TENNESSEE GOLF FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,626,823
Program Services
51%
Contributions
22%
Government Grants
21%
Investments
3%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,803,749
Other
49%
Salaries & Benefits
36%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Grants
3%
Advertising & Promotion
3%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,071,075
$1,931,663
-7%
Government Grants
$0
$1,808,403
-
Fundraising Events
$0
$0
-
Program Services
$4,269,656
$4,431,263
+4%
Membership Dues
$0
$0
-
Investments
$328,459
$281,427
-14%
Other
-$33,682
$174,067
-617%
Total Revenues
$6,635,508
$8,626,823
+30%
Expenses
2023
2024
Change
Grants
$713,700
$271,282
-62%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,224,917
$3,509,668
+9%
Fees to Service Providers
$132,384
$343,176
+159%
Advertising & Promotion
$70,729
$253,988
+259%
Offices, Occupancy & IT
$378,544
$467,188
+23%
Interest
$0
$0
-
Depreciation
$138,160
$134,975
-2%
Other
$3,028,139
$4,823,472
+59%
Total Expenses
$7,686,573
$9,803,749
+28%
Net income
2023
2024
Change
Net income
-$1,051,065
-$1,176,926
-12%
Functional Expenses
Summary
2023
2024
Change
Program
$5,851,254
$5,806,340
-1%
Admin
$1,418,298
$3,613,199
+155%
Fundraising
$417,021
$384,210
-8%
Total Expenses
$7,686,573
$9,803,749
+28%
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