2014-08-14T17:38:04-05:00 2013-09-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2012-10-01 200677815 TIGER WOODS FOUNDATION INC % RICK SINGER TIGE 9497253003 1 TIGER WOODS WAY Suite ANAHEIM CA 92801 Rick Singer 9497253003 2014-08-13 true 2139724000 2012 2015-11-30 17:44:51Z RICK SINGER 121 INNOVATION DR SUITE 150 IRVINE CA 92617 23305027 false X www.tigerwoodsfoundation.org X 2004 CA Tiger Woods Foundation, a non-profit public benefit corporation, operates school facilities that provide educational opportunities for youth.(Activities are specific to 10/1/12 to 9/30/13) 28 27 62 85 0 0 4505376 3625153 111150 208900 1657539 4927121 28973 51566 6303038 8812740 467190 4260405 0 0 3443877 3460899 0 0 634434 4643332 4734756 8554399 12456060 -2251361 -3643320 109463341 107134869 14360217 13240839 95103124 93894030 X AT THE TIGER WOODS FOUNDATION ("TWF"), WE BELIEVE EVERY CHILD DESERVES THE OPPORTUNITY TO ATTEND COLLEGE. DESIGNED TO BREAK THROUGH A CULTURE OF LOW EXPECTATIONS, TWF'S COLLEGE-ACCESS PROGRAMS REACH UNDERSERVED YOUTH IN ALL STAGES OF ACADEMIC LIFE.CONTINUED SCHEDULE O false false 3944273 0 208900 TIGER WOODS LEARNING CENTERS (TWLC) TWLC-FLAGSHIP (ORANGE COUNTY, CA): CREATED IN 2002, THE TIGER WOODS LEARNING CENTER (TWLC) HAS PROVIDED ONE-OF-A-KIND, HANDS-ON ENRICHMENT PROGRAMS FOR YOUTH. THE UNIQUE LEARNING ENVIRONMENT AT THE TWLC WAS INSPIRED BY THE VISION OF TIGER WOODS TO PROVIDE YOUNG PEOPLE WITH A SAFE PLACE TO LEARN; OPPORTUNITIES TO IDENTIFY THEIR INTERESTS; RECOGNIZE THEIR POTENTIAL; AND CREATE POSITIVE CHANGE. THE PROGRAM PHILOSOPHY IS BASED ON: POSITIVE YOUTH DEVELOPMENT AND HIGH-QUALITY EDUCATION. CONTINUED SCHEDULE O 6405221 4100455 0 TIGER WOODS FOUNDATION GRANT-MAKING PROGRAM The Tiger Woods Foundation grant-making program primarily focuses on providing funding to organizations that specialize in education and youth development. Specifically, the grant program serves 501(c)(3) organizations that enhance the learning process for youth. This program supports organizations, programs and projects by invitation only and subject to pre and post qualifications subject to applicable 501(c)(3) guidelines. 379676 159950 0 EARL WOODS SCHOLARSHIP PROGRAM IN CELEBRATION OF TIGER'S FATHER EARL AND HIS LIFELONG DEDICATION TO HELPING YOUNG PEOPLE ACHIEVE THEIR DREAMS, TWF CREATED THE EARL WOODS SCHOLARSHIP PROGRAM (EWSP). SINCE INCEPTION NEARLY 100 SCHOLARS HAVE MATRICULATED THROUGH THE PROGRAM. SCHOLARS ARE ANNUALLY AWARDED A FOUR-YEAR RENEWABLE SCHOLARSHIP UP TO $25,000 FOR THE TERM. EWSP HAS APPROXIMATELY 70 CURRENT SCHOLARS INCLUDING 16 NEW SCHOLARS. TO QUALIFY, STUDENTS MUST DEMONSTRATE OUTSTANDING ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND A COMMITMENT TO COMMUNITY. CONTINUED SCHEDULE O 33300 0 0 COMMUNITY OUTREACH PROGRAMS 33300 0 0 10762470 true true false false false false false false false false true true false false true false false true true false false false false false false false false true true true true false false false false false false false false false false true false false false true true false false false true 26 0 true 62 true false false false false false false false false false false X 28 27 false false false false false true false true true false false true true true true true true true true false CA X RICK SINGER 9497253003 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 X GREGORY T MCLAUGHLIN 25.0 40.0 X X 121150 448226 47579 MICHAEL D MCKEE 1.0 0.0 X X 0 0 0 RICHARD BAILY 1.0 0.0 X 0 0 0 SANDRA BARRY 1.0 0.0 X 0 0 0 RAJ S BHATHAL 1.0 0.0 X 0 0 0 AVERY BROWN 1.0 0.0 X 0 0 0 RONALD CONWAY 1.0 0.0 X 0 0 0 DALE L DYKEMA 1.0 0.0 X 0 0 0 KARINA HAMILTON 1.0 0.0 X 0 0 0 PAUL HEGNESS 1.0 0.0 X 0 0 0 CHRISTOPHER J HUBMAN 1.0 0.0 X 0 0 0 GREG JONES 1.0 0.0 X 0 0 0 DENNIS KUHL 1.0 0.0 X 0 0 0 ROB LIGHT 1.0 0.0 X 0 0 0 JERRY E MANDEL 1.0 0.0 X 0 0 0 JERRY MATTES 1.0 0.0 X 0 0 0 TIM J RYAN 1.0 0.0 X 0 0 0 MARK STEINBERG 1.0 0.0 X 0 0 0 TOM TAIT 1.0 0.0 X 0 0 0 TODD C THEODORA 1.0 0.0 X 0 0 0 LEO TUCKER 1.0 0.0 X 0 0 0 PETER V UEBERROTH 1.0 0.0 X 0 0 0 BOB WALTOS 1.0 0.0 X 0 0 0 KUTILDA WOODS 1.0 0.0 X 0 0 0 ED MACHIR 1.0 X 0 0 0 Jason Mooneyham 1.0 X 0 0 0 Jonathan Orszag 1.0 X 0 0 0 Ronald Spears 1.0 X 0 0 0 MARIAN BERGESON 1.0 0.0 X ANDY BIELANSKI 1.0 0.0 X MICHAEL V DRAKE 1.0 0.0 X MICHAEL P JOHNSON 1.0 0.0 X SHEILA C JOHNSON 1.0 0.0 X LAURA SANFORD 1.0 0.0 X RAY WILKINS 1.0 0.0 X KATHERINE BIHR 40.0 0.0 X 199661 0 15611 JIN C THATCHER 40.0 1.0 X 192553 0 34132 MICHELLE S KIM 40.0 0.0 X 128321 0 8838 Gyla Bell 40.0 0.0 X 112121 0 10637 JESSICA J CARBAJAL 40.0 0.0 X 100404 0 29757 CRISTINA FERNANDEZ 40.0 0.0 X 103086 0 20317 STACY STARK 40.0 0.0 X 103254 0 15176 1060550 448226 182047 8 false true false ESIX 3 LLC 5660 NEW NORTHSIDE DR SUITE 640 ATLANTA GA 30328 INSURANCE BROKER 250695 MLB ADVANCED MEDIA LP PO BOX 417171 BOSTON MD 022417171 WEBSITE/MEDIA SVC 200000 ALGONQUIN ADVISORS LLC 2 GREENWICH OFFICE PARK 2ND FLOOR GREENWICH CT 06831 INVESTMENT ADVISOR 181975 KPMG LLP PO BOX 120001 DALLAS TX 753120939 TAX/AUDIT PREP. 138150 Good Worldwide LLC 6380 Wilshire Blvd 15th Floor LOS ANGELES CA 90048 ADVERTISING/COMMS 100000 5 X 5248 2095375 1524530 108246 3625153 SUMMER ACADEMY FEES 611600 208900 208900 208900 2728408 2728408 0 0 1750 1750 0 1750 1750 16691000 14492287 2198713 2198713 2198713 0 0 0 REGISTRATION/ID CARDS 900099 37905 37905 VENDING MACHINE 900099 1357 1357 MEMBERSHIP REWARDS 900099 6328 6328 4226 4226 49816 8812740 208900 4978687 4100455 4100455 159950 159950 0 0 727390 421569 138421 167400 0 2025253 1726076 134602 164575 98171 75920 9750 12501 400084 319830 34901 45353 210001 167981 18889 23131 0 4127 2970 551 606 192381 9384 180933 2064 0 0 273579 273579 133357 98188 13363 21806 249932 186224 22744 40964 187690 138404 25137 24149 310361 228465 39972 41924 0 516668 466313 18646 31709 188321 136072 26720 25529 0 108659 81048 10462 17149 477885 473106 4779 0 1188140 1094849 93291 188067 164223 9192 14652 PROGRAM EXPENSES 392046 392046 TAXES AND FEES 5628 4194 512 922 LOSS ON ABANDONED ASSETS 2712 2712 REALIZED LOSS ON SWAP 285000 285000 30203 30203 12456060 10762470 1059156 634434 1495 1764 12649665 9027790 7621871 5918437 486 4901 0 0 0 0 0 0 0 0 85776 48808 18842213 7754595 11901886 11087618 44683505 43649631 30458936 36812052 0 0 0 0 2059721 583868 109463341 107134869 368597 337794 7500 252835 0 0 10775000 10775000 0 0 0 0 0 0 0 0 3209120 1875210 14360217 13240839 X 76733124 77579030 18370000 16315000 0 0 95103124 93894030 109463341 107134869 X -3643320 1208358 1225868 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11576075 2259210 9316865 2558720 1234160 1324560 3185985 2788932 397053 1521433 1472293 49140 11087618 FUND - ALGONQUIN CREDIT 10420084 F FUND - BLUE ORCHID 6750189 F FUND - GLOBAL EQUITY 11645939 F FUND - ALGONQUIN FUND 7926619 F FUND - TUDOR BVI 69221 F 36812052 0 INTEREST RATE SWAP 1734640 DUE TO AFFILITIES 140570 1875210 X 10934657 1208358 21756 1230114 9704543 -891803 -891803 8812740 12143750 21756 2500 24256 12119494 336566 336566 12456060 FIN 48 FOOTNOTE (ASC 740) SCHEDULE D, PART X, LINE 2 THE FOUNDATION ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX PROVISION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. MANAGEMENT ASSERTS THAT NO SUCH UNCERTAIN TAX POSITIONS EXIST REQUIRING ACCRUAL OR DISCLOSURE AT SEPTEMBER 31, 2013 OR 2012. REVENUE INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 4B UNREALIZED LOSS ON INTEREST RATE SWAP $ (1,228,368) MISC. REVENUE REPORTED NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS $ 51,566 REALIZED LOSS ON INTEREST RATE SWAP NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS $ 285,000 ---------------- TOTAL $ (891,803) EXPENSES INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 2D PRIOR YEAR GRANT REFUND $ 2,500 EXPENSES INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4B MISC. REVENUE REPORTED NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS $ 51,566 REALIZED LOSS ON INTEREST RATE SWAP NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS $ 285,000 ---------------- TOTAL $ 336,566 true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE TIGER WOODS FOUNDATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL STUDENT APPLICATION FORMS AND THE ORGANIZATION'S WEBSITE. true Big Brothers & Big Sisters 10210 Greenbelt Road Suite 900 Lanham MD 20706 530190849 501(c)(3) 10000 n/a n/a youth development Cabin John Volunteer Fire Department 9404 Falls Road Potomac MD 20854 520707953 501(c)(3) 7500 n/a n/a COMMUNITY SUPPORT The Club Foundation 8500 River Road Bethesda MD 20817 521642692 501(c)(3) 10000 n/a n/a COMMUNITY support Yellow Ribbon Fund 10415 Armory Avenue Kensington MD 20895 364567583 501(c)(3) 10000 n/a n/a support injured service members Boston Red Sox Foundation 4 Yawkey Way BOSTON MA 02215 331007984 501(c)(3) 140000 n/a n/a COMMUNITY SUPPORT Boy Scouts of AmericaBoston Minuteman 411 Unquity Road MILTON MA 02186 043184713 501(c)(3) 10000 n/a n/a COMMUNITY SUPPORT Connelly School of the Holy Child 9029 Bradley Blvd Potomac MD 20854 520743609 501(c)(3) 10550 n/a n/a EDUCATION SUPPORT Francis Ouimet Scholarship Fund 300 Arnold Palmer Blvd NORTON MA 02766 042234126 501(c)(3) 6600 n/a n/a EDUCATION SUPPORT Gar-Field High School 14000 Smoketown Road WOODBRIDGE VA 22193 546001533 PRNC WILLM CTY 12000 n/a n/a EDUCATION SUPPORT Golf Fights Cancer 300 Arnold Palmer Blvd NORTON MA 02766 546001533 501(c)(3) 15000 n/a n/a COMMUNITY SUPPORT Hockomock Area YMCA 300 Elmwood Street North ATTLEBORRO MA 02760 042131749 501(c)(3) 30000 n/a n/a COMMUNITY SUPPORT Joslin Diabetes Center One Joslin Place BOSTON MA 022155306 042203836 501(c)(3) 5390 n/a n/a COMMUNITY SUPPORT Mansfield High School 250 East Street MANSFIELD MA 02048 046001209 TOWN MANSFILED 10000 n/a n/a COMMUNITY SUPPORT Massachusetts Golf Association 300 Arnold Palmer Blvd NORTON MA 02766 042487562 501(c)(3) 40000 n/a n/a COMMUNITY SUPPORT Norton Public Schools 64 West Main StreeT NORTON MA 02766 046001252 TOWN OF NORTON 10000 n/a n/a COMMUNITY SUPPORT Sbonelo Scholarship Foundation 5605 Carnegie Blvd CHARLOTTE NC 28209 261822173 501(c)(3) 10000 n/a n/a EDUCATION SUPPORT The First Tee Montgomery County 1551 Beacon Hill Drive SALINAS CA 93905 260015069 501(c)(3) 25000 n/a n/a COMMUNITY SUPPORT The Shepherd Foundation PO Box 50 Kensington MD 20895 521613402 501(c)(3) 10000 n/a n/a COMMUNITY SUPPORT Town of Mansfield Six Park Row Mansfield MA 02048 046001209 TOWN MANSFIELD 55000 n/a n/a COMMUNITY SUPPORT Town of Norton 70 East Main Street NORTON MA 02766 046001252 TOWN OF NORTON 55000 n/a n/a COMMUNITY SUPPORT US Challenge Cup JR GOLF FOUNDATION 21 Agnes StreeT EAST PROVIDENCE RI 02914 223019734 501(c)(3) 20000 n/a n/a YOUTH RECREATION SUPPORT Tiger Woods Charity Event Corporation 121 Innovation Drive IRVINE CA 92617 061554474 501(c)(3) 3500000 n/a n/a community support YMCA of Attleboro 63 North Main Street Attleboro MA 02703 042255819 501(c)(3) 30000 n/a n/a COMMUNITY SUPPORT Rodman Ride for Kids 10 Lincoln Place Foxboro MA 02035 043329283 501(c)(3) 6000 n/a n/a COMMUNITY SUPPORT 24 0 EWSP - SCHOLARSHIPS TO UNIVERSITY STUDENTS 29 139450 n/a n/a EWSP - INTERNSHIP PROGRAM 19 20500 N/A N/A GRANT MONITORING PROCEDURES FORM 990, SCHEDULE I, PART I, LINE 2 Due to the size of grants made to unrelated charitable organizations, generaLLy under $25,000, The Foundation relies on pre-grant procedures and inquiries to ensure the grantee organization meets the requirements for approved programmatic areas of funding. X X X X false false false false false false false false false GREGORY T MCLAUGHLIN 121150 256244 0 162859 0 29123 10000 0 0 37579 131150 485805 0 0 KATHERINE BIHR 150114 0 38000 0 11547 0 7986 0 7625 0 215272 0 0 0 JIN C THATCHER 148893 0 35000 0 8660 0 7751 0 26381 0 226685 0 0 0 Compensation from Related Organizations THE PRESIDENT, SECRETARY AND CEO, GREGORY T. MCLAUGHLIN WHO RESIGNED IN JUNE 2014, WAS COMPENSATED THROUGH TIGER WOODS FOUNDATION, INC., AND A RELATED 501(C)(3) ORGANIZATION, TIGER WOODS CHARITY EVENT CORPORATION, WHERE HE DEVOTED A COMBINED TOTAL OF 65 HOURS per week. IN CONJUNCTION WITH HIS DUTIES AS PRESIDENT AND CEO OF THE TIGER WOODS FOUNDATION, HE OVERSAW ALL FIVE TIGER WOODS LEARNING CENTERS AND ALL THE NATIONAL SCHOLARSHIP PROGRAMS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 1309114R8 2013-04-05 10775000 SEE PART VI false true false A 0 0 10775000 0 0 0 0 0 0 0 10775000 0 2013 false true true true A false false false false 0 false false false true A false true true true bank of america 15. false false false 0 false false A false SCHEDULE K, PART I, COLUMN (F) 0 REFINANCED THE OUTSTANDING PRINCIPAL OF THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS (TIGER WOODS LEARNING CENTER FOUNDATION) SERIES 2006 (THE "REFUNDED BONDS") WHICH WERE ISSUED TO PROVIDE FUNDS TO THE BORROWER TO REPAY A CONSTRUCTION LOAN INCURRED BY THE BORROWER TO FUND THE COSTS OF ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, FURNISHING AND EQUIPPING OF ALL OF THE REAL AND PERSONAL PROPERTY CONSTITUTING THE "TIGER WOODS LEARNING CENTER," A TWO-STORY, 35,000 SQUARE FOOT BUILDING, INCLUDING A MULTIMEDIA CENTER, AN AUDITORIUM, CLASSROOMS, A COMPUTER LAB, A STUDENT LOUNGE AND CAFE, A PUTTING COURSE AND DRIVING RANGE, AND OTHER AMENITIES. X 10830 RETAIL PRICE X golf clubs and balls 1 14454 RETAIL PRICE X program equip 1 51780 retail price X computers 2 25182 retail price X GIFT CARDS 1 6000 RETAIL PRICE false false false Number of Contributions Schedule M, Part I, Column B For part I, column B, the foundation is reporting the number of contributions received FROM DONORS. REVENUE LESS EXPENSES FORM 990, PART I, LINE 19 WHILE REVENUE LESS EXPENSES REPORTS A NET DEFICIT OF $3,643,320, THIS DEFICIT INCLUDES A $3,500,000 award MADE TO A RELATED ORGANIZATION. It was agreed by the board, the founder along with legal counsel, that it was a prudent business decision to have Mr. Woods' previous contributions be utilized to support and underwrite the charitable activities made to the related organization. THE NET DEFICIT EXCLUDING THIS award WAS ONLY $143,320 FOR THE YEAR. ORGANIZATION'S MISSION, CONTINUED FORM 990, PART III, LINE 1 THE GROUNDBREAKING TIGER WOODS LEARNING CENTERS ("TWLC") IN ORANGE COUNTY, CA; WASHINGTON, D.C.; PHILADELPHIA, PA; AND STUART, FL; ALONG WITH THE EARL WOODS SCHOLARSHIP PROGRAM PROVIDES A WEALTH OF EDUCATIONAL OPPORTUNITIES TO YOUNG PEOPLE NATIONWIDE. TWLC'S OPERATE SCHOOL FACILITIES THAT MAINTAIN REGULAR FACULTY, CURRICULUM, AND HAVE A REGULARLY ENROLLED STUDENT BODY OF STUDENTS IN ATTENDANCE, WITHIN THE MEANING OF SECTION 170(B)(1)(A)(II) OF THE CODE. PROGRAM SERVICE ACTIVITIES FORM 990, PART III, LINE 4A, CONTINUED BUILDING ON THESE TENETS, THE TIGER WOODS LEARNING CENTER HAS INTEGRATED RESEARCH ON WHAT YOUNG PEOPLE NEED TO BECOME HEALTHY AND THRIVING ADULTS. THE PROGRAM SUPPORTS 15,000 UNIQUE STUDENTS PER YEAR. CURRICULUM OFFERED: - CAREER ORIENTATION PROGRAM: ELEMENTARY SCHOOL - WEEK-LONG STUDENT/TEACHER ENRICHMENT DURING SCHOOL DAY. STUDENT CURRICULUM FOCUSED ON FORENSIC SCIENCE/MARINE SCIENCE. TEACHER PROFESSIONAL DEVELOPMENT - STANDARDS-BASED SCIENCE, AND TECHNOLOGY INTEGRATION. - CAREER EXPLORATION PROGRAM: MIDDLE/HIGH SCHOOL AFTER-SCHOOL ENRICHMENT: 40 STEM FOCUSED MODULES. EXAMPLES INCLUDE: BIOTECHNOLOGY, ENGINEERING, ROBOTICS, VIDEO PRODUCTION, VIDEO GAME DESIGN, NUTRITION/FITNESS, ENTREPRENEURSHIP AND AEROSPACE. TWLC-EXPANSION: IN 2008, THE TIGER WOODS FOUNDATION LAUNCHED ITS FIRST EXPANSION TWLC CAMPUS IN WASHINGTON, D.C. IN PARTNERSHIP WITH A LOCAL CHARTER SCHOOL. TWO ADDITIONAL CAMPUSES WERE ADDED IN PHILADELPHIA, PA AND STUART, FL THE FOLLOWING YEAR TO PROVIDE YOUTH WITH AUTHENTIC LEARNING EXPERIENCES IN ONE OR MORE TWLC SIGNATURE PROGRAMS FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) CAREER EXPLORATION AND COLLEGE PREPARATION. A SECOND CAMPUS WAS OPENED IN PHILADELPHIA, PA IN 2013 AT THE CRISTO REY PHILADELPHIA HIGH SCHOOL. TWLC CAMPUS STUDENTS HAVE ACCESS TO STATE-OF-THE-ART TECHNOLOGY AND LEARN HOW TO USE TOOLS VITAL TO WORKPLACE PRODUCTIVITY IN THE 21ST CENTURY. ALL EXPANSION LOCATIONS ARE SUPPORTED WITH TRAINING, CURRICULUM MATERIALS, RESOURCE SUPPORT AND FUNDING. CAMPUS MODEL 1 - WASHINGTON, D.C. - CESAR CHAVEZ CHARTER SCHOOL TWLC MAINTAINS TWO D.C. LOCATIONS IN PARTNERSHIP WITH THE CESAR CHAVEZ PUBLIC CHARTER SCHOOL FOR PUBLIC POLICY. PATTERNED AFTER THE TWLC FLAGSHIP, THE CAMPUS MODEL 1 IS PROVIDED DEDICATED SPACE AT TWO CHAVEZ SCHOOLS, ONE ON CAPITOL HILL (GRADES 9-12) AND THE OTHER IN THE KENILWORTH NEIGHBORHOOD (GRADES 6-8 AND 9-12). TWF STAFF SERVES OVER 1,000 STUDENTS ANNUALLY IN ONSITE AND OUTREACH PROGRAMS WHERE STUDENTS CAN EARN HIGH SCHOOL CREDIT. CURRICULUM OFFERED: - CAPITOL HILL: HIGH SCHOOL STUDENTS - AFTER SCHOOL ENRICHMENT: COMMUNICATIONS, VIDEO GAME DESIGN, COLLEGE ACCESS, AND FILMMAKING; SCHOOL DAY ELECTIVE COURSE: ROBOTICS AND VIDEO JOURNALISM. - PARKSIDE: MIDDLE SCHOOL STUDENTS - AFTER SCHOOL ENRICHMENT: GOING GREEN IN SCIENCE AND ENGINEERING; FIRST LEGO LEAGUE ROBOTICS CLUB; GRAPHIC DESIGN, VIDEO GAME DESIGN - SCHOOL DAY ELECTIVE COURSE: HIGH SCHOOL ROBOTICS. - STEM CAREER CONFERENCE - SATURDAY HANDS-ON WORKSHOP FOR MIDDLE/HIGH SCHOOL STUDENTS FROM THE D.C. METRO AREA. SPECIFIC FOCUS ON CAREER EXPLORATION FOR STUDENTS AND COLLEGE PREPARATION FOR FAMILIES. - SUMMER DAY CLASSES: OPEN TO STUDENTS THROUGHOUT D.C. METRO AREA - ONE-WEEK CONTENT INTENSIVE WORKSHOPS. EXAMPLES INCLUDE: TWLC CURRICULUM IN FORENSIC SCIENCE, INTRO TO COMPUTER PROGRAMMING, ASTRONOMY, VIDEO GAME DESIGN, COMMUNICATIONS, ROCKETRY AND VIDEO PRODUCTION. CAMPUS MODEL 2 - PHILADELPHIA, PA; STUART, FL A SECOND EXPANSION MODEL INVOLVES TWF PROVIDING FUNDING AND PROGRAM RESOURCES TO LOCAL SCHOOLS AND/OR COMMUNITY BASED ORGANIZATIONS ASSISTING WITH THE SET-UP OF A TWLC-BRANDED ENVIRONMENT WITHIN ONE CLASSROOM OR DESIGNATED SPACE. FUNDING COVERS CURRICULUM, FACILITY INFRASTRUCTURE AND SUPPORTS ONGOING PROFESSIONAL DEVELOPMENT AND EVALUATION. KEY COMPONENTS TO IDENTIFYING AN ACADEMIC PARTNER INCLUDE: RESEARCH ON LOCAL DEMOGRAPHICS, SCHOOL PERFORMANCE ON STATE/NATIONAL ASSESSMENTS, AND A SHARED COMMITMENT TO DEVELOPING A COLLABORATIVE RELATIONSHIP WHERE BOTH TWF AND THE LOCAL ENTITY CAN LEARN AND GROW TOGETHER. IN THIS MODEL SITE-BASED STAFF ADMINISTERS THE PROGRAM WHILE TWF PROGRAM STAFF PROVIDES BOTH CONSULTATION AND EXTERNAL SUPPORT TO ENSURE FIDELITY OF IMPLEMENTATION. STUART, FL - MURRAY MIDDLE SCHOOL OFFERED AS AN AFTER-SCHOOL PROGRAM, TEACHERS AT MURRAY MIDDLE SCHOOL HAVE DELIVERED TWF FORENSIC SCIENCE, UNIVERSAL SCIENCE AND VIDEO GAME DESIGN TO THEIR STUDENTS. IN ADDITION, SCHOOL STAFF HAS BEEN TRAINED IN POSITIVE YOUTH DEVELOPMENT METHODS AND HAVE INTEGRATED ACTIVITIES INTO THEIR ADVISORY CLASSES AT ALL GRADE LEVELS. PHILADELPHIA, PA - KIPP - DUBOIS COLLEGIATE PREPARATORY ACADEMY OFFERS THEIR HIGH SCHOOL STUDENTS THE OPPORTUNITY TO DO HANDS-ON ACTIVITIES LIKE DISSECTION, VIDEO GAME DESIGN, BIOTECHNOLOGY, ENGINEERING AND CRIME SCENE INVESTIGATION. DELIVERED AS A FOR-CREDIT CLASS, STUDENTS PARTICIPATE IN A SATURDAY ENRICHMENT WORKSHOP WHERE THEY ARE ABLE TO SPEND MORE TIME EXPLORING SCIENTIFIC CONCEPTS. PHILADELPHIA, PA - CRISTO REY PHILADELPHIA HIGH SCHOOL THROUGH A PARTNERSHIP WITH USLI AND CRISTO REY PHILADELPHIA, THE TWLC CAMPUS AT CRISTO REY OFFERS UNIQUE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) PROGRAMMING. COURSES INCLUDE TETRIX ROBOTICS, WHERE STUDENTS USE THEIR CREATIVITY TO BUILD ROBOTS WHILE EXPLORING THE WORLD OF ENGINEERING, AND UNIVERSAL SCIENCE, WHICH FOCUSES ON CHEMISTRY AND BIOLOGY. ADDITIONALLY THE TWLC CAMPUS PROVIDES MENTORING AND TEACHER-DEVELOPMENT TRAINING. SUMMER CLASSES: SIX ONE-WEEK CLASSES AT THE TWLC-OC AND TWLC-DC ELEMENTARY/MIDDLE/HIGH SCHOOL; SUMMER ACADEMY RESIDENTIAL PROGRAM FOCUSED ON STEM AND GOLF FOR CHILDREN FROM MILITARY FAMILIES. GOLF OUTREACH: TWLC-OC HOSTS WEEKLY CLINICS EACH SATURDAY AT THE TWLC GOLF FACILITY. THE MOBILE GOLF PROGRAM TAKES THE TWLC GOLF PROGRAM ON THE ROAD TO LOCAL ELEMENTARY SCHOOLS. OFFERED TO ORANGE COUNTY STUDENTS IN GRADES 5-6, THIS THREE-PHASE PROGRAM EMPHASIZES THE FUNDAMENTALS OF PUTTING, PITCHING AND THE FULL SWING. FORM 990, PART III, LINE 4C, CONTINUED FUNDING TUITION IS JUST ONE OF THE MANY HURDLES FACING FIRST-GENERATION COLLEGE STUDENTS. MANY ARE LEAVING HOME FOR THE FIRST TIME, ATTEMPTING TO JUGGLE WORK AND CLASS WHILE SCRAPING TOGETHER ENOUGH MONEY FOR BOOKS AND OTHER SUPPLIES. VIRTUALLY 90% OF OUR SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS, NAVIGATING THROUGH COLLEGE ON THEIR OWN. EWSP IS AN INCREDIBLE SUPPORT NETWORK THAT INCLUDES ADMISSIONS COUNSELING, DEDICATED MENTORS, SPECIALIZED INTERNSHIPS, FINANCIAL ASSISTANCE, PROFESSIONAL WORKSHOPS, AND CAREER DEVELOPMENT SERVICES FOR EACH SCHOLAR ACCEPTED INTO THE PROGRAM. WORKSHOPS INCLUDE RESUME-WRITING, MOCK INTERVIEWS, INFORMATION ABOUT GRADUATE SCHOOL AND BEGINNING THE CAREER SEARCH. IT IS IMPORTANT TO UNDERSCORE THAT SCHOLARS RECEIVE TWF FINANCIAL ASSISTANCE FOR TUITION, BOOKS, AND TRAVEL HOME AS WELL AS FOR TWF WORKSHOPS AND WINTER CLOTHING. ANOTHER ASPECT OF THE EWSP ARE PRE-COLLEGE WORKSHOPS DESIGNED TO GET YOUNG PEOPLE TO UNDERSTAND THAT IT IS NOT TOO EARLY TO START THINKING ABOUT COLLEGE AND THE BENEFITS OF A COLLEGE EDUCATION. THE WORKSHOPS ARE DESIGNED TO HELP STUDENTS FINISH HIGH SCHOOL PREPARED FOR POSTSECONDARY EDUCATION AND WITH A CLEAR IDEA ON HOW TO BEST APPROACH THE APPLICATION PROCESS AND SECURE FINANCIAL AID. THE PROGRAM ALSO ENGAGES PARENTS WITH INFORMATION REGARDING THE PROCESS THEIR STUDENTS ARE GOING THROUGH DURING MIDDLE AND HIGH SCHOOL, AND HOW TO BE ADVOCATES FOR THEIR STUDENTS' EDUCATIONAL SUCCESS. THIS COLLEGE ACCESS PROGRAM IS OFFERED FOR FREE TO STUDENTS AND THEIR FAMILIES WHO ARE INTERESTED IN HIGHER EDUCATION AND HELPS INFORM THEM OF ITS IMPORTANCE AND AFFORDABILITY. FORM 990, PART III, LINE 4D OTHER PROGRAMS TWLC OFFERS VARIOUS COMMUNITY OUTREACH PROGRAMS, INCLUDING TOWN HALL MEETINGS, GUEST SPEAKERS, AND COLLEGE PREPARATION WORKSHOPS FOR FAMILIES AND STUDENTS THROUGHOUT SOUTHERN CALIFORNIA. COLLEGE ACCESS PROGRAMS INCLUDE: FOR MIDDLE/HIGH SCHOOL STUDENTS AND FAMILIES, THE TWF OFFERS WORKSHOPS ON NAVIGATING THE COLLEGE APPLICATION PROCESS AND FINANCIAL AID; COLLEGE ADMISSIONS INTERVIEWS AND INFORMATION SESSIONS FOR TOP UNIVERSITIES NATIONWIDE (BROWN, HARVARD, YALE, GEORGETOWN, FRANKLIN & MARSHALL, REED AND MORE); AND A PRE-COLLEGE BOOTCAMP FOR HIGH SCHOOL SENIORS. STEM CAREER CONFERENCE - SATURDAY HANDS-ON WORKSHOP FOR MIDDLE/HIGH SCHOOL STUDENTS FROM THE DC METRO AREA WITH A SPECIFIC FOCUS ON CAREER EXPLORATION FOR STUDENTS AND COLLEGE PREPARATION FOR FAMILIES. MEMBERS OF THE ORGANIZATION FORM 990, PART VI, LINE 7A THE ORGANIZATION HAS a sole MEMBER. THE MEMBER'S CLASS IS NONVOTING. THE MEMBER ELECTS AND DESIGNATES THE BOARD OF governors. ALL CORPORATE POWERS ARE MANAGED UNDER THE DIRECTION OF THE BOARD OF governors. PROCESS FOR REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 The Board of governors has delegated the review of the Form 990 to the Audit Committee. The organization's Executive Staff works closely with the outside accounting firm it engages to review the return; and the final draft of Form 990 is also reviewed by the treasurer/CFO prior to providing the draft to the Audit Committee. In addition to consulting with the treasurer/CFO and Executive Staff, the Audit Committee also meets with the accounting firm hired to prepare the Form 990. Subsequent to its review, the Audit Committee reports back to the Board regarding its oversight of the Form 990 and the final draft is provided to the entire Board before the return is filed. its oversight of the Form 990 and the final draft is provided to the entire Board before the return is filed. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C Pursuant to the Conflict of Interest Policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationship transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she: (1) has received a copy of the Conflict oF Interest Policy; (2) has read the Policy and understands said Policy; and (3) agrees to comply with all requirements of the Policy, including completing the conflict of interest questionnaire. The procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the Board; (2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (4) alternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained; (5) any conflicting issues during the course of a Board meeting THAT cannot be resolved is referred to the Governance Committee; and (6) the transaction or action must be approved by a majority of disinterested persons. COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, LINE 15 The Board appoints a COMPENSATION Committee, none of which have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer or key employee, including the CEO. The COMPENSATION Committee develops, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for officers and key employees. The COMPENSATION Committee also hires a qualified independent compensation and benefits specialist (independent expert) to review, analyze and provide benchmarking data for the total compensation and benefits packages of officers and key employees. Appropriate comparability data is obtained from the independent experts, (i.e., total economic benefits paid by similarly situated organizations, both taxable and tax-exempt) for similar job responsibilities. Annually the compensation committee approves the compensation for CEO, OFFICER AND ANY KEY EMPLOYEE. INCENTIVE COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR BASED ON THE EMPLOYEE'S PERFORMANCE AGAINST STATED GOALS FOR THAT YEAR. The Committee's written records include the (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); and (2) a description of the comparable data relied on by the Committee. Key deliberations of the Committee, including: (A) The terms of the transaction that was approved and the date it was approved; (B) The members of the authorized body who were present during debate on the transaction that was approved and those who voted on it; (C) The comparability data obtained and relied upon by the authorized body and how the data was obtained; and (D) Any actions taken with respect to consideration of the transaction by anyone who is otherwise a member of the authorized body but who had a conflict of interest with respect to the transaction are also documented in minutes which are approved at the next Committee meeting. DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its audited financial statements that were prepared in accordance with generally accepted accounting principles (GAAP) available upon request. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 UNREALIZED GAINS ON INTEREST RATE SWAP 1,228,368 PRIOR YEAR GRANT Refund (2,500) -------------- TOTAL 1,225,868 TIGER WOODS LEARNING CENTER DC CAMPUSES 121 INNOVATION DR SUITE 150 IRVINE CA 92617 453467705 EDUCATION DC 69202 7152030 TWF TIGER WOODS CHARITY EVENT CORPORATION 121 INNOVATION DR SUITE 150 IRVINE CA 92617 061554474 Fundraising CA 501(c)(3) 11 TWF true false true true false false false false false false false false false false true true true true false false TIGER WOODS CHARITY EVENT CORPORATION B 3500000 SEE PART VII TIGER WOODS CHARITY EVENT CORPORATION C 2095375 SEE PART VII TRANSACTIONS WITH RELATED ORGANIZATIONS SCHEDULE R, PART V, LINE 2, COLUMN (C) GRANT PAID (B): The cash grants to the tiger woods charity event corporation were determined based on the recipient charitable organization's operational needs and was approved by the foundation's board of governors. GRANT RECEIVED (C): THE CASH GRANTS FROM THE TIGER WOODS CHARITY EVENT CORPORATION WERE DETERMINED BASED ON THE RECIPIENT CHARITABLE ORGANIZATION'S OPERATIONAL NEEDS AND WAS APPROVED BY THE FOUNDATION'S BOARD DURING THE ANNUAL BUDGETING PROCESS FOR 2012-2013.