Professional Golfers Association Of America
- Assets
- $455.4m
- Revenue
- $192.1m
- Investments
- $133.0m
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 12/1959
- Data as of
- 03/2022
- EIN
- 59-0785835
Organization Overview
Professional Golfers Association Of America is located in Frisco, TX. The organization was established in 1959. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Golfers Association Of America is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Professional Golfers Association Of America generated $192.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $118.4m during the year ending 03/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Professional Golfers Association Of America has awarded 30 individual grants totaling $19,544,009. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ENJOYMENT & INVOLVEMENT IN THE GAME AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE PGA WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND THE GENERAL PUBLIC. AS A RESULT, THE PGA WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFERS' VOCATION, STIMULATE INTEREST IN THE GAME OF GOLF, AND PROMOTE THE OVERALL VITALITY OF THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF TOURNAMENTS: AS PART OF THE PGA'S MISSION TO PROMOTE THE GAME OF GOLF, WE OVERSEE MANY GOLF TOURNAMENTS TO ENCOURAGE PARTICIPATION IN THE GAME. SOME OF THESE EVENTS ARE BROADCAST ON NATIONAL AND INTERNATIONAL TELEVISION, GENERATING INTEREST IN GOLF AND PROMOTING THE GROWTH OF THE GAME.
EDUCATION: GOLF PROFESSIONALS ARE THE FOUNDATION OF GOLF. THE PROFESSIONALS ARE EXPERT INSTRUCTORS, SKILLED BUSINESSPERSONS, AND COMMUNITY LEADERS WHO HELP PROVIDE AFFORDABLE AND ACCESSIBLE GOLF TO EVERYONE, EVERYWHERE. THE PGA PROVIDES EXTENSIVE EDUCATIONAL PROGRAMS TO ENSURE THAT THEY WILL REMAIN AT THE FOREFRONT OF THE GAME - PROVIDING ENJOYMENT TO MILLIONS OF GOLFERS - FOR GENERATIONS TO COME.
SECTION BUSINESS OPERATIONS: ASSISTS THE VARIOUS SECTION OFFICES OF THE PGA BY DEFINING GOALS AND DEVELOPING SOLUTIONS IN THE AREA OF COMMON CONCERN.
SEE THE THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Rea Secretary | OfficerTrustee | 4 | $0 |
Jim Richerson President | OfficerTrustee | 4 | $0 |
John Lindert Vice Preside | OfficerTrustee | 4 | $0 |
Seth Waugh CEO | Officer | 25 | $0 |
Jeffery Price Cco | Officer | 17 | $0 |
Kerry Haigh Cco | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nbc Universal Llc Brodcast Svcs | 3/30/22 | $1,682,902 |
Evolution Media Capital Llc Prof Services | 3/30/22 | $812,500 |
Quinn Emanuel Urquhart & Sullivan Ll Prof Services | 3/30/22 | $496,462 |
Blazing Bull Productions Llc Prof Services | 3/30/22 | $540,733 |
Levy Premium Food Service Lp Prof Services | 3/30/22 | $432,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $149,911,284 |
| Investment income | $18,413,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $256,119 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,406,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,132,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,620,858 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $41,186,020 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,066,855 |
| Advertising and promotion | $13,714,436 |
| Office expenses | $1,797,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $356,258 |
| Travel | $2,940,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,700,773 |
| Interest | $1,656,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $918,705 |
| Insurance | $0 |
| All other expenses | $163,003 |
| Total functional expenses | $118,413,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,616,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,765,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,592,533 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,333,705 |
| Net Land, buildings, and equipment | $55,535,978 |
| Investments—publicly traded securities | $207,128,132 |
| Investments—other securities | $132,989,899 |
| Investments—program-related | $0 |
| Intangible assets | $177,154 |
| Other assets | $1,276,722 |
| Total assets | $455,416,511 |
| Accounts payable and accrued expenses | $9,599,957 |
| Grants payable | $0 |
| Deferred revenue | $33,450,282 |
| 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 | $49,226,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,537,611 |
| Total liabilities | $164,814,521 |
| Net assets without donor restrictions | $290,601,990 |
| 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 | $455,416,511 |
Grants Awarded
Over the last fiscal year, Professional Golfers Association Of America has awarded $5,620,714 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Frisco, TX PURPOSE: CHARITABLE | $2,958,214 |
Dallas, TX PURPOSE: CHARITABLE | $2,512,500 |
St Augustine, FL PURPOSE: CHARITABLE | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Professional Golfers Association Of America has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southern Arizona Tucson, AZ PURPOSE: GENERAL SUPPORT | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Golfers Association Of America Frisco, TX | $455,416,511 | $192,132,824 |
Central Houston Inc Houston, TX | $4,282,425 | $1,082,732 |
Bike Austin Austin, TX | $33,411 | $0 |
Texas Alliance Of Recreational Organizations Inc Houston, TX | $247,138 | $0 |
Edmond Memorial Athletic Booster Club Edmond, OK | $123,674 | $0 |
Shikar-Safari Club International Houston, TX | $763,543 | $216,784 |
Gymnastics Association Of Texas Spring, TX | $107,955 | $202,194 |
Safari Club International San Antonio, TX | $101,936 | $0 |
Safari Club International Dexter, NM | $203,121 | $107,445 |
Safari Club International Little Rock, AR | $91,937 | $0 |
Band Of Barrows Fort Worth, TX | $14,536 | $56,095 |
Laredo Rugby Laredo, TX | $0 | $0 |