2023-11-02T12:22:19-05:00 2022-12-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2022-01-01 362250699 National Golf Foundation Inc NATI 5617446006 501 N Highway A1A Jupiter FL 33477 Joseph Beditz President/CEO 5617446006 2023-10-29 1 Joseph Beditz 999009999 0 Scott Y Haynes CPA P01366363 5616896000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Joseph Beditz 501 N Highway A1A Jupiter FL 33477 3707902 0 X WWW.NGF.ORG X 1936 IL See Schedule O NGF's mission is to foster the growth and vitality of the game and business of golf. During 2022, NGF hosted its fourteenth annual golf business symposium with a draw of nearly 150 of the top executives in golf in attendance. The Symposiums covered topics related to the Evolution of Golf: Brand Image, Media, and Play, as well as the state of the golf industry. NGF did produce its annual reports: Graffis Report, Golf Participation in the US, and Golf Facilities in the US. These reports were delivered to approximately 4,000 members nationwide. In addition, NGF produced a biweekly electronic newsletter to more than 50,000 individuals in the golf industry reporting industry insights on the health of golf throughout the pandemic. 9 8 26 0 0 66318 321172 0 837303 962136 7611 60729 2218022 1913815 3384108 2936680 0 0 0 0 2399244 2301832 0 0 0 542198 627851 2941442 2929683 442666 6997 5958712 5488178 1017544 1182556 4941168 4305622 NGF's mission is to foster the growth and vitality of the game and business of golf. 0 0 NGF's mission is to foster the growth and vitality of the game and business of golf. During 2022, NGF hosted its fourteenth annual golf business symposium with a draw of nearly 150 of the top executives in golf in attendance. The Symposiums covered topics related to the Evolution of Golf: Brand Image, Media, and Play, as well as the state of the golf industry. NGF did produce its annual reports: Graffis Report, Golf Participation in the US, and Golf Facilities in the US. These reports were delivered to approximately 4,000 members nationwide. In addition, NGF produced a biweekly electronic newsletter to more than 50,000 individuals in the golf industry reporting industry insights on the health of golf throughout the pandemic. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 26 0 1 26 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 FL X Kim Isom 5617446006 501 N Highway A1A Jupiter FL 33477 John K Solheim Chairman 2.00 2.00 X X 0 0 0 Tim Schantz Vice Chairman 2.00 2.00 X X 0 0 0 Brad Hamilton Secretary/Treasurer 2.00 2.00 X X 0 0 0 Joe Assell Director 2.00 2.00 X 0 0 0 Anne Broholm Director 2.00 2.00 X 0 0 0 Mike McCarley Director 2.00 2.00 X 0 0 0 Annika Sorenstam Director 2.00 2.00 X 0 0 0 Dick Sullivan Director 2.00 2.00 X 0 0 0 Joseph Beditz President & CEO 18.00 22.00 X 497922 0 47156 Kim Isom Chief Financial Officer 27.00 13.00 X 109431 0 7190 Gregory Nathan Chief Business Officer 34.00 6.00 X 279518 0 32291 Ted Eleftheriou VP of Player Development 30.00 10.00 X 179000 0 21101 David Lorentz Chief Research Officer 6.00 34.00 X 149977 0 15195 Adam Roland Business Resource Consulta 40.00 0.00 X 192604 0 23191 Clark Brown Director of Research 8.00 32.00 X 129705 0 19531 Richard Singer Director of Consulting Services 0.00 40.00 X 127285 0 14233 Kevin McLendon Director of Product Services 40.00 0.00 X 117091 0 24260 David Berg Director of MIS 32.00 8.00 X 107092 0 19627 1889625 0 223775 10 0 1 0 0 Member Services 900099 962136 962136 962136 60546 60546 4589 4589 183 0 183 183 183 2485663 771222 1714441 1714441 NGF-Newsletter 900099 141666 141666 Sponsorship-International Databas 900099 50000 50000 Marketing - Leadership Symposium 900099 2059 2059 1060 1060 194785 2936680 2871362 0 65318 973505 1061474 19464 122341 125048 8550 32725 885 150397 53497 207430 6278 242691 38752 86977 62171 23888 Product Development 25720 Meals & Entertainment 24841 Overhead Allocation -336951 2929683 200 200 151129 350638 264496 195343 2917 2528 89144 112961 967667 752335 199937 215332 4063085 3722175 1187804 889001 5958712 5488178 762696 553808 101434 133865 153414 494883 1017544 1182556 X 4941168 4305622 4941168 4305622 5958712 5488178 6997 -642543 0 X X 0 1 X 1 0 213723 95500 118223 705778 622054 83724 48166 34781 13385 215332 Deposits 12000 Other Asset Logo Items 961 Due From Related Entities 429565 Right of Use Leases, Net 446475 889001 Deferred Compensation 44318 Lease Obligations 450565 494883 X 3065359 -642543 771222 128679 2936680 0 2936680 3700905 771222 771222 2929683 0 2929683 Part X, Line 2: NGF is a not-for-profit corporations under Internal Revenue Code Section 501(c)(6), and as such, is exempt from federal and state income taxes, except for unrelated business taxable income, which is subject to taxation at regular corporate income tax rates. The Foundation follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Foundation assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Foundation uses the prescribed "more likely than not" threshold when making their assessment. There are currently no open Federal or State tax years under audit. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 771,222. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 771,222. X 1 1 X X X X 0 0 0 Joseph Beditz President & CEO 317305 0 180617 0 0 0 34034 0 13122 0 545078 0 0 0 Gregory Nathan Chief Business Officer 175553 0 103965 0 0 0 15092 0 17199 0 311809 0 0 0 Adam Roland Business Resource Consulta 138260 0 54344 0 0 0 6140 0 17051 0 215795 0 0 0 Ted Eleftheriou VP of Player Development 148100 0 30900 0 0 0 4050 0 17051 0 200101 0 0 0 David Lorentz Chief Research Officer 130664 0 19313 0 0 0 7651 0 7544 0 165172 0 0 0 Form 990, Part VI, Section B, line 11b Copies of Form 990 are not provided to each board member but are available upon request. Form 990, Part VI, Section B, line 15a Compensation Committee reviews salary information from the Golf Executive Salary List published by Golf Digest, as well as data from National Compensation Study: Association Chief Staff Executive, 2018-2019 edition published by the American Research Company to determine annual compensation agreements. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, financial statements available to the public upon request. 990 Part XII Line 2C The audit oversight committee has not changed from prior years. The audit report is presented to the audit report review committee at the annual audit report review meeting. National Golf Foundation 1 501 N Highway A1A Jupiter FL 33477 362921655 Support for National Golf Foundation IL 501(C)(3) Sch A Part I Line 9 National Golf Foundation Inc 1 National Golf Foundation Consulting Inc 501 N Highway A1A Jupiter FL 33477 650074324 Golf Business Research, Information and Consulting DE C 1.00000 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 National Golf Foundation 1 Inc D National Golf Foundation Consulting Inc E