $477,243 | $115,526 | $665,881 | $155,959 | $509,922 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $384,751
- Program service revenue
- $0
- Investment income
- $19,076
- Net income from fundraising events
- -$5,181
- Other revenue
- -$5,181
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,959
- Depreciation
- $3,781
- Program services (functional)
- $477,144
- Management and general (functional)
- $19,000
Balance sheet and other
- Total assets, start of year
- $599,328
- Total assets, end of year
- $460,979
- Total liabilities, end of year
- $3,158
- Net assets, end of year
- $457,821
- Land, buildings and equipment
- $21,422
- Publicly traded securities
- $322,749
- Net assets without donor restrictions
- $457,821
- Gross receipts
- $398,646
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- TX
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA PANOFF | DIRECTOR Trustee or director | 20 | $0 |
| KENNETH JOWDY | DIRECTOR Trustee or director | 2 | $0 |
| WALLACE JOYNER | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA PANOFF | DIRECTOR Trustee or director | 19.5 | $0 |
| KENNETH JOWDY | DIRECTOR Trustee or director | 2 | $0 |
| WALLACE JOYNER | DIRECTOR Trustee or director | 10.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Virginia Panoff | Director Trustee or director | 19.25 | $0 |
| Kenneth Jowdy | Director Trustee or director | 2.9 | $0 |
| Wallace Joyner | Director Trustee or director | 10.4 | $0 |
Address and contacts
- Address (IRS master file)
- 1207 S WHITE CHAPEL BLVD STE 150B, SOUTHLAKE, TX 76092-9314
- Principal officer (990 for 2025)
- VIRGINIA PANOFF, 12 RIVERIA COURT, TROPHY LAKE, TX 76262
- Signed the 990
- VIRGINIA PANOFF, DIRECTOR
- Phone
- (817) 337-5077
- Return prepared by
- ARDENT CPA
Mission
THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL.
Program accomplishments
- THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL. IN 2025 THERE WERE 32 SESSIONS FOR 4 HOURS EACH, SERVICING ABOUT 112 KIDS A SESSION TOTALING 3280 KIDS.
- THE CORPORATION IS ORGANIZED AND OPERATED TO PROVIDE FUNDING SUPPORT FOR THE CABO SAN LUCAS FIRST TEE WHICH INFLUENCES THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENRICHING VALUES, AND PROMOTE HEALTHY LESSONS THROUGH GOLF AS A LIFE TOOL. IN 2023 THERE WERE 33 SESSIONS FOR 4 HOURS EACH, SERVICING ABOUT 142 KIDS A SESSION TOTALING 4196 KIDS.Expenses $477,144
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 | 990 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
- 86-2975580
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N12)
- Assets (IRS master file)
- $460,979
- Income (IRS master file)
- $398,646
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $398,646 | $496,144 | $460,979 | XML |
| 990 | December 2024 | $625,644 | $606,171 | $599,328 | XML |
| 990 | December 2023 | $592,769 | $477,243 | $665,881 | XML |
| 990 | December 2022 | $561,522 | $591,409 | $537,280 | IRS |
| 990 | December 2021 | – | – | – | 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 86-2975580).
Questions about DIAMANTE FIRST TEE FOUNDATION
- What is the EIN of DIAMANTE FIRST TEE FOUNDATION?
- The employer identification number (EIN) of DIAMANTE FIRST TEE FOUNDATION is 86-2975580.
- Is DIAMANTE FIRST TEE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DIAMANTE FIRST TEE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIAMANTE FIRST TEE 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 DIAMANTE FIRST TEE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DIAMANTE FIRST TEE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DIAMANTE FIRST TEE FOUNDATION?
- The 990 for the year ended December 31, 2025 names VIRGINIA PANOFF.
- Who are the officers and directors of DIAMANTE FIRST TEE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does DIAMANTE FIRST TEE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $398,646, expenses of $496,144 and total assets of $460,979 at year end.
Other nonprofits in SOUTHLAKE
- HEART OF A CHAMPION EIN 75-2721125 · last filed 990 for 2024
- DRAGON TOUCHDOWN CLUB EIN 87-4839517 · last filed 990 for 2024
- DRAGON YOUTH FOOTBALL INC EIN 36-4791012 · last filed 990 for 2024
- NORTH TEXAS THUNDER WATER POLO EIN 27-5555694 · last filed 990 for 2025
- CARROLL EMERALD BELLES BOOSTER CLUB EIN 47-4868017 · last filed 990 for 2026
- CARROLL ATHLETIC BOOSTER CLUB EIN 75-2433556 · last filed 990 for 2025
- SOUTHLAKE CARROLL TARGET PROGRAM EIN 47-4739303 · last filed 990 for 2025
- LADY DRAGON LACROSSE ASSOCIATION EIN 84-3669734 · last filed 990-EZ for 2025