2025-10-30T12:57:06-05:00 2024-12-31 475153865 ROSEN SAPPERSTEIN & FRIEDLANDER LLC 405 YORK ROAD TOWSON MD 21204 990 2024-01-01 521900251 CAVES VALLEY GOLF CLUB FOUNDATION INC CAVE 4103561313 2910 BLENDON ROAD OWINGS MILLS MD 21117 MR PRESTON ATHEY TREASURER 4103561313 2025-10-30 1 1 RICHARD A FRIEDLANDER CPA P00024186 4105810800 2025-10-30 2024 2025-03-06 01:10:19Z MR PRESTON ATHEY 2910 BLENDON ROAD OWINGS MILLS MD 21117 3779367 0 X WWW.CAVESVALLEY.NET X 1994 MD CAVES VALLEY GOLF CLUB FOUNDATION IS DEDICATED TO IMPROVING THE LIVES OF YOUNG PEOPLE THROUGH EXPOSURE TO GOLF'S CUSTOMS, TRADITIONS AND RULES OF FAIR PLAY. TO THIS END THE FOUNDATION SPONSORS A VARIETY OF ACTIVITIES TO: (I) INTRODUCE GOLF'S VALUES TO YOUNG PEOPLE ESPECIALLY THOSE WHO MIGHT OTHERWISE NEVER HAVE THIS OPPORTUNITY, (II) ASSIST CADDIES FURTHER THEIR FORMAL EDUCATION THROUGH COLLEGE SCHOLARSHIPS, AND (III) PARTNER WITH OTHER ORGANIZATIONS SIMILARLY FOCUSED ON MAKING A DIFFERENCE FOR YOUNG PEOPLE THROUGH THE GAME OF GOLF. 8 8 0 0 0 0 816631 947362 0 0 52134 858681 0 0 868765 1806043 880005 1421253 0 0 0 0 0 0 63547 100536 145534 980541 1566787 -111776 239256 5034420 4796899 10197 37037 5024223 4759862 X GOLF IS AN ANCIENT AND HONORABLE GAME. MANY OF LIFE'S LESSONS AND VALUES ARE LEARNED AND REINFORCED THROUGH GOLF. CAVES VALLEY NOT ONLY PROVIDES THE SETTING AND FACILITY TO ENJOY AND PASS ON OUR LOVE AND RESPECT FOR THE GAME, BUT IS ALSO A VEHICLE TO BRING AND ENHANCE THE VALUES RECEIVED BY YOUNG PEOPLE FROM GOLF. CAVES VALLEY GOLF CLUB FOUNDATION IS DEDICATED TO IMPROVING THE LIVES OF YOUNG PEOPLE THROUGH EXPOSURE TO GOLF'S CUSTOMS, TRADITIONS AND RULES OF FAIR PLAY. TO THIS END THE FOUNDATION SPONSORS A VARIETY OF ACTIVITIES TO: (I) INTRODUCE GOLF'S VALUES TO YOUNG PEOPLE ESPECIALLY THOSE WHO MIGHT OTHERWISE NEVER HAVE THIS OPPORTUNITY, (II) ASSIST CADDIES FURTHER THEIR FORMAL EDUCATION THROUGH COLLEGE SCHOLARSHIPS, AND (III) PARTNER WITH OTHER ORGANIZATIONS SIMILARLY FOCUSED ON MAKING A DIFFERENCE FOR YOUNG PEOPLE THROUGH THE GAME OF GOLF. 0 0 173753 173753 THE FOUNDATION HAS ESTABLISHED AN EDUCATIONAL SCHOLARSHIPPROGRAM FOR INDIVIDUALS PROVIDING SERVICES AS CADDIES AT CAVESVALLEY GOLF CLUB (CLUB) AND AT OTHER BALTIMORE METROPOLITAN AREAGOLF CLUBS. THE PURPOSE OF THE PROGRAM IS TO AFFORD THE FINANCIAL ASSISTANCE TO INDIVIDUALS PROVIDING SERVICES AS CADDIES IN ACHIEVING THEIR HIGHER EDUCATION GOALS. THE PROGRAM AWARDS SCHOLARSHIPS BASEDON A SELECTIVE APPLICATION AND APPROVAL PROCESS. THE SCHOLARSHIPSPROVIDE FINANCIAL TUITION ASSISTANCE AND ARE RENEWED ANNUALLY, UPTO A MAXIMUM OF THREE (3) YEARS, PROVIDED ELIGIBILITY REQUIREMENTSCONTINUE TO BE MET.THE FOUNDATION ALSO OFFERS SCHOLARSHIPS (UMES SCHOLARSHIPS) WITHTHE UNIVERSITY OF MARYLAND EASTERN SHORE (UMES) TO ASSIST UMES TO RECRUIT AND RETAIN THE HIGHEST CALIBER STUDENTS FOR ENROLLMENT INUMES' PGA GOLF MANAGEMENT PROGRAM. THE UMES SCHOLARSHIPPROVIDES FINANCIAL ASSISTANCE COVERING THE COSTS OF TUITION, ROOMAND BOARD, BOOKS AND A LAPTOP DURING THE DURATION OF THE STUDENT'SPARTICIPATION IN THE PROGRAM, CONTINGENT UPON ELIGIBILITYREQUIREMENTS CONTINUING TO BE MET. 1000000 1000000 IN CONNECTION WITH CAVES VALLEY GOLF CLUB'S AGREEMENT WITH THE PGA TOUR AND THE WESTERN GOLF ASSOCIATION TO HOST THE 2021 BMW CHAMPIONSHIP, THE FOUNDATION AGREED TO DONATE $2 MILLION TO THE EVANS SCHOLARS FOUNDATION TO SUPPORT THE EVANS SCHOLARS FOUNDATION AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK AND THE CAVES VALLEY EVANS SCHOLARSHIP HOUSE AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK. CAVES VALLEY GOLF CLUB AGREED TO ASSIST THE FOUNDATION IN RAISING AT LEAST $1 MILLION OF THE $2 MILLION DONATION. THE DONATION WAS CONTINGENT UPON THE 2021 BMW CHAMPIONSHIP BEING HELD AT CAVES VALLEY GOLF CLUB, WHICH OCCURRED IN AUGUST 2021. THE INITIAL DONATION OF $2 MILLION IS BEING PAID IN FOUR INSTALLMENTS OF $500,000, ENDING JUNE 2023. FOR EACH OF THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE FOUNDATION DONATED $500,000 TO THE EVANS SCHOLARS FOUNDATION.IN AUGUST 2022 CAVES VALLEY GOLF CLUB ENTERED INTO AN AGREEMENT WITH THE PGA TOUR AND THE WESTERN GOLF ASSOCIATION TO HOST THE 2025 BMW CHAMPIONSHIP. IN CONNECTION WITH THIS AGREEMENT, THE FOUNDATION HAS AGREED TO DONATE AN ADDITIONAL $3 MILLION TO THE EVANS SCHOLARS FOUNDATION TO SUPPORT THE EVANS SCHOLARS FOUNDATION AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK. THE DONATION WILL BE PAID IN THREE ANNUAL INSTALLMENTS OF $1 MILLION BEGINNING AUGUST 1, 2024 AND ENDING AUGUST 1, 2026. THE DONATION IS CONTINGENT UPON THE 2025 BMW CHAMPIONSHIP BEING HELD AT CAVES VALLEY GOLF CLUB. SHOULD THE EVANS SCHOLARS FOUNDATION BE UNSUCCESSFUL AT ESTABLISHING A PROGRAM AND SCHOLARSHIP HOUSE AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK, ANY AND ALL PAYMENTS RECEIVED BY THE EVANS SCHOLARS FOUNDATION FROM THE FOUNDATION PRIOR TO THE DATE OF THE DETERMINATION OF THE UNSUCCESSFUL PROGRAMS WILL BE USED TO FUND OTHER EVANS SCHOLARS FOUNDATION PROGRAMMING. 247500 247500 UNCONDITIONAL GRANTS MADE BY THE FOUNDATION TO FIRST TEE OF BALTIMORE, MARYLAND STATE GOLF ASSOCIATION, BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE AND OTHER ORGANIZATIONS AS LISTED ON SCHEDULE I. 1421253 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MD X MR PRESTON ATHEY 4103561313 2910 BLENDON ROAD OWINGS MILLS MD 21117 X MR GARY L ATTMAN CHAIRMAN 1.00 X X 0 0 0 MR THEO C RODGERS PRESIDENT 1.00 X X 0 0 0 MR BRETT INGERMAN SECRETARY 1.00 X X 0 0 0 MR PRESTON ATHEY TREASURER 1.00 X X 0 0 0 MR STEVEN B FADER TRUSTEE 1.00 X 0 0 0 MR LAWRENCE MOODY TRUSTEE 1.00 X 0 0 0 MR SCOTT E DORSEY TRUSTEE 1.00 X 0 0 0 MR JM SCHAPIRO TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 947362 134677 947362 45973 45973 2786032 1973324 812708 812708 812708 1806043 0 0 858681 1247500 1247500 173753 173753 4572 4572 5926 5926 63461 63461 67022 3475 63547 4553 4553 1566787 1421253 81987 63547 398360 1122262 42308 11472 1281727 1000946 3310664 2660896 1361 1323 5034420 4796899 10197 37037 10197 37037 X 3742496 3758916 1281727 1000946 5024223 4759862 5034420 4796899 239256 -503617 0 X 0 1 X 0 0 X 679946 2950254 98361 816631 947362 5492554 679946 2950254 98361 816631 947362 5492554 988503 4504051 33820 33146 39330 39882 45973 192151 5684705 0.79230 0.74650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1296500 -503617 -503617 1800117 5926 5926 1806043 1560861 0 1560861 5926 5926 1566787 PART X, LINE 2: PER THE FOUNDATION'S EVALUATION AS OF DECEMBER 31, 2024, INCLUDING ALL PRIOR TAX YEARS SUBJECT TO EXAMINATION, IT WAS DETERMINED THAT NO MATERIAL ADJUSTMENTS WERE REQUIRED IN THE FINANCIAL STATEMENTS FOR TAX POSITIONS LESS-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. 1 THE FIRST TEE OF GREATER BALTIMORE INC 303 INTERNATIONAL CIRCLE SUITE T119 HUNT VALLEY MD 21030 522260023 501(C)(3) 150000 0 $150,000 GRANT FOR OPERATING SUPPORT MARYLAND STATE GOLF ASSOCIATION 10455 FALLS ROAD LUTHERVILLE MD 21093 521326177 501(C)(3) 15000 0 $15,000 FOR JUNIOR GIRLS GOLF PROGRAM EVANS SCHOLARS FOUNDATION 2501 PATRIOT BOULEVARD GLENVIEW IL 60026 362518129 501(C)(3) 1000000 0 $1,000,000 CV EVANS SCHOLARS HOUSE BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE 1201 S SHARP STREET SUITE 302 BALTIMORE MD 21230 264371125 501(C)(3) 10000 0 $10,000 SUPPORT FOR TRIPLE PLAY SOCIAL RECREATION PROGRAM MARYLAND STATE GOLF ASSOCIATION 10455 FALLS ROAD LUTHERVILLE MD 21093 521326177 501(C)(3) 40000 0 $40,000 FOR YOUTH GOLF PROGRAM NICKLAUS CHILDREN'S HEALTH CARE FOUNDATION 11780 US HIGHWAY ONE SUITE 105 WEST PALM BEACH FL 33408 571154352 501(C)(3) 10000 0 $10,000 HONORARIUM SPECIAL OLYMPICS MARYLAND 3701 COMMERCE DRIVE SUITE 103 BALTIMORE MD 21227 237089144 501(C)(3) 10000 0 $10,000 COMMUNITY GRANTS PROGRAM UMES SCHOLARSHIPS 5 64235 CADDIE SCHOLARSHIPS 27 109518 PART I, LINE 2: ONCE AN ORGANIZATION RECEIVES A GRANT, WITHIN ONE-YEAR TIME FRAME, THE ORGANIZATION IS REQUIRED TO SUBMIT A POST GRANT REPORT TO THE FOUNDATION, SHARING HIGHLIGHTS AND KPI'S THAT RELATE TO THEIR INITIAL REQUEST. ORGANIZATIONS ARE REQUIRED TO COMPLETE THE POST GRANT REQUEST REPORT BEFORE SUBMITTING A FUNRAISING REQUEST FOR THE NEXT YEAR. X 7 134677 NEW YORK STOCK EXCHANGE 0 0 0 0 PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE ENTITY RECEIVES A COPY OF THE 990 AND A REPRESENTATIVE OF THE GOVERNING BODY APPROVES IT BEFORE SIGNING THE ELECTRONIC FILING AUTHORIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. THE FINANCIAL STATEMENTS, TAX RETURN AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.