2018-08-15T18:35:19-05:00 2017-09-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2016-10-01 061554474 Tiger Woods Charity Event Corporation % HOOD & BURCH TIGE 9497253003 121 Innovation Drive Suite 150 Irvine CA 92617 RICK SINGER PRESIDENT/CEO/SEC 9497253003 2018-08-14 true CAREY MCKEE P01281067 2139724000 2016 2022-09-23 18:48:47Z RICK SINGER 121 Innovation Drive Ste 150 Irvine CA 92617 59104508 false X WWW.TIGERWOODSFOUNDATION.ORG X 1999 CA OPERATES CHARITABLE EVENTS TO SUPPORT THE PROGRAMS OF THE TIGER WOODS PROGRAMS OF THE TIGER WOODS FOUNDATION, INCLUDING ITS MULTIPLE EDUCATIONAL LEARNING CENTERS & NATIONAL SCHOLARSHIP PROGRAM. 2 1 43 2500 0 1829748 1784876 57218750 55755847 20014 56139 1144032 936935 60212544 58533797 1520600 3032050 0 0 3218113 3851251 0 0 717942 55451620 51626478 60190333 58509779 22211 24018 17543049 17763349 16743334 16939616 799715 823733 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 57606421 3032050 55755847 TIGER WOODS INVITATIONAL 2016 PRESENTED BY USLI THE TIGER WOODS INVITATIONAL PRESENTED BY USLI FEATURES THREE DAYS OF UNPARALLELED GOLF ON THE MONTEREY PENINSULA. THIS UNIQUE EVENT RAISES FUNDS FOR THE TIGER WOODS FOUNDATION AND ITS FIRST-GENERATION SCHOLARS. THE 2016 TIGER WOODS INVITATIONAL WAS HELD OCTOBER 10-12 AND FEATURED 112 AMATEUR GOLFERS WHO COMPETED ON SPYGLASS HILL GOLF COURSE, MONTEREY PENINSULA COUNTRY CLUB AND PEBBLE BEACH GOLF LINKS. IN ADDITION TO THE GOLF, GUESTS WERE ALSO TREATED TO AN EVENING RECEPTION, WHICH FEATURED INSPIRATIONAL REMARKS FROM TIGER WOODS FOUNDATION PRESIDENT & CEO RICK SINGER AND EARL WOODS SCHOLARS. SEE SCHEDULE O 57606421 true true false false false false false false false false false false false 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 false false false false true false false false true 91 1 true 43 true false false false 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 7149954833 10833 VALLEY VIEW STREET STE 470 CYPRESS CA 90630 X CHRIS HUBMAN DIRECTOR 1.0 1.0 X 0 0 0 RICK SINGER PRESIDENT/SECRETARY/CEO 40.0 25.0 X X 431475 150000 53883 JIN C THATCHER TREASURER 1.0 49.0 X 0 213872 33256 EMILY C ANDERSON-TAYLOR VP OF COMMUNICATION(THRU 1/17) 40.0 0.0 X 185294 0 35304 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 40.0 0.0 X 210637 0 18815 DANIEL F CALLAHAN CHAMPIONSHIP DIRECTOR 40.0 0.0 X 173362 0 42083 MICHAEL ANTOLINI VP CHAMPIONSHIPS 40.0 0.0 X 199719 0 29170 AARON MOSZER DIRECTOR, CORPORATE RELATIONS 40.0 0.0 X 144400 0 14512 1344887 363872 227023 7 false true false Angel City Design 9748 Variel Ave LOS ANGELES CA 91311 Decoration Services 499766 Club Car LLC 15864 Collections Center Drive CHICAGO IL 60693 Golf Car Rentals 131833 Excel Sports Management LLC 1700 Broadway 29th Floor NEW YORK NY 10019 Marketing 402349 Levy Prom Golf LLC 484 Inwood Ave OAKDALE MN 55128 Food Services 889599 Venue Smart LLC 7830 State Line Road Suite 201 PRAIRIE VILLAGE KS 662083703 Event Maintenance 150515 6 X 310208 1474668 352957 1784876 PROGRAM SERVICES 900099 55755847 55755847 55755847 56139 56139 0 14989 14989 0 0 0 0 438373 310208 402182 36191 36191 737550 168529 569021 569021 0 0 0 REIMBURSEMENTS 900099 235260 235260 REFUNDS AND REBATES 900099 81239 81239 MISC INCOME 900099 235 235 316734 58533797 55755847 993074 3032050 3032050 0 0 0 442500 265500 44250 132750 0 2732693 2256397 89839 386457 70959 56093 3051 11815 400853 321820 16222 62811 204246 161456 8783 34007 0 4815 4587 47 181 55781 47566 1686 6529 0 0 0 1562945 1494023 14147 54775 15868348 15868348 706032 702204 786 3042 637 637 0 163770 132948 6326 24496 336292 336140 31 121 0 84339 84131 43 165 0 0 0 98708 97710 205 793 TOURNAMENT PRIZES 14100000 14100000 TOURNAMENT OPERATIONS 6199537 6199537 TOURNAMENT HOSPITALITY 5343483 5343483 TOURNAMENT SITE FEES 4308725 4308725 2793066 2793066 58509779 57606421 185416 717942 11774 2203 11938957 8241027 1394969 655780 0 0 0 0 0 0 0 0 28988 53901 1965822 8379705 0 0 0 0 0 0 0 0 0 0 2202539 430733 17543049 17763349 5309609 3999265 875000 0 10193576 12193260 0 0 0 0 0 0 0 0 0 0 365149 747091 16743334 16939616 X 799715 823733 0 0 0 0 799715 823733 17543049 17763349 24018 X false true X true false X X 1 TIGER WOODS FOUNDATION INC 061468499 2 true 3032050 0 1 3032050 false false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 747091 747091 58338537 40000 40000 58298537 235260 235260 58533797 58314519 40000 40000 58274519 235260 235260 58509779 REVENUE ON FINANCIALS, NOT INCLUDED ON FORM 990 PART XI, LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 $40,000 REVENUE INCLUDED ON FORM 990, NOT ON AUDITED FINANCIALS PART XI, LINE 4B GROSS-UP EXPENSES NETTED AGAINST MISC. REVENUE ON FINANCIALS $235,260 EXPENSES ON FINANCIALS NOT INCLUDED ON FORM 990 PART XII,LINE 2D RAFFLE PRIZE REPORTED NET OF REVENUE ON FORM 990 $40,000 EXPENSES INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS PART XII, LINE 4B GROSS UP EXPENSES NETTED AGAINST MISC. REVENUE ON FINANCIALS $235,260 Central America and the Caribbean Program Services HERO WORLD CHALLENGE 11572024 Central America and the Caribbean Fundraising N/A 83016 11655040 11655040 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. CHARITY AUCTION 748581 310208 438373 402182 0 748581 310208 438373 402182 402182 36191 737550 40000 94323 34206 false 737550 40000 94323 34206 168529 569021 NV false SEE SUPPLEMENTAL PAGE false true false 1.00000 RICK SINGER 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 true 352750 55344 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 2017 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: $207,500 AMOUNT OF GAMING REVENUE RETAINED BY THIRD PARTY: $38,979 NAME OF THIRD PARTY: ALBANY RESORTS ADDRESS OF THIRD PARTY: SOUTH OCEANA BOULEVARD, NEW PROVIDENCE BAHAMAS true Tiger Woods Foundation 121 Innovation Drive Suite 150 Irvine CA 92617 061468499 501(C)(3) 3032050 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 false false false false RICK SINGER PRESIDENT/SECRETARY/CEO 348800 150000 82675 0 0 0 10600 0 43283 0 485358 150000 0 0 JIN C THATCHER TREASURER 0 183872 0 30000 0 0 0 7404 0 25852 0 247128 0 0 EMILY C ANDERSON-TAYLOR VP OF COMMUNICATION(THRU 1/17) 165294 0 20000 0 0 0 6660 0 28644 0 220598 0 0 0 MICHELLE A BEMIS VP OF EVENTS & BUSINESS DEV 185025 0 25612 0 0 0 7402 0 11413 0 229452 0 0 0 DANIEL F CALLAHAN CHAMPIONSHIP DIRECTOR 148816 0 24546 0 0 0 6002 0 36081 0 215445 0 0 0 MICHAEL ANTOLINI VP CHAMPIONSHIPS 174382 0 25337 0 0 0 6703 0 22467 0 228889 0 0 0 AARON MOSZER DIRECTOR, CORPORATE RELATIONS 144400 0 0 0 0 0 0 0 14512 0 158912 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, 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 X 1 2800 RETAIL VALUE X 9050 RETAIL VALUE X 1 41186 RETAIL VALUE X 28 37163 RETAIL VALUE X JEWELRY 1 300 RETAIL VALUE X WINE 1 475 RETAIL VALUE X SPORTS EQUIPMENT 4 248918 RETAIL VALUE X SPORTS & EVENT TICKETS 13 13065 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, LINE 4A, CONTINUED PROCEEDS FROM THE EVENT SUPPORTED MORE THAN 150 FIRST-GENERATION EARL WOODS SCHOLARS ATTENDING PRESTIGIOUS UNIVERSITIES ACROSS THE COUNTRY. HERO WORLD CHALLENGE 2016 HELD DEC. 1-DEC. 4, 2016, THE HERO WORLD CHALLENGE TOOK PLACE AT ALBANY, BAHAMAS IN PARTNERSHIP WITH TAVISTOCK GROUP. THE TOURNAMENT FEATURED 18 OF THE WORLD'S TOP RANKED PGA TOUR GOLFERS. THE HERO WORLD CHALLENGE LIVED UP TO THE BUILD-UP AND EXCITEMENT OF TOP PLAYERS, AS HIDEKI MATSUYAMA CARRIED A HUGE LEAD INTO SUNDAY AND HELD ON FOR THE VICTORY. PROCEEDS FROM THE EVENT SUPPORTED TIGER WOODS FOUNDATIONS EDUCATIONAL PROGRAMS. TIGER JAM 2017 THE 19TH ANNUAL FUNDRAISER, HELD MAY 19-20, 2017 TIGER JAM RETURNED TO LAS VEGAS FOR AN EPIC TWO-DAY CHARITY EVENT AT THE MGM GRAND HOTEL AND CASINO. WESLEY BRYAN HELD A GOLF EXHIBITION ON THE RANGE FRIDAY AT SHADOW CREEK, FOLLOWED BY TIGERS POKER NIGHT, WHERE CELEBRITIES LIKE KATE UPTON, CHRIS PAUL, AND MARK CUBAN WENT ALL-IN FOR CHARITY. AFTER DINING ON DECADENT BITES AND BIDDING ON LUXURY ITEMS, GUESTS HEADED TO A PRIVATE, POOLSIDE CONCERT FEATURING DARIUS RUCKER. GUESTS CAPPED OFF THE UNFORGETTABLE EXPERIENCE AT THE POST-PARTY AT TOPGOLF LAS VEGAS. PROCEEDS FROM TIGERJAM SUPPORT THE EDUCATIONAL PROGRAMS OF TGR FOUNDATION A TIGER WOODS CHARITY. QUICKEN LOANS NATIONAL 2017 HELD AT TPC POTOMAC IN BETHESDA, MD FROM JUNE 26-JULY 2, 2017, THIS PREMIER PGA TOUR EVENT WELCOMED 120 PRO GOLFERS TO COMPETE FOR THE PRESTIGIOUS QUICKEN LOANS NATIONAL TROPHY. KYLE STANLEY DECLARED HIS DAY AS THE NATIONAL CHAMPION AFTER A FORCING A COMPETITIVE PLAYOFF ROUND AGAINST CHARLES HOWELL. CONTINUING ITS HISTORY OF MILITARY RECOGNITION, THE NATIONAL HONORED OUR NATION'S MILITARY BY PROVIDING 30,000 FREE TICKETS, HOSPITALITY, AND THE "WE SALUTE OUR HEROES" TRIBUTE WALL. PROCEEDS FROM THE QUICKEN LOANS NATIONAL BENEFIT THE TIGER WOODS FOUNDATION AND ITS FIRST-GENERATION EARL WOODS SCHOLARS AND THREE TGR LEARNING LABS IN WARDS 6 & 7 AND AT THE MARINE CORPS BASE AT QUANTICO. GENESIS OPEN 2017 NEARLY A CENTURY AGO, THE PROFESSIONAL GOLF CAME TO LOS ANGELES. DEBUTING IN 1926 AT LOS ANGELES COUNTRY CLUB AS THE LOS ANGELES OPEN, THE TOURNAMENT WAS STAGED AT VARIOUS COURSES THROUGHOUT THE LOS ANGELES AREA BEFORE PERMANENTLY SETTLING AT THE RIVIERA COUNTRY CLUB IN 1973. KNOWN AS THE SITE OF JACK NICKLAUS PROFESSIONAL DEBUT, TIGER WOODS FIRST PGA TOUR TOURNAMENT AND WITH 25 CHAMPIONS IN THE WORLD GOLF HALL OF FAME, THE COURSE AND TOURNAMENT HAVE SEEN MANY MAJOR MOMENTS IN GOLF HISTORY. IN 2017, THE GENESIS OPEN WAS HOSTED FEBRUARY 13-19, 2017. PROCEEDS FROM THE GENESIS OPEN BENEFIT THE COLLEGE ACCESS PROGRAMS OF THE TIGER WOODS FOUNDATION AS WELL AS OTHER LOCAL LOS ANGELES BASED CHARITIES. THE TIGER WOODS FOUNDATION SUPPORTS THOUSANDS OF STUDENTS IN THE SOUTHERN CALIFORNIA THROUGH VARIOUS STEM EDUCATION AND COLLEGE-ACCESS PROGRAMS. 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. 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