World Golf Foundation Inc is located in Ponte Vedra Beach, FL. The organization was established in 1991. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, World Golf Foundation Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Golf Foundation Inc 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 12/2022, World Golf Foundation Inc generated $16.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, World Golf Foundation Inc has awarded 1,033 individual grants totaling $113,684,777. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THE GOLF INDUSTRY AROUND INITIATIVES THAT PROMOTE, ENHANCE THE GROWTH OF, AND PROVIDE ACCESS TO THE GAME WORLDWIDE. (SEE ATTACHMENT 1 FOR FULL MISSION STATEMENT).
Describe the Organization's Program Activity:
WORLD GOLF FOUNDATION, INC. (THE "FOUNDATION"), WHICH IS SUPPORTED BY MAJOR INTERNATIONAL GOLF ORGANIZATIONS AND PROFESSIONAL TOURS, OVERSEES THE WORLD GOLF HALL OF FAME & MUSEUM (4A), AMERICAN GOLF INDUSTRY COALITION (4B) AND OTHER NONPROFIT COMPONENTS. THE FOUNDATION HAS A DUAL MISSION. THE MISSION OF THE FOUNDATION IS TO PRESERVE THE HISTORY OF THE GAME AND THE LEGACIES OF THOSE WHO HAVE MADE IT GREAT AND TO CREATE ENTERTAINING AND EDUCATIONAL EXHIBITS FOR THE ENJOYMENT OF THE GENERAL PUBLIC. THESE ELEMENTS OF THE FOUNDATION WORK TOGETHER TO PROMOTE GROWTH OF THE GAME OF GOLF AMONG ADULTS, YOUTH, AND MINORITIES AS WELL AS IN THE GOLF INDUSTRY. THE FOUNDATION IS SUPPORTED BY MAJOR GOLF ORGANIZATIONS AND PROFESSIONAL TOURS THROUGHOUT THE WORLD INCLUDING: AMERICAN JUNIOR GOLF ASSOCIATION AMERICAN SOCIETY OF GOLF COURSE ARCHITECTS ASIAN TOUR CLUB MANAGERS ASSOCIATION OF AMERICA GOLF CANADA GOLF COURSE BUILDERS ASSOCIATION OF AMERICA GOLF COURSE SUPERINTENDENTS ASSOCIATION OF AMERICA GOLF WRITERS ASSOCIATION OF AMERICA INTERNATIONAL ASSOCIATION OF GOLF ADMINISTRATORS JAPAN GOLF TOUR ORGANIZATION KORN FERRY TOUR LADIES PROFESSIONAL GOLF ASSOCIATION NATIONAL GOLF COURSE OWNERS ASSOCIATION NATIONAL GOLF FOUNDATION PGA OF AMERICA PGA TOUR INC. PGA TOUR CHAMPIONS THE PGA EUROPEAN TOUR THE MASTERS TOURNAMENT THE R&A ROYAL CANADIAN GOLF ASSOCIATION SOUTHERN AFRICA PGA TOUR UNITED STATES GOLF ASSOCIATION WORLD GOLF HALL OF FAME & MUSEUM OPENED ITS MUSEUM FACILITY ("MUSEUM") IN MAY 1998 PROVIDING VISITORS AN OPPORTUNITY TO LEARN ABOUT THE RICH HISTORY, VALUES AND DEEPLY ROOTED TRADITIONS OF THE GAME THROUGH INTERACTIVE EXHIBITS, UNIQUE STORYTELLING AND A COMPELLING GUEST EXPERIENCE. THE WORLD GOLF HALL OF FAME IMAX THEATER PROVIDES A MIX OF IMAX FILMS THAT PROVIDE EDUCATIONAL OPPORTUNITIES FOR AREA SCHOOL CHILDREN AND THE GENERAL PUBLIC. THE WORLD GOLF HALL OF FAME MUSEUM AND FACILITY ENCOMPASSES APPROXIMATELY 75,000 SQUARE FEET AND HOLDS MORE THAN 70 SEPARATE EXHIBITS THAT COMBINE HISTORICAL ARTIFACTS WITH THE LATEST INTERACTIVE TECHNOLOGY. THE ARTIFACTS ON DISPLAY ARE REPRESENTATIVE OF THE HISTORY OF GOLF AND MANY OF THE ARTIFACTS ARE ON LOAN TO THE FOUNDATION FROM VARIOUS INDIVIDUALS AND GOLF ORGANIZATIONS FOR USE IN THE GUEST EXPERIENCE. THE WORLD GOLF HALL OF FAME AND MUSEUM CONDUCTS A BIENNIAL INDUCTION CEREMONY TO ENSHRINE THE GREATEST PLAYERS AND CONTRIBUTORS. ENSHRINEMENT CAN INCLUDE (BOTH MALE AND FEMALE) PROFESSIONAL PLAYERS, ACCOMPLISHED AMATEURS AND INDIVIDUALS WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THE GAME OUTSIDE OF THE COMPETITIVE ARENA.
THE AMERICAN GOLF INDUSTRY COALITION'S MISSION IS TO UNITE AND ACTIVATE THE GOLF INDUSTRY AROUND KEY STRATEGIC INITIATIVES THAT INCREASE PARTICIPATION AND RETENTION OF PARTICIPANTS, INSPIRE INVOLVEMENT AND INTEREST IN THE GAME, AND PROMOTE THE SUSTAINABLE BEST PRACTICES FOR GOLF FACILITIES. ONE OF AMERICAN GOLF INDUSTRY COALITION'S MAJOR INITIATIVES HAS BEEN A COMPREHENSIVE ANALYSIS OF GOLF'S SIGNIFICANT CONTRIBUTIONS TO THE U.S. ECONOMY. AMERICAN GOLF INDUSTRY COALITION, WORKING IN CONJUNCTION WITH RESEARCH PARTNERS, HAS PROVIDED DETAILED SNAPSHOTS OF GOLF'S ROLE IN UNDERPINNING A HEALTHY ECONOMY AT BOTH THE STATE AND NATIONAL LEVELS. THE MOST RECENT REPORT, THE 2022 GOLF ECONOMY REPORT, MEASURED GOLF'S DIRECT ECONOMIC CONTRIBUTIONS IN THE U.S. AT $101.7 BILLION, AND FOUND THAT THE INDUSTRY HAS IMPACTED 1.65 MILLION JOBS WITH TOTAL WAGE INCOME OF $80.1 BILLION. EFFORTS ARE ALSO ONGOING TO QUANTIFY GOLF'S IMPACT AT THE STATE LEVEL. AMERICAN GOLF INDUSTRY COALITION ALSO SERVES TO UNITE AND STRENGTHEN INCLUSION PRACTICES ACROSS GOLF PARTICIPATION, WORKFORCE AND PROCUREMENT. UNDER THE BRAND 'MAKE GOLF YOUR THING,' PROGRAMS INCLUDE GRANTS TO GRASSROOT ORGANIZATIONS, ACTIVATIONS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, AND MARKETING TO BUILD AWARENESS FOR INDUSTRY JOBS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory T Mclaughlin President/chief Exec Officer | OfficerTrustee | 40 | $324,354 |
Jason Garrow VP Of Business Development | 40 | $160,930 | |
Herb Cain Facilities Director | 40 | $111,249 | |
Jay Monahan Chairman | OfficerTrustee | 1 | $0 |
Martin Slumbers Treasurer | OfficerTrustee | 1 | $0 |
Seth Waugh Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
P2 Pathway Public Affairs Llc Marketing Services | 12/30/22 | $150,000 |
Stn Digital Llc Consulting Services | 12/30/22 | $123,415 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,893,907 |
All other contributions, gifts, grants, and similar amounts not included above | $10,824,127 |
Noncash contributions included in lines 1a–1f | $3,129,821 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,718,034 |
Total Program Service Revenue | $1,395,326 |
Investment income | $45,482 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $523,267 |
Net Rental Income | $52,795 |
Net Gain/Loss on Asset Sales | $566 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $369,391 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,141,642 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $897,000 |
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. | $324,354 |
Compensation of current officers, directors, key employees. | $32,435 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,826,121 |
Pension plan accruals and contributions | $54,964 |
Other employee benefits | $226,625 |
Payroll taxes | $118,032 |
Fees for services: Management | $0 |
Fees for services: Legal | $48,170 |
Fees for services: Accounting | $50,222 |
Fees for services: Lobbying | $76,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $287,962 |
Advertising and promotion | $403,961 |
Office expenses | $601,211 |
Information technology | $201,834 |
Royalties | $445,594 |
Occupancy | $1,120,674 |
Travel | $56,943 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,989 |
Interest | $50,648 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $741,086 |
Insurance | $39,277 |
All other expenses | $222,699 |
Total functional expenses | $12,159,093 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,660,493 |
Savings and temporary cash investments | $2,835,518 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $69,568 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $41,063 |
Prepaid expenses and deferred charges | $84,887 |
Net Land, buildings, and equipment | $9,809,081 |
Investments—publicly traded securities | $1,210,454 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $24,765 |
Total assets | $18,735,829 |
Accounts payable and accrued expenses | $858,990 |
Grants payable | $0 |
Deferred revenue | $10,823 |
Tax-exempt bond liabilities | $1,338,996 |
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 | $40,630 |
Total liabilities | $2,249,439 |
Net assets without donor restrictions | $13,551,035 |
Net assets with donor restrictions | $2,935,355 |
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 | $18,735,829 |
Over the last fiscal year, World Golf Foundation Inc has awarded $667,500 in support to 42 organizations.
Grant Recipient | Amount |
---|---|
A PERFECT SWING FOUNDATION INC PURPOSE: GENERAL SUPPORT | $10,000 |
ADAPTIVE GOLFERS PURPOSE: General Support | $12,500 |
EXCEL YOUTH ACADEMY PURPOSE: General Support | $10,000 |
FAIRWAYS TO LEADERSHIP INC PURPOSE: General Support | $27,500 |
GOLF MY FUTURE MY GAME PURPOSE: General Support | $35,000 |
GREATER CLEVELAND JUNIOR GOLF SCHOLARSHIP FUND IN PURPOSE: General Support | $30,000 |