Program areas at Heritage Classic Foundation
The primary mission of the Heritage Classic Foundation is accomplished by operating a pga tour sanctioned golf tournament known as the rbc Heritage presented by boeing. The net procees from the tournament played at the harbour town golf links, hilton head island, sc are used to make distributions to other not-for-profit organizations through grant distributions and scholarships.
Our tartan club program supports the Heritage Classic Foundation's scholar program.
The champions fore charity and birdies for charity are programs we have to encourage donations to local charitable organizations wherein our organization supplements those donations for the benefit of other specific not-for-profit organizations.
Grants made by Heritage Classic Foundation
Who funds Heritage Classic Foundation
Grants from foundations and other nonprofits
Personnel at Heritage Classic Foundation
| Name | Title | Compensation | Date of data |
|---|
| Stephen J. Wilmot | President and Tournament Director | $234,185 | 2024-04-23 |
| Morgan Hyde | Vice President Operations | $103,724 | 2022-12-31 |
| Derek R Paton | Vice President Sales and Marketing | $271,132 | 2022-12-31 |
| Richard P. Reichel | Treasurer | $24,000 | 2024-04-23 |
| Terry A. Finger | Vice Chairman , Governance Chairman | $0 | 2024-04-23 |
| ...and 2 more key personnel |
Financials for Heritage Classic Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,383,435 | $1,968,819 | 21.1% |
| Program services | $11,238,516 | $9,372,075 | 19.9% |
| Investment income and dividends | $373,255 | $-281,696 | 232.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $511,621 | $296,127 | 72.8% |
| Total revenues | $14,506,827 | $11,355,325 | 27.8% |
Organizations like Heritage Classic Foundation
| Organization | Type | Location | Revenue |
|---|
| Allstate Sugar Bowl | 501(c)(3) | New Orleans, LA | $18,207,173 |
| Sport and Entertainment Corporation of Maryland | 501(c)(3) | Baltimore, MD | $5,571,617 |
| Charlotte Sports Foundation | 501(c)(3) | Charlotte, NC | $18,481,910 |
| The Cooper River Bridge Run | 501(c)(3) | Mount Pleasant, SC | $4,000,742 |
| The Sun Bowl Association | 501(c)(3) | El Paso, TX | $8,765,610 |
| Guaranteed Rate Bowl | 501(c)(3) | Scottsdale, AZ | $5,058,969 |
| Big Sur Marathon Foundation | 501(c)(3) | Carmel, CA | $4,209,357 |
| Marathon Classic | 501(c)(3) | Toledo, OH | $5,711,148 |
| Cincinnati Marathon | 501(c)(3) | Cincinnati, OH | $4,722,308 |
| Boston Athletic Association (BAA) | 501(c)(3) | Boston, MA | $43,616,867 |
Data update history
April 23, 2024
Updated personnel
Identified 6 new personnel
December 30, 2023
Received grants
Identified 8 new grant, including a grant for $245,000 from PGA Tour October 25, 2023
Received grants
Identified 18 new grant, including a grant for $175,000 from PGA Tour August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Sports competitionsSports organizationsCharities
Issues
Human servicesSports
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donations
General information
- Address
- PO Box 3244
- Hilton Head Island, SC 29928
- Metro area
- Hilton Head Island-Bluffton, SC
- County
- Beaufort County, SC
- Website URL
- heritageclassicfoundation.com/Â
- Phone
- (843) 671-5755
IRS details
- EIN
- 57-0835114
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1987
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- N70: Amateur Sports Competitions
- NAICS code, primary
- 7113: Promoters of Performing Arts, Sports, and Similar Events
- Parent/child status
- Independent
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