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Nonprofiteer
← PGA TOUR FIRST TEE FOUNDATION INC

Form 990 for tax year 2022

Filed by PGA TOUR FIRST TEE FOUNDATION INC.

Totals

Total revenue
$31,986,597
Total expenses
$34,177,729
Contributions and grants received
$28,277,980
Grants paid
$15,908,163
Program service revenue
$701,198
Investment income
$2,443,337
Other revenue
$564,082
Total assets, end of year
$119,450,769
Total liabilities, end of year
$5,987,621
Net assets or fund balances, end of year
$113,463,148
Program services expenses (Part IX)
$27,761,537
Management and general expenses
$3,085,054
Fundraising expenses
$3,331,138
Program service expenses (Part III)
$27,761,537

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GREGORY T MCLAUGHLIN

    DIRECTOR/PRESIDENT/SECRETARY

    Total calculated
    $1,019,470
    From this org
    $969,244
    From related orgs
    $0
    Other
    $50,226
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $311,077
    Bonus
    $637,613
    Other
    $20,554
    Deferred
    $20,500
    Nontaxable benefits
    $29,726
    Filer's total
    $1,019,470

  • KELVIN WILLIAMS

    SVP BUSINESS OPERATIONS

    Total calculated
    $394,625
    From this org
    $377,512
    From related orgs
    $0
    Other
    $17,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,803
    Bonus
    $168,944
    Other
    $765
    Deferred
    $0
    Nontaxable benefits
    $17,113
    Filer's total
    $394,625

  • GUY GARBARINO

    SVP ADVANCEMENT

    Total calculated
    $315,540
    From this org
    $282,219
    From related orgs
    $0
    Other
    $33,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,256
    Bonus
    $81,198
    Other
    $765
    Deferred
    $0
    Nontaxable benefits
    $33,321
    Filer's total
    $315,540

  • BLANTON JONES

    VP ADVANCEMENT

    Total calculated
    $307,493
    From this org
    $270,242
    From related orgs
    $0
    Other
    $37,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,744
    Bonus
    $80,063
    Other
    $1,435
    Deferred
    $0
    Nontaxable benefits
    $37,251
    Filer's total
    $307,493

  • JENNIFER WEILER

    SVP NETWORK RELATIONS

    Total calculated
    $303,782
    From this org
    $270,815
    From related orgs
    $0
    Other
    $32,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,688
    Bonus
    $71,954
    Other
    $1,173
    Deferred
    $0
    Nontaxable benefits
    $32,967
    Filer's total
    $303,782

  • JANE FADER

    SVP COMMS AND MARKETING

    Total calculated
    $258,749
    From this org
    $227,084
    From related orgs
    $0
    Other
    $31,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,007
    Bonus
    $61,249
    Other
    $828
    Deferred
    $0
    Nontaxable benefits
    $31,665
    Filer's total
    $258,749

  • DIANE TETSWORTH

    TREASURER

    Total calculated
    $135,473
    From this org
    $128,756
    From related orgs
    $0
    Other
    $6,717
    Hours/week
    20

  • TIMOTHY W FINCHEM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICTOR F GANZI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD D HERLIHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN B MCCOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HEALTH OR SOCIAL CLUB DUES WERE PAID FOR GREG MCLAUGHLIN DURING 2022. TO THE EXTENT THAT THE INDIVIDUAL'S USE OF THE CLUB WAS FOR PERSONAL PURPOSES, THE VALUE OF THAT PERSONAL USE WAS CONSIDERED TAXABLE WAGES AND WAS INCLUDED IN HIS W-2. THE ORGANIZATION ALSO OCCASIONALLY PAYS FOR BONA FIDE BUSINESS TRAVEL EXPENSES FOR MR. MCLAUGHLIN'S SPOUSE TO ATTEND VARIOUS CHARITABLE FUNDRAISING EVENTS. ADDITIONALLY, MR. MCLAUGHLIN MAY FLY FIRST CLASS DEPENDING ON THE LENGTH OF THE FLIGHT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349308760

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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