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Nonprofiteer
← WORLD GOLF FOUNDATION INC

Form 990 for tax year 2023

Filed by WORLD GOLF FOUNDATION INC.

Totals

Total revenue
$10,867,139
Total expenses
$9,945,264
Contributions and grants received
$8,921,272
Grants paid
$775,000
Program services expenses (Part IX)
$8,379,407
Management and general expenses
$1,244,360
Fundraising expenses
$321,497
Program service expenses (Part III)
$8,379,407

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GREGORY T MCLAUGHLIN

    PRESIDENT/CHIEF EXEC OFFICER

    Total calculated
    $340,764
    From this org
    $340,764
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,331
    Bonus
    $221,694
    Other
    $8,739
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $340,764

  • HERB CAIN

    Facilities Director

    Total calculated
    $131,094
    From this org
    $118,160
    From related orgs
    $0
    Other
    $12,934
    Hours/week
    40

  • Andrew Yeast

    Sr. Dir, Industry Engagement

    Total calculated
    $107,498
    From this org
    $102,101
    From related orgs
    $0
    Other
    $5,397
    Hours/week
    40

  • Jess Munroe

    Sr. Dir, Guest Services Ops

    Total calculated
    $103,458
    From this org
    $94,265
    From related orgs
    $0
    Other
    $9,193
    Hours/week
    40

  • JAY MONAHAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARTIN SLUMBERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SETH WAUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLIE MARCOUX SAMAAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • E WILLIAM JONES JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH PELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL P WHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RHETT EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Tetsworth

    Secretary

    Total calculated
    $0
    Hours/week
    10

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 — 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HEALTH OR SOCIAL CLUB DUES WERE PAID FOR GREG MCLAUGHLIN DURING 2023. TO THE EXTENT THAT THE INDIVIDUAL'S USE OF THE CLUB WAS FOR PERSONAL PURPOSES, THE VALUE OF THAT PERSONAL USE WAS CONSIDERED TAXABLE WAGES AND WAS INCLUDED IN HIS W-2.
PART I, LINE 7
THE ORGANIZATION HAS A LONG-TERM INCENTIVE PLAN THAT IS BASED ON GROWING PROGRAM SERVICES AND EXPANDING THE DONOR BASE. THE ORGANIZATION AWARDED A DISCRETIONARY BONUS TO GREG MCLAUGHLIN REPORTED ON ITS FORM 990 BASED ON HIM HAVING MET SPECIFIC OBJECTIVE PERFORMANCE-BASED CRITERIA. BONUSES ARE AUTHORIZED AND APPROVED BY THE ORGANIZATION'S COMPENSATION COMMITTEE WITHOUT ANY DECISION-MAKING INPUT BY THE RECIPIENT OF THE BONUS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202413119349303551

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

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