2017-10-11T10:46:10-07:00 2016-11-30 135381590 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2015-12-01 131427105 UNITED STATES GOLF ASSOCIATION UNIT 9082342300 77 Liberty Corner Road Far Hills NJ 07931 Susan Pikitch Assistant Treasurer 9082342300 2017-10-11 1 Paul Hammerschmidt P01384178 2128858321 2017-10-11 2015 2021-01-29 14:40:06Z USGA Mike Davis 77 Liberty Corner Road Far Hills NJ 07931 221281726 0 X www.usga.org X 1894 DE The United States Golf Association promotes and conserves the true spirit of the game of golf as embodied in its ancient and honorable traditions. It acts in the best interests of the game for the continued enjoyment of those who love and play it. The USGA serves the game most visibly through the conduct of its national championships and international competitions. Together with The R&A, the USGA provides governance for the game worldwide, jointly administering the Rules of Golf, establishing equipment standards, and formulating the Rules of Amateur Status. The USGA also maintains the USGA Handicap and Course Rating Systems, develops and promotes sustainable golf course management practices, celebrates the history of the game, and fosters access to the game for all who wish to play. 15 15 444 13000 2479151 754978 21083894 23580084 158511196 156717583 17067403 16717218 12214237 9641514 208876730 206656399 4832725 5833390 0 0 47150857 50611923 129802 142796 3421176 140244618 132732754 192358002 189320863 16518728 17335536 381705431 408419628 79847180 93391575 301858251 315028053 The United States Golf Association (USGA) promotes and conserves the true spirit of the game of golf as embodied in its ancient and honorable traditions. It acts in the best interests of the game for the continued enjoyment of those who love and play it. 0 0 88030730 139307259 USGA Championships, including broadcasts - Each year, the USGA conducts the United States Open, United States Women's Open and United States Senior Open Championships, which include amateur and professional golfers from around the world. The USGA also conducts annually ten national amateur golf championships. In 2016, nearly 40,000 people competed in these USGA championships. Additionally, more than 500,000 people attended these USGA championships as spectators. By exposing the public to these USGA championships through various spectator packages, national and international television and radio broadcasts, and digital and social media platforms the USGA promotes worldwide interest in the game of golf and inspires participation in the game. The USGA also leverages these same platforms to disseminate educational materials and information regarding environmental and economic sustainability, STEM education, diversity and inclusion, history, and other relevant topics. The USGA also sponsors teams for several international amateur golf championships. 11249150 6679471 USGA Members Program - Each year, the USGA provides educational materials and other support to people who have expressed an interest in the game of golf by electing to enroll in the USGA Members Program. Such educational materials include information and education about the Rules of Golf, USGA championships, environmental sustainability, STEM education, diversity and inclusion, and history, as well as other relevant topics. The USGA also provides a digital newsletter and access to the USGA's websites that include information on a wide variety of golf topics. In 2016, more than 663,000 people opted to enroll in the USGA Members Program. 7430746 5633518 GHIN (Golf Handicap and Information Network) - GHIN is a handicap computation service that allows golfers of differing abilities to compete against one another in a fair and equitable manner. This service began in 1981 with the Metropolitan Golf Association (New York) as the first user; GHIN currently provides services to 83 golf associations domestically and internationally, and provides billable handicaps to over 2.2 million golfers. 43262131 5833390 5097335 Each year the USGA provides a variety of programs that benefit everyone who plays the game. The USGA writes and interprets the Rules of Golf, and provides seminars and publications to educate golfers about the Rules. The USGA administers the Rules of Amateur Status in the USA and Mexico. The USGA monitors equipment standards to ensure that skill rather than technology represents the essence of the game. The USGA maintains national handicap and course rating systems to enable golfers of varying skill to compete fairly and equitably. USGA agronomists provide course consulting services to golf facilities throughout the United States and abroad for the purpose of advancing environmental and economic best management practices. The USGA Green Section also provides speakers, on-line publications and on-line conferences to educate interested parties about environmental and agronomic issues affecting the game of golf, as well as the broader community. The USGA provides grants to colleges and universities to finance turfgrass and environmental research to benefit golf courses and the environment. The USGA supports grassroots golf programs for juniors, as well as accessible programs for physically challenged golfers. The USGA provides education and information through public service announcements, championship webcasts, digital and social media platforms, publications, meetings and seminars. The USGA supports local, state and regional golf associations in their local efforts and provides grants to these associations to fund internships to help administer their local programs. The USGA maintains a museum dedicated to the game's history that serves as caretaker and steward of extensive historical collections. 43262131 5833390 5097335 149972757 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 616 0 1 444 1 1 1 1 CJ VI 0 0 1 1 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT FL GA HI IL IN KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WY X X X Mark Loftus 9082342300 77 Liberty Corner Road Far Hills NJ 07931 Thomas J O'Toole Jr Executive Committee Member and President 30 0 X X 0 0 0 Diana M Murphy Executive Committee Member and Vice President 20 0 X X 0 0 0 William W Gist IV Executive Committee Member and Vice President 20 0 X X 0 0 0 Sheila C Johnson Executive Committee Member and Secretary 10 0 X X 0 0 0 Mark E Newell Executive Committee Member and Treasurer 10 0 X X 0 0 0 William E Fallon Executive Committee Member 10 0 X 0 0 0 J Stuart Francis Executive Committee Member 10 0 X 0 0 0 Malcolm Holland III Executive Committee Member 10 0 X 0 0 0 Glenn Thomas Hough Executive Committee Member 10 0 X 0 0 0 Robert D Kain Executive Committee Member 10 0 X 0 0 0 Martha J Lang Executive Committee Member 10 0 X 0 0 0 Gregory B Morrison Executive Committee Member 10 0 X 0 0 0 Asuka Nakahara Executive Commmittee Member 10 0 X 0 0 0 Mark P Reinemann Executive Committee Member 10 0 X 0 0 0 George J Still Jr Executive Committee Member 10 0 X 0 0 0 Daniel B Burton Executive Committee Member and VP thru 2-2015 20 0 X X 0 0 0 William L Katz Executive Committee Member and Sec thru 2-2015 10 0 X X 0 0 0 Karen S Ammerman Executive Committee Member thru 2-2015 10 0 X 0 0 0 Edward G Michaels III Executive Committee Member thru 2-2015 10 0 X 0 0 0 Kathryn Carson Assistant Secretary and Chief Legal Officer 40 0 X 396862 0 41731 Susan Pikitch Assistant Treasurer and Chief Financial Officer 40 0 X 215367 0 33206 Mike Davis Executive Director/CEO 40 0 X 2013535 0 99318 Michael Butz Senior Managing Director 40 0 X 553603 0 45091 Sarah Hirshland Senior Managing Director 40 0 X 516951 0 67074 John Bodenhamer Senior Managing Director 40 0 X 493261 0 63868 Rand Jerris Senior Managing Director 40 0 X 527157 0 45446 Steven Schloss Senior Managing Director 40 0 X 378376 0 56214 Andrew Rhodes Senior Director, Championships 40 0 X 267769 0 34972 Reg Jones Managing Director, U.S. Open Championships 40 0 X 328055 0 33866 Mary Lopuszynski Senior Director, Merchandise & Licensing 40 0 X 325529 0 19468 John Spitzer Managing Director, Equipment Standards 40 0 X 298869 0 31425 Jeff Hall Managing Director, Rules & Open Championships 40 0 X 283922 0 29750 Kimberly Erusha Managing Director, Green Section 40 0 X 274416 0 23649 6873672 0 625078 115 0 1 0 Deloitte Consulting 4022 Sells Drive Hermitage TN 37076 Business consultant 12949864 Arena Americas 7000 S 10th Street Oak Creek WI 53154 Tents for US Open (rental) 6121642 Los Angeles Country Club 10101 WILSHIRE BLVD Los Angeles CA 90024 Host Club for US Open 2515033 TUCCI & SONS INC 4224 WALLER ROAD EAST Tacoma WA 98443 Paving and Restoration at US Open 2434794 Aggreko LLC PO BOX 972562 Dallas TX 75397 Generator service 2298145 215 0 10017922 0 0 0 13562162 316200 23580084 Championship, including Broadcast 711300 139307259 139307259 0 0 USGA Members Program 711300 6679471 6679471 0 0 GHIN 711130 5633518 5633518 0 0 Green Section Services 711300 1712737 1712737 0 0 Equipment Standards & Testing 711300 1444050 1444050 0 0 1940548 1038070 902478 0 156717583 16397374 0 700120 15697254 0 0 0 0 1822149 0 0 1822149 0 0 7495913 13391 7184796 4664 311117 8727 319844 0 0 319844 0 15255232 7435867 7819365 6942812 876553 0 0 206656399 162757917 2479151 17839247 5765390 5765390 0 0 68000 68000 0 0 6471559 455390 6016169 0 0 0 0 0 31506886 22781412 7897446 828028 4783112 4324824 444219 14069 5353423 2581879 2577782 193762 2496943 1650280 787278 59385 0 0 0 0 540320 540320 0 0 186712 0 186712 0 0 0 0 0 142796 142796 826136 0 826136 0 16007222 11364217 4643005 0 1048361 1029491 18870 0 12919439 10108094 752937 2058408 18430574 12810350 5508335 111889 0 0 0 0 2859703 2844449 15254 0 4836684 3852160 980133 4391 0 0 0 0 2726045 1325003 1401042 0 0 0 0 0 0 0 0 0 4049506 2922346 1127160 0 2555607 2396621 158986 0 Championships - prize money 18250000 18250000 0 0 Championships - other expenses 44338772 44162237 176535 0 3157673 740294 2408931 8448 189320863 149972757 35926930 3421176 69084 88973 17805796 23216860 0 0 4509582 4201654 0 0 0 0 0 1212000 172529 1045802 15934114 15333819 85924742 43276284 35399747 42648458 228413185 242828188 79401394 77843874 0 0 0 0 0 0 381705431 408419628 18853992 26688811 0 0 40425472 40321260 0 0 0 0 0 0 0 0 0 20567716 26381504 79847180 93391575 X 301808054 314977856 0 0 50197 50197 301858251 315028053 381705431 408419628 X 17335536 -3024867 1869017 0 0 -3009884 X 0 1 X 1 0 X 19968269 21164940 16932728 21083894 25449101 104598932 117039349 123747083 143963353 178826579 171406341 734982705 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 137007618 144912023 160896081 199910473 196855442 839581637 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 839581637 5962004 8403013 8762023 18275218 18219523 59621781 411819 425253 377550 454899 566474 2235995 6373823 8828266 9139573 18730117 18785997 61857776 0 0 0 0 0 0 0 0 0 0 0 0 143381441 153740289 170035654 218640590 215641439 901439413 0.93138 0.93787 0.06862 0.06213 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 0 50197 0 4000 0 4000 0 50197 50197 0 4000 0 4000 0 50197 50197 0 4000 0 4000 0 50197 50197 0 4000 0 4000 0 50197 0 50197 0 0 0 0 50197 0 1 0 0 0 0 2192482 2192482 0 64519275 35651185 28868090 0 0 0 0 0 19212985 7625099 11587886 0 0 0 0 42648458 Emerging markets fund 1707337 F Absolute return hedge fund 14166125 F Absolute return hedge fund 5753556 F Absolute return hedge fund 7979597 F Long/short hedge fund of funds 30528624 F Multi-strategy hedge fund 407293 F Infrastructure partnership 7243623 F Private equity fund of funds 10057719 F 77843874 0 Accrued 457 (F) 2910005 Accrued Ret Benefits payable 12471722 Accrued Pension 10999777 26381504 X 202200895 0 4812460 0 7440529 12252989 189947906 0 16708493 16708493 206656399 198764656 2943441 0 0 7440529 10383970 188380686 1064177 -124000 940177 189320863 Schedule D, Part III, Line 1 The USGA Museum collection includes works of art, library materials, photographic images, film and video, and artifacts of historical and cultural significance. The collection is held for public exhibition, education and research. No value is assigned to the collection in the statements of financial position. Schedule D, Part III, Line 4 The USGA Museum maintains the world's largest and most complete collection of golf history. By collecting, preserving and interpreting the historical developments of the game in the United States, with an emphasis on the USGA and its championships, the museum promotes a greater understanding of golf's cultural significance for a worldwide audience. The museum sponsors a rich array of programs designed to educate and inspire the public about the history of golf and the USGA's role in the game's development. The museum offers a wide variety of programming to suit audiences of all ages. Artifacts from the collection travel across the country, as well as internationally, to USGA championship sites, member clubs, and national and local museums and libraries. A comprehensive website enables photos, videos and other historical content to be shared with a worldwide audience. Schedule D, Part V, Line 4 In 2011, the USGA Foundation ceased to exist. Remaining assets and liabilities of the USGA Foundation were accepted by the USGA. Included in the assets and liabilities were two permanent endowment funds that had been created as a result of donations received in the 1980's. The first endowment is to fund junior golf programs and is the result of a $20,000 donation. The donor specified that only earned income should be used. The USGA will comply with this restriction by using all earned income to fund junior golf programs in the year the income is earned. The second endowment is to fund turf research and is the result of a $30,197 donation. The donor specified that only earned income should be used. The USGA will comply with this restriction by using all earned income to fund turf research in the year the income is earned. Schedule D, Part X, Line 2 The USGA is exempt from Federal and state income taxes under Section 501 (c)(3) of the Internal Revenue Code (the "Code"), except for any income derived from unrelated business activities. Taxes of $291,710 and $235,303 were paid on unrelated business income in 2016 and 2015, respectively. In addition, the USGA has been determined by the Internal Revenue Service ("IRS") not to be a "private foundation" within the meaning of Section 509(a) of the Code. The USGA has filed for and received income tax exemptions as well as IRS forms 990 and 990-T in the jurisdictions where they are required to do so. For the years ended November 30, 2016 and 2015, there were no interest or penalties incurred. As of November 30, 2016, the USGA believes it is no longer subject to income tax examinations for the fiscal years prior to 2013. The USGA is required to recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The USGA believes it has not taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. Schedule D, Part XI, Line 2d $7,435,867 is cost of goods sold, as per Part VIII, line 10b. On the audited financial statements, these expenses are program service expenses. $4,664 is the adjusted basis at time of sale of company car. Schedule D, Part XI, Line 4b Investment income of $16,397,374 as per Part VII, Line 3. And realized gains on sales of investments of $311,117 as per part VIII, Line 7c(i). On the audited financial statements, these revenues are netted against unrealized gains (losses) and investment management fees. On the audited financial statements, the net figure is recorded as an increase or (decrease) in net assets. Schedule D, Part XII, Line 2d $7,435,867 is cost of goods sold, as per Part VIII, line 10b. On the audited financial statements these expenses are program service expenses. $4,664 is the adjusted basis at time of sale of company car. Schedule D, Part XII, Line 4b Adjustment made to the defined benefit pension obligation and other retirement benefit obligations at year end. 1 North America (including Canada and Mexico, but not the United States) 0 0 Program Services 2016 World Amateur Team Championship-travel 195519 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Course Consulting Service visits-travel 14140 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Canadian work permit applications-legal fees 6380 North America (including Canada and Mexico, but not the United States) 0 0 Program Services US Amateur & US Women's Amateur qualifying-travel 14678 North America (including Canada and Mexico, but not the United States) 0 0 Program Services ISHA Annual Conference & Board meeting-travel 4788 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Puerto Rico Golf Association meeting-travel 3359 North America (including Canada and Mexico, but not the United States) 0 0 Program Services World Handicap Committee meeting-travel 4471 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research, Science and Innovation-related travel 22474 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Mexican Golf Federation Rules of Golf workshop-travel 934 North America (including Canada and Mexico, but not the United States) 0 0 Program Services JRC Meeting-travel 23559 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Rules Review Working Group meeting-travel 3806 North America (including Canada and Mexico, but not the United States) 0 0 Program Services RBC Canadian Open Rules Official-travel 1428 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Golf Canada meeting-travel 1967 Central America and the Caribbean 0 0 Program Services 2016 Latin American Amateur Championship-travel 7911 Central America and the Caribbean 0 0 Program Services 2017 Latin American Amateur Championship site visit-travel 9104 Central America and the Caribbean 0 0 Program Services GHIN training for new golf association-travel 1567 East Asia and the Pacific 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 East Asia and the Pacific 0 0 Program Services Japan Golf Show & Japan Golf Association meeting-travel 8603 East Asia and the Pacific 0 0 Program Services Asian Course Rating Calibration seminars and Course Rating system training-travel 29360 East Asia and the Pacific 0 0 Program Services World Handicap Research Team-travel 11992 East Asia and the Pacific 0 0 Program Services Broadcasting meetings-travel 10498 East Asia and the Pacific 0 0 Program Services China Golf Collector's Society meeting-travel 6121 East Asia and the Pacific 0 Program Services International qualifying for the U.S. Open and the U.S. Women's open - travel, course rental, and other expenses associated with conducting international qualifying in East Asia and the Pacific 216384 Europe (including Iceland and Greenland) 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 Europe (including Iceland and Greenland) 0 0 Program Services Curtis Cup match-travel 91003 Europe (including Iceland and Greenland) 0 0 Program Services Palmer Cup match-travel 1276 Europe (including Iceland and Greenland) 0 0 Program Services World Amateur Golf Rankings - travel and joint costs 227831 Europe (including Iceland and Greenland) 0 0 Program Services Official World Golf Rankings fee 26969 Europe (including Iceland and Greenland) 0 0 Program Services Handicap and World Handicap System-related expenses 84544 Europe (including Iceland and Greenland) 0 0 Program Services Two Junior Amateur Championship trophy bases 4598 Europe (including Iceland and Greenland) 0 0 Program Services Equipment Standards-related travel and expenses 47667 Europe (including Iceland and Greenland) 0 0 Program Services International Qualifying for the U.S. Open and the U.S. Women's Open - travel, course rental, and other expenses associated with conducting international qualifying in the UK 166091 Europe (including Iceland and Greenland) 0 0 Program Services British Open-travel 45634 Europe (including Iceland and Greenland) 0 0 Program Services Rolex trophy presentation-travel 21431 Europe (including Iceland and Greenland) 0 0 Program Services JRC meetings-travel 38909 Europe (including Iceland and Greenland) 0 0 Program Services IGF-related expenses, including 2016 USA team entry fees 12659 Europe (including Iceland and Greenland) 0 0 Program Services R&A Tourney and Referee school-travel 1587 Europe (including Iceland and Greenland) 0 0 Program Services International Broadcast meeting-travel 8329 Europe (including Iceland and Greenland) 0 0 Program Services European Golf Association annual meeting-travel 2785 Middle East and North Africa 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 Middle East and North Africa 0 0 Program Services Worldfeed high definition, domestic satellite and tapes 139083 Russia and the newly independent States 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 South America 0 0 Program Services 2016 Olympic Games-travel 89664 South America 0 0 Program Services Latin America Course Rating Calibration-travel 11497 South America 0 0 Program Services South American Amateur Championship travel and team entry fees 4825 South America 0 0 Program Services Columbian Amateur event-travel 5128 South America 0 0 Program Services 2018 Latin American Amateur Championship site visit-travel 6537 Sub-Saharan Africa 0 0 Program Services Broadcast of USGA Championships, including the U.S. Open 0 Sub-Saharan Africa 0 0 Program Services Course Rating training-travel 8999 0 0 1646089 North America (including Canada and Mexico, but not the United States) PJ Boatwright Internship grant 24000 check North America (including Canada and Mexico, but not the United States) PJ Boatwright Internship grant 24000 check North America (including Canada and Mexico, but not the United States) Funds to aid in printing new Rules of Golf books 20000 check 3 0 1 0 0 1 1 0 Schedule F, Part I, Line 2 The USGA provides very few grants to organizations outside the United States. Such grants are approved by the Executive Committee, and/or sub-committee. Staff monitors the use of the funds to ensure that the grants are spent for proper purposes and are not otherwise diverted from intended use. Monitoring may include formal periodic reports from the organization or informal reports, depending on the nature of the grant and the organization it was distributed to. X X X X 1 Dentino Marketing 515 Executive Drive Princeton NJ 08540 The USGA Members Program collects dues, a portion of which is recognized as contributions. Dentino Marketing provides advice only with respect to marketing strategies and the design of membership solicitations for the USGA Members Program. 0 0 102481 -102481 Marts & Lundy 1200 Wall Street West 5th Floor Lyndhurst NJ 07071 Consulting services for development program. 0 0 40315 -40315 0 142796 -142796 All States 1 American Junior Golf Association 1980 Sports Club Drive Braselton GA 30517 581433914 501 (c) (3) 50000 Junior National Alliance for Accessible Golf 1733 King Street Alexandria VA 22314 300130896 501 (c) (3) 225000 Junior PGA of America Boys & Girls Clubs of America 100 Avenue of the Champions Palm Beach Gardens FL 33410 590785835 501 (c) (6) 250000 Junior Pikes Peak Golf Links attn Daryls Kast 103 E Cheyenne Road Colorado Springs CO 80906 208128551 501 (c) (3) 15000 Junior Special Olympics North America 4004 Barrett Drive Suite 206 Raleigh NC 27609 520889518 501 (c) (3) 35000 Disabilities The LPGA Foundation Inc LPGA USGA Girls Golf 100 International Golf Drive Daytona Beach FL 321241082 593085528 501 (c) (3) 500000 Junior World Golf Foundation The First Tee Programs 13000 Sawgrass Village Circle Suite 23 Ponte Vedra Beach FL 32082 592998925 501 (c) (3) 400000 Junior World Golf Foundation Get Golf Ready & We Are Golf 13000 Sawgrass Village Circle Suite 23 Ponte Vedra Beach FL 32082 592998925 501 (c) (3) 133000 Junior Masters Tournament Foundation Drive Chip & Putt PO Box 2444 Augusta GA 30903 274452110 501 (c) (6) 703932 Junior PGA Tour Charities Inc 100 PGA Tour Blvd Ponte Vedra Beach FL 32082 592774423 501 (c) (3) 15000 Junior Alabama Golf Association 1025 Montgomery Highway Suite 210 Birmingham AL 35216 630809785 501 (c) (3) 24000 Internship Alabama Junior Golf Association 715 Lovejoy Road Ashville AL 35953 454940402 501 (c) (3) 6000 Internship Alaska Golf Association 401 W International Airport Road Anchorage AK 99518 920136766 501 (c) (7) 12000 Internship Anthracite Golf Association 617 Keystone Avenue Peckville PA 18407 232232769 501 (c) (4) 6000 Internship Arizona Golf Association 7600 E Redfield Road Suite 130 Scottsdale AZ 85260 860214071 501 (c) (4) 24000 Internship Arizona Womens Golf Association 141 E Palm Lane Suite 210 Phoenix AZ 85004 860342075 501 (c) (7) 24000 Internship Arkansas State Golf Association 3 Eagle Hill Court Suite B Little Rock AR 72210 710470120 501 (c) (3) 12000 Internship Atlanta Junior Golf Association 1425 Ellsworth Industrial Drive NW Suite 8 Atlanta GA 30318 581274404 501 (c) (3) 6000 Internship Buffalo District Golf Association PO Box 1582 Williamsville NY 14231 160912477 501 (c) (3) 6000 Internship Button Hole One Button Hole Drive Suite 1 Providence RI 02909 050497481 501 (c) (3) 8000 Internship Carolinas Golf Association 140 Ridge Road Southern Pines NC 28387 560509290 501 (c) (3) 24000 Internship Colorado Golf Association 5990 Greenwood Plaza Blvd Suite 102 Greenwood Village CO 801114749 841248840 501 (c) (3) 24000 Internship Colorado Junior Golf Association 5990 Greenwood Plaza Blvd Suite 102 Greenwood Village CO 801114749 841248840 501 (c) (3) 22000 Internship Colorado Womens Golf Association 6 Inverness Court East Suite 105 Englewood CO 80112 742199758 501 (c) (3) 22000 Internship Connecticut State Golf Association 35 Cold Spring Rd Suite 212 Rocky Hill CT 06067 222587856 501 (c) (6) 20000 Internship Dayton District Womens Golf Association 263 Regency Ridge Drive Dayton OH 45459 311354888 501 (c) (7) 12000 Internship Delaware State Golf Association 7234 Lancaster Pike 210A Hockessin DE 19707 516018790 501 (c) (7) 22000 Internship Florida State Golf Association 12630 Telecom Drive Tampa FL 336370935 592171378 501 (c) (3) 36000 Internship Georgia State Golf Association 121 Village Parkway Bldg 3 Marietta GA 30067 581145042 501 (c) (3) 24000 Internship Golf Association of Michigan 24116 Research Drive Farmington Hills MI 48335 386105801 501 (c) (6) 24000 Internship Golf Association of Philadelphia 1974 Sproul Road Suite 400 Broomall PA 19008 231303024 501 (c) (7) 24000 Internship Greater Cincinnati Golf Association 9200 Montgomery Road Suite 24B Cincinnati OH 452427794 316051373 501 (c) (7) 20000 Internship Hawaii State Golf Association 98025 Hekaha Street Building 2 Unit 204A Aiea HI 96701 990238385 501 (c) (7) 20000 Internship Hawaii State Junior Golf Association 4330 Kukui Grove Street Lihue HI 96766 990335776 501 (c) (3) 24000 Internship Houston Golf Association 5810 Wilson Road Suite 112 Humble TX 77396 741486171 501 (c) (3) 6000 Internship International Association of Golf Administrators 1974 Sproul Road Suite 400 Broomall PA 19008 411686399 501 (c) (6) 20000 Internship Idaho Golf Association PO Box 9958 Boise ID 837073958 237024930 501 (c) (7) 18000 Internship Indiana Golf Association PO Box 516 Franklin IN 46131 352015534 501 (c) (6) 18000 Internship Indiana Womens Golf Association PO Box 516 Franklin IN 46131 237332632 501 (c) (6) 6000 Internship Iowa Golf Association 1605 N Ankeny Blvd Suite 210 Ankeny IA 50023 421203480 501 (c) (4) 24000 Internship Junior Golf Association of Arizona 10888 North 19th Avenue Phoenix AZ 850294905 860464216 501 (c) (3) 6000 Internship Kansas City Golf Association 8330 Melrose Drive Lenexa KS 66214 440642880 501 (c) (4) 24000 Internship Kansas Golf Association 1201 Wakarusa Drive Suite B5 Lawrence KS 66049 480849570 501 (c) (4) 24000 Internship Kentucky Golf Association Golf House Kentucky 1116 Elmore Just Drive Louisville KY 40245 237150508 501 (c) (6) 24000 Internship Keystones Premier Golf Association 352 Dogwood Drive Delmont PA 15626 251634550 501 (c) (6) 6000 Internship Long Island Golf Association 114 Old Country Road Suite LL80 Mineola NY 11501 112996300 501 (c) (4) 8000 Internship Louisiana Golf Association 1003 Hugh Wallis Road S Suite A2 Lafayette LA 70508 726035874 501 (c) (4) 24000 Internship Maine State Golf Association 58 Val Halla Road Cumberland ME 04021 010488811 501 (c) (4) 20000 Internship Maryland State Golf Association Emich House Suite 145 1777 Reisterstown Rd Baltimore MD 21208 521326177 501 (c) (3) 14000 Internship Massachusetts Golf Association 300 Arnold Palmer Boulevard Norton MA 02766 042487562 501 (c) (3) 24000 Internship Metropolitan Amateur Golf Association 11777 Clayton Road St Louis MO 63131 431631448 501 (c) (4) 14000 Internship Metropolitan Golf Association 49 Knollwood Road Elmsford NY 10523 134109121 501 (c) (6) 24000 Internship Metropolitan Golf Association Foundation 49 Knollwood Road Elmsford NY 10523 133637689 501 (c) (3) 6000 Internship Miami Valley Golf Association 263 Regency Ridge Drive Dayton OH 45459 311437550 501 (c) (4) 20000 Internship Middle Atlantic Golf Association PO Box 356 Arnold MD 21012 521701359 501 (c) (6) 6000 Internship Minnesota Golf Association 6550 York Ave So Suite 211 Edina MN 55435 510152269 501 (c) (6) 24000 Internship Minnesota Womens Golf Association 6550 York Ave So Suite 211 Edina MN 55435 416023222 501 (c) (7) 8000 Internship Mississippi Golf Association 400 Clubhouse Drive Pearl MS 39208 630977191 501 (c) (4) 24000 Internship Missouri Golf Association PO Box 104164 Jefferson City MO 65510 431601005 501 (c) (4) 18000 Internship Montana State Golf Association PO Box 4306 Helena MT 59604 237025168 501 (c) (3) 10000 Internship Nebraska Golf Association 6618 South 118th Street Omaha NE 68137 237073030 501 (c) (4) 18000 Internship Nebraska Womens Amateur Golf Association 6618 South 118th Street Omaha NE 68137 237421608 501 (c) (7) 8000 Internship New Hampshire Golf Association 56 South State Street PO Box 2348 Concord NH 03301 020361092 501 (c) (6) 18000 Internship New Jersey State Golf Association 3 Golf Drive Suite 206 Kenilworth NJ 07033 226046575 501 (c) (6) 22000 Internship New York State Golf Association 4933 Jamesville Road Jamesville NY 13078 160866643 501 (c) (4) 12000 Internship North Central Pennsylvania Golf Association 2245 Smoketown Road Lewisburg PA 17837 232857964 501 (c) (4) 6000 Internship North Dakota Golf Association PO Box 452 Bismarck ND 58502 456023238 501 (c) (6) 12000 Internship Northern California Golf Association PO Box NCGA Pebble Beach CA 93953 941371594 501 (c) (6) 24000 Internship Northern Nevada Golf Association PO Box 5607 Reno NV 89513 943048863 501 (c) (4) 12000 Internship Northern Ohio Golf Association One Golfview Lane North Olmsted OH 44070 340149890 501 (c) (6) 16000 Internship Ohio Golf Association 1570 West First Avenue Columbus OH 43212 311080373 501 (c) (7) 14000 Internship Oklahoma Golf Association 2800 Coltrane Place Suite 2 Edmond OK 73034 260074714 501 (c) (4) 10000 Internship Oregon Golf Association 2840 Hazelnut Drive Woodburn OR 97071 232743830 501 (c) (6) 24000 Internship Oregon Junior Golf Association 2840 Hazelnut Drive Woodburn OR 97071 943091689 501 (c) (3) 12000 Internship Pacific Womens Golf Association 3101 Sunset Blvd Suite 1E Rocklin CA 95677 770044709 501 (c) (7) 18000 Internship Pennsylvania Golf Association 1974 Sproul Road Suite 400 Broomall PA 19008 231999959 501 (c) (6) 10000 Internship Puerto Rico Golf Association Paradise Commercial Center Ave Matadero 264 Ste 11 San Juan PR 00920 660276473 10000 Internship Rhode Island Golf Association One Button Hole Drive Suite 2 Providence RI 02909 222500471 501 (c) (4) 10000 Internship Rochester District Golf Association 2024 W Henrietta Rd Suite 5H Rochester NY 14623 161218400 501 (c) (6) 8000 Internship South Carolina Golf Association PO Box 286 Irmo SC 29063 570563360 501 (c) (4) 6000 Internship South Dakota Golf Association 4809 West 41st Street Suite 202 Sioux Falls SD 57106 460310847 501 (c) (4) 20000 Internship Southern California Golf Association Junior Foundation 3740 Cahuenga Blvd Studio City CA 91604 953858373 501 (c) (3) 16000 Internship Southern California Golf Association 3740 Cahuenga Blvd Studio City CA 916043502 951240720 501 (c) (6) 32000 Internship Southern Nevada Golf Association 8020 West Sahara Avenue Suite 160 Las Vegas NV 89117 880134324 501 (c) (4) 24000 Internship Sun Country Amateur Golf Association 2316 Southern Blvd Suite D Rio Rancho NM 87124 850250912 501 (c) (7) 24000 Internship Tennessee Golf Association 400 Franklin Road Franklin TN 37069 621049477 501 (c) (4) 24000 Internship Texas Golf Association 16200 Addison Road Suite 150 Addison TX 75001 750715222 501 (c) (4) 78000 Internship Toledo District Golf Association 5533 Southwyck Blvd Ste 204 Toledo OH 43614 237430259 501 (c) (4) 8000 Internship Utah Golf Association 4444 S 700 E Suite 105 Salt Lake City UT 84107 870271572 501 (c) (7) 32000 Internship Vermont Golf Association PO Box 1612 Station A Rutland VT 05701 030289304 501 (c) (7) 12000 Internship Virginia State Golf Association 2400 Dovercourt Drive Midlothian VA 23113 540736931 501 (c) (4) 30000 Internship Washington Metropolitan Golf Association PO Box 812 Arnold MD 21012 541219991 501 (c) (3) 6000 Internship Washington State Golf Association 1010 South 336th Street Suite 310 Federal Way WA 98003 911432298 501 (c) (4) 24000 Internship West Virginia Golf Association 2115 Charleston Town Center Charleston WV 25389 550592904 501 (c) (4) 24000 Internship Westchester Golf Association 49 Knollwood Road Suite 220 Elmsford NY 10523 134091763 501 (c) (4) 8000 Internship Western Pennsylvania Golf Association 324 Fourth Street Pittsburgh PA 15238 250992795 501 (c) (6) 16000 Internship Wisconsin State Golf Association 11350 W Theo Trecker Way West Allis WI 53214 391092159 501 (c) (6) 20000 Internship Womens Golf Association of Massachusetts 300 Arnold Palmer Boulevard Norton MA 02766 222691109 501 (c) (7) 18000 Internship Womens Golf Association of Northern California 5776 Stoneridge Mall Road Suite 160 Pleasanton CA 94588 941295277 501 (c) (6) 12000 Internship Womens Metropolitan Golf Association 49 Knollwood Road Elmsford NY 10523 131484295 501 (c) (7) 24000 Internship Womens Southern California Golf Association 402 W Arrow Highway Suite 10 San Dimas CA 91773 956091889 501 (c) (3) 24000 Internship Wyoming State Golf Association 1779 Eagle Crest Court Laramie WY 82072 742445131 501 (c) (4) 16000 Internship Board of Regents Nevada System of Higher Education University of Nevada Las Vegas 4505 Maryland Avenue Las Vegas NV 891541055 886000024 501 (c) (3) 44310 Turfgrass Board of the Regents of Wisconsin 21 N Park Street Suite 6401 Madison WI 537151218 396006492 501 (c) (3) 25353 Turfgrass Clemson University Grants and Contract Services 321 Brackett Hall Clemson SC 296340001 576000254 501 (c) (3) 20000 Turfgrass Colorado State University Cashiers Office Johnson Hall For Collins CO 80523 846000545 3406(g)(1)(A) 30000 Turfgrass Donald Danforth Plant Science Center Attn Accounts Payable 975 N Warson Road St Louis MO 63132 311584621 501 (c) (3) 30000 Turfgrass Environmental & Turf Sciences Inc 11510 Georgia Avenue Suite 227 Wheaton MD 20902 521715235 Federal Agency 30000 Turfgrass Kansas State University 10 Anderson Hall Manhattan KS 66506 480771751 501 (c) (3) 44964 Turfgrass Michigan State University Hannah Administration Building 426 Auditorium Rd Room 2 East Lansing MI 48824 386005984 501 (c) (3) 37983 Turfgrass Mississippi State University Office of the Comptroller PO Box 5227 Mississippi State MS 39462 646000819 501 (c) (3) 29696 Turfgrass National Turfgrass Evaluation Program BARC West Building 005 Room 307 Beltsville MD 20705 320218619 501 (c) (3) 30000 Turfgrass National Turfgrass Federation BARC West Building 001 Room 245 Beltsville MD 20705 320218619 501 (c) (3) 95000 Turfgrass North Carolina State University Box 7214 2701 Sullivan Drive Raleigh NC 276957214 566000756 115(a) 33980 Turfgrass Oklahoma State University PO Box 645 Stillwater OK 74076 736017987 115(a) 110112 Turfgrass Oregon State University Office of Post Award Administration PO Box 1086 Corvallis OR 973391086 481278540 115(a) 13395 Turfgrass The Pennsylvania State University 227 West Beaver Avenue Suite 401 State College PA 168014819 246000376 501 (c) (3) 15000 Turfgrass Purdue University 23510 Network Place Chicago IL 606731235 356002041 509 (a) (1) 59483 Turfgrass Regents of the University of Minnesota PO Box 1450 Minneapolis MN 554855957 416007513 170(a)(1) 10000 Turfgrass Rutgers University Foran Hall Box 231 New Brunswick NJ 08903 226001086 501 (c) (3) 10000 Turfgrass Rutgers University ASB III 3 Rutgers Plaza 2nd Floor New Brunswick NJ 089018559 226001086 501 (c) (3) 30000 Turfgrass Rutgers University 65 Davidson Road Room 302 New Brunswick NJ 08854 226001086 501 (c) (3) 89233 Turfgrass Texas A and M Agrilife Research 400 Harvey Mitchell Parkway South Suite 300 College Station TX 778454375 742847483 501 (c) (3) 106958 Turfgrass Texas A&M University 2147 TAMU College Station TX 778432147 741238434 501 (c) (3) 36055 Turfgrass Texas Tech University Office of Research Accounting Box 4110 Lubbock TX 794091105 756002622 170(c) (1) 15000 Turfgrass The Curators of the University of Missouri PO Box 807012 Kansas City MO 641807012 480771751 115(a) 9915 Turfgrass Union University 1050 Union University Drive Attn Mr Gary Carter Jackson TN 38305 620156509 501 (c) (3) 19200 Turfgrass University of Arizona PO Box 210158 Tucson AZ 857210158 866004791 115(a) 40777 Turfgrass University of Arkansas Horticulture Department Plant Sciences Room 316 Fayetteville AR 72701 716003252 501 (c) (3) 29619 Turfgrass University of Connecticut 438 Whitney Road Ext Unit 1133 Storrs CT 062691133 066000798 501 (c) (3) 15000 Turfgrass University of Florida 302 Tigert Hall Gainesville FL 326113001 596002052 501 (c) (3) 17400 Turfgrass University of Florida PO Box 113001 Gainesville FL 326113001 596002052 501 (c) (3) 34800 Turfgrass University of Massachusetts 70 Butterfield Terrace Research Admin Building Amherst MA 010039242 043167352 501 (c) (1) 10000 Turfgrass University of Minnesota 450 McNamara Alumni Center Minneapolis MN 55455 416007513 170(a)(1) 10000 Turfgrass University of Missouri PO Box 807012 Kansas City MO 641807012 436003859 115(a) 27400 Turfgrass University of Nebraska 312 N 14th Street Alexander West Lincoln NE 685880430 470049123 501 (c) (3) 30000 Turfgrass University of Nebraska Lincoln 2200 Vine St 151 Whittier Research Center Lincoln NE 685830861 470049123 501 (c) (3) 100877 Turfgrass University of Tennessee 103 Morgan Hall 2621 Morgan Circle Knoxville TN 379964506 626001636 512(b)(9) 38688 Turfgrass USDA Agricultural Research Service 1815 N University Street Attn Lisa Gettinger Peoria IL 61604 720564834 Federal Agency 20000 Turfgrass USDA Agricultural Research Service 2150 Centre Avenue Building D Suite 310 Fort Collins CO 805268119 720564834 Federal Agency 10000 Turfgrass USDA Agricultural Research Service 1001 Holleman Drive East College Station TX 778404117 720564834 Federal Agency 13825 Turfgrass USDA Agricultural Research Service 800 Buchanan Street Albany CA 94710 720564834 Federal Agency 14880 Turfgrass 53 89 Schedule I, Part I, Line 2 The USGA provides grants to junior golf programs located throughout the United States, as well as to programs to assist physically challenged golfers. The USGA provides grants to state and regional associations to finance golf administration internships. The USGA provides grants to colleges and universities to finance turfgrass research and environmental research that may benefit golf courses. In all cases, staff members monitor the use of funds to ensure that the grants are spent for the proper purposes and are not otherwise diverted from intended use. Monitoring normally includes formal periodic reports from the recipient organization, detailing program progress and use of funds. Monitoring can also include informal reports, depending on the nature of the grant and the organization it was distributed to. For example, grants to junior golf programs typically require the recipient organization to complete a formal assessment report that includes information about program outcomes, financial compliance, participant statistics, program schedule, instruction provided, and follow-up support. Such information is subject to audit, at the USGA's sole discretion. In all cases, unspent funds must be returned to the USGA. Grants to state and regional associations for golf administration internships typically require the recipient organization to complete a report describing the internship activities and accomplishments, and account for all internship salary payments. Additionally, the intern is required to complete an evaluation on their internship responsibilities and confirm the duration of their employment. Again, unspent funds must be returned to the USGA. Grants to colleges and universities for turfgrass research and environmental research typically require the recipient organization to complete a report describing in detail the results of the research, and account for all funds spent. Unspent funds must be returned to the USGA. X X X 1 1 X X X X 1 1 0 1 0 0 0 0 0 Mike Davis Executive Director/CEO 650000 0 140767 0 1222768 0 75261 0 24057 0 2112853 0 205477 0 Kathryn Carson Assistant Secretary and Chief Legal Officer 330000 0 46408 0 20454 0 26349 0 15383 0 438594 0 0 Susan Pikitch Assistant Treasurer and Chief Financial Officer 209135 0 0 0 6232 0 16776 0 16430 0 248573 0 0 0 Michael Butz Senior Managing Director 450000 0 61698 0 41905 0 27281 0 17810 0 598694 0 0 0 Sarah Hirshland Senior Managing Director 441000 0 64600 0 11351 0 43342 0 23733 0 584026 0 0 0 John Bodenhamer Senior Managing Director 413000 0 65824 0 14437 0 41467 0 22401 0 557129 0 0 0 Rand Jerris Senior Managing Director 398000 0 62032 0 67125 0 21952 0 23494 0 572603 0 0 0 Steven Schloss Senior Managing Director 313269 0 48868 0 16240 0 33178 0 23036 0 434591 0 0 0 Andrew Rhodes Senior Director, Championships 255000 0 0 0 12770 0 18542 0 16430 0 302742 0 0 0 Reg Jones Managing Director, U.S. Open Championships 289000 0 25000 0 14054 0 11465 0 22401 0 361920 0 0 0 Mary Lopuszynski Senior Director, Merchandise & Licensing 281842 0 20000 0 23687 0 10791 0 8678 0 344998 0 0 0 John Spitzer Managing Director, Equipment Standards 258373 0 17700 0 22796 0 9024 0 22401 0 330294 0 0 0 Jeff Hall Managing Director, Rules & Open Championships 251985 0 12350 0 19587 0 7349 0 22401 0 313672 0 0 0 Kimberly Erusha Managing Director, Green Section 235550 0 18000 0 20866 0 7067 0 16582 0 298065 0 0 0 Schedule J, Part I, Line 1a (1.) The USGA has a written policy regarding use of corporate jet shares. Such use is strictly limited to USGA business travel, as per USGA policy, and is subject to Audit Committee review and approval. (2.) The USGA's expense reimbursement policy excludes reimbursements for health club dues and social club dues. However, one special exception to the social club dues restriction was specifically approved by the Executive Committee and/or the Compensation Committee. This exception is for the CEO/Executive Director and is based on the specific USGA business needs associated with the position held. Schedule J, Part I, Line 4 In calendar 2015, the USGA issued compensation defined as per line 4b. The amounts reported in Schedule J Column C relating to the Supplemental Defined Benefit Pension Plan (under IRC 457(f)) are as follows: Davis $67,311 and Butz $19,331. The amounts reported in Schedule J Column C relating to Nonqualified Defined Contribution Plan are as follows: Carson $8,149, Hirshland $17,192, Bodenhamer $15,318, Jerris $14,002, Schloss $7,028, Jones $3,515, Lopuszynski $2,841, Spitzer $1,074 and Hall $500. Schedule J, Part I, Line 5 Executive Director/CEO and senior leadership team participate in an incentive compensation plan with metrics measured against strategic organizational objectives and financial results. Incentive compensation requires input from compensation committee, a standing committee of the organization's Executive Committee, and approval by the USGA Board President. Incentive plan may not exceed budget. Total compensation (base salary and incentive compensation plan) for the Executive Director/CEO and senior leadership team is externally benchmarked on a regular basis. The benchmarking process is conducted by a third-party and reviewed by the USGA Board President. Schedule J, Part II Line 1, Column B(iii) - During calendar year 2015, Mike Davis became substantially vested in a non-qualified deferred compensation plan established under Internal Revenue Code Section 457(f), and as a result, $1,222,768 was reported on his Form W-2. Under the terms of the plan, the amount of the retirement benefit is calculated using a retirement age of 65 and is payable via lump sum following the participant's separation of service to the organization. The portion of the actuarially calculated benefit that was reported on prior Forms 990 (Schedule J, Column C) as deferred compensation is $205,477. The entire benefit has been accrued over the 10 years of Mike's participation in the plan. Mike has been employed at the USGA since April 1990 and was appointed Executive Director effective March 2, 2011. This arrangement was approved by the Executive Committee. X 146 0 See M Part II X 0 See M Part II X Donated golf balls 1 0 fair market value 0 0 1 0 Schedule M, Part I, Line 31 The USGA has a gift acceptance policy for any item being donated to the USGA Museum. The USGA also has a gift acceptance policy for any non-standard contributions to the USGA. Procedures include reviews by the appropriate staff before any such contribution can be accepted. Where appropriate, the Chief Legal Officer is consulted. Schedule M, Part I, Line 33 As permitted under SFAS 116, the USGA chooses not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service. Form 990, Part I, Line 6 The estimate for volunteers represents people who serve on a USGA committee or USGA sub-committee. The estimate also includes the thousands of individuals who volunteer their time at USGA championships, and contribute toward the success of those USGA championships. Form 990, Part IV, Line 8 The museum collection, consisting of historical artifacts, works of art, library materials, photographic images, film and video, and other golf memorabilia is owned by the USGA. Form 990, Part VI, Section A, Line 6 The USGA is an association of member clubs and courses. While application for membership is open to any golf club, golf course or golf training facility, as specified and defined in the USGA By-Laws, voting privileges are limited to member clubs. Voting privileges do not extend to member courses or to member golf training facilities. Membership applications are reviewed and subject to approval or rejection at the discretion of the Executive Committee. Membership is automatically continuous unless interrupted by written resignation or expulsion in accordance with USGA By-Laws. Acceptance of membership binds each member to uphold all provisions of the USGA's Certificate of Incorporation, and By-Laws and other rules, to accept and enforce all rules and decisions of the Executive Committee acting within its jurisdiction and to otherwise conduct itself in a manner that furthers the interests of the USGA to promote the best interests and true spirit of the game of golf. (The USGA is organized and exists under the Non-Profit Corporation Laws of the State of Delaware. The USGA is a non-stock entity.) Form 990, Part VI, Section A, Line 7a The Executive Committee is the governing body of the USGA. The Executive Committee consists of fifteen voting members, including the five officers. Each member of the Executive Committee is elected at the annual meeting of the USGA and holds office until the annual meeting next succeeding his or her election and his or her successor is elected and qualified, or until his or her resignation or removal. Each member club is entitled to be represented by one voting delegate at the annual meeting of the USGA. Duly certified proxies may be voted by voting delegates at the annual meeting of the USGA. Form 990, Part VI, Section A, Line 7b The USGA By-Laws provide that they may be altered or repealed by member clubs acting pursuant to the By-Laws. Form 990, Part VI, Section B, Line 11b The Federal Form 990 is compiled by USGA staff. After appropriate staff and the USGA's audit firm, BDO, has thoroughly reviewed the Federal Form 990 and deemed it to be accurate and complete, the Federal Form 990 is reviewed with the Executive Director and CEO and the Audit Committee. Before Federal Form 990 is signed by an officer and submitted to the IRS, a full copy of the document including all attachments is provided to each voting member of the Executive Committee. Form 990, Part VI, Section B, Line 12c The USGA requires Executive Committee members and USGA employees to administer their affairs honestly and efficiently, exercising due care, skill and judgment for the benefit of the USGA. It is the responsibility of Executive Committee members and USGA employees to make a full disclosure of any personal involvement which might result in a conflict of interest or the appearance of a conflict of interest on their part. Such disclosures are submitted to the Audit Committee Chair and/or the Chief Legal Officer for review and consideration as per stated procedures. Additionally, once a year, the USGA requires Executive Committee members and USGA employees to review the USGA's conflict of interest policy and submit a statement attesting to their understanding of and compliance with the policy. Any conflict of interest or the appearance of a conflict of interest must be included on the submitted statement. The Audit Committee reviews the statements and makes any necessary decisions to manage and/or eliminate the conflicts. Form 990, Part VI, Section B, Line 15 On a periodic basis, the USGA does a thorough review of compensation for the Executive Director and the executive team. This review includes a compensation survey by an independent compensation consultant, and consideration of comparability data obtained from other sources. The survey and data are carefully considered by the USGA's Compensation Committee to ensure that compensation is reasonable and appropriate. Mercer prepared an "Executive Cash Compensation Update" (Intermediate Sanctions) report dated October 1, 2015. This report would have been used to make compensation decisions for USGA executives for calendar (and fiscal) year 2013. Substantiation of the deliberation and decision of the compensation committee is maintained in the meeting minutes. In addition, employees of the USGA undergo a thorough evaluation process at the end of each year. Performance and goals are carefully reviewed and documented, then discussed with the employee. Merit increases and bonus awards are determined based on these evaluations. Form 990, Part VI, Section B, Line 16b The USGA does not currently have any joint ventures, but maintains a joint ventures policy to ensure that all arrangements are consistent with the organization's tax exempt status under IRC Section 501(c)(3). Specifically, the purpose of the policy is to set forth guidelines to help ensure that arrangements with for-profit entities will not jeopardize the USGA's tax exempt status. Form 990, Part VI, Section C, Line 19 The USGA makes the following documents available to the public by providing them to GuideStar to post on their website at www.guidestar.org: IRS Letter of Determination; Federal Form 1023; Federal Form 990; Federal Form 990-T; audited financial statements. The USGA also makes its governing documents and conflict of interest policy available to the public "upon request" at its headquarters location in New Jersey, during normal business hours. Form 990, Part XI, Line 9 Effect of changes to postretirement benefit obligations of -$3,009,884. On the audited financial statements, these expenses are recorded as an increase or (decrease) in net assets.