MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC (EIN 27-1318782)
- Tax period
- 2014-09-01 to 2015-08-31
- Filed
- 2016-04-14
- IRS object ID
- 201641059349300834
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-14T13:44:14-05:00 | ReturnTs |
| Tax Period End | 2015-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 201941244 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HORNE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 HIGHLAND COLONY PKWY STE 400 | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39157 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271318782 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MISS | BusinessNameControlTxt |
| Phone | 2288966365 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7362 | AddressLine1Txt |
| City | DIBERVILLE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39540 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FRANK BERTUCCI | PersonNm |
| Person Title | BOARD PRESIDENT | PersonTitleTxt |
| Phone | 2288966365 | PhoneNum |
| Signature | 2016-04-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY WILSON SMITH CPA | PreparerPersonNm |
| PTIN | P01612501 | PTIN |
| Phone | 6013261000 | PhoneNum |
| Preparation | 2016-04-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FRANK BERTUCCI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7362 | AddressLine1Txt |
| City | DIBERVILLE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,617,273 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.2016MGRC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2009 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | OPERATION OF AN ANNUAL CHAMPIONS TOUR GOLF TOURNAMENT THAT BENEFITS HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST, INC AND OTHER LOCAL CHARITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 930 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,562,082 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,484,002 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $344 | PYInvestmentIncomeAmt |
| CY Investment Income | $76 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,918,379 | PYOtherRevenueAmt |
| CY Other Revenue | -$2,822,957 | CYOtherRevenueAmt |
| PY Total Revenue | $644,047 | PYTotalRevenueAmt |
| CY Total Revenue | $661,121 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $125,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $125,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $519,047 | PYOtherExpensesAmt |
| CY Other Expenses | $559,344 | CYOtherExpensesAmt |
| PY Total Expenses | $644,047 | PYTotalExpensesAmt |
| CY Total Expenses | $684,344 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$23,223 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $424,725 | TotalAssetsBOYAmt |
| Total Assets EOY | $502,387 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $228,979 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $329,864 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $195,746 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $172,523 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OPERATION OF AN ANNUAL CHAMPIONS TOUR GOLF TOURNAMENT THAT BENEFITS HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST, INC AND OTHER LOCAL CHARITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $146,993 | ExpenseAmt |
| Grant | $125,000 | GrantAmt |
| Revenue | $24,117 | RevenueAmt |
| Desc | OPERATION OF AN ANNUAL CHAMPIONS TOUR GOLF TOURNAMENT THAT BENEFITS HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST, INC AND OTHER LOCAL CHARITIES. | Desc |
| Total Program Service Expenses | $146,993 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAMERON PEARCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2052622822 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 GRANDVIEW PLACE SUITE 110 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| FRANK BERTUCCI | ||||||
| BOARD PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JONATHAN JONES | ||||||
| BOARD VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROY ANDERSON III | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DIRK BARRIENT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BILLY THORNTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS MONFORTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACK NORRIS | ||||||
| DIRECTOR - NON-VOTING | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JIM RICHMOND | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEITH WILLIAMS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DUNCAN MCKENZIE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TODD RAZIANO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JEFF SEGAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WADE HOWK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ASHLEY EDWARDS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE NIEMAN | ||||||
| TOURNAMENT DIRECTOR | 40.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PGA TOUR | |||||
| 100 PGA TOUR BLVD | PONTE VEDRA | FL | 32082 | TOURNAMENT & PRO AM PURSE; GOLF CHANNEL | $1,964,162 |
| BRUNO EVENT TEAM | |||||
| 100 GRANDVIEW PLACE SUITE 110 | BIRMINGHAM | AL | 35243 | MANAGEMENT SERVICES | $463,342 |
| SHAFFER SPORTS | |||||
| 601 WEST 6TH STREET | HOUSTON | TX | 77007 | BLEACHER & TENT RENTAL | $338,059 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $3,059,002 | FundraisingAmt |
| All Other Contributions | $425,000 | AllOtherContributionsAmt |
| Total Contributions | $3,484,002 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $76 | TotalRevenueColumnAmt |
| Exclusion | $76 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $109,078 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $3,059,002 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $2,956,152 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,847,074 | TotalRevenueColumnAmt |
| Exclusion | -$2,847,074 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $24,117 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,117 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $24,117 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $661,121 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,117 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$2,846,998 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,000 | TotalAmt |
| Program Services | $125,000 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,000 | TotalAmt |
| Management And General | $180,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,000 | TotalAmt |
| Management And General | $22,000 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,656 | TotalAmt |
| Management And General | $28,656 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,900 | TotalAmt |
| Management And General | $22,900 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,993 | TotalAmt |
| Program Services | $21,993 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| CONTRACT LABOR | $281,247 | $281,247 |
| REPAIRS AND MAINTENANCE | $2,548 | $2,548 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $684,344 | TotalAmt |
| Program Services | $146,993 | ProgramServicesAmt |
| Management And General | $537,351 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,315 | BOYAmt |
| EOY | $75,712 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,410 | BOYAmt |
| EOY | $426,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $68,234 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $68,234 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,725 | BOYAmt |
| EOY | $502,387 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,979 | BOYAmt |
| EOY | $329,864 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,979 | BOYAmt |
| EOY | $329,864 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,746 | BOYAmt |
| EOY | $172,523 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,746 | BOYAmt |
| EOY | $172,523 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,725 | BOYAmt |
| EOY | $502,387 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$23,223 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,545,709 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,252,219 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,717,716 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,562,082 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,484,002 | CurrentTaxYearAmt |
| Total | $17,561,728 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $167,688 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $114,092 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $112,454 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $99,110 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $109,078 | CurrentTaxYearAmt |
| Total | $602,422 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,713,397 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,366,311 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,830,170 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,661,192 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,593,080 | CurrentTaxYearAmt |
| Total | $18,164,150 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,541,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,323,008 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,320,792 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,311,422 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,335,382 | CurrentTaxYearAmt |
| Total | $9,831,906 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,541,302 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,323,008 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,320,792 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,311,422 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,335,382 | CurrentTaxYearAmt |
| Total | $9,831,906 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $8,332,244 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $867 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $937 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $767 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $344 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $76 | CurrentTaxYearAmt |
| Total | $2,991 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $867 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $937 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $767 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $344 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $76 | CurrentTaxYearAmt |
| Total | $2,991 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,064 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,826 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,886 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,078 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,117 | CurrentTaxYearAmt |
| Total | $68,971 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,728,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,379,074 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,838,823 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,672,614 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,617,273 | CurrentTaxYearAmt |
| Total | $18,236,112 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.45690 | PublicSupportCY509Pct |
| Public Support PY509 | 0.50430 | PublicSupportPY509Pct |
| Investment Income CY | 0.00020 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00030 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,000 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,062 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,062 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $43,172 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,172 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,199,048 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $581,775 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,956,152 | OtherRevenueAmt |
| Revenue Not Reported | $3,537,927 | RevenueNotReportedAmt |
| Revenue Subtotal | $661,121 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $661,121 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,222,271 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $581,775 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $2,956,152 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,537,927 | ExpensesNotReportedAmt |
| Expenses Subtotal | $684,344 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $684,344 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND SIMILAR PROVISIONS OF STATE INCOME TAX REGULATIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INCOME FROM FUNDRAISING OFFSET BY EXPENSES 2,956,152. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES FROM FUNDRAISING OFFSET BY REVENUE 2,956,152. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENTS | Event1Nm |
| Gross Receipts Event1 | $3,168,080 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $3,059,002 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $109,078 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,235,034 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $0 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $31,385 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $1,689,733 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $3,168,080 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $3,059,002 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $109,078 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,235,034 | CashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $31,385 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,689,733 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $2,956,152 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$2,847,074 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HABITAT FOR HUMANITY OF THE MISSISSIPPI GULF COAST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 34TH STREET | AddressLine1Txt |
| City | GULFPORT | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 208133916 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $125,000 | CashGrantAmt |
| Purpose Of Grant | DONATION TO FURTHER CHARITABLE WORK OF ORGANIZATION | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION ONLY GIVES GRANTS TO CHARITABLE ORGANIZATIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | MISSISSIPPI GULF RESORT CLASSIC FOUNDATION, INC. HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH BRUNO EVENT TEAM. BRUNO EVENT TEAM IS ONE OF THE HIGHEST PAID INDEPENDENT CONTRACTORS, LISTED ON FORM 990 PART VII. THEY MANAGE ALL ASPECTS OF THE ANNUAL GOLF TOURNAMENT AND DEAL WITH ALL VENDORS, SPONSORS, AND PARTICIPANTS ON THE FOUNDATION'S BEHALF. HOWEVER, THE ULTIMATE POWER TO MAKE DECISIONS REGARDING FOUNDATION BUSINESS REMAINS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS OF THE FOUNDATION, AND BRUNO'S WORK IS SUBJECT TO THE APPROVAL AND GUIDANCE OF THE FOUNDATION'S BOARD, PER THE MANAGEMENT AGREEMENT. UNDER THE MANAGEMENT AGREEMENT, BRUNO EVENT TEAM EMPLOYS THE TOURNAMENT DIRECTOR, STEVE NIEMAN,AND HIS STAFF. HIS SALARY, TAXES, BENEFITS, AND BONUSES (AND THAT OF THE EVENT STAFF) IS INCLUDED IN THE MANAGEMENT FEE PAID TO BRUNO EVENT TEAM, LISTED ON FORM 990 PART VII. |
| FORM 990, PART VI, SECTION B, LINE 11 | TOURNAMENT DIRECTOR AND CFO FOR THE MANAGEMENT COMPANY, BRUNO EVENT TEAM, COMPILE THE INFORMATION AND REVIEW THE 990 BEFORE IT IS RELEASED. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE FOUNDATION MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PAGE 12, PART XII, QUESTION 2C | THE ORGANIZATION DOES HAVE A COMMITTEE THAT OVERSEES THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND REVIEW OF THEIR WORK. THEIR PROCESS HAD NOT CHANGED FROM PRIOR YEAR. |
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