2025-11-06T16:48:15-06:00 2024-12-31 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2024-01-01 592998925 WORLD GOLF FOUNDATION INC % DIANE TETSWORTH WORL 9049404000 1 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 GREGORY MCLAUGHLIN PRESIDENT/CEO 9042853700 2025-11-03 true SCOTT THOMPSETT P00741490 2125990100 2025-11-03 2024 2025-03-06 01:10:19Z GREGORY MCLAUGHLIN 1 PGA TOUR BLVD PONTE VEDRA BEACH FL 32082 7486371 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). X 4 4 21 0 66892 0 8921272 3022541 963911 90180 358303 -7621152 623653 1248484 10867139 -3259947 775000 700000 0 0 2724403 1707172 0 0 223975 6445861 4380845 9945264 6788017 921875 -10047964 18876644 9141095 1193800 1311535 17682844 7829560 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. FURTHER, THE COALITION RENDERS SUPPORT AND ASSISTANCE BY MEANS OF CONTRIBUTIONS AND GRANTS TO EXEMPT ORGANIZATIONS ESTABLISHED TO DIVERSIFY THE SPORT OF GOLF AND SUPPORT ENVIRONMENTAL AND SUSTAINABILITY INITIATIVES. 2. WORLD GOLF HALL OF FAME CELEBRATES GOLF AND PRESERVES THE LEGACIES OF THOSE WHO HAVE MADE IT GREAT. false true 3697783 0 23288 World Golf Foundation, Inc. (the "Foundation"), which is supported by major international golf organizations and professional tours, oversaw the World Golf Hall of Fame & MUSEUM (4a) and continues to oversee the American Golf Industry Coalition (4b) and other nonprofit components. The Foundation works to promote growth of the game of golf among adults, youth, and minorities as well as in the golf industry. The World Golf Hall of Fame & MUSEUM provided 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. It also conducted a biennial induction ceremony to enshrine the game's 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. The Hall of Fame & Museum closed its physical presence in St. Augustine, Florida, to the public as of September 2023. The Foundation deaccessioned Hall of Fame artifacts following the closure of the Hall of Fame & Museum. A portion of the deaccessioned artifacts were transferred to the USGA Foundation in 2024 to promote continued public access. 1904918 700000 0 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, all of which ensure the future of golf is open to everyone. This multi-faceted, multi-year campaign will work to invite more people to the sport from all backgrounds to enjoy the game of a lifetime - their way. 5602701 true true false true false false true false false true false false false true true true false false false false false false false true false false true false true false false false false false false false false false false false true false false false false false true 32 0 true 21 true true true false false false false true true false false false false false false X 4 4 true false true 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/CEO 20.0 0.0 X 398202 0 0 HERB CAIN FACILITIES DIR (THRU 06/30) 40.0 0.0 X 190801 0 7298 ANDREW YEAST SR. DIR., INDUSTRY ENGAGEMENT 40.0 0.0 X 121580 0 13899 JESS MUNROE SR. DIR., GUEST SERVICES OPS 40.0 0.0 X 118488 0 13764 DIANE TETSWORTH SECRETARY 10.0 0.0 X 61835 0 4236 JAY MONAHAN DIRECTOR/CHAIRMAN 1.0 0.0 X X 0 0 0 MICHAEL WHAN DIRECTOR/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 MARTIN SLUMBERS DIRECTOR (THRU 09/25) 1.0 0.0 X 0 0 0 E WILLIAM JONES JR DIRECTOR (THRU 09/25) 1.0 0.0 X 0 0 0 RHETT EVANS DIRECTOR (THRU 09/25) 1.0 0.0 X 0 0 0 KEITH PELLEY DIRECTOR (THRU 04/10) 1.0 0.0 X 0 0 0 GUY KINNINGS DIRECTOR (04/10 THRU 09/25) 1.0 0.0 X 0 0 0 890906 0 39197 4 false true false CRAMER PRODUCTION COMPANY INC 425 UNIVERSITY AVE NORWOOD MA 02062 EVENT PRODUCTION 340897 PINEHURST LLC PO BOX 4000 VILLAGE OF PINEHURST NC 28374 EVENT SERVICES 267887 PRISM STRATEGY INC DBA PRISM GROU 1331 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 CONSULTING SERVICES 204595 GOLF GENIUS SOFTWARE INC 311 ORCHARD WAY WAYNE PA 19087 SOFTWARE SERVICES 155000 PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH FL 32082 SUPPORT SERVICES 144384 5 89130 2933411 3022541 IMAX THEATER 900099 90180 23288 66892 90180 448565 448565 0 55908 55908 84184 35939 48245 0 48245 48245 2500076 0 2240658 8329135 259418 -8329135 -8069717 -8069717 73370 89130 122316 -48946 -48946 0 0 0 1209046 18270 1190776 1190776 MISCELLANEOUS 900099 2501 2501 2501 -3259947 23288 66892 -6372668 700000 700000 0 0 0 464273 417846 46427 0 994610 588546 249817 156247 23715 20592 630 2493 133799 125078 3239 5482 90775 81576 2830 6369 0 57534 57534 80777 80777 180000 180000 0 0 333556 318606 1282 13668 123722 123722 476319 474373 1789 157 234586 221364 10505 2717 115885 115885 894029 490102 403927 41336 28782 923 11631 0 3398 1699 1699 0 0 319150 255320 63830 39277 9819 19639 9819 HOF INDUCTION CEREMONIES 1414853 1414853 0 0 BANK CHARGES & FEES 37177 11293 17031 8853 PROFESSIONAL DUES 13353 9245 319 3789 RESEARCH & DEVELOPMENT 7500 7500 0 0 8393 6500 842 1051 6788017 5602701 961341 223975 X 2730957 0 1116 2192863 0 0 96778 27816 0 0 0 0 0 0 2571 0 120726 71230 12156152 11722262 9082174 433890 6817114 6415296 0 0 0 0 0 0 25208 0 18876644 9141095 1113835 1009358 0 0 51172 0 0 0 0 0 0 0 0 0 0 0 28793 302177 1193800 1311535 X 14718125 5462039 2964719 2367521 17682844 7829560 18876644 9141095 -10047964 194680 X false true X true false X 13992594 13949759 13718034 8921272 3022541 53604200 0 0 13992594 13949759 13718034 8921272 3022541 53604200 29610140 23994060 632326 601967 652933 1379483 588657 3855366 157774 201127 115685 66892 541478 36781 133276 2501 172558 58173602 7145183 0.41246 0.48648 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180000 180000 6608017 6788017 489401 122350 false 1000000 1000000 1000000 1000000 4000000 6000000 57000 76000 143000 180000 456000 250000 250000 250000 250000 1000000 1500000 X X X false 33701 33701 11114189 10868364 245825 1008262 853898 154364 433890 0 OPERATING LEASE LIABILITY - LT 0 DUE TO RELATED PARTY 302177 302177 X 5457032 194680 26531 221211 5235821 -8495768 -8495768 -3259947 15310316 26531 8495768 8522299 6788017 6788017 PART III, LINE 4 THE WORLD GOLF HALL OF FAME'S PROGRAM ACTIVITIES INCLUDED A MUSEUM OF GOLF RELATED ARTIFACTS OF HISTORICAL AND EDUCATIONAL SIGNIFICANCE. THESE ITEMS ALSO INCLUDED MEMORABILIA FROM THE INDUCTEES' CAREERS AND PERSONAL LIVES, SUCH AS CLUBS, BALL MARKERS AND TOOLS USED TO CRAFT THESE ITEMS. SOME OF THE COLLECTION WAS OWNED BY THE WORLD GOLF FOUNDATION AND SOME OF IT WAS ON LOAN FROM THE ARTIFACT OWNER. THE HALL OF FAME & MUSEUM CLOSED ITS PHYSICAL PRESENCE IN ST. AUGUSTINE, FLORIDA, TO THE PUBLIC AS OF SEPTEMBER 2023. THE FOUNDATION DEACCESSIONED HALL OF FAME ARTIFACTS FOLLOWING THE CLOSURE OF THE HALL OF FAME & MUSEUM. A PORTION OF THE DEACCESSIONED ARTIFACTS WERE TRANSFERRED TO THE USGA FOUNDATION IN 2024 TO PROMOTE CONTINUED PUBLIC ACCESS. 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 IRC. 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 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 4b Expenses Reclassed to Offset Revenue on Form 990, Part VIII Rental Expenses, Line 6b $35,939 Direct Fundraising Event Expenses, Line 8b $122,316 Inventory Expenses, Line 10b $8,378 Loss on Disposal of Assets $8,329,135 PART XII, LINE 2d Expenses Reclassed to Offset Revenue on Form 990, Part VIII Rental Expenses, Line 6b $35,939 Direct Fundraising Event Expenses, Line 8b $122,316 Inventory Expenses, Line 10b $8,378 Loss on Disposal of Assets $8,329,135 James Mulvihill Direct So- licitations false AGIC Golf Tourn 162500 89130 73370 9833 23964 67990 20529 NONE 0 162500 89130 73370 9833 23964 67990 20529 122316 -48946 true A Perfect Swing Foundation PO Box 38091 Charlotte NC 28278 471925614 501(c)(3) 25000 GENERAL SUPPORT Adaptive Golf Experience Inc 35 Parris Island Gateway PMB 195 Beaufort SC 29906 824203422 501(c)(3) 10000 GENERAL SUPPORT Black College Golf Coaches Association Foundation 300 Vestavia PkwySte 300 Vestavia AL 35216 852468485 501(c)(3) 25000 GENERAL SUPPORT CitySwing Foundation Inc 920 I Street NW Suite 1004 Washington DC 200014972 854240240 501(c)(3) 10000 GENERAL SUPPORT Detroit Public Schools Community District 3011 W Grand Blvd Detroit MI 48202 812847693 Section 115 10000 GENERAL SUPPORT Equal Play Inspiring Confidence For Girls 117 North 32nd Avenue Omaha NE 68131 851392718 501(c)(3) 10000 GENERAL SUPPORT Excel Youth Academy Inc 1954 Airport Rd Unit 622 Atlanta GA 30341 820606909 501(c)(3) 10000 GENERAL SUPPORT Fore Life Inc 4141 NW 16th Street Lauderhill FL 33313 830412490 501(c)(3) 10000 GENERAL SUPPORT Gator Junior Golf Inc 9200 NW 39th Ave Suite 130-3207 Gainsville FL 32606 815253771 501(c)(3) 10000 GENERAL SUPPORT Golf For Injured Veterans Everywhere 3184 Highway 22 Riverside IA 52327 900397932 501(c)(3) 10000 GENERAL SUPPORT Golf My Future My Game 5335 Wisconsin Ave NW Ste 440 Washington DC 20015 812550379 501(c)(3) 10000 GENERAL SUPPORT Greater Cleveland Junior Golf Scholarship Fund In PO Box 46766 Bedford OH 44146 341759359 501(c)(3) 10000 GENERAL SUPPORT Greenway Foundation Inc 1999 Harrison St 18th Floor Oakland CA 94612 871612518 501(c)(3) 25000 GENERAL SUPPORT Hollywood Golf Institute 14033 Fairmount Dr Detroit MI 48205 382764318 501(c)(3) 10000 GENERAL SUPPORT I AM a Golfer Foundation PO Box 196149 Dallas TX 75219 832567899 501(c)(3) 25000 GENERAL SUPPORT Inland Golf Academy 5198 Arlington Ave Suite 638 Riverside CA 92504 743262347 501(c)(3) 10000 GENERAL SUPPORT Inner City Youth Golfers Incorporated dba ICYG 1032 Center Stone Lane Rivera Beach FL 33404 650978868 501(c)(3) 10000 GENERAL SUPPORT Ivys League Youth Sports Academy 7507 N 55th Plaza Omaha NE 68152 841905250 501(c)(3) 10000 GENERAL SUPPORT Jackson Park Golf Association 5424 South Kimbark Avenue Chicago IL 60615 823374157 501(c)(3) 10000 GENERAL SUPPORT Journey Through 18 8383 El mundo St 308 Houston TX 77054 873691266 501(c)(3) 10000 GENERAL SUPPORT Latina Golfers Association Foundation 1832 Bovett St Los Angeles CA 90012 880542528 501(c)(3) 25000 GENERAL SUPPORT Midnight Golf Program 30100 Telegraph Rd Suite 404 Bingham Farms MI 48025 383580432 501(c)(3) 10000 GENERAL SUPPORT National Golf Player Development Foundation dba NG 3325 E Tulsa St Gilbert AZ 85295 883733337 501(c)(3) 10000 GENERAL SUPPORT Next 18 Inc 503 W Dean Rd Fox Point WI 53217 880823848 501(c)(3) 10000 GENERAL SUPPORT Par Excellence Youth Development 604 Jordan Lane Huntsville AL 35816 811055365 501(c)(3) 25000 GENERAL SUPPORT LEO Foundation Inc 235 Melison Drive Pike Road AL 36064 992859766 501(c)(3) 10000 GENERAL SUPPORT Range Fore Hope Foundation PO Box 41 Blythwood SC 29016 861691628 501(c)(3) 10000 GENERAL SUPPORT Revelation Golf Inc PO Box 91831 Elk Grove Village IL 60009 830439102 501(c)(3) 10000 GENERAL SUPPORT Soul Foundation PO BOX 36101 Columbus OH 43236 061648389 501(c)(3) 10000 GENERAL SUPPORT Southern Nevada Junior Golf Association 8010 W Sahara Ave Suite 260 Las Vegas NV 89117 942621058 501(c)(3) 10000 GENERAL SUPPORT Students Athletes Values Education Inc 8910 S 66th Ave Papillion NE 68133 271506313 501(c)(3) 10000 GENERAL SUPPORT Ted Rhodes Foundation Inc 10730 S Eberhart Ave Chicago IL 60628 621610441 501(c)(3) 10000 GENERAL SUPPORT The Pinkney Foundation 23 Rangewood Court Pittsburg CA 94565 831000830 501(c)(3) 10000 GENERAL SUPPORT The Turn One Golfview Lane North Olmsted OH 44070 346519665 501(c)(3) 10000 GENERAL SUPPORT United States Adaptive Golf Alliance 900 Oakmont Ln Suite 111 Westmont IL 60559 473613721 501(c)(3) 10000 GENERAL SUPPORT Upstate-Carolina Adaptive Golf 25 Louise Ave Greenville SC 29617 832703634 501(c)(3) 10000 GENERAL SUPPORT Women in Golf Foundation Inc PO Box 16834 Atlanta GA 30321 582527454 501(c)(3) 25000 GENERAL SUPPORT Women of Color Golf Inc 700 SHarbour Island Blvd Ste424 Tampa FL 33602 611734645 501(c)(3) 10000 GENERAL SUPPORT 38 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 true false false false false false false true false GREGORY T MCLAUGHLIN PRESIDENT/CEO 113641 275937 8624 0 0 398202 0 HERB CAIN FACILITIES DIR (THRU 06/30) 50684 24548 115569 0 7298 198099 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES WERE PAID FOR GREG MCLAUGHLIN FOR BUSINESS AND/OR PERSONAL USE DURING 2024. TO THE EXTENT THAT THE INDIVIDUAL'S USE OF THE CLUB WAS FOR PERSONAL PURPOSES, THE APPROPRIATE VALUE IS CALCULATED AND REPORTED AS TAXABLE TO THE RECIPIENT ON FORM W-2 IN ACCORDANCE WITH APPLICABLE TAX RULES. PART I, LINE 4A WORLD GOLF FOUNDATION, INC. MADE A SEVERANCE PAYMENT OF $102,766 TO HERB CAIN IN CALENDAR YEAR 2024. THE PAYMENT IS INCLUDED IN HIS REPORTABLE COMPENSATION ON PART VII AND SCHEDULE J OF FORM 990. 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. BUILDINGS AND IMPROVEMENTS 2024-04-30 7272616 BOOK VALUE 596000825 ST JOHNS COUNTY FLORIDA 500 SAN SEBASTIAN VIEW ST AUGUSTINE FL 32084 GOVERNMENT ENTITY EQUIPMENT 2024-04-30 1037873 BOOK VALUE 596000825 ST JOHNS COUNTY FLORIDA 500 SAN SEBASTIAN VIEW ST AUGUSTINE FL 32084 GOVERNMENT ENTITY HALL OF FAME EXHIBITS 2024-04-30 3464 BOOK VALUE 596000825 ST JOHNS COUNTY FLORIDA 500 SAN SEBASTIAN VIEW ST AUGUSTINE FL 32084 GOVERNMENT ENTITY false false false false SCHEDULE N, PART II, LINE 1 WORLD GOLF FOUNDATION, INC. (THE "FOUNDATION") WAS ESTABLISHED IN 1989 AS A NON-PROFIT CORPORATION WITH THE PURPOSE OF CONSTRUCTING AND OPERATING THE WORLD GOLF HALL OF FAME ("HALL OF FAME & MUSEUM") AND WORLD GOLF HALL OF FAME IMAX THEATER ("IMAX THEATER") IN NORTHEAST FLORIDA. THE HALL OF FAME & MUSEUM, WHICH OPENED IN MAY 1998, HONORS THE HISTORY OF GOLF AND THE ACHIEVEMENTS OF ITS GREATEST PLAYERS THROUGH EDUCATIONAL AND ENTERTAINING EXHIBITS DESIGNED FOR THE ENJOYMENT OF THE GENERAL PUBLIC. THE HALL OF FAME & MUSEUM CLOSED ITS PHYSICAL PRESENCE IN ST. AUGUSTINE, FLORIDA, TO THE PUBLIC AS OF SEPTEMBER 2023. THE IMAX THEATER CEASED OPERATIONS AS OF DECEMBER 2024. THE FOUNDATION DEACCESSIONED HALL OF FAME ARTIFACTS FOLLOWING THE CLOSURE OF THE HALL OF FAME & MUSEUM. A PORTION OF THE DEACCESSIONED ARTIFACTS WERE TRANSFERRED TO THE USGA FOUNDATION IN 2024 TO PROMOTE CONTINUED PUBLIC ACCESS. PURSUANT TO THE TERMINATION OF THE FOUNDATION'S ST. JOHNS COUNTY, FL, GROUND LEASE, TITLE TO ALL THE IMPROVEMENTS TO INCLUDE THE HALL OF FAME BUILDING AND RELATED ASSETS WERE TRANSFERRED TO ST. JOHNS COUNTY AS OF APRIL 30, 2024. PART III, LINE 3 THE WORLD GOLF HALL OF FAME & MUSEUM CLOSED ITS PHYSICAL PRESENCE IN ST. AUGUSTINE, FLORIDA, TO THE PUBLIC AS OF SEPTEMBER 2023. THE WORLD GOLF HALL OF FAME IMAX THEATER CEASED OPERATIONS AS OF DECEMBER 2024. THE FOUNDATION DEACCESSIONED HALL OF FAME ARTIFACTS FOLLOWING THE CLOSURE OF THE HALL OF FAME & MUSEUM. A PORTION OF THE DEACCESSIONED ARTIFACTS WERE TRANSFERRED TO THE USGA FOUNDATION IN 2024 TO PROMOTE CONTINUED PUBLIC ACCESS. PART VI, LINE 2 GREGORY T. MCLAUGHLIN AND DIANE TETSWORTH - BUSINESS RELATIONSHIP PART VI, LINE 4 THE FOUNDATION AMENDED ITS GOVERNING DOCUMENTS IN 2024 TO REDUCE THE NUMBER OF BOARD MEMBERS FROM NINE (9) TO FOUR (4), EFFECTIVE SEPTEMBER 25, 2024. UNDER THE AMENDED BYLAWS, ALL FOUR OF THE VOTING DIRECTORS ARE NAMED BY TITLE AND ARE DIRECTORS BECAUSE OF THEIR OFFICIAL CAPACITY IN EACH OF THE FOLLOWING MAJOR GOLF ORGANIZATIONS - THE PGA TOUR ("TOUR"), UNITED STATES GOLF ASSOCIATION ("USGA"), PROFESSIONAL GOLFERS' ASSOCIATION OF AMERICA ("PGA"), AND THE LADIES PROFESSIONAL GOLF ASSOCIATION, INC. ("LPGA"). THE BOARD MAY ALSO ELECT NON-VOTING MEMBERS FROM TIME TO TIME, UP TO A MAXIMUM OF FOUR (4) NON-VOTING MEMBERS. THE FOUNDATION'S AMENDED GOVERNING DOCUMENTS ALSO MODIFIED ITS CHARITABLE MISSION TO REMOVE REFERENCES TO THE WORLD GOLF HALL OF FAME AND MUSEUM (THE "MUSEUM") FOLLOWING THE CLOSURE OF THE MUSEUM'S PHYSICAL LOCATION IN ST. AUGUSTINE, FLORIDA, IN DECEMBER 2023. THE FOUNDATION'S MISSION, AS STATED IN ITS AMENDED GOVERNING DOCUMENTS, REMAINS FOCUSED ON RENDERING CHARITABLE SUPPORT AND ASSISTANCE TO EXEMPT ORGANIZATIONS ESTABLISHED TO DIVERSIFY THE SPORT OF GOLF AND SUPPORT ENVIRONMENTAL AND SUSTAINABILITY INITIATIVES. PART VI, LINE 7A THE FOUNDATION'S BOARD IS COMPRISED OF FOUR (4) VOTING DIRECTORS; UNDER THE BYLAWS, AS AMENDED AS DESCRIBED IN PART VI, LINE 4, ALL FOUR OF THE DIRECTORS ARE NAMED BY TITLE AND ARE DIRECTORS BECAUSE OF THEIR OFFICIAL CAPACITY IN THE FOLLOWING FOUR MAJOR GOLF ORGANIZATIONS - THE PGA TOUR ("TOUR"), UNITED STATES GOLF ASSOCIATION ("USGA"), PROFESSIONAL GOLF ASSOCIATION OF AMERICA ("PGA"), LADIES PROFESSIONAL GOLF ASSOCIATION, INC. ("LPGA"). EACH OF THESE FOUR GOLF ORGANIZATIONS MAY, AT ANY TIME, REMOVE AND REPLACE ITS DIRECTOR REPRESENTATIVE OR FILL A VACANCY CAUSED BY THE REMOVAL FROM OFFICE, RESIGNATION, OR DEATH OF ITS DIRECTOR REPRESENTATIVE OR CAUSED BY AN INCREASE IN ITS NUMBER OF REPRESENTATIVES ENACTED BY AMENDMENT OF THE FOUNDATION'S BYLAWS. ADDITIONALLY, THE BOARD MAY ELECT NON-VOTING MEMBERS FROM TIME TO TIME, UP TO A TOTAL OF FOUR (4) NON-VOTING MEMBERS. PART VI, LINE 11B THE RETURN WAS REVIEWED IN DETAIL BY THE SENIOR VICE PRESIDENT OF FINANCE AND GRANT THORNTON ADVISORS, LLC, AN INDEPENDENT OUTSIDE SERVICE PROVIDER. 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 2024 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER 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. PART VII, SECTION A THE COMPENSATION REPORTED IN FORM 990, PART VII, SECTION A FOR DIANE TETSWORTH, THE ORGANIZATION'S SECRETARY, REPRESENTS AN ALLOCATION OF HER SALARY FROM AN UNRELATED THIRD PARTY FOR THE SERVICES SHE RENDERS TO WORLD GOLF FOUNDATION, INC. PART X, LINE 2 THE ORGANIZATION'S CASH IS KEPT IN AN INTEREST-BEARING SWEEP ACCOUNT.