2023-08-15T09:23:33-05:00 2022-09-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2021-10-01 061554474 TIGER WOODS CHARITY EVENT CORPORATION TIGE 9497253003 15440 LAGUNA CANYON ROAD 230 IRVINE CA 92618 JIN THATCHER TREASURER 9497253003 2023-08-14 1 JIN THATCHER XXX-XX-XXXX CAREY MCKEE P01281067 2139724000 2023-08-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TGR LIVE GORDON MCNEILL 15440 LAGUNA CANYON ROAD 230 IRVINE CA 92618 49023219 0 X WWW.TGRFOUNDATION.ORG X 1999 CA SUPPORTS THE PROGRAMS OF THE TIGER WOODS FOUNDATION INCLUDING ITS MULTIPLE EDUCATIONAL LEARNING CENTERS, NATIONAL SCHOLARSHIP PROGRAM AND VIRTUAL EDUCATIONAL OPPORTUNITIES. 3 1 24 1337 0 0 1853174 2853834 21244153 43841304 41240 61438 89215 1194416 23227782 47950992 2057500 7100000 0 0 2718892 3340284 0 0 582176 18451015 37412362 23227407 47852646 375 98346 9536474 25173092 8648408 24186680 888066 986412 X TO FUNCTION AS A SUPPORTING ORGANIZATION IN THE FURTHERANCE OF THE CHARITABLE ACTIVITIES, EDUCATIONAL PROGRAMS FOR YOUTH, AND THE GOALS OF THE TIGER WOODS FOUNDATION, INC., A PUBLICLY SUPPORTED ORGANIZATION FORMED AND QUALIFIED UNDER SECTION 501(C)(3) OF THE IRC. 0 0 46730770 7100000 43841304 TGR LIVE RAISES FUNDS FOR THE TGR FOUNDATION AND ITS EDUCATIONAL PROGRAMS. THE CHARITY CREATES UNIQUE EXPERIENCES FOR ALL DONORS AND GUESTS, WHILE HELPING YOUNG SCHOLARS AND STUDENTS TO ACHIEVE THEIR LIFE GOALS THROUGH TGR FOUNDATION'S EDUCATIONAL PROGRAMS. TGR LIVE PRODUCED 5 CHARITABLE EVENTS DURING THE YEAR OF 10/01/2021 THROUGH 9/30/2022. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O. 46730770 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 35 0 1 24 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X HOOD & BURCH INC 7149954833 10833 VALLEY VIEW STREET SUITE 470 CYPRESS CA 90630 GORDON MCNEILL PRESIDENT/SECRETARY/CEO 40.00 25.00 X X 248800 250000 57070 CHRIS HUBMAN DIRECTOR 1.00 1.00 X 0 0 0 MARK STEINBERG DIRECTOR (AS OF 09/01/21) 1.00 1.00 X 0 0 0 JIN C THATCHER TREASURER 1.00 49.00 X 0 240626 43726 MICHELLE A BEMIS PRESIDENT TGR LIVE 45.00 0.00 X 241826 0 24623 MICHAEL ANTOLINI SENIOR VP TGR LIVE 45.00 0.00 X 221041 0 28660 DAVID S KLEWAN GENERAL MGR/GENESIS INV 45.00 0.00 X 190100 0 39725 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 45.00 0.00 X 168749 0 56311 MATTHEW S CUSICK DIRECTOR, SALES 40.00 0.00 X 117568 0 29942 RICHARD A SINGER FORMER CEO 0.00 0.00 X 234325 0 0 1422409 490626 280057 10 1 1 0 PARTYTIME-HDO OPERATIONS LLC DEPT 215 PO BOX 4458 HOUSTON TX 772104458 EVENT RENTALS 762195 EXECUTIVE EVENT SERVICES LLC 22600 SAVI RANCH PKWY YORBA LINDA CA 92887 SECURITY MANAGEMENT 148887 3 678184 2175650 503751 2853834 PROGRAM SERVICES 900099 43841304 43841304 43841304 65957 65957 271911 276430 -4519 -4519 -4519 541165 678184 584686 -43521 -43521 1408998 211111 1197887 1197887 REFUNDS AND REBATES 900099 37858 37858 MISC INCOME 900099 2192 2192 40050 47950992 43841304 0 1255854 7100000 7100000 313125 172219 78281 62625 2404732 1876140 146195 382397 87003 65575 7186 14242 354552 267226 29286 58040 180872 136323 14940 29609 6481 6481 123528 39527 79622 4379 1084958 1063790 7099 14069 11399655 11399655 457052 360503 95771 778 6733 6733 120462 82991 21888 15583 107867 107422 149 296 66238 6797 59283 158 119475 119475 TOURNAMENT COSTS 23919913 23919913 47852646 46730770 539700 582176 1251 5507 6044044 15606373 350326 339000 0 0 0 0 0 0 0 0 18573 12899 1642541 9209313 0 0 0 0 0 0 0 0 0 0 0 0 1479739 0 9536474 25173092 692099 2289910 0 2228235 7956309 19668535 0 0 0 0 0 0 0 0 0 0 0 0 8648408 24186680 X 888066 986412 0 0 888066 986412 9536474 25173092 98346 0 X X 0 1 X 1 0 X X 1 TIGER WOODS FOUNDATION INC 200677815 2 1 7100000 0 1 7100000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 47950992 0 47950992 0 47950992 47852646 0 47852646 0 47852646 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES HERO WORLD CHALLENGE 12536869 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING N/A 94599 0 0 0 0 0 0 12631468 0 12631468 0 0 0 0 0 0 PART III ACCOUNTING METHOD: TIGER JAM 610465 172298 438167 456344 NEXUS CUP 480000 384000 96000 101033 2 128884 121886 6998 27309 1219349 678184 541165 584686 584686 -43521 1408998 35000 4710 133467 37934 0 1408998 35000 4710 133467 37934 211111 1197887 NV 0 A CHARITY POKER TOURNAMENT WAS HELD IN NEVADA IN CONJUNCTION WITH TIGER JAM 2022 CHARITY FUNDRAISING EVENT. GAMING WAS OPERATED THROUGH A THIRD PARTY, MGM GRAND RESORTS INTERNATIONAL. 0 1 0 0.00000 1.00000 GORDON MCNEILL 15440 LAGUNA CANYON ROAD SUITE 230 IRVINE CA 92618 1 703500 68971 MGM RESORTS INTERNATIONAL PO BOX 748137 LOS ANGELES CA 90074 GORDON MCNEILL OVERALL SUPERVISION OF GAMING OPERATIONS X 0 SCHEDLE G, PART III, LINE 9B: A CHARITY POKER TOURNAMENT AND RAFFLE WERE HELD IN CONJUNCTION WITH THE HERO WORLD CHALLENGE GOLF TOURNAMENT IN NASSAU, BAHAMAS. GAMING FOR THAT EVENT WAS OPERATED THROUGH AN INTERNATIONAL THIRD PARTY, ALBANY RESORTS. SCHEDLE G, PART III, LINE 15A: ADDITIONAL GAMING CONTRACTOR AMOUNT OF GAMING REVENUE RECEIVED BY ORGANIZATION: 475,000 AMOUNT OF GAMING REVENUE RETAINED BY THE THIRD PARTY: 64,496 NAME OF THIRD PARTY: ALBANY RESORTS ADDRESS OF THIRD PARTY: SOUTH OCEANA BLVD, PO BOX SP-63158 NASSAU, PI, BAHAMAS 1 TIGER WOODS FOUNDATION 1 TIGER WOODS WAY ANAHEIM CA 92801 200677815 501(C)(3) 7100000 0 N/A N/A YOUTH DEVELOPMENT 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS AS A SECTION 509(A)(3) SUPPORTING ORGANIZATION, THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE TIGER WOODS FOUNDATION (PROGRAMS SUCH AS LEARNING CENTERS AND SCHOLARSHIPS), WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE BENEFICIARY ORGANIZATION, TRANSFERRING AND MONITORING THAT RESTRICTIONS ARE MET BEFORE RELEASE AND EXPENDITURE OF SUCH FUNDS. 0 0 0 1 0 0 0 0 0 GORDON MCNEILL PRESIDENT/SECRETARY/CEO 248800 250000 0 0 0 0 11600 0 45470 0 305870 250000 0 0 JIN C THATCHER TREASURER 0 238764 0 0 0 1862 0 9675 0 34051 0 284352 0 0 MICHELLE A BEMIS PRESIDENT TGR LIVE 239964 0 0 0 1862 0 9675 0 14948 0 266449 0 0 0 MICHAEL ANTOLINI SENIOR VP TGR LIVE 219400 0 0 0 1641 0 8866 0 19794 0 249701 0 0 0 RICHARD A SINGER FORMER CEO 0 0 0 0 234325 0 0 0 0 0 234325 0 0 0 DAVID S KLEWAN GENERAL MGR/GENESIS INV 190100 0 0 0 0 0 7652 0 32073 0 229825 0 0 0 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 138155 0 30594 0 0 0 5576 0 50735 0 225060 0 0 0 PART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, TIGER WOODS FOUNDATION, INC., THAT USED ONE OR MORE OF THE FOLLOWING METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY AND STUDY APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE PART I, LINE 5 THE ORGANIZATION ENTERED INTO A VARIABLE COMPENSATION ARRANGEMENT WITH DANIEL CALLAHAN. HE WOULD BE ELIGIBLE TO EARN A COMMISSION OF 2-4% OF REVENUES FOR THE ORGANIZATION'S EVENTS AND FUNDRAISERS, IF THE REVENUE HE GENERATED EXCEEDED SPECIFIED TARGET GOALS. AMOUNTS PAID UNDER THIS ARRANGEMENT AMOUNTED TO $30,594 AND ARE INCLUDED IN COLUMN (B)(II) IN PART II. PART I, LINE 3: COMPENSATION FROM RELATED ORGANIZATIONS THE PRESIDENT, SECRETARY AND CEO, GORDEN MCNEILL, WAS COMPENSATED THROUGH TIGER WOODS CHARITY EVENT CORPORATION, AND A RELATED 501(C)(3) ORGANIZATION, TIGER WOODS FOUNDATION, INC., 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. X 1100 RETAIL VALUE X 3 94000 RETAIL VALUE X 1 24527 HIGH/LOW DATE DON X 12 44973 RETAIL VALUE X SPORTING EQUIPMENT 3 209151 RETAIL VALUE X GOLF SIMULATOR 1 130000 RETAIL VALUE 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS RECEIVED THE NUMBERS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS. FORM 990, PART III, LINE 4A CONTINUED PROGRAM SERVICE ACCOMPLISHMENTS TIGER WOODS INVITATIONAL OCTOBER 2021 THE TIGER WOODS INVITATIONAL. IN THE TENTH EDITION OF THE TIGER WOODS INVITATIONAL PRESENTED BY USLI, A FULL FIELD OF 120 GOLFERS PARTICIPATED IN THE THREE-DAY EVENT FROM, OCTOBER 11-13, 2021. PGA TOUR PROFESSIONAL MAX HOMA JOINED THE GROUP ON MONDAY AT SPYGLASS HILL GOLF COURSE ALONG WITH THE GOLF CHANNEL'S BLAIR O'NEIL. FELLOW PGA TOUR PLAYER BRYSON DECHAMBEAU JOINED MAX FOR AN INTIMATE Q&A ON MONDAY EVENING HOSTED BY ESPN'S ASHLEY BREWER, ON TUESDAY, DECHAMEAU PUT ON AN EXHIBITION AT MPCC FOR DONORS AND GUESTS. HERO WORLD CHALLENGE 2021 THE HERO WORLD CHALLENGE RETURNED TO ALBANY, BAHAMAS FROM NOVEMBER 29 - DECEMBER 5, 2021 WITH A FULL SCHEDULE OF EVENTS. IT WAS THE FIRST YEAR BACK AFTER THE 2020 EVENT WAS CANCELED DUE TO COVID 19. FOR THE FIRST TIME IN THE HISTORY OF THE TOURNAMENT, THE FIELD FEATURED 20 PLAYERS, UP FROM ITS TRADITIONAL 18 NUMBER. A STAR-STUDDED GROUP OF PGA TOUR PROFESSIONALS COMPETED AT THE CHAMPIONSHIP COURSE BUT IT WAS A YOUNG PHENOM WHO STOLE THE SHOW. VIKTOR HOVLAND USED BACK-TO-BACK EAGLES TO SEPARATE HIMSELF FROM A CROWDED LEADERBOARD. PLAYING IN THE TOURNAMENT FOR THE FIRST TIME, HOVLAND WOULD BECOME THE THIRD STRAIGHT EUROPEAN PLAYER TO WIN THE TOURNAMENT AND JUST THE THIRD PLAYER TO WIN IN HIS TOURNAMENT DEBUT. GENESIS INVITATIONAL 2022 THE ROARS RETURNED TO RIVIERA COUNTRY CLUB AS SPECTATORS WERE WELCOMED BACK TO THE GENESIS INVITATIONAL FOR THE FIRST TIME SINCE 2020 AS THE 2021 TOURNAMENT WAS PLAYED WITHOUT FANS IN ATTENDANCE. THE TOURNAMENT, HELD FEBRUARY 14-20, 2022 WITH MULTIPLE PRO-AMS AND FOUR ROUNDS OF COMPETITION BROADCAST ON GOLF CHANNEL AND CBS, FEATURED ITS STRONGEST FIELD IN IT'S NEARLY 100 YEAR HISTORY AS 11 OF THE TOP PLAYERS IN THE WORLD ALL COMPETED. JOAQUIN NIEMANN TOOK THE TOURNAMENT INTO HIS OWN HANDS, SETTING THE 36 AND 54-HOLE SCORING RECORDS EN ROUTE TO A WIRE-TO-WIRE VICTORY. IT WAS THE FIRST WIRE-TO-WIRE WIN SINCE 1969 AND THE PACKED HOSPITALITY AROUND 18 GREEN CELEBRATED THE TRIUMPHANT VICTORY. ALL EVENT PROCEEDS FROM TICKET AND HOSPITALITY SALES, PRO-AMS, AN AUCTIONS HELPED RAISE FUNDS FOR TGR FOUNDATION. TIGER JAM 2022 HELD APRIL 29-30, 2022, AT THE MGM GRAND LAS VEGAS, TIGER JAM PRESENTED BY DRAFTKINGS FEATURED TWO DAYS OF GOLF AND INCLUDES A CHARITY POKER EVENT IN PARTNERSHIP WITH THE WORLD POKER TOUR AND MUSICAL ENTERTAINMENT. AS THE MAIN EVENT, THE MUSIC, ENTERTAINMENT AND PHILANTHROPY TAKE CENTER STAGE, ARTIST LADY GAGA JAZZ & PIANO SHOW AT DOLBY LIVE WAS THE HIGHLIGHTED EVENT. GUESTS ENJOY A LIVELY ATMOSPHERE WITH CURATED EXPERIENCES, RECEPTION & GOURMET DINING, AND A CHARITY AUCTION WHICH BENEFITS THE TGR FOUNDATION. NEXUS CUP 2022 NEXUS CUP THE THIRD ANNUAL NEXUS CUP WAS HELD AT LIBERTY NATIONAL GOLF CLUB AND NEXUS CLUB NEW YORK ON SEPTEMBER 12-13, 2022. GUESTS WERE TREATED TO TWO DAYS OF COMPETITIVE MATCHES AMID PREMIUM GIFTING AND CELEBRITY INTERACTIONS ON-COURSE FROM HOST TIGER WOODS, WORLD #1 SCOTTIE SCHEFFLER, #12-RANKED SAM BURNS, 2012 U.S. OPEN CHAMPION WEBB SIMPSON, TIGER'S CADDIE JOE LACAVA AND SCOTTIE'S CADDIE TED SCOTT. AT MONDAY EVENING'S DINNER, EARL WOODS SCHOLAR ALUMNA KARINA RAMIREZ SPOKE ABOUT THE TRANSFORMATIONAL IMPACT TGR FOUNDATION HAD ON HER DURING HER HIGH SCHOOL AND COLLEGE YEARS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION THE ORGANIZATION HAS A SOLE MEMBER, THE TIGER WOODS FOUNDATION. 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. FORM 990, PART VI, SECTION A, LINE 8B BOARD MINUTES THE BOARD'S DISCUSSIONS REGARDING THE ORGANIZATION ARE DOCUMENTED IN CONJUNCTION WITH THE BOARD MEETINGS OF ITS SOLE MEMBER, THE TIGER WOODS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEW OF FORM 990 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. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY 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 WHICH CANNOT BE RESOLVED IS REFERRED TO THE EXECUTIVE COMMITTEE; AND (6) THE TRANSACTION OR ACTION MUST BE APPROVED BY A MAJORITY OF DISINTERESTED PERSONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION PROCESS 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. 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. COMPENSATION DETERMINATION PROCESS (OTHER OFFICERS OR KEY EMPLOYEES) THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR OTHERS OFFICERS AND KEY EMPLOYEES IS THE SAME AS FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS 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. FORM 990, PART XII, LINE 2C AUDIT OF FINANCIAL STATEMENTS BY INDEPENDENT ACCOUNTANT THE TIGER WOODS CHARITY EVENT CORPORATION'S FINANCIAL STATEMENTS WERE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE TIGER WOODS FOUNDATION INC., AND AFFILIATES. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS WERE AUDITED BY KPMG, AN INDEPENDENT ACCOUNTING FIRM, AND WERE PREPARED ACCORDING TO GAAP. TIGER WOODS FOUNDATION INC 1 TIGER WOODS WAY ANAHEIM CA 92801 200677815 EDUCATION CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 TIGER WOODS FOUNDATION INC B 7100000 CASH PAID & ACCRUAL