Tee It Up for the Troops does not meet the following 2 Standards for Charity Accountability:
Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
TIUT does not meet this Standard because, when the organization provided 2020 budget information, it indicated that the budget:
- Did not identify total projected program service expenses.
- Did not identify total projected fundraising expenses.
- Did not identify total projected administrative expenses.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
TIUT does not meet this Standard because:
- The organization states it does not have an annual report covering activities conducted in 2018.
Tee It Up for the Troops meets the remaining 18 Standards for Charity Accountability.
Tee It Up for the Troops (TIUT) reports that it raises funds to support active duty service members and military veterans and their families through golf events. The organization's areas of focus include: post-traumatic stress disorder and traumatic brain injury research and treatment, suicide prevention, caregiver and family support, housing and homelessness, employment, and golf and rehabilitative sports. In 2018, TIUT states that it distributed 50 grants towards organizations serving the veteran community.
For the year ended December 31, 2018, Tee It Up for the Troops's program expenses were:
Program services |
$1,327,339 |
Total Program Expenses: |
$1,327,339 |
-
Chief Executive
Tim Wegscheid, President and Executive Director
-
Compensation*
$120,381
-
Chair of the Board
Thomas Groom
-
Chair's Profession / Business Affiliation
Chief Executive Officer, HealthNexus
-
Board Size
10
-
Paid Staff Size
6
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Internet, Invitations to fund raising events, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $1,602,657 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Tee It Up for the Troops's audited financial statements for the year ended December 31, 2018.
Source of Funds |
Special events, net |
$1,470,041 |
Contributions |
$132,616 |
Other income |
$8,282 |
Total Income |
$1,610,939 |
- Programs: 81%
- Fundraising: 14%
- Administrative: 5%
Total Income |
$1,610,939 |
Program expenses |
$1,327,339 |
Fundraising expenses |
$230,187 |
Administrative expenses |
$87,208 |
Other expenses |
$0 |
Total expenses: |
$1,644,734 |
Income in Excess of Expenses |
$-33,795 |
Beginning Net Assets |
$453,094 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$419,299 |
Total Liabilities |
$212,437 |
Total Assets |
$631,736 |
Note: According to TIUT's 2018 IRS Form 990, the organization received $49,174 in contributed goods and services including golf bags ($16,500), golf balls ($13,658), printing ($11,722), and energy bars ($7,294).