2018 Yearbook

97 FINANCIAL REPORT IGA FOUNDATION Statement of Activities and Financial Position Jan - Dec 18 Jan - Dec 17 SUPPORT AND REVENUE Unrestricted Funds Junior Golf Donations 0.00 4,000.00 Jim Carney Challenge 8,325.50 IGAF Donations - Misc Unrestricted 1,259.25 3,537.35 IGAF Interest Income 29.60 15.07 Partners Program Income 28,742.25 29,786.25 Youth on Course Donation 3,363.75 Youth on Course Yearly Memberships 1,455.00 Iowa Golf Hall of Fame and Museum Hall of Fame Donations 1,510.00 2,925.10 Permanent Trophy Project 0.00 1,500.00 Book - Iowa Golf History 1,950.00 7,400.00 Hall of Fame and Museum - Total 3,460.00 11,825.10 Ann Griffel Scholarship Fund Donations 4,215.58 15,956.26 Sani/Griffel Fundraiser 8,939.90 0.00 Herman Sani Scholarship Fund Donations 15,755.30 155,667.16 EIS Grant from World Golf Foundation 0.00 4,051.07 Total Income 75,546.13 224,838.26 EXPENSES Partners Program & Donor Gifts 6,537.81 6,170.24 Iowa Golf Hall of Fame & Museum Expenses 15,463.24 7,162.78 Herman Sani Scholarship Grants & Expense 33,991.57 29,685.47 Ann Griffel Scholarship Grants & Expense 10,649.34 10,386.74 Sani/Griffel Fundraiser Outing Expense 4,172.63 0.00 Junior Golf Support Grants 2,253.50 4,000.00 Total Economic Impact Study 0.00 6,551.07 Environment and Turf Research Grants 3,000.00 3,000.00 Management and Operations Expense 17.340.59 18,223.54 Depreciation and Amortization 440.00 440.00 Total Expenses 76,508.09 85,619.84 EQUITY Total Liabilities 579.38 (620.00) Griffel Unrealized Gains (Losses) from Investments 914.71 7,436.32 Sani Unrealized Gains (Losses) from Investments 5,435.11 34,736.48 Unrestricted Net Assets 470,286.20 332,967.05 Net Income (7,313.95) 139,218.42 END OF YEAR 469,901.45 513,738.27