Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 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
21 people listed on the 990; $577K paid to officers and key staff.
Stephen J Wilmot’s $310K as President & CEO is at the 70th percentile of top reported officer pay among 661 $10–100M 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 · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Derek R Paton | $265,149 | $432,359 | $271,132 | $218,507 | $218,250 |
| Stephen J Wilmot | $309,866 | $279,346 | $234,185 | $221,086 | $217,878 |
| James M Ivester | $199,144 | $165,828 | $131,626 | $122,534 | $122,416 |
| Morgan Hyde | $116,950 | $125,241 | $103,724 | — | — |
| Richard P Reichel | — | $24,000 | $24,000 | $24,000 | — |
| J Simon Fraser | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
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
Distributes net profits from a PGA Tour event to local and statewide charities, while funding college scholarships through its Tartan Club program.
Questions for Heritage Classic Foundation
Your first name shows with your question. Heritage Classic Foundation answers here, for everyone.
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The primary mission of the heritage classic foundation is accomplished by operating a pga tour sanctioned golf tournament known as the RBC heritage presented by boeing. The net procees from the tournament played at the harbour town golf links, hilton head island, SC are used to make distributions to other not-for-profit organizations…
The champions fore charity and birdies for charity are programs we have to encourage donations to local charitable organizations wherein our organization supplements those donations for the benefit of other specific not-for-profit organizations.
Our tartan club program supports the heritage classic foundation's scholar program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.3M | $5.1M |
| InvestmentsLn 11–13 | $87K | $84K |
| Land, buildings, equipmentLn 10c | $575K | $550K |
| Total assetsLn 16 | $7.4M | $6.5M |
| LiabilitiesLn 26 | $3.4M | $2.5M |
| Net assetsLn 32 | $4.0M | $4.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.0M | $1.0M | ||
| Grants to domestic individualsLn 2 | $180K | $180K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $577K | $559K | $18K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $538K | $381K | $157K | |
| Pension plan contributionsLn 8 | $30K | $28K | $2K | |
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $73K | $60K | $13K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $11K | $10K | $550 | |
| Accounting feesLn 11c | $12K | $12K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $117K | $99K | $18K | |
| TravelLn 17 | $28K | $28K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InterestLn 20 | $1K | $1K | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $34K | $34K | ||
| InsuranceLn 23 | $90K | $88K | $2K | |
| Other expenses (24a–d)Ln 24 | $2.1M | $2.1M | ||
| All other expensesLn 24e | $1.3M | $1.3M | $11K | |
| Total functional expensesLn 25 | $6.1M | $5.9M | $220K | $550 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $19.0M | $16.5M | $2.4M | $8.1M | 990 PDF |
| FY2023 | $14.5M | $13.9M | $560K | $5.8M | 990 PDF |
| FY2022 | $11.4M | $11.0M | $313K | $5.2M | 990 PDF |
| FY2021 | $8.3M | $7.3M | $946K | $4.9M | 990 PDF |
| FY2020 Viewing | $6.1M | $6.1M | −$58K | $4.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $6,072,322 revenue, 12 lines filed
Part VI · Governance 17 of 19 board members independent, no flags
Part VIII · Statement of revenue $6,072,322 across 9 lines filed
Part IX · Statement of functional expenses $6,130,807 across 31 lines filed
Part X · Balance sheet $6,479,747 assets, 20 lines filed
Part XI · Reconciliation of net assets $3,962,875 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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