2022-04-15T08:47:52-05:00 2021-05-31 593040705 RIVERO GORDIMER & COMPANY PA P O BOX 172359 TAMPA FL 33672 990 2020-06-01 592319162 COPPERHEAD CHARITIES INC COPP 7279425566 36750 US HIGHWAY 19 NORTH PALM HARBOR FL 34684 TRACY WEST TOURNAMENT DIRECTOR 7279425566 2022-01-21 1 TRACY WEST 999009999 SAM A LAZZARA P01342929 8138757774 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VALSPAR CHAMPIONSHIP TRACY WEST 36750 US HIGHWAY 19 NORTH PALM HARBOR FL 34684 12333145 0 X VALSPARCHAMPIONSHIP.COM X 1977 FL PROVIDE AID TO TAMPA BAY CHARITIES. 18 18 0 2000 0 0 7392560 4931514 146167 7370644 34223 30987 0 0 7572950 12333145 1405568 1657002 0 0 1388922 1588678 0 0 8159324 5089101 8808856 7883591 12054536 -310641 278609 6857577 6724510 4949720 4294429 1907857 2430081 PROVIDE AID TO TAMPA BAY AREA CHARITIES THROUGH FUNDRAISING EVENTS CENTERED AROUND PROFESSIONAL GOLF. 0 0 3519508 1657002 7370644 BIRDIES FOR TAMPA BAY CHARITIES IS DESIGNED TO GIVE PARTICIPATING 501(C)(3) CHARITIES THE OPPORTUNITY TO GENERATE CONTRIBUTIONS FOR THEIR ORGANIZATIONS BASED ON THE NUMBER OF "BIRDIES" MADE BY CONTESTANTS DURING THE VALSPAR CHAMPIONSHIP (A PGA TOUR EVENT). THE ORGANIZATION HAS GENERATED OVER $47 MILLION FOR CHARITIES, PRIMARILY IN THE TAMPA BAY AREA, WHILE ALSO STAGING THE AMENITIES FOR GOLF FANS TO VIEW THE BEST IN PGA TOUR COMPETITION EACH MARCH ON THE COPPERHEAD COURSE AT INNISBROOK RESORT IN PALM HARBOR, FLORIDA. AN INDEPENDENT ECONOMIC IMPACT STUDY PERFORMED IN JULY 2015 BY THE UNIVERSITY OF SOUTH FLORIDA COLLEGE OF BUSINESS SPORT AND ENTERTAINMENT MANAGEMENT PROGRAM AND SPORTSECONOMICS, LLC FOUND THAT TOURNAMENT ACTIVITIES TRANSLATE TO AN ANNUAL ECONOMIC IMPACT OF OVER $51 MILLION TO THE TAMPA BAY AREA. 3519508 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 9 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 FL X THE ORGANIZATION 7279425566 36750 US HIGHWAY 19 NORTH PALM HARBOR FL 34684 JIM EISCH GENERAL CHAIR 3.00 X X 0 0 0 RONDE BARBER VICE CHAIR 2.50 X X 0 0 0 LISA SMITHSON SECRETARY & TREASURER 1.00 X X 0 0 0 TRACY WEST TOURNAMENT DIRECTOR 40.00 X 322520 0 0 KEITH ROBINSON IMMEDIATE PAST CHAIR 1.00 X 0 0 0 JOHN MOSHER MEMBERSHIP CHAIRMAN 1.00 X 0 0 0 JOHN COURIS DIRECTOR 1.00 X 0 0 0 PETE JONES DIRECTOR 1.00 X 0 0 0 RAY BOUCHARD DIRECTOR 1.00 X 0 0 0 HOLLIS CAVNER DIRECTOR 1.00 X 0 0 0 RONICE BARLOW DIRECTOR 1.00 X 0 0 0 JOHN ASTRAB DIRECTOR 1.00 X 0 0 0 DOUG WOOLARD DIRECTOR 1.00 X 0 0 0 TOM GATES DIRECTOR 1.00 X 0 0 0 DAN DOYLE JR DIRECTOR 1.00 X 0 0 0 RON PETRINI DIRECTOR 1.00 X 0 0 0 ALLIE CANTONIS DIRECTOR 1.00 X 0 0 0 CHRIS SULLIVAN DIRECTOR 1.00 X 0 0 0 ALYSSA RHODES DIRECTOR 1.00 X 0 0 0 JAMES HARRISON SALES MARKETING DIRECTOR 40.00 X 208992 0 0 531512 0 0 2 0 1 0 PRO LINKS SPORTS OF TAMPA LLC 758 NORTH US HWY 1 TEQUESTA FL 33649 EVENT MANAGEMENT 491223 1 133917 164500 4633097 4931514 TOURNAMENT SALES 713990 7368228 7368228 2416 2416 7370644 22245 22245 8742 0 8742 8742 8742 12333145 7370644 0 30987 1657002 1657002 531512 93015 72445 366052 778941 136315 106170 536456 204797 35839 27914 141044 73428 12850 10009 50569 20850 20850 62310 16632 20730 24948 162364 32473 129891 53377 4270 9886 39221 37937 3035 1137 33765 22695 2269 5674 14752 5846 2046 1169 2631 77307 23192 54115 91463 9147 22865 59451 51110 10222 40888 TOURNAMENT EXPENSES 5011253 1002250 0 4009003 TOURNAMENT PRIZE MONEY 3164000 474600 0 2689400 MISCELLANEOUS 48344 4351 22740 21253 12054536 3519508 375704 8159324 743684 330614 894444 1712041 2684620 1760927 547545 559351 661847 528805 210654 133042 1193467 1466722 390000 390000 193163 371813 6857577 6724510 2817889 2249123 0 1157721 1774168 357568 164500 158204 193163 371813 4949720 4294429 X 1907857 2430081 1907857 2430081 6857577 6724510 278609 243615 0 X X 0 1 X 1 0 X 6061673 6409407 6363648 5527560 4931514 29293802 6061673 6409407 6363648 5527560 4931514 29293802 13640621 15653181 2705 10050 18145 34223 35709 100832 29394634 29385484 0.53250 0.45000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 588229 528805 59424 73618 73618 133042 ANNUITY - MORGAN STANLEY 390000 C 390000 DEFERRED COMPENSATION TRUST 371813 371813 DEFERRED COMPENSATION RESERVE 371813 371813 X 12576760 243615 243615 12333145 0 12333145 12054536 0 12054536 0 12054536 PART X, LINE 2: THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. TAX YEARS AFTER 2017 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 CHI CHI RODRIGUEZ FOUNDATION 3030 N MCMULLEN BOOTH ROAD CLEARWATER FL 33761 592017124 501(C)(3) 6446 GENERAL SUPPORT THE FIRST TEE OF TAMPA BAY ROGERS PARK GC 7910 N 30TH STREET TAMPA FL 33610 591742909 501(C)(3) 10000 GENERAL SUPPORT HABITAT FOR HUMANITY PINELLAS & W PASCO 13355 49TH STREET NORTH CLEARWATER FL 33762 592509116 501(C)(3) 95826 GENERAL SUPPORT ST PETERSBURG COLLEGE FOUNDATION INC 6021 142ND AVENUE N CLEARWATER FL 33760 591954362 501(C)(3) 37400 GENERAL SUPPORT TARPON SPRINGS HS BAND BOOSTER CLUB PO BOX 642 TARPON SPRINGS FL 34688 592135073 501(C)(3) 20386 GENERAL SUPPORT BETA BETA CHAPTER 363 W DRAKE ROAD FORT COLLINS CO 80562 841413835 501(C)(4) 8500 GENERAL SUPPORT THE FIRST TEE OF CLEARWATER 3030 MCMULLEN BOOTH RD CLEARWATER FL 33761 592017124 501(C)(3) 39525 GENERAL SUPPORT GARY AND DONNA KOCH FAMILY FOUNDATION 2934 W LAWN AVENUE TAMPA FL 33611 472173745 501(C)(3) 5000 GENERAL SUPPORT GFWC HARBOR SPRINGS WOMAN'S CLUB 2901 BAYSHORE BLVD TAMPA FL 33629 274593142 501(C)(3) 9339 GENERAL SUPPORT GIRL SCOUTS OF WEST CENTRAL FLORIDA 4610 EISENHOWER BLVD TAMPA FL 33634 590624454 501(C)(3) 19435 GENERAL SUPPORT PLEASANT VALLEY BAPTIST CHURCH 1700 KLOSTERMAN RD PALM HARBOR FL 34683 591965120 501(C)(3) 7500 GENERAL SUPPORT SUNCOAST MASTER MASON ASSOCIATION PO BOX 562 PALM HARBOR FL 34682 843049914 501(C)(3) 6848 GENERAL SUPPORT USF SPORT & ENTERTAINMENT MNGMNT ASSOCIATION 4202 E FOWLER AVE TAMPA FL 33620 465003024 501(C)(3) 15000 GENERAL SUPPORT 12 1 PART I, LINE 2: THE TOURNAMENT HAS THE "BIRDIES FOR TAMPA BAY CHARITIES" PROGRAM, WHICH HAS LOCAL CHARITIES SOLICIT PLEDGES THAT ARE WRITTEN TO THE VALSPAR CHAMPIONSHIP. AT THE END OF THE PROGRAM, THOSE PLEDGES AND ADDITIONAL FUNDS FROM THE TOURNAMENT ARE GRANTED TO THE RESPECTIVE CHARITIES. THE TOURNAMENT ONLY ALLOWS DOCUMENTED 501(C)(3) NON PROFIT CHARITIES TO PARTICIPATE IN THIS PROGRAM. X X X 0 1 0 0 0 0 0 0 0 TRACY WEST TOURNAMENT DIRECTOR 244520 0 78000 0 0 0 0 0 0 0 322520 0 0 0 JAMES HARRISON SALES MARKETING DIRECTOR 79963 0 129029 0 0 0 0 0 0 0 208992 0 0 0 PART I, LINE 4B THE ORGANIZATION ENTERED INTO A RABBI TRUST AGREEMENT IN AUGUST 2018 WITH AN INDIVIDUAL FROM MANAGEMENT IN ORDER TO RETAIN THE EMPLOYEE THROUGH THE 2022 VALSPAR CHAMPIONSHIP. THE AGREEMENT ACTS SIMILAR TO A DEFERRED COMPENSATION PLAN AND REQUIRED AN INITIAL DEPOSIT OF $100,000. THE INITIAL DEPOSIT WAS DEPOSITED INTO THE TRUST ACCOUNT ON AUGUST 8, 2018. THE AGREEMENT ALSO REQUIRES ADDITIONAL ANNUAL PAYMENTS NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FOR THE 2019 THROUGH 2022 VALSPAR CHAMPIONSHIP. ANNUAL PAYMENT AMOUNTS ARE AT THE DISCRETION OF THE ORGANIZATION'S BOARD OF DIRECTORS FORM 990, PART V, LINE 2A: COPPERHEAD CHARITIES, INC. CONTRACTS WITH A SPORTS MANAGEMENT ORGANIZATION FOR THE ADMINISTATION OF ITS EMPLOYEES. UNDER THIS AGREEMENT, ALL EMPLOYEES OF COPPERHEAD ARE IN ACTUALITY EMPLOYEES OF THE SPORTS MANAGEMENT ORGANIZATION. DUE TO THIS AGREEMENT, COPPERHEAD CHARITIES DOES NOT FILE A FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS, BUT RATHER THE SPORTS MANAGEMENT ORGANIZATION WILL FILE FORM W-3 THAT WOULD INCLUDE THE EMPLOYEES OF COPPERHEAD CHARITIES. AS OF MAY 31, 2021, COPPERHEAD CHARITIES WAS UTILIZING 9 EMPLOYEES THROUGH THE SPORTS MANAGEMENT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 IN SEPTEMBER 2013, THE ORGANIZATION ENTERED INTO A SPORTS EVENT MANAGEMENT AND MARKETING AGREEMENT (THE "AGREEMENT") WITH PRO LINKS SPORTS OF TAMPA, LLC. PRO LINKS IS A FULL-SERVICES GOLF MANAGEMENT COMPANY THAT PROVIDES MANAGEMENT AND MARKETING FUNCTIONS FOR THE VALSPAR CHAMPIONSHIP EFFECTIVE JUNE 1, 2014. PRO LINKS, THROUGH ITS AFFILIATES, MANAGES AND MARKETS VARIOUS PGA TOUR-SANCTIONED GOLF TOURNAMENTS SIMILAR TO THE VALSPAR CHAMPIONSHIP THROUGHOUT THE COUNTRY. THE AGREEMENT PROVIDES THAT PRO LINKS WILL MANAGE ALL ASPECTS OF THE VALSPAR CHAMPIONSHIP, INCLUDING SALES AND MARKETING, COURSE OPERATIONS, TOURNAMENT OPERATIONS, AND ACTIVITIES INVOLVING PLAYERS, HOSPITALITY AND VOLUNTEERS. TO FULFILL ITS RESPONSIBILITIES UNDER THE AGREEMENT, PRO LINKS WILL ASSIGN VARIOUS EMPLOYEES AND CONTRACTORS TO THE PERFORMANCE OF SERVICES WITHIN THE AGREEMENT. AS SUCH, PREVIOUS EMPLOYEES OF THE ORGANIZATION BECAME EMPLOYEES OF PRO LINKS EFFECTIVE JUNE 1, 2014. THE AGREEMENT SHALL REMAIN IN EFFECT FROM ITS INITIAL TERM AND SHALL RUN CO-TERMINUS WITH THE TITLE SPONSOR AGREEMENT, INCLUDING ANY RENEWALS OR EXTENSIONS. THE ORGANIZATION COMPENSATES PRO LINKS FOR ALL EMPLOYMENT AND TOURNAMENT EXPENSES AS OUTLINED IN THE AGREEMENT. IN ADDITION, THE ORGANIZATION PAYS AN ANNUAL MANAGEMENT FEE, TOTALING $491,223 FOR THE FISCAL YEAR ENDED MAY 31, 2021, PLUS AN ANNUAL PERFORMANCE BONUS BASED ON NET TOURNAMENT PROCEEDS (AS DEFINED IN THE AGREEMENT). THE ORGANIZATION PAID PRO LINKS APPROXIMATELY $1,897,000 FOR THE YEAR ENDED MAY 31, 2021. THIS AMOUNT INCLUDES EMPLOYMENT AND TOURNAMENT EXPENSES, ANNUAL MANAGEMENT FEE, AND ANNUAL PERFORMANCE BONUS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESCRIBED IN THE ORGANIZATION'S BYLAWS. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES HAVE BEEN MADE AWARE OF THE POLICY AND ARE EXPECTED TO DICSCLOSE ANY POTENTIAL CONFLICTS AND TO RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE RELATED TO THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED THROUGH A PROCESS BY WHICH INFORMATION IS GATHERED REGARDING SALARIES PAID TO INDIVIDUALS IN SIMILAR POSITIONS AT OTHER ORGANIZATIONS. THIS INFORMATION IS USED TO HELP THE BOARD ARRIVE AT THE PRESIDENT'S COMPENSATION PACKAGE, WHICH IS SPELLED OUT IN A FORMAL EMPLOYMENT CONTRACT. THE ORGANIZATION HAS TWO OFFICERS OTHER THAN THE PRESIDENT AND NO OTHER KEY EMPLOYEES. THEIR COMPENSATION IS PROPOSED BY THE PRESIDENT, BASED UPON COMPENSATION PAID FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS, AND IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION NOTES THAT IT IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 THE FORMS 1023 AND 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR.