2011-08-15T19:24:24-05:00 2010-09-30 KPMG LLP 355 S Grand Ave Suite 2000 Los Angeles CA 90071 990 2009-10-01 061554474 Tiger Woods Charity Event Corporation TIGE 9497253003 121 Innovation Drive Suite 150 Irvine CA 92617 GREGORY T MCLAUGHLIN 2011-08-15 2139724000 2009 2016-02-24 21:20:13Z GREGORY T MCLAUGHLIN 121 INNOVATION DRIVE STE 150 IRVINE CA 92617 35163433 false X WWW.TIGERWOODSFOUNDATION.ORG X 1999 CA OPERATES CHARITABLE GOLF TOURNAMENTS AND CHARITABLE EVENTS TO SUPPORT THE PROGRAMS OF, THE TIGER WOODS FOUNDATION, A PUBLICLY SUPPORTED ORGANIZATION. 1 1 16 1762 0 0 1353223 1391633 34874162 33735789 135741 36011 0 0 36363126 35163433 7963600 5443547 0 0 1766330 1961533 0 0 496317 28078861 26725262 37808791 34130342 -1445665 1033091 16853741 9885217 13333202 5331586 3520539 4553631 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 33386972 5443547 33735789 See Schedule O. 33386972 true true false false false false false false false 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 true 120 0 true 16 true false false false false false false false false false 1 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 CHRIS HUBMAN 1.0 X 0 0 0 GREGORY T MCLAUGHLIN 40.0 X 420243 110031 37159 LINDSAY MCCULLOUGH 40.0 X 70849 0 11313 JIN C THATCHER 1.0 X 0 141445 25631 EMILY C ANDERSON-TAYLOR 40.0 X 142132 0 37489 MICHELLE A BEMIS 40.0 X 146872 0 15842 DANIEL F CALLAHAN 40.0 X 215718 0 41628 995814 251476 169062 0 false true false HAWORTH MARKETING MEDIA COMPANY 2304 MOMENTUM PLACE CHICAGO IL 60689 Mktg & Advertising 828452 HDO PRODUCTIONS 11910 PARKLAWN DRIVE ROCKVILLE MD 20852 TENT RENTALS & SETUP 529429 TOTAL TRANSPORTATION MANAGEMENT SER 17810 MEETINGHOUSE ROAD SUITE 200 SANDY SPRINGS MD 20860 SHUTTLE SERVICES 520257 RIDGEWELLS 5525 DORSEY LAND BETHESDA MD 20816 CATERING SERVICES 429811 ANDREWS INTERNATIONAL INC PO BOX 51018 LOS ANGELES CA 90074 SECURITY 248022 5 1391633 6459 1391633 PROGRAM SERVICES 900099 33735789 33735789 33735789 36011 0 0 36011 0 0 0 0 0 0 0 35163433 33735789 0 36011 5443547 5443547 0 0 0 405424 283797 24325 97302 0 1198234 868710 65906 263618 36159 25311 2170 8678 223653 156557 13419 53677 98063 70596 5493 21974 0 86765 0 86765 0 43638 5870 36520 1248 0 0 0 243535 242201 267 1067 587488 587488 0 0 605849 605218 126 505 0 0 254302 214923 7876 31503 207426 207426 0 0 0 14554 14554 0 0 0 0 0 69771 48840 4186 16745 PROG EXP: BENEFIT CONCERTS 1040359 1040359 0 0 PROG EXP: GOLF TOURNAMENTS 23571575 23571575 0 0 34130342 33386972 247053 496317 240010 213785 15576601 9288165 178475 95364 705941 287903 152714 0 16853741 9885217 1881367 164136 11451835 5160235 0 7215 13333202 5331586 X 3520539 4553631 3520539 4553631 16853741 9885217 X false true true X false X X X false false false TIGER WOODS FOUNDATION INC 061468499 07 true true true 34130342 1 34130342 THE ORGANIZATION PROVIDED THE FOLLOWING SUPPORT TO ITS SUPPORTED ORGANIZATION, THE TIGER WOODS FOUNDATION, BY SUPPORTING THE TIGER WOODS LEARNING CENTER AND PROVIDING SCHOLARSHIPS GRANTS PAID TOTALING $5,443,547 AND $28,686,795 FOR THE OPERATION AND SPONSORSHIP OF THE AT&T NATIONAL CHARITY GOLF TOURNAMENT, CHEVRON WORLD CHALLENGE AND THE TWLC BLOCK PARTY. 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 7215 7215 35163433 34130342 1033091 1033091 35319433 156000 156000 35163433 35163433 34286342 156000 156000 34130342 34130342 FIN 48 FOOTNOTE THE FOUNDATION ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. ASC TOPIC 740 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. THE FOUNDATION ADOPTED THE DEFERRAL AND DISCLOSURE PROVISIONS OF ASC TOPIC 740 FOR ITS SEPTEMBER 30, 2009 CONSOLIDATED FINANCIAL STATEMENTS AND HAS ADOPTED THE PROVISIONS OF ASC TOPIC 740 FOR THE YEAR ENDED SEPTEMBER 30, 2010. MANAGEMENT ASSERTS THAT NO SUCH UNCERTAIN TAX POSITION EXISTS FOR THE FOUNDATION AT SEPTEMBER 30, 2010. true Garrett Williamson Foundation 395 Bishop Hollow Rd Newtown Square PA 19073 231433892 501(C)(3) 10000 0 N/A N/A YOUTH DEVELOPMENT Marines Fore Scholarship 1706 Weatherstone Drive Paoli PA 19301 233031943 501(C)(3) 14000 0 N/A N/A SCHOLARSHIP Southern Calif Golf Association 3740 Cahuenga Blvd NHollywood CA 916043502 951240720 501(C)(6) 10000 0 N/A N/A GOLF EDUCATION Tiger Woods Foundation 121 Innovation Drive Suite 150 Irvine CA 92617 061468499 501(C)(3) 5341000 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 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO TWF 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, WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE BENEFICIARY ORGANIZATION, TRANSFERRING AND MONITORING THAT RESTRICTIONS ARE MET BEFORE RELEASE OF FUNDS 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 relies on 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 GREGORY T MCLAUGHLIN 234512 110031 137500 0 48231 0 0 0 37159 0 457402 110031 0 0 EMILY C ANDERSON-TAYLOR 124821 0 15000 0 2311 0 5041 0 32448 0 179621 0 0 0 MICHELLE A BEMIS 119574 0 15000 0 12298 0 4783 0 11059 0 162714 0 0 0 DANIEL F CALLAHAN 135018 0 75000 0 5700 0 5449 0 36179 0 257346 0 0 0 JIN C THATCHER 0 118983 0 15000 0 7462 0 4783 0 20848 0 167076 0 0 Compensation from Related Organizations The President 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 hour per week- however, in addition to his responsibilities for these two organizations, he also serves as the President and CEO of Tiger Woods Learning Center Foundation and Tiger Woods Learning Center Foundation-DC, both 501(c)(3) affiliates with 6 hrs of services 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 110,031 NONE NONE NONE NONE Tiger Woods CEC 234,512 137,500 48,231 NONE 37,159 Tiger Woods LC-OC NONE NONE NONE NONE NONE Tiger Woods LC-DC NONE NONE NONE NONE NONE ________ _______ ______ _____ ______ Total 344,543 137,500 48,231 NONE 37,159 Form 990, Schedule J, Part I, line 3: The organization relied on related organizations, Tiger Woods Foundation and Tiger Woods Charity Event Corporation 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 THE 2010 AT&T NATIONAL HAD 120 PGA TOUR PROFESSIONALS COMPETING AT ARONIMINK GOLF CLUB IN NEWTOWN SQUARE, PA. THE EVENT PAID TRIBUTE TO THE U.S. MILITARY AND ALSO RAISED FUNDS FOR THE TIGER WOODS FOUNDATION AND VARIOUS PENNSYLVANIA LOCAL YOUTH CHARITY PROGRAMS. HOSTED BY TIGER WOODS, THE 2009 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 2009 TWLC BLOCK PARTY, AN EVENING BENEFIT HELD IN ORANGE COUNTY, CALIFORNIA CELEBRATED THE LOCAL COMMUNITY AND THE YOUNG PEOPLE SERVED BY THE TIGER WOODS LEARNING CENTERS. THE EVENT BEGAN WITH A GOLF OUTING AND EXHIBITION BY TIGER WOODS FOLLOWED BY A GOURMET DINNER, LIVE AND SILENT AUCTIONS AND A UNIQUE MUSICAL PERFORMANCE BY SHERYL CROW. FUNDS RAISED AT THE BLOCK PARTY SUPPORT THE STUDENTS AND PROGRAMS OF THE TIGER WOODS LEARNING CENTERS. MEMBERS OF THE ORGANIZATION FORM 990, PART VI, LINE 7A THE ORGANIZATION HAS ONE MEMBER. THE MEMBER'S CLASS IS NONVOTING. THE MEMBER ELECTS AND DESIGNATES THE BOARD OF DIRECTORS. ALL CORPORATE POWERS ARE MANAGED UNDER THE DIRECTION OF THE BOARD OF DIRECTORS. PROCESS FOR REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 The Board of Directors 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 CFO prior to providing the draft to the Audit Committee. In addition to consulting with the 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 Conflicts of Interest Policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and 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 Conflicts 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 conflicts 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. 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. 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. Average hours per week devoted to Related Organizations Form 990, Part VII, Section A, Column B In addition to the hours spent on Tiger Woods Charity Event Corporation listed on Part VII, the following individuals devoted hours to other related organizations. Gregory McLaughlin also devotes an average of 25 hours per week to Tiger Woods Foundation, 5 hours per week to Tiger Woods Learning Center and 1 hour per week to Tiger Woods Learning Center Foundation-DC (in addition to the 40 hours per week devoted on the Tiger Woods Charity Event Corporation). Jin C. Thatcher also devotes an average of 40 hours per week to Tiger Woods Foundation, 2 hours per week to Tiger Woods Learning Center and 1 hour per week to Tiger Woods Learning Center. Lindsay McCullough also devotes an average of 15 hours to Tiger Woods Foundation, 1 hour to Tiger Woods Learning Center and 1 hour to Tiger Woods Learning Center-DC. Christopher Hubman also devotes and average of 1 hour per week as a director on the Tiger Woods Foundation. None of the other directors or highly compensated employees devoted time to any related organization. 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 121 INNOVATION DR STE 150 IRVINE CA 92617 200677815 EDUCATION CA 501(c)(3) 2 NA TIGER WOODS LEARNING CTR FOUNDATION-DC 121 INNOVATION DR STE 150 IRVINE CA 92617 261175108 EDUCATION DC 501(c)(3) 2 NA false true false false false false false false false false false false true true true true false false