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← PGA TOUR CHARITIES INC

Form 990 for tax year 2023

Filed by PGA TOUR CHARITIES INC.

Totals

Total revenue
$3,805,865
Total expenses
$2,890,986
Contributions and grants received
$3,773,615
Grants paid
$2,815,056
Program service revenue
$0
Investment income
$32,250
Other revenue
$0
Total assets, end of year
$4,304,679
Total liabilities, end of year
$171,629
Net assets or fund balances, end of year
$4,133,050
Program services expenses (Part IX)
$2,815,056
Management and general expenses
$50,480
Fundraising expenses
$25,450
Program service expenses (Part III)
$2,815,056

Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MCILROY RORY

    DIRECTOR (THRU 11/23)

    Total calculated
    $24,941,352
    From this org
    $0
    From related orgs
    $23,832,458
    Other
    $1,108,894
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $23,832,458 related
    Deferred
    not reported + $1,108,894 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $24,941,352 related

  • MONAHAN JOSEPH W

    PRESIDENT/DIRECTOR

    Total calculated
    $23,293,346
    From this org
    $0
    From related orgs
    $16,589,176
    Other
    $6,704,170
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,887,096 related
    Bonus
    not reported + $12,080,000 related
    Other
    not reported + $2,622,080 related
    Deferred
    not reported + $6,680,000 related
    Nontaxable benefits
    not reported + $24,170 related
    Filer's total
    not reported + $23,293,346 related

  • SPIETH JORDAN

    DIRECTOR (FROM 11/23)

    Total calculated
    $16,289,765
    From this org
    $0
    From related orgs
    $15,901,193
    Other
    $388,572
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $15,901,193 related
    Deferred
    not reported + $388,572 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $16,289,765 related

  • PRICE RONALD E

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $13,056,856
    From this org
    $0
    From related orgs
    $12,678,660
    Other
    $378,196
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $790,541 related
    Bonus
    not reported + $10,517,289 related
    Other
    not reported + $1,370,830 related
    Deferred
    not reported + $348,755 related
    Nontaxable benefits
    not reported + $29,441 related
    Filer's total
    not reported + $13,056,856 related

  • KELLER ALLISON W

    VICE PRESIDENT/SECRETARY

    Total calculated
    $3,300,329
    From this org
    $0
    From related orgs
    $2,571,241
    Other
    $729,088
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $546,079 related
    Bonus
    not reported + $1,582,305 related
    Other
    not reported + $442,857 related
    Deferred
    not reported + $697,200 related
    Nontaxable benefits
    not reported + $31,888 related
    Filer's total
    not reported + $3,300,329 related

  • BROWN LEONARD

    VICE PRESIDENT

    Total calculated
    $2,114,138
    From this org
    $0
    From related orgs
    $1,668,785
    Other
    $445,353
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $442,268 related
    Bonus
    not reported + $985,122 related
    Other
    not reported + $241,395 related
    Deferred
    not reported + $416,722 related
    Nontaxable benefits
    not reported + $28,631 related
    Filer's total
    not reported + $2,114,138 related

  • MADARA JAY M

    VP/TREASURER

    Total calculated
    $1,914,677
    From this org
    $0
    From related orgs
    $1,599,985
    Other
    $314,692
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $417,559 related
    Bonus
    not reported + $1,085,000 related
    Other
    not reported + $97,426 related
    Deferred
    not reported + $250,000 related
    Nontaxable benefits
    not reported + $64,692 related
    Filer's total
    not reported + $1,914,677 related

  • HOFFMAN CHARLEY

    DIRECTOR

    Total calculated
    $1,179,427
    From this org
    $0
    From related orgs
    $1,006,352
    Other
    $173,075
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $1,006,352 related
    Deferred
    not reported + $173,075 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $1,179,427 related

  • HERLIHY EDWARD D

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDERT JOHN

    DIRECTOR (FROM 1/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PART I, LINE 3
PGA Charities has no employees and does not compensate any of the officers or directors reported on part VII of the Form 990. The officers and directors serving PGA Tour Charities volunteer their time and their compensation is paid by a related organization that, in turn, donates those professional services to PGA Tour Charities.
SCHEDULE J, PART I, LINE 4B
CERTAIN EXECUTIVES PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IS A PLAN OF A RELATED ORGANIZATION AND NOT PGA TOUR, INC. DURING EMPLOYMENT, ACTUARIAL CHANGES ARE REPORTED BY PARTICIPANT AS OTHER WAGES IN PART II COLUMN (B)(III) OF SCHEDULE J. WHEN DISTRIBUTIONS ARE MADE AFTER RETIREMENT, THE REPORTABLE AMOUNT IS THE EXCESS OF THE TOTAL PAYMENT RECEIVED LESS ACTUARIAL AMOUNTS PREVIOUSLY REPORTED. ACTUARIAL AMOUNTS REPORTED AS PART OF THE PLAN TOTALED $4,226,028 IN 2023. THE PLAN PARTICIPANTS WERE LEONARD BROWN, ALLISON W. KELLER, JOSEPH W. MONAHAN, AND RONALD E. PRICE.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403189349307895

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