Pga Tour First Tee Foundation Inc
- Assets
- $130.8m
- Revenue
- $69.9m
- Investments
- $54.4m
- Employees
- 62
- Location
- Ponte Vedra Beach, FL
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-4186070
Organization Overview
Pga Tour First Tee Foundation Inc is located in Ponte Vedra Beach, FL. The organization was established in 2019. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Pga Tour First Tee Foundation Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pga Tour First Tee 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.
Since 2020, Pga Tour First Tee Foundation Inc has awarded 358 individual grants totaling $29,280,963. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER AND INSTILL LIFE- ENHANCING VALUES THROUGH THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST TEE CURRICULUM SEAMLESSLY INTEGRATES LIFE SKILLS WITH GOLF SKILLS TO BUILD POSITIVE SOCIAL, EMOTIONAL AND CHARACTER TRAITS IN YOUNG PEOPLE, WHICH IS LEARNED THROUGH THE GOLF CONTEXT AND TRANSLATED TO EVERYDAY LIFE, INCLUDING SCHOOL. COACHES, TEACHERS AND YOUTH LEADERS RECEIVE MULTI-YEAR TRAINING AND LEADERSHIP DEVELOPMENT TO DELIVER THE CURRICULUM, WHICH TAKES PLACE ON GOLF COURSES, IN SCHOOLS AND THROUGH AFTER-SCHOOL PARTNER LOCATIONS. IN ADDITION, THE FIRST TEE OFFERS EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT FOR CHAPTER STAFF, VOLUNTEER BOARD LEADERS AND TEACHERS. FIRST TEE ALSO HOSTS NATIONAL EVENT OPPORTUNITIES FOR SELECTED CHAPTER YOUTH PARTICIPANTS TO ENHANCE THEIR LEADERSHIP, UNDERSTANDING OF DIVERSITY, EQUITY AND INCLUSION, AND LIFE SKILLS.
FIRST TEE COLLEGE SCHOLARSHIP PROGRAM IS AVAILABLE TO HIGH SCHOOL SENIORS WHO ARE ACTIVE IN THE FIRST TEE AND EXCEL IN ACADEMICS, LEADERSHIP, CHARACTER DEVELOPMENT, COMMUNITY AND HAVE DEMONSTRATED FINANCIAL NEED TO ATTEND COLLEGE. AS PART OF THE PROGRAM, STUDENTS ARE PAIRED WITH AN ADULT MENTOR THROUGHOUT THEIR COLLEGE EXPERIENCE AND ARE PROVIDED PROFESSIONAL DEVELOPMENT AND RESOURCES. SCHOLARS RECEIVE FINANCIAL SUPPORT UP TO $5,000 PER YEAR, RENEWABLE FOR FOUR YEARS BASED ON THE STUDENT'S PERFORMANCE. STUDENTS SELECT THE COLLEGE THEY WOULD LIKE TO ATTEND, AND THE FINANCIAL SUPPORT IS PAID DIRECTLY TO THE INSTITUTION OF THE RECIPIENT'S CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory T Mclaughlin Director/president/secretary | OfficerTrustee | 30 | $969,244 |
Kelvin Williams SVP Business Operations | 40 | $377,512 | |
Guy Garbarino SVP Advancement | 40 | $282,219 | |
Blanton Jones VP Advancement | 40 | $270,242 | |
Jennifer Weiler SVP Network Relations | 40 | $270,815 | |
Jane Fader SVP Comms And Marketing | 40 | $227,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,997,965 |
| Investment income | $6,873,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $210,330 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $555,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $103,622 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,880,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $309,852 |
| Grants and other assistance to Foreign Orgs/Individuals | $223,928 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $692,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,854,030 |
| Pension plan accruals and contributions | $214,422 |
| Other employee benefits | $727,591 |
| Payroll taxes | $359,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,414 |
| Fees for services: Accounting | $64,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $1,370,315 |
| Advertising and promotion | $1,062,243 |
| Office expenses | $348,770 |
| Information technology | $696,898 |
| Royalties | $0 |
| Occupancy | $294,391 |
| Travel | $335,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $299,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,282 |
| Insurance | $61,456 |
| All other expenses | $0 |
| Total functional expenses | $31,347,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,443,785 |
| Savings and temporary cash investments | $3,852,539 |
| Pledges and grants receivable | $37,514,758 |
| Accounts receivable, net | $1,572,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $409,670 |
| Prepaid expenses and deferred charges | $459,252 |
| Investments—publicly traded securities | $29,121,694 |
| Investments—other securities | $54,385,301 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,809,259 |
| Accounts payable and accrued expenses | $3,919,167 |
| Grants payable | $0 |
| Deferred revenue | $411,755 |
| 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 | $4,330,922 |
| Net assets without donor restrictions | $75,206,860 |
| Net assets with donor restrictions | $51,271,477 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $126,478,337 |
Grants Awarded
Over the last fiscal year, Pga Tour First Tee Foundation Inc has awarded $14,137,224 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
BATON ROUGE AREA KIDS FORE GOLF FOUNDATION PURPOSE: General Support | $23,873 |
ARIZONA GOLF AND LIFE SKILLS INC PURPOSE: General Support | $121,550 |
BLUE RIDGE YOUTH GOLF FOUNDATION INC PURPOSE: General Support | $30,957 |
BENTON HARBOR YOUTH DEVELOPMENT & GOLF PURPOSE: General Support | $25,957 |
BRIGHTON HILL ACADEMY SPORTS AND LEARNING CENTER PURPOSE: General Support | $50,957 |
BOARD OF COUNTY SUPERVISORS OF PRINCE WILLIAM COUN PURPOSE: General Support | $5,112 |