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← PGA TOUR CHARITIES INC

Form 990 for tax year 2024

Filed by PGA TOUR CHARITIES INC.

Totals

Total revenue
$3,327,867
Total expenses
$3,185,657
Contributions and grants received
$3,203,398
Grants paid
$3,098,889
Program service revenue
$0
Investment income
$124,469
Other revenue
$0
Total assets, end of year
$4,452,785
Total liabilities, end of year
$183,086
Net assets or fund balances, end of year
$4,269,699
Program services expenses (Part IX)
$3,098,889
Management and general expenses
$55,567
Fundraising expenses
$31,201
Program service expenses (Part III)
$3,098,889

Program services were 97.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $629,635

  • 1f · All other contributions, gifts and grants

    $2,573,763

  • 1g · Noncash contributions included above

    $216,365

  • 3 · Investment income

    total $125,062 · excluded $125,062

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $215,772

  • 7b · Less cost or other basis and sales expenses

    securities $216,365

  • 7c · Gain or loss

    securities -$593

  • 7d · Net gain or loss

    total -$593 · excluded -$593

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,061,050 · program services $3,061,050

  • 2 · Grants to domestic individuals

    total $37,839 · program services $37,839

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,642 · management and general $2,642

  • 11c · Fees: accounting

    total $24,110 · management and general $24,110

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $18,286 · management and general $18,286

  • 14 · Information technology

    total $5,595 · management and general $5,595

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $55 · management and general $55

  • 24a · Other expenses: PERMITS & LICENSES

    total $4,604 · management and general $4,604

  • 24b · Other expenses: DONATION PROCESSING FEES

    total $21,201 · fundraising $21,201

  • 24c · Other expenses: FUNDRAISING FUNCTIONS EXPENSE

    total $10,000 · fundraising $10,000

  • 24d · Other expenses: MISC DUES & FEES

    total $242 · management and general $242

  • 24e · All other expenses

    total $33 · management and general $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,583,879 · end of year $2,729,356

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $2,459

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,000 · end of year $20,170

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

    $1,700,800

  • 10c · Land, buildings and equipment, net

    beginning of year $1,700,800 · end of year $1,700,800

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,365 · end of year $257

  • 18 · Grants payable

    beginning of year $168,264 · end of year $182,829

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,133,050 · end of year $4,269,699

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PGA TOUR CHARITIES, INC. WAS ESTABLISHED IN 1986 FOR THE PURPOSE OF GENERATING FUNDS FOR DONATIONS TO SUPPORT OTHER QUALIFIED CHARITABLE ORGANIZATIONS. PGA TOUR CHARITIES, INC. MAKES GRANTS TO SUPPORT EXEMPT ORGANIZATIONS FURTHERING THE WELFARE AND WELLBEING OF YOUTH, PROVIDES CHARITABLE SUPPORT TO NEEDY INDIVIDUALS, AND SUPPORTS OTHER CHARITABLE INITIATIVES. THROUGH THE WORLD OF GOLF, THE PGA TOUR DRIVES POSITIVE IMPACT AT UNPRECEDENTED LEVELS TO SUPPORT AND IMPROVE LOCAL COMMUNITIES.

Activities or mission (Part I)

TO RAISE FUNDS TO DISTRIBUTE TO OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS RECOGNIZED UNDER 501(C)(3) OF THE I.R.C. AND PROVIDE CHARITABLE SUPPORT TO NEEDY INDIVIDUALS.

  • PGA TOUR CHARITIES, INC. WAS CREATED TO SOLICIT FUNDS FOR THE BENEFIT OF EXEMPT ORGANIZATIONS WITH AN EDUCATIONAL AND/OR A CHARITABLE MISSION. PGA TOUR CHARITIES, INC. ACCOMPLISHES ITS CHARITABLE MISSION BY CONDUCTING DIRECT CONTRIBUTION SOLICITATIONS AND FUND-RAISING INITIATIVES, AS WELL AS PROVIDING CHARITABLE SUPPORT TO NEEDY INDIVIDUALS. PGA TOUR CHARITIES, INC. ALSO MAKES GRANTS TO SUPPORT EXEMPT ORGANIZATONS THAT FOCUS ON CONNECTING MILITARY SERVICE MEMBERS AND THEIR FAMILIES TO HOMEFRONT GROUPS THAT PROVIDE ASSISTANCE TO THEM, FURTHERING THE WELFARE AND WELLBEING OF YOUTH, AND OTHER WORTHY CHARITABLE INITIATIVES. AT THE END OF 2023, PGA TOUR CHARITIES, INC. ASSUMED THE PROGRAMS OF THREE SMALL CHARITIES WITH SIMILAR TAX-EXEMPT PURPOSES. PROFESSIONAL CADDIES ASSISTANCE FOUNDATION PROVIDES RELIEF TO POOR, DISTRESSED, AND UNDERPRIVILEGED CURRENT AND FORMER PROFESSIONAL GOLF CADDIES AND THEIR IMMEDIATE FAMILIES WHO NEED FINANCIAL ASSISTANCE BECAUSE THEY HAVE SUFFERED FINANCIAL HARDSHIP OR WHO HAVE SUFFERED A CATASTROPHIC LOSS DUE TO INJURY, ILLNESS, DEATH, NATURAL DISASTER, OR ACT OF TERRORISM. PGA TOUR CHARITABLE AND EDUCATIONAL FUND SUPPORTS OTHER CHARITABLE ORGANIZATIONS AND AIDS DISTRESSED PROFESSIONAL AND AMATEUR GOLFERS. PGA TOUR EMPLOYEES EMERGENCY RELIEF FUND PROVIDES RELIEF TO POOR, DISTRESSED, AND UNDERPRIVILEGED CURRENT AND FORMER EMPLOYEES OF PGA TOUR, INC. AND ITS CONTROLLED SUBSIDIARIES AND THEIR IMMEDIATE FAMILIES WHO NEED FINANCIAL ASSISTANCE BECAUSE THEY HAVE SUFFERED FINANCIAL HARDSHIP OR WHO HAVE SUFFERED A CATASTROPHIC LOSS DUE TO INJURY, ILLNESS, DEATH, NATURAL DISASTER, OR ACT OF TERRORISM. THE AFOREMENTIONED CHARITIES' BOARDS RESOLVED TO DONATE THEIR NET ASSETS TO PGA TOUR CHARITIES, INC., DISSOLVED THEIR RESPECTIVE ORGANIZATIONS, FILED FINAL FORMS 990, AND PGA TOUR CHARITIES, INC. UNDERTOOK THE RESPECTIVE PROGRAMS.

    Expenses $3,098,889 · Grants $3,098,889

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • McIlroy Rory

    DIRECTOR

    Total calculated
    $40,109,999
    From this org
    $0
    From related orgs
    $29,012,054
    Other
    $11,097,945
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $29,012,054 related
    Deferred
    not reported + $11,097,945 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $40,109,999 related

  • Monahan Joseph W

    PRESIDENT/DIRECTOR

    Total calculated
    $19,227,851
    From this org
    $0
    From related orgs
    $18,203,646
    Other
    $1,024,205
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,996,840 related
    Bonus
    not reported + $13,283,500 related
    Other
    not reported + $2,923,306 related
    Deferred
    not reported + $997,816 related
    Nontaxable benefits
    not reported + $26,389 related
    Filer's total
    not reported + $19,227,851 related

  • Price Ronald E

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $13,219,345
    From this org
    $0
    From related orgs
    $13,192,633
    Other
    $26,712
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $824,090 related
    Bonus
    not reported + $6,624,651 related
    Other
    not reported + $5,743,892 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $26,712 related
    Filer's total
    not reported + $13,219,345 related

  • Brown Leonard

    VICE PRESIDENT

    Total calculated
    $3,219,947
    From this org
    $0
    From related orgs
    $2,977,365
    Other
    $242,582
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    not reported + $548,374 related
    Bonus
    not reported + $1,694,222 related
    Other
    not reported + $734,769 related
    Deferred
    not reported + $210,870 related
    Nontaxable benefits
    not reported + $31,712 related
    Filer's total
    not reported + $3,219,947 related

  • Keller Allison W

    VICE PRESIDENT/SECRETARY

    Total calculated
    $2,961,400
    From this org
    $0
    From related orgs
    $2,636,745
    Other
    $324,655
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $564,273 related
    Bonus
    not reported + $1,660,470 related
    Other
    not reported + $412,002 related
    Deferred
    not reported + $290,672 related
    Nontaxable benefits
    not reported + $33,983 related
    Filer's total
    not reported + $2,961,400 related

  • Shetty Neera M

    VICE PRESIDENT

    Total calculated
    $2,438,989
    From this org
    $0
    From related orgs
    $2,308,687
    Other
    $130,302
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    not reported + $418,902 related
    Bonus
    not reported + $936,095 related
    Other
    not reported + $953,690 related
    Deferred
    not reported + $96,486 related
    Nontaxable benefits
    not reported + $33,816 related
    Filer's total
    not reported + $2,438,989 related

  • Hoffman Charley

    DIRECTOR

    Total calculated
    $2,252,378
    From this org
    $0
    From related orgs
    $1,842,983
    Other
    $409,395
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $1,842,983 related
    Deferred
    not reported + $409,395 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $2,252,378 related

  • Madara Jay M

    VICE PRESIDENT/TREASURER

    Total calculated
    $2,194,443
    From this org
    $0
    From related orgs
    $2,126,011
    Other
    $68,432
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    not reported + $538,772 related
    Bonus
    not reported + $1,467,680 related
    Other
    not reported + $119,559 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $68,432 related
    Filer's total
    not reported + $2,194,443 related

  • Sharkey Kenneth J

    FORMER VICE PRESIDENT

    Total calculated
    $112,615
    From this org
    $0
    From related orgs
    $112,615
    Other
    $0
    Hours/week
    0 + 5 related

    Schedule J breakdown matched by us

    Base
    not reported + $112,615 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $112,615 related

  • Herlihy Edward D

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 11 related

  • Lindert John

    DIRECTOR

    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 TOUR 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 OFFICERS AND DIRECTORS REPORTED ON PGA TOUR CHARITIES, INC.'S FORM 990 PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IS A PLAN OF A RELATED ORGANIZATION AND NOT PGA TOUR CHARITIES, 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. FOR THE APPLICABLE INDIVIDUALS REPORTED ON PGA TOUR CHARITIES, INC.'S FORM 990, ACTUARIAL AMOUNTS REPORTED AS PART OF THE PLAN TOTALED $6,550,730 IN 2024. THE APPLICABLE PLAN PARTICIPANTS WERE LEONARD BROWN, ALLISON W. KELLER, JOSEPH W. MONAHAN, RONALD E. PRICE, AND NEERA M. SHETTY.

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.

  • TPC OF BOSTON AT GREATWOODS LLC

    GOLF OPERATIONS · DE

    Directly controlled by NA

  • TPC OF ILLINOIS LLC

    GOLF OPERATIONS · DE

    Directly controlled by NA

  • ACADEMY ASSETS LLC

    PROMOTION OF GOLF · FL

    Directly controlled by NA

  • PGA TOUR ENTERPRISES LLC

    N/A · PROMOTION OF GOLF · DE · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

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

  • PGA TOUR HOLDINGS INC AND SUBSIDIARIES

    C CORP · HOLDING COMPANY · FL

    Directly controlled by NA

  • PGA TOUR MEDIA CENTER INC

    C CORP · MEDIA OPERATIONS · FL

    Directly controlled by NA

  • PGA TOUR CONSTRUCTION SERVICES INC

    C CORP · CONSTRUCTION · FL

    Directly controlled by NA

  • PGA TOUR DESIGN SERVICES INC

    C CORP · DESIGN SERVICES · FL

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF CONNECTICUT I

    C CORP · GOLF OPERATIONS · CT

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB AT SOUTHWIND INC

    C CORP · GOLF OPERATIONS · TN

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB AT CHEVAL INC

    C CORP · GOLF OPERATIONS · FL

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF CINCINNATI IN

    C CORP · GOLF OPERATIONS · OH

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF PRINCETON INC

    C CORP · GOLF OPERATIONS · NJ

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF ILLINOIS INC

    C CORP · GOLF OPERATIONS · IL

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF MINNESOTA INC

    C CORP · GOLF OPERATIONS · MN

    Directly controlled by NA

  • TOURNAMENT PLAYERS CLUB OF NORTH CAROLIN

    C CORP · GOLF OPERATIONS · NC

    Directly controlled by NA

  • PGA TOUR GLOBAL CONSULTING INC

    C CORP · CONSULTING · FL

    Directly controlled by NA

  • PGA TOUR TRAVEL INC

    C CORP · TRAVEL ARRANGEMEN · FL

    Directly controlled by NA

  • PGA TOUR LICENSED PROPERTIES INC

    C CORP · LICENSING · FL

    Directly controlled by NA

  • Select Tickets Inc

    C CORP · COMMISSION SALES · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503189349304320

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