2022-08-15T16:15:10-05:00 2021-09-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2020-10-01 061554474 TIGER WOODS CHARITY EVENT CORPORATION TIGE 9497253003 15440 LAGUNA CANYON ROAD NO 230 IRVINE CA 92618 GORDON MCNEILL PRES/SEC/CEO 9497253003 2022-08-15 1 GORDON MCNEILL XXX-XX-XXXX CAREY MCKEE P01281067 2139724000 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X TGR LIVE GORDON MCNEILL 15440 LAGUNA CANYON ROAD NO 230 IRVINE CA 92618 23462341 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. 2 1 25 532 0 0 2051465 1853174 39827048 21244153 64574 41240 757648 89215 42700735 23227782 4635000 2057500 0 0 3322279 2718892 0 0 546550 34724684 18451015 42681963 23227407 18772 375 13263042 9536474 12375351 8648408 887691 888066 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 1 22210516 2057500 21244153 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 3 CHARITABLE EVENTS DURING THE YEAR OF 10/01/2020 THROUGH 9/30/2021. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O. 22210516 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 43 1 1 25 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 2 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 7149954833 10833 VALLEY VIEW STREET SUITE 470 CYPRESS CA 90630 GORDON MCNEILL PRESIDENT/SEC/CEO (AS OF 9/1/20) 32.50 32.50 X X 83033 83333 11589 CHRIS HUBMAN DIRECTOR 1.00 1.00 X 0 0 0 JIN C THATCHER TREASURER 1.00 49.00 X 0 256402 37571 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 45.00 0.00 X 257601 0 19644 MICHAEL ANTOLINI VP CHAMPIONSHIPS 45.00 0.00 X 230159 0 24752 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 45.00 0.00 X 164527 0 50819 DAVID S KLEWAN GENERAL MGR/GENESIS 45.00 0.00 X 214100 0 35189 DANIEL SCALI SR DIRECTOR, MARKETING & COMM 40.00 0.00 X 127000 0 24239 RICHARD A SINGER PRIOR PRESIDENT /SEC /CEO 0.00 0.00 X 538873 102810 46945 1615293 442545 250748 12 1 1 0 PARTYTIME-HDO OPERATIONS LLC DEPT 215 PO BOX 4458 HOUSTON TX 772104458 EVENT RENTALS 857809 RICHARD SINGER 7812 LINDSAY HILL TERRACE POTOMAC MD 20854 CONSULTING 187460 GOVISION LLC 8291 GATEWAY DRIVE ARGYLE TX 76226 EVENT RENTALS 131485 EXECUTIVE EVENT SERVICES LLC 22600 SAVI RANCH PKWY YORBA LINDA CA 92887 SECURITY MANAGEMENT 110974 4 429116 459165 964893 85000 1853174 PROGRAM SERVICES 900099 21244153 21244153 21244153 40090 40090 133406 132256 1150 1150 1150 170071 429116 102303 67768 67768 REFUNDS AND REBATES 900099 16950 16950 MERCHANDISE SALES 900099 3290 3290 MISC INCOME 900099 1207 1207 21447 23227782 21244153 0 130455 2057500 2057500 250000 150000 62500 37500 1889308 1472841 104734 311733 80957 61414 6331 13212 337116 255737 26362 55017 161511 122522 12630 26359 6690 6690 158212 32853 120226 5133 445700 340620 34040 71040 6623504 6623504 169922 109110 60207 605 555 555 177671 130416 21531 25724 56583 56435 48 100 28779 7418 21234 127 87783 87783 TOURNAMENT COSTS 10695616 10695118 498 0 23227407 22210516 470341 546550 2310 1251 3786093 6044044 577471 350326 0 0 0 0 0 0 0 0 20623 18573 7738214 1642541 0 0 0 0 0 0 0 0 0 0 0 0 1138331 1479739 13263042 9536474 317615 692099 0 0 11598571 7956309 0 0 0 0 0 0 0 0 459165 0 0 0 12375351 8648408 X 887691 888066 0 0 887691 888066 13263042 9536474 375 0 X X 0 1 X 1 0 X X 1 TIGER WOODS FOUNDATION INC 200677815 2 1 2057500 0 1 2057500 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 DUE FROM RELATED ORGANIZATION 1479739 1479739 23227782 78000 78000 23149782 78000 78000 23227782 23227407 0 23227407 0 23227407 PART XI, LINE 4B - OTHER ADJUSTMENTS: DONATED USE OF FACILITIES IN FUNDRAISING EVENTS X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 25200 5544 19656 25200 5544 19656 NEXUS CUP 490000 332000 158000 80102 ONLINE AUCTIONS 109187 97116 12071 22201 599187 429116 170071 102303 102303 67768 1 TIGER WOODS FOUNDATION 1 TIGER WOODS WAY ANAHEIM CA 92801 200677815 501(C)(3) 2057500 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 RICHARD A SINGER PRIOR PRESIDENT /SEC /CEO 260856 102810 50000 0 228017 0 9618 0 37327 0 585818 102810 0 0 JIN C THATCHER TREASURER 0 220402 0 36000 0 0 0 8866 0 28705 0 293973 0 0 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 221601 0 36000 0 0 0 8866 0 10778 0 277245 0 0 0 MICHAEL ANTOLINI VP CHAMPIONSHIPS 194659 0 35500 0 0 0 7811 0 16941 0 254911 0 0 0 DAVID S KLEWAN GENERAL MGR/GENESIS 190100 0 24000 0 0 0 7652 0 27537 0 249289 0 0 0 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 138155 0 26372 0 0 0 5576 0 45243 0 215346 0 0 0 GORDON MCNEILL PRESIDENT/SEC/CEO (AS OF 9/1/20) 83033 83333 0 0 0 0 833 833 9923 0 93789 84166 0 0 DANIEL SCALI SR DIRECTOR, MARKETING & COMM 113600 0 13400 0 0 0 4592 0 19647 0 151239 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 $22,172 AND ARE INCLUDED IN COLUMN (B)(II) IN PART II. COMPENSATION FROM RELATED ORGANIZATIONS: THE PRESIDENT, SECRETARY AND CEO, GORDON MCNEILL WAS COMPENSATED THROUGH TIGER WOODS CHARITY EVENT CORPORATION AND 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 SPORTING EVENT TICKETS 1 80000 RETAIL VALUE X SPORTS EQUIPMENT 1 5000 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 3 DUE TO THE COVID-19 PANDEMIC, THREE OF THE FIVE REGULARLY SCHEDULED EVENTS, TIGER WOODS INVITATIONAL 2020, HERO WORLD CHALLENGE 2020, AND TIGER JAM 2021, WERE CANCELLED. FORM 990, PART III, LINE 4A CONTINUED PROGRAM SERVICE ACCOMPLISHMENTS TIGER WOODS INVITATIONAL OCTOBER 2020 DUE TO COVID-19 RESTRICTIONS, THE TIGER WOODS INVITATIONAL WAS NOT HELD IN 2020. HERO WORLD CHALLENGE 2020 DUE TO COVID-19 RESTRICTIONS IN THE BAHAMAS, THE 2020 HERO WORLD CHALLENGE WAS NOT HELD. IT WAS THE FIRST TIME SINCE THE TOURNAMENT'S INCEPTION IN 1999 THAT THE EVENT WAS NOT CONTESTED. GENESIS INVITATIONAL 2021 HELD FEBRUARY 15-21, 2021, AT THE RIVIERA COUNTRY CLUB, THE GENESIS INVITATIONAL WAS PLAYED WITHOUT SPECTATORS FOR THE FIRST TIME IN ITS HISTORY. DUE TO LOCAL COVID-19 RESTRICTIONS, PROFESSIONAL PGA TOUR COMPETITION WAS HELD BUT GATES WERE CLOSED TO THE PUBLIC AS THE TOURNAMENT WAS BROADCAST ON GOLF CHANNEL AND CBS. SOUTHERN CALIFORNIA NATIVE MAX HOMA AND PGA TOUR STAR TONY FINAU FINISHED THE TOURNAMENT TIED ATOP THE LEADERBOARD AND HEADED TO A PLAYOFF. AFTER BOTH MEN MADE PAR ON THE FIRST PLAYOFF HOLE, HOMA EARNED HIS SECOND PGA TOUR VICTORY ON THE SECOND PLAYOFF HOLE. HOMA GREW UP ATTENDING THE TOURNAMENT AT RIVIERA AND CALLED THE WIN A HIGHLIGHT OF HIS PROFESSIONAL CAREER. PRO-AMS DURING THE EARLY PART OF THE WEEK, AN ONLINE AUCTION, AND SUPPORT OF EVENT PARTNERS HELPED RAISE FUNDS FOR TGR FOUNDATION. TIGER JAM 2021 THE LONGEST STANDING EVENT RUN BY TGR LIVE, TIGER JAM WAS NOT HELD IN 2021 DUE TO THE COVID-19 PANDEMIC. NEXUS CUP 2021 NEXUS CUP RETURNED TO LIBERTY NATIONAL GOLF CLUB AND NEXUS CLUB NEW YORK SEPTEMBER 13-14, 2021. FEATURING TWO DAYS OF TEAM GOLF COMPETITION AND A CURATED EVENING EVENT AT NEXUS CLUB, GUESTS ENJOYED THEMSELVES WHILE RAISING FUNDS FOR TGR FOUNDATION. PGA TOUR PROFESSIONALS COLLIN MORIKAWA, TONY FINAU, GARY WOODLAND AND HENRIK STENSON HELPED EACH TEAM ON THE GOLF COURSE BY HITTING TEE SHOTS ON DIFFICULT PAR-3 HOLES. ALL FOUR RECENT PGA TOUR CHAMPIONS WERE JOINED BY FORMER NFL ALL-PRO MICHAEL STRAHAN DURING THE DINNER AT NEXUS CLUB NEW YORK WHERE THEY ENTERTAINED GUESTS WITH AN INSIDE LOOK AT BEING A PROFESSIONAL ATHLETE. 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 2057500 CASH PAID