Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $370K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Judd Silverman | $291,615 | $265,308 | $301,154 | $301,154 | $369,615 | $354,548 |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Hosts an annual LPGA golf tournament to raise and distribute charitable funds for children's organizations in the Toledo area.
Questions for Toledo Classic INC
Your first name shows with your question. Toledo Classic INC answers here, for everyone.
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Net revenues in excess of undistributed tournament equity from the 2021 marathon classic ladies professional golf association golf tournament were distributed to various charitable organizations in the toledo area.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
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| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $595K | $560K |
| InvestmentsLn 11–13 | $811K | $1.3M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.6M | $1.9M |
| LiabilitiesLn 26 | $519K | $803K |
| Net assetsLn 32 | $1.1M | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $816K | $816K | ||
| Pay of current officers, directors and key staffLn 5 | $422K | $422K | ||
| Other salaries and wagesLn 7 | $306K | $199K | $107K | |
| Pension plan contributionsLn 8 | $8K | $8K | ||
| Other employee benefitsLn 9 | $34K | $34K | ||
| Payroll taxesLn 10 | $40K | $11K | $29K | |
| Management feesLn 11a | $8K | $8K | ||
| Advertising and promotionLn 12 | $310K | $310K | ||
| Office expensesLn 13 | $219K | $186K | $33K | |
| Information technologyLn 14 | $25K | $25K | ||
| OccupancyLn 16 | $50K | $50K | ||
| TravelLn 17 | $71K | $71K | ||
| InsuranceLn 23 | $40K | $40K | ||
| Other expenses (24a–d)Ln 24 | $3.5M | $3.5M | ||
| All other expensesLn 24e | $617K | $560K | $58K | |
| Total functional expensesLn 25 | $6.5M | $5.7M | $773K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.4M | $3.5M | −$120K | $402K | 990 PDF |
| FY2024 | $5.8M | $5.9M | −$59K | $522K | 990 PDF |
| FY2023 | $4.9M | $5.1M | −$173K | $581K | 990 PDF |
| FY2022 | $5.7M | $5.8M | −$101K | $836K | 990 PDF |
| FY2021 Viewing | $6.4M | $6.5M | −$47K | $1.1M | 990 PDF |
| FY2020 | $4.6M | $4.5M | $94K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $6,431,231 revenue, 12 lines filed
Part VI · Governance 23 of 24 board members independent, 3 to look at
Part VIII · Statement of revenue $6,431,231 across 5 lines filed
Part IX · Statement of functional expenses $6,478,434 across 15 lines filed
Part X · Balance sheet $1,903,609 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,100,758 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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