2024-11-15T11:00:20-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 593085528 THE LPGA FOUNDATION LPGA 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 MARY SALTER EVP, FINANCE 3862746200 2024-11-15 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z NANCY HENDERSON 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 11717767 0 X WWW.LPGA.COM/LPGA-FOUNDATION X 1991 FL TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 16 12 0 1610 0 0 2981030 4815105 6435635 6700871 131158 173578 -118395 -82959 9429428 11606595 918725 1091452 0 0 716063 883686 0 0 75726 7729033 8773720 9363821 10748858 65607 857737 8292695 10088757 1392843 1310647 6899852 8778110 X TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 0 0 6846472 6700871 THE LPGA FOUNDATION IS INVOLVED IN CONDUCTING A TOURNAMENT ON THE LPGA TOURNAMENT SCHEDULE. THE GOLF TOURNAMENT IS OPERATED BY THE FOUNDATION AND FUNDED BY THE REVENUES RAISED THROUGH SPONSORSHIPS, PRO-AM EVENTS, HOSPITALITY, ADMISSION AND OTHER REVENUES. 2364638 659102 DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION. 760696 432350 DEVELOP AND MAINTAIN SCHOLARSHIP PROGRAMS WHICH PROVIDE SCHOLARSHIPS FOR JUNIOR GOLFERS BASED ON VARYING ELIGIBILITY CRITERIA, INCLUDING NEED-BASED AWARDS, AS WELL AS AWARDS TO ASSIST WITH INCREASING REPRESENTATION OF COMMUNITIES WHO HAVE TRADITIONALLY BEEN UNDERREPRESENTED IN GOLF. DEVELOP AND MAINTAIN A FINANCIAL ASSISTANCE FUND FOR LPGA MEMBERS AND OTHER PERSONS IN THE GOLF INDUSTRY WHO MAY BE IN NEED OF FINANCIAL ASSISTANCE AS A RESULT OF A SERIOUS ILLNESS, INJURY, OR OTHER HARDSHIP. THERE WERE NO FINANCIAL ASSISTANCE FUND EXPENSES IN 2023. 9971806 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 105 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA FL X MARY SALTER 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 X MOLLIE MARCOUX SAMAAN COMMISSIONER 5.00 37.00 X 0 1270570 44036 NANCY HENDERSON PRESIDENT 20.00 22.00 X X 0 359159 31800 VICKI GOETZE-ACKERMAN TRUSTEE 1.00 30.00 X 0 95534 31364 ERIN HAMRICK CHAIR 1.00 1.00 X X 0 0 0 LOUISE BALL TRUSTEE 1.00 0.00 X 0 11850 0 MIRIAM HERNANDEZ-KAKOL TRUSTEE (AS OF 01/2023) 1.00 0.00 X 0 0 0 SCOTT MCMILLEN TRUSTEE 1.00 0.00 X 0 0 0 JACQUELINE NICKELBERRY TRUSTEE 1.00 0.00 X 0 0 0 SUSAN PIKITCH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN STINSON TRUSTEE 1.00 1.00 X 0 0 0 JOSE TOMOS TRUSTEE (AS OF 01/2023) 1.00 0.00 X 0 0 0 HILARY TOUHY TRUSTEE 1.00 1.00 X 0 0 0 LYNETTE VANDERWARKER TRUSTEE (AS OF 01/2023) 1.00 0.00 X 0 0 0 SHERYL WILKERSON TRUSTEE 1.00 0.00 X 0 0 0 CHEYENNE WOODS TRUSTEE 1.00 0.00 X 0 0 0 JOHN ZACAMY TRUSTEE 1.00 0.00 X 0 0 0 MARIAN MOORE SECRETARY 10.00 32.00 X 0 476861 30340 KATHRYN MILTHORPE TREASURER 10.00 32.00 X 0 389493 31238 0 2603467 168778 0 0 1 0 NBC UNIVERSAL PO BOX 402971 ATLANTA GA 30384 TV/MEDIA PRODUCTION 450000 1 311413 931913 3571779 4815105 LPGA FOUNDERS TOURN. 900099 6700871 6700871 6700871 173578 173578 28213 311413 111172 -82959 -82959 11606595 6700871 0 90619 933295 933295 86275 86275 71882 71882 784619 588464 156924 39231 11608 8706 2322 580 58084 43563 11617 2904 29375 22031 5875 1469 15250 15250 64994 64994 3087 3087 652762 306798 326381 19583 353456 353456 58877 47102 10009 1766 203851 152888 40770 10193 2217 2217 5116 5116 TOURNAMENT EXPENSE 6846472 6846472 OUTREACH PROGRAMS 567638 510874 56764 10748858 9971806 701326 75726 1549258 1989558 499491 746190 112470 62158 105300 104182 3335 1118 6128141 7285011 0 4722 8292695 10088757 244403 427999 565740 616173 582700 266475 1392843 1310647 X 2400806 2934910 4499046 5843200 6899852 8778110 8292695 10088757 857737 1020521 0 X 0 1 X 1 0 X 1857860 1718730 2202191 2981030 4815105 13574916 1857860 1718730 2202191 2981030 4815105 13574916 4612689 8962227 138718 117489 216946 131158 173578 777889 18249 18120 28213 64582 14417387 24321882 0.62160 0.56780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUE - 2021 AMOUNT: $ 18,249. 2022 AMOUNT: $ 18,120. 2023 AMOUNT: $ 28,213. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105300 104182 1118 1118 DUE TO LPGA 266475 266475 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA INCOME TAX CODE. THE FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION'S REMAINING OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE INCLUDE THE YEARS ENDED DECEMBER 31, 2019 THROUGH 2023. 1 NORTH AMERICA 0 0 GRANTMAKING 54882 EAST ASIA AND THE PACIFIC 1 0 GRANTMAKING 17000 1 0 0 0 1 0 71882 0 71882 NORTH AMERICA GENERAL DONATION 50000 CHECK 0 1 0 GIRLS GOLF SUPPORT NORTH AMERICA 1 4882 CHECK GIRLS GOLF SUPPORT EAST ASIA AND THE PACIFIC 3 17000 CHECK 0 0 0 0 0 0 PART I, LINE 2: THE LPGA FOUNDATION MONITORS THE USE OF FUNDS GRANTED TO RECIPIENTS OF THE JUNIOR GOLF GRANTS BY REQUIRING AN APPLICATION FOR FUNDS AND A FINAL REPORT OF HOW FUNDS WERE SPENT. PART I, LINE 3: THE EXPENDITURES PER REGION ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. CLEARVIEW BENEFIT 274926 259653 15273 4238 21714 49472 CHAMPION DINNER 64700 51760 12940 9439 17648 8661 339626 311413 28213 13677 39362 58133 111172 -82959 1 CLEARVIEW LEGACY FOUNDATION PO BOX 30196 CANTON OH 44730 205710365 501(C)(3) 200000 0 SCHOLARSHIP FUTURE CITIZENS FOUNDATION 945 SOUTH MAIN ST SUITE 201 SALINAS CA 93901 260015069 501(C)(3) 90000 0 GIRLS GOLF SUPPORT THE FIRST TEE TRI-VALLEY 4501 PLEASANTON AVE PLEASANTON CA 94566 202189915 501(C)(3) 55000 0 GIRLS GOLF SUPPORT PEGGY KIRK BELL GIRLS GOLF TOUR 5836 BUR-MIL CLUB RD GREENSBORO NC 27410 311713878 501(C)(3) 15000 0 GIRLS GOLF SUPPORT RENAISSANCE JR GOLF 2410 SPRINGFIELD AVE VAUXHALL NJ 07077 223291971 501(C)(3) 15000 0 SCHOLARSHIP THE FIRST TEE HAWAII 4330 KUKUI GROVE ST LIHUE HI 96766 990335776 501(C)(3) 15000 0 GIRLS GOLF SUPPORT WOMEN IN GOLF FOUNDATION PO BOX 16834 ATLANTA GA 30321 582527454 501(C)(3) 12500 0 GENERAL DONATION JUNIOR GOLF ASSOCIATION OF ARIZONA 10888 N 19TH AVE PHOENIX AZ 85029 860464216 501(C)(3) 12000 0 GIRLS GOLF SUPPORT THE GLOVE FOUNDATION 570 SELMA ST MOBILE AL 36603 453113286 501(C)(3) 11000 0 GIRLS GOLF SUPPORT FIRST TEE UPSTATE SOUTH CAROLINA 3515 PELHAM RD SUITE 201 GREENVILLE SC 29615 562199252 501(C)(3) 10000 0 GIRLS GOLF SUPPORT THE SCGA FOUNDATION 3740 CAHUENGA BLVD STUDIO CITY CA 91604 953858373 501(C)(3) 10000 0 GIRLS GOLF SUPPORT DREAMS OF LOIS INC 245 JULIA COURT FAYETTEVILLE GA 30214 273484442 501(C)(3) 7625 0 SCHOLARSHIP FIRST TEE NORTH FLORIDA 101 E TOWN PL STE 100 SAINT AUGUSTINE FL 32092 593577327 501(C)(3) 7000 0 GIRLS GOLF SUPPORT FIRST TEE CENTRAL FLORIDA 1810 LEE ROAD ORLANDO FL 32810 270149539 501(C)(3) 6500 0 GIRLS GOLF SUPPORT KMR GOLF ACADEMY 2001 HEARST AVE BERKELEY CA 94709 522082087 N/A 6500 0 GIRLS GOLF SUPPORT FIRST TEE SOUTH DAKOTA PO BOX 88938 SIOUX FALLS SD 57109 460449824 501(C)(3) 6000 0 GIRLS GOLF SUPPORT LANDRUM GOLF MANAGEMENT 228 COLLEGE PARK DR CRESTVIEW HILLS KY 41017 611234793 N/A 5250 0 GIRLS GOLF SUPPORT NATIONAL ALLIANCE FOR ACCESSBILE GOLF 208 SOUTH COLE RD BOISE ID 83709 300130896 501(C)(3) 5100 0 SCHOLARSHIPS 16 2 SCHOLARSHIPS 1 2750 0 GRANTS FOR GIRLS GOLF 29 83525 0 PART I, LINE 2: THE LPGA FOUNDATION MONITORS THE USE OF FUNDS GRANTED TO RECIPIENTS OF THE JUNIOR GOLF GRANTS BY REQUIRING AN APPLICATION FOR FUNDS AND A FINAL REPORT OF HOW FUNDS WERE SPENT. THE LPGA FOUNDATION MONITORS THE USE OF FUNDS GRANTED TO RECIPIENTS OF THE FINANCIAL ASSISTANCE FUND BY REQUESTING RECEIPTS BE PROVIDED TO THE LPGA FOUNDATION FROM GRANTEES. FOR THE LPGA FOUNDATION SCHOLARSHIP PROGRAM, THE MAJORITY OF FUNDS ARE SENT DIRECTLY TO THE UNIVERSITY FOR THE BENEFIT OF THE GRANTEES. THERE WERE SOME SMALLER GRANTS THAT WERE NOT MONITORED DUE TO COST EFFECTIVENESS AND MATERIALITY. 0 1 0 0 0 0 0 0 0 MOLLIE MARCOUX SAMAAN COMMISSIONER 0 830570 0 440000 0 0 0 9900 0 34136 0 1314606 0 0 MARIAN MOORE SECRETARY 0 384361 0 92500 0 0 0 9900 0 20440 0 507201 0 0 KATHRYN MILTHORPE TREASURER 0 313993 0 75500 0 0 0 9900 0 21338 0 420731 0 0 NANCY HENDERSON PRESIDENT 0 290159 0 69000 0 0 0 9900 0 21900 0 390959 0 0 PART I, LINE 3 COMPENSATION OF THE FOUNDATION'S PRESIDENT IS DETERMINED IN ACCORDANCE WITH THE POLICIES AND PROCEDURES OF THE LADIES PROFESSIONAL GOLF ASSOCIATION, A RELATED ORGANIZATION. LPGA USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B LADIES PROFESSIONAL GOLF ASSOCIATION MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE LPGA TOURNAMENT PLAYER RETIREMENT PLAN WAS ESTABLISHED TO PROVIDE THE ELIGIBLE MEMBERS OF THE TOURNAMENT DIVISION WITH POTENTIAL RETIREMENT BENEFITS. EVERY MEMBER OF THE LPGA TOURNAMENT DIVISION WHO COMPETES IN THE "MINIMUM NUMBER" OF OFFICIAL LPGA TOURNAMENTS ANNUALLY IS ELIGIBLE TO PARTICIPATE IN THE PLAN. AMOUNTS ALLOCATED TO MEMBERS ARE BASED UPON A FORMULA DETERMINED ANNUALLY BY THE BOARD WITH SUCH FORMULA CONSIDERING SUCH FACTORS AS THE NUMBER OF TOURNAMENTS IN WHICH A MEMBER COMPETES, THE AMOUNT OF PRIZE MONEY WON, THE NUMBER OF YEARS A MEMBER HAS PLAYED AND ANY DIRECT SERVICE TO THE ASSOCIATION. DURING 2023, CHEYENNE WOODS WAS A PARTICIPANT IN THE PLAN; HOWEVER, NO AMOUNT WAS ALLOCATED TO HER. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE SOLE MEMBER OF THE LPGA FOUNDATION IS THE LADIES PROFESSIONAL GOLF ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT THE FOUNDATION'S BYLAWS RESERVE TO THE SOLE CORPORATE MEMBER, THE LADIES PROFESSIONAL GOLF ASSOCIATION, THE POWER TO ELECT ONE OR MORE MEMBERS OF THE FOUNDATION'S GOVERNING BODY. ANY DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE MEMBER. THE GOVERNANCE COMMITTEE MAY NOMINATE AT-LARGE DIRECTORS FOR APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL APPROVE AND RECOMMEND AT-LARGE DIRECTORS FOR ELECTION BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL THE FOUNDATION'S BYLAWS RESERVE TO THE SOLE CORPORATE MEMBER, THE LADIES PROFESSIONAL GOLF ASSOCIATION, THE POWER TO AMEND, REPEAL OR RESTATE THE FOUNDATION'S ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT AND THEN SHARED WITH THE FULL BOARD OF DIRECTORS PRIOR TO THE RETURN'S FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST REPORTING FORM ON AN ANNUAL BASIS ON WHICH TO REPORT AND DISCLOSE ANY REAL OR POTENTIAL CONFLICT OF INTEREST OR ETHICAL ISSUE TO THE FOUNDATION. THE OBLIGATION TO REPORT SUCH CONFLICTS OR ISSUES IS ONGOING; THEREFORE, BOARD MEMBERS ARE REQUIRED TO REPORT ANY CHANGE IN CIRCUMSTANCES WHENEVER THEY OCCUR DURING ANY CALENDAR YEAR. EACH CONFLICT OF INTEREST REPORTING FORM SHALL BE SUBMITTED CONFIDENTIALLY FOR REVIEW TO THE PRESIDENT AND SECRETARY, WHO ARE EMPOWERED TO RESOLVE ANY CONFLICT OF INTEREST OR ETHICAL ISSUE THAT MAY COMPROMISE A BOARD MEMBER'S ABILITY TO FULFILL HER OR HIS FIDUCIARY OBLIGATIONS TO THE FOUNDATION. IN THE EVENT THAT A CONFLICT OF INTEREST OR ETHICAL ISSUE CANNOT BE SATISFACTORILY RESOLVED BY THE PRESIDENT AND SECRETARY, THE MATTER SHALL BE REFERRED TO THE FOUNDATION GOVERNANCE COMMITTEE WHICH SHALL SEEK TO RESOLVE THE MATTER. ANY MATTER THAT CANNOT BE RESOLVED BY THE ABOVE PROCEDURES SHALL BE REPORTED TO THE BOARD OF DIRECTORS FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE TALENT AND CULTURE DEPARTMENT OF THE LPGA, IN PARTNERSHIP WITH THE COMMISSIONER AND KEY EXECUTIVES, CONDUCT PERFORMANCE REVIEWS AND DETERMINE COMPENSATION FOR ALL EMPLOYEES ACROSS THE ORGANIZATION. THEIR RECOMMENDATIONS ARE BASED ON THE FOLLOWING METHODS: INDEPENDENT COMPENSATION CONSULTING, COMPARABLE INDUSTRY KNOWLEDGE, AND MARKET SURVEYS, COUPLED WITH PERFORMANCE. THE LAST COMPENSATION SURVEY WAS CONDUCTED IN THE FALL OF 2023. FORM 990, PART VI, SECTION C, LINE 18 SECTION 6104 REQUIREMENT THE FOUNDATION MAKES ITS FORM 990 AVAILABLE AT ITS MAIN PLACE OF BUSINESS AND ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE FOUNDATION'S FORM 1023 IS, LIKEWISE, AVAILABLE AT THE FOUNDATION'S MAIN PLACE OF BUSINESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE TO THE PUBLIC AT MANAGEMENT'S DISCRETION. FORM 990, PART VII, COLUMN E NANCY HENDERSON IS AN EMPLOYEE OF A RELATED ORGANIZATION, LADIES PROFESSIONAL GOLF ASSOCIATION, AND RECEIVES HER FORM W-2 FROM THAT ORGANIZATION. MS. HENDERSON PROVIDES SERVICES BOTH TO THE LPGA AND THE LPGA FOUNDATION. IN THE INTEREST OF CLARITY, THE LPGA FOUNDATION IS REPORTING THAT 50% OF MS. HENDERSON'S COMPENSATION IS ATTRIBUTABLE TO SERVICES RENDERED TO THE LPGA FOUNDATION. LPGA FOUNDATION TOURNAMENT PROPERTIES 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 274445389 GOLF EVENT FL 6700871 216374 LPGA FND LADIES PROFESSIONAL GOLF ASSOC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 750055465 WOMENS GOLF FL 501(C)(6) N/A 0 EXECUTIVE WOMENS GOLF ASSOC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 593348753 WOMENS GOLF FL 501(C)(6) LPGA FOUND 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 LADIES PROFESSIONAL GOLF ASSOCIATION C 931913 CASH LADIES PROFESSIONAL GOLF ASSOCIATION S 266475 DUE TO ENTITY LADIES PROFESSIONAL GOLF ASSOCIATION O 1322078 COST LADIES PROFESSIONAL GOLF ASSOCIATION P 3835342 COST EXECUTIVE WOMENS GOLF ASSOCIATION R 4722 DUE FROM ENTITY