TIGER WOODS FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TIGER WOODS FOUNDATION INC (EIN 20-0677815)
- Tax period
- 2011-10-01 to 2012-09-30
- Filed
- 2013-08-15
- IRS object ID
- 201332279349304228
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-15T17:23:40-05:00 | Timestamp |
| Tax Period End Date | 2012-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 355 S Grand Ave Suite 2000 | AddressLine1 |
| City | Los Angeles | City |
| State | CA | State |
| ZIP Code | 90071 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200677815 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIGER WOODS FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % GREGORY T MCLAUGHLIN | InCareOfName |
| Name Control | TIGE | NameControl |
| Phone | 9497253003 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 TIGER WOODS WAY | AddressLine1 |
| City | ANAHEIM | City |
| State | CA | State |
| ZIP Code | 92801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GREGORY MCLAUGHLIN | Name |
| Title | CEO | Title |
| Date Signed | 2013-08-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2139724000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GREGORY T MCLAUGHLIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 121 INNOVATION DR SUITE 150 | AddressLine1 |
| City | IRVINE | City |
| State | CA | State |
| ZIP Code | 92617 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 32080301 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.tigerwoodsfoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | Tiger Woods Foundation, a non-profit public benefit corporation, operates school facilities that provide educational opportunities for youth.(Activities are specific to 10/1/11 to 9/30/12) | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 62 | TotalNbrEmployees |
| Total Nbr Volunteers | 63 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 2833512 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4505376 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 111150 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1867885 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1657539 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 317794 | OtherRevenuePriorYear |
| Other Revenue Current Year | 28973 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5019191 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6303038 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 200 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 467190 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1668661 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3443877 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 557442 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2353332 | OtherExpensePriorYear |
| Other Expenses Current Year | 4643332 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4022193 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8554399 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 996998 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2251361 | RevenuesLessExpensesCY |
| Total Assets BOY | 91223866 | TotalAssetsBOY |
| Total Assets EOY | 109463341 | TotalAssetsEOY |
| Total Liabilities BOY | 15607564 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14360217 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 75616302 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 95103124 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | AT THE TIGER WOODS FOUNDATION ("TWF"), WE BELIEVE EVERY CHILD DESERVES THE OPPORTUNITY TO ATTEND COLLEGE. DESIGNED TO BREAK THROUGH A CULTURE OF LOW EXPECTATIONS, TWF'S COLLEGE-ACCESS PROGRAMS REACH UNDERSERVED YOUTH IN ALL STAGES OF ACADEMIC LIFE. SEE SCHEDULE O. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 3371254 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | SEE SCHEDULE O. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 559037 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | SEE SCHEDULE O. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 179984 | Expense |
| Grants | 179984 | Grants |
| Revenue | 0 | Revenue |
| Description | SEE SCHEDULE O. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2760607 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 287206 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 111150 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 6870882 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 33 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 62 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GREGORY T MCLAUGHLIN | NamePerson |
| Telephone Number | 9497253003 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 121 INNOVATION DRIVE SUITE 150 | AddressLine1 |
| City | IRVINE | City |
| State | CA | State |
| ZIP Code | 92617 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| GREGORY T MCLAUGHLIN | |||||||
| PRESIDENT/SECRETARY/CEO | 20.0 | X | X | 118875 | 391068 | 40784 | |
| MICHAEL D MCKEE | |||||||
| CHAIRMAN | 1.0 | X | X | ||||
| RICHARD BAILY | |||||||
| DIRECTOR | 1.0 | X | |||||
| SANDRA BARRY | |||||||
| DIRECTOR | 1.0 | X | |||||
| MARIAN BERGESON | |||||||
| DIRECTOR | 1.0 | X | |||||
| RAJ S BHATHAL | |||||||
| DIRECTOR | 1.0 | X | |||||
| ANDY BIELANSKI | |||||||
| DIRECTOR | 1.0 | X | |||||
| AVERY BROWN | |||||||
| DIRECTOR | 1.0 | X | |||||
| RONALD CONWAY | |||||||
| DIRECTOR | 1.0 | X | |||||
| MICHAEL V DRAKE | |||||||
| DIRECTOR | 1.0 | X | |||||
| DALE L DYKEMA | |||||||
| DIRECTOR | 1.0 | X | |||||
| KARINA HAMILTON | |||||||
| DIRECTOR | 1.0 | X | |||||
| PAUL HEGNESS | |||||||
| Director | 1.0 | X | |||||
| CHRISTOPHER J HUBMAN | |||||||
| DIRECTOR | 1.0 | X | |||||
| MICHAEL P JOHNSON | |||||||
| DIRECTOR | 1.0 | X | |||||
| SHEILA C JOHNSON | |||||||
| DIRECTOR | 1.0 | X | |||||
| GREG JONES | |||||||
| DIRECTOR | 1.0 | X | |||||
| DENNIS KUHL | |||||||
| DIRECTOR | 1.0 | X | |||||
| ROB LIGHT | |||||||
| DIRECTOR | 1.0 | X | |||||
| JERRY E MANDEL | |||||||
| DIRECTOR | 1.0 | X | |||||
| JERRY MATTES | |||||||
| DIRECTOR | 1.0 | X | |||||
| TIM J RYAN | |||||||
| DIRECTOR | 1.0 | X | |||||
| LAURA SANFORD | |||||||
| DIRECTOR | 1.0 | X | |||||
| MARK STEINBERG | |||||||
| DIRECTOR | 1.0 | X | |||||
| TOM TAIT | |||||||
| DIRECTOR | 1.0 | X | |||||
| TODD C THEODORA | |||||||
| director | 1.0 | X | |||||
| LEO TUCKER | |||||||
| DIRECTOR | 1.0 | X | |||||
| PETER V UEBERROTH | |||||||
| DIRECTOR | 1.0 | X | |||||
| BOB WALTOS | |||||||
| DIRECTOR | 1.0 | X | |||||
| RAY WILKINS | |||||||
| DIRECTOR | 1.0 | X | |||||
| KUTILDA WOODS | |||||||
| director | 1.0 | X | |||||
| KATHERINE BIHR | |||||||
| EXECUTIVE DIRECTOR | 40.0 | X | 171800 | 13573 | |||
| JIN C THATCHER | |||||||
| TREASURER | 49.0 | X | 165890 | 26469 | |||
| LINDSAY MCCULLOUGH | |||||||
| ASSISTANT SECRETARY(thru 2/12) | 1.0 | X | 66950 | 23282 | |||
| MICHELLE S KIM | |||||||
| DIR. OF STRATEGIC PARTNERS | 40.0 | 110548 | 6421 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 567113 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 458018 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 110529 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE IRVINE COMPANY | |||||
| DEPARTMENT 1215 | LOS ANGELES | CA | 900841215 | RENT | 208429 |
| MLB ADVANCED MEDIA LP | |||||
| PO BOX 417171 | BOSTON | MD | 022417171 | WEBSITE/MEDIA SVC | 200000 |
| ALGONQUIN ADVISORS LLC | |||||
| 2 GREENWICH OFFICE PARK 2ND FLOOR | GREENWICH | CT | 06831 | INVESTMENT MANAGER | 174638 |
| KPMG LLP | |||||
| PO BOX 120001 | DALLAS | TX | 753120939 | ACCOUNTING/TAX | 130603 |
| ESIX 3 LLC | |||||
| 5660 NEW NORTHSIDE DR SUITE 640 | ATLANTA | GA | 30328 | INSURANCE | 121085 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Federated Campaigns | 37358 | FederatedCampaigns |
| Related Organizations | 1525000 | RelatedOrganizations |
| All Other Contributions | 2943018 | AllOtherContributions |
| Noncash Contributions | 52171 | NoncashContributions |
| Total Contributions | 4505376 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SUMMER ACADEMY FEES | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 111150 | TotalRevenueColumn |
| Related Or Exempt Function Income | 111150 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 111150 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2792134 | TotalRevenueColumn |
| Exclusion | $2,792,134 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24642668 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25777263 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1134595 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1134595 | TotalRevenueColumn |
| Exclusion | -$1,134,595 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| REGISTRATION/ID CARDS | 900099 | 21930 | $21,930 |
| VENDING MACHINE | 900099 | 2653 | $2,653 |
| MEMBERSHIP REWARDS | 900099 | 1842 | $1,842 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2548 | TotalRevenueColumn |
| Exclusion | $2,548 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 28973 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6303038 | TotalRevenueColumn |
| Related Or Exempt Function Income | 111150 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,686,512 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 279683 | Total |
| Program Services | 279683 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187507 | Total |
| Program Services | 187507 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 695719 | Total |
| Program Services | 416589 | ProgramServices |
| Management And General | 127532 | ManagementAndGeneral |
| Fundraising | 151598 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2029312 | Total |
| Program Services | 1747875 | ProgramServices |
| Management And General | 128996 | ManagementAndGeneral |
| Fundraising | 152441 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88833 | Total |
| Program Services | 70309 | ProgramServices |
| Management And General | 8175 | ManagementAndGeneral |
| Fundraising | 10349 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 407099 | Total |
| Program Services | 328945 | ProgramServices |
| Management And General | 33344 | ManagementAndGeneral |
| Fundraising | 44810 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222914 | Total |
| Program Services | 180837 | ProgramServices |
| Management And General | 19151 | ManagementAndGeneral |
| Fundraising | 22926 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92022 | Total |
| Program Services | 32233 | ProgramServices |
| Management And General | 54022 | ManagementAndGeneral |
| Fundraising | 5767 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254777 | Total |
| Program Services | 35642 | ProgramServices |
| Management And General | 212802 | ManagementAndGeneral |
| Fundraising | 6333 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275312 | Total |
| Management And General | 275312 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78528 | Total |
| Program Services | 59915 | ProgramServices |
| Management And General | 7816 | ManagementAndGeneral |
| Fundraising | 10797 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170764 | Total |
| Program Services | 134254 | ProgramServices |
| Management And General | 12654 | ManagementAndGeneral |
| Fundraising | 23856 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189432 | Total |
| Program Services | 150272 | ProgramServices |
| Management And General | 21211 | ManagementAndGeneral |
| Fundraising | 17949 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 325294 | Total |
| Program Services | 242679 | ProgramServices |
| Management And General | 46901 | ManagementAndGeneral |
| Fundraising | 35714 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 513651 | Total |
| Program Services | 475218 | ProgramServices |
| Management And General | 14009 | ManagementAndGeneral |
| Fundraising | 24424 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191886 | Total |
| Program Services | 144538 | ProgramServices |
| Management And General | 25897 | ManagementAndGeneral |
| Fundraising | 21451 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124610 | Total |
| Program Services | 98919 | ProgramServices |
| Management And General | 8999 | ManagementAndGeneral |
| Fundraising | 16692 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 514907 | Total |
| Program Services | 509758 | ProgramServices |
| Management And General | 5149 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1185691 | Total |
| Program Services | 1069036 | ProgramServices |
| Management And General | 116655 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164759 | Total |
| Program Services | 145991 | ProgramServices |
| Management And General | 7032 | ManagementAndGeneral |
| Fundraising | 11736 | Fundraising |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROGRAM EXPENSES | 557305 | 557305 | ||
| TAXES AND FEES | 4394 | 3377 | 418 | 599 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8554399 | Total |
| Program Services | 6870882 | ProgramServices |
| Management And General | 1126075 | ManagementAndGeneral |
| Fundraising | 557442 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1677 | BOY |
| EOY | 1495 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12827475 | BOY |
| EOY | 12649665 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1935838 | BOY |
| EOY | 7621871 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 510 | BOY |
| EOY | 486 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 320333 | BOY |
| EOY | 85776 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 18807061 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6905175 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12112633 | BOY |
| EOY | 11901886 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35779885 | BOY |
| EOY | 44683505 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26656327 | BOY |
| EOY | 30458936 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1589188 | BOY |
| EOY | 2059721 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91223866 | BOY |
| EOY | 109463341 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271379 | BOY |
| EOY | 368597 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1051793 | BOY |
| EOY | 7500 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10775000 | BOY |
| EOY | 10775000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3509392 | BOY |
| EOY | 3209120 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15607564 | BOY |
| EOY | 14360217 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47635302 | BOY |
| EOY | 76733124 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27981000 | BOY |
| EOY | 18370000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75616302 | BOY |
| EOY | 95103124 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91223866 | BOY |
| EOY | 109463341 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2251361 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 21738183 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11551230 | OtherCostOrOtherBasis |
| Depreciation | 1961045 | Depreciation |
| Book Value | 9590185 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2556939 | OtherCostOrOtherBasis |
| Depreciation | 1029712 | Depreciation |
| Book Value | 1527227 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3177459 | OtherCostOrOtherBasis |
| Depreciation | 2594202 | Depreciation |
| Book Value | 583257 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1521433 | OtherCostOrOtherBasis |
| Depreciation | 1320216 | Depreciation |
| Book Value | 201217 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11901886 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FUND - ALGONQUIN CREDIT | 8640735 | F |
| FUND - BLUE ORCHID | 5482209 | F |
| FUND - GLOBAL EQUITY | 9437484 | F |
| FUND - ALGONQUIN FUND | 6830260 | F |
| FUND - TUDOR BVI | 68248 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 30458936 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP | $2,963,008 |
| DUE TO AFFILITIES | $246,112 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3209120 | TotalOfAmounts |
| Total Revenue | 6303038 | TotalRevenue |
| Total Expenses | 8554399 | TotalExpenses |
| Excess Or Deficit For Year | -2251361 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 6548287 | NetUnrealizedGLOnInvestments |
| Other | -$213,757 | OtherAmount |
| Total Adjustments | 6334530 | TotalAdjustments |
| Excess Or Deficit Per FS | 4083169 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12636764 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 6548287 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 27030 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 6575317 | RevenueNotRptdF990 |
| Revenue Subtotal | 6061447 | RevenueSubtotal |
| Other Revenues Not Included | 241591 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 241591 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6303038 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8553596 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 27030 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 27030 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8526566 | ExpensesSubtotal |
| Other Expenses Not Included | 27833 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 27833 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8554399 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 PROVISION 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 31, 2012 OR 2011. |
| RECONCILIATION OF CHANGE IN NET ASSETS | SCHEDULE D, PART XI, LINE 8 | UNREALIZED LOSS ON INTEREST RATE SWAP $ 213,757 REVENUE INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XIII, LINE 4B UNREALIZED LOSS ON INTEREST RATE SWAP $ 213,757 MISC revenue REPORTED NETted against EXPENSES ON FINANCIAL STATEMENTS $ 27,833 ------------- TOTAL $ 241,591 |
| EXPENSES INCLUDED ON FORM 990, NOT ON AUDITED FINANCIAL STATEMENTS | SCHEDULE D, PART XIII, LINE 4B | MISC revenue REPORTED NETted against EXPENSES ON FINANCIAL STATEMENTS $ 27,833 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE E, PART I, LINE 3 | Identifier |
| Explanation | THE TIGER WOODS FOUNDATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL STUDENT APPLICATION FORMS AND THE ORGANIZATION'S WEBSITE. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (13 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|
| Big Brothers & Big Sisters | |||||||||
| 10210 Greenbelt Road Suite 900 | Lanham | MD | 20706 | 530190849 | 501(c)(3) | 10000 | n/a | n/a | youth development |
| Bill Dickey Scholarship Association | |||||||||
| T1140 East Washington Street Suite | Phoenix | AZ | 85034 | 942933804 | 501(c)(3) | 7500 | n/a | n/a | assist students with educational costs |
| Cabin John Volunteer Fire Department | |||||||||
| 9404 Falls Road | Potomac | MD | 20854 | 520707953 | 501(c)(3) | 10000 | n/a | n/a | fire & rescue services |
| Good Shepherd Ministries | |||||||||
| PO Box 11909 | San Bernardino | CA | 92423 | 330469882 | 501(c)(3) | 10000 | n/a | n/a | support religious education |
| Kinney Center for Autism Ed & Support | |||||||||
| 5600 City Avenue | Philadelphia | PA | 19315 | 231352674 | 501(c)(3) | 25000 | n/a | n/a | support autism awareness |
| Little Smiles Philadelphia | |||||||||
| 726 Garden Drive | Kennett Square | PA | 19348 | 650963754 | 501(c)(3) | 25000 | n/a | n/a | support sick children |
| Naval Postgraduate School Foundation | |||||||||
| PO Box 8626 | Monterey | CA | 93943 | 237098729 | 501(C)(3) | 25000 | n/a | n/a | foster naval education |
| NCAA Men's Golf Championship | |||||||||
| 3501 Watt Way Heritage Hall Suite | Los Angeles | CA | 900890602 | 440567264 | 501(c)(3) | 12000 | n/a | n/a | YOUTH DEVELOPMENT |
| universty of california irvine | |||||||||
| 420 SOCIAL SCIENCE TOWER | IRVINE | CA | 92697 | 952540117 | 501(C)(3) | 15000 | n/a | n/a | SAGE SCHOLARS PROGRAM |
| Sbonelo Scholarship Foundation | |||||||||
| 5605 Carnegie Blvd Suite 110 | Charlotte | NC | 28209 | 261822173 | 501(C)(3) | 10000 | n/a | n/a | SCHOLARSHIPS |
| The Club Foundation | |||||||||
| 8500 River Road | Bethesda | MD | 20817 | 521642692 | 501(c)(3) | 25000 | n/a | n/a | general support |
| The Red Sox Foundation | |||||||||
| 4 Yawkey Way | Boston | MA | 02215 | 331007984 | 501(c)(3) | 75000 | n/a | n/a | COMMUNITY SUPPORT |
| Yellow Ribbon Fund | |||||||||
| 10415 Armory Avenue | Kensington | MD | 20895 | 364567583 | 501(c)(3) | 10000 | n/a | n/a | support injured service members |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 13 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS TO UNIVERSITY STUDENTS | TypeOfGrant |
| Number Of Recipients | 47 | NumberOfRecipients |
| Amount Of Cash Grant | 187507 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | n/a | MethodOfValuation |
| Description Of Non Cash Assistance | n/a | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANT MONITORING PROCEDURES | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | Due to the size of grants made to unrelated charitable organizations, generally under $25,000, the Foundation does not require progress reports on select organizations. The Foundation relies on pre-grant procedures and inquiries to ensure the grantee organization meets the requirements for approved programmatic areas of funding. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY T MCLAUGHLIN | ||||||||||
| 118875 | 252396 | 111320 | 27352 | 9800 | 30984 | 128675 | 422052 | |||
| KATHERINE BIHR | ||||||||||
| 145600 | 6612 | 185373 | 15000 | 11200 | 6961 | |||||
| JIN C THATCHER | ||||||||||
| 145600 | 7428 | 192359 | 15750 | 4540 | 19041 | |||||
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Compensation from Related Organizations | Identifier |
| Explanation | THE PRESIDENT, SECRETARY AND CEO, GREGORY T. MCLAUGHLIN, IS COMPENSATED THROUGH TIGER WOODS FOUNDATION, INC., AND A RELATED 501(C)(3) ORGANIZATION, TIGER WOODS CHARITY EVENT CORPORATION, WHERE HE DEVOTES A COMBINED TOTAL OF 65 HOURS. IN CONJUNCTION WITH HIS DUTIES AS PRESIDENT AND CEO OF THE TIGER WOODS FOUNDATION, HE OVERSEES ALL FIVE TIGER WOODS LEARNING CENTERS AND ALL THE NATIONAL SCHOLARSHIP PROGRAMS. MR. MCLAUGHLIN'S TOTAL COMPENSATION FOR HIS SERVICES PROVIDED TO THE TWO 501(C)(3) AFFILIATED PUBLIC CHARITIES WAS PAID AS FOLLOWS: (B)(I) (B)(II) (B)(III) (C) (D) TIGER WOODS FOUNDATION 118,875 NONE NONE 9,800 NONE TIGER WOODS CEC 252,396 111,320 27,352 NONE 30,984 --------------------------------------- TOTAL 371,271 111,320 27,352 9,800 30,984 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 680164610 | IssuerEIN |
| CUSIP Number | 1309114R8 | CUSIPNumber |
| Date Issued | 2006-08-10 | DateIssued |
| Issue Price | 10775000 | IssuePrice |
| Description Of Purpose | BUILD TIGER WOODS LEARNING CENTER | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 10775000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 29050 | IssuanceCostsFromProceeds |
| Credit Enhancement | 55509 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 10690441 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2006 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | bank of america | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 15. | TermOfHedge |
| Superintegrated Hedge | false | SuperintegratedHedge |
| Hedge Terminated | false | HedgeTerminated |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART VI, LINE 3 | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | RATE SUBSTANTIALLY FIXED AT 3.54% THROUGH 10/02/2026. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 27413 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty | |
| Securities Publicly Traded | SecuritiesPubliclyTraded | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | golf clubs and balls | 9 | 12623 | RETAIL PRICE |
| X | duffle bags | 1 | 7380 | retail price |
| X | science kit | 1 | 4755 | retail price |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Number of Contributions | Identifier |
| Return Reference | Schedule M, Part I, Column B | ReturnReference |
| Explanation | For part I, column B, the foundation is reporting the number of contributions received. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1, continued | THE GROUNDBREAKING TIGER WOODS LEARNING CENTER("TWLC") IN ORANGE COUNTY, CA; WASHINGTON, D.C.; PHILADELPHIA, PA; AND STUART, FL; AND THE EARL WOODS SCHOLARSHIP PROGRAM PROVIDES A WEALTH OF EDUCATIONAL OPPORTUNITIES TO YOUNG PEOPLE NATIONWIDE. TWLC'S OPERATE SCHOOL FACILITIES THAT MAINTAIN REGULAR FACULTY, CURRICULUM, AND HAVE A REGULARLY ENROLLED STUDENT BODY OF STUDENTS IN ATTENDANCE, WITHIN THE MEANING OF SECTION 170(B)(1)(A)(II) OF THE CODE. PROGRAM SERVICE ACTIVITIES FORM 990, PART III, LINE 4A TWLC-FLAGSHIP (ORANGE COUNTY, CA): CREATED IN 2002, THE TIGER WOODS LEARNING CENTER (TWLC) HAS PROVIDED ONE-OF-A-KIND, HANDS-ON ENRICHMENT PROGRAMS FOR YOUTH. THE UNIQUE LEARNING ENVIRONMENT AT THE TWLC WAS INSPIRED BY THE VISION OF TIGER WOODS TO PROVIDE YOUNG PEOPLE WITH A SAFE PLACE TO LEARN; OPPORTUNITIES TO IDENTIFY THEIR INTERESTS; RECOGNIZE THEIR POTENTIAL; AND CREATE POSITIVE CHANGE. The program philosophy is based on: positive youth development and high-quality education. Building on these tenets, the Tiger Woods Learning Center has integrated research on what young people need to become healthy and thriving adults. the program supports 5,000-7,500 unique students per year. CURRICULUM OFFERED: - Career Orientation Program : Elementary School - Week-long student/teacher enrichment during school day. Student curriculum focused on Forensic Science/Marine Science. Teacher Professional Development - Standards-based Science and Technology integration. - Career Exploration Program: Middle/High School after-school enrichment: 40 STEM focused modules. Examples include: biotechnology, engineering, robotics, video production, video game design, nutrition/fitness, entrepreneurship, aerospace. FORM 990, PART III, LINE 4B TWLC-EXPANSION: IN 2008, THE TIGER WOODS FOUNDATION LAUNCHED ITS FIRST EXPANSION TWLC CAMPUS IN WASHINGTON, DC IN PARTNERSHIP WITH A LOCAL CHARTER SCHOOL. TWO ADDITIONAL CAMPUSES WERE ADDED IN PHILADELPHIA, PA AND STUART, FL THE FOLLOWING YEAR TO PROVIDE YOUTH WITH AUTHENTIC LEARNING EXPERIENCES IN ONE OR MORE TWLC SIGNATURE PROGRAMS FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) CAREER EXPLORATION AND COLLEGE PREPARATION. TWLC Campus students have access to state-of-the-art technology and learn how to use tools vital to workplace productivity in the 21st century. All expansion locations are supported with training, curriculum materials, resource support and funding. CAMPUS MODEL 1 - WASHINGTON, DC - CESAR CHAVEZ CHARTER SCHOOL TWLC maintains two DC locations in partnership with the Cesar Chavez Public Charter School for Public Policy. Patterned after the TWLC flagship, the Campus Model 1 is provided dedicated space at two Chavez schools, one on Capitol Hill (grades 9-12) and the other in the Kenilworth neighborhood (grades 6-8 and 9-12). TWF staff serves over 1,000 students annually in onsite and outreach programs where students can earn high school credit CURRICULUM OFFERED: - Capitol Hill: High School Students - After School enrichment: Communications and Filmmaking; School Day Elective Course: Robotics and Youth Teach2Learn - Parkside: Middle School Students - After School enrichment: Going Green in Science and Engineering; FIRST Lego League Robotics Club; and School Day Elective Course: High School Robotics - Pre-College Bootcamp - one day workshop offered to all high school seniors - STEM Career Conference - Saturday hands-on workshop for middle/high school students from the DC Metro area. Specific focus on career exploration for students and college preparation for families. - Summer Day Classes: Open to students throughout DC Metro area - one-week content intensive workshops. Examples include: TWLC curriculum in Forensic Science, Marine Life, Rocketry, Video Production. CAMPUS MODEL 2 - PHILADELPHIA, PA; STUART, FL A second expansion model involves TWF providing funding and program resources to local schools and/or community based organizations assisting with the set-up of a TWLC-branded environment within one classroom or designated space. Funding covers curriculum, facility infrastructure and supports ongoing professional development and evaluation. Key components to identifying an academic partner include: research on local demographics, school performance on state/national assessments, and a shared commitment to developing a collaborative relationship where both TWF and the local entity can learn and grow together. In this model site-based staff administers the program while TWF program staff provides both consultation and external support to ensure fidelity of implementation. STUART, FL - MURRAY MIDDLE SCHOOL Offered as an after-school program, teachers at Murray Middle School have delivered TWF Forensic Science and Universal Science to their students. In addition, school staff has been trained in positive youth development methods and have integrated activities into their advisory classes at all grade levels. PHILADELPHIA, PA - KIPP - DuBois Collegiate Preparatory Academy Teachers at KIPP - DCA report that their high school students are excited by the opportunity to do hands-on activities like dissection, rocket design and crime scene investigation. Delivered as a for-credit class, students participate in a semester long elective where they are able to spend more time exploring scientific concepts. FORM 990, PART III, LINE 4C EARL WOODS SCHOLARSHIP PROGRAM In celebration of Tiger's father Earl and his lifelong dedication to helping young people achieve their dreams, the Tiger Woods Foundation (TWF) created the Earl Woods Scholarship Program (EWSP). More than 77 scholars are matriculating through the program. Scholars are annually awarded a four-year renewable scholarship up to $20,000 for the term. To qualify, students must demonstrate outstanding academic achievement, financial need and a commitment to community. Funding tuition is just one of the many hurdles facing first-generation college students. Many are leaving home for the first time, attempting to juggle work and class while scraping together enough money for books and other supplies. Virtually 90% of our scholars are first-generation college students, navigating through college on their own. EWSP is an incredible support network that includes admissions counseling, dedicated mentors, specialized internships, financial assistance and professional workshops for each scholar accepted into the program. Workshops include resume-writing, mock interviews, information about graduate school and beginning the career search. It is important to underscore that Scholars receive TWF financial assistance for tuition, books, and travel home as well as for TWF workshops and winter clothing. Another aspect of the EWSP are pre-college workshops designed to get young people to understand that it is not too early to start thinking about college and the benefits of a college education. The workshops are designed to help students finish high school prepared for postsecondary education and with a clear idea on how to best approach the application process and secure financial aid. The program also engages parents with information regarding the process their students are going through during middle and high school, and how to be advocates for their students' educational success. This college access program is offered for free to students and their families who are interested in higher education and helps inform them of its importance and affordability. FORM 990, PART III, LINE 4D OTHER PROGRAMS TWLC offers various community outreach programs, including town hall meetings, guest speakers, and college preparation workshops for families and students throughout southern California. College Access Programs include: For Middle/High School students and families, the TWF offers workshops on navigating the college application process and financial aid; college admissions interviews and information sessions for top universities nationwide (Brown, Harvard, Yale, Georgetown, Franklin & Marshall, Reed and more); and a pre-college bootcamp for high school seniors. STEM Career Conference - Saturday hands-on workshop for middle/high school students from the DC Metro area with a specific focus on career exploration for students and college preparation for families. Summer Classes: Six one-week classes at the TWLC-OC and TWLC-DC elementary/middle/high school; Summer Academy residential program focused on STEM and golf for children from military families. Golf Outreach: TWLC-OC hosts weekly clinics each Saturday at the TWLC golf facility. The mobile golf program takes the TWLC golf program on the road to local elementary schools. Offered to orange county students in grades 5-6, this three-phase program emphasizes the fundamentals of putting, pitching and the full swing. |
| 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 THAT 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, 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); 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. |
| DOCUMENTS AVAILABLE TO THE PUBLIC | 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. |
| RECONCILIATION OF NET ASSETS | FORM 990, PART XI, LINE 5 | UNREALIZED LOSSES ON INVESTMENTS $ 6,548,287 UNREALIZED LOSSES ON INTEREST RATE SWAP (213,757) TWLCF-DC LLC Assets Transferred 15,403,653 ---------------- TOTAL $ 21,738,183 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:GREGORY T MCLAUGHLIN TITLE:PRESIDENT/SECRETARY/CEO HOURS:45 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:JIN C. THATCHER TITLE:TREASURER HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:LINDSAY MCCULLOUGH TITLE:ASSISTANT SECRETARY(thru 2/12) HOURS:40 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIGER WOODS LEARNING CENTER DC CAMPUSES | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 121 INNOVATION DR SUITE 150 | AddressLine1 |
| City | IRVINE | City |
| State | CA | State |
| ZIP Code | 92617 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453467705 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | DC | LegalDomicileState |
| Total Income | 278095 | TotalIncome |
| EOY Assets | 7390352 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWF | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIGER WOODS CHARITY EVENT CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 121 INNOVATION DR SUITE 150 | AddressLine1 |
| City | IRVINE | City |
| State | CA | State |
| ZIP Code | 92617 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061554474 | EIN |
| Primary Activities | Fundraising | PrimaryActivities |
| Legal Domicile State | CA | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWF | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | true | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIGER WOODS CHARITY EVENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | c | TransactionType |
| Amount Involved | 1525000 | AmountInvolved |
| Method Of Amt Determination | see part vii | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TRANSACTIONS WITH RELATED ORGANIZATIONS | Identifier |
| Return Reference | SCHEDULE R, PART V, LINE 2, COLUMN (C) | ReturnReference |
| Explanation | GRANT RECEIVED (C): THE GRANT FROM THE TIGER WOODS CHARITY EVENT CORPORATION WAS DETERMINED BASED ON THE RECIPIENT CHARITABLE ORGANIZATION'S OPERATIONAL NEEDS AND WAS APPROVED BY THE FOUNDATION'S BOARD DURING THE ANNUAL BUDGETING PROCESS FOR 2011-2012. | Explanation |