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Walrus and Wine

Tax-deductible

Parker, CO501(c)(3)Foundations & GrantmakersEIN 99-2572706Revenue $2K in FY2024

On file with the IRSwalrusandwine.com18403 Longs Way Unit 102, 80134-9006 · Parker, COTax-exempt since May 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Our vision is to improve the lives of young people through the game of golf and to support organizations that enrich the lives of individuals with intellectual disabilities. The game of golf helps shape young people by establishing healthy exercise habits, building character, developing self-confidence, introducing young people to valuable mentors and establishing lifelong friends. Our other goal is to enrich the lives of individuals with intellectual disabilities. These individuals often have challenges with intellectual and adaptive functioning affecting their ability to live independent lives. There is a great need to provide adults with intellectual disabilities options for community living and participation in meaningful activities that support their interests, encourage healthy living and an opportunity to develop friendships in a safe setting.

501(c)(3) charity; gifts are tax-deductible.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$92K
388% of total assets
Concern: liabilities are 388% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
Spent
$71K
To programs
0%
Net assets
−$69K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2024.

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

Where the money goes

What each dollar paid for.

Management & general 87% · $62K Fundraising 13% · $9K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Chuck Latham
Chairman
$0Pt VII · Sec A
Craig Stadler
Vice Chairman
$0Pt VII · Sec A
Kari Motz
Treasurer/Secretary-Oct '24-Current
$0Pt VII · Sec A
Suzan Damron
Treasurer/Secretary-April-Oct '24
$0Pt VII · Sec A
See Walrus and Wine executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Improves young lives through golf and supports programs for individuals with intellectual disabilities.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

In its first year of operation, the organization focused on establishing a foundation for future programming and building awareness of organizations that enrich the lives of individuals with intellectual disabilities.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2K
Ln 12
Gifts and grantsLn 1h$197K
Money outPt IX
$71K
Ln 25
Managementcol C$62K
Fundraisingcol D$9K
Owns and owesPt X
−$69K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$24K
LiabilitiesLn 26$92K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$197K
Fundraising eventsLn 1c$81K
Total revenueLn 12$2K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Total assetsLn 16$24K
LiabilitiesLn 26$92K
Net assetsLn 32−$69K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K
Total assetsLn 16$0$24K
LiabilitiesLn 26$0$92K
Net assetsLn 32$0−$69K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$61K$61K
Office expensesLn 13$1K$1K
Other expenses (24a–d)Ln 24$9K$140$9K
Total functional expensesLn 25$71K$0$62K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2K$71K−$69K−$69K 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 FY2024 990 (6 parts)
Part I · Summary $2,353 revenue, 12 lines filed
I-8 Contributions and grants$196,724
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$194,371
I-12 Total revenue$2,353
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$70,985
I-18 Total expenses$70,985
I-19 Revenue less expenses−$68,632
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,353 across 5 lines filed
VIII-1c Fundraising events$80,845
VIII-1f All other contributions, gifts and grants$115,879
VIII-1h Total contributions, gifts and grants$196,724
VIII-8 Net income from fundraising eventsExcluded from tax −$194,371−$194,371
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$194,371$2,353
Part IX · Statement of functional expenses $70,985 across 3 lines filed
IX-11b Legal feesManagement $60,554$60,554
IX-13 Office expensesManagement $1,100$1,100
IX-24 Other expenses (24a–d)Management $140 · Fundraising $9,191$9,331
IX-25 Total functional expensesPrograms $0 · Management $61,794 · Fundraising $9,191$70,985
Part X · Balance sheet $23,825 assets, 7 lines filed
X-1 Cash, non-interest-bearing$3,334
X-8 Inventories for sale or use$20,491
X-16 Total assetsStart of year $0$23,825
X-26 Total liabilitiesStart of year $0$92,457
X-27 Net assets without donor restrictions−$68,632
X-32 Total net assets or fund balancesStart of year $0−$68,632
X-33 Total liabilities and net assetsStart of year $0$23,825
Part XI · Reconciliation of net assets −$68,632 net assets at year end
XI-1 Total revenue$2,353
XI-2 Total expenses$70,985
XI-3 Revenue less expenses−$68,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$68,632

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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