Form 990 for tax year 2022

Totals

Total revenue

$9,429,428

Total expenses

$9,363,821

Contributions and grants received

$2,981,030

Grants paid

$918,725

Program service revenue

$6,435,635

Investment income

$131,158

Other revenue

-$118,395

Total assets, end of year

$8,292,695

Total liabilities, end of year

$1,392,843

Net assets or fund balances, end of year

$6,899,852

Program services expenses (Part IX)

$8,573,057

Management and general expenses

$757,803

Fundraising expenses

$32,961

Program service expenses (Part III)

$8,573,057

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• THE LPGA FOUNDATION IS INVOLVED IN CONDUCTING A TOURNAMENT ON THE LPGA TOURNAMENT SCHEDULE. THE GOLF TOURNAMENT IS OPERATED BY THE FOUNDATION AND FUNDED BY THE REVENUES RAISED THROUGH SPONSORSHIPS, PRO-AM EVENTS, HOSPITALITY, ADMISSION AND OTHER REVENUES.

  Expenses $6,295,587 · Revenue $6,435,635

• DEVELOP AND MAINTAIN JUNIOR GOLF PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS ARE PRIMARILY FUNDED THROUGH CONTRIBUTIONS RECEIVED BY THE FOUNDATION.

  Expenses $1,738,495 · Grants $604,186

• DEVELOP AND MAINTAIN SCHOLARSHIP PROGRAMS WHICH PROVIDE SCHOLARSHIPS FOR JUNIOR GOLFERS BASED ON VARYING ELIGIBILITY CRITERIA, INCLUDING NEED-BASED AWARDS, AS WELL AS AWARDS TO ASSIST WITH INCREASING REPRESENTATION OF COMMUNITIES WHO HAVE TRADITIONALLY BEEN UNDERREPRESENTED IN GOLF.

  Expenses $538,975 · Grants $314,539

• DEVELOP AND MAINTAIN A FINANCIAL ASSISTANCE FUND FOR LPGA MEMBERS AND OTHER PERSONS IN THE GOLF INDUSTRY WHO MAY BE IN NEED OF FINANCIAL ASSISTANCE AS A RESULT OF A SERIOUS ILLNESS, INJURY, OR OTHER HARDSHIP. THERE WERE NO FINANCIAL ASSISTANCE FUND EXPENSES IN 2022.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• CLEARVIEW LEGACY FOUNDATION

  $200,000

  SCHOLARSHIP

• SCGA FOUNDATION

  $25,575

  GIRLS GOLF SUPPORT

• GOLF FORE AFRICA

  $25,000

  GENERAL DONATION

• MORGAN PRESSEL FOUNDATION

  $25,000

  GENERAL DONATION

• THE JULI INKSTER FOUNDATION

  $25,000

  GENERAL DONATION

• GIRLS GOLF OF AMERICA

  $25,000

  GIRLS GOLF SUPPORT

• USA GOLF FEDERATION

  $12,500

  GIRLS GOLF SUPPORT

• RENAISSANCE JUNIOR GOLF

  $12,250

  GIRLS GOLF SUPPORT

• WOMEN IN GOLF FOUNDATION INC

  $10,750

  GIRLS GOLF SUPPORT

• KARYN DUNPHY LLC

  $10,325

  GIRLS GOLF SUPPORT

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.

• LADIES PROFESSIONAL GOLF ASSOC

  501(C)(6) · WOMENS GOLF · FL

• EXECUTIVE WOMENS GOLF ASSOC

  501(C)(6) · WOMENS GOLF · FL · controlled entity

  Directly controlled by LPGA FOUND

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.

Provenance

Return type

form_990

Tax year

2022

Filed

14 November 2023

IRS schema version

2022v5.0

Source object

202323199349302692

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

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