2026-04-22T09:34:42-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2024-07-01 471080784 ARIZONA GOLF COMMUNITY FOUNDATION ARIZ 4809481300 PO BOX 877505 TEMPE AZ 852877505 MORGAN R OLSEN SECRETARY/TREASURER 4809481300 2026-03-10 1 1 JACQUELINE ECKMAN P01300648 6022662248 2026-03-10 2024 2025-03-06 01:10:19Z PAPAGO GOLF COURSE MORGAN R OLSEN 300 E UNIVERSITY DR 320 TEMPE AZ 85287 13705264 0 X N/A X 2014 AZ PROVIDING ACCESS AND EXPOSURE TO THE SPORT OF GOLF, INCLUDING THROUGH COACHING AND TRAINING ABOUT THE RULES OF THE GAME, ETIQUETTE, SAFETY AND FUNDAMENTALS; OFFERING GOLF-RELATED YOUTH AND ADULT EDUCATIONAL PROGRAMMING; AND FACILITATING RESEARCH REGARDING CONSERVATION OF NATURAL RESOURCES OR OTHER ISSUES PERTAINING TO THE ENVIRONMENT. 3 3 0 3 0 0 0 2570341 9990805 10389359 0 0 318042 316523 10308847 13276223 0 0 0 0 0 0 0 0 0 8873350 10171594 8873350 10171594 1435497 3104629 17855104 21565426 2978863 3584556 14876241 17980870 X PROVIDING ACCESS AND EXPOSURE TO THE SPORT OF GOLF, INCLUDING THROUGH COACHING AND TRAINING ABOUT THE RULES OF THE GAME, ETIQUETTE, SAFETY AND FUNDAMENTALS; OFFERING GOLF-RELATED YOUTH AND ADULT EDUCATIONAL PROGRAMMING; AND FACILITATING RESEARCH REGARDING CONSERVATION OF NATURAL RESOURCES OR OTHER ISSUES PERTAINING TO THE ENVIRONMENT. 0 0 9248970 0 10705882 THROUGH ITS RIGHTS AND RESPONSIBILITIES TO OPERATE AND MANAGE THE PAPAGO GOLF COURSE, THE ARIZONA GOLF COMMUNITY FOUNDATION HAS PROVIDED ACCESS TO AFFORDABLE GOLF FACILITIES, EXPOSURE TO THE SPORT OF GOLF, GOLF COACHING AND TRAINING, AND YOUTH AND ADULT EDUCATION PROGRAMS. 9248970 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X TROON GOLF LLC 4806061000 15044 N SCOTTSDALE RD STE 300 SCOTTSDALE AZ 85254 X GREGG TRYHUS PRESIDENT 1.00 X X 0 0 0 MORGAN OLSEN SECRETARY & TREASURER 1.00 X X 0 0 0 CYNTHIA AGUILAR VICE PRESIDENT 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 70341 2500000 2570341 OPERATIONS AND SERVICES 713910 10389359 10389359 10389359 745564 429041 316523 316523 13276223 10705882 0 0 X 227755 113878 113877 32550 32550 312671 223083 89588 167367 100547 66820 69478 69478 527943 446729 81214 37747 37747 847132 847132 242950 242950 REIMBURSEMENT OF LABOR 4220672 3916726 303946 CLUB OPERATIONS 1270233 1270233 SUPPLIES 545299 489015 56284 FACILITY LEASE 445694 445694 1224103 1152983 71120 10171594 9248970 922624 0 4811742 4296536 396452 186455 309542 213740 174049 107716 18437501 2952139 11005770 15485362 1157549 1275617 17855104 21565426 1044809 1402994 312630 288645 1621424 1892917 2978863 3584556 X 14876241 15480870 2500000 14876241 17980870 17855104 21565426 3104629 0 X 0 1 X 0 0 X 2000000 2570341 4570341 7218717 9128362 9828164 10767138 11134923 48077304 7218717 11128362 9828164 10767138 13705264 52647645 0 0 0 52647645 7218717 11128362 9828164 10767138 13705264 52647645 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12321078 1737534 10583544 2518732 1214605 1304127 3597691 3597691 15485362 RIGHT-OF-USE ASSET, FINANCING 420275 RIGHT-OF-USE ASSET, OPERATING 855342 1275617 SITE FUND RESERVE 600419 OPERATING LEASE LIABILITY 855342 FINANCE LEASE LIABILITY 437156 1892917 X 12005990 0 12005990 1270233 1270233 13276223 8901361 0 8901361 1270233 1270233 10171594 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE YEARS ENDED JUNE 30, 2025 OR 2024. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ARIZONA STATE JURISDICTION. IN THE NORMAL COURSE OF BUSINESS, THE FOUNDATION IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: CLUB OPERATION EXPENSES MOVED TO FUNCTIONAL EXPENSES 1,270,233. PART XII, LINE 4B - OTHER ADJUSTMENTS: CLUB OPERATION EXPENSES MOVED TO FUNCTIONAL EXPENSES 1,270,233. FORM 990, PART VI, SECTION A, LINE 3 AGCF CONTRACTS WITH A MANAGEMENT COMPANY (TROON GOLF, LLC) TO PROVIDE MANAGEMENT AND OPERATION SERVICES FOR PAPAGO GOLF COURSE. SERVICES PROVIDED ARE IN ACCORDANCE WITH THE CONSULTING, CONCESSION, AND MANAGEMENT SERVICES AGREEMENT, AND INCLUDE ACCOUNTING, COURSE MAINTENANCE, DAY TO DAY OPERATIONS, AND MARKETING. FORM 990, PART VI, SECTION A, LINE 7A AT ALL TIMES THE BOARD OF DIRECTORS SHALL CONSIST OF AT LEAST ONE (1) REPRESENTATIVE DESIGNATED BY ARIZONA STATE UNIVERSITY (THE "ASU DIRECTOR") AND AT LEAST ONE (1) REPRESENTATIVE DESIGNATED BY THE CITY OF PHOENIX (THE "CITY DIRECTOR"). FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT FOR FINANCE AND DEPUTY TREASURER FOR ARIZONA STATE UNIVERSITY, WILL REVIEW THE DRAFT RETURN AFTER THE INITIAL REVIEW. A DRAFT COPY OF THE TAX RETURN WILL BE SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ARIZONA GOLF COMMUNITY FOUNDATION MAINTAINS A WRITTEN CONFLICTS OF INTEREST POLICY COVERING ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS, ADVISORS, AND EMPLOYEES. WHEN A POTENTIAL CONFLICT ARISES, THE INDIVIDUAL MUST DISCLOSE THE FINANCIAL INTEREST TO THE BOARD, WHICH THEN DETERMINES-WITHOUT THE INTERESTED PERSON PRESENT-WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND, THE BOARD CONSIDERS ALTERNATIVES AND DECIDES, BY A MAJORITY OF DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION IS FAIR AND IN AGCF'S BEST INTEREST. INDIVIDUALS WITH A CONFLICT ARE NOT PERMITTED TO PARTICIPATE IN RELATED DELIBERATIONS OR VOTES. ALL DISCLOSURES, DISCUSSIONS, AND DECISIONS ARE DOCUMENTED IN MEETING MINUTES, AND EACH COVERED PERSON ANNUALLY AFFIRMS COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 FOR LINES 13, 15A AND 15B - ARIZONA GOLF COMMUNITY FOUNDATION HAS NO EMPLOYEES AND DOES NOT COMPENSATE THEIR DIRECTORS OR OFFICERS. TROON GOLF, LLC, IS PAID FOR COURSE OPERATIONS, CONCESSIONS, ACCOUNTING, COURSE MAINTENANCE, AND MARKETING SERVICES. FOR LINE 14 - ARIZONA GOLF COMMUNITY FOUNDATION FOLLOWS THE DOCUMENT RETENTION AND DESTRUCTION POLICY OF TROON GOLF, LLC. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E CREDIT CARD DISCOUNTS: PROGRAM SERVICE EXPENSES 346,899. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 346,899. EQUIPMENT LEASES: PROGRAM SERVICE EXPENSES 288,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 288,640. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 227,554. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,554. FERTILIZER AND CHEMICALS: PROGRAM SERVICE EXPENSES 96,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 96,268. SEED, SOD, AND SAND: PROGRAM SERVICE EXPENSES 94,081. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,081. EMPLOYEE RELATIONS: PROGRAM SERVICE EXPENSES 10,530. MANAGEMENT AND GENERAL EXPENSES 53,918. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,448. FUEL AND OIL: PROGRAM SERVICE EXPENSES 39,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,926. UNIFORMS: PROGRAM SERVICE EXPENSES 36,785. MANAGEMENT AND GENERAL EXPENSES 397. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,182. OTHER: PROGRAM SERVICE EXPENSES 12,300. MANAGEMENT AND GENERAL EXPENSES 16,805. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,105.