WOMENS WORLD GOLF RANKINGS INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WOMENS WORLD GOLF RANKINGS INC (EIN 46-1415224)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-11
IRS object ID
202213159349307661
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-11T18:15:04-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN366055558PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 S ORANGE AVE STE 2050AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32801ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461415224EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WOMEN'S WORLD GOLF RANKINGS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWOMEBusinessNameControlTxt
Phone3862746200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 INTERNATIONAL GOLF DRIVEAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP321241092ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHRYN H MILTHROPEPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3862746200PhoneNum
Signature2022-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKATHRYNPersonFirstNm
Person LastMILTHROPEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT THOMPSETTPreparerPersonNm
PTINP00741490PTIN
Phone4074815100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATHRYN H MILTHROPEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 INTERNATIONAL GOLF DRIVEAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP321241092ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$250,900GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO PROMOTE THE ADVANCEMENT OF WOMEN'S GOLF ON A GLOBAL BASIS.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,000PYContributionsGrantsAmt
CY Contributions Grants$900CYContributionsGrantsAmt
PY Program Service Revenue$250,000PYProgramServiceRevenueAmt
CY Program Service Revenue$250,000CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$251,000PYTotalRevenueAmt
CY Total Revenue$250,900CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$78,750PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$82,688CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$113,346PYOtherExpensesAmt
CY Other Expenses$118,826CYOtherExpensesAmt
PY Total Expenses$192,096PYTotalExpensesAmt
CY Total Expenses$201,514CYTotalExpensesAmt
PY Revenues Less Expenses$58,904PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$49,386CYRevenuesLessExpensesAmt
Total Assets BOY$369,827TotalAssetsBOYAmt
Total Assets EOY$533,158TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$113,945TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$369,827NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$419,213NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE WOMEN'S WORLD GOLF RANKINGS IS ORGANIZED TO DEVELOP AND OVERSEE THE DIRECTION AND OPERATION OF A RANKINGS SYSTEM THAT WILL ESTABLISH A MEANS BY WHICH THE WORLD'S BEST FEMALE GOLFERS WILL BE IDENTIFIED AND RANKED BASED ON THEIR PERFORMANCE ON THE VARIOUS INTERNATIONAL TOURS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTHE WOMEN'S WORLD GOLF RANKINGS SEEKS TO DEVELOP MEMBER INITIATIVES AND OBJECTIVES RELATED TO THE DEVELOPMENT AND ADVANCEMENT OF WOMEN'S GOLF AS A GLOBAL SPORT.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHRYN H MILTHROPEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3862746200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 INTERNATIONAL GOLF DRIVEAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP321241092ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
HEATHER DALY-DONOFRIO
EXE. DIR./CHAIRMAN-NON-VOTING5.000.00Yes (X)$0$0$0
ALEX ARMAS
DIRECTOR2.000.00$0$0$0Yes (X)
SAMANTHA BURTON
DIRECTOR2.000.00$0$0$0Yes (X)
JEFF HALL
DIRECTOR2.000.00$0$0$0Yes (X)
HYUNG-MO KANG
DIRECTOR (AS OF 01/21)2.000.00$0$0$0Yes (X)
ERIC KIM
DIRECTOR2.000.00$0$0$0Yes (X)
HIROMI KOBAYASHI
DIRECTOR2.000.00$0$0$0Yes (X)
MOLLIE MARCOUX-SAMAAN
DIRECTOR (AS OF 08/21)2.000.00$0$0$0Yes (X)
TK PEN
DIRECTOR2.000.00$0$0$0Yes (X)
BOB RODGERS
DIRECTOR2.000.00$0$0$0Yes (X)
DOMINIC WALL
DIRECTOR2.000.00$0$0$0Yes (X)
MICHAEL WHAN
DIRECTOR (THRU 06/21)2.000.00$0$0$0Yes (X)
KATHRYN MILTHORPE
TREASURER1.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$900MembershipDuesAmt
Total Contributions$900TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSPONSORSHIP REVENUEDesc
Business711113BusinessCd
Total Revenue Column$250,000TotalRevenueColumnAmt
Related Or Exempt Func Income$250,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$250,000TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$250,900TotalRevenueColumnAmt
Related Or Exempt Func Income$250,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$82,688TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$317TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,498TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
SPONSORSHIP EXPENSE$109,900
BANK FEES$111

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$201,514TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$369,727BOYAmt
EOY$533,158EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$100BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$369,827BOYAmt
EOY$533,158EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$113,945EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$113,945EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$369,827BOYAmt
EOY$419,213EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$369,827BOYAmt
EOY$419,213EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$369,827BOYAmt
EOY$533,158EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$49,386ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESWOMENS GOLF DEVELOPMENT$75,900
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICESWOMENS GOLF DEVELOPMENT$29,000
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$104,900SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$104,900TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III ACCOUNTING METHOD:FormAndLineReferenceDesc

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1R2 INNOVATIVE TECHNOLOGIES LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionENTITY OWNED MORE THAN 35% BY DIRECTOR, BOB RODGERSRelationshipDescriptionTxt
Transaction$82,688TransactionAmt
TransactionPAYMENT FOR INFORMATION TECHNOLOGY SERVICESTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, LINE 1FormAndLineReferenceDesc
ExplanationDESCRIPTION OF TRANSACTIONSBOB RODGERS SERVES ON THE BOARD OF DIRECTORS AND IS PRESIDENT OF R2 INNOVATIVE TECHNOLOGIES. R2 INNOVATIVE TECHNOLOGIES PROVIDES INFORMATION TECHNOLOGY SERVICES TO WOMEN'S WORLD GOLF RANKINGS, INC.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION:TO PROMOTE THE DEVELOPMENT AND ADVANCEMENT OF WOMEN'S GOLF ON A GLOBAL BASIS; TO DEVELOP MEMBER INITIATIVES AND ENDEAVORS SURROUNDING WOMEN'S GOLF AS A GLOBAL SPORT; AND TO GUIDE THE DIRECTION, OPERATION, AND ON-GOING DEVELOPMENT OF A RANKINGS SYSTEM TO ESTABLISH A REPUTABLE ORDER OF THE WORLD'S BEST FEMALE GOLFERS.
FORM 990, PART VI, SECTION A, LINE 6THE FOUNDING MEMBERS OF WOMEN'S WORLD GOLF RANKINGS, INC. CONSIST OF AUSTRALIAN LADIES PROFESSIONAL GOLF, JAPAN LADIES PROFESSIONAL GOLF ASSOCIATION, KOREAN LADIES PROFESSIONAL GOLF ASSOCIATION, LADIES GOLF UNION, LADIES EUROPEAN TOUR, LADIES PROFESSIONAL GOLF ASSOCIATION, AND UNITED STATES GOLF ASSOCIATION. MEMBERSHIP IS OPEN TO ENTITIES THAT MEET AND MAINTAIN ELIGIBILITY GUIDELINES, INCLUDING WOMEN'S GOLF ASSOCIATIONS THAT MAINTAIN A PROFESSIONAL WOMEN'S GOLF TOUR IN ACCORDANCE WITH ELIGIBILITY GUIDELINES ESTABLISHED BY THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7ATHE WOMEN'S WORLD GOLF RANKINGS, INC. BYLAWS GRANT AUTHORITY TO THE MEMBERS TO APPOINT REPRESENTATIVES TO THE BOARD OF DIRECTORS. IN ADDITION TO THE EXECUTIVE DIRECTOR, THE BOARD CONSISTS OF TOUR REPRESENTATIVE DIRECTORS FROM EACH OF THE LADIES PROFESSIONAL GOLF ASSOCIATION, JAPAN LADIES PROFESSIONAL GOLF ASSOCIATION, KOREAN LADIES PROFESSIONAL GOLF ASSOCIATION, LADIES EUROPEAN TOUR AND ONE REPRESENTATIVE FROM ANOTHER TOUR ASSOCIATION. THERE ARE ALSO FIVE INDEPENDENT DIRECTORS COMPRISED OF ONE REPRESENTATIVE FROM EACH OF THE UNITED STATES GOLF ASSOCIATION, LADIES GOLF UNION, EITHER THE JAPAN GOLF ASSOCIATION OR THE KOREAN GOLF ASSOCIATION, ONE REPRESENTATIVE SELECTED FROM THE OFFICIAL INFORMATION TECHNOLOGY PROVIDER OF THE CORPORATION'S RANKING SYSTEM OF RECORD, AND THE ROYAL AND ANCIENT GOLF CLUB.
FORM 990, PART VI, SECTION A, LINE 7BALL MEMBERS HAVE EQUAL VOTING RIGHTS, AND ARE SUBJECT TO THE SAME RIGHTS AND OBLIGATIONS, INCLUDING THE RIGHT TO APPROVE CERTAIN SIGNIFICANT TRANSACTIONS PROPOSED BY THE BOARD OF DIRECTORS AS SET FORTH IN THE BY-LAWS, PROVIDED THAT, SELECT ORIGINAL MEMBERS ARE DESIGNATED FOUNDING MEMBERS AND MAY NOT BE TERMINATED FROM MEMBERSHIP. THE BOARD IS COMPRISED OF DESIGNATED MEMBER REPRESENTATIVES AS DESCRIBED IN QUESTION 7A ABOVE, AND IS SELF-PERPETUATING. ANY FOUNDING MEMBER MAY REMOVE ITS DESIGNATED REPRESENTATIVE ON THE BOARD UPON WRITTEN NOTICE TO THE BOARD OR THE EXECUTIVE DIRECTOR. NO MEMBER HAS A SPECIFIC RIGHT TO RECEIVE ANY PORTION OF PROFITS, EXCESS DUES OR NET ASSETS UPON LIQUIDATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE WOMEN'S WORLD GOLF RANKINGS' MANAGEMENT.
FORM 990, PART VI, SECTION C, LINE 19WOMEN'S WORLD GOLF RANKINGS MAKES ITS FORM 1023, 990 AND 990-T AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. NO GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.