2021-11-15T13:12:53-06:00 2020-12-31 366055558 GRANT THORNTON LLP 200 S ORANGE AVE STE 2050 ORLANDO FL 32801 990 2020-01-01 593085528 THE LPGA FOUNDATION LPGA 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 KATHRYN H MILTHORPE TREASURER 3862746200 2021-11-15 1 KATHRYN MILTHORPE 999009999 PAUL HAGGE P00543988 4074815100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHRYN H MILTHORPE 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 2765641 0 X WWW.LPGAFOUNDATION.ORG X 1991 FL TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 14 10 0 375 0 0 1857860 1718730 3662794 929422 138718 117489 0 0 5659372 2765641 459216 303701 0 0 520388 543602 0 0 64994 5005144 1875639 5984748 2722942 -325376 42699 7384247 8215855 439984 532283 6944263 7683572 X TO INSPIRE, EMPOWER AND TRANSFORM THE LIVES OF GIRLS AND WOMEN THROUGH THE GAME OF GOLF. 0 0 1117440 204138 0 DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION. 885926 0 929422 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. 255074 65735 0 DEVELOP AND MAINTAIN A SCHOLARSHIP PROGRAM WHICH PROVIDES ACADEMIC SCHOLARSHIPS FOR JUNIOR GOLFERS. 33828 33828 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 $33,828. 33828 33828 0 2292268 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 45 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 5.00 36.00 X 0 1675812 26160 NANCY HENDERSON PRESIDENT 20.00 20.00 X X 0 326879 18074 VICKI GOETZE-ACKERMAN TRUSTEE 1.00 30.00 X 0 95461 18062 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 (NON-VOTING) 10.00 32.00 X 0 415745 15772 KATHRYN MILTHORPE TREASURER (NON-VOTING) 10.00 32.00 X 0 373299 22687 0 2919196 100755 0 0 1 0 0 697508 1021222 1718730 LPGA FOUNDERS TOURN. 900099 929422 929422 929422 117489 117489 2765641 929422 0 117489 X 234275 234275 69426 69426 456831 365464 68525 22842 2825 2260 424 141 55362 44290 8304 2768 28584 22867 4288 1429 18181 18181 49418 49418 27232 6116 20504 612 531641 398731 106328 26582 111715 83786 22343 5586 6762 5072 1352 338 15400 15400 66977 50233 13395 3349 26938 12122 13469 1347 3103 3103 5513 5513 TOURNAMENT EXPENSE 951980 951980 OUTREACH PROGRAMS 53179 42543 10636 INDUSTRY INITIATIVES 7600 7600 2722942 2292268 365680 64994 1045958 724590 511847 992469 153945 40051 103742 95742 31103 8000 5641394 6450745 7384247 8215855 351975 301705 88009 230578 439984 532283 X 2273519 2489960 4670744 5193612 6944263 7683572 7384247 8215855 42699 696610 0 X 0 1 X 1 0 X X 1 LPGA 750055465 10 1 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 2: THE SUPPORTED ORGANIZATION, LADIES PROFESSIONAL GOLF ASSOCIATION, IS EXEMPT UNDER SECTION 501(C)(6) AS DETERMINED BY THE IRS. LPGA FOUNDATION DETERMINED THAT THE LADIES PROFESSIONAL GOLF ASSOCIATION WOULD MEET THE QUALIFICATIONS UNDER SECTION 509(A)(2) BECAUSE MORE THAN 33.3% OF ITS REVENUE IS GENERATED THROUGH PROGRAMMATIC ACTIVITIES. SCHEDULE A, PART IV, SECTION A, LINE 3B: LPGA FOUNDATION HAS CONFIRMED THAT THE LADIES PROFESSIONAL GOLF ASSOCIATION IS EXEMPT UNDER SECTION 501(C)(6) AND WOULD MEET THE PUBLIC SUPPORT TEST UNDER SECTION 509(A)(2) DUE TO THE FACT THAT MORE THAN 33.3% OF ITS REVENUE IS GENERATED THROUGH PROGRAMMATIC ACTIVITIES. SCHEDULE A, PART IV, SECTION A, LINE 3C: IN 2020, LPGA FOUNDATION DID NOT PROVIDE MONETARY SUPPORT TO THE LADIES PROFESSIONAL GOLF ASSOCIATION. THE SUPPORTED ORGANIZATION HOSTED SEVERAL SUCCESSFUL GOLF TOURNAMENTS THROUGHOUT THE YEAR AND DID NOT REQUIRE FINANCIAL ASSISTANCE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103742 95742 8000 8000 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. THE FOUNDATION'S REMAINING OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE INCLUDE THE YEARS ENDED DECEMBER 31, 2016 THROUGH 2020. 1 NATIONAL ALLIANCE FOR ACCESSIBLE GOLF 1225 NW 21ST ST UNIT 2403 STUART FL 34994 300130896 501(C)(3) 5100 GENERAL SUPPORT GIRLS GOLF OF AMERICA - PEGGY KIRK BELL 5834 BUR-MIL CLUB RD GREENSBORO NC 27410 311713878 501(C)(3) 20000 GENERAL SUPPORT RENAISSANCE JR GOLF INC 2410 SPRINGFIELD AVE VAUXHALL NJ 07077 223291971 501(C)(3) 15000 GENERAL SUPPORT GREATER CLEVELAND JUNIOR GOLF PO BOX 18945 CLEVELAND OH 44118 341759359 501(C)(3) 11500 GENERAL SUPPORT UNIVERSITY OF NEBRASKA BOARD OF REGENTS 401 CANFIELD ADMIN PO BOX 880439 LINCOLN NE 685880439 470049123 501(C)(3) 10000 GENERAL SUPPORT SCGA FOUNDATION 3740 CAHUENGA BLVD STUDIO CITY CA 91604 953858373 501(C)(3) 7000 GENERAL SUPPORT THE FIRST TEE OF LAKE ERIE PO BOX 351142 TOLEDO OH 43635 465657531 501(C)(3) 7000 GENERAL SUPPORT 7 0 FINANCIAL ASSISTANCE 60 33576 SCHOLARSHIPS 14 5350 GRANTS FOR GIRLS GOLF PROGRAMS 14 30500 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 0 725812 0 950000 0 0 0 8400 0 17760 0 1701972 0 0 MARIAN MOORE SECRETARY (NON-VOTING) 0 300745 0 115000 0 0 0 2887 0 12885 0 431517 0 0 KATHRYN MILTHORPE TREASURER (NON-VOTING) 0 259362 0 113937 0 0 0 4961 0 17726 0 395986 0 0 NANCY HENDERSON PRESIDENT 0 239691 0 87188 0 0 0 4021 0 14053 0 344953 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 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE FOUNDATION'S MANAGEMENT. THE RETURN IS REVIEWED BY MANAGEMENT PRIOR TO DISTRIBUTION TO THE FULL BOARD OF DIRECTORS FOR INFORMATION PURPOSES PRIOR TO FILING. 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 THE RELATED ORGANIZATION IS CHARGED WITH RECOMMENDING THE APPOINTMENT, CONDUCTING PERFORMANCE REVIEWS AND DETERMINING THE COMPENSATION OF THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES. THIS RECOMMENDATION IS BASED ON THE FOLLOWING METHODS: COMPARABLE INDUSTRY KNOWLEDGE AND MARKET SURVEYS. THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION 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 THE 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. FORM 990, PART IX, LINE 11G CONSULTING AND ADMIN SERVICES : PROGRAM SERVICE EXPENSES 398,731. MANAGEMENT AND GENERAL EXPENSES 106,328. FUNDRAISING EXPENSES 26,582. TOTAL EXPENSES 531,641. LPGA FOUNDATION TOURNAMENT PROPERTIES 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 274445389 GOLF EVENT FL 929422 203857 LPGA FND 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 FOUND 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 697508 CASH LADIES PROFESSIONAL GOLF ASSOCIATION S 274317 DUE TO ENTITY LADIES PROFESSIONAL GOLF ASSOCIATION O 837689 REIMBURSEMENT LADIES PROFESSIONAL GOLF ASSOCIATION P 421560 REIMBURSEMENT LADIES PROFESSIONAL GOLF ASSOCIATION Q 653302 REIMBURSEMENT EXECUTIVE WOMENS GOLF ASSOCIATION Q 517224 DUE FROM ENTITY