2014-08-14T17:37:31-05:00 2013-09-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2012-10-01 061554474 Tiger Woods Charity Event Corporation % RICK SINGER TIGE 9497253003 121 Innovation Drive Suite 150 Suite Irvine CA 92617 Rick Singer 9497253003 2014-08-13 true 2139724000 2012 2015-11-30 17:44:51Z RICK SINGER 121 INNOVATION DRIVE STE 150 IRVINE CA 92617 49865836 false X WWW.TIGERWOODSFOUNDATION.ORG X 1999 CA OPERATES CHARITABLE EVENTS TO SUPPORT THE PROGRAMS OF THE TIGER WOODS FOUNDATION, INCLUDING ITS FIVE EDUCATIONAL LEARNING CENTERS & NATIONAL SCHOLARSHIP PROGRAM.(ACTIVITIES ARE SPECIFIC TO 10/1/12 TO 9/30/13) 2 1 63 1675 0 2749153 4843775 26692898 44624334 2503 2222 94533 367488 29539087 49837819 1657151 2276802 0 0 2089729 2447336 0 0 577645 25761918 44619649 29508798 49343787 30289 494032 4365649 12181098 4129541 11450958 236108 730140 X TO FUNCTION AS A SUPPORTING ORGANIZATION IN FURTHERANCE OF THE CHARITABLE ACTIVITIES, EDUCATIONAL PROGRAMS FOR YOUTH, AND GOALS OF THE TIGER WOODS FOUNDATION, INC., A PUBLICLY SUPPORTED ORGANIZATION FORMED & QUALIFIED UNDER SECTION 501(C)(3) OF THE IRC. false false 48632086 2276802 44624334 SEE SCHEDULE O. 48632086 true true false false false false false false false false false false false true true true false true false false false false false false false true false true false true false false false false false false false false true false false false false true false false false true 76 0 true 63 true false false false false false true true 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 RICK SINGER 9497253003 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 CHRIS HUBMAN 1.0 0.0 X 0 0 0 GREGORY T MCLAUGHLIN 40.0 25.0 X X 448226 121150 47579 JIN C THATCHER 1.0 49.0 X 0 192553 34132 EMILY C ANDERSON-TAYLOR 40.0 0.0 X 186914 0 36934 MICHELLE A BEMIS 40.0 0.0 X 202625 0 20560 DANIEL F CALLAHAN 40.0 0.0 X 235495 0 45247 ARTHUR N BROWN 40.0 0.0 X 101029 0 32555 1174289 313703 217007 5 false true false HDO PRODUCTIONS 6150 W HOWARD STREET NILES IL 60714 TENT RENTALS & SETUP 559493 1 X 3500000 1343775 388046 4843775 PROGRAM SERVICES 900099 44624334 44624334 44624334 2222 2222 0 0 0 0 0 0 0 395505 28017 367488 367488 0 0 49837819 44624334 369710 2276802 2276802 0 0 0 324426 232450 17324 74652 0 1688648 1251421 82356 354871 56003 40126 2991 12886 246288 176465 13152 56671 131971 98162 6368 27441 0 6444 6444 59950 46459 2541 10950 0 0 0 298524 296523 377 1624 807120 807120 281268 280203 201 864 0 0 301589 274148 5169 22272 242269 242269 0 4436 4166 51 219 0 0 0 66037 47316 3526 15195 PROG EXP: GOLF TOURNAMENTS 41958332 41958332 PROG EXP: BENEFIT CONCERTS 593680 593680 49343787 48632086 134056 577645 1207359 2459013 1585776 7487998 504780 1296797 0 0 0 0 0 0 0 0 5450 3236 816172 793484 0 0 0 0 0 0 0 0 0 246112 140570 4365649 12181098 855727 6884327 1402000 1500000 1819820 2603259 0 0 0 0 0 0 0 0 0 0 51994 463372 4129541 11450958 X 236108 730140 0 0 0 0 236108 730140 4365649 12181098 494032 X X false true X true false X X X false false false TIGER WOODS FOUNDATION INC 200677815 02 true 49343787 1 49343787 THE ORGANIZATION EXPENDED $49,343,787 PRODUCING CHARITY EVENTS (I.E. GOLF TOURNAMENTS AND CONCERTS), PROVIDING GRANTS, AND ADMINISTRATION IN SUPPORT OF THE TIGER WOODS FOUNDATION, INC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATE 463372 463372 X 49865836 28017 28017 49837819 49837819 49371804 28017 28017 49343787 49343787 FIN 48 FOOTNOTE (ASC 740) SCHEDULE D, PART X, LINE 2 THE FOUNDATION ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. MANAGEMENT ASSERTS THAT NO SUCH UNCERTAIN TAX POSITIONS EXIST REQUIRING ACCRUAL OR DISCLOSURE AT SEPTEMBER 30, 2013 OR 2012. RECONCILIATION TO AUDITED FINANCIAL STATEMENTS PART XI, LINE 2D AND PART XII, LINE 2D GAMING EXPENSE REPORTED NET OF REVENUE ON FORM 990 - $28,017 395505 1850 16851 9316 false 395505 1850 16851 9316 28017 367488 NV false Charity Poker Tournament in conjunction with Tiger Jam 2013 charity fundraising event. gaming was operated through a third party, Mandalay Bay Resort and Casino. false true false 1.00000 GREG T MCLAUGHLIN THRU JUNE 2014 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 true 292500 16851 MANDALAY BAY RESORT AND CASINO 3950 SOUTH Las Vegas Blvd LAS VEGAS NV 89119 false true Tiger Woods Foundation 121 Innovation Drive Suite 150 Irvine CA 92617 200677815 501(C)(3) 2095375 N/A N/A YOUTH DEVELOPMENT World Golf Foundation Inc One World Golf Place St Augustine FL 320922727 592998925 501(C)(3) 150000 N/A N/A GOLF EDUCATION Adat Shalom Reconstructionist Congregation 7727 Persimmon Tree Lane Bethesda MD 20817 521763207 501(C)(3) 13502 n/a n/a religious education Connelly School of the Holy Child 9029 Bradley Blvd Potomac MD 20854 520743609 501(C)(3) 10000 n/a n/a Youth Development 7 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 AS A SECTION 509(a)(3) SUPPORTING ORGANIZATION, THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE EXEMPT 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. For grants to other organizations, the Foundation does require progress reports on select grants once the grant has been made. Also, the Foundation utilizes pre-grant procedures and inquiries to ensure the grantee organization meets the requirements for approved programmatic areas of funding. X X X X false false false false false false false false false EMILY C ANDERSON-TAYLOR 148914 0 38000 0 0 0 7525 0 29409 0 223848 0 0 0 MICHELLE A BEMIS 150078 0 41000 0 11547 0 8106 0 12454 0 223185 0 0 0 DANIEL F CALLAHAN 147282 0 82500 0 5713 0 8178 0 37069 0 280742 0 0 0 JIN C THATCHER 0 148893 0 35000 0 8660 0 7751 0 26381 0 226685 0 0 GREGORY T MCLAUGHLIN 256244 121150 162859 0 29123 0 0 10000 37579 0 485805 131150 0 0 Compensation from Related Organizations: THE PRESIDENT, SECRETARY AND CEO, GREGORY T. MCLAUGHLIN WHO RESIGNED IN JUNE 2014, WAS COMPENSATED THROUGH TIGER WOODS CHARITY EVENT CORPORATION AND A 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 X 1 1700 AUCTION PRICE X 69 101073 AUCTION PRICE X GOLF ACCESSORIES 1 142070 RETAIL PRICE X GOLF & TRAVEL PACKAGES 21 27901 AUCTION PRICE X SPORTS TICKETS 8 30850 AUCTION PRICE X ENTERTAINMENT TICKETS 11 8500 AUCTION PRICE X LUXURY HOUSEHOLD GOODS 1 3552 AUCTION PRICE X CUSTOM GOLF CLUBS 2 3950 AUCTION PRICE X SPIRITS & WINE 11 60150 AUCTION PRICE X ACCESSORIES 8 8300 AUCTION PRICE false true false PART I, COLUMN B THE CORPORATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4 TIGER WOODS INVITATIONAL PRESENTED BY USLI 2012 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. HELD OCT. 16-18, 2012, THE TIGER WOODS INVITATIONAL FEATURED 120 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 REMARKS FROM HOST TIGER WOODS AND EARL WOODS SCHOLAR Grace Lee, WHO SHARED HER STORY AS A FIRST-GENERATION SCHOLAR SUPPORTED BY THE TIGER WOODS FOUNDATION. HOW She TRANSFORMED from a 12-year-old immigrant to a computer scientist at NASA. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS AND THE TIGER WOODS LEARNING CENTERS IN ANAHEIM, CA; PHILADELPHIA, PA; STUART, FL; AND WASHINGTON, DC. NORTHWESTERN MUTUAL WORLD CHALLENGE HELD NOV. 27 - DEC. 2, 2012, THE WORLD CHALLENGE PRESENTED BY NORTHWESTERN MUTUAL TOOK PLACE AT BEAUTIFUL SHERWOOD COUNTRY CLUB IN THOUSAND OAKS, CALIF, AND FEATURED 18 OF THE WORLD'S BEST PGA TOUR GOLFERS. THE 14TH WORLD CHALLENGE PROVED TO BE ONE OF THE MOST EXCITING YET WITH FIERCE COMPETITION, 2O11 DEFENDING CHAMPION TIGER WOODS, 2010 U.S. Open WINNER GRAEME MCDOWELL, 13 OF THE TOP 20 PLAYERS IN THE WORLD AND AN IMPRESSIVE ROSTER OF PLAYERS FROM THE 2012 Ryder Cup. PRIOR TO COMPETITION ROUNDS, THE TOURNAMENT HOSTED A TIGER WOODS FOUNDATION SCHOLAR EDGAR PEREZ, WHO SERVED AS THE KEYNOTE SPEAKER FOR THE WEDNESDAY NIGHT PRO-AM DINNER, IS ATTENDING REED COLLEGE AND MAJORING IN PHYSICS. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS AND THE TIGER WOODS LEARNING CENTERS, INCLUDING THE FLAGSHIP LOCATION IN ANAHEIM, CALIFORNIA, WHICH SENT BUSLOADS OF STUDENTS TO ENJOY THE TOURNAMENT, INCLUDING 18 MEMBERS WHO SERVED AS STANDARD BEARERS DURING THE WEEKEND. TIGER JAM 2013 IN LAS VEGAS POKER IS EVERYWHERE, BUT ONLY AT THE 15TH ANNUAL TIGER JAM COULD GUESTS PLAY THE GAME ALONGSIDE GOLF SUPERSTAR TIGER WOODS, THIRTEEN-TIME WORLD SERIES OF POKER CHAMPION PHIL HELLMUTH, AND POKER LEGENDS DOYLE BRUNSON, PHIL IVEY AND MIKE SEXTON. ON MAY 17, WOODS HOSTED AN EXCLUSIVE NIGHT OF POKER AT MANDALAY BAY RESORT AND CASINO, AS PART OF TIGER JAM, A VIP CONCERT EVENT THAT RAISES FUNDS FOR THE TIGER WOODS FOUNDATION AND ITS FIRST GENERATION SCHOLARS. OTHER NOTABLE GUESTS INCLUDED MARK CUBAN, DON CHEADLE AND CHRIS PAUL. THE FOLLOWING NIGHT, GUESTS MIXED AND MINGLED OVER COCKTAILS AND HORS D'OEUVRES AT THE TIGER JAM RECEPTION, WHICH FEATURED LIVE AND SILENT AUCTIONS. POST RECEPTION, GUESTS MADE THEIR WAY TO MANDALAY BAY EVENTS CENTER AND WERE TREATED TO A ROCK CONCERT OPENED BY UNCLE KRACKER AND HEADLINED BY MULTI-PLATINUM RECORDING ARTIST KID ROCK. FOLLOWING THE SHOW, GUESTS RETURNED TO THE HOUSE OF BLUES FOR AN AFTER-PARTY. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS AND THE TIGER WOODS LEARNING CENTERS IN ANAHEIM, CA, PHILADELPHIA, PA, STUART, FL AND WASHINGTON, DC. AT&T NATIONAL 2013 FROM JUNE 25-30, 2013, THE PREMIER PGA TOUR EVENT WELCOMED 132 PRO GOLFERS TO THE CHAMPIONSHIP COURSE AT CONGRESSIONAL COUNTRY CLUB IN BETHESDA, MD. THE TOURNAMENT WAS DOMINATED BY CHAMPION BILL HAAS WHO CARDED A 12-UNDER 272 TO WIN BY THREE STROKES. THE EVENT ALSO HONORED OUR NATION'S MILITARY BY PROVIDING 30,000 FREE TICKETS, HOSPITALITY, CARE PACKAGES AND THE WE SALUTE OUR HEROES TRIBUTE WALL. NEARLY 500 MEMBERS OF THE MEDIA COVERED THE EVENT, WITH MAJOR OUTLETS FEATURING TWO TIGER WOODS LEARNING CENTER SCHOLARS FROM THE WASHINGTON D.C. CAMPUSES, MARCUS EDWARDS AND ELMU SADALAH. PROCEEDS FROM THE AT&T NATIONAL BENEFIT THE TIGER WOODS FOUNDATION AND ITS FIRST GENERATION SCHOLARS, INCLUDING 25 WASHINGTON, D.C.-AREA EARL WOODS SCHOLARSHIP RECIPIENTS AND TWO TIGER WOODS LEARNING CENTER CAMPUSES IN WARDS 6 & 7. DEUTSCHE BANK CHAMPIONSHIP 2013 THE DEUTSCHE BANK CHAMPIONSHIP, NEW ENGLAND'S PREMIER PGA TOUR PLAYOFF EVENT HELD OVER LABOR DAY WEEKEND AT TPC BOSTON IN NORTON, MASS., WELCOMED THE TOP 100 PLAYERS IN THE WORLD. HELD AUG. 28 - SEPT. 2, THE DEUTSCHE BANK CHAMPIONSHIP IS THE SECOND EVENT OF THE FEDEXCUP PLAYOFFS. HENRIK STENSON OF SWEDEN OVERTOOK THIRD-ROUND LEADER SERGIO GARCIA OF SPAIN WITH FOUR FRONT-NINE BIRDIES AND SCORED A TWO-STROKE VICTORY OVER STEVE STRICKER IN MONDAYS FINAL ROUND. THE WIN ALLOWED STENSON TO EVENTUALLY GO ON TO CLAIM THE FEDEXCUP TITLE JUST TWO WEEKS LATER. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS AND THE TIGER WOODS LEARNING CENTERS IN ANAHEIM, CA, PHILADELPHIA, PA, STUART, FL AND WASHINGTON, DC. IN 2013, THE TIGER WOODS FOUNDATION ALSO WELCOMED FIVE NEW BOSTON-AREA EARL WOODS SCHOLARS SELECTED THROUGH A PARTNERSHIP WITH THE BOSTON RED SOX FOUNDATION. THANKS TO THIS PARTNERSHIP, TWF'S FIRST BOSTON SCHOLAR, VLADIMIR CASSEUS, HAD THE OPPORTUNITY TO SING THE NATIONAL ANTHEM AT HISTORIC FENWAY PARK DURING THE AUGUST 30TH RED SOX GAME, WHILE TWO OF THE NEW BOSTON EARL WOODS SCHOLARS WERE RECOGNIZED IN A PRE-GAME CEREMONY. 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 15 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. ANNUALLY THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION FOR CEO, ANY OFFICER AND ANY KEY EMPLOYEE. INCENTIVE COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR BASED ON THE EMPLOYEE'S PERFORMANCE AGAINST STATED GOALS FOR THAT YEAR. The Committee's written records include the (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); (2) a description of the comparable data relied on by the Committee; (3) 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. 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, Parts IV, Line 12A & XI, 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 in accordance with GAAP. TIGER WOODS FOUNDATION INC 121 INNOVATION DR STE 150 IRVINE CA 92617 200677815 EDUCATION CA 501(C)(3) 2 NA false false true true false false false false false false false false false false true true true true false false