Annika Foundation FY2022 filing

Framingham, MA · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2022
Revenue
$1.2M
+0.4% vs prior year
Spent
$1.1M
To programs
81%
Net assets
$1.9M
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Figures match the IRS filing checked 9/1/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Zisman Family Foundation
$10K in the latest grant year.
Spent on programs?
81% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
→ +0.4% vs prior year
Legal name (IRS)Hdr · item CAnnika Foundation
EINHdr · item D26-3100887
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFramingham, MA
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
WebsiteHdr · item Jannikafoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program services81%$921K
Management & general13%$153K
Fundraising6%$65K
Total functional expensesLn 25$1.1M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$1.2M
FY2022+0.4%
Expenses
$1.1M
FY2022▲ +7%
Program efficiency
81%
of spending reaches programs
Operating runway
19.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.1M
FY2022▼ -9%
Total liabilities
$166K
FY2022▼ -6%
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$166K
Total net assetsLn 32$1.9M
Months of cash on handcomputed1.6

Statement of Revenue

Part VIII
Contributions & grants$856K · 72%
Program service revenue$363K · 30%
Contributions & grants72%$856K
Program service revenue30%$363K
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $1.1M
19.2 months
Where the money goes
Program services
Program services $921K · Total expenses $1.1M
81%
Management & General
Management & general $153K · Total expenses $1.1M
13%
Fundraising
Fundraising $65K · Total expenses $1.1M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $78K · Solicited contributions (3-yr avg) $764K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $856K · Total revenue $1.2M
72%
Government reliance
Government grants — · Total revenue $1.2M
—
Earned-income share
Program service revenue $363K · Total revenue $1.2M
30%
Investment reliance
Investment income $-26K · Total revenue $1.2M
-2%
Program self-sufficiency
Program service revenue $363K · Total expenses $1.1M
32%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.2M
+0.4%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.1M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $1.9M · Total assets $2.1M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.1M
80%
People & payroll
Highest Reported Total Compensation
Individual Casey Ceman · Reported title CHIEF OPERATING OFFICER · Highest reported compensation $94K · Total expenses $1.1M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $188K · Total expenses $1.1M
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 13%——
Fundraising cost ratio 8%——
Revenue growth 0.4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Operating Officer
$94,417Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert K Ohno’s $326K as President & CEO is at the 97th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert K Ohno$326,162$287,776———
Casey Ceman——$94,417$105,494$87,522

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Annika Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Promotes women's golf at all levels and teaches young people.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $921K of program spending, described in the organization's own filed words · FY2022.
01

Annika Foundation conducts six major golf events for aspiring junior girls: the Hilton Grand Vacations ANNIKA Invitational presented by Rolex in the U.S.; ANNIKA Invitational Asia; ANNIKA Invitational Europe and ANNIKA Cup in Sweden; the Women's Amateur Latin America with The R&A in Argentina; and the ANNIKA Invitational Australasia in…

$758Kprogram expense
02

Since 2014, the Foundation has annually hosted the ANNIKA Intercollegiate presented by 3M, a women's college tournament featuring 12 top Division I schools. Moreover, with the support of the Haskins Foundation, the Foundation created the ANNIKA Award presented by Stifel, which is given annually to the best collegiate female golfer.

$132Kprogram expense
03

The ANNIKA Foundation annually conducts several "Share My Passion" grass roots clinics designed to introduce kids to the game.

$31Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 9 grants · $147K · 2021–2024
Unitemized GrantFY2024$51,000
Fairways to Leadership INCFY2024$10,000
Unitemized GrantFY2023$30,000
Fairways to Leadership INCFY2023$10,000
Fairways to Leadership INCFL · FY2022$10,000
Youth on CourseCA · FY2021$6,000

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $2.6M$2.0M+39% 990 PDF
FY2023 $1.9M$1.7M+58% 990 PDF
FY2022 Viewing $1.2M$1.1M+0.4% 990 PDF
FY2021 $1.2M$1.1M+50% 990 PDF
FY2020 $792K$592K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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