2020-08-17T16:20:27-05:00 2019-09-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2018-10-01 061554474 Tiger Woods Charity Event Corporation % HOOD & BURCH TIGE 9497253003 121 Innovation Drive Suite 150 Irvine CA 92617 RICK SINGER PRESIDENT/CEO/SEC 9497253003 2020-08-17 true CAREY MCKEE P01281067 2139724000 2020-08-17 199.206.0.5 95488420202305000046 2020-08-17 P A1C9FA349B5AB680E18C52852D4167FA5CFA4AF3 142284C040319A5B2FED0EA50B062FC5C2478189 2018 2020-09-23 17:36:50Z TGR LIVE RICK SINGER 121 Innovation Dr Ste 150 Irvine CA 92617 43621698 false X WWW.TGRFOUNDATION.ORG X 1999 CA OPERATES CHARITABLE EVENTS TO SUPPORT THE PROGRAMS OF THE TIGER WOODS FOUNDATION, INCLUDING ITS MULTIPLE EDUCATIONAL LEARNING CENTERS & NATIONAL SCHOLARSHIP PROGRAM. 2 1 39 1211 0 1723558 1557672 55500940 39920202 39827 55430 1175019 1469912 58439344 43003216 3913550 4239000 0 0 3522196 3300247 0 0 692614 50965079 35457302 58400825 42996549 38519 6667 14722620 18453143 13860368 17584224 862252 868919 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 false 42065800 4239000 39920202 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 5 CHARITABLE EVENTS DURING THE YEAR. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O. 42065800 true true false false false false false false false false false false true true false false true false false true false false false 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 77 1 true 39 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 true 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 CHRIS HUBMAN DIRECTOR 1.0 1.0 X 0 0 0 RICK SINGER PRESIDENT/CEO/SEC 40.0 25.0 X X 449800 159000 52867 JIN C THATCHER TREASURER 1.0 45.0 X 0 230276 33279 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 45.0 0.0 X 230475 0 17201 MICHAEL ANTOLINI VP CHAMPIONSHIPS 45.0 0.0 X 213800 0 23323 DAVID S KLEWAN GENERAL MGR/GENESIS OPEN 45.0 0.0 X 199940 0 32016 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 45.0 0.0 X 170553 0 46418 JAMES P CEFALY SENIOR SALES MANAGER 45.0 0.0 X 122638 0 8929 1387206 389276 214033 10 false true false EXCEL SPORTS MANAGEMENT LLC 1700 BROADWAY 29TH FLOOR NEW YORK NY 10019 MARKETING 939250 WILLIAM MORRIS ENDEAVOR ENT LLC 1201 DEMONBREUN STREET 15TH FLOOR NASHVILLE TN 37203 ENTERTAINTMENT AGENT 355000 LEVY PROM GOLF LLC 484 INWOOD AVENUE OAKDALE MN 55128 FOOD SERVICES 242160 ANGEL CITY DESIGN 9478 VARIEL AVE LOS ANGELES CA 91311 DECORATION SERVICES 227390 EXECUTIVE EVENT SERVICES 22600 SAVI RANCH PKWY YORBA LINDA CA 92887 SECURITY MANAGEMENT 179551 5 442108 1115564 431964 1557672 PROGRAM SERVICES 900099 39920202 39920202 39920202 55106 55106 0 0 0 0 0 36690 36366 324 324 324 572531 442108 354163 218368 218368 1420250 227953 1192297 1192297 0 0 0 REFUNDS AND REBATES 900099 46078 46078 MISC INCOME 900099 13169 13169 59247 43003216 39920202 0 1525342 4239000 4239000 0 0 0 464400 325080 92880 46440 0 2305705 1893221 77758 334726 80188 64215 4939 11034 271912 217746 16751 37415 178042 142575 10969 24498 0 3270 3270 109827 91503 5666 12658 0 0 0 1150091 1124977 7767 17347 10321323 10321323 840811 828525 11113 1173 4029 4029 0 165792 132756 10217 22819 423537 239140 18 184379 0 65628 65446 57 125 0 0 0 113486 113486 TOURNAMENT PRIZES 10900000 10900000 TOURNAMENT HOSPITALITY 4624342 4624342 TOURNAMENT OPERATIONS 4238563 4238563 OTHER EXP - TOURNAMENTS 1637758 1637758 858845 858845 42996549 42065800 238135 692614 1957 1283 3452262 9440586 1494144 862735 0 0 0 0 0 0 0 0 25817 18251 8789623 8129783 0 0 0 0 0 0 0 0 0 0 958817 505 14722620 18453143 1602640 688069 0 569672 12257728 16326483 0 0 0 0 0 0 0 0 0 0 0 0 13860368 17584224 X 862252 868919 0 0 0 0 862252 868919 14722620 18453143 6667 X false true X true false X X 1 TIGER WOODS FOUNDATION INC 200677815 2 true 4239000 0 1 4239000 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 42868879 329335 50000 379335 42489544 513672 513672 43003216 42862212 50000 50000 42812212 184337 184337 42996549 REVENUE ON FINANCIALS, NOT INCLUDED ON FORM 990 PART XI, LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 $50,000 REVENUE INCLUDED ON FORM 990, NOT ON AUDITED FINANCIALS PART XI, LINE 4B RECLASS FUNDRAISING EXPENSES REPORTED GROSS ON FORM 990 $184,337 DONATED USE OF FACILITIES $329,335 ---------- TOTAL $513,672 EXPENSES ON FINANCIALS NOT INCLUDED ON FORM 990 PART XII, LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 $50,000 EXPENSES INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS PART XII, LINE 4B RECLASS FUNDRAISING EXPENSES REPORTED GROSS ON FORM 990 $184,337 Central America and the Caribbean 0 2 Program Services HERO WORLD CHALLANGE 12604752 Central America and the Caribbean 0 0 Fundraising N/A 83523 0 2 0 2 12688275 12688275 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. TIGER JAM AUC 533489 221348 312141 242604 NEXUS CUP 365000 220760 144240 45575 1 116150 0 116150 65984 1014639 442108 572531 354163 354163 218368 1420250 50561 133370 44022 false 1420250 50561 133370 44022 227953 1192297 NV false SEE SUPPLEMENTAL PAGE false true false 1.00000 RICK SINGER 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 true 605000 59733 MGM RESORTS INTERNATIONAL PO BOX 748137 LOS ANGELES CA 90074 RICK SINGER OVERALL SUPERVISION OF GAMING OPERATIONS X false SCHEDULE G, PART III, LINE 9B EXPLANATION A CHARITY POKER TOURNAMENT WAS HELD IN NEVADA IN CONJUNCTION WITH TIGER JAM 2019 CHARITY FUNDRAISING EVENT. GAMING WAS OPERATED THROUGH A THIRD PARTY, MGM GRAND RESORTS INTERNATIONAL. ANOTHER 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. SCHEDULE G, PART III, LINE 15 ADDITIONAL GAMING CONTRACTOR AMOUNT OF GAMING REVENUE RECEIVED BY ORGANIZATION: $275,250 AMOUNT OF GAMING REVENUE RETAINED BY THE THIRD PARTY: $39,198 NAME OF THIRD PARTY: ALBANY RESORTS ADDRESS OF THIRD PARTY: SOUTH OCEANA BOULEVARD, NEW PROVIDENCE BAHAMAS true Tiger Woods Foundation 1 TIGER WOODS WAY ANAHEIM CA 92801 200677815 501(C)(3) 4239000 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. false false false true false false false false false RICK SINGER PRESIDENT/CEO/SEC 369800 159000 80000 0 0 0 11000 0 41867 0 502667 159000 0 0 JIN C THATCHER TREASURER 0 196276 0 34000 0 0 0 7900 0 25379 0 263555 0 0 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 197475 0 33000 0 0 0 7900 0 9301 0 247676 0 0 0 MICHAEL ANTOLINI VP CHAMPIONSHIPS 184800 0 29000 0 0 0 7416 0 15907 0 237123 0 0 0 DAVID S KLEWAN GENERAL MGR/GENESIS OPEN 182140 0 17800 0 0 0 7334 0 24682 0 231956 0 0 0 DANIEL F CALLAHAN ASSOCIATE VP CORP PARTNERS 130093 0 40460 0 0 0 5253 0 41165 0 216971 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 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 $38,460 and are included in column (B)(ii) in Part II. The organization entered into a variable compensation arrangement with James Cefaly. 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 $26,395 and are included in Column (B)(II), in Part II. X 4 7270 RETAIL VALUE X 206972 RETAIL VALUE X 3 58500 RETAIL VALUE X 29 69987 RETAIL VALUE X SPORTS EQUIPMENT 6 81755 RETAIL VALUE X GIFT CARD 1 5000 RETAIL VALUE X FOOD & WINE 2 1525 RETAIL VALUE X JEWELRY 2 955 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, 4A CONTINUED TIGER WOODS INVITATIONAL 2018 DURING THE TIGER WOODS INVITATIONAL PRESENTED BY USLI, HELD ON THE MONTEREY PENINSULA OCTOBER 15-18, 2018, GUESTS ENJOYED THREE DAYS OF GOLF ON CHAMPIONSHIP LEVEL GOLF COURSES. FOR THE FIRST TIME, GUEST PLAYED THE MONTEREY PENINSULA COUNTRY CLUB DUNES COURSE, A BUCKET LIST COURSE FOR ANY GOLFER. GUESTS ENJOYED PREMIUM EXPERIENCES WITH HIGHLIGHTS INCLUDING AN INTIMATE DINNER FEATURING A DISCUSSION BETWEEN TIGER WOODS AND PETER UEBERROTH, AND AN AUCTION TO BENEFIT TGR FOUNDATION. WHILE AT THE EVENT, TIGER RECEIVED CODING LESSONS FROM EARL WOODS SCHOLAR SAMMY MOHAMMED, A COMPUTER SCIENCE MAJOR AT STANFORD UNIVERSITY. HERO WORLD CHALLENGE 2018 THE 2018 HERO WORLD CHALLENGE, HELD AT ALBANY IN THE BAHAMAS, NOVEMBER 26-DECEMBER 2, STARTED WITH A MAJOR ANNOUNCEMENT BY TOURNAMENT HOST TIGER WOODS AND DR. PAWAN MUNJAL, MANAGING DIRECTOR OF HERO MOTOCORP. THE PAIR ANNOUNCED A FOUR-YEAR EXTENSION OF HERO'S TITLE SPONSORSHIP OF THE ANNUAL PGA TOUR EVENT. THE EVENT, WHICH RAISES FUNDS AND AWARENESS FOR TGR FOUNDATION WAS WON BY JON RAHM AS HE BECAME THE FIRST SPANIARD TO WIN THE TOURNAMENT. GENESIS OPEN 2019 TO START THE 2019 GENESIS OPEN, THE PGA TOUR ANNOUNCED THAT THE ANNUAL TOURNAMENT AT RIVIERA WOULD BE ELEVATED TO A SPECIAL "INVITATIONAL" STATUS STARTING IN 2020. THE TOURNAMENT, HELD FEBRUARY 11-17, ALSO FEATURED THE INAUGURAL CELEBRITY CUP, BRINGING TIGER WOODS AND FRED COUPLES TOGETHER TO CAPTAIN TWO TEAMS OF SIX CELEBRITIES EACH. THE CELEBRITY CUP WAS WON BY TEAM WOODS AND THE GENESIS OPEN WAS WON BY J.B. HOLMES AS BOTH EVENTS PROVIDED SIGNIFICANT EXPOSURE AND FUNDS FOR TGR FOUNDATION. TIGER JAM 2019 THE 21ST TIGER JAM, WHICH WAS HELD MAY 24-25 IN LAS VEGAS FEATURED A REFRESHED FORMAT IN CONJUNCTION WITH MGM. THE SOLD-OUT EVENT FEATURED A MIX OF EVENT FAVORITES SUCH AS TIGER'S POKER NIGHT AND GOLF AT SHADOW CREEK PAIRED WITH NEW EXPERIENCES SUCH AS VIP ACCESS AT JANET JACKSON'S RESIDENCY AT PARK MGM FOLLOWED BY A NEW VENUE FOR THE POST PARTY. THE EVENT'S DINNER FEATURED A CONVERSATION WITH TIGER AND EARL WOODS SCHOLAR CHIA OBILO WITH EVENT PROCEEDS SUPPORTING TGR FOUNDATION. NEXUS CUP 2019 THE INAUGURAL NEXUS CUP, WHICH TOOK PLACE SEPTEMBER 23-24, 2019, WAS HOSTED BY TIGER WOODS IN ASSOCIATION WITH NEXUS LUXURY COLLECTION. THE TWO-DAY AMATEUR GOLF COMPETITION WAS HELD AT LIBERTY NATIONAL GOLF CLUB IN NEW JERSEY AND COMBINED SPIRITED MATCH PLAY COMPETITION WITH APPEARANCES FROM TIGER AND FELLOW MAJOR CHAMPION GOLFERS KEEGAN BRADLEY, HENRIK STENSON AND GARY WOODLAND. FOLLOWING EACH ROUND, DYNAMIC EVENTS ENTERTAINED GUEST AT NEXUS CLUB NEW YORK, HIGHLIGHTED BY THE TONIGHT SHOW UNPLUGGED STARRING JIMMY FALLON ALONG WITH A LIVE CHARITY AUCTION TO RAISE FUNDS FOR TGR FOUNDATION. DONATION OF VEHICLE FORM 990, PART V, LINE 7H THE ORGANIZATION RECEIVED CONTRIBUTIONS OF AN AUTOMOBILE AND GOLF CARTS 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 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. 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 GOVERNANCE 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 false true true true true false false TIGER WOODS FOUNDATION INC B 4239000 CASH RECEIVED