Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
TIGER WOODS FOUNDATION INC |
061468499 | Yes | 4,030,748 | 0 | ||
| (B)
WORLD GOLF FOUNDATION INC |
592998925 | Yes | 150,000 | 0 | ||
Total 2
|
4,180,748 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support Add lines 7 through 10. | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513.. | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e | Discount claimed for blockage or other factors (explain in detail in Part VI): | |||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| 7 | Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) | |||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2014 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2014 |
(iii) Distributable Amount for 2014 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2014 from Section C, line 6 |
||||
|
2
Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions) |
||||
| 3 Excess distributions carryover, if any, to 2014: | ||||
| a From 2009.......X | ||||
| b From 2010.......X | ||||
| c From 2011.......X | ||||
| d From 2012.......X | ||||
| e From 2013....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2014 distributable amount | ||||
|
i
Carryover from 2009 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2014 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2014 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
||||
|
6
Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
||||
|
7 Excess distributions carryover to 2015. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a From 2010.......X | ||||
| b From 2011.......X | ||||
| c From 2012.......X | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART IV, LINE 1 | THE ORGANIZATION HAS PROVIDED GRANTS TO SUPPORT THE WORLD GOLF FOUNDATION, INC. SINCE ITS FISCAL YEAR ENDED 09/30/07. THE WORLD GOLF FOUNDATION FOCUSES ON POSITIVELY IMPACTING THE LIVES OF YOUNG PEOPLE WHILE ALSO FOSTERING DIVERSITY. THE MISSION OF THE WORLD GOLF FOUNDATION ALIGNS WITH THE CHARITABLE MISSION OF THE TIGER WOODS FOUNDATION. |
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Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| PROGRAM SERVICE ACCOMPLISHMENTS | FORM 990, PART III, LINE 4 TIGER WOODS INVITATIONAL PRESENTED BY USLI THE TIGER WOODS INVITATIONAL PRESENTED BY USLI FEATURES THREE DAYS OF UNPARALLELED GOLF ON THE MONTEREY PENINSULA. THIS UNIQUE EVENT RAISES FUNDS FOR THE TIGER WOODS FOUNDATION AND ITS FIRST-GENERATION SCHOLARS. HELD OCT. 13-15, 2014, THE TIGER WOODS INVITATIONAL FEATURED 120 AMATEUR GOLFERS WHO COMPETED ON SPYGLASS HILL GOLF COURSE, MONTEREY PENINSULA COUNTRY CLUB AND PEBBLE BEACH GOLF LINKS. IN ADDITION TO THE GOLF, GUESTS WERE ALSO TREATED TO AN EVENING RECEPTION, WHICH FEATURED REMARKS FROM HOST TIGER WOODS AND LEO TUCKER, FOUNDATION BOARD MEMBER AND MENTOR TO AN EARL WOODS SCHOLAR. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 FIRST-GENERATION EARL WOODS SCHOLARS ATTENDING PRESTIGIOUS UNIVERSITIES ACROSS THE COUNTRY. HERO WORLD CHALLENGE HELD DEC. 1-7, 2014, THE HERO WORLD CHALLENGE TOOK PLACE AT BEAUTIFUL ISLEWORTH GOLF AND COUNTRY CLUB IN ORLANDO, FL, AND FEATURED 18 OF THE WORLD'S BEST PGA TOUR GOLFERS. THE 16TH WORLD CHALLENGE PROVED TO BE A CROWNING MOMENT FOR ONE OF THE GAMES YOUNGEST STARS AS JORDAN SPIETH CRUISED TO A 10-STROKE VICTORY. BEING PLAYED IN FLORIDA FOR THE FIRST TIME IN THE TOURNAMENT'S HISTORY, THE 2014 WORLD CHALLENGE WAS THE FIRST WITH NEW TITLE SPONSOR HERO MOTO CORP. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS AND THE TIGER WOODS LEARNING CENTERS, INCLUDING THE JUPITER, FLORIDA LOCATION. TIGER JAM THE 17TH ANNUAL, SOLD-OUT TIGER JAM ROCKED LAS VEGAS MAY 15-16, 2015 AT THE MGM GRAND. THE TWO-DAY CHARITY EVENT RAISED MORE THAN $1 MILLION FOR THE TIGER WOODS FOUNDATION'S COLLEGE-ACCESS PROGRAMS. TIGER JAM BEGAN ON MAY 15 WITH AN EXCLUSIVE GOLF CLINIC, HOSTED BY TIGER WOODS, FOR GUESTS AT BEAUTIFUL SHADOW CREEK. GUESTS HAD THE OPPORTUNITY TO KNOCK OUT THE WORLD'S TOP POKER PLAYERS FRIDAY NIGHT AT TIGER'S POKER NIGHT, PRESENTED BY THE WORLD POKER TOUR. POKER LEGEND PHIL HELLMUTH CO-HOSTED THIS EXCITING NIGHT WITH WOODS, WHICH INCLUDED CELEBRITY PARTICIPANT MARK CUBAN, PROFESSIONAL POKER PLAYERS ANTONIO ESFANDIARI AND DANIEL NEGREANU, AND WPT COMMENTATORS MIKE SEXTON AND VINCE VAN PATTEN. EVENING FESTIVITIES ON MAY 16 BEGAN WITH EARL WOODS SCHOLARSHIP PROGRAM RECIPIENT KEVIN NGO, WHO RECENTLY GRADUATED FROM UC SAN DIEGO WITH A DEGREE IN COMPUTER SCIENCE AND IS NOW WORKING FOR MICROSOFT, SHARING HIS EXPERIENCE WITH THE TIGER WOODS FOUNDATION. A LIVE AUCTION EMCEED BY CHRIS HARRISON, THE HOST OF "THE BACHELOR" FOLLOWED AND THE NIGHT ENDED WITH A PRIVATE CONCERT BY HIT SINGER ED SHEERAN FOLLOWED BY AN AFTERPARTY AT HAKKASAN. QUICKEN LOANS NATIONAL HELD AT ROBERT TRENT JONES GOLF CLUB IN GAINESVILLE, VA FROM JULY 30-AUGUST 2, 2015, THIS PREMIER PGA TOUR EVENT WELCOMED 120 PRO GOLFERS TO COMPETE FOR THE PRESTIGIOUS QUICKEN LOANS NATIONAL TROPHY. WITH A RECORD-SETTING THIRD ROUND, TROY MERRITT CAPTURED HIS FIRST PGA TOUR WIN FINISHING 18-UNDER AND THREE STROKES AHEAD OF OF RICKIE FOWLER. MERRITT SET TOURNAMENT RECORDS FOR LOWEST ROUND AND LOWEST FINISH BY A CHAMPION. CONTINUING ITS HISTORY OF MILITARY RECOGNITION, THE NATIONAL HONORED OUR NATION'S MILITARY BY PROVIDING 30,000 FREE TICKETS, HOSPITALITY, AND THE "WE SALUTE OUR HEROES" TRIBUTE WALL. MORE THAN 500 MEMBERS OF THE MEDIA COVERED THE EVENT, WITH MAJOR OUTLETS FEATURING TIGER WOODS FOUNDATION SCHOLARS. PROCEEDS FROM THE QUICKEN LOANS NATIONAL BENEFIT THE TIGER WOODS FOUNDATION AND ITS FIRST GENERATION SCHOLARS, INCLUDING 25 WASHINGTON, D.C.-AREA EARL WOODS SCHOLARSHIP RECIPIENTS AND THREE TIGER WOODS LEARNING CENTER CAMPUSES IN WARDS 6 & 7 AND AT THE MARINE CORPS BASE AT QUANTICO. DEUTSCHE BANK CHAMPIONSHIP HELD ANNUALLY OVER LABOR DAY WEEKEND, THE DEUTSCHE BANK CHAMPIONSHIP, RETURNED AS THE SECOND STOP ON THE FEDEXCUP PLAYOFFS. RICKIE FOWLER CAPTURED HIS FIRST PLAYOFF VICTORY IN THE 2015 CHAMPIONSHIP WITH A FINAL ROUND THAT HELD OFF HENRIK STENSON. THE DEUTSCHE BANK CHAMPIONSHIP WELCOMED THE TOP 100 PLAYERS IN THE WORLD TO TPC BOSTON, AND WAS HELD SEPTEMBER 4-7, 2015. DURING THE FINAL ROUND, FOWLER WAS ABLE TO SECURE VICTORY AS STENSON MISPLAYED HIS TEE SHOT ON THE 16TH HOLE AND FOUND HIMSELF IN THE WATER ON THE SIGNATURE PAR-3 HOLE. PROCEEDS FROM THE EVENT SUPPORTED NEARLY 100 EARL WOODS SCHOLARS, INCLUDING SCHOLARS FROM THE LOCAL BOSTON AREA, AND THE TIGER WOODS LEARNING CENTERS ON THE WEST COAST AND EAST COAST. THE BOSTON EARL WOODS SCHOLARS ARE SELECTED VIA A PARTNERSHIP WITH THE BOSTON RED SOX FOUNDATION. |
| MEMBERS OF THE ORGANIZATION | FORM 990, PART VI, LINE 7A THE ORGANIZATION HAS A SOLE MEMBER. THE MEMBER'S CLASS IS NONVOTING. THE MEMBER ELECTS AND DESIGNATES THE BOARD OF GOVERNORS. ALL CORPORATE POWERS ARE MANAGED UNDER THE DIRECTION OF THE BOARD OF GOVERNORS. CONTRIBUTION OF CARS, BOATS, AIRPLANES OR OTHER VEHICLES FORM 990, PART V, LINE 7H THE ORGANIZATION RECEIVED CONTRIBUTIONS OF AN AUTOMOBILE AND A BOAT FROM DEALERS, THEREFORE THESE DONATIONS WERE NOT OF QUALIFIED VEHICLES AND 1098-C FORM REPORTING WAS NOT REQUIRED. |
| PROCESS FOR REVIEW OF FORM 990 | FORM 990, PART VI, LINE 11 THE BOARD OF GOVERNORS HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE ORGANIZATION'S EXECUTIVE STAFF WORKS CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGES TO REVIEW THE RETURN; AND THE FINAL DRAFT OF FORM 990 IS ALSO REVIEWED BY THE TREASURER/CFO PRIOR TO PROVIDING THE DRAFT TO THE AUDIT COMMITTEE. IN ADDITION TO CONSULTING WITH THE TREASURER/CFO AND EXECUTIVE STAFF, THE AUDIT COMMITTEE ALSO MEETS WITH THE ACCCOUNTING FIRM HIRED TO PREPARE THE FORM 990. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE REPORTS BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL DRAFT IS PROVIDED TO THE ENTIRE BOARD BEFORE THE RETURN IS FILED. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, LINE 12C PURSUANT TO THE CONFLICT OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIP TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, OFFICERS AND EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS SAID POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICT OF INTEREST QUESTIONNAIRE. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: (1) THE CONFLICTING INTEREST IS FULLY DISCLOSED TO THE BOARD; (2) THE INTERESTED PERSON RESPONDS TO FACTUAL QUESTIONS RELATED TO THE SUBSTANCE OF THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED, AFTER WHICH HE/SHE SHALL LEAVE THE MEETING; (3) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; (4) ALTERNATIVES TO THE PROPOSED TRANSACTION ARE INVESTIGATED, COMPETITIVE BIDS OR COMPARABLE VALUATIONS ARE OBTAINED; (5) ANY CONFLICTING ISSUES DURING THE COURSE OF A BOARD MEETING WHICH CANNOT BE RESOLVED IS REFERRED TO THE GOVERNANCE COMMITTEE; AND (6) THE TRANSACTION OR ACTION MUST BE APPROVED BY A MAJORITY OF DISINTERESTED PERSONS. |
| COMPENSATION DETERMINATION PROCESS | FORM 990, PART VI, LINE 15A THE BOARD APPOINTS A COMPENSATION COMMITTEE, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, TO BE ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES FOR THE CEO. THE COMPENSATION COMMITTEE DEVELOPS, CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA. THE COMPENSATION COMMITTEE ALSO HIRES A QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS SPECIALIST (INDEPENDENT EXPERT) TO REVIEW, ANALYZE AND PROVIDE BENCHMARKING DATA FOR THE TOTAL COMPENSATION AND BENEFITS PACKAGES. APPROPRIATE COMPARABILITY DATA IS OBTAINED FROM THE INDEPENDENT EXPERTS, (I.E., TOTAL ECONOMIC BENEFITS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT) FOR SIMILAR JOB RESPONSIBILITIES. ANNUALLY THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION. INCENTIVE COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR BASED ON THE EMPLOYEE'S PERFORMANCE AGAINST STATED GOALS FOR THAT YEAR. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE; (3) KEY DELIBERATIONS OF THE COMMITTEE, INCLUDING: (A) THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE IT WAS APPROVED; (B) THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; (C) THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; AND (D) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE AUTHORIZED BODY BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION ARE ALSO DOCUMENTED IN MINUTES, WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. COMPENSATION DETERMINATION PROCESS (OTHER OFFICERS OR KEY EMPLOYEES) FORM 990, PART VI, LINE 15B THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR OTHER OFFICERS AND KEY EMPLOYEES IS THE SAME AS FOR THE CEO. |
| AVAILABILITY OF DOCUMENTS | FORM 990, PARTS VI, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS THAT WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) AVAILABLE UPON REQUEST. |
| Audit of Financial Statements by Independent Accountant | FORM 990, PARTS IV, LINE 12B & XII, LINE 2C THE TIGER WOODS CHARITY EVENT CORPORATION'S FINANCIAL STATEMENTS WERE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE TIGER WOODS FOUNDATION INC., AND AFFILIATES. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS WERE AUDITED BY KPMG, AN INDEPENDENT ACCOUNTING FIRM, AND WERE PREPARED IN ACCORDANCE WITH GAAP. |
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