2023-11-15T08:05:13-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 750055465 LADIES PROFESSIONAL GOLF ASSOCIATION LADI 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 321241092 KATHRYN MILTHORPE CFO 3862746200 2023-11-14 1 KATHRYN MILTHORPE XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MOLLIE MARCOUX SAMAAN 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 321241092 180149741 0 X WWW.LPGA.COM X 1950 FL TO PROMOTE WORLDWIDE INTEREST IN THE GAME OF WOMEN'S PROFESSIONAL GOLF. 15 6 169 6000 0 0 1990000 1990000 163745004 177533011 55555 626730 0 0 165790559 180149741 1737077 1063780 0 0 16196345 20987262 0 0 0 138782970 150505457 156716392 172556499 9074167 7593242 104190888 102781228 82488951 73486049 21701937 29295179 TO PROMOTE WORLDWIDE INTEREST IN THE GAME OF WOMEN'S PROFESSIONAL GOLF. PRIMARY ACTIVITIES INCLUDE SANCTIONING AND ADMINISTERING GOLF TOURNAMENTS AND PROVIDING EDUCATION AND CERTIFICATION OPPORTUNITIES FOR INDIVIDUALS IN THE GOLF INDUSTRY. 0 0 THE LADIES PROFESSIONAL GOLF ASSOCIATION PROMOTES THE GLOBAL DEVELOPMENT OF WOMEN'S PROFESSIONAL GOLF THROUGH INSTRUCTIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS, AND THROUGH ITS SANCTIONING OF LPGA TOUR AND EPSON TOUR TOURNAMENTS, AND PROVIDING SUPPORT THROUGH ITS JOINT VENTURE RELATIONSHIP WITH THE LADIES EUROPEAN TOUR (LET). THE LADIES PROFESSIONAL GOLF ASSOCIATION IS INVOLVED IN HOSTING A NUMBER OF TOURNAMENTS FOR ITS LPGA TEACHING PROFESSIONALS MEMBERSHIP INCLUDING A NATIONAL CHAMPIONSHIP, TEAM CLASSIC AND OTHER REGIONAL TOURNAMENTS, AS WELL AS HOSTING QUALIFYING TOURNAMENTS FOR INDIVIDUALS SEEKING LPGA AND EPSON TOUR MEMBERSHIP. THE LET ALSO HOSTS QUALIFYING TOURNAMENTS FOR THOSE SEEKING LET MEMBERSHIP. THE LADIES PROFESSIONAL GOLF ASSOCIATION IS INVOLVED IN THE DEVELOPMENT OF A NUMBER OF EDUCATIONAL AND INSTRUCTIONAL PROGRAMS FOR ITS MEMBERS AND OTHERS IN THE GOLF INDUSTRY. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 698 0 1 169 1 0 1 UK 0 0 0 0 0 0 X 15 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X KATHRYN MILTHORPE 3862746200 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 321241092 X LYDIA KO PLAYER/DIRECTOR 5.00 0.00 X 3945771 0 0 MOLLIE MARCOUX SAMAAN COMMISSIONER 36.00 6.00 X X 985494 0 27253 ALLY EWING PLAYER/DIRECTOR (AS OF 1/22) 5.00 0.00 X 557825 0 0 STACY LEWIS PLAYER/DIRECTOR (AS OF 1/22) 5.00 0.00 X 386512 0 0 VICKI GOETZE-ACKERMAN PRESIDENT/PLAYER/DIRECTOR 30.00 1.00 X X 98896 0 23319 ALENA SHARP PLAYER/DIRECTOR 5.00 0.00 X 99884 0 0 AMY OLSON PLAYER/DIRECTOR 5.00 0.00 X 87246 0 0 MARVOL BARNARD MEMBER/DIRECTOR 2.00 0.00 X 33850 0 0 MICHELLE WIE WEST PLAYER/DIRECTOR 5.00 0.00 X 21156 0 0 DIANE GULYAS CHAIRPERSON 3.00 0.00 X 0 0 0 MICHELLE MEYER-SHIPP DIRECTOR (AS OF 1/22) 2.00 0.00 X 0 0 0 JON IWATA DIRECTOR 2.00 0.00 X 0 0 0 MADELEINE KLEINER DIRECTOR 2.00 0.00 X 0 0 0 TOM SCHOEWE DIRECTOR 2.00 0.00 X 0 0 0 JOHN VEIHMEYER DIRECTOR 2.00 0.00 X 0 0 0 MARIAN MOORE CLO/SECRETARY 31.00 11.00 X 455474 0 23412 KATHRYN MILTHORPE CFO/TREASURER 31.00 11.00 X 389730 0 30746 NANCY HENDERSON CHIEF TEACHING OFFICER 20.00 22.00 X 346813 0 24652 RICKI LASKY CHIEF TOURNAMENT BUS. OFFICER 40.00 0.00 X 431115 0 30697 KELLY HYNE CHIEF SALES OFFICER (THRU 10/22) 40.00 0.00 X 302725 0 14896 MICHAEL NICHOLS CHIEF BUS. OFF. - EPSON (THRU 8/22) 40.00 0.00 X 285126 0 21014 JIN PYUN CHIEF BUS. OFFICER - ASIA 40.00 0.00 X 287825 0 11873 MATTHEW CHMURA CHIEF MARKETING OFFICER (AS OF 4/22) 40.00 0.00 X 250385 0 744 ROBERTA BOWMAN CHIEF BRAND & COMM OFF. (THRU 10/22) 40.00 0.00 X 208392 0 5668 HEATHER DALY-DONOFRIO CHIEF TOURN OPS OFF. (THRU 4/22) 40.00 0.00 X 177919 0 10519 BRIAN CARROLL EVP GLOBAL MEDIA 40.00 0.00 X 255440 0 26936 STASIA COLLINS SR. VP TOUR OPERATIONS 40.00 0.00 X 230574 0 19520 MARK VIRDEN VP - INFORMATION TECHNOLOGIES 40.00 0.00 X 210774 0 25445 KOURTNEY BIGELOW ASST GENERAL COUNSEL 40.00 0.00 X 206799 0 14389 WENDY CAVES SR. VP GLOBAL TALENT & CULTURE 40.00 0.00 X 208813 0 8045 10464538 0 319128 49 0 1 0 NBC UNIVERSALGOLF CHANNEL PO BOX 402971 ATLANTA GA 30384 TELEVISION SERVICES 23250618 OUTLYR 165 W PUTMAN AVE GREENWICH CT 06830 EVENT OPERATIONS 6008344 MIN JEE LEE 4839 CLOUD CROFT LANE IRVING TX 75038 PRIZE WINNINGS 3093810 IGC HERITAGE 4839 CLOUD CROFT LANE IRVING TX 75038 PRIZE WINNINGS 2503843 BROOKE HENDERSON 11011 VIA TUSCANY LANE 201 FORT MYERS FL 33913 PRIZE WINNINGS 2263370 141 1990000 1990000 TOURNAMENT REVENUE 711300 103001844 103001844 TELEVISION & MEDIA REV 711300 50187664 50187664 CORPORATE SPONSORSHIPS 711300 17064266 17064266 MEMBERSHIP & OTHER INC 711300 6730720 6730720 EDUCATION/PROF DEV 711300 548517 548517 177533011 626730 626730 180149741 177533011 0 626730 1063780 9596238 9094503 306225 1089281 901015 1499807 237764 2275700 600841 149880 446876 3459984 1219619 763362 PRIZE MONEY 81325884 TELEVISION & MEDIA 25307607 CORPORATE SPONSOR 17827467 TOURNAMENT EXPENSE 10817809 4572857 172556499 4556986 4446375 37500866 46098330 16468988 12309409 375827 1236175 18703932 15029184 4074479 3674748 40216262 33889931 997480 916574 0 209686 104190888 102781228 18369044 16780426 21913645 22606006 42206262 34099617 82488951 73486049 X 21701937 29295179 21701937 29295179 104190888 102781228 7593242 0 X 0 1 X 1 0 0 1 0 PART III-A: THE LADIES PROFESSIONAL GOLF ASSOCIATION DID NOT CONDUCT ANY LOBBYING ACTIVITIES IN 2022. 350000 350000 2363275 2071784 291491 602568 589793 12775 15388089 12367607 3020482 3674748 DEFERRED PLAYER RETIREMENT BENEFITS 33889931 LEASE LIABILITY 209686 34099617 X 187690722 7540981 7540981 180149741 0 180149741 179947935 7391436 7391436 172556499 0 172556499 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER PROVISIONS OF SECTION 501(C)(6) OF THE IRC AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA INCOME TAX CODE. THE ASSOCIATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE ASSOCIATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ASSOCIATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ASSOCIATION'S REMAINING OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE INCLUDE THE YEARS ENDED DECEMBER 31, 2018 THROUGH 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INVESTMENTS FOR PLAYER RETIREMENT PLANS' BENEFITS -6,901,437. REVENUE OF SUBSIDIARY INCLUDED IN AUDITED FINANCIAL STATEMENTS 14,442,418. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INVESTMENTS FOR PLAYER RETIREMENT PLANS' BENEFITS -6,901,437. EXPENSES OF SUBSIDIARY INCLUDED IN AUDITED FINANCIAL STATEMENTS 14,292,873. EUROPE (INCLUDING ICELAND & GREENLAND) 1 23 PROGRAM SERVICES LADIES EUROPEAN TOUR 14292872 EAST ASIA AND THE PACIFIC 1 7 PROGRAM SERVICES MAINTAINING OFFICES 1138958 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GOLF COMPETITION 4082643 NORTH AMERICA 0 0 PROGRAM SERVICES GOLF COMPETITION 30894 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GOLF COMPETITION 3762589 SOUTH AMERICA 0 0 PROGRAM SERVICES GOLF COMPETITION 8791 2 30 0 0 2 30 23316747 0 23316747 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 UNITED WAY OF VOLUSIA COUNTY 3747 W INTL SPEEDWAY BLVD DAYTONA BEACH FL 32124 591099774 501(C)(3) 11000 0 GENERAL SUPPORT WORLD GOLF FOUNDATION ONE WORLD GOLF PLACE SAINT AUGUSTINE FL 32092 592998925 501(C)(3) 150000 0 GENERAL SUPPORT FLORIDAS NATURAL GROWERS FOUNDATION 20205 HWY 27 LAKE WALES FL 33853 900427673 501(C)(3) 15000 0 GENERAL SUPPORT JUNIOR GOLF ASSOCIATION OF ARIZONA 10888 N 19TH AVE PHOENIX AZ 85029 860464216 501(C)(3) 35000 0 GENERAL SUPPORT FAIRWAYS TO LEADERSHIP 9608 OSPREY LANDING DRIVE ORLANDO FL 32832 853872734 501(C)(3) 10000 0 GENERAL SUPPORT THE LPGA FOUNDATION 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 593085528 501(C)(3) 825722 0 GENERAL SUPPORT JIM BEATTY GOLF VENTURES 5623 WILLIT OMAHA NE 68152 336408642 N/A 6500 0 GENERAL SUPPORT UNICEF 125 MAIDEN LANE NEW YORK NY 10038 131760110 501(C)(3) 10558 0 GENERAL SUPPORT 7 1 PART I, LINE 2: THE LADIES PROFESSIONAL GOLF ASSOCIATION TOUR PLAYERS ELECT TO DONATE ALL PRO AM REVENUE RECEIVED BY THE LPGA FROM TOURNAMENT SPONSORS TO THE LPGA FOUNDATION. THE LADIES PROFESSIONAL GOLF ASSOCIATION ALSO PROVIDES CHARITABLE CONTRIBUTIONS AND NONCASH ASSISTANCE TO THE LPGA FOUNDATION. THE LADIES PROFESSIONAL GOLF ASSOCIATION MAKES SURE THAT ALL TRANSFERS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE. ALL OTHER GRANTS ARE DONATIONS TO OUTSIDE ORGANIZATIONS THAT SHARE A CHARITABLE MISSION THAT ALIGNS WITH THE LPGA. X X 1 1 X X X X 0 0 0 LYDIA KO PLAYER/DIRECTOR 0 0 0 0 3945771 0 0 0 0 0 3945771 0 0 0 MOLLIE MARCOUX SAMAAN COMMISSIONER 802494 0 183000 0 0 0 5548 0 21705 0 1012747 0 0 0 ALLY EWING PLAYER/DIRECTOR (AS OF 1/22) 0 0 0 0 557825 0 0 0 0 0 557825 0 0 0 MARIAN MOORE CLO/SECRETARY 356154 0 99320 0 0 0 9150 0 14262 0 478886 0 0 0 RICKI LASKY CHIEF TOURNAMENT BUS. OFFICER 344615 0 86500 0 0 0 9150 0 21547 0 461812 0 0 0 KATHRYN MILTHORPE CFO/TREASURER 302000 0 87730 0 0 0 9150 0 21596 0 420476 0 0 0 STACY LEWIS PLAYER/DIRECTOR (AS OF 1/22) 0 0 0 0 386512 0 0 0 0 0 386512 0 0 0 NANCY HENDERSON CHIEF TEACHING OFFICER 276000 0 70813 0 0 0 9150 0 15502 0 371465 0 0 0 KELLY HYNE CHIEF SALES OFFICER (THRU 10/22) 233294 0 69431 0 0 0 7820 0 7076 0 317621 0 0 0 MICHAEL NICHOLS CHIEF BUS. OFF. - EPSON (THRU 8/22) 212251 0 72875 0 0 0 8554 0 12460 0 306140 0 0 0 JIN PYUN CHIEF BUS. OFFICER - ASIA 228971 0 58854 0 0 0 0 0 11873 0 299698 0 0 0 BRIAN CARROLL EVP GLOBAL MEDIA 221450 0 33990 0 0 0 7663 0 19273 0 282376 0 0 0 MATTHEW CHMURA CHIEF MARKETING OFFICER (AS OF 4/22) 235385 0 15000 0 0 0 0 0 744 0 251129 0 0 0 STASIA COLLINS SR. VP TOUR OPERATIONS 202455 0 28119 0 0 0 5749 0 13771 0 250094 0 0 0 MARK VIRDEN VP - INFORMATION TECHNOLOGIES 185070 0 25704 0 0 0 6323 0 19122 0 236219 0 0 0 KOURTNEY BIGELOW ASST GENERAL COUNSEL 182542 0 24257 0 0 0 6204 0 8185 0 221188 0 0 0 WENDY CAVES SR. VP GLOBAL TALENT & CULTURE 180915 0 27898 0 0 0 6056 0 1989 0 216858 0 0 0 ROBERTA BOWMAN CHIEF BRAND & COMM OFF. (THRU 10/22) 136892 0 71500 0 0 0 3503 0 2165 0 214060 0 0 0 HEATHER DALY-DONOFRIO CHIEF TOURN OPS OFF. (THRU 4/22) 98485 0 79434 0 0 0 5338 0 5181 0 188438 0 0 0 PART I, LINE 1A FIRST CLASS AND COMPANION TRAVEL PRIVILEGES ARE PROVIDED TO THE COMMISSIONER OF THE LPGA AND OTHER EMPLOYEES IN ACCORDANCE WITH LPGA TRAVEL POLICIES AND PROCEDURES. SCHEDULE J, PART II(B)(III): COMPENSATION FOR THE FOLLOWING BOARD MEMBERS WAS RELATED TO TOURNAMENT PRIZE WINNINGS RECEIVED IN CONJUNCTION WITH COMPETING IN LPGA TOURNAMENTS: LYDIA KO ALLY EWING STACY LEWIS FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE MEMBERS OF THE LADIES PROFESSIONAL GOLF ASSOCIATION ARE THE TOURNAMENT PLAYERS AND LPGA PROFESSIONALS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT THE RESERVED POWERS OF THE LADIES PROFESSIONAL GOLF ASSOCIATION PERMIT THE VOTING MEMBERSHIP TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY OF THE LADIES PROFESSIONAL GOLF ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL THE LADIES PROFESSIONAL GOLF ASSOCIATION'S BYLAWS RESERVE TO THE MEMBERS THE POWER TO AMEND, REPEAL OR RESTATE THE CONSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE LADIES PROFESSIONAL GOLF ASSOCIATION'S MANAGEMENT. THE RETURN IS REVIEWED BY MANAGEMENT PRIOR TO DISTRIBUTION TO THE FULL BOARD OF DIRECTORS FOR INFORMATION PURPOSES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST REPORTING FORM ON AN ANNUAL BASIS ON WHICH TO REPORT AND DISCLOSE ANY REAL OR POTENTIAL CONFLICT OF INTEREST OR ETHICAL ISSUE TO THE LPGA. THE OBLIGATION TO REPORT SUCH CONFLICTS OR ISSUES IS ONGOING; THEREFORE BOARD MEMBERS ARE REQUIRED TO REPORT ANY CHANGE IN CIRCUMSTANCES WHENEVER THEY OCCUR DURING ANY CALENDAR YEAR. EACH CONFLICT OF INTEREST REPORTING FORM SHALL BE SUBMITTED CONFIDENTIALLY FOR REVIEW TO THE CHIEF LEGAL OFFICER, WHO IS EMPOWERED TO RESOLVE ANY CONFLICT OF INTEREST OR ETHICAL ISSUE THAT MAY COMPROMISE A BOARD MEMBER'S ABILITY TO FULFILL HER OR HIS FIDUCIARY OBLIGATIONS TO THE LADIES PROFESSIONAL GOLF ASSOCIATION. IN THE EVENT THAT A CONFLICT OF INTEREST OR ETHICAL ISSUE CANNOT BE SATISFACTORILY RESOLVED BY THE LPGA CHIEF LEGAL OFFICER, THE MATTER SHALL BE REFERRED TO THE LPGA GOVERNANCE COMMITTEE WHICH SHALL SEEK TO RESOLVE THE MATTER. ANY MATTER THAT CANNOT BE RESOLVED BY THE ABOVE PROCEDURES SHALL BE REPORTED TO THE BOARD OF DIRECTORS FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH RECOMMENDING THE APPOINTMENT OF THE COMMISSIONER, CONDUCTING PERFORMANCE REVIEWS AS WELL AS DETERMINING COMPENSATION. THIS RECOMMENDATION IS BASED ON THE FOLLOWING METHODS: INDEPENDENT COMPENSATION CONSULTING, COMPARABLE INDUSTRY KNOWLEDGE, AND MARKET SURVEYS. THE HUMAN RESOURCES COMMITTEE RECOMMENDS TO THE ENTIRE BOARD OF DIRECTORS THE COMMISSIONER'S BASE SALARY, BENEFITS AND PERFORMANCE BONUS, IF CERTAIN GOALS ARE MET. THE LAST COMPENSATION SURVEY WAS CONDUCTED IN OCTOBER 2019. THE COMMISSIONER IS CHARGED WITH CONDUCTING PERFORMANCE REVIEWS OF OFFICERS AND KEY EMPLOYEES TO DETERMINE BASE SALARY, BENEFITS AND PERFORMANCE BONUS, IF GOALS ARE MET. THE PROCEDURES USED TO DETERMINE COMPENSATION INCLUDE THE FOLLOWING: INDEPENDENT COMPENSATION CONSULTING, COMPARABLE INDUSTRY KNOWLEDGE, AND MARKET SURVEYS. FORM 990, PART VI, SECTION C, LINE 18 THE LADIES PROFESSIONAL GOLF ASSOCIATION MAKES ITS FORM 1023, 990, AND 990-T AVAILABLE FOR PUBLIC INSPECTION VIA U.S. MAIL UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UNLESS AUTHORIZED BY THE ASSOCIATION'S MANAGEMENT AT ITS SOLE DISCRETION. FORM 990, PART VII, COLUMN E: NANCY HENDERSON IS AN EMPLOYEE OF THE LPGA AND RECEIVES HER FORM W-2 FROM THE LPGA. MS. HENDERSON PROVIDES SERVICES BOTH TO THE LPGA AND TO A RELATED ORGANIZATION, THE LPGA FOUNDATION. IN THE INTEREST OF CLARITY, THE LPGA IS REPORTING THAT 50% OF MS. HENDERSON'S COMPENSATION IS ATTRIBUTABLE TO SERVICES RENDERED TO THE LPGA FOUNDATION. COVID-19 IMPACT THE DEPARTMENT OF TREASURY IMPLEMENTED THE SMALL BUSINESS ADMINISTRATION'S ("SBA") PAYROLL PROTECTION PROGRAM ("PPP"), WHICH PROVIDES LOANS FOR BUSINESSES, NONPROFITS AND OTHER ORGANIZATIONS WITH 500 OR FEWER EMPLOYEES THAT MEET SPECIFIC ELIGIBILITY REQUIREMENTS. IN MARCH OF 2021 AND JUNE 2021 THE ASSOCIATION RECEIVED TWO LOANS OF $1,990,000 EACH THROUGH THE PAYCHECK PROTECTION PLAN ADMINISTERED BY THE SBA IN CONJUNCTION WITH THE RELIEF AFFORDED FROM THE CARES ACT. THE ASSOCIATION USED THE PROCEEDS FROM THE PPP LOANS TO CONTINUE PAYROLL FOR THE ENTITY. IN DECEMBER OF 2021 ONE LOAN TOTALING $1,990,000 WAS FORGIVEN AND WAS REPORTED AS A GOVERNMENT GRANT ON PART VIII ON THE FORM 990. THE SECOND LOAN WAS FULLY FORGIVEN IN JANUARY 2022 AND HAS BEEN REPORTED AS A GOVERNMENT GRANT ON PART VIII ON THE FORM 990. FGTA LLC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 260507044 EPSON DEVELOPMENT TOUR FL 8043051 2890887 LADIES PROFESSIONAL GOLF ASSOCIATION LPGA TOURN PROP ONE LLC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 271317091 GOLF EVENTS FL 14303790 10020909 LADIES PROFESSIONAL GOLF ASSOCIATION LPGA ASIA LLC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 462753637 SALES AND MARKETING FL 1209515 454408 LADIES PROFESSIONAL GOLF ASSOCIATION LADIES EUROPEAN GOLF VENTURE LTD BUCKINGHAMSHIRE GOLF CLUB DENHAM COURT DR DENH ENGLAND UK LADIES EUROPEAN TOUR UK 14442416 2944494 LADIES PROFESSIONAL GOLF ASSOCIATION LPGA GAMING LLC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 873234526 LICENSING FL 0 0 LADIES PROFESSIONAL GOLF ASSOCIATION THE LPGA FOUNDATION 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 593085528 JUNIOR GOLF PROGRAMS & SCHOLARSHIP FL 501(C)(3) LINE 7 LADIES PROFESSIONAL GOLF ASSOCIATION 1 EXECUTIVE WOMEN'S GOLF ASSOCIATION INC 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 593348753 WOMENS GOLF FL 501(C)(6) THE LPGA FOUNDATION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 THE LPGA FOUNDATION B 825722 CASH THE LPGA FOUNDATION R 582700 DUE FROM ENTITY THE LPGA FOUNDATION O 980376 REIMBURSEMENT THE LPGA FOUNDATION Q 4213811 REIMBURSEMENT EXECUTIVE WOMEN'S GOLF ASSOCIATION INC R 606180 DUE FROM ENTITY EXECUTIVE WOMEN'S GOLF ASSOCIATION INC O 638610 REIMBURSEMENT EXECUTIVE WOMEN'S GOLF ASSOCIATION INC Q 28685 REIMBURSEMENT