2021-08-16T19:25:28-05:00 2020-09-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2019-10-01 061554474 Tiger Woods Charity Event Corporation % HOOD & BURCH TIGE 9497253003 121 Innovation Drive Suite 150 Irvine CA 92617 GORDON MCNEILL PRESIDENT/CEO/SEC 9497253003 2021-08-16 true CAREY MCKEE P01281067 2139724000 2021-08-16 2019 2022-09-23 18:48:47Z TGR LIVE GORDON MCNEILL 121 Innovation Dr Ste 150 Irvine CA 92617 43038337 false 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 29 1093 0 0 1557672 2051465 39920202 39827048 55430 64574 1469912 757648 43003216 42700735 4239000 4635000 0 0 3300247 3322279 0 0 568556 35457302 34724684 42996549 42681963 6667 18772 18453143 13263042 17584224 12375351 868919 887691 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. false true 41460730 4635000 39827048 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 4 CHARITABLE EVENTS DURING THE YEAR. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O. 41460730 true true false false false false false false false false false false false true false false false true false false true false false true true true false true false true false false false false false false false false true true false false false true false false false true X 59 2 true 29 true false false false false false true true false false false false false false false X 2 1 false false false false false true false true false false false true true true true true true true true false CA X HOOD BURCH 9497253003 10833 VALLEY VIEW STREET STE 470 CYPRESS CA 90630 X RICK SINGER PRES/SEC/CEO (THRU 8/24/20) 40.0 25.0 X X 466000 163800 53319 JIN C THATCHER TREASURER 1.0 49.0 X 0 241764 35523 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 45.0 0.0 X 242464 0 18187 MICHAEL ANTOLINI VP CHAMPIONSHIPS 45.0 0.0 X 224362 0 23974 DAVID S KLEWAN GENERAL MGR/GENESIS OPEN 45.0 0.0 X 206458 0 33923 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 45.0 0.0 X 170710 0 50470 MATTHEW S CUSICK MGR- CORPORATE PARTNERSHIPS 40.0 0.0 X 131556 0 24504 CHRIS HUBMAN DIRECTOR 1.0 1.0 X 0 0 0 GORDON MCNEILL PRES/SEC/CEO (AS OF 8/31/20) 40.0 25.0 X X 0 0 0 1441550 405564 239900 16 false true false Partytime-HDO Operations LLC Dept 215 PO Box 4458 HOUSTON TX 772104458 EVENT RENTALS 1792448 Excel Sports Managements LLC 1700 BROADWAY 29TH FLOOR NEW YORK NY 10019 MARKETING 646250 LEVY PROM GOLF LLC 484 INWOOD AVENUE OAKDALE MN 55128 FOOD SERVICES 303334 EXECUTIVE EVENT SERVICES 22600 SAVI RANCH PKWY YORBA LINDA CA 92887 SECURITY MANAGEMENT 283000 ANGEL CITY DESIGN 9478 VARIEL AVE LOS ANGELES CA 91311 DECORATION SERVICES 198807 12 214341 1837124 252119 2051465 PROGRAM SERVICES 900099 39827048 39827048 39827048 65441 65441 0 0 0 0 0 19272 20139 -867 -867 -867 128427 214341 179521 -51094 -51094 908397 137942 770455 770455 0 0 0 REFUNDS AND REBATES 900099 38267 38267 MISC INCOME 900099 20 20 38287 42700735 39827048 0 822222 4635000 4635000 0 0 0 468596 281158 117149 70289 0 2341637 1849842 127341 364454 80734 61221 7023 12490 250548 189990 21798 38760 180764 137074 15726 27964 0 10576 10576 89853 34440 51628 3785 0 0 0 854981 814595 14537 25849 10768399 10768399 553235 325811 227222 202 638 638 0 178432 131113 22656 24663 282261 282244 6 11 0 60606 12926 47591 89 0 0 0 49455 49455 TOURNAMENT PRIZES 11100000 11100000 TOURNAMENT HOSPITALITY 4412189 4412189 TOURNAMENT OPERATIONS 4081088 4081088 OTHER EXP - TOURNAMENTS 1599299 1599299 683672 683672 42681963 41460730 652677 568556 1283 2310 9440586 3786093 862735 577471 0 0 0 0 0 0 0 0 18251 20623 8129783 7738214 0 0 0 0 0 0 0 0 0 0 505 1138331 18453143 13263042 688069 317615 569672 0 16326483 11598571 0 0 0 0 0 0 0 0 0 459165 0 0 17584224 12375351 X 868919 887691 0 0 868919 887691 18453143 13263042 18772 X false true X true false X X 1 TIGER WOODS FOUNDATION INC 200677815 2 true 4635000 0 1 4635000 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SECURITY DEPOSITS 505 DUE FROM RELATED ORGANIZATION 1137826 1138331 42735735 41480 35000 76480 42659255 41480 41480 42700735 42716963 35000 35000 42681963 0 0 42681963 REVENUE ON FINANCIALS, NOT INCLUDED ON FORM 990 PART XI, LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 35,000 REVENUE INCLUDED ON FORM 990, NOT ON AUDITED FINANCIALS PART XI, LINE 4B DONATED USE OF FACILITIES IN FUNDRAISING EVENTS $41,480 EXPENSES ON FINANCIALS NOT INCLUDED ON FORM 990 PART XII, LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 $35,000 Central America and the Caribbean 0 0 Program Services HERO WORLD CHALLENGE 12311473 Central America and the Caribbean 0 0 Fundraising N/A 137942 0 0 0 0 12449415 12449415 false false false false false false PART I, LINE 3, COLUMN F THE EXPENDITURES REPORTED IN COLUMN F ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. X true CHARITY BUZZ ONLINE AUCTION true 118140 26651 91489 118140 26651 91489 TWI AUCTION 224223 194039 30184 86368 ONLINE AUCTION 118545 20302 98243 93153 0 342768 214341 128427 179521 179521 -51094 908397 70000 59119 8823 false 908397 70000 59119 8823 137942 770455 false SEE SUPPLEMENTAL PAGE false true false 1.00000 GORDON MCNEILL 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 true 359900 59119 ALBANY RESORTS SOUTH OCEANA BLVD NEW PROVIDENCE BF GORDON MCNEILL OVERALL SUPERVISION OF GAMING OPERATIONS X false SCHEDULE G, PART III, LINE 9B EXPLANATION CHARITY POKER TOURNAMENT AND RAFFLE WERE HELD IN CONJUNCTION WITH THE HERO WORLD CHALLENGE GOLF TOURNAMENT. GAMING WAS OPERATED THROUGH AN INTERNATIONAL THIRD PARTY, ALBANY RESORTS. true Tiger Woods Foundation 121 INNOVATION DR STE 150 IRVINE CA 92617 200677815 501(C)(3) 4635000 N/A N/A YOUTH DEVELOPMENT 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 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. true false false true false false false false false RICK SINGER PRES/SEC/CEO (THRU 8/24/20) 381000 163800 85000 0 0 0 11200 0 42119 0 519319 163800 0 0 JIN C THATCHER TREASURER 0 202264 0 39500 0 0 0 8140 0 27383 0 277287 0 0 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 203964 0 38500 0 0 0 8077 0 10110 0 260651 0 0 0 MICHAEL ANTOLINI VP CHAMPIONSHIPS 190362 0 34000 0 0 0 7638 0 16336 0 248336 0 0 0 DAVID S KLEWAN GENERAL MGR/GENESIS OPEN 184458 0 22000 0 0 0 7426 0 26497 0 240381 0 0 0 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 134033 0 36677 0 0 0 5411 0 45059 0 221180 0 0 0 MATTHEW S CUSICK MGR- CORPORATE PARTNERSHIPS 74287 0 57269 0 0 0 3019 0 21485 0 156060 0 0 0 Compensation from Related Organizations THE PRESIDENT, SECRETARY AND CEO, RICK SINGER 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. FORM 990, SCHEDULE J, 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 SEVERANCE FORM 990, SCHEDULE J, PART 1, 4A RICK SINGER WAS PROVIDED A PAYMENT OF $8,787. FORM 990, SCHEDULE J, PART I, LINE 5A 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 $33,677 and are included in column (B)(ii) in Part II. The organization entered into a variable compensation arrangement with Matthew Cusick. 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 $54,269 and are included in Column (B)(II), in Part II. X 142159 RETAIL VALUE X 2 12996 RETAIL VALUE X 1 20139 AVG HIGH/LOW DONATN X 10 7451 RETAIL VALUE X SPORTS EQUIPMENT 3 65500 RETAIL VALUE X FOOD & WINE 2 1455 RETAIL VALUE X JEWELRY 1 1895 RETAIL VALUE false false false PART I, COLUMN (B) - NUMBER OF CONTRIBUTORS OR ITEMS RECEIVED THE NUMBERS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTORS RECEIVED, NOT THE NUMBER OF ITEMS. SIGNIFICANT CHANGES IN PROGRAMS CONDUCTED FORM 990, PART III, LINE 3 DUE TO THE COVID-19 PANDEMIC, TWO OF THE FIVE REGULARLY SCHEDULED EVENTS, TIGER JAM 2020 AND THE NEXUS CUP, WERE CANCELLED. IN ADDITION, A SPECIAL VIRTUAL EVENT, JAM WITH A PURPOSE, WAS HELD TO SUPPLEMENT TGR LIVE'S LOST FUNDRAISING OPPORTUNITIES FOR THE TGR FOUNDATION DUE TO COVID CHALLENGES FOR ITS IN-PERSON EVENTS. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, 4A CONTINUED TIGER WOODS INVITATIONAL 2019 DURING THE TIGER WOODS INVITATIONAL PRESENTED BY USLI, HELD ON THE MONTEREY PENINSULA OCTOBER 14-16, 2019, GUESTS ENJOYED THREE DAYS OF GOLF ON CHAMPIONSHIP LEVEL GOLF COURSES. GUEST WERE TREATED TO THE SAME PIN PLACEMENTS AS THE FINAL ROUND OF THE 2019 U.S. OPEN AT PEBBLE BEACH GOLF LINKS. WHILE AT THE EVENT,FOUR EARL WOODS SCHOLARS JOINED TIGER TO PUT THEIR KNOWLEDGE OF GOLF AND COLLEGE LIFE TO THE TEST WITH A CHALLENGING GAME OF "HEADS UP!" HERO WORLD CHALLENGE 2019 THE 2019 HERO WORLD CHALLENGE, HELD AT ALBANY IN THE BAHAMAS, DECEMBER 1-7, 2019, FEATURED THE HERO SHOT AT BAHA MAR ON MONDAY OF THE EVENT WEEK. TIGER WOODS WON THE INAUGURAL HERO SHOT DEFEATING JORDON SPIeTH IN THE FINAL ROUND AND BESTING A FIELD OF SIX TOTAL PGA TOUR PROFESSIONALS. THE TOURNAMENT WAS PLAYED WEDNESDAY TO SATURDAY to accomodate players travel to the presidents cup in australia. after a few runner-up finishes at albany, henrik stenson of sweden used an eagle on the 15th hole during the final round to secure his first hero world challenge victory. GENESIS INVITATIONAL 2020 IN THE TOURNAMENT'S FIRST YEAR AS AN INVITATIONAL, ADAM SCOTT WOULD SOLIDIFY HIS STANDING AMONG THE WORLD'S BEST GOLFERS TO WIN AT RIVIERA. AFTER A RAIN-SHORTENED TOURNAMENT IN 2005, SCOTT OFFICIALLY WON AT RIVIERA FOR THE FIRST TIME AS HE DEFEATED A FIELD OF 120 PROFESSIONALS TO WIN THE FIRST GENESIS INVITATIONAL. THE WEEK AT THE RIVIERA STARTED WITH THE CELEBRITY CUP POWERED BY CDW, SEEING TEAM TIGER DEFEAT TEAM WATSON. IT WAS THE SECOND CONSECUTIVE CELEBRITY CUP VICTORY FOR THE TEAM CAPTAINED BY TIGER WOODS. BOTH EVENTS PROVIDED SIGNIFICANT COVERAGE AND FUNDS FOR TGR FOUNDATION. TIGER JAM 2020 THE LONGEST STANDING EVENT RUN BY TGR LIVE, TIGER JAM WAS SCHEDULED TO BE HELD IN THE SPRING OF 2020. THE LAS VEGAS EVENT WAS POSTPONED DUE TO THE COVID-19 PANDEMIC. NEXUS CUP SCHEDULED FOR SEPTEMBER 2020, THE NEXUS CUP WAS POSTPONED DUE TO COVID-19. JAM WITH A PURPOSE 2020 THE FIRST EVER FULLY VIRTUAL EVENT, TGR EXP: JAM WITH A PURPOSE WAS HELD ON SEPTEMBER 24,2020. GUESTS ENJOYED AN INTIMATE NIGHT OF GOLF TALK AND MUSIC WITH TIGER WOODS AND DARIUS RUCKER. THE EVENT WAS HOSTED BY CHRIS HARRISON AND FEATURED GUEST DROP INS FROM BRYSON DECHAMBEAU, LARRY FITZGERALD, MICHAEL STRAHAN, AND MULTIPLE EARL WOODS SCHOLARS. BETWEEN PERFORMANCES FROM RUCKER, GUESTS WERE TREATED TO TESTIMONIALS FROM STUDENTS AND TEACHERS WHO BENEFIT FROM THE WORK OF TGR FOUNDATION. DONATION OF VEHICLE FORM 990, PART V, LINE 7H THE ORGANIZATION RECEIVED CONTRIBUTIONS OF A SCOOTER AND GOLF CART FROM AUTHORIZED DEALERS. THEREFORE, THE DONATIONS WERE NOT OF QUALIFIED VEHICLES AND NO FORM 1098-C REPORTING WAS REQUIRED. MEMBERS OF THE ORGANIZATION FORM 990, PART VI, LINE 7A 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. BOARD MINUTES FORM 990 PART VI, LINE 8A AND 8B THE BOARD'S DISCUSSIONS REGARDING THE ORGANIZATION ARE DOCUMENTED IN CONJUNCTION WITH THE BOARD MEETINGS OF ITS SOLE MEMBER, THE TIGER WOODS FOUNDATION. PROCESS FOR REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C 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. COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, LINE 15A 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) FORM 990, PART VI, LINE 15B THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR OTHERS OFFICERS AND KEY EMPLOYEES IS THE SAME AS FOR THE CEO. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, LINE 19 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. Audit of Financial Statements by Independent Accountant FORM 990, PART XII, LINE 2C 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) 2 NA false false true false false false false false false false false false false true true true true false false TIGER WOODS FOUNDATION INC B 4635000 CASH RECEIVED