2025-02-06T15:29:25-06:00 2024-05-31 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2023-06-01 204394654 CHILDREN'S HEALTHCARE CHARITY INC CHIL 5617992747 3300 PGA BOULEVARD 800 PALM BEACH GARDENS FL 33410 JOSEPH R RUSSO PRESIDENT 5617992747 2025-02-06 1 1 WALT MAXWELL P00186333 5617989988 2023 2025-03-06 01:10:19Z JOSEPH R RUSSO 3300 PGA BOULEVARD 800 PALM BEACH GARDENS FL 33410 2876712 0 X WWW.CHILDRENSHEALTHCARECHARITY.ORG X 2006 FL PROVIDE CHARITABLE SUPPORT FOR ACTIVITIES THAT ENHANCE CHILDREN'S HEALTH, GROWTH, AND WELL-BEING. X 25 25 0 1375 0 0 9785383 2606350 0 0 78670 84812 -487911 181952 9376142 2873114 7214068 2604822 0 0 0 0 0 0 29930 2183392 91991 9397460 2696813 -21318 176301 5340353 8978980 1250404 7620469 4089949 1358511 X PROVIDE CHARITABLE SUPPORT FOR ACTIVITIES THAT ENHANCE CHILDREN'S HEALTH, GROWTH, AND WELL-BEING THROUGH MEDICAL, EDUCATIONAL, AND SOCIAL PROGRAMS. 0 1 2604822 2604822 CONTRIBUTIONS FROM THE PGA TOUR'S COGNIZANT CLASSIC GOLF TOURNAMENT ARE DONATED TO VARIOUS 501(C)(3) CHARITABLE ORGANIZATIONS IN THE COMMUNITY. 2604822 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 FL X X DANA JOHNSON 5617992747 3300 PGA BOULEVARD SUITE 800 PALM BEACH GARDENS FL 33410 X JOSEPH R RUSSO PRESIDENT 2.00 X X 0 0 0 MICHELE JACOBS VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL MITRIONE TREASURER 2.00 X X 0 0 0 STEPHEN VOGELSANG SECRETARY 2.00 X X 0 0 0 BARBARA NICKLAUS CO-CHAIRPERSON 2.00 X X 0 0 0 GARY NICKLAUS CO-CHAIRPERSON 2.00 X X 0 0 0 ELIZABETH AMATO DIRECTOR 2.00 X 0 0 0 JOSEPH BEDITZ DIRECTOR 2.00 X 0 0 0 LARRY BROWN DIRECTOR 2.00 X 0 0 0 CRESSMAN BRONSON DIRECTOR 2.00 X 0 0 0 DONALD BYRD DIRECTOR 2.00 X 0 0 0 LEONARD COLEMAN JR DIRECTOR 2.00 X 0 0 0 TOM DERITA DIRECTOR 2.00 X 0 0 0 JOHN DOMENICO DIRECTOR 2.00 X 0 0 0 MARTY DYTRYCH DIRECTOR 2.00 X 0 0 0 LEWIS HAY III DIRECTOR 2.00 X 0 0 0 STEVE POLITZINER DIRECTOR 2.00 X 0 0 0 AMIT RASTOGI DIRECTOR 2.00 X 0 0 0 ERIC SILAGY DIRECTOR 2.00 X 0 0 0 JOE STERANKA DIRECTOR 2.00 X 0 0 0 JEFFREY A STOOPS DIRECTOR 2.00 X 0 0 0 CARLTON RICKY WADE DIRECTOR 2.00 X 0 0 0 SETH WAUGH DIRECTOR 2.00 X 0 0 0 KENNETH R KENNERLY DIRECTOR 2.00 X 0 0 0 SAIMA AFTAB DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 PGA TOUR INC PO BOX 1065 PONTE VEDRA BEACH FL 32004 PLAYER PURSES 3413233 INPRODUCTION COMPANY INC 4320 WINFIELD ROAD 200 WARRENVILLE IL 60555 EQUIPMENT RENTAL 2388009 IMG WORLDWIDE LLC PO BOX 17470 PALATINE IL 600557470 MANAGEMENT SERVICES 1759092 SPECTRUMFACILITY CONCESSION SERVICES I PO BOX 7130 THE WOODLANDS TX 77387 FOOD AND BEVERAGE 987893 PGA NATIONAL BSREPIII PBG RESORT LLC 400 AVENUE OF THE CHAMPIONS PB GARDENS FL 33418 FACILITIES & CATERING 830897 20 2606350 34475 2606350 84812 84812 185550 3598 181952 181952 2873114 0 0 266764 2604822 2604822 36931 36931 61 61 39166 9236 29930 236 236 860 860 14515 14515 DUES & FEES 150 150 POSTAGE 72 72 2696813 2604822 62061 29930 136952 2907354 4115569 3562672 871955 2500490 20855 0 0 195022 8464 5340353 8978980 1024848 7600469 20000 20000 1400 204156 0 1250404 7620469 X 4089949 1358511 4089949 1358511 5340353 8978980 X 176301 92261 -3000000 X X 0 1 X 1 0 X 7336304 7859406 8585445 9785383 2606350 36172888 11839931 7474153 13752644 13848285 0 46915013 19176235 15333559 22338089 23633668 2606350 83087901 5527731 5792868 6126261 6418574 2534475 26399909 0 5527731 5792868 6126261 6418574 2534475 26399909 56687992 53923 10736 1678 48329 84812 199478 53923 10736 1678 48329 84812 199478 19230158 15344295 22339767 23681997 2691162 83287379 0.68060 0.70330 0.00240 0.00160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2965375 92261 92261 2873114 0 2873114 5696813 3000000 3000000 2696813 0 2696813 PART X, LINE 2: THE ORGANIZATION IS A FLORIDA NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE "CODE"), ALTHOUGH UNRELATED BUSINESS INCOME IS SUBJECT TO TAX. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MAY 31, 2024 AND 2023. THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX EXEMPT NOT-FOR-PROFIT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE ORGANIZATION HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS FOR TAX YEARS AFTER 2020 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSFER OF TOURNAMENT RESERVE TO PGA TOUR, INC. 3,000,000. GOLF TOURNAMENT 185550 185550 3598 185550 185550 3598 3598 181952 1 ADOPT-A-FAMILY OF THE PALM BEACHES INC 1712 2ND AVENUE NORTH LAKE WORTH FL 33460 592471253 501(C)(3) 10000 0 GENERAL SUPPORT AMERICAN HEART ASSOCIATION PO BOX 840692 DALLAS TX 75284 135613797 501(C)(3) 10000 0 GENERAL SUPPORT BELLA'S ANGELS 13860 WELLINGTON TRACE 38-111 WELLINGTON FL 33414 261595604 501(C)(3) 10000 0 GENERAL SUPPORT BUSCH WILDLIFE SANCTUARY INC 2500 JUPITER PARK DRIVE JUPITER FL 33458 592379003 501(C)(3) 10000 0 GENERAL SUPPORT CONNECTIONS EDUCATION CENTER OF THE PALM BEACHES 1310 N CONGRESS AVENUE 100 WEST PALM BEACH FL 33409 473805751 501(C)(3) 10000 0 GENERAL SUPPORT CYSTIC FIBROSIS FOUNDATION 700 S DIXIE HIGHWAY 100 WEST PALM BEACH FL 33401 131930701 501(C)(3) 10000 0 GENERAL SUPPORT EDUCATION FOUNDATION OF PALM BEACH COUNTY INC 505 S CONGRESS AVENUE BOYNTON BEACH FL 33426 592420369 501(C)(3) 15000 0 GENERAL SUPPORT ELS FOR AUTISM 18370 LIMESTONE CREEK ROAD JUPITER FL 33458 263520396 501(C)(3) 10000 0 GENERAL SUPPORT FAMILIES FIRST FOUNDATION OF PALM BEACH COUNTY INC 3333 FOREST HILL BLVD 2ND FLOOR WEST PALM BEACH FL 33406 650166352 501(C)(3) 7500 0 GENERAL SUPPORT FIRST TEE FLORIDA GOLD COAST 7301 N HAVERHILL ROAD WEST PALM BEACH FL 33407 650262208 501(C)(3) 55000 0 GENERAL SUPPORT GLADES INITIATIVE INC 141 SE AVENUE D BELLE GALDE FL 33430 010733180 501(C)(3) 50000 0 GENERAL SUPPORT HEALTHY MOTHERS HEALTHY BABIES COALITION OF PBC INC 4601 LAKE WORTH ROAD GREENACRES FL 33463 592657051 501(C)(3) 8000 0 GENERAL SUPPORT HOMESAFE INC 2840 SIXTH AVENUE SOUTH LAKE WORTH FL 33461 591935485 501(C)(3) 15000 0 GENERAL SUPPORT INNER CITY YOUTH GOLFERS' INC PO BOX 31901 PALM BEACH GARDENS FL 33420 650978868 501(C)(3) 7500 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF THE PALM BEACHES & TREASURE COAST 700 S ROSEMARY AVENUE 204-105 WEST PALM BEACH FL 33401 592333738 501(C)(3) 7500 0 GENERAL SUPPORT LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES 5601 CORPORATE WAY 210 WEST PALM BEACH FL 33407 596008622 501(C)(3) 14000 0 GENERAL SUPPORT LIVE LIKE JAKE FOUNDATION INC 10311 IRONWOOD ROAD PALM BEACH GARDENS FL 33410 471163422 501(C)(3) 10000 0 GENERAL SUPPORT LOGGERHEAD MARINELIFE CENTER INC 14200 US HIGHWAY 1 JUNO BEACH FL 33408 592445926 501(C)(3) 10000 0 GENERAL SUPPORT NICKLAUS CHILDREN'S HEALTHCARE FOUNDATION 11770 US HIGHWAY 1 308 NORTH PALM BEACH FL 33410 571154352 501(C)(3) 2000000 0 GENERAL SUPPORT PALM BEACH COUNTY FOOD BANK INC 701 BOUTWELL SUITE A-2 LAKE WORTH FL 33461 900788707 501(C)(3) 20000 0 GENERAL SUPPORT PEDIATRIC ONCOLOGY SUPPORT TEAM INC 927 45TH STREET 203 WEST PALM BEACH FL 33407 454769367 501(C)(3) 10000 0 GENERAL SUPPORT PLACE OF HOPE INC 9078 ISAIAH LANE PALM BEACH GARDENS FL 33418 650841384 501(C)(3) 25000 0 GENERAL SUPPORT QUANTUM HOUSE 987 45TH STREET WEST PALM BEACH FL 33407 650898326 501(C)(3) 10000 0 GENERAL SUPPORT ROOTS AND WINGS INC 335 E LINTON BLVD 2219 DELRAY BEACH FL 33483 384008636 501(C)(3) 15000 0 GENERAL SUPPORT SOUTH FLORIDA PGA CHARITABLE FOUNDATION 7201 GEORGIA AVENUE WEST PALM BEACH FL 33405 300225123 501(C)(3) 15000 0 GENERAL SUPPORT STOP CHILDREN'S CANCER OF PBC PO BOX 30161 PALM BEACH GARDENS FL 33420 650082013 501(C)(3) 8000 0 GENERAL SUPPORT STUDENT ACES INC 7750 ARBOR CREST WAY WEST PALM BEACH FL 33412 463081102 501(C)(3) 7000 0 GENERAL SUPPORT STUDENT ATHLETE COMMUNITY SERVICE NETWORK PO BOX 2057 PALM BEACH FL 33480 461002011 501(C)(3) 10000 0 GENERAL SUPPORT URBAN YOUTH IMPACT 2823 N AUSTRALIAN AVENUE WEST PALM BEACH FL 33407 911901103 501(C)(3) 10000 0 GENERAL SUPPORT WEST JUPITER COMMUNITY GROUP 7187 CHURCH STREET JUPITER FL 33458 650137715 501(C)(3) 32691 0 GENERAL SUPPORT YOUNG SINGERS OF THE PALM BEACHES 701 OKEECHOBEE BLVD WEST PALM BEACH FL 33401 300193514 501(C)(3) 25000 0 GENERAL SUPPORT X 1 34475 APPRAISAL X SPORTING EQUIPMENT 0 240550 RETAIL VALUE 0 0 0 CASH 2023-11-01 7592348 CASH 520999206 PGA TOUR INC 112 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 501(C)(6) 0 0 0 0 PART I, LINE 1: ON NOVEMBER 1, 2023, THE ORGANIZATION AND PGA TOUR, INC. ENTERED INTO A GIFT AND TOURNAMENT OPERATIONS AGREEMENT. UNDER THE GIFT AND OPERATIONS AGREEMENT, ALL TOURNAMENT OPERATIONS AND FINANCIAL RISK ASSOCIATED WITH THE ANNUAL GOLF TOURNAMENT WOULD BE TRANSFERRED FROM THE ORGANIZATION TO THE PGA TOUR, INC.'S CHAMPIONSHIP MANAGEMENT DIVISION. AS A RESULT, THE ORGANIZATION AGREED TO TRANSFER THE NET AMOUNT OF TOURNAMENT REVENUES AND EXPENSES AND THE TOURNAMENT RESERVE TO PGA TOUR, INC. FORM 990, PART III, LINE 3 THE ORGANIZATION DISCONTINUED ANNUAL GOLF TOURNAMENT OPERATIONS AND TRANSFERRED THEM TO ANOTHER ORGANIZATION. SEE SCHEDULE N. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER BARBARA NICKLAUS IS THE MOTHER OF BOARD MEMBER GARY NICKLAUS. FORM 990, PART VI, SECTION A, LINE 3 IMG WORLDWIDE, LOCATED AT 3300 PGA BOULEVARD, SUITE 800, PALM BEACH GARDENS, FL 33410. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WAS PROVIDED TO THE PRESIDENT, SECRETARY, TREASURER, AND A BOARD MEMBER WITH SIGNIFICANT NOT FOR PROFIT EXPERIENCE. THEY HAVE BEEN REQUESTED TO PROVIDE COMMENTS ON THE DRAFT TO STAFF FOR COMMUNICATION TO THE FIRM PREPARING FORM 990. IN ADDITION, A COPY OF THE RETURN WILL BE POSTED ON THE "RESTRICTED TO DIRECTORS SECTION" OF THE CHARITY WEBSITE FOR VIEWING BY ALL DIRECTORS. THEY WILL BE NOTIFIED THAT THE RETURN IS AVAILABLE FOR REVIEW AND ALL DIRECTORS ARE ENCOURAGED TO REVIEW THE RETURN. IF THEY HAVE ANY COMMENTS, THEY ARE REQUESTED TO NOTIFY THE ACCOUNTANT FOR CONSULTATION WITH THE FIRM PREPARING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT 3300 PGA BOULEVARD, SUITE 800, PALM BEACH GARDENS, FL 33410. FORM 990, PART XI, LINE 9: TRANSFER OF TOURNAMENT RESERVE TO PGA TOUR -3,000,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATIONS OVERSIGHT POLICY HAS NOT CHANGED. DISCLOSURE: ON NOVEMBER 1, 2023, THE ORGANIZATION AND PGA TOUR, INC. ENTERED INTO A GIFT AND TOURNAMENT OPERATIONS AGREEMENT. UNDER THE GIFT AND OPERATIONS AGREEMENT, ALL TOURNAMENT OPERATIONS AND FINANCIAL RISK ASSOCIATED WITH THE ANNUAL GOLF TOURNAMENT WOULD BE TRANSFERRED FROM THE ORGANIZATION TO THE PGA TOUR, INC.'S CHAMPIONSHIP MANAGEMENT DIVISION. AS A RESULT, THE ORGANIZATION AGREED TO TRANSFER THE NET AMOUNT OF TOURNAMENT REVENUES AND EXPENSES AND THE TOURNAMENT RESERVE TO PGA TOUR, INC. SEE SCHEDULE N FOR ADDITIONAL INFORMATION. NICKLAUS CHILDREN'S HEALTH CARE FOUNDATION INC 11770 US HIGHWAY ONE SUITE 105 NORTH PALM BEACH FL 33408 571154352 CHARITY FL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NICKLAUS CHILDREN'S HEALTH CARE FOUNDATION INC B 2000000 CASH