2023-11-15T08:05:13-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 593085528 THE LPGA FOUNDATION LPGA 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 KATHRYN H MILTHORPE TREASURER 3862746200 2023-11-14 1 KATHRYN MILTHORPE 999009999 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NANCY HENDERSON 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 9565943 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. 13 9 0 1600 0 0 2202191 2981030 6593160 6435635 216946 131158 -86000 -118395 8926297 9429428 624475 918725 0 0 589397 716063 0 0 32961 7890831 7729033 9104703 9363821 -178406 65607 9352661 8292695 1042031 1392843 8310630 6899852 X TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 0 0 6295587 6435635 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. 1738495 604186 DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION. 538975 314539 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 2022. 8573057 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 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 89 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL X KATHRYN H MILTHORPE 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 X MOLLIE MARCOUX SAMAAN COMMISSIONER 5.00 37.00 X 0 985494 27253 NANCY HENDERSON PRESIDENT 20.00 22.00 X X 0 346813 24652 VICKI GOETZE-ACKERMAN TRUSTEE 1.00 30.00 X 0 98896 23319 ERIN HAMRICK CHAIR 1.00 1.00 X X 0 0 0 LOUISE BALL TRUSTEE (AS OF 01/2022) 1.00 0.00 X 0 19310 0 SCOTT MCMILLEN TRUSTEE 1.00 0.00 X 0 0 0 JACQUELINE NICKELBERRY TRUSTEE (AS OF 01/2022) 1.00 0.00 X 0 0 0 SUSAN PIKITCH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN STINSON TRUSTEE 1.00 0.00 X 0 0 0 HILARY TUOHY TRUSTEE 1.00 0.00 X 0 0 0 SHERYL WILKERSON TRUSTEE (AS OF 01/2022) 1.00 0.00 X 0 0 0 CHEYENNE WOODS TRUSTEE (AS OF 01/2022) 1.00 0.00 X 0 3000 0 JOHN ZACAMY TRUSTEE (AS OF 01/2022) 1.00 0.00 X 0 0 0 MARIAN MOORE SECRETARY 10.00 32.00 X 0 455474 23412 KATHRYN MILTHORPE TREASURER 10.00 32.00 X 0 389730 30746 0 2298717 129382 0 0 1 0 NBC UNIVERSAL PO BOX 402971 ATLANTA GA 30384 TV/MEDIA PRODUCTION 499999 PRO EM 1450 E GRANT STREET PHOENIX AZ 85034 EVENT OPERATIONS 161289 2 341775 725722 1913533 2981030 LPGA FOUNDERS TOURN. 900099 6435635 6435635 6435635 131158 131158 18120 341775 136515 -118395 -118395 9429428 6435635 0 12763 823050 823050 60675 60675 35000 35000 611778 471069 122356 18353 12024 9258 2405 361 56271 43329 11254 1688 35990 27712 7198 1080 11620 11620 73939 73939 15000 15000 672994 336497 336497 162329 113630 43829 4870 20331 14232 5489 610 60185 12037 46342 1806 139775 97843 37739 4193 3196 3196 6103 6103 TOURNAMENT EXPENSE 6295585 6295585 OUTREACH PROGRAMS 267976 233140 34836 9363821 8573057 757803 32961 840529 1549258 967677 499491 65687 112470 105300 101965 4973 3335 7473795 6128141 9352661 8292695 385215 244403 52360 565740 604456 582700 1042031 1392843 X 2504321 2400806 5806309 4499046 8310630 6899852 9352661 8292695 65607 -1476385 0 X 0 1 X 1 0 X 3841063 1857860 1718730 2202191 2981030 12600874 3841063 1857860 1718730 2202191 2981030 12600874 5021899 7578975 107584 138718 117489 216946 131158 711895 18249 18120 36369 13349138 21223125 0.56780 0.57070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUE - 2021 AMOUNT: $ 18,249. 2022 AMOUNT: $ 18,120. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105300 101965 3335 3335 DUE TO LPGA 582700 582700 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, 2018 THROUGH 2022. 1 NORTH AMERICA 0 0 GRANTMAKING 25000 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 10000 0 0 0 0 0 0 35000 0 35000 SUB-SAHARAN AFRICA GENERAL DONATION 25000 CHECK 0 NORTH AMERICA GIRLS GOLF SUPPORT 10000 CHECK 0 2 0 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 III ACCOUNTING METHOD: CLEARVIEW BENEFIT 320145 306000 14145 1425 38055 80665 CHAMPION DINNER 39750 35775 3975 12126 4244 359895 341775 18120 1425 50181 84909 136515 -118395 1 CLEARVIEW LEGACY FOUNDATION PO BOX 30196 CANTON OH 44730 205710365 501(C)(3) 200000 0 SCHOLARSHIP SCGA FOUNDATION 3740 CAHUENGA BLVD STUDIO CITY CA 91604 953858373 501(C)(3) 25575 0 GIRLS GOLF SUPPORT GOLF FORE AFRICA 32531 N SCOTTSDALE RD SUITE 105 SCOTTSDALE AZ 85266 261753089 501(C)(3) 25000 0 GENERAL DONATION MORGAN PRESSEL FOUNDATION 7933 YORKSHIRE CT BOCA RATON FL 33496 272854677 501(C)(3) 25000 0 GENERAL DONATION THE JULI INKSTER FOUNDATION 451 LOS GATOS BLVD LOS GATOS CA 95032 851469760 501(C)(3) 25000 0 GENERAL DONATION GIRLS GOLF OF AMERICA 5834 BUR-MIL CLUB RD GREENSBORO NC 27410 311713878 501(C)(3) 25000 0 GIRLS GOLF SUPPORT USA GOLF FEDERATION ONE WORLD GOLF PLACE SAINT AUGUSTINE FL 32092 454319643 501(C)(3) 12500 0 GIRLS GOLF SUPPORT RENAISSANCE JUNIOR GOLF 2410 SPRINGFIELD AVENUE VAUXHAUL NJ 07077 223291971 501(C)(3) 12250 0 GIRLS GOLF SUPPORT WOMEN IN GOLF FOUNDATION INC PO BOX 16834 ATLANTA GA 30321 582527454 501(C)(3) 10750 0 GIRLS GOLF SUPPORT KARYN DUNPHY LLC 717 N VALLEY VIEW BLVD LAS VEGAS NV 89107 883763593 N/A 10325 0 GIRLS GOLF SUPPORT JUNIOR GOLF ASSOC OF ARIZONA 10888 NORTH 19TH AVENUE PHOENIX AZ 85029 860464216 501(C)(3) 7500 0 GIRLS GOLF SUPPORT FIRST TEE JERSEY SHORE PO BOX 665 POINT PLEASANT BEACH NJ 08742 300238834 501(C)(3) 10000 0 GIRLS GOLF SUPPORT FIRST TEE GREATER WASHINGTON 2020 PENNSYLVANIA AVE NW WASHINGTON DC 20006 522195691 501(C)(3) 7500 0 GIRLS GOLF SUPPORT CHILDREN'S GOLF FOUNDATION 7301 N HAVERHILL ROAD RIVERIA BEACH FL 33407 650262208 501(C)(3) 7030 0 GIRLS GOLF SUPPORT FIRST TEE OF SIOUXLAND PO BOX 1234 SIOUX CITY IN 51102 465439327 501(C)(3) 7000 0 GIRLS GOLF SUPPORT THE GLOVE FOUNDATION 570 SELMA ST MOBILE AL 36603 453113286 501(C)(3) 7000 0 GIRLS GOLF SUPPORT THE FIRST TEE OF NORTH FLORIDA 475 WEST TOWN PLACE SAINT AUGUSTINE FL 32092 593577327 501(C)(3) 6500 0 SCHOLARSHIP THE MORTON FOUNDATION 7309 E LIVINGSTON AVE REYNOLDSBURG OH 43068 311676188 501(C)(3) 5675 0 GIRLS GOLF SUPPORT WORLD OF GOLF FOUNDATION 7400 WOODSPOINT DRIVE FLORENCE KY 41042 611234793 501(C)(3) 5500 0 GIRLS GOLF SUPPORT NATIONAL ALLIANCE FOR ACCESSIBLE GOLF 2061 NW 21ST TERRACE 103 STUART FL 34994 300130896 501(C)(3) 5100 0 GIRLS GOLF SUPPORT 19 1 SCHOLARSHIPS 1 2000 GRANTS FOR GIRLS GOLF PROGRAMS 26 58675 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 0 0 0 0 0 0 0 0 MOLLIE MARCOUX SAMAAN COMMISSIONER 0 802494 0 183000 0 0 0 5548 0 21705 0 1012747 0 0 MARIAN MOORE SECRETARY 0 356154 0 99320 0 0 0 9150 0 14262 0 478886 0 0 KATHRYN MILTHORPE TREASURER 0 302000 0 87730 0 0 0 9150 0 21596 0 420476 0 0 NANCY HENDERSON PRESIDENT 0 276000 0 70813 0 0 0 9150 0 15502 0 371465 0 0 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 COMMISSIONER OF LADIES PROFESSIONAL GOLF ASSOCIATION, A RELATED ORGANIZATION, IS CHARGED WITH RECOMMENDING THE APPOINTMENT OF OFFICERS AND KEY EMPLOYEES, CONDUCTING THEIR PERFORMANCE REVIEWS AS WELL AS DETERMINING THEIR COMPENSATION. THIS RECOMMENDATION IS BASED ON THE FOLLOWING METHODS: COMPARABLE INDUSTRY KNOWLEDGE AND MARKET SURVEYS. THE BOARD OF DIRECTORS OF LADIES PROFESSIONAL GOLF ASSOCIATION REVIEWS COMPENSATION DURING THE BUDGET PROCESS. 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 6435635 236409 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 825722 CASH LADIES PROFESSIONAL GOLF ASSOCIATION S 582700 DUE TO ENTITY LADIES PROFESSIONAL GOLF ASSOCIATION O 980376 REIMBURSEMENT LADIES PROFESSIONAL GOLF ASSOCIATION P 4213811 REIMBURSEMENT EXECUTIVE WOMENS GOLF ASSOCIATION R 330216 DUE FROM ENTITY