Tiger Woods Charity Event Corp
- Assets
- $24.0m
- Revenue
- $49.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Irvine, CA
- Founding
- 11/1999
- Data as of
- 09/2023
- EIN
- 06-1554474
Organization Overview
Tiger Woods Charity Event Corp, operating under the name Tgr Live, is located in Irvine, CA. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Tgr Live employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tgr Live is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Tgr Live generated $49.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $49.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS THE PROGRAMS OF THE TIGER WOODS FOUNDATION INCLUDING ITS MULTIPLE EDUCATIONAL LEARNING CENTERS, NATIONAL SCHOLARSHIP PROGRAM AND VIRTUAL EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TGR LIVE RAISES FUNDS FOR THE TGR FOUNDATION AND ITS EDUCATIONAL PROGRAMS. THE CHARITY CREATES UNIQUE EXPERIENCES FOR ALL DONORS AND GUESTS, WHILE HELPING YOUNG SCHOLARS AND STUDENTS TO ACHIEVE THEIR LIFE GOALS THROUGH TGR FOUNDATION'S EDUCATIONAL PROGRAMS. TGR LIVE PRODUCED 5 CHARITABLE EVENTS DURING THE YEAR OF 10/01/2022 THROUGH 9/30/2023. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Mcneil Pres/sec/ceo (thru 12/22) | OfficerTrustee | 30 | $271,300 |
Chris Hubman Director | Trustee | 1 | $0 |
Mike Mckee Director | Trustee | 1 | $0 |
Cyndi Court Ceo/sec (as Of 07/05/23) | OfficerTrustee | 30 | $0 |
Jin C Thatcher Treasurer | Officer | 1 | $0 |
Michelle A Bemis President, Events | 45 | $280,764 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Partytime-hdo Operations Llc Event Rentals | 9/29/23 | $923,388 |
Excel Sports Management Llc Marketing Services | 9/29/23 | $482,000 |
Executive Event Services Llc Security Management | 9/29/23 | $260,948 |
Govision Llc Video Production | 9/29/23 | $127,925 |
Angel City Design Event Planning | 9/29/23 | $111,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $472,363 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,149,364 |
| Noncash contributions included in lines 1a–1f | $349,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,621,727 |
| Total Program Service Revenue | $47,344,739 |
| Investment income | $127,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $383 |
| Net Income from Fundraising Events | -$22,103 |
| Net Income from Gaming Activities | $439,258 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,591,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,861,343 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,322 |
| Compensation of current officers, directors, key employees. | $19,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,685,949 |
| Pension plan accruals and contributions | $88,804 |
| Other employee benefits | $258,259 |
| Payroll taxes | $185,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,901 |
| Fees for services: Accounting | $134,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $887,713 |
| Advertising and promotion | $11,985,675 |
| Office expenses | $533,225 |
| Information technology | $22,377 |
| Royalties | $0 |
| Occupancy | $128,460 |
| Travel | $244,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $136,404 |
| All other expenses | $25,263,583 |
| Total functional expenses | $49,584,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7 |
| Savings and temporary cash investments | $13,219,891 |
| Pledges and grants receivable | $207,470 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $10,537,380 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,965,748 |
| Accounts payable and accrued expenses | $1,122,431 |
| Grants payable | $950,000 |
| Deferred revenue | $20,900,234 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,972,665 |
| Net assets without donor restrictions | $993,083 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,965,748 |
Grants Awarded
Over the last fiscal year, Tiger Woods Charity Event Corp has awarded $4,180,748 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TIGER WOODS FOUNDATION PURPOSE: YOUTH DEVELOPMENT | $4,030,748 |
WORLD GOLF FOUNDATION INC PURPOSE: GOLF EDUCATION | $150,000 |