2020 IGA Yearbook

2020 2019 SUPPORT AND REVENUE Unresticted Funds Donations 12,839 $ 10,984 $ Youth on CourseDonations and Memberships 14,691 12,228 Partners Program (net of expenses) 24,472 25,347 Iowa Golf Hall of Fame Induction Ceremony and Donations 925 7,519 Iowa Golf History Book Sales and Donations 8,773 17,420 Herman Sani and Ann Griffel Scholarship Donations 19,390 45,002 Scholarship Fundraising Events (net of expenses) - 10,608 Interest, Dividends and Realized Gains 17,506 15,774 98,596 144,882 EXPENSES Youth on Course 3,954 992 Iowa Golf Hall of Fame and Golf House Iowa 5,790 8,933 Iowa Golf History Book 3,141 13,792 Herman Sani Scholarship Grants and Expenses 32,312 36,170 Ann Griffel Scholarship Grants and Expenses 10,440 10,212 Junior Golf Support Grants 4,000 2,500 Environmental and Turf Research Grants 4,000 3,000 Management and Operations Expenses 18,123 19,847 Investment Management Fees 2,423 2,305 84,183 97,751 REVENUE less EXPENSES 14,413 47,131 ASSETS Scholarship Funds - Community Foundation of Greater DesMoines 532,543 $ 488,464 $ Checking and Savings Bank Accounts 73,621 41,001 Book Inventory 12,251 13,705 Other Assets 2,286 23,926 620,701 567,096 NET ASSETS / FUND BALANCES Beginning of the Year 566,675 $ 467,817 $ Revenue less Expenses 14,413 47,131 Net Unrealized Gains on Investments 39,057 51,727 End of the Year 620,145 566,675 IGA Foundation Statement of Activities and Financial Position 2020ANNUAL REPORT FINANCIAL REPORT