Totals
- Total revenue
- $15,962,093
- Total expenses
- $11,650,580
- Contributions and grants received
- $13,816,527
- Grants paid
- $1,161,050
- Program service revenue
- $23,400
- Investment income
- $1,257,587
- Other revenue
- $864,579
- Total assets, end of year
- $128,974,874
- Total liabilities, end of year
- $9,050,682
- Net assets or fund balances, end of year
- $119,924,192
- Program services expenses (Part IX)
- $8,651,002
- Management and general expenses
- $2,133,789
- Fundraising expenses
- $865,789
- Program service expenses (Part III)
- $8,651,002
Program services were 74.3% 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
$6,861,343
-
1f · All other contributions, gifts and grants
$6,955,184
-
1g · Noncash contributions included above
$123,964
-
2a · Program service revenue: CLASS REGISTRATION
total $23,400 · related or exempt $23,400
-
3 · Investment income
total $1,183,145 · excluded $1,183,145
-
6a · Gross rents
real property $101,213
-
6b · Less rental expenses
real property $254,585
-
6c · Rental income or loss
real property -$153,372
-
6d · Net rental income or loss
total -$153,372 · excluded -$153,372
-
7a · Gross sales of assets other than inventory
securities $13,590,625
-
7b · Less cost or other basis and sales expenses
securities $13,516,183
-
7c · Gain or loss
securities $74,442
-
7d · Net gain or loss
total $74,442 · excluded $74,442
-
11a · Other revenue: CONTRACTS & SERVICES
total $1,011,780 · excluded $1,011,780
-
11b · Other revenue: REBATES
total $6,151 · excluded $6,151
-
11c · Other revenue: MISCELLANEOUS REVENUE
total $20 · excluded $20
-
11e · Other revenue, total
$1,017,951
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,010,000 · program services $1,010,000
-
2 · Grants to domestic individuals
total $151,050 · program services $151,050
-
5 · Compensation of officers, directors and key employees
total $1,207,287 · program services $739,763 · management and general $206,238 · fundraising $261,286
-
7 · Other salaries and wages
total $3,073,599 · program services $2,380,642 · management and general $493,325 · fundraising $199,632
-
8 · Pension plan contributions
total $114,779 · program services $83,154 · management and general $19,116 · fundraising $12,509
-
9 · Other employee benefits
total $664,411 · program services $466,258 · management and general $121,027 · fundraising $77,126
-
10 · Payroll taxes
total $313,697 · program services $230,566 · management and general $49,682 · fundraising $33,449
-
11b · Fees: legal
total $31,127 · program services $18,022 · management and general $8,383 · fundraising $4,722
-
11c · Fees: accounting
total $226,278 · program services $9,860 · management and general $213,835 · fundraising $2,583
-
11e · Fees: professional fundraising services
total $44,000 · fundraising $44,000
-
11f · Fees: investment management
total $597,331 · management and general $597,331
-
11g · Fees: other
total $971,630 · program services $866,804 · management and general $65,932 · fundraising $38,894
-
12 · Advertising and promotion
total $160,791 · program services $93,358 · management and general $43,134 · fundraising $24,299
-
13 · Office expenses
total $167,059 · program services $123,871 · management and general $31,003 · fundraising $12,185
-
14 · Information technology
total $299,016 · program services $167,842 · management and general $77,054 · fundraising $54,120
-
16 · Occupancy
total $700,346 · program services $618,781 · management and general $52,494 · fundraising $29,071
-
17 · Travel
total $221,090 · program services $169,913 · management and general $35,578 · fundraising $15,599
-
19 · Conferences, conventions and meetings
total $226,880 · program services $164,212 · management and general $40,018 · fundraising $22,650
-
20 · Interest
total $424,136 · program services $409,249 · management and general $14,887
-
22 · Depreciation, depletion and amortization
total $494,081 · program services $478,717 · management and general $11,517 · fundraising $3,847
-
23 · Insurance
total $299,413 · program services $222,021 · management and general $47,590 · fundraising $29,802
-
24a · Other expenses: EWS EXPENSES
total $118,374 · program services $118,374
-
24b · Other expenses: PROGRAM SUPPLIES
total $113,566 · program services $113,566
-
24c · Other expenses: TWLC EXPANSION EXPENSES
total $14,540 · program services $14,540
-
24d · Other expenses: TAXES & FEES
total $5,618 · management and general $5,618
-
24e · All other expenses
total $481 · program services $439 · management and general $27 · fundraising $15
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,438 · end of year $750
-
2 · Savings and temporary cash investments
beginning of year $6,431,765 · end of year $9,885,634
-
3 · Pledges and grants receivable
beginning of year $2,228,235 · end of year $1,393,094
-
4 · Accounts receivable
beginning of year $49,387 · end of year $193,007
-
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 $217,461 · end of year $1,570,370
-
10a · Land, buildings and equipment: cost or other basis
$16,762,992
-
10b · Land, buildings and equipment: accumulated depreciation
$8,296,915
-
10c · Land, buildings and equipment, net
beginning of year $8,653,810 · end of year $8,466,077
-
11 · Investments: publicly traded securities
beginning of year $51,437,114 · end of year $57,766,068
-
12 · Investments: other securities
beginning of year $40,126,167 · end of year $49,556,102
-
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 $352,800 · end of year $143,772
-
17 · Accounts payable and accrued expenses
beginning of year $753,788 · end of year $1,800,976
-
18 · Grants payable
beginning of year $731,700 · end of year $422,500
-
19 · Deferred revenue
beginning of year $545,890 · end of year $529,421
-
20 · Tax-exempt bond liabilities
beginning of year $6,695,239 · end of year $6,215,457
-
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 $232,982 · end of year $82,328
-
27 · Net assets without donor restrictions
beginning of year $95,409,906 · end of year $115,745,361
-
28 · Net assets with donor restrictions
beginning of year $5,128,672 · end of year $4,178,831
Mission and programs · 2022
Mission
AT TIGER WOODS FOUNDATION (DBA TGR FOUNDATION), WE BELIEVE IN A WORLD WHERE OPPORTUNITY IS UNIVERSAL, AND POTENTIAL IS LIMITLESS. OUR MISSION IS TO EMPOWER STUDENTS TO PURSUE THEIR PASSIONS THROUGH EDUCATION.
Activities or mission (Part I)
A NON-PROFIT THAT OPERATES SCHOOL FACILITIES,TEACHER TRAINING & EDUCATIONAL PROGRAMS FOR YOUTH.
-
SCHOOL DAYTHE TGR LEARNING LAB ANAHEIM, OUR 35,000-SQ FT EDUCATIONAL FACILITY, SERVES ELEMENTARY SCHOOL STUDENTS AND THEIR CLASSROOM TEACHERS FROM ACROSS SOUTHERN CALIFORNIA. IN SEPTEMBER 2022 WE OPENED THE SCHOOL DAY PROGRAM TO 6TH GRADERS IN ADDITION TO OUR CORE 5TH GRADE AUDIENCE. WHAT AWAITS STUDENTS AND TEACHERS IS AN EXCITING WEEK OF IMMERSIVE, HANDS-ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) LEARNING. WHETHER STUDENTS PARTICIPATE IN OUR FORENSIC SCIENCE OR MARINE SCIENCE CLASSES, EXPOSES STUDENTS TO STEM CAREERS AND SPARKS A PASSION FOR LEARNING.
Expenses $6,747,990 · Revenue $23,400
-
TIGER WOODS FOUNDATION COMMUNITY GRANTS PROGRAMTIGER WOODS FOUNDATION COMMUNITY GRANTS PROGRAM ALSO PROVIDES SUPPORT TO LOCAL COMMUNITIES BY PROVIDING FUNDING TO ORGANIZATIONS THAT SPECIALIZE IN EDUCATION AND YOUTH DEVELOPMENT. SPECIFICALLY, THE GRANT PROGRAM SERVES ORGANIZATIONS THAT ENHANCE THE YOUTH LEARNING PROCESS. THIS PROGRAM SUPPORTS ORGANIZATIONS, PROGRAMS, AND PROJECTS BY INVITATION ONLY AND ALL GRANTS ARE SUBJECT TO PRE- AND POST-QUALIFICATIONS SUBJECT TO APPLICABLE FEDERAL GUIDELINES.
Expenses $1,633,589 · Grants $1,010,000
-
THE EARL WOODS SCHOLAR PROGRAMSUPPORTING HIGH-POTENTIAL STUDENTS WITH DEMONSTRATED NEED AND A COMMITMENT TO COMMUNITY SERVICE, THE EARL WOODS SCHOLAR PROGRAM PROVIDES FINANCIAL ASSISTANCE AND SO MUCH MORE. EACH EARL WOODS SCHOLAR RECEIVES A DEDICATED MENTOR, CAREER DEVELOPMENT, ENRICHMENT WORKSHOPS AND ONGOING COUNSEL FROM OUR STAFF. TO ENCOURAGE PERSONAL GROWTH AND ENHANCE PROFESSIONAL DEVELOPMENT, THE EARL WOODS SCHOLAR PROGRAM PROVIDES AN ARRAY OF CAREER PLANNING AND ENGAGEMENT OPPORTUNITIES FOR SCHOLARS ON AN ANNUAL BASIS. BEFORE BEGINNING THEIR FIRST YEAR OF COLLEGE, ALL INCOMING SCHOLARS ARE WELCOMED INTO THE PROGRAM THROUGH THE PRE-COLLEGE RETREAT, WHICH COVERS A SERIES OF TOPICS THAT HELP PREPARE STUDENTS FOR COLLEGE LIFE. ONE OF THE PROGRAM'S STAPLES IS THE WINTER WORKSHOP, HELD ANNUALLY AT THE FLAGSHIP TGR LEARNING LAB ANAHEIM. OVER THE COURSE OF THE THREE-DAY EVENT, SCHOLARS FROM AROUND THE COUNTRY PARTICIPATE IN INFORMATIVE WORKSHOPS THAT INCLUDE RESUME WRITING, INTERVIEW TRAINING, GRADUATE SCHOOL AND HUMAN RESOURCES PREPARATION, INDUSTRY PANELS AND NETWORKING EVENTS. THE CORNERSTONE OF THE EARL WOODS SCHOLAR PROGRAM IS ITS MENTOR NETWORK. THESE VALUABLE RELATIONSHIPS ARE LIFE-CHANGING FOR SCHOLARS, MANY OF WHOM ARE FIRST-GENERATION STUDENTS WITH LITTLE OR NO PRACTICAL GUIDANCE FOR CAREER AND COLLEGE PLANNING. EACH EARL WOODS SCHOLAR IS PARTNERED WITH A DEDICATED MENTOR WHO SERVES AS AN ADVOCATE, CAREER COACH, PERSONAL ADVISOR, AND ROLE MODEL THROUGHOUT THEIR COLLEGE EXPERIENCE. AN EMPHASIS ON REAL-LIFE WORK AND CULTURAL EXPERIENCES IS HIGHLY ENCOURAGED AMONG THE EARL WOODS SCHOLARS AS AN AVENUE TO BUILD POWER SKILLS, PREPARE FOR THE WORKPLACE AND FOSTER KNOWLEDGE OF A SPECIALIZED CAREER. THROUGH PROFESSIONAL ENRICHMENT OPPORTUNITIES, SUCH AS JOB SHADOWING, INTERNSHIPS, INTERVIEW PREP, INDUSTRY PANELS AND MORE, THE PROGRAM PROVIDES VALUABLE RESOURCES AND INFORMATION THAT ASSIST SCHOLARS IN BUILDING THEIR RESUMES AS THEY PURSUE THEIR CAREER ASPIRATIONS. THE EARL WOODS SCHOLAR PROGRAM SUPPORTS ITS SCHOLARS BEYOND OBTAINING A COLLEGE DEGREE. TO ENSURE EACH SCHOLAR HAS A CLEAR AND FOCUSED EXIT STRATEGY UPON GRADUATION, WE HELP CREATE A PERSONALIZED CAREER PLAN THAT SUPPORTS THEIR DEFINITION OF SUCCESS. EARLY IN THEIR COLLEGE CAREER, WE INTEGRATE KEY ELEMENTS, SUCH AS SELF-ASSESSMENTS, CAREER EXPLORATION, DECISION-MAKING, AND ACTION STEPS THAT CONTRIBUTE TO THE NEXT STAGES OF THEIR CAREER PATHS. STARTING IN THEIR THIRD YEAR OF COLLEGE, SCHOLARS ENGAGE IN MONTHLY COACHING CALLS TO DEVELOP PRACTICAL SKILLS AND CREATE STRATEGIES TAILORED TO THEIR INDIVIDUAL NEEDS. SCHOLARS ARE AWARDED A FOUR-YEAR RENEWABLE SCHOLARSHIP WITH EDUCATIONAL RESOURCES SUMMING UP TO A TOTAL OF $25,000. IN CALENDAR YEAR 2023, THE FOUNDATION PROVIDED SCHOLARSHIPS TO OVER 263 INDIVIDUALS, INCLUDING 102 IN THE CURRENT YEAR.
Expenses $269,423 · Grants $151,050
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gordon McNeillGORDON MCNEILL
PRES/SEC/CEO (THRU 12/22)
- Total calculated
- $598,373
- From this org
- $267,500
- From related orgs
- $271,300
- Other
- $59,573
- Hours/week
- 30 + 30 related
Schedule J breakdown matched by us
- Base
- $267,500 + $266,300 related
- Bonus
- $0 + $5,000 related
- Other
- $0
- Deferred
- $0 + $12,200 related
- Nontaxable benefits
- $0 + $47,373 related
- Filer's total
- $267,500 + $330,873 related
-
Mike D McKeeMIKE D MCKEE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Alexis OhanianALEXIS OHANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill WoodleyBILL WOODLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris J HubmanCHRIS J HUBMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Danny ConwayDANNY CONWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed MachirED MACHIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim KimJIM KIM
DIRECTOR (THRU 11/22)
- Total calculated
- $0
- Hours/week
- 1
-
Jon OrszagJON ORSZAG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karina HamiltonKARINA HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken W BentleyKEN W BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leo TuckerLEO TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SteinbergMARK STEINBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Pete V UeberrothPETE V UEBERROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob LightROB LIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy BarrySANDY BARRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cyndi CourtCYNDI COURT
CEO/SEC (AS OF 7/5/23)
- Total calculated
- $0
- Hours/week
- 30 + 30 related
-
Jin ThatcherJIN THATCHER
COO
- Total calculated
- $323,382
- From this org
- $279,564
- From related orgs
- $0
- Other
- $43,818
- Hours/week
- 49 + 1 related
Schedule J breakdown matched by us
- Base
- $255,564
- Bonus
- $24,000
- Other
- $0
- Deferred
- $6,884
- Nontaxable benefits
- $36,934
- Filer's total
- $323,382
-
Cristina L FernandezCRISTINA L FERNANDEZ
VP PROGRAMS
- Total calculated
- $168,031
- From this org
- $136,105
- From related orgs
- $0
- Other
- $31,926
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,755
- Bonus
- $11,350
- Other
- $0
- Deferred
- $4,960
- Nontaxable benefits
- $26,966
- Filer's total
- $168,031
-
Gyla BellGYLA BELL
VP PROGRAMS
- Total calculated
- $161,026
- From this org
- $144,000
- From related orgs
- $0
- Other
- $17,026
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,000
- Bonus
- $12,000
- Other
- $0
- Deferred
- $4,400
- Nontaxable benefits
- $12,626
- Filer's total
- $161,026
-
Joseph HsuJOSEPH HSU
SR. DIRECTOR, IT
- Total calculated
- $150,169
- From this org
- $127,520
- From related orgs
- $0
- Other
- $22,649
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,800
- Bonus
- $10,720
- Other
- $0
- Deferred
- $4,720
- Nontaxable benefits
- $17,929
- Filer's total
- $150,169
-
Michelle S KimMICHELLE S KIM
SVP DEVELOPMENT
- Total calculated
- $250,841
- From this org
- $209,950
- From related orgs
- $0
- Other
- $40,891
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,950
- Bonus
- $18,000
- Other
- $0
- Deferred
- $7,704
- Nontaxable benefits
- $33,187
- Filer's total
- $250,841
-
Stacy StarkSTACY STARK
AVP EVENTS
- Total calculated
- $159,066
- From this org
- $120,633
- From related orgs
- $0
- Other
- $38,433
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $114,033
- Bonus
- $6,600
- Other
- $0
- Deferred
- $4,636
- Nontaxable benefits
- $33,797
- Filer's total
- $159,066
-
Katherine BihrKATHERINE BIHR
FORMER VP PROGRAMS & ED (THRU 12/21)
- Total calculated
- $116,902
- From this org
- $105,000
- From related orgs
- $0
- Other
- $11,902
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $105,000
- Deferred
- $0
- Nontaxable benefits
- $11,902
- Filer's total
- $116,902
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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 3
- COMPENSATION FROM RELATED ORGANIZATIONS THE PRESIDENT, SECRETARY AND CEO, GORDON MCNEIL, WAS COMPENSATED THROUGH TIGER WOODS FOUNDATION, INC., AND A RELATED 501(C)(3) ORGANIZATION, TIGER WOODS CHARITY EVENT CORPORATION, WHERE HE DEVOTED A COMBINED TOTAL OF 60 HOURS PER WEEK. IN CONJUNCTION WITH HIS DUTIES AS PRESIDENT AND CEO OF THE TIGER WOODS FOUNDATION, HE OVERSAW ALL TIGER WOODS LEARNING CENTERS AND ALL THE NATIONAL SCHOLARSHIP PROGRAMS.
- PART I, LINE 4A
- A SEVERANCE PAYMENT OF $116,902 WAS MADE TO KATHERINE BIHR IN CONNECTION WITH HER SEPERATION OF SERVICE IN DECEMBER 2021. THIS TAXABLE COMPENSATION WAS REPORTED IN PART II, COLUMNS (B)(III) AND (D).
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
-
GENESIS INSPIRATION FOUNDATION
$500,000
COMMUNITY SUPPORT
-
$170,000
COMMUNITY SUPPORT
-
COMMUNITY SUPPORT
-
$80,000
COMMUNITY SUPPORT
-
$50,000
COMMUNITY SUPPORT
-
$50,000
COMMUNITY SUPPORT
-
COMMUNITY SUPPORT
-
COMMUNITY SUPPORT
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.
-
TIGER WOODS CHARITY EVENT CORPORATION
501(C)(3) · FUNDRAISING · CA · controlled entity
Directly controlled by TWF
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
TGR LEARNING LAB PHILADELPHIA LLC
EDUCATION · PA · income $0 · assets $0
Directly controlled by TGR FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202442279349303644
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