Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,051,815

• 1g · Noncash contributions included above

  $2,051,815

• 2a · Program service revenue: TOURNAMENT REVENUE

  total $163,138,202 · related or exempt $163,138,202

• 2b · Program service revenue: TELEVISION & MEDIA REV

  total $55,749,776 · related or exempt $55,749,776

• 2c · Program service revenue: CORPORATE SPONSORSHIPS

  total $22,061,483 · related or exempt $22,061,483

• 2d · Program service revenue: MEMBERSHIP & OTHER INC

  total $6,205,197 · related or exempt $6,205,197

• 2e · Program service revenue: EDUCATION/PROF DEV

  total $635,835 · related or exempt $635,835

• 3 · Investment income

  total $2,758,867 · excluded $2,758,867

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,258,137

• 5 · Compensation of officers, directors and key employees

  total $6,096,515

• 7 · Other salaries and wages

  total $16,664,969

• 8 · Pension plan contributions

  total $498,415

• 9 · Other employee benefits

  total $1,276,516

• 10 · Payroll taxes

  total $1,163,704

• 11b · Fees: legal

  total $528,229

• 11c · Fees: accounting

  total $513,537

• 11g · Fees: other

  total $3,678,219

• 12 · Advertising and promotion

  total $915,036

• 13 · Office expenses

  total $152,929

• 14 · Information technology

  total $2,805,178

• 16 · Occupancy

  total $532,153

• 17 · Travel

  total $5,426,937

• 19 · Conferences, conventions and meetings

  total $233,595

• 22 · Depreciation, depletion and amortization

  total $1,448,234

• 23 · Insurance

  total $719,775

• 24a · Other expenses: PRIZE MONEY

  total $116,826,749

• 24b · Other expenses: TOURNAMENT EXPENSE

  total $39,636,799

• 24c · Other expenses: TELEVISION & MEDIA

  total $26,348,375

• 24d · Other expenses: CORPORATE SPONSOR

  total $19,581,100

• 24e · All other expenses

  total $5,607,483

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,087,713 · end of year $10,311,165

• 2 · Savings and temporary cash investments

  beginning of year $40,553,962 · end of year $56,425,971

• 4 · Accounts receivable

  beginning of year $17,079,479 · end of year $30,548,460

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,156,334 · end of year $1,383,119

• 10a · Land, buildings and equipment: cost or other basis

  $20,550,564

• 10b · Land, buildings and equipment: accumulated depreciation

  $14,252,261

• 10c · Land, buildings and equipment, net

  beginning of year $3,478,781 · end of year $6,298,303

• 11 · Investments: publicly traded securities

  beginning of year $40,419,423 · end of year $46,159,212

• 14 · Intangible assets

  beginning of year $916,574 · end of year $916,574

• 15 · Other assets

  beginning of year $139,111 · end of year $95,559

• 17 · Accounts payable and accrued expenses

  beginning of year $21,956,118 · end of year $28,272,115

• 19 · Deferred revenue

  beginning of year $12,037,249 · end of year $41,731,595

• 25 · Other liabilities

  beginning of year $40,917,033 · end of year $46,519,761

• 27 · Net assets without donor restrictions

  beginning of year $34,920,977 · end of year $35,614,892

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS AND COMPANION TRAVEL PRIVILEGES ARE PROVIDED TO THE COMMISSIONER OF THE LPGA AND OTHER EMPLOYEES IN ACCORDANCE WITH LPGA TRAVEL POLICIES AND PROCEDURES.

PART I, LINE 4B

THE LPGA TOURNAMENT PLAYER RETIREMENT PLAN WAS ESTABLISHED TO PROVIDE THE ELIGIBLE MEMBERS OF THE TOURNAMENT DIVISION WITH POTENTIAL RETIREMENT BENEFITS. EVERY MEMBER OF THE LPGA TOURNAMENT DIVISION WHO COMPETES IN THE "MINIMUM NUMBER" OF OFFICIAL LPGA TOURNAMENTS ANNUALLY IS ELIGIBLE TO PARTICIPATE IN THE PLAN. AMOUNTS ALLOCATED TO MEMBERS ARE BASED UPON A FORMULA DETERMINED ANNUALLY BY THE BOARD WITH SUCH FORMULA CONSIDERING SUCH FACTORS AS THE NUMBER OF TOURNAMENTS IN WHICH A MEMBER COMPETES, THE AMOUNT OF PRIZE MONEY WON, THE NUMBER OF YEARS A MEMBER HAS PLAYED AND ANY DIRECT SERVICE TO THE ASSOCIATION. DURING 2024, THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND RECEIVED AN ALLOCATION: ASHLEIGH BUHAI - $10,409 GEMMA DRYBURGH - $10,718 ELIZABETH SZOKOL - $9,739 STEPHANIE MEADOW - $8,784 KELLY TAN - $7,754 MEL REID - $6,000

SCHEDULE J, PART II, COLUMN (B)(III):

COMPENSATION FOR THE FOLLOWING BOARD MEMBERS WAS RELATED TO TOURNAMENT PRIZE WINNINGS RECEIVED IN CONJUNCTION WITH COMPETING IN LPGA TOURNAMENTS: - ASHLEIGH BUHAI - GEMMA DRYBURGH - STEPHANIE MEADOW - ELIZABETH SZOKOL - KELLY TAN - MEL REID

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• FGTA LLC

  EPSON DEVELOPMENT TOUR · FL · income $8,430,909 · assets $3,559,503

  Directly controlled by LADIES PROFESSIONAL GOLF ASSOCIATION

• LPGA TOURN PROP ONE LLC

  GOLF EVENTS · FL · income $53,295,845 · assets $3,713,158

  Directly controlled by LADIES PROFESSIONAL GOLF ASSOCIATION

• LPGA ASIA LLC

  SALES AND MARKETING · FL · income $984,503 · assets $44,420

  Directly controlled by LADIES PROFESSIONAL GOLF ASSOCIATION

• LADIES EUROPEAN GOLF VENTURE LTD

  LADIES EUROPEAN TOUR · UK · income $18,864,725 · assets $6,657,154

  Directly controlled by LADIES PROFESSIONAL GOLF ASSOCIATION

• LPGA GAMING LLC

  LICENSING · FL · income $0 · assets $0

  Directly controlled by LADIES PROFESSIONAL GOLF ASSOCIATION