2022-11-15T09:08:04-06:00 2021-12-31 366055558 GRANT THORNTON LLP 200 S ORANGE AVE STE 2050 ORLANDO FL 32801 990 2021-01-01 593085528 THE LPGA FOUNDATION LPGA 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 KATHRYN H MILTHORPE TREASURER 3862746200 2022-11-15 1 KATHRYN MILTHORPE 999009999 SCOTT THOMPSETT P00741490 4074815100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NANCY HENDERSON 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 9030546 0 X WWW.LPGA.COM/LPGA-FOUNDATION X 1991 FL TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 14 10 0 1500 0 0 1718730 2202191 929422 6593160 117489 216946 0 -86000 2765641 8926297 303701 624475 0 0 543602 589397 0 0 79752 1875639 7890831 2722942 9104703 42699 -178406 8215855 9352661 532283 1042031 7683572 8310630 X TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 0 0 1436131 330388 0 DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION. 6586998 0 6593160 THE LPGA FOUNDATION IS INVOLVED IN CONDUCTING A TOURNAMENT ON THE LPGA TOURNAMENT SCHEDULE. THE GOLF TOURNAMENT IS OPERATED BY THE FOUNDATION AND FUNDED BY THE REVENUES RAISED THROUGH SPONSORSHIPS, PRO-AM EVENTS, HOSPITALITY, ADMISSION AND OTHER REVENUES. 544492 289087 0 DEVELOP AND MAINTAIN A SCHOLARSHIP PROGRAM WHICH PROVIDES ACADEMIC SCHOLARSHIPS FOR JUNIOR GOLFERS. 5000 5000 0 DEVELOP AND MAINTAIN A FINANCIAL ASSISTANCE FUND FOR LPGA MEMBERS AND OTHER PERSONS IN THE GOLF INDUSTRY WHO MAY BE IN NEED OF FINANCIAL ASSISTANCE AS A RESULT OF A SERIOUS ILLNESS, INJURY, OR OTHER HARDSHIP. TOTAL EXPENSES WERE $5,000. 5000 5000 0 8572621 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 74 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL X KATHRYN H MILTHORPE 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 X MICHAEL WHAN COMMISSIONER (THRU 06/2021) 5.00 36.00 X 0 451154 17267 MOLLIE MARCOUX SAMAAN COMMISSIONER (AS OF 08/2021) 5.00 36.00 X 0 307692 6823 NANCY HENDERSON PRESIDENT 20.00 20.00 X X 0 267500 22683 VICKI GOETZE-ACKERMAN TRUSTEE 1.00 30.00 X 0 76485 21241 MARVOL BARNARD TRUSTEE 1.00 2.00 X 0 32000 0 CHRISTINA ZACAMY CHAIR 1.00 0.00 X X 0 0 0 RON CIESLA TRUSTEE 1.00 0.00 X 0 0 0 ERIN HAMRICK TRUSTEE 1.00 0.00 X 0 0 0 SCOTT MCMILLEN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN PIKITCH TRUSTEE 1.00 0.00 X 0 0 0 SHARON RITCHEY TRUSTEE 1.00 0.00 X 0 0 0 SUSAN STINSON TRUSTEE 1.00 0.00 X 0 0 0 ALLAN TANENBAUM TRUSTEE 1.00 0.00 X 0 0 0 SUE TOWSEN TRUSTEE 1.00 0.00 X 0 0 0 HILARY TUOHY TRUSTEE 1.00 0.00 X 0 0 0 MARIAN MOORE SECRETARY 10.00 32.00 X 0 336800 22069 KATHRYN MILTHORPE TREASURER 10.00 32.00 X 0 294655 28582 0 1766286 118665 0 0 1 0 0 278666 848456 1075069 2202191 LPGA FOUNDERS TOURN. 900099 6593160 6593160 6593160 216946 216946 18249 278666 104249 -86000 -86000 8926297 6593160 0 130946 549038 549038 75437 75437 486747 389398 73012 24337 13684 10947 2053 684 55373 44298 8306 2769 33593 26874 5039 1680 16921 16921 41714 41714 24425 24425 734066 550550 146813 36703 68419 51314 13684 3421 26875 20156 5375 1344 66615 49961 13323 3331 109668 49351 54834 5483 3027 3027 5513 5513 TOURNAMENT EXPENSE 6586997 6586997 OUTREACH PROGRAMS 206591 165273 41318 9104703 8572621 452330 79752 724590 840529 992469 967677 40051 65687 103742 98769 8000 4973 6450745 7473795 8215855 9352661 301705 989671 230578 52360 532283 1042031 X 2489960 2504321 5193612 5806309 7683572 8310630 8215855 9352661 -178406 805464 0 X 0 1 X 1 0 X 1832277 3841063 1857860 1718730 2202191 11452121 1832277 3841063 1857860 1718730 2202191 11452121 4523757 6928364 89058 107584 138718 117489 216946 669795 18249 18249 12140165 18306269 0.57070 0.61780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUE - 2021 AMOUNT: $ 18,249. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103742 98769 4973 4973 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA INCOME TAX CODE. THE FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. CLEARVIEW BENEFIT 296915 278666 18249 16685 4837 82727 296915 278666 18249 16685 4837 82727 104249 -86000 1 CLEARVIEW LEGACY FOUNDATION PO BOX 30196 CANTON OH 44730 205710365 501(C)(3) 192500 0 SCHOLARSHIP PEGGY KIRK BELL GIRLS GOLF TOUR 5834 BUR-MIL CLUB RD GREENSBORO NC 27410 311713878 501(C)(3) 30000 0 GIRLS GOLF SUPPORT A PERFECT SWING FOUNDATION PO BOX 38091 CHARLOTTE NC 28278 471925614 501(C)(3) 11500 0 GIRLS GOLF SUPPORT SCGA FOUNDATION 3740 CAHUENGA BLVD STUDIO CITY CA 91604 953858373 501(C)(3) 10400 0 GIRLS GOLF SUPPORT THE FIRST TEE OF DELAWARE URBAN YOUTH GOLF PROG PO BOX 419 ROCKLAND DE 19732 331103722 501(C)(3) 10000 0 SCHOLARSHIP THE FIRST TEE OF NORTH FLORIDA 475 WEST TOWN PLACE SAINT AUGUSTINE FL 32092 593577327 501(C)(3) 10000 0 SCHOLARSHIP WOMEN IN GOLF FOUNDATION INC PO BOX 16834 ATLANTA GA 30321 582527454 501(C)(3) 10000 0 GIRLS GOLF SUPPORT FIRST TEE CENTRAL FLORIDA INC 1810 LEE ROAD ORLANDO FL 32810 270149539 501(C)(3) 7500 0 GIRLS GOLF SUPPORT FIRST TEE OF NORTHEAST WISCONSIN 112 N ADAMS STREET GREEN BAY WI 54301 205710365 501(C)(3) 7500 0 GIRLS GOLF SUPPORT JUNIOR GOLF ASSOC OF ARIZONA 10888 NORTH 19TH AVENUE PHOENIX AZ 85029 860464216 501(C)(3) 7500 0 GIRLS GOLF SUPPORT TRIANGLE YOUTH GOLF FOUNDATION 3737 GLENWOOD AVE RALEIGH NC 27612 562266025 501(C)(3) 7500 0 GIRLS GOLF SUPPORT GREATER PENSACOLA JR GOLF ASSOCIATION 3924 WEST NAVY BLVD PENSACOLA FL 32507 593288799 501(C)(3) 6500 0 GIRLS GOLF SUPPORT BELOIT CLUB LLC ONE ABC PARKWAY BELOIT WI 53511 262921227 N/A 6250 0 GIRLS GOLF SUPPORT FIRST TEE OF SIOUXLAND PO BOX 1234 SIOUX CITY IN 51102 465439327 501(C)(3) 6000 0 GIRLS GOLF SUPPORT FUTURE CITIZENS FOUNDATION 915 SOUTH MAIN STREET SALINAS CA 93901 260015069 501(C)(3) 5625 0 GIRLS GOLF SUPPORT THE FIRST TEE OF BALTIMORE INC 303 INTERNATIONAL CIRCLE HUNT VALLEY MD 21030 522260023 501(C)(3) 5625 0 GIRLS GOLF SUPPORT GREATER CLEVELAND JUNIOR GOLF SCHOLARSHIP FUND PO BOX 18945 CLEVELAND OH 44118 341759359 501(C)(3) 5325 0 GIRLS GOLF SUPPORT NATIONAL ALLIANCE FOR ACCESSIBLE GOLF 2061 NW 21ST TERRACE 103 STUART FL 34994 300130896 501(C)(3) 5100 0 GIRLS GOLF SUPPORT 17 1 FINANCIAL ASSISTANCE 1 5000 0 SCHOLARSHIPS 12 22750 0 GRANTS FOR GIRLS GOLF PROGRAMS 22 47687 0 PART I, LINE 2: THE LPGA FOUNDATION MONITORS THE USE OF FUNDS GRANTED TO RECIPIENTS OF THE JUNIOR GOLF GRANTS BY REQUIRING AN APPLICATION FOR FUNDS AND A FINAL REPORT OF HOW FUNDS WERE SPENT. THE LPGA FOUNDATION MONITORS THE USE OF FUNDS GRANTED TO RECIPIENTS OF THE FINANCIAL ASSISTANCE FUND BY REQUESTING RECEIPTS BE PROVIDED TO THE LPGA FOUNDATION FROM GRANTEES. FOR THE LPGA FOUNDATION SCHOLARSHIP PROGRAM, THE MAJORITY OF FUNDS ARE SENT DIRECTLY TO THE UNIVERSITY FOR THE BENEFIT OF THE GRANTEES. THERE WERE SOME SMALLER GRANTS THAT WERE NOT MONITORED DUE TO COST EFFECTIVENESS AND MATERIALITY. 0 0 0 0 0 0 0 0 0 MICHAEL WHAN COMMISSIONER (THRU 06/2021) 0 451154 0 0 0 0 0 8058 0 9209 0 468421 0 0 MARIAN MOORE SECRETARY 0 324800 0 12000 0 0 0 8700 0 13369 0 358869 0 0 KATHRYN MILTHORPE TREASURER 0 282655 0 12000 0 0 0 8223 0 20359 0 323237 0 0 MOLLIE MARCOUX SAMAAN COMMISSIONER (AS OF 08/2021) 0 307692 0 0 0 0 0 0 0 6823 0 314515 0 0 NANCY HENDERSON PRESIDENT 0 257500 0 10000 0 0 0 8025 0 14658 0 290183 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE SOLE MEMBER OF THE LPGA FOUNDATION IS THE LADIES PROFESSIONAL GOLF ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT THE FOUNDATION'S BYLAWS RESERVE TO THE SOLE CORPORATE MEMBER, THE LADIES PROFESSIONAL GOLF ASSOCIATION, THE POWER TO ELECT ONE OR MORE MEMBERS OF THE FOUNDATION'S GOVERNING BODY. ANY DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE MEMBER. THE GOVERNANCE COMMITTEE MAY NOMINATE AT-LARGE DIRECTORS FOR APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL APPROVE AND RECOMMEND AT-LARGE DIRECTORS FOR ELECTION BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL THE FOUNDATION'S BYLAWS RESERVE TO THE SOLE CORPORATE MEMBER, THE LADIES PROFESSIONAL GOLF ASSOCIATION, THE POWER TO AMEND, REPEAL OR RESTATE THE FOUNDATION'S ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT AND THEN SHARED WITH THE FULL BOARD OF DIRECTORS PRIOR TO THE RETURN'S FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST REPORTING FORM ON AN ANNUAL BASIS ON WHICH TO REPORT AND DISCLOSE ANY REAL OR POTENTIAL CONFLICT OF INTEREST OR ETHICAL ISSUE TO THE FOUNDATION. THE OBLIGATION TO REPORT SUCH CONFLICTS OR ISSUES IS ONGOING; THEREFORE, BOARD MEMBERS ARE REQUIRED TO REPORT ANY CHANGE IN CIRCUMSTANCES WHENEVER THEY OCCUR DURING ANY CALENDAR YEAR. EACH CONFLICT OF INTEREST REPORTING FORM SHALL BE SUBMITTED CONFIDENTIALLY FOR REVIEW TO THE PRESIDENT AND SECRETARY, WHO ARE EMPOWERED TO RESOLVE ANY CONFLICT OF INTEREST OR ETHICAL ISSUE THAT MAY COMPROMISE A BOARD MEMBER'S ABILITY TO FULFILL HER OR HIS FIDUCIARY OBLIGATIONS TO THE FOUNDATION. IN THE EVENT THAT A CONFLICT OF INTEREST OR ETHICAL ISSUE CANNOT BE SATISFACTORILY RESOLVED BY THE PRESIDENT AND SECRETARY, THE MATTER SHALL BE REFERRED TO THE FOUNDATION GOVERNANCE COMMITTEE WHICH SHALL SEEK TO RESOLVE THE MATTER. ANY MATTER THAT CANNOT BE RESOLVED BY THE ABOVE PROCEDURES SHALL BE REPORTED TO THE BOARD OF DIRECTORS FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMMISSIONER OF LADIES PROFESSIONAL GOLF ASSOCIATION, A RELATED ORGANIZATION, IS CHARGED WITH RECOMMENDING THE APPOINTMENT OF OFFICERS AND KEY EMPLOYEES, CONDUCTING THEIR PERFORMANCE REVIEWS AS WELL AS DETERMINING THEIR COMPENSATION. THIS RECOMMENDATION IS BASED ON THE FOLLOWING METHODS: COMPARABLE INDUSTRY KNOWLEDGE AND MARKET SURVEYS. THE BOARD OF DIRECTORS OF LADIES PROFESSIONAL GOLF ASSOCIATION REVIEWS COMPENSATION DURING THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 18 SECTION 6104 REQUIREMENT THE FOUNDATION MAKES ITS FORM 990 AVAILABLE AT ITS MAIN PLACE OF BUSINESS AND ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE FOUNDATION'S FORM 1023 IS, LIKEWISE, AVAILABLE AT THE FOUNDATION'S MAIN PLACE OF BUSINESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE TO THE PUBLIC AT MANAGEMENT'S DISCRETION. FORM 990, PART VII, COLUMN E NANCY HENDERSON IS AN EMPLOYEE OF A RELATED ORGANIZATION, LADIES PROFESSIONAL GOLF ASSOCIATION, AND RECEIVES HER FORM W-2 FROM THAT ORGANIZATION. MS. HENDERSON PROVIDES SERVICES BOTH TO THE LPGA AND THE LPGA FOUNDATION. IN THE INTEREST OF CLARITY, THE LPGA FOUNDATION IS REPORTING THAT 50% OF MS. HENDERSON'S COMPENSATION IS ATTRIBUTABLE TO SERVICES RENDERED TO THE LPGA FOUNDATION. LPGA FOUNDATION TOURNAMENT PROPERTIES 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 274445389 GOLF EVENT FL 6593160 808688 LPGA FOUNDATION LADIES PROFESSIONAL GOLF ASSOC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 750055465 WOMENS GOLF FL 501(C)(6) N/A N/A 0 EXECUTIVE WOMENS GOLF ASSOC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 593348753 WOMENS GOLF FL 501(C)(6) N/A LPGA FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 LADIES PROFESSIONAL GOLF ASSOCIATION C 948456 CASH LADIES PROFESSIONAL GOLF ASSOCIATION S 604456 DUE TO ENTITY LADIES PROFESSIONAL GOLF ASSOCIATION O 1516416 REIMBURSEMENT LADIES PROFESSIONAL GOLF ASSOCIATION P 3504799 REIMBURSEMENT EXECUTIVE WOMENS GOLF ASSOCIATION Q 184439 DUE FROM ENTITY