Brady Golf Association INC EIN 75-2736240 Form 990 (PDF) Claim this org

Brady Golf Association INC

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Hosts golf tournaments year-round to fund course improvements and donate to the City of Brady. For fiscal year 2023 it reported $123K in revenue, $88K in expenses, and $152K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Brady, TX
Filings
3 on file (2021–2023)
Revenue
$123KFY2023
Expenses
$88K
Net assets
$152K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  75-2736240 Membership association Brady, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Hosts golf tournaments year-round to fund course improvements and donate to the City of Brady.
Leadership
Connor Willmon · President
Money in and out
$123K revenue, $88K expenses
Bottom line
+29% operating surplus
Membership & operating revenue · FY2023
Total revenue
$123K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$152K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+29%
revenue over expenses▲ +185% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
100%
of expenses reach member services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$123K
FY2023▲ +40%
Expenses
$88K
FY2023▼ -26%
Total assets
$152K
FY2023▼ -12%
Total liabilities
$0
FY2023
Total revenue
$123K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$152K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$152K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 335
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrady Golf Association INC
EINHdr · item D75-2736240
Principal addressHdr · item CBrady, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a35
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $88K of program spending, described in the organization's own filed words · FY2023.
01

The successful sponsorship of several golf tournaments throughout the

$88Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$99K · 80%
Contributions & grants$24K · 20%
Other revenue80%$99K
Contributions & grants20%$24K
Total revenueLn 12$123K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$88K
Total functional expensesLn 25$88K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$152K
Total liabilitiesLn 26$0
Total net assetsLn 32$152K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $38K · Operating expenses/yr $88K
5.2 months
Where the money goes
Program services
Program services $88K · Total expenses $88K
100%
Management & General
Management & general $0 · Total expenses $88K
0%
Fundraising
Fundraising $0 · Total expenses $88K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $18K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24K · Total revenue $123K
20%
Government reliance
Government grants — · Total revenue $123K
Earned-income share
Program service revenue $0 · Total revenue $123K
0%
Investment reliance
Investment income $0 · Total revenue $123K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $88K
0%
Growth & trend
Revenue growth (YoY)
This year $123K · Prior year $88K
+40%
Net-asset trend (YoY)
End of year $152K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $123K · Expenses $88K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $152K
Net-asset ratio
Net assets $152K · Total assets $152K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $152K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Connor Willmon · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $88K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $88K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 40%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$123K revenue · viewing · ⤓ 990 PDF
FY2022$88K revenue · ⤓ 990 PDF
FY2021$18K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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