Caves Valley Golf Club Foundation Inc

Nonprofit profile at a glance

EIN
521900251
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-PF 2011
Location
Owings Mills, MD, USA
Phone
4103561313
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$1,806,043
Expenses
$1,566,787
Assets
$4,796,899
Liabilities
$37,037

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MR THEO C RODGERS (PRESIDENT)

People named in this filing

  • MR GARY L ATTMAN (CHAIRMAN)
  • MR THEO C RODGERS (PRESIDENT)
  • MR BRETT INGERMAN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Golf is an ancient and honorable game. Many of life's lessons and values are learned and reinforced through golf. Caves valley not only provides the setting and facility to enjoy and pass on our love and respect for the game, but is also a vehicle to bring and enhance the values received by young people from golf. Caves valley golf club foundation is dedicated to improving the lives of young people through exposure to golf's customs, traditions and rules of fair play. To this end the foundation sponsors a variety of activities to: (i) introduce golf's values to young people especially those who might otherwise never have this opportunity, (ii) assist caddies further their formal education through college scholarships, and (iii) partner with other organizations similarly focused on making a difference for young people through the game of golf.

What it reported doing in 2024

In connection with caves valley golf club's agreement with the pga tour and the western golf association to host the 2021 bmw championship, the foundation agreed to donate $2 million to the evans scholars foundation to support the evans scholars foundation at the university of Maryland, college park and the caves valley evans scholarship house at the university of Maryland, college park. Caves valley golf club agreed to assist the foundation in raising at least $1 million of the $2 million donation. The donation was contingent upon the 2021 bmw championship being held at caves valley golf club, which occurred in august 2021. The initial donation of $2 million is being paid in four installments of $500,000, ending june 2023. For each of the years ended december 31, 2022 and 2021, the foundation donated $500,000 to the evans scholars foundation.in august 2022 caves valley golf club entered into an agreement with the pga tour and the western golf association to host the 2025 bmw championship. In connection with this agreement, the foundation has agreed to donate an additional $3 million to the evans scholars foundation to support the evans scholars foundation at the university of Maryland, college park. The donation will be paid in three annual installments of $1 million beginning august 1, 2024 and ending august 1, 2026. The donation is contingent upon the 2025 bmw championship being held at caves valley golf club. Should the evans scholars foundation be unsuccessful at establishing a program and scholarship house at the university of Maryland, college park, any and all payments received by the evans scholars foundation from the foundation prior to the date of the determination of the unsuccessful programs will be used to fund other evans scholars foundation programming.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.7%; rating input score 91
  • Fundraising efficiency: $14.91 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.1%; rating input score 99; 48th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.2%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 3.06; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 18.3% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 12.8% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 50/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.