Copperhead Charities INC

Tax-deductible

Palm Harbor, FL501(c)(3)Since 1977Foundations & GrantmakersEIN 59-2319162Revenue $18.3M in FY2025

On file with the IRSvalsparchampionship.com35111 US Highway 19 North 302, 34684-0000 · Palm Harbor, FLTax-exempt since Dec 1983Publicly supported — 509(a)(2)

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Provide aid to tampa bay Charities.

501(c)(3) charity; gifts are tax-deductible.
25¢ of each $1 spent went to programs.
Run by 2,000 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $115K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 6% of spending
Top officer’s pay higher than 78% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.3M
+2% vs prior year
Spent
$18.7M
To programs
25%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$18.3M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$12.3M
FY2022$16.3M
FY2023$16.4M
FY2024$17.8M
FY2025$18.3M
Expenses
$18.7M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$12.1M
FY2022$15.9M
FY2023$16.3M
FY2024$17.5M
FY2025$18.7M
Net assets
$2.2M
FY2025▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$2.6M
FY2023$2.6M
FY2024$2.7M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

25 cents of each dollar spent went to programs.

Program services 25% · $4.8M Management & general 3% · $641K Fundraising 71% · $13.3M

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

26 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Tournament Director
$354,666Pt VII · Sec A
Senior Director of Corporate Partner
$292,810Pt VII · Sec A
Senior Director
$165,505Pt VII · Sec A
Director of Corporate Partnerships
$132,960Pt VII · Sec A
Director of Operations
$120,679Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tracy West’s $355K as Tournament Director is at the 78th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tracy West$354,666$344,457$337,915$322,869$322,520
Austin Michael Kern$292,810$273,651$207,023$150,995—
James Harrison———$206,198$208,992
Trent Gerhart$165,505————
Michael Harrison—$131,052$152,641——
Anthony Abone$132,960————
Zachary Labbe$120,679$114,671$111,879——

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 professional golf tournaments, including the PGA Tour's Valspar Championship, to raise and distribute millions of dollars in funding for Tampa Bay area charities.

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Provided by the organization

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1 program · $4.8M · in their own filed words · FY2024
01

The 2025 valspar championship, tampa bay's pga tour event, generated charitable contributions of $1,641,416 for charity. The tournament's charitable initiatives come through the sponsoring organization, copperhead charities INC.COPPERHEAD charities has now generated over $52 million for charity since 1977 through the sponsorship of…

$4.8Mprogram expense

Funders

Who pays for it.

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$60K
Grants paid · 211 grants · $5.3M · 2020–2024
Charity Polo Classic INCFL · FY2024$312,168
Guardian Angels Catholic SchoolFY2024$120,774
Black Diamond Foundation INCFL · FY2024$34,500
Ruth Eckerd Hall INCFL · FY2024$31,500
Home Base ProgramMA · FY2024$22,500
Best Buy FoundationMN · FY2024$20,013
Ryan Palmer FoundationTX · FY2024$17,250
See all 211 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$18.3M
Ln 12
Fees for servicesLn 2g$16.7M
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$218K
Money outPt IX
$18.7M
Ln 25
Programscol B$4.8M
Managementcol C$641K
Fundraisingcol D$13.3M
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$68K
Fees for servicesLn 2g$16.7M
Investment incomeLn 3$218K
Gains on assetsLn 7$176K
Total revenueLn 12$18.3M
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$463
Cash and savings togetherLn 1–2$160K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$85K
Other assetsLn 15$1.1M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.0M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62,000
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$605K$160K
InvestmentsLn 11–13$1.5M$1.1M
Land, buildings, equipmentLn 10c$95K$85K
Total assetsLn 16$5.0M$4.2M
LiabilitiesLn 26$2.4M$2.0M
Net assetsLn 32$2.6M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$1.2M$202K$157K$794K
Other salaries and wagesLn 7$344K$60K$47K$237K
Other employee benefitsLn 9$259K$45K$35K$178K
Payroll taxesLn 10$125K$22K$17K$86K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$124K$30K$49K$45K
Advertising and promotionLn 12$336K$67K$269K
Office expensesLn 13$324K$10K$207K$107K
Information technologyLn 14$73K$6K$2K$65K
OccupancyLn 16$21K$2K$5K$14K
TravelLn 17$11K$4K$2K$5K
Conferences, conventions and meetingsLn 19$84K$25K$59K
Depreciation, depletion and amortizationLn 22$60K$6K$15K$39K
InsuranceLn 23$96K$19K$77K
Other expenses (24a–d)Ln 24$13.9M$2.6M$11.3M
All other expensesLn 24e$53K$14K$20K$19K
Total functional expensesLn 25$18.7M$4.8M$641K$13.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $18.3M$18.7M−$405K$2.2M 990 PDF
FY2024 $17.8M$17.5M$319K$2.7M 990 PDF
FY2023 $16.4M$16.3M$30K$2.6M 990 PDF
FY2022 $16.3M$15.9M$353K$2.6M 990 PDF
FY2021 $12.3M$12.1M$279K$2.4M 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
See the full FY2025 990 (6 parts)
Part I · Summary $18,260,364 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $159$1,301,733
I-9 Program service revenuePrior year $36,000$16,740,905
I-10 Investment incomePrior year $22$217,726
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $36,181$18,260,364
I-13 Grants and similar amounts paidPrior year $2,000$1,641,416
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $105,017$1,880,687
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,077$15,142,885
I-18 Total expensesPrior year $211,094$18,664,988
I-19 Revenue less expensesPrior year −$174,913−$404,624
Part VI · Governance 21 of 21 board members independent, 2 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,260,364 across 8 lines filed
VIII-1b Membership dues$109,871
VIII-1f All other contributions, gifts and grants$1,191,862
VIII-1g Noncash contributions (included above)$68,226
VIII-1h Total contributions, gifts and grants$1,301,733
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,740,905$16,740,905
VIII-3 Investment incomeExcluded from tax $41,427$41,427
VIII-7 Net gain or loss on sales of assetsExcluded from tax $176,299$176,299
VIII-12 Total revenueRelated to mission $16,740,905 · Unrelated business $0 · Excluded from tax $217,726$18,260,364
Part IX · Statement of functional expenses $18,664,988 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,641,416$1,641,416
IX-5 Pay of current officers, directors and key staffPrograms $201,735 · Management $157,133 · Fundraising $793,892$1,152,760
IX-7 Other salaries and wagesPrograms $60,233 · Management $46,916 · Fundraising $237,037$344,186
IX-9 Other employee benefitsPrograms $45,301 · Management $35,286 · Fundraising $178,279$258,866
IX-10 Payroll taxesPrograms $21,853 · Management $17,022 · Fundraising $86,000$124,875
IX-11c Accounting feesManagement $24,400$24,400
IX-11g Other fees for servicesPrograms $29,610 · Management $49,482 · Fundraising $44,560$123,652
IX-12 Advertising and promotionPrograms $67,159 · Fundraising $268,635$335,794
IX-13 Office expensesPrograms $9,724 · Management $207,437 · Fundraising $106,960$324,121
IX-14 Information technologyPrograms $5,807 · Management $2,176 · Fundraising $64,609$72,592
IX-16 OccupancyPrograms $2,105 · Management $5,265 · Fundraising $13,690$21,060
IX-17 TravelPrograms $3,989 · Management $2,279 · Fundraising $5,129$11,397
IX-19 Conferences, conventions and meetingsPrograms $25,268 · Management $58,962$84,230
IX-22 Depreciation, depletion and amortizationPrograms $5,953 · Management $14,881 · Fundraising $38,691$59,525
IX-23 InsurancePrograms $19,222 · Fundraising $76,888$96,110
IX-24 Other expenses (24a–d)Programs $2,599,193 · Fundraising $11,337,770$13,936,963
IX-24e All other expensesPrograms $14,238 · Management $20,041 · Fundraising $18,762$53,041
IX-25 Total functional expensesPrograms $4,752,806 · Management $641,280 · Fundraising $13,270,902$18,664,988
Part X · Balance sheet $4,182,823 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $78,956$159,809
X-2 Savings and temporary cash investmentsStart of year $526,399$463
X-4 Accounts receivableStart of year $1,792,519$1,776,231
X-9 Prepaid expenses and deferred chargesStart of year $130,557$39,708
X-10c Land, buildings and equipment, netStart of year $94,587$84,799
X-11 Publicly traded securitiesStart of year $1,497,474$1,052,802
X-15 Other assetsStart of year $885,316$1,069,011
X-16 Total assetsStart of year $5,005,808$4,182,823
X-17 Accounts payable and accrued expensesStart of year $1,508,373$944,267
X-19 Deferred revenueStart of year $37,000$10,000
X-25 Other liabilitiesStart of year $886,821$1,071,608
X-26 Total liabilitiesStart of year $2,432,194$2,025,875
X-27 Net assets without donor restrictionsStart of year $2,573,614$2,156,948
X-32 Total net assets or fund balancesStart of year $2,573,614$2,156,948
X-33 Total liabilities and net assetsStart of year $5,005,808$4,182,823
Part XI · Reconciliation of net assets $2,156,948 net assets at year end
XI-1 Total revenue$18,260,364
XI-2 Total expenses$18,664,988
XI-3 Revenue less expenses−$404,624
XI-4 Net assets at start of year$2,573,614
XI-5 Net unrealized gains (losses) on investments−$12,042
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,156,948

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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