2023-11-13T15:22:45-06:00 2022-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 592998925 World Golf Foundation Inc % DIANE TETSWORTH WORL 9049404000 1 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 GREGORY MCLAUGHLIN PRESIDENT/CEO 9042853700 2023-11-09 GREGORY MCLAUGHLIN 999009999 SCOTT THOMPSETT P00741490 2125990100 2023-11-09 2 2022 2023-04-26 12:10:37Z X GREGORY MCLAUGHLIN 1 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 16453027 false X WORLDGOLFFOUNDATION.ORG X 1989 FL To unite the golf industry around initiatives that promote, enhance the growth of, and provide access to the game worldwide. (See attachment 1 for Full Mission Statement). 9 8 47 60 762283 0 13949759 13718034 1061009 1395326 75031 46048 780358 982234 15866157 16141642 160600 897000 0 0 2337920 2550096 0 0 336437 9581198 8711997 12079718 12159093 3786439 3982549 17767849 18735829 5011958 2249439 12755891 16486390 X TO UNITE THE GOLF INDUSTRY AROUND INITIATIVES THAT PROMOTE, ENHANCE THE GROWTH OF AND PROVIDE ACCESS TO THE GAME WORLDWIDE, WHILE PRESERVING GOLF'S TRADITIONAL VALUES AND PASSING THEM ON TO OTHERS. IT ACCOMPLISHES ITS MISSION THROUGH: 1. AMERICAN GOLF INDUSTRY COALITION UNITES AND ACTIVATES THE GOLF INDUSTRY AROUND KEY STRATEGIC INITIATIVES THAT INCREASE PARTICIPATION AND RETENTION OF PARTICIPANTS, INSPIRE INVOLVEMENT AND INTEREST IN THE GAME, AND PROMOTE SUSTAINABLE BEST PRACTICES FOR GOLF FACILITIES. 2. WORLD GOLF HALL OF FAME CELEBRATES GOLF AND PRESERVES THE LEGACIES OF THOSE WHO HAVE MADE IT GREAT. false false 8695003 834171 World Golf Foundation, Inc. (the "Foundation"), which is supported by major international golf organizations and professional tours, oversees the World Golf Hall of Fame & MUSEUM (4a), American Golf Industry Coalition (4b) and other nonprofit components. The Foundation has a dual mission. The mission of the foundation is to preserve the history of the game and the legacies of those who have made it great and to create entertaining and educational exhibits for the enjoyment of the general public. These elements of the Foundation work together to promote growth of the game of golf among adults, youth, and minorities as well as in the golf industry. The Foundation is supported by major golf organizations and professional tours throughout the world including: American Junior Golf Association American Society of Golf Course Architects Asian Tour Club Managers Association of America Golf Canada Golf Course Builders Association of America Golf Course Superintendents Association of America Golf Writers Association of America International Association of Golf Administrators Japan Golf Tour Organization Korn Ferry Tour Ladies Professional Golf Association National Golf Course Owners Association National Golf Foundation PGA of America PGA TOUR INC. PGA TOUR Champions The PGA European Tour THE MASTERS TOURNAMENT The R&A Royal Canadian Golf Association Southern Africa PGA Tour United States Golf Association World Golf Hall of Fame & MUSEUM opened its museum facility ("Museum") in May 1998 providing visitors an opportunity to learn about the rich history, values and deeply rooted traditions of the game through interactive exhibits, unique storytelling and a compelling guest experience. The World Golf Hall of Fame IMAX Theater provides a mix of IMAX films that provide educational opportunities for area school children and the general public. The World Golf Hall Of Fame Museum and facility encompasses approximately 75,000 square feet and holds more than 70 separate exhibits that combine historical artifacts with the latest interactive technology. The artifacts on display are representative of the history of golf and many of the artifacts are on loan to the Foundation from various individuals and golf organizations for use in the guest experience. The World Golf Hall of Fame and Museum conducts a biennial induction ceremony to enshrine the greatest players and contributors. Enshrinement can include (both male and female) professional players, accomplished amateurs and individuals who have made substantial contributions to the game outside of the competitive arena. 1953828 897000 The American Golf Industry Coalition's mission is to unite and activate the golf industry around key strategic initiatives that increase participation and retention of participants, inspire involvement and interest in the game, and promote the sustainable best practices for golf facilities. One of American Golf Industry Coalition's major initiatives has been a comprehensive analysis of golf's significant contributions to the U.S. economy. American Golf Industry Coalition, working in conjunction with research partners, has provided detailed snapshots of golf's role in underpinning a healthy economy at both the state and national levels. The most recent report, the 2022 Golf Economy Report, measured golf's direct economic contributions in the U.S. at $101.7 billion, and found that the industry has impacted 1.65 million jobs with total wage income of $80.1 billion. Efforts are also ongoing to quantify golf's impact at the state level. American Golf Industry Coalition also serves to unite and strengthen inclusion practices across golf participation, workforce and procurement. Under the brand 'Make Golf Your Thing,' programs include grants to grassroot organizations, activations at historically black colleges and universities, and marketing to build awareness for industry jobs. 10648831 true true false true false false false true false false true false false false true true true false false false false false false false false false false true false true true false false false false false false false false false false true false false false false false false false false true 46 0 true 47 true true true false false false false false false false false false false false X 9 8 true false false false false true false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA HI IL IA KS KY LA ME MD MA MI MN MS MT NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X DIANE TETSWORTH 9049404000 1 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 X GREGORY T MCLAUGHLIN PRESIDENT/CHIEF EXEC OFFICER 40.0 0.0 X X 324354 0 0 JASON GARROW VP of Business Development 40.0 0.0 X 160930 0 18043 HERB CAIN Facilities Director 40.0 0.0 X 111249 0 11628 JAY MONAHAN CHAIRMAN 1.0 0.0 X X 0 0 0 MARTIN SLUMBERS TREASURER 1.0 0.0 X X 0 0 0 SETH WAUGH DIRECTOR 1.0 0.0 X 0 0 0 MOLLIE MARCOUX SAMAAN DIRECTOR 1.0 0.0 X 0 0 0 E WILLIAM JONES JR DIRECTOR 1.0 0.0 X 0 0 0 KEITH PELLEY DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL P WHAN DIRECTOR 1.0 0.0 X 0 0 0 RHETT EVANS DIRECTOR 1.0 0.0 X 0 0 0 Diane Tetsworth Secretary 10.0 0.0 X 0 0 0 596533 0 29671 3 false true false P2 Pathway Public Affairs LLC 1401 H Street NW Suite 550 WASHINGTON DC 20005 MARKETING SERVICES 150000 STN Digital LLC 4903 Morena Blvd 1206 SAN DIEGO CA 92117 CONSULTING SERVICES 123415 2 2893907 10824127 3129821 13718034 IMAX THEATER 900099 742548 181393 561155 WORLD GOLF HALL OF FAME 900099 652778 652778 1395326 45482 45482 0 523267 523267 84184 31389 52795 0 52795 52795 38947 38381 566 566 0 0 0 0 0 0 611006 241615 369391 0 201128 168263 MISCELLANEOUS 900099 36781 36781 36781 16141642 834171 762283 826588 897000 897000 0 0 0 324354 291919 32435 0 1826121 1228015 444549 153557 54964 48810 3943 2211 226625 205222 13859 7544 118032 109771 2657 5604 0 0 0 0 48170 23603 15896 8671 50222 0 50222 0 76000 76000 0 0 0 0 0 287962 266346 698 20918 403961 403961 0 0 601211 590622 10266 323 201834 184427 14603 2804 445594 445594 0 0 1120674 762193 358324 157 56943 42405 1288 13250 0 0 0 0 18989 18668 7 314 50648 50648 0 0 0 0 0 0 741086 592869 148217 0 39277 393 38491 393 PUBLIC SERVICE ANNOUNCEMENTS 3099903 3099903 0 0 HOF INDUCTION CEREMONIES 1120397 1120397 0 0 FUNDRAISING CHARGES 108316 0 0 108316 PROFESSIONAL DUES 18111 14363 497 3251 222699 175702 37873 9124 12159093 10648831 1173825 336437 4758905 4660493 831837 2835518 0 0 218903 69568 0 0 0 0 0 0 28656 41063 107027 84887 50103878 40294797 10389312 9809081 1433209 1210454 0 0 0 0 0 0 0 24765 17767849 18735829 908024 858990 0 0 1089286 10823 3014648 1338996 0 0 0 0 0 0 0 0 0 40630 5011958 2249439 X 10123871 13551035 2632020 2935355 12755891 16486390 17767849 18735829 3982549 -252050 X false true X true true true X 24858147 39895167 13992594 13949759 13718034 106413701 0 0 24858147 39895167 13992594 13949759 13718034 106413701 48822071 57591630 1515936 1849437 632326 601967 652933 5252599 157774 201127 358901 36781 36781 112061982 11567897 0.51393 0.52706 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76000 76000 12083093 12159093 757955 189489 false 1000000 1000000 1000000 1000000 4000000 6000000 220358 220843 57000 76000 574201 250000 250000 250000 250000 1000000 1500000 X X X false 33701 33701 35091620 27336606 7755014 14978556 12958190 2020366 9809081 0 OPERATING LEASE LIABILITY - LT 24765 DUE TO RELATED PARTY 15865 40630 X 16408271 245677 20952 266629 16141642 16141642 12677774 245677 273004 518681 12159093 12159093 PART III, LINE 4 THE WORLD GOLF HALL OF FAME'S PROGRAM ACTIVITIES INCLUDE A MUSEUM OF GOLF RELATED ARTIFACTS OF HISTORICAL AND EDUCATIONAL SIGNIFICANCE. THESE ITEMS ALSO INCLUDE MEMORABILIA FROM THE INDUCTEES' CAREERS AND PERSONAL LIVES, SUCH AS CLUBS, BALL MARKERS AND TOOLS USED TO CRAFT THESE ITEMS. SOME OF THE COLLECTION IS OWNED BY THE WORLD GOLF FOUNDATION AND SOME OF IT IS ON LOAN FROM THE ARTIFACT OWNER. PART X, LINE 2 The Foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Foundation is exempt from federal income tax under Internal Revenue Code ("IRC") Section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The Foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in its consolidated financial statements. In addition, the Foundation has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities. PART XI, LINE 2d Rental and Inventory Expenses Reclassed to Offset Revenue on Form 990, Part VIII $20,953 Rounding ($1) PART XII, LINE 2d Rental and Inventory Expenses Reclassed $273,004 to offset revenue on Form 990, Part VIII true A Perfect Swing Foundation Inc PO Box 38091 Charlotte NC 28278 471925614 501(c)(3) 10000 GENERAL SUPPORT Adaptive Golfers 23 Stoneybrook Lane Oak Ridge NJ 07438 812937533 501(c)(3) 12500 General Support Excel Youth Academy 252 creek front way Lawrenceville GA 30044 830606909 501(c)(3) 10000 General Support FairWays to Leadership Inc 9608 OSPREY LANDING DR ORLANDO FL 32832 853872734 501(c)(3) 27500 General Support GOLF MY FUTURE MY GAME 5335 WISCONSIN AVE NW STE 440 Suite Washington DC 20015 812550379 501(c)(3) 35000 General Support Greater Cleveland Junior Golf Scholarship Fund In PO Box 46766 Bedford OH 44146 341759359 501(c)(3) 30000 General Support Jackson Park Golf Association 5424 So Kimbark Avenue Chicago IL 60615 823374157 501(c)(3) 27500 General Support Midnight Golf Program 30100 Telegraph Road Suite 404 Bingham Farms MI 48025 383580432 501(c)(3) 35000 General Support Par Excellence Youth Development (PEYD) 604 Jordan Lane Huntsville AL 35816 811055365 501(c)(3) 12500 General Support SwingPals Inc PO Box 2994 Durham NC 27715 274234469 501(c)(3) 20000 General Support Be Counted on Foundation 443 Kasons Way COLUMBUS OH 43230 844268454 501(c)(3) 10000 GENERAL SUPPORT Black College Golf Coaches Association Foundation 300 Vestavia Pkwy Ste 300 Vestavia AL 35216 852468485 501(c)(3) 25000 GENERAL SUPPORT Cameron Champ Foundation 7000 Verner Ave Citrus Heights CA 95621 833654069 501(c)(3) 12500 GENERAL SUPPORT Inspiring Greatness in You 175 Adrians Lane Covington GA 30016 842355486 501(c)(3) 10000 GENERAL SUPPORT FabNewport Inc PO BOX 3562 NEWPORT RI 02840 463237048 501(c)(3) 10000 GENERAL SUPPORT Fore Life Inc 4141 NW 16th Street Lauderhill FL 33313 830412490 501(c)(3) 20000 GENERAL SUPPORT Future Successors 711 Cosmopolitan Drive Suite 309 Atlanta GA 30324 383877530 501(c)(3) 10000 GENERAL SUPPORT Gator Junior Golf 9200 NW 39th Ave Suite 130-3207 Gainsville FL 32606 815253771 501(c)(3) 10000 GENERAL SUPPORT Peggy Kirk Bell Girls Golf Tour 5834 Bur-Mil Club Rd Greensboro NC 27410 311713878 501(c)(3) 10000 GENERAL SUPPORT Harris Park Midtown Sports and Activities Center 4029 Wayne Avenue Kansas City MO 64110 819579459 501(c)(3) 10000 GENERAL SUPPORT I AM a Golfer Foundation PO Box 196149 Dallas TX 75219 832567899 501(c)(3) 35000 GENERAL SUPPORT ICYG 1032 Center Stone Lane Rivera Beach FL 33404 650978868 501(c)(3) 12500 GENERAL SUPPORT Latina Golfers Association Foundation 1832 Bovett St Los Angeles CA 90012 880542528 501(c)(3) 10000 GENERAL SUPPORT The First Tee of Central Mexico 1704 - B Llano St 348 Santa Fe NM 87505 203586672 501(c)(3) 10000 GENERAL SUPPORT Matrix Human Services 1400 Woodbridge St Detroit MI 48207 381358015 501(c)(3) 10000 GENERAL SUPPORT Moore-Myers Children's Fund Inc PO Box 311620 Atlanta GA 31131 831765266 501(c)(3) 15000 GENERAL SUPPORT New Jersey Golf Foundation Inc 811 Rattlesnake Bridge Rd Bedminster NJ 07921 201213527 501(c)(3) 10000 GENERAL SUPPORT Next 18 Inc 503 W Dean Rd Fox Point WI 53217 880823848 501(c)(3) 10000 GENERAL SUPPORT Edu-Sports Academy PO Box 2671 Willingboro NJ 08046 320308182 501(c)(3) 10000 GENERAL SUPPORT Range Fore Hope Foundation PO Box 41 Blythwood SC 29016 861691628 501(c)(3) 30000 GENERAL SUPPORT Socorro Independent School District 12440 Rojas Dr El Paso TX 79928 746029385 501(c)(3) 10000 GENERAL SUPPORT Southern Area Youth Programs Inc PO Box 470017 Los Angeles CA 90047 954549435 501(c)(3) 10000 GENERAL SUPPORT Ted Rhodes Foundation Inc 10730 S Eberhart Ave Chicago IL 60628 621610441 501(c)(3) 20000 GENERAL SUPPORT The Glove Foundation 570 Selma St Mobile AL 36603 453113286 501(c)(3) 10000 GENERAL SUPPORT The Pinkney Foundation 23 Rangewood Court Pittsburg CA 94565 831000830 501(c)(3) 25000 GENERAL SUPPORT The SCGA Foundation 3740 Cahuenga Blvd Studio City CA 91604 953858373 501(c)(3) 12500 GENERAL SUPPORT First Tee Greater Tyler 6284 CR 152 W Bullard TX 75757 320223589 501(c)(3) 10000 GENERAL SUPPORT Upstate-Carolina Adaptive Golf 25 Louise Ave Greenville SC 29617 832703634 501(c)(3) 25000 GENERAL SUPPORT Western States Junior Golf Association PO Box 2993 Corona CA 92878 Corona CA 92878 860946791 501(c)(3) 10000 GENERAL SUPPORT Women in Golf Foundation Inc PO Box 16834 Atlanta GA 30321 582527454 501(c)(3) 15000 GENERAL SUPPORT Women of Color Golf Inc 700 SHarbour Island Blvd Ste 424 Tampa FL 33602 611734645 501(c)(3) 10000 GENERAL SUPPORT The First Tee Tulsa Inc 5223 East 41st Street North Tulsa OK 74115 731622118 501(c)(3) 10000 GENERAL SUPPORT 42 0 SCHEDULE I, PART 1, LINE 2 Grants to 501(c)(3) organizations or government municipalities are facilitated through the American Golf Industry Coalition, a division of the World Golf Foundation, Inc. Eligible organizations apply for the grants and a select committee reviews and authorizes the grants. Prior to grant distribution, the grantee signs a grant agreement confirming they will provide a report summarizing the impact of the grant and providing progress towards furthering and promotion of the purpose of the grant. X true true X X X X false false false false false false false true false GREGORY T MCLAUGHLIN PRESIDENT/CHIEF EXEC OFFICER 106087 0 212538 0 5729 0 0 0 0 0 324354 0 0 JASON GARROW VP of Business Development 133778 0 25941 0 1211 0 18043 0 0 0 178973 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES WERE PAID FOR GREG MCLAUGHLIN DURING 2022. 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. A St Johns County Industrial Development Authority 592146640 2012-10-21 16068385 REFUND PRIOR ISSUE 7/26/2001 false false false A 14729389 0 0 16068385 0 0 91171 0 0 0 15977214 0 2012 true false true true A 0 A false false false true false false 0 false 0 false true A true SCHEDULE K, PART IV, LINE 2C THE WORLD GOLF FOUNDATION COMMISSIONED AN ARBITRAGE REBATE REPORT FROM AN INDEPENDENT THIRD PARTY IN OCTOBER OF 2018. THE ISSUED REPORT CONFIRMED THAT THERE IS NO REBATE DUE ON THE OUTSTANDING BOND. X PUBLIC SERVICE ANNOUNCEMENTS 1 3099903 FMV X COMPUTER EQUIPMENT 1 3772 FMV X GOLF EQUIPMENT 1 26146 FMV false true true SCHEDULE M PART I COLUMN (B) THE ORGANIZATION IS REPORTING IN COLUMN (B) THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M PART I LINE 32B WHEN SECURITIES ARE DONATED, A THIRD PARTY BROKERAGE COMPANY SELLS THE STOCK FOR WORLD GOLF FOUNDATION. PART VI, LINE 7A THE FOUNDATION'S BOARD IS COMPRISED OF NINE INDIVIDUALS; UNDER THE BYLAWS, SEVEN OF THE DIRECTORS ARE NAMED BY TITLE AND MUST BE ELECTED AS DIRECTORS BY VIRTUE OF THEIR OFFICIAL CAPACITY IN EACH OF THE FOLLOWING SEVEN MAJOR GOLF ORGANIZATIONS - THE PGA TOUR, UNITED STATES GOLF ASSOCIATION, PROFESSIONAL GOLF ASSOCIATION OF AMERICA, LADIES PROFESSIONAL GOLF ASSOCIATION OF AMERICA, THE MASTERS TOURNAMENT, THE R&A, AND THE PGA EUROPEAN TOUR. AS A RESULT, THESE SEVEN GOLF ORGANIZATIONS HAVE LIMITED DISCRETION TO ELECT SEVEN OF THE NINE DIRECTORS. UNDER THE BYLAWS, ADDITIONAL DIRECTORS CAN BE ELECTED BY THE EXISTING DIRECTORS AND ARE NOT SELECTED BY ANY OTHER PERSONS OR ORGANIZATIONS. PART VI, LINE 11B THE RETURN WAS REVIEWED IN DETAIL BY THE SENIOR VICE PRESIDENT OF FINANCE AND GRANT THORNTON. THE 990 RETURN AS FILED WITH THE IRS WAS ALSO MAILED/EMAILED TO THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE. PART VI, LINE 12C THE EMPLOYEE HANDBOOK CONTAINS COMPREHENSIVE CONFLICTS OF INTEREST POLICIES AND REPORTING PROCEDURES THAT GOVERN ALL EMPLOYEES, INCLUDING KEY EMPLOYEES AND OFFICERS WHO ARE ALSO EMPLOYEES. EACH EMPLOYEE SIGNS A CERTIFICATION WHEN THEY REVIEW THE CONFLICTS OF INTEREST SECTION OF THE EMPLOYEE HANDBOOK, AND THE EMPLOYEE HANDBOOK IS POSTED AT ALL TIMES ON THE ORGANIZATION'S INTRANET WEB SITE. THERE IS NO ANNUAL WRITTEN DISCLOSURE FORM. EMPLOYEES ARE REQUIRED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO AN OFFICER OR THE DIRECTOR OF TALENT AND CULTURE PROMPTLY AS THEY ARISE MONITORING AND MANAGING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ON THE BOARD OF DIRECTORS AND AMONG EMPLOYEES IS THE RESPONSIBILITY OF THE CHIEF EXECUTIVE OFFICER, WITH ADVICE AND CONSULTATION FROM OTHER OFFICERS, DIRECTORS, SUPERVISORY STAFF AND THE DIRECTOR OF TALENT AND CULTURE. AS STATED IN THE EMPLOYEE HANDBOOK EMPLOYEES AND OFFICERS WHO ARE ALSO EMPLOYEES ARE REQUIRED TO REPORT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND TO TAKE APPROPRIATE ACTION INCLUDING ADEQUATE DISCLOSURE AND NOT PARTICIPATING IN DECISIONS THAT INVOLVE THE CONFLICT OF INTEREST. PART VI, LINE 15A AND 15B THE 2022 COMPENSATION WAS DECIDED BY THE COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS BASED ON SEVERAL CRITERIA INCLUDING A WRITTEN REPORT WITH COMPARABILITY DATA FROM THE GOLF INDUSTRY. A WRITTEN RECORD WAS MADE OF THE COMMITTEE'S COMPENSATION DECISIONS. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES WAS DETERMINED BY THE COMPENSATION COMMITTEE, WITH ALL SUCH COMPENSATION REFLECTED IN THE BUDGET APPROVED BY THE DIRECTORS. PART VI, LINE 19 THE ARTICLES OF INCORPORATION ARE AVAILABLE ANYTIME ONLINE FROM THE STATE OF FLORIDA, DIVISION OF CORPORATIONS. THE BYLAWS, THE CONFLICT OF INTEREST POLICY, AND THE AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.