2025 Yearbook

149 2025 2024 SUPPORT AND REVENUE Unrestricted Funds Donations 23,617 $ 58,623 $ Youth on Course Donations and Memberships 15,631 23,283 Partners Program (net of expenses) 23,747 19,837 Iowa Golf Hall of Fame Induction Ceremony and Donations 7,778 2,563 Iowa Golf History Book Sales 803 570 Golf House Iowa Donations 247,734 485,832 Herman Sani and Ann Griffel Scholarship Donations 51,491 27,763 Tournament Travel Donations - 6,000 Interest, Dividends and Realized Gains 20,357 32,022 391,158 656,493 EXPENSES Youth on Course Subsidies and Expenses 9,793 15,000 Iowa Golf Hall of Fame 16,300 12,382 Iowa Golf History Book 548 340 Golf House Iowa Depreciation 115,465 115,464 Golf House Iowa Interest Expense 1,508 11,596 Golf House Iowa Expenses 12,460 680 Herman Sani Scholarship Grants and Expenses 32,205 32,193 Ann Griffel Scholarship Grants and Expenses 10,257 10,241 USGA Special Project Grant 12,000 - Junior Golf Support Grants and Expenses 8,967 9,000 Environmental and Turf Research Grants 4,000 4,000 Tournament Travel Grants 1,500 3,000 Management and Operations 24,897 31,092 Investment Management Fees 3,108 2,819 253,008 247,807 REVENUE less EXPENSES 138,150 $ 408,686 $ ASSETS Community Foundation of Greater Des Moines 668,076 $ 581,760 $ Bank Accounts and Temporary Cash Investments 204,692 78,162 Golf House Iowa 4,865,004 4,951,181 Golf History Book Inventory 10,955 11,191 Other Assets 498 5,100 5,749,225 $ 5,627,394 $ NET ASSETS / FUND BALANCES Beginning of the Year 5,535,930 $ 5,108,064 $ Revenue less Expenses 138,150 408,686 Increase (Decrease) in Net Unrealized Gains on Investments 69,849 19,180 End of the Year 5,743,929 $ 5,535,930 $ IGA Foundation Statement of Activities and Financial Position 2025 Financials