NonprofitsPga Tour Inc

Pga Tour Inc

PONTE VEDRA, FL

Total revenue

$760.6M

Total expenses

$1.2B

Net assets

$1.6B

Grants received

$4.3M

33 grants

EIN

520999206

Tax year

2024

Mission

To promote the sport of professional golf and the common interests of touring golf professionals.

Programs

2 programs

In addition to promoting and building the sport of professional golf, pga tour, inc. Is committed to generating substantial charitable contributions in the communities where its tournaments are played, even though pga tour, inc. Is not a charitable irc section 501(c)(3) organization. A majority of the tournaments are operated by charitable organizations that give the net proceeds from the tournament to local charities. Areas of support include, but are not limited to, healthcare, education, youth development, disaster relief, food banks, military, and environment. The pga tour also continues its 10-year, $100+ million commitment to support nonprofit organizations that address the disparities that disproportionately affect black citizens and underrepresented and underserved populations. With this increased focus to improve the pga tour's understanding and collaboration with its partners and communities, at the time of filing this return, $174 million has been generated, driving impact across communities. To date, tournaments across the pga tour have generated more than $4 billion of total charitable donations since the first $10,000 contribution was made in 1938. The pga tour's substantial involvement in the charitable world provides a platform for its members to raise substantial charitable dollars through their individual foundations and fundraisers. Finally, it should be noted that, from time to time, the pga tour makes charitable donations to bona fide charities and foundations operated for, by, or in the name of pga tour, inc. Members.

Pga tour, inc. Includes, as part of its mission statement, the dedication to protect the integrity of the game of professional golf. The touring professional golfer has an unwavering adherence to golf's inherent values, such as honesty, integrity, and sportsmanship. Golf is a sport in which players call penalties on themselves, whether an infraction is visible to others or not. It is a sport in which competitors shake hands and congratulate one another at the conclusion of each and every round, tournament or match, without fail. It is also a sport that faithfully teaches each generation of participants from the earliest age that its rules are uncompromisable. These are values that pga tour, inc.'s touring professional golfers live by and demonstrate every round of every tournament.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$437.0M
Investment income$293.2M
Other revenue$30.4M
Total revenue$760.6M

Expenses

Grants paid$37.2M
Salaries & benefits$104.2M
Fundraising
Other expenses$1.1B
Total expenses$1.2B
Total assets$3.9B
Net assets$1.6B

People

33 listed

NameRoleCompensation

Woods Eldrick Tiger

Player Director

Board

$18.3M

20 hrs/wk

Spieth Jordan

Player Dir / Asst Secretary

Board

$10.1M

20 hrs/wk

Monahan Joseph W

Commissioner & President

Board

$8.6M

12 hrs/wk

Cantlay Patrick

Player Director

Board

$7.8M

20 hrs/wk

Scott Adam

Player Director

Board

$7.4M

20 hrs/wk

Malnati Peter

Player Director

Board

$2.6M

20 hrs/wk

Price Ronald E

Chief Operating Officer

Board

$2.2M

11 hrs/wk

Dennis Leland T

Chief Competitions Officer

Board

$1.1M

34 hrs/wk

Keller Allison W

Chief Admin Ofc / Secretary

Board

$919K

12 hrs/wk

Anderson Richard D

EVP & Chief Commercial Officer

Board

$732K

4 hrs/wk

Simpson James Webb

Player Dir / Asst Treasurer

Board

$719K

20 hrs/wk

Shetty Neera M

Chief Legal Ofc & EVP Soc Resp

Board

$552K

14 hrs/wk

Brown Leonard

Chief Global Business Ventures

Board

$513K

5 hrs/wk

Madara Jay M

EVP & CFO / Treasurer

Board

$502K

7 hrs/wk

Herlihy Edward D

Chairman / President

Board

10 hrs/wk

Dunne James J III

Independent Dir, Thru 05/12

Board

10 hrs/wk

Flaherty Mark A

Independent Dir, Thru 05/18

Board

10 hrs/wk

Gorder Joe

Independent Director

Board

20 hrs/wk

Meeker Mary G

Independent Director

Board

10 hrs/wk

Lindert John

PGA of America Dir, Thru 11/06

Board

1 hrs/wk

Rea Don Jr

PGA of America Dir As of 11/07

Board

1 hrs/wk

Gore Jason

EVP & Chief Player Officer

Staff

$1.1M

60 hrs/wk

Oliver Brian M

EVP Corporate Partnerships

Staff

$496K

4 hrs/wk

Neal Laura

EVP Brand Communications

Staff

$474K

9 hrs/wk

Gambuzza Norbert M

EVP Media

Staff

$282K

3 hrs/wk

Glod Daniel T Jr

SVP Business Development

Staff

$278K

5 hrs/wk

Baldwin Alexandra C

President Korn Ferry Tour

Staff

$271K

5 hrs/wk

Brady Jack M Jr

President PGA TOUR Champions

Staff

$243K

5 hrs/wk

Weitz Andrew

CMO & EVP Inv Rel, As of 08/05

Staff

$213K

15 hrs/wk

Goicouria Luis E

SVP Media

Staff

$145K

5 hrs/wk

Sharkey Kenneth J

Former EVP & CFO

Staff

$113K

5 hrs/wk

Votaw Ty M

Former EVP International

Staff

$113K

5 hrs/wk

Triola James C

COO Golf Course Properties

Staff

$9K

1 hrs/wk

Independent contractors

NBC UNIVERSAL MEDIA LLC

MEDIA SERVICES

$78.1M

SCOTTIE SCHEFFLER

TOURNAMENT EARNINGS

$64.4M

RORY MCILROY ENTERPRISES INC

TOURNAMENT EARNINGS

$29.0M

XVS ENTERTAINMENT LLC

TOURNAMENT EARNINGS

$27.0M

CMM LLC

TOURNAMENT EARNINGS

$25.4M

Grants received

Showing 33 of 33

FromAmountPurposeYear
$26K
GENERAL SUPPORT
2024
Support for Charitable Mission
2024
$150K
Akron-Canton Regional Foodbank general operating support
2023
$50K
GENERAL SUPPORT
2023
$25K
ANNUAL GIVING
2023
$11K
To Help Continue To Provide Support To Maui Commun
2023
$10K
GENERAL SUPPORT
2023
Support for Charitable Mission
2023
$25K
ANNUAL GIVING
2022
$9K
COMMUNITY SUPPORT
2022
$170K
OPERATIONAL SUPPORT AND PROGRAM ASSISTANCE
2021
$10K
GENERAL SUPPORT
2021
$3M
FOSTER SPORT OF GOLF
2020
$215K
General Support
2020
$88K
OPERATIONAL SUPPORT AND PROGRAM ASSISTANCE
2020
$50K
GENERAL SUPPORT
2020
$25K
ANNUAL GIVING
2020
$10K
DIRECT GRANT
2020
$268
CONTRIBUTION
2020
$50K
GENERAL SUPPORT
2019
$50K
GENERAL SUPPORT
2018
$38K
GENERAL SUPPORT
2017

Funded by

$4.3M from 18 funders · 33 grants · 2017–2024

Masters Tournament Foundation Inc

$3M · 1 grant · 2020

The Westfield Insurance Foundation

$580K · 3 grants · 2020–2023

Flagler Hospital Inc

$258K · 2 grants · 2020–2021

Children's Healthcare Charity Inc

$150K · 3 grants · 2018–2020

Sauer Lewis Foundation

$75K · 3 grants · 2020–2023

Greater Williamsburg Community Trust

$60K · 2 grants · 2023–2024

David And Geri Epstein

$50K · 1 grant · 2023

Northside Hospital Inc

$38K · 1 grant · 2017

Details

EIN520999206
Subsection06
Ruling date1977-02
Formed1974
Employees375
Volunteers11193
PGA TOUR INC — Mission, Financials & Grants Received | Grantivo