2016-11-15T10:12:26-06:00 2015-12-31 Grant Thornton LLP 200 South Orange Avenue Suite 2050 Orlando FL 32801 990 2015-01-01 593085528 The LPGA Foundation % KATHRYN H MILTHORPE LPGA 3862746200 100 International Golf Drive Daytona Beach FL 32124 KATHRYN H MILTHORPE CFO 3862746200 2016-11-15 true Paul Hagge P00543988 4074815100 2016-11-09 2015 2017-02-10 21:41:12Z KATHRYN H MILTHORPE 100 International Golf Drive Daytona Beach FL 32124 5362968 false X www.lpgafoundation.org X 1991 FL Conduct charitable activities of the Ladies Professional Golf Association. 15 11 0 800 0 0 1406942 1752137 3687632 3533068 78009 77763 0 0 5172583 5362968 448800 605617 0 0 332529 380731 0 0 60582 4169757 4218421 4951086 5204769 221497 158199 5192831 5647439 376311 755836 4816520 4891603 X CONDUCT CHARITABLE ACTIVITIES OF THE LADIES PROFESSIONAL GOLF ASSOCIATION. false false 1165943 426128 158652 DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION. 3274416 3374416 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. 203111 177824 DEVELOP AND MAINTAIN A SCHOLARSHIP PROGRAM WHICH PROVIDES ACADEMIC SCHOLARSHIPS FOR JUNIOR GOLFERS. 25493 1665 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. 25493 1665 0 4668963 true true false false false false false false false false true false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false true true false true false true 130 0 true 0 false false false false false true true false false false false false false X 15 11 false false false false true true true true true false false true true true true true true true true false AZ CA FL X KATHRYN H MILTHORPE 3862746200 100 INTERNATIONAL GOLF DRIVE Daytona Beach FL 32124 Michael Whan LPGA Commissioner 1.0 40.0 X 0 1033752 23524 Kathryn Milthorpe NON-VOTING Treasurer 2.0 40.0 X X 0 292960 23030 Nancy Henderson President LPGA Foundation 20.0 20.0 X X 0 246490 18376 Marian Moore NON-VOTING Secretary 2.0 40.0 X X 0 288450 11877 Karen Furtado Chair 1.0 0.0 X X 0 0 0 Lynn Connelly Vice Chair 1.0 0.0 X X 0 0 0 John North director 1.0 0.0 X 0 0 0 Margaret Downey director 1.0 0.0 X 0 0 0 Ron Ciesla director 1.0 0.0 X 0 0 0 Christina Zacamy director 1.0 0.0 X 0 0 0 Barbara Kauffman director 1.0 0.0 X 0 0 0 Nancy Lopez director 1.0 0.0 X 0 0 0 Donna Bailey director 1.0 0.0 X 0 0 0 Deb Vangellow LPGA TCP VP 1.0 0.0 X 0 23500 0 Vicki Goetze-Ackerman LPGA TOUR President 1.0 25.0 X 0 75900 0 Sharon Ritchey director 1.0 0.0 X 0 0 0 Allan Tanenbaum director 1.0 0.0 X 0 0 0 0 1961052 76807 0 false true false none 0 119000 1633137 1752137 CLUB REGISTRATION 158652 158652 LPGA FOUNDERS TOURNAMENT 3374416 3374416 3533068 77763 77763 0 0 0 0 0 0 0 0 0 0 5362968 3533068 77763 603952 603952 1665 1665 0 0 0 0 316843 247887 34478 34478 5942 3612 1165 1165 33050 28478 2286 2286 24896 19118 2889 2889 0 1392 1392 38288 38288 0 0 15000 15000 222387 222387 216999 206631 5184 5184 38425 28477 4974 4974 0 0 0 143706 62624 71476 9606 0 0 0 0 15352 15352 5133 5133 INDUSTRY INITIATIVES 60000 60000 BANK FEES 10572 10572 TOURNAMENT EXPENSE 3451167 3451167 5204769 4668963 475224 60582 0 0 1653378 2131817 0 0 28779 5000 0 0 0 0 0 0 0 0 44732 66663 89766 56622 48487 33144 3417455 3410815 0 0 0 0 0 0 0 0 5192831 5647439 140121 728779 0 0 236190 27057 0 0 0 0 0 0 0 0 0 0 0 0 376311 755836 X 810627 735209 4005893 4156394 0 0 4816520 4891603 5192831 5647439 158199 -83116 X false true X true false X X X 1 LPGA 750055465 9 true 0 0 1 0 0 true true true true true false false false false false false false false false false false false true false 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. THE ORGANIZATION 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 THE ORGANIZATION 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 2015, THE ORGANIZATION 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 89766 56622 33144 33144 0 0 X 5279852 -83116 -83116 5362968 5362968 5204769 5204769 5204769 SCHEDULE D, PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE Income Taxes - 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, 2011 through 2015. true Triad Youth 5834 Bur-Mil Club Road Greensboro NC 27410 311713878 501(c)(3) 17370 Matching Grant Golf for Cause LLC 570 W Southern Ave Tempe AZ 85282 200459489 8850 Scholarship First Tee of St Johns 4401 Cypress Links Blvd Elkton FL 32033 593595774 501(c)(3) 7000 Matching Grant LPGA Urban Youth Golf Program of Delaware 599 Rockland Road Rockland DE 19732 232148498 6300 Matching Grant Westminster College 1840 S 1300 East Salt Lake City UT 84105 870212470 10000 Scholarship Greater Philadelphia School 1952 E Allegheny Ave Philadelphia PA 19134 5250 Matching Grant East Carolina University 1000 E 5th Street Greenville SC 27585 566061192 501(c)(3) 10000 Scholarship Savannah School of Art and Design 26 West Harris Street Savannah GA 31401 581357177 6250 Scholarship Pebblecreek Resort 9532 E Riggs Road Sun Lakes AZ 86248 12960 Scholarship 39 139 Schedule I, 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. X true true X X X X false false false false false false true false false Michael Whan LPGA Commissioner 0 675000 0 358752 0 0 0 0 0 23524 0 1057276 0 0 Kathryn Milthorpe NON-VOTING Treasurer 0 238000 0 54960 0 0 0 0 0 23030 0 315990 0 0 Nancy Henderson President LPGA Foundation 0 205900 0 40590 0 0 0 0 0 18376 0 264866 0 0 Marian Moore NON-VOTING Secretary 0 239000 0 49450 0 0 0 0 0 11877 0 300327 0 0 Compensation contingent of the net earnings Schedule J, Part I, Line 6b Incentive plan has components based on net earnings of LPGA and was accrued. MEMBERS OR STOCKHOLDERS Form 990, Part VI, Line 6 The sole member of the LPGA Foundation is the Ladies Professional Golf Association. MEMBERS OR STOCKHOLDERS WHO MAY ELECT Form 990, Part VI, Line 7a The reserved powers of LPGA Foundation permit the voting membership to elect one or more members of the governing body of the of LPGA Foundation. DECISIONS SUBJECT TO APPROVAL Form 990, Part VI, Line 7b 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. The member shall elect the At-Large Directors. FORM 990 REVIEW PROCESS Form 990, Part VI, Line 11b THE FORM 990 WAS PROVIDED TO THE LPGA FOUNDATION'S BOARD OF DIRECTORS PRIOR TO THE FILING OF THE RETURN. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT Form 990, Part VI, Line 12c The Board of directors are provided with the conflict of interest policy each year and any conflicts reported are reviewed by the Foundation's President and Secretary. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Line 15a The Human Resources department of the related organization is charged with recommending the appointment, conducting performance reviews and determining the compensation of the president. 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. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Line 15b The Human Resources department of the related organization is charged with recommending the appointment, conducting performance reviews and determining the compensation of 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. SECTION 6104 REQUIREMENT FORM 990, PART VI, SECTION C, LINE 18 THE LPGA FOUNDATION MAKES ITS FORMS 1023 and 990 AVAILABLE FOR PUBLIC INSPECTIONS VIA U.S. MAIL UPON REQUEST. Form 990, PART VI, SECTION C, LINE 19 NO GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. LPGA Foundation Tournament Properties 100 International Golf Drive Daytona Beach FL 32124 274445389 Golf Event FL 3374416 0 LPGA FND Ladies Professional Golf Assoc 100 International Golf Drive Daytona Beach FL 32124 750055465 Womens Golf FL 501(C)(6) N/A NA false false false true false true false false false false false false false false true true true false false false Ladies Professional Golf Association c 119000 gift Ladies Professional Golf Association e 691951 loan Ladies Professional Golf Association n 28779 reimbursement Ladies Professional Golf Association o 587250 reimbursement Ladies Professional Golf Association p 3004719 reimbursement