RICHMOND FIRST TEE

RICHMOND, VA, 23224-4260 (804) 378-2188 Est. 1998 EIN 54-1886298

O50— Youth Development Form 990 501(c)(3)

www.thefirstteegreaterrichmond.org

Mission

TO POSITIVELY IMPACT THE LIVES OF YOUTH THROUGH PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES, AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

Financials

Total Revenue

$4,872,777

Total Expenses

$4,979,180

Net Assets

$11,081,662

170 employees 75 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

2.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 24.7%

Expenses ↑ 8.3%

Revenue Sources

Contributions 33.2% Earned revenue 59.3% Investment 0.3% Other 7.0%

Expense Breakdown

Program 76.3% Management 14.8% Fundraising 8.8%

Officers & Key Employees (24)

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Grants Received (40)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$4,872,777 ↓	$4,979,180	$11,081,662
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$6,474,600 ↑	$4,595,583	$11,188,065
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$4,826,867 ↑	$4,363,575	$9,309,048
2021 Form 990 Jan 1, 2021 to Dec 31, 2021	$3,399,029 ↓	$3,831,091	$8,845,756
2020 Form 990 Jan 1, 2020 to Dec 31, 2020	$8,056,807 ↑	$2,275,996	$9,277,818
2018 Form 990 Jan 1, 2018 to Dec 31, 2018	$1,713,838	$1,951,799	$3,375,771