2012-08-15T18:08:41-05:00 2011-09-30 KPMG LLP 355 S Grand Ave Suite 2000 Los Angeles CA 90071 990 2010-10-01 061554474 Tiger Woods Charity Event Corporation TIGE 9497253003 121 Innovation Drive Suite 150 Irvine CA 92617 GREGORY T MCLAUGHLIN 2012-08-14 2139724000 2010 2016-02-24 21:20:13Z GREGORY T MCLAUGHLIN 121 INNOVATION DRIVE STE 150 IRVINE CA 92617 28045442 false X WWW.TIGERWOODSFOUNDATION.ORG X 1999 CA OPERATES CHARITABLE EVENTS TO SUPPORT THE PROGRAMS OF THE TIGER WOODS FOUNDATION, INCLUDING LEARNING CENTERS, A PUBLICLY SUPPORTED ORGANIZATION. 2 1 49 2100 0 0 1391633 1507390 33735789 26523148 36011 8724 0 6180 35163433 28045442 5443547 5869185 0 0 1961533 1969386 0 0 495452 26725262 24554683 34130342 32393254 1033091 -4347812 9885217 8527679 5331586 8321860 4553631 205819 X TO FUNCTION AS A SUPPORTING ORGANIZATION IN FURTHERANCE OF THE CHARITABLE ACTIVITIES, PROGRAMS, AND GOALS OF THE TIGER WOODS FOUNDATION, INC., A PUBLICLY SUPPORTED ORGANIZATION FORMED AND QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. false false 31794582 5869185 26523148 See Schedule O. 31794582 true true false false false false false false false false false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false false true 68 0 true 49 true false false false false false false false false false false X 2 1 false false false false false true false true true false false true true true true true true true true false CA X GREGORY T MCLAUGHLIN 9497253003 121 INNOVATION DRIVE SUITE 150 IRVINE CA 92617 X CHRIS HUBMAN 1.0 X 0 0 0 GREGORY T MCLAUGHLIN 40.0 X X 419037 113420 45441 LINDSAY MCCULLOUGH 40.0 X 72191 0 10176 JIN C THATCHER 1.0 X 0 144771 21788 EMILY C ANDERSON-TAYLOR 40.0 X 159314 0 30891 MICHELLE A BEMIS 40.0 X 169901 0 16266 DANIEL F CALLAHAN 40.0 X 203994 0 33388 1024437 258191 157950 4 false true false HDO PRODUCTIONS 11910 PARKLAWN DRIVE ROCKVILLE MD 20852 TENT RENTALS & SETUP 808528 1 1507390 1507390 PROGRAM SERVICES 900099 26523148 26523148 26523148 8724 8724 0 0 0 0 0 0 MEMBERSHIP REWARDS 900099 6180 6180 6180 28045442 26523148 0 14904 5869185 5869185 0 0 0 401134 284805 20057 96272 0 1266866 938109 56682 272075 60796 43165 3040 14591 137160 97384 6858 32918 103430 77650 4445 21335 0 1750 1242 88 420 65505 51380 2435 11690 0 0 0 169530 167944 273 1313 600028 600028 0 0 188137 187098 179 860 0 0 253840 216936 6363 30541 167713 167483 40 190 0 2687 2340 60 287 0 0 0 60601 44941 2700 12960 PROG EXP: BENEFIT CONCERTS 746273 746273 0 0 PROG EXP: GOLF TOURNAMENTS 22298619 22298619 0 0 32393254 31794582 103220 495452 213785 3973812 9288165 4021181 95364 60002 4215 287903 463328 0 5141 9885217 8527679 164136 873537 750000 5160235 6692848 7215 5475 5331586 8321860 X 4553631 205819 4553631 205819 9885217 8527679 -4347812 X false true true X false X X X false false false TIGER WOODS FOUNDATION INC 061468499 07 true 32393254 1 32393254 THE ORGANIZATION PROVIDED THE FOLLOWING SUPPORT TO ITS SUPPORTED ORGANIZATION, THE TIGER WOODS FOUNDATION, BY SUPPORTING THE TIGER WOODS LEARNING CENTER AND PROVIDING SCHOLARSHIP GRANTS TOTALING $5,869,185 and by providing $26,524,069 FOR THE OPERATION AND SPONSORSHIP OF THE AT&T NATIONAL CHARITY GOLF TOURNAMENT, CHEVRON WORLD CHALLENGE and Tiger Jam. THESE EVENTS WERE HELD TO RAISE FUNDS ON BEHALF OF THE FOUNDATION'S PROGRAMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 5475 5475 28045442 32393254 -4347812 -4347812 28045442 28045442 28045442 32393254 32393254 32393254 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, 2011 OR 2010. true Garrett Williamson Foundation 395 Bishop Hollow Rd Newtown Square PA 19073 231433892 501(C)(3) 12000 0 N/A N/A summer program Marines Fore Scholarship 1706 Weatherstone Drive Paoli PA 19301 233031943 501(C)(3) 11000 0 N/A N/A SCHOLARSHIP Tiger Woods Foundation 121 Innovation Drive Suite 150 Irvine CA 92617 061468499 501(C)(3) 5774583 0 N/A N/A YOUTH DEVELOPMENT World Golf Foundation Inc One World Golf Place St Augustine FL 320922727 592998925 501(C)(3) 50000 0 N/A N/A GOLF EDUCATION 4 0 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 FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE TIGER WOODS FOUNDATION (PROGRAMS SUCH AS LEARNING CENTERS AND SCHOLARSHIPS), WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE BENEFICIARY ORGANIZATION, TRANSFERRING AND MONITORING THAT RESTRICTIONS ARE MET BEFORE RELEASE AND EXPENDITURE OF SUCH FUNDS. 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 138237 0 20000 0 1077 0 6421 0 24470 0 190205 0 0 0 MICHELLE A BEMIS 139131 0 20000 0 10770 0 6797 0 9469 0 186167 0 0 0 DANIEL F CALLAHAN 138609 0 60000 0 5385 0 5809 0 27579 0 237382 0 0 0 JIN C THATCHER 0 124579 0 17500 0 2692 0 5839 0 15949 0 166559 0 0 GREGORY T MCLAUGHLIN 241654 113420 149930 0 27453 0 9800 0 35641 0 464478 113420 0 0 Compensation from Related Organizations The President, SECRETARY and CEO, Gregory T. McLaughlin, is compensated through two related 501(c)(3) organizations - Tiger Woods Foundation and Tiger Woods Charity Event Corporation where he devotes 65 hourS per week. however, in addition to his responsibilities for these two organizations, he also serves as the President, SECRETARY and CEO of Tiger Woods Learning Center Foundation and Tiger Woods Learning Center Foundation-DC, both 501(c)(3) affiliates with 6 hours of service per week. Mr. McLaughlin's total compensation for his services provided to all four 501(c)(3) affiliated public charities was paid as follows: (B)(i) (B)(ii) (B)(iii) (C) (D) Tiger Woods Foundation 113,420 NONE NONE NONE NONE Tiger Woods CEC 241,654 149,930 27,453 9,800 35,641 Tiger Woods LC-OC NONE NONE NONE NONE NONE Tiger Woods LC-DC NONE NONE NONE NONE NONE -------------------------------------------- Total 355,074 149,930 27,453 9,800 35,641 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 or study approval by the board or compensation committee PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4 HOSTED BY TIGER WOODS, THE CHEVRON WORLD CHALLENGE FEATURED AN ELITE 18-MAN FIELD IN A FOUR-DAY TOURNAMENT HELD AT SHERWOOD COUNTRY CLUB IN THOUSAND OAKS, CALIFORNIA. THE TOURNAMENT WORKS TO RAISE AWARENESS FOR ITS NOT-FOR-PROFIT PARTNERS INCLUDING THE TIGER WOODS FOUNDATION AND OTHER LOCAL CHARITIES. THE TIGER JAM WELCOMED John Mayer and Keith Urban TO THE MANDALAY BAY EVENTS CENTER IN LAS VEGAS. THE CONCERT EVENT AND ACCOMPANYING EVENTS RAISED FUNDS FOR THE COLLEGE-ACCESS PROGRAMS OF THE TIGER WOODS FOUNDATION. THE EVENT BEGAN WITH A GOLF OUTING AND EXHIBITION BY TIGER WOODS FOLLOWED BY A GOURMET DINNER, LIVE AND SILENT AUCTIONS AND CONCLUDED WITH THE ARTISTS CONCERT. THE AT&T NATIONAL HAD 120 PGA TOUR PROFESSIONALS COMPETING AT Aronimink Country Club in Philadelphia. THE EVENT PAID TRIBUTE TO THE U.S. MILITARY AND ALSO RAISED FUNDS FOR THE COLLEGE-ACCESS PROGRAMS OF THE TIGER WOODS FOUNDATION, Tiger Woods Learning Center in PA, and other local charities. The Deutsche Bank Championship was a premier PGA TOUR event held over Labor Day weekend at the TPC Boston in Norton, Mass. It raised funds for the Tiger Woods Foundation and New England-area charities. The event featured the top PGA TOUR golfers as they competed in the PGA TOUR Playoffs for the FedEx Cup first prize. 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. ON NOVEMBER 29, 2010 THE COMPENSATION COMMITTEE VOTED TO APPROVE THE CEO COMPENSATION FOR THE 2011 CALENDAR 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. 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 according to GAAP. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GREGORY T MCLAUGHLIN TITLE:PRESIDENT/SECRETARY/CEO HOURS:31 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LINDSAY MCCULLOUGH TITLE:ASSISTANT SECRETARY HOURS:27 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JIN C. THATCHER TITLE:TREASURER HOURS:42 TIGER WOODS FOUNDATION INC 121 INNOVATION DR STE 150 IRVINE CA 92617 061468499 YOUTH PROGRAM CA 501(C)(3) 7 NA TIGER WOODS LEARNING CENTER FOUNDATION 1 TIGER WOODS WAY ANAHEIM CA 92801 200677815 EDUCATION CA 501(C)(3) 2 NA TIGER WOODS LEARNING CTR FOUNDATION-DC 709 12th street SE washington DC 20003 261175108 EDUCATION DC 501(C)(3) 2 NA false true false false false false false false false false false false true false true true false false