COPPERHEAD CHARITIES INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- COPPERHEAD CHARITIES INC (EIN 59-2319162)
- Tax period
- 2020-06-01 to 2021-05-31
- Filed
- 2022-04-15
- IRS object ID
- 202221059349300407
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-15T08:47:52-05:00 | ReturnTs |
| Tax Period End | 2021-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 593040705 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIVERO GORDIMER & COMPANY PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 172359 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33672 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592319162 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COPPERHEAD CHARITIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COPP | BusinessNameControlTxt |
| Phone | 7279425566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36750 US HIGHWAY 19 NORTH | AddressLine1Txt |
| City | PALM HARBOR | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34684 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRACY WEST | PersonNm |
| Person Title | TOURNAMENT DIRECTOR | PersonTitleTxt |
| Phone | 7279425566 | PhoneNum |
| Signature | 2022-01-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TRACY | PersonFirstNm |
| Person Last | WEST | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SAM A LAZZARA | PreparerPersonNm |
| PTIN | P01342929 | PTIN |
| Phone | 8138757774 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALSPAR CHAMPIONSHIP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TRACY WEST | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36750 US HIGHWAY 19 NORTH | AddressLine1Txt |
| City | PALM HARBOR | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34684 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,333,145 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | VALSPARCHAMPIONSHIP.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1977 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE AID TO TAMPA BAY CHARITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 2000 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,392,560 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,931,514 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $146,167 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,370,644 | CYProgramServiceRevenueAmt |
| PY Investment Income | $34,223 | PYInvestmentIncomeAmt |
| CY Investment Income | $30,987 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $7,572,950 | PYTotalRevenueAmt |
| CY Total Revenue | $12,333,145 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,405,568 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,657,002 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,388,922 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,588,678 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $8,159,324 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,089,101 | PYOtherExpensesAmt |
| CY Other Expenses | $8,808,856 | CYOtherExpensesAmt |
| PY Total Expenses | $7,883,591 | PYTotalExpensesAmt |
| CY Total Expenses | $12,054,536 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$310,641 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $278,609 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,857,577 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,724,510 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,949,720 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,294,429 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,907,857 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,430,081 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE AID TO TAMPA BAY AREA CHARITIES THROUGH FUNDRAISING EVENTS CENTERED AROUND PROFESSIONAL GOLF. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,519,508 | ExpenseAmt |
| Grant | $1,657,002 | GrantAmt |
| Revenue | $7,370,644 | RevenueAmt |
| Desc | BIRDIES FOR TAMPA BAY CHARITIES IS DESIGNED TO GIVE PARTICIPATING 501(C)(3) CHARITIES THE OPPORTUNITY TO GENERATE CONTRIBUTIONS FOR THEIR ORGANIZATIONS BASED ON THE NUMBER OF "BIRDIES" MADE BY CONTESTANTS DURING THE VALSPAR CHAMPIONSHIP (A PGA TOUR EVENT). THE ORGANIZATION HAS GENERATED OVER $47 MILLION FOR CHARITIES, PRIMARILY IN THE TAMPA BAY AREA, WHILE ALSO STAGING THE AMENITIES FOR GOLF FANS TO VIEW THE BEST IN PGA TOUR COMPETITION EACH MARCH ON THE COPPERHEAD COURSE AT INNISBROOK RESORT IN PALM HARBOR, FLORIDA. AN INDEPENDENT ECONOMIC IMPACT STUDY PERFORMED IN JULY 2015 BY THE UNIVERSITY OF SOUTH FLORIDA COLLEGE OF BUSINESS SPORT AND ENTERTAINMENT MANAGEMENT PROGRAM AND SPORTSECONOMICS, LLC FOUND THAT TOURNAMENT ACTIVITIES TRANSLATE TO AN ANNUAL ECONOMIC IMPACT OF OVER $51 MILLION TO THE TAMPA BAY AREA. | Desc |
| Total Program Service Expenses | $3,519,508 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7279425566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36750 US HIGHWAY 19 NORTH | AddressLine1Txt |
| City | PALM HARBOR | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34684 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JIM EISCH | |||||||
| GENERAL CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RONDE BARBER | |||||||
| VICE CHAIR | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LISA SMITHSON | |||||||
| SECRETARY & TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TRACY WEST | |||||||
| TOURNAMENT DIRECTOR | 40.00 | Yes (X) | $322,520 | $0 | $0 | ||
| KEITH ROBINSON | |||||||
| IMMEDIATE PAST CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN MOSHER | |||||||
| MEMBERSHIP CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN COURIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETE JONES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RAY BOUCHARD | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HOLLIS CAVNER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RONICE BARLOW | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN ASTRAB | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DOUG WOOLARD | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM GATES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN DOYLE JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RON PETRINI | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALLIE CANTONIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS SULLIVAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALYSSA RHODES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES HARRISON | |||||||
| SALES MARKETING DIRECTOR | 40.00 | $208,992 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $531,512 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRO LINKS SPORTS OF TAMPA LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 758 NORTH US HWY 1 | AddressLine1Txt |
| City | TEQUESTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33649 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | EVENT MANAGEMENT | ServicesDesc |
| Compensation | $491,223 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $133,917 | MembershipDuesAmt |
| Government Grants | $164,500 | GovernmentGrantsAmt |
| All Other Contributions | $4,633,097 | AllOtherContributionsAmt |
| Total Contributions | $4,931,514 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TOURNAMENT SALES | Desc |
| Business | 713990 | BusinessCd |
| Total Revenue Column | $7,368,228 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,368,228 | RelatedOrExemptFuncIncomeAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,416 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,416 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,370,644 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,245 | TotalRevenueColumnAmt |
| Exclusion | $22,245 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,742 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,742 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,742 | TotalRevenueColumnAmt |
| Exclusion | $8,742 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,333,145 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,370,644 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $30,987 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,657,002 | TotalAmt |
| Program Services | $1,657,002 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $531,512 | TotalAmt |
| Program Services | $93,015 | ProgramServicesAmt |
| Management And General | $72,445 | ManagementAndGeneralAmt |
| Fundraising | $366,052 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $778,941 | TotalAmt |
| Program Services | $136,315 | ProgramServicesAmt |
| Management And General | $106,170 | ManagementAndGeneralAmt |
| Fundraising | $536,456 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,797 | TotalAmt |
| Program Services | $35,839 | ProgramServicesAmt |
| Management And General | $27,914 | ManagementAndGeneralAmt |
| Fundraising | $141,044 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,428 | TotalAmt |
| Program Services | $12,850 | ProgramServicesAmt |
| Management And General | $10,009 | ManagementAndGeneralAmt |
| Fundraising | $50,569 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,850 | TotalAmt |
| Management And General | $20,850 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,310 | TotalAmt |
| Program Services | $16,632 | ProgramServicesAmt |
| Management And General | $20,730 | ManagementAndGeneralAmt |
| Fundraising | $24,948 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,364 | TotalAmt |
| Program Services | $32,473 | ProgramServicesAmt |
| Fundraising | $129,891 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,377 | TotalAmt |
| Program Services | $4,270 | ProgramServicesAmt |
| Management And General | $9,886 | ManagementAndGeneralAmt |
| Fundraising | $39,221 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,937 | TotalAmt |
| Program Services | $3,035 | ProgramServicesAmt |
| Management And General | $1,137 | ManagementAndGeneralAmt |
| Fundraising | $33,765 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,695 | TotalAmt |
| Program Services | $2,269 | ProgramServicesAmt |
| Management And General | $5,674 | ManagementAndGeneralAmt |
| Fundraising | $14,752 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,846 | TotalAmt |
| Program Services | $2,046 | ProgramServicesAmt |
| Management And General | $1,169 | ManagementAndGeneralAmt |
| Fundraising | $2,631 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,307 | TotalAmt |
| Program Services | $23,192 | ProgramServicesAmt |
| Management And General | $54,115 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,463 | TotalAmt |
| Program Services | $9,147 | ProgramServicesAmt |
| Management And General | $22,865 | ManagementAndGeneralAmt |
| Fundraising | $59,451 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,110 | TotalAmt |
| Program Services | $10,222 | ProgramServicesAmt |
| Fundraising | $40,888 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| TOURNAMENT EXPENSES | $5,011,253 | $1,002,250 | $0 | $4,009,003 |
| TOURNAMENT PRIZE MONEY | $3,164,000 | $474,600 | $0 | $2,689,400 |
| MISCELLANEOUS | $48,344 | $4,351 | $22,740 | $21,253 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,054,536 | TotalAmt |
| Program Services | $3,519,508 | ProgramServicesAmt |
| Management And General | $375,704 | ManagementAndGeneralAmt |
| Fundraising | $8,159,324 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $743,684 | BOYAmt |
| EOY | $330,614 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $894,444 | BOYAmt |
| EOY | $1,712,041 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,684,620 | BOYAmt |
| EOY | $1,760,927 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $547,545 | BOYAmt |
| EOY | $559,351 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $661,847 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $528,805 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,654 | BOYAmt |
| EOY | $133,042 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,193,467 | BOYAmt |
| EOY | $1,466,722 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $390,000 | BOYAmt |
| EOY | $390,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,163 | BOYAmt |
| EOY | $371,813 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,857,577 | BOYAmt |
| EOY | $6,724,510 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,817,889 | BOYAmt |
| EOY | $2,249,123 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,157,721 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,774,168 | BOYAmt |
| EOY | $357,568 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,500 | BOYAmt |
| EOY | $158,204 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,163 | BOYAmt |
| EOY | $371,813 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,949,720 | BOYAmt |
| EOY | $4,294,429 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,907,857 | BOYAmt |
| EOY | $2,430,081 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,907,857 | BOYAmt |
| EOY | $2,430,081 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,857,577 | BOYAmt |
| EOY | $6,724,510 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $278,609 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $243,615 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,061,673 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,409,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,363,648 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,527,560 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,931,514 | CurrentTaxYearAmt |
| Total | $29,293,802 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,061,673 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,409,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,363,648 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,527,560 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,931,514 | CurrentTaxYearAmt |
| Total | $29,293,802 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,640,621 | SubstantialContributorsTotAmt |
| Public Support Total170 | $15,653,181 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,705 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,050 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,145 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,223 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $35,709 | CurrentTaxYearAmt |
| Total | $100,832 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $29,394,634 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $29,385,484 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.53250 | PublicSupportCY170Pct |
| Public Support PY170 | 0.45000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $588,229 | OtherCostOrOtherBasisAmt |
| Depreciation | $528,805 | DepreciationAmt |
| Book Value | $59,424 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $73,618 | OtherCostOrOtherBasisAmt |
| Book Value | $73,618 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $133,042 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITY - MORGAN STANLEY | Desc |
| Book Value | $390,000 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $390,000 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED COMPENSATION TRUST | Desc |
| Book Value | $371,813 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $371,813 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED COMPENSATION RESERVE | Desc |
| Amt | $371,813 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $371,813 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,576,760 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $243,615 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $243,615 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,333,145 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $12,333,145 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,054,536 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,054,536 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,054,536 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. TAX YEARS AFTER 2017 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| CHI CHI RODRIGUEZ FOUNDATION | |||||||
| 3030 N MCMULLEN BOOTH ROAD | CLEARWATER | FL | 33761 | 592017124 | 501(C)(3) | $6,446 | GENERAL SUPPORT |
| THE FIRST TEE OF TAMPA BAY | |||||||
| ROGERS PARK GC 7910 N 30TH STREET | TAMPA | FL | 33610 | 591742909 | 501(C)(3) | $10,000 | GENERAL SUPPORT |
| HABITAT FOR HUMANITY PINELLAS & W PASCO | |||||||
| 13355 49TH STREET NORTH | CLEARWATER | FL | 33762 | 592509116 | 501(C)(3) | $95,826 | GENERAL SUPPORT |
| ST PETERSBURG COLLEGE FOUNDATION INC | |||||||
| 6021 142ND AVENUE N | CLEARWATER | FL | 33760 | 591954362 | 501(C)(3) | $37,400 | GENERAL SUPPORT |
| TARPON SPRINGS HS BAND BOOSTER CLUB | |||||||
| PO BOX 642 | TARPON SPRINGS | FL | 34688 | 592135073 | 501(C)(3) | $20,386 | GENERAL SUPPORT |
| BETA BETA CHAPTER | |||||||
| 363 W DRAKE ROAD | FORT COLLINS | CO | 80562 | 841413835 | 501(C)(4) | $8,500 | GENERAL SUPPORT |
| THE FIRST TEE OF CLEARWATER | |||||||
| 3030 MCMULLEN BOOTH RD | CLEARWATER | FL | 33761 | 592017124 | 501(C)(3) | $39,525 | GENERAL SUPPORT |
| GARY AND DONNA KOCH FAMILY FOUNDATION | |||||||
| 2934 W LAWN AVENUE | TAMPA | FL | 33611 | 472173745 | 501(C)(3) | $5,000 | GENERAL SUPPORT |
| GFWC HARBOR SPRINGS WOMAN'S CLUB | |||||||
| 2901 BAYSHORE BLVD | TAMPA | FL | 33629 | 274593142 | 501(C)(3) | $9,339 | GENERAL SUPPORT |
| GIRL SCOUTS OF WEST CENTRAL FLORIDA | |||||||
| 4610 EISENHOWER BLVD | TAMPA | FL | 33634 | 590624454 | 501(C)(3) | $19,435 | GENERAL SUPPORT |
| PLEASANT VALLEY BAPTIST CHURCH | |||||||
| 1700 KLOSTERMAN RD | PALM HARBOR | FL | 34683 | 591965120 | 501(C)(3) | $7,500 | GENERAL SUPPORT |
| SUNCOAST MASTER MASON ASSOCIATION | |||||||
| PO BOX 562 | PALM HARBOR | FL | 34682 | 843049914 | 501(C)(3) | $6,848 | GENERAL SUPPORT |
| USF SPORT & ENTERTAINMENT MNGMNT ASSOCIATION | |||||||
| 4202 E FOWLER AVE | TAMPA | FL | 33620 | 465003024 | 501(C)(3) | $15,000 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE TOURNAMENT HAS THE "BIRDIES FOR TAMPA BAY CHARITIES" PROGRAM, WHICH HAS LOCAL CHARITIES SOLICIT PLEDGES THAT ARE WRITTEN TO THE VALSPAR CHAMPIONSHIP. AT THE END OF THE PROGRAM, THOSE PLEDGES AND ADDITIONAL FUNDS FROM THE TOURNAMENT ARE GRANTED TO THE RESPECTIVE CHARITIES. THE TOURNAMENT ONLY ALLOWS DOCUMENTED 501(C)(3) NON PROFIT CHARITIES TO PARTICIPATE IN THIS PROGRAM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRACY WEST | ||||||||||||||
| TOURNAMENT DIRECTOR | $244,520 | $0 | $78,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $322,520 | $0 | $0 | $0 |
| JAMES HARRISON | ||||||||||||||
| SALES MARKETING DIRECTOR | $79,963 | $0 | $129,029 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $208,992 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION ENTERED INTO A RABBI TRUST AGREEMENT IN AUGUST 2018 WITH AN INDIVIDUAL FROM MANAGEMENT IN ORDER TO RETAIN THE EMPLOYEE THROUGH THE 2022 VALSPAR CHAMPIONSHIP. THE AGREEMENT ACTS SIMILAR TO A DEFERRED COMPENSATION PLAN AND REQUIRED AN INITIAL DEPOSIT OF $100,000. THE INITIAL DEPOSIT WAS DEPOSITED INTO THE TRUST ACCOUNT ON AUGUST 8, 2018. THE AGREEMENT ALSO REQUIRES ADDITIONAL ANNUAL PAYMENTS NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FOR THE 2019 THROUGH 2022 VALSPAR CHAMPIONSHIP. ANNUAL PAYMENT AMOUNTS ARE AT THE DISCRETION OF THE ORGANIZATION'S BOARD OF DIRECTORS | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 2A: | COPPERHEAD CHARITIES, INC. CONTRACTS WITH A SPORTS MANAGEMENT ORGANIZATION FOR THE ADMINISTATION OF ITS EMPLOYEES. UNDER THIS AGREEMENT, ALL EMPLOYEES OF COPPERHEAD ARE IN ACTUALITY EMPLOYEES OF THE SPORTS MANAGEMENT ORGANIZATION. DUE TO THIS AGREEMENT, COPPERHEAD CHARITIES DOES NOT FILE A FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS, BUT RATHER THE SPORTS MANAGEMENT ORGANIZATION WILL FILE FORM W-3 THAT WOULD INCLUDE THE EMPLOYEES OF COPPERHEAD CHARITIES. AS OF MAY 31, 2021, COPPERHEAD CHARITIES WAS UTILIZING 9 EMPLOYEES THROUGH THE SPORTS MANAGEMENT ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 3 | IN SEPTEMBER 2013, THE ORGANIZATION ENTERED INTO A SPORTS EVENT MANAGEMENT AND MARKETING AGREEMENT (THE "AGREEMENT") WITH PRO LINKS SPORTS OF TAMPA, LLC. PRO LINKS IS A FULL-SERVICES GOLF MANAGEMENT COMPANY THAT PROVIDES MANAGEMENT AND MARKETING FUNCTIONS FOR THE VALSPAR CHAMPIONSHIP EFFECTIVE JUNE 1, 2014. PRO LINKS, THROUGH ITS AFFILIATES, MANAGES AND MARKETS VARIOUS PGA TOUR-SANCTIONED GOLF TOURNAMENTS SIMILAR TO THE VALSPAR CHAMPIONSHIP THROUGHOUT THE COUNTRY. THE AGREEMENT PROVIDES THAT PRO LINKS WILL MANAGE ALL ASPECTS OF THE VALSPAR CHAMPIONSHIP, INCLUDING SALES AND MARKETING, COURSE OPERATIONS, TOURNAMENT OPERATIONS, AND ACTIVITIES INVOLVING PLAYERS, HOSPITALITY AND VOLUNTEERS. TO FULFILL ITS RESPONSIBILITIES UNDER THE AGREEMENT, PRO LINKS WILL ASSIGN VARIOUS EMPLOYEES AND CONTRACTORS TO THE PERFORMANCE OF SERVICES WITHIN THE AGREEMENT. AS SUCH, PREVIOUS EMPLOYEES OF THE ORGANIZATION BECAME EMPLOYEES OF PRO LINKS EFFECTIVE JUNE 1, 2014. THE AGREEMENT SHALL REMAIN IN EFFECT FROM ITS INITIAL TERM AND SHALL RUN CO-TERMINUS WITH THE TITLE SPONSOR AGREEMENT, INCLUDING ANY RENEWALS OR EXTENSIONS. THE ORGANIZATION COMPENSATES PRO LINKS FOR ALL EMPLOYMENT AND TOURNAMENT EXPENSES AS OUTLINED IN THE AGREEMENT. IN ADDITION, THE ORGANIZATION PAYS AN ANNUAL MANAGEMENT FEE, TOTALING $491,223 FOR THE FISCAL YEAR ENDED MAY 31, 2021, PLUS AN ANNUAL PERFORMANCE BONUS BASED ON NET TOURNAMENT PROCEEDS (AS DEFINED IN THE AGREEMENT). THE ORGANIZATION PAID PRO LINKS APPROXIMATELY $1,897,000 FOR THE YEAR ENDED MAY 31, 2021. THIS AMOUNT INCLUDES EMPLOYMENT AND TOURNAMENT EXPENSES, ANNUAL MANAGEMENT FEE, AND ANNUAL PERFORMANCE BONUS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS DESCRIBED IN THE ORGANIZATION'S BYLAWS. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES HAVE BEEN MADE AWARE OF THE POLICY AND ARE EXPECTED TO DICSCLOSE ANY POTENTIAL CONFLICTS AND TO RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE RELATED TO THAT MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED THROUGH A PROCESS BY WHICH INFORMATION IS GATHERED REGARDING SALARIES PAID TO INDIVIDUALS IN SIMILAR POSITIONS AT OTHER ORGANIZATIONS. THIS INFORMATION IS USED TO HELP THE BOARD ARRIVE AT THE PRESIDENT'S COMPENSATION PACKAGE, WHICH IS SPELLED OUT IN A FORMAL EMPLOYMENT CONTRACT. THE ORGANIZATION HAS TWO OFFICERS OTHER THAN THE PRESIDENT AND NO OTHER KEY EMPLOYEES. THEIR COMPENSATION IS PROPOSED BY THE PRESIDENT, BASED UPON COMPENSATION PAID FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS, AND IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION NOTES THAT IT IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORMS 1023 AND 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: | THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. |