2024-11-07T16:02:40-06:00 2023-12-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2023-01-01 362250699 National Golf Foundation Inc NATI 5617446006 501 N Highway A1A Jupiter FL 33477 Joseph Beditz President & CEO 5617446006 2024-10-29 1 0 Scott Y Haynes CPA P01366363 5616896000 2023 2024-10-15 13:58:12Z Gregory Nathan 501 N Highway A1A Jupiter FL 33477 1466944 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 2023, NGF hosted its fifteenth 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 Future Growth of Golf, Connecting to Today's Golf Consumer, Influencer Marketing, Tourism, 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. 9 8 28 0 0 0 0 0 962136 1053445 60729 82951 1913815 318988 2936680 1455384 0 0 0 0 2301832 1417941 0 0 0 627851 43780 2929683 1461721 6997 -6337 5488178 5514425 1182556 696045 4305622 4818380 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 2023, NGF hosted its fifteenth 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 Future Growth of Golf, Connecting to Today's Gofl Consumer, Influencer Marketing, Tourism, 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. 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 15 0 1 28 1 0 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 X Kim Isom 5617446006 501 N Highway A1A Jupiter FL 33477 John K Solheim Chairman 1.00 3.00 X X 0 0 0 Tim Schantz Vice Chairman 1.00 3.00 X X 0 0 0 Brad Hamilton Secretary/Treasurer 1.00 3.00 X X 0 0 0 Joe Assell Director 1.00 3.00 X 0 0 0 Anne Broholm Director 1.00 3.00 X 0 0 0 Mike McCarley Director 1.00 3.00 X 0 0 0 Annika Sorenstam Director 1.00 3.00 X 0 0 0 Dick Sullivan Director 1.00 3.00 X 0 0 0 Joseph Beditz CEO 17.00 23.00 X 517803 0 13477 Kim Isom Chief Financial Officer 9.00 31.00 X 112955 0 7439 Gregory Nathan President & COO 18.00 22.00 X 237158 0 16851 David Lorentz Chief Research Officer 6.00 34.00 X 163444 0 2579 1031360 0 40346 4 0 1 0 0 Member Services 900099 1053445 1053445 1053445 82951 82951 5621 5621 283808 11560 272248 272248 Sponsorship-Internatio 900099 25000 25000 NGF-Newsletter 900099 8333 8333 Marketing - Leadership 900099 5358 5358 2428 2428 41119 1455384 1366812 0 88572 905683 324697 26397 79961 81203 15412 38550 1788 100482 23747 177851 6348 194988 27129 91336 71690 28450 Product Development 25587 Meals & Entertainment 6374 Overhead Allocation -765952 1461721 200 200 350638 155135 195343 54790 2528 2291 112961 113694 973559 824025 215332 149534 3722175 4334416 889001 704365 5488178 5514425 553808 318952 133865 32240 494883 344853 1182556 696045 X 4305622 4818380 4305622 4818380 5488178 5514425 -6337 519095 0 X X 0 1 X 1 0 213723 129302 84421 710856 655880 54976 48980 38843 10137 149534 Deposits 12000 Other Asset Logo Items 563 Due From Related Entities 401452 Right of Use Leases, Net 285350 Deferred Expenses 5000 704365 Deferred Compensation 54515 Lease Obligations 290338 344853 X 6276190 519095 4301711 4820806 1455384 0 1455384 5971245 4509524 4509524 1461721 0 1461721 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 11,560. Consolidated Audit Report Revenue Adjustment 4,290,151. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 11,560. Consolidated Audit Report Expense Adjustment 4,497,964. X 1 1 X X X X 0 0 0 Joseph Beditz CEO 329962 0 187841 0 0 0 6930 0 6547 0 531280 0 0 0 Gregory Nathan President & COO 191643 0 45515 0 0 0 6404 0 10447 0 254009 0 0 0 David Lorentz Chief Research Officer 136664 0 26780 0 0 0 1344 0 1235 0 166023 0 0 0 Form 990, Part VI, Section B, line 11b The Foundation does not provide a complete copy for the Form 990 to all board members before filing, but it is available to any member 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 Foundation 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. NGF Education Inc fka 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 NGF Education Inc fka National Golf Foundation 1 Inc D 567458 National Golf Foundation Consulting Inc E 166066