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        <City>WEST PALM BEACH</City>
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        <BusinessNameLine1>THE PROFESSIONAL GOLFERS ASSOC</BusinessNameLine1>
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        <EINOfRecipient>593085528</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SPECIAL OLYMPICS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>4004 BARRETT DR STE 206</AddressLine1>
          <City>RALEIGH</City>
          <State>NC</State>
          <ZIPCode>27609</ZIPCode>
        </AddressUS>
        <EINOfRecipient>590889518</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>CHARITABLE</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>DIVERSITY GOLF FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>7032 ALVISIO AVE</AddressLine1>
          <City>RIVERSIDE</City>
          <State>CA</State>
          <ZIPCode>92509</ZIPCode>
        </AddressUS>
        <EINOfRecipient>271108766</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE CHILDREN'S HEALTHCARE CHARITY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>631 US HIGHWAY 1 STE 410</AddressLine1>
          <City>NORTH PALM BEACH</City>
          <State>FL</State>
          <ZIPCode>33408</ZIPCode>
        </AddressUS>
        <EINOfRecipient>204394654</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
        <PurposeOfGrant>CHARITABLE</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>NATIONAL RECREATION &amp; PARKS ASSOC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 5007</AddressLine1>
          <City>MERRIFIELD</City>
          <State>VA</State>
          <ZIPCode>221165007</ZIPCode>
        </AddressUS>
        <EINOfRecipient>135563001</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>30000</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>INTERNATIONAL GOLF FEDERATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 708</AddressLine1>
          <City>FAR HILLS</City>
          <State>NJ</State>
          <ZIPCode>079310708</ZIPCode>
        </AddressUS>
        <EINOfRecipient>262934818</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FIRST TEE NEW YORK INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3200 FLATBUSH AVE</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11235</ZIPCode>
        </AddressUS>
        <EINOfRecipient>311724122</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>12500</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNITED WAY OF PALM BEACH CNTY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2600 QUANTUM BLVD</AddressLine1>
          <City>BOYNTON BEACH</City>
          <State>FL</State>
          <ZIPCode>334268627</ZIPCode>
        </AddressUS>
        <EINOfRecipient>590683258</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>16759</AmountOfCashGrant>
        <PurposeOfGrant>CHARITABLE</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>MIDNIGHT GOLF PROGRAM</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 4399</AddressLine1>
          <City>EAST LANSING</City>
          <State>MI</State>
          <ZIPCode>488264399</ZIPCode>
        </AddressUS>
        <EINOfRecipient>383580432</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>GROWTH OF GOLF</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>LOUISVILLE URBAN LEAGUE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1535 WEST BROADWAY</AddressLine1>
          <City>LOUISVILLE</City>
          <State>KY</State>
          <ZIPCode>40203</ZIPCode>
        </AddressUS>
        <EINOfRecipient>610444771</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>CHARITABLE</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>12</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>1</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE I, PAGE 4, PART IV</ReturnReference>
        <Explanation>THE RECIPIENT MUST SUBMIT A REQUEST FOR THE GRANT/CONTRIBUTION AND THE THE ORGANIZATION ESTABLISHES THAT THE RECIPIENT IS A QUALIFIED CHARITABLE ORGANIZATION PRIOR TO DISBURSING THE GRANTS AND CONTRIBUTIONS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc6">
      <FirstClassOrCharterTravel>X</FirstClassOrCharterTravel>
      <TravelForCompanions>X</TravelForCompanions>
      <IdemnificationGrossUpPayments>X</IdemnificationGrossUpPayments>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>JOE STERANKA</NamePerson>
        <CompBasedOnRelatedOrgs>792273</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>27680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>39399</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>49502</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>21598</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>930452</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>TIM SHANK</NamePerson>
        <CompBasedOnRelatedOrgs>268847</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>85680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>9155</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>42731</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>24765</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>431178</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CHRISTINE GARRITY</NamePerson>
        <CompBasedOnRelatedOrgs>257831</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>70679</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>11196</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>41574</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>7939</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>389219</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KIRK POTTINGER</NamePerson>
        <CompBasedOnRelatedOrgs>218312</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>52680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>11309</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>38879</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>16592</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>337772</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KERRY HAIGH</NamePerson>
        <CompBasedOnRelatedOrgs>329073</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>110680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>10728</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>61206</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>23248</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>534935</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BRADLEY SULLIVAN</NamePerson>
        <CompBasedOnRelatedOrgs>154347</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>29680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>10948</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>15884</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>23115</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>233974</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KEVIN CARTER</NamePerson>
        <CompBasedOnRelatedOrgs>239397</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>88680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>9779</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>41326</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>23115</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>402297</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JULIUS MASON</NamePerson>
        <CompBasedOnRelatedOrgs>189123</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>44680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>12355</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>35600</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>23223</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>304981</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ROSEMARIE BARR</NamePerson>
        <CompBasedOnRelatedOrgs>163397</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>35680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>11035</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>21649</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>21615</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>253376</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PAUL METZLER</NamePerson>
        <CompBasedOnRelatedOrgs>139147</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>32680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>10990</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>18864</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>19466</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>221147</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>EARNEST ELLISON JR</NamePerson>
        <CompBasedOnRelatedOrgs>144254</CompBasedOnRelatedOrgs>
        <BonusRelatedOrgs>20680</BonusRelatedOrgs>
        <OtherCompensationRelatedOrgs>847</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>16714</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>8569</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>191064</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JIM AWTRY</NamePerson>
        <CompBasedOnRelatedOrgs>138977</CompBasedOnRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>60201</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>199178</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PAUL BOGIN</NamePerson>
        <CompBasedOnRelatedOrgs>121576</CompBasedOnRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>62271</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>183847</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS</Identifier>
        <ReturnReference>SCHEDULE J, PAGE 1, PART I, LINE 4</ReturnReference>
        <Explanation>JOE STERANKA 0 25,002 0 TIM SHANK 0 18,231 0 CHRISTINE GARRITY 0 17,074 0 KIRK POTTINGER 0 14,379 0 KERRY HAIGH 0 21,706 0 KEVIN CARTER 0 16,826 0 JULIUS MASON 0 12,159 0</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc7">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>TO PROMOTE THE ENJOYMENT &amp; INVOLVEMENT IN THE GAME AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE PGA WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND THE GENERAL PUBLIC. AS A RESULT, THE PGA WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFERS' VOCATION, STIMULATE INTEREST IN THE GAME OF GOLF, AND PROMOTE THE OVERALL VITALITY OF THE GAME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>THE ENTITY IS ORGANIZED WITH BASIC AND APPRENTICE MEMBERS WHO ARE QUALIFIED GOLF PROFESSIONALS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>MEMBERS RATIFY AND ELECT THE MEMBERS OF THE GOVERNING BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DECISIONS SUBJECT TO APPROVAL OF MEMBERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7B</ReturnReference>
        <Explanation>CERTAIN DECISIONS OF THE GOVERNING BOARD REQUIRE APPROVAL BY THE MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE TAX OFFICER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ALL MEMBERS OF THE BOARD OF DIRECTORS RECEIVE A CONFLICT OF INTEREST POLICY AT THE TIME THEY ARE ELECTED TO THE BOARD. THE CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS TO AVOID CONFLICT SITUATIONS. IN THE EVENT A CONFLICT ARISES, THEY ARE REQUIRED TO DISCLOSE THE CONFLICT TO THE OTHER DIRECTORS SO THEY CAN TAKE APPROPRIATE ACTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE ORGANIZATION HAS NO EMPLOYEES. THE TOP MANAGEMENT OFFICIALS ARE PAID BY A RELATED COMPANY. FOR THIS RELATED COMPANY, ALL EMPLOYEE COMPENSATION IS DETERMINED BASED ON COMPARABILITY DATA AND PERFORMANCE EVALUATIONS AND THE DELIBERATION AND DECISION PROCESS IS CONTEMPORANEOUSLY SUBSTANTIATED. CERTAIN PROVISIONS MAY ALSO BE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS WITH THE ASSISTANCE OF INDEPENDENT CONSULTANTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE ORGANIZATION HAS NO EMPLOYEES OF ITS OWN. THE OTHER OFFICERS ARE PAID BY A RELATED COMPANY. FOR THIS RELATED COMPANY, ALL EMPLOYEE COMPENSATION IS DETERMINED BASED ON COMPARABILITY DATA AND PERFORMANCE EVALUATIONS AND THE DELIBERATION AND DECISION PROCESS IS CONTEMPORANEOUSLY SUBSTANTIATED. CERTAIN PROVISIONS MAY ALSO BE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS WITH THE ASSISTANCE OF INDEPENDENT CONSULTANTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>NET ASSETS INCLUDE 19,006,915 OF UNREALIZED GAINS ON INVESTMENTS AND AN OFFSET OF 7,443 RELATED TO THE REVERSAL OF A PRIOR YEAR CORRECTION TO THE RELATED PARTY RENTAL INCOME COMPUTATION. THIS NET BALANCE OF 18,999,472 IS REFLECTED ON LINE 5 OF PART XI AS AN OTHER CHANGE IN NET ASSETS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc8">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PGA FOUNDATION INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>591809626</EIN>
        <PrimaryActivities>GROW GOLF</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501C3</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PGA FINANCIAL ASSISTANCE FUND INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>650443262</EIN>
        <PrimaryActivities>FINC'L AID</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501C3</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>VALHALLA GOLF CLUB LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>611252109</EIN>
        <PrimaryActivity>GOLF RLTD</PrimaryActivity>
        <LegalDomicileState>KY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>PGA VALHAL</BusinessNameLine1>
          <BusinessNameLine2>PGA VALHALLA INC</BusinessNameLine2>
        </DirectControllingEntityName>
        <PredominantIncomeType>RELATED</PredominantIncomeType>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>false</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>VALHALLA GOLF CLUB LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>611252109</EIN>
        <PrimaryActivity>GOLF RLTD</PrimaryActivity>
        <LegalDomicileState>KY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>PGA VALHAL</BusinessNameLine1>
          <BusinessNameLine2>PGA VALHALLA INC</BusinessNameLine2>
        </DirectControllingEntityName>
        <PredominantIncomeType>RELATED</PredominantIncomeType>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>false</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>VALHALLA GOLF CLUB LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>611252109</EIN>
        <PrimaryActivity>GOLF RLTD</PrimaryActivity>
        <LegalDomicileState>KY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>PGA VALHAL</BusinessNameLine1>
          <BusinessNameLine2>PGA VALHALLA INC</BusinessNameLine2>
        </DirectControllingEntityName>
        <PredominantIncomeType>RELATED</PredominantIncomeType>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>false</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>PGA CORPORATION</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>591101063</EIN>
        <PrimaryActivity>GOLF RLTD.</PrimaryActivity>
        <LegalDomicileState>FL</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>PGA OF AM</BusinessNameLine1>
          <BusinessNameLine2>PGA OF AMERICA</BusinessNameLine2>
        </DirectControllingEntityName>
        <TypeOfEntity>C CORP</TypeOfEntity>
        <ShareOfTotalIncome>35620912</ShareOfTotalIncome>
        <ShareOfEOYAssets>115621739</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>PGA GOLF DEVELOPMENT INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 109601</AddressLine1>
          <City>PALM BEACH GARDENS</City>
          <State>FL</State>
          <ZIPCode>334109601</ZIPCode>
        </AddressUS>
        <EIN>650775946</EIN>
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      <Form990ScheduleRPartVII>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE R</ReturnReference>
        <Explanation>THE ORGANIZATION SHARES CERTAIN FACILITIES AND EQUIPMENT WITH ITS RELATED ENTITIES PGA CORPORATION IS THE DIRECT EMPLOYER FOR MOST OF THE RELATED ORGANIZATIONS AND THE ORGANIZATION SHARES A NUMBER OF THESE EMPLOYEES THE ORGANIZATION HOLDS THE GENERAL DISBURSEMENT ACCOUNT FOR MOST OF THE RELATED ORGANIZATIONS THIS GENERAL DISBURSEMENT ACCOUNT IS USED FOR COST SAVINGS AND EFFICIENCIES THE ORGANIZATION DISBURSES FUNDS FOR EXPENSES OF MANY OF THE RELATED ORGANIZATIONS THE RELATED ORGANIZATIONS REIMBURSE PGA OF AMERICA FOR THESE DISBURSEMENTS ON A PERIODIC BASIS</Explanation>
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</Return>