Nonprofit · EIN 52-1900251
CAVES VALLEY GOLF CLUB FOUNDATION INC
Tax-exempt · OWINGS MILLS, MD 21117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,806,043 | $1,566,787 | $239,256 | $4,796,899 | $37,037 | $4,759,862 |
| December 31, 2023 | 990 | $868,765 | $980,541 | -$111,776 | $5,034,420 | $10,197 | $5,024,223 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $947,362
- Program service revenue
- $0
- Investment income
- $858,681
- Net gain from sales of assets
- $812,708
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,421,253
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,572
- Program services (functional)
- $1,421,253
- Management and general (functional)
- $81,987
- Fundraising (functional)
- $63,547
Balance sheet and other
- Total assets, start of year
- $5,034,420
- Total assets, end of year
- $4,796,899
- Total liabilities, end of year
- $37,037
- Net assets, end of year
- $4,759,862
- Publicly traded securities
- $2,660,896
- Net assets without donor restrictions
- $3,758,916
- Net assets with donor restrictions
- $1,000,946
- Gross receipts
- $3,779,367
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR GARY L ATTMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MR THEO C RODGERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR BRETT INGERMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MR PRESTON ATHEY | TREASURER Trustee or director, Officer | 1 | $0 |
| MR STEVEN B FADER | TRUSTEE Trustee or director | 1 | $0 |
| MR LAWRENCE MOODY | TRUSTEE Trustee or director | 1 | $0 |
| MR SCOTT E DORSEY | TRUSTEE Trustee or director | 1 | $0 |
| MR JM SCHAPIRO | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR GARY L ATTMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MR THEO C RODGERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR BRETT INGERMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MR PRESTON ATHEY | TREASURER Trustee or director, Officer | 1 | $0 |
| MR STEVEN B FADER | TRUSTEE Trustee or director | 1 | $0 |
| MR LAWRENCE MOODY | TRUSTEE Trustee or director | 1 | $0 |
| MR SCOTT E DORSEY | TRUSTEE Trustee or director | 1 | $0 |
| MR JM SCHAPIRO | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2910 BLENDON RD, OWINGS MILLS, MD 21117-2360
- In care of
- % CAVES VALLEY GOLF CLUB
- Principal officer (990 for 2024)
- MR PRESTON ATHEY, 2910 BLENDON ROAD, OWINGS MILLS, MD 21117
- Signed the 990
- MR PRESTON ATHEY, TREASURER
- Phone
- (410) 356-1313
- Website
- WWW.CAVESVALLEY.NET
- Return prepared by
- ROSEN SAPPERSTEIN & FRIEDLANDER LLC
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.
Program accomplishments
- THE FOUNDATION HAS ESTABLISHED AN EDUCATIONAL SCHOLARSHIPPROGRAM FOR INDIVIDUALS PROVIDING SERVICES AS CADDIES AT CAVESVALLEY GOLF CLUB (CLUB) AND AT OTHER BALTIMORE METROPOLITAN AREAGOLF CLUBS. THE PURPOSE OF THE PROGRAM IS TO AFFORD THE FINANCIAL ASSISTANCE TO INDIVIDUALS PROVIDING SERVICES AS CADDIES IN ACHIEVING THEIR HIGHER EDUCATION GOALS. THE PROGRAM AWARDS SCHOLARSHIPS BASEDON A SELECTIVE APPLICATION AND APPROVAL PROCESS. THE SCHOLARSHIPSPROVIDE FINANCIAL TUITION ASSISTANCE AND ARE RENEWED ANNUALLY, UPTO A MAXIMUM OF THREE (3) YEARS, PROVIDED ELIGIBILITY REQUIREMENTSCONTINUE TO BE MET.THE FOUNDATION ALSO OFFERS SCHOLARSHIPS (UMES SCHOLARSHIPS) WITHTHE UNIVERSITY OF MARYLAND EASTERN SHORE (UMES) TO ASSIST UMES TO RECRUIT AND RETAIN THE HIGHEST CALIBER STUDENTS FOR ENROLLMENT INUMES' PGA GOLF MANAGEMENT PROGRAM. THE UMES SCHOLARSHIPPROVIDES FINANCIAL ASSISTANCE COVERING THE COSTS OF TUITION, ROOMAND BOARD, BOOKS AND A LAPTOP DURING THE DURATION OF THE STUDENT'SPARTICIPATION IN THE PROGRAM, CONTINGENT UPON ELIGIBILITYREQUIREMENTS CONTINUING TO BE MET.Expenses $173,753 · grants $173,753
- 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.Expenses $1,000,000 · grants $1,000,000
- UNCONDITIONAL GRANTS MADE BY THE FOUNDATION TO FIRST TEE OF BALTIMORE, MARYLAND STATE GOLF ASSOCIATION, BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE AND OTHER ORGANIZATIONS AS LISTED ON SCHEDULE I.Expenses $247,500 · grants $247,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1900251
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $4,796,899
- Income (IRS master file)
- $3,779,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,806,043 | $1,566,787 | $4,796,899 | XML |
| 990 | December 2023 | $868,765 | $980,541 | $5,034,420 | XML |
| 990 | December 2022 | $241,622 | $892,567 | $4,538,890 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1900251).
Questions about CAVES VALLEY GOLF CLUB FOUNDATION INC
- What is the EIN of CAVES VALLEY GOLF CLUB FOUNDATION INC?
- The employer identification number (EIN) of CAVES VALLEY GOLF CLUB FOUNDATION INC is 52-1900251.
- Is CAVES VALLEY GOLF CLUB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CAVES VALLEY GOLF CLUB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAVES VALLEY GOLF CLUB FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAVES VALLEY GOLF CLUB FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAVES VALLEY GOLF CLUB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAVES VALLEY GOLF CLUB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MR PRESTON ATHEY.
- Who are the officers and directors of CAVES VALLEY GOLF CLUB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CAVES VALLEY GOLF CLUB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,806,043, expenses of $1,566,787 and total assets of $4,796,899 at year end.
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