Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
A For the 2019 calendar year, or tax year beginning 01-01-2018 , and ending 12-31-2018
BCheck if applicable:
CName of organization
World Golf Foundation Inc
 
% DIANE TETSWORTH
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
ONE WORLD GOLF PLACE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST AUGUSTINE, FL32092
D Employer identification number

59-2998925
E Telephone number

G Gross receipts $ 36,928,927
F Name and address of principal officer:
GREGORY T MCLAUGHLIN
ONE WORLD GOLF PLACE
ST AUGUSTINE,FL32092
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WORLDGOLFFOUNDATION.ORG THEFIRSTTEE.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1989
M State of legal domicile: FL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO DEVELOP AND SUPPORT INITIATIVES INCLUDING THE HALL OF FAME, THE FIRST TEE, AND WE ARE GOLF THAT POSITIVELY IMPACT LIVES THROUGH THE GAME OF GOLF AND ITS VALUES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 7
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 7
5 Total number of individuals employed in calendar year 2018 (Part V, line 2a) ...... 5 165
6 Total number of volunteers (estimate if necessary) ............. 6 130
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 934,289
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b  
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 38,414,352 24,858,147
9 Program service revenue (Part VIII, line 2g) ......... 2,795,206 2,604,280
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 996,084 1,438,515
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 3,130,625 1,470,055
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 45,336,267 30,370,997
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 5,659,023 6,633,155
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 12,532,819 15,293,384
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,912,119    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 24,062,798 18,852,954
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 42,254,640 40,779,493
19 Revenue less expenses. Subtract line 18 from line 12....... 3,081,627 -10,408,496
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 92,157,122 75,848,380
21 Total liabilities (Part X, line 26)............. 23,326,153 19,423,192
22 Net assets or fund balances. Subtract line 21 from line 20..... 68,830,969 56,425,188
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
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Signature of officer Date
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Type or print name and title
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Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2018)
Form 990 (2018)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: TO DEVELOP AND SUPPORT INITIATIVES INCLUDING THE HALL OF FAME, THE FIRST TEE, AND WE ARE GOLF THAT POSITIVELY IMPACT LIVES THROUGH THE GAME OF GOLF AND ITS TRADITIONAL VALUES.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 10,770,728 including grants of $   ) (Revenue $ 3,031,758 )
World Golf Foundation, Inc. (the "Foundation"), which is supported by major international golf organizations and professional tours, oversees the World Golf Hall of Fame & MUSEUM (4a), The First Tee (4b), We Are Golf (4c) and other nonprofit components. The Foundation has a dual mission. The mission of the foundation is to preserve the history of the game and the legacies of those who have made it great and to create entertaining and educational exhibits for the enjoyment of the general public. These elements of the Foundation work together to promote growth of the game of golf among adults, youth, and minorities as well as in the golf industry. The Foundation is supported by major golf organizations and professional tours throughout the world including: American Junior Golf Association American Society of Golf Course Architects Asian Tour Club Managers Association of America Golf Canada Golf Course Builders Association of America Golf Course Superintendents Association of America Golf Writers Association of America International Association of Golf Administrators Japan Golf Tour Organization Ladies Professional Golf Association National Golf Course Owners Association National Golf Foundation PGA of America PGA TOUR INC. PGA TOUR Champions The PGA European Tour THE MASTERS TOURNAMENT The R&A Royal Canadian Golf Association Southern Africa PGA Tour United States Golf Association Web.com Tour World Golf Hall of Fame & MUSEUM opened its museum facility ("Museum") in May 1998 providing 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. The World Golf Hall of Fame IMAX Theater provides a mix of IMAX films that provide eductional opportunities for area school children and the general public. The World Golf Hall Of Fame Museum and facility encompasses approximately 75,000 square feet and holds more than 70 separate exhibits that combine historical artifacts with the latest interactive technology. The artifacts on display are representative of the history of golf and many of the artifacts are on loan to the Foundation from various individuals and golf organizations for use in the guest experience. The World Golf Hall of Fame and Museum conducts a bienniel induction ceremony to enshrine the 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.
4b (Code:   ) (Expenses $ 20,448,265 including grants of $ 6,633,155 ) (Revenue $ 697,239 )
The World Golf Foundation has undertaken a focused charitable youth development activity entitled "The First Tee". The First Tee mission is to impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf. The purpose is to make character education and golf more affordable and accessible to people of all diversities and social strata, particularly young people who otherwise may not have an opportunity to learn and play the game. The First Tee is a positive youth development program built on a foundation of evidence-based research that views young people as opportunities for developing competencies rather than as problems to be managed. Young people who develop physical health, character, social and emotional qualities, and positive behavioral characteristics are more likely to become successfully functioning members of society. At the core of The First Tee programs are The First Tee Nine Core Values - Honesty, Integrity, Respect, Responsibility, Courtesy, Sportsmanship, Confidence, Judgment, and Perseverance - which are essential for young people to make positive choices and overcome challenges across all areas of their lives. Additionally, The First Tee Nine Healthy Habits - Energy, Play, Safety, Vision, Mind, Family, Friends, School and Community - reinforce the importance of physical, social and emotional wellness. The First Tee works with other not for profit, tax-exempt organizations to create opportunities for programs at various golf facilities, schools and youth-serving locations in the United States and other countries. The First Tee Life Skills Experience -- The First Tee network of approximately 150 licensed chapters delivered The First Tee Life Skills Experience to more than 485,000 young people up to the age of 18 at over 1,385 golf facility program locations in 2018. The First Tee Life Skills Experience seamlessly integrates golf skills and life skills to help build positive character traits in young people demonstrated on the golf course and often transferred to everyday life. Golf professionals and other instructors receive multi-year training and leadership development as coaches who deliver the curriculum. In addition, The First Tee offers educational opportunities for chapter staff and volunteer board leaders. The First Tee also hosts national event opportunities for selected chapter youth participants to enhance their leadership, life skills and golf skills. The First Tee National School Program reached more than 2.8 million elementary school students at over 9,000 schools in 2018. The First Tee National School Program introduces elementary school students to the game of golf, The First Tee Nine Core Values and the First Tee Nine Healthy Habits during physical education classes. Physical educators receive professional development training and are provided age-appropriate curriculum and equipment for effective implementation into their programs. The First Tee DRIVE Program -- DRIVE stands for Develop Rewarding Inspiring Values for Everyone who participates. The First Tee DRIVE Program reached more than 130,000 young people at over 1,200 locations in 2018, either after-school or at youth-serving organizations. Created with youth development professionals and volunteer leaders in mind, The First Tee DRIVE modifies traditional sports like baseball, football, bowling and tennis to incorporate the four basic golf shots and The First Tee Nine Core Values into each lesson. Youth development professionals and volunteer leaders receive professional development training and are provided age-appropriate curriculum and equipment for effective implementation of the program. Through The First Tee curriculum and programs, young people can build confidence, develop responsibility and respect, and appreciate the value of giving back to their community, all while learning the lifelong sport of golf.
4c (Code:   ) (Expenses $ 843,787 including grants of $   ) (Revenue $   )
We Are Golf'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 We Are Golf's major initiatives has been a comprehensive analysis of golf's significant contributions to the U.S. economy. We Are Golf, working in conjunction with research partner SRI International, 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 2016 Golf Economy Report, measured golf's direct economic contributions in the U.S. at $84.1 billion, and found that the industry has impacted 1.89 million jobs with total wage income of $58.7 billion. Significant efforts are also underway to quantify golf's impact at the state level. We Are Golf has collaborated on a template through which states can measure and demonstrate golf's contributions to a variety of key constituencies. In total, impact reports have been completed for 34 states, and it is planned to complete approximately four new states reports each year.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet32,062,780
Form 990 (2018)
Form 990 (2018)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment..............
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part IIIClick to see attachment.............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
Form 990 (2018)
Form 990 (2018)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
58
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2018)
Form 990 (2018)
Page 5
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
165
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletKS
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule N .....
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income?
If "Yes," complete Form 4720, Schedule O ................
16
 
No
Form 990 (2018)
Form 990 (2018)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
7
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
7
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
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
18
Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletDIANE TETSWORTHONE WORLD GOLF PLACE   ST AUGUSTINE,FL32092 (904) 940-4000
Form 990 (2018)
Form 990 (2018)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) JAY MONAHAN......................................................................
DIRECTOR/CHAIRMAN
 1.0
.................
0.0 		X   X       0 0 0
(2) MARTIN SLUMBERS......................................................................
DIRECTOR/TREASURER
 1.0
.................
0.0 		X   X       0 0 0
(3) PETER BEVACQUA......................................................................
DIRECTOR
 1.0
.................
0.0 		X           0 0 0
(4) MICHAEL DAVIS......................................................................
DIRECTOR
 1.0
.................
0.0 		X           0 0 0
(5) E WILLIAM JONES JR......................................................................
DIRECTOR
 1.0
.................
0.0 		X           0 0 0
(6) KEITH PELLEY......................................................................
DIRECTOR
 1.0
.................
0.0 		X           0 0 0
(7) MICHAEL P WHAN......................................................................
DIRECTOR
 1.0
.................
0.0 		X           0 0 0
(8) STEPHEN F MONA......................................................................
PRESIDENT/CHIEF EXEC OFFICER
 40.0
.................
0.0 		    X       451,850 0 54,188
(9) KEITH M DAWKINS......................................................................
EVP & CEO THE FIRST TEE (TFT)
 40.0
.................
0.0 		    X       1,100,676 0 27,386
(10) JOHN E PETER......................................................................
EVP & PRESIDENT WORLD GOLF HOF
 40.0
.................
0.0 		    X       383,121 0 36,481
(11) JENNIFER K WEILER......................................................................
SR VP/CHIEF DEV OFFICER TFT
 40.0
.................
0.0 		    X       333,326 0 99,138
(12) DIANE M TETSWORTH......................................................................
SECRETARY/SR VICE PRESIDENT
 40.0
.................
0.0 		    X       261,714 0 51,111
(13) KELLY A MARTIN......................................................................
SR VP & COO TFT
 40.0
.................
0.0 		        X   364,951 0 179,574
(14) RYAN GRAFF......................................................................
VP PROGRAM DEVELOPMENT TFT
 40.0
.................
0.0 		        X   270,071 0 59,071
(15) MARK N LOWRY......................................................................
VP NETWORK MANAGEMENT
 40.0
.................
0.0 		        X   268,409 0 201,413
(16) DEDRIC HOLMES......................................................................
VP COACH TRAINING (TFT)
 40.0
.................
0.0 		        X   266,362 0 94,880
(17) JOHN SAPORA......................................................................
VP LEGAL SERVICES TFT
 40.0
.................
0.0 		        X   241,146 0 292,793
Form 990 (2018)
Form 990 (2018)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) JOSEPH L BARROW JR........................................................................
FORMER CEO THE FIRST TEE (TFT)
 40.0
.......................0.0 		          X 988,837 0 281,873
























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 4,930,463 0 1,377,908
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet37
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
LORD CULTURE RESOURCES,
88 PINE STREET MEZZANINE LEVEL
NEW YORK,NY10005 		CONSULTING SERVICES 167,815
DANIELLE MANNINO,
339-97TH STREET
BROOKLYN,NY11209 		CONSULTING SERVICES 179,775
SHOUT IT OUT LOUD,
143A SEELEY ST
BROOKLYN,NY11218 		CONSULTING SERVICES 163,620
BILLY CASPER BUFFALO AGENCY,
12700 SUNRISE VALLEY DR
RESTON,VA201915807 		CONSULTING SERVICES 142,194
KIMBERLY HOHMAN,
PO BOX 198
GREEN MOUNTAIN FALLS,CO80819 		CONSULTING SERVICES 105,291
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet5
Form 990 (2018)
Form 990 (2018)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 2,000,004
f All other contributions, gifts, grants, and similar amounts not included above1f 22,858,143
g Noncash contributions included in lines 1a - 1f:$ 7,529,548
h Total. Add lines 1a-1f.......MediumBullet 24,858,147
Program Service RevenueAmt Business Code
2a IMAX THEATER 713990 1,128,338 390,428 737,910  
b WORLD GOLF HALL OF FAME 713990 856,253 856,253    
c THE FIRST TEE 713990 619,689 619,689    
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ....MediumBullet 2,604,280
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 645,928   -40,503 686,431
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 793,477     793,477
(ii) Personal (i) Real
6a Gross rents   76,531
b Less: rental expenses   47,068
c Rental income or (loss) 0 29,463
d Net rental income or (loss)......MediumBullet 29,463     29,463
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   6,825,847
b Less: cost or other basis and sales expenses 1,185 6,032,075
c Gain or (loss) -1,185 793,772
d Net gain or (loss).....MediumBullet 792,587     792,587
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a 0
b Less: direct expenses ...b 0
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a 0
b Less: direct expenses ...b 0
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
a 1,017,322
b Less: cost of goods sold ..b 477,602
c Net income or (loss) from sales of inventory..MediumBullet 539,720 4,701 236,882 298,137
Business Code Miscellaneous Revenue
11a MISCELLANEOUS 900099 107,395 107,395    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 107,395
12 Total revenue. See Instructions......MediumBullet 30,370,997 1,978,466 934,289 2,600,095
Form 990 (2018)
Form 990 (2018)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 5,880,798 5,880,798
2 Grants and other assistance to domestic individuals. See Part IV, line 22 227,495 227,495
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16. 524,862 524,862
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 2,798,992 1,959,294 699,748 139,950
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 1,270,711 889,497 317,678 63,536
7 Other salaries and wages 8,490,867 4,840,555 2,596,292 1,054,020
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 729,109 508,110 165,968 55,031
9 Other employee benefits ....... 1,267,565 831,156 314,263 122,146
10 Payroll taxes ........... 736,140 505,016 163,037 68,087
11 Fees for services (non-employees):        
a Management ...... 0 0 0 0
b Legal ......... 40,278 19,736 13,292 7,250
c Accounting ........... 96,288 0 96,288 0
d Lobbying ........... 160,385 78,589 52,927 28,869
e Professional fundraising services. See Part IV, line 17 0 0
f Investment management fees ...... 366,821 0 366,821 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 1,554,159 1,162,570 370,274 21,315
12 Advertising and promotion .... 895,176 895,176 0 0
13 Office expenses ....... 934,377 663,748 253,735 16,894
14 Information technology ...... 516,210 420,490 66,126 29,594
15 Royalties .. 730,124 730,124 0 0
16 Occupancy ........... 1,415,301 931,356 481,873 2,072
17 Travel ............ 702,134 503,218 82,151 116,765
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0 0 0 0
19 Conferences, conventions, and meetings .... 373,992 142,893 100,313 130,786
20 Interest ........... 361,846 361,846 0 0
21 Payments to affiliates ....... 0 0 0 0
22 Depreciation, depletion, and amortization .. 2,229,779 1,739,586 490,193 0
23 Insurance ... 47,427 1,138 46,004 285
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PUBLIC SERVICE ANNOUNCEMENTS 7,290,542 7,290,542 0 0
b PARTICIPANT OPPORTUNTIES 366,364 366,364 0 0
c RESEARCH AND DEVELOPMENT 181,288 181,288 0 0
d SPECIAL EXHIBITS 132,173 132,173 0 0
e All other expenses 458,290 275,160 127,611 55,519
25 Total functional expenses. Add lines 1 through 24e 40,779,493 32,062,780 6,804,594 1,912,119
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2018)
Form 990 (2018)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 6,706,787 1 3,761,373
2 Savings and temporary cash investments ......... 3,725,573 2 2,535,797
3 Pledges and grants receivable, net ...... 12,094,587 3 9,411,341
4 Accounts receivable, net ............. 256,298 4 178,176
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
0 6 0
7 Notes and loans receivable, net .... 0 7 0
8 Inventories for sale or use ........ 135,623 8 130,305
9 Prepaid expenses and deferred charges ...... 425,891 9 424,843
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 56,990,077
b Less: accumulated depreciation 10b 42,400,498 15,980,100 10c 14,589,579
11 Investments—publicly traded securities . 13,953,508 11 6,951,601
12 Investments—other securities. See Part IV, line 11 ..... 36,980,047 12 36,407,325
13 Investments—program-related. See Part IV, line 11 .. 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 1,898,708 15 1,458,040
16 Total assets. Add lines 1 through 15 (must equal line 34)... 92,157,122 16 75,848,380
Liabilities 17 Accounts payable and accrued expenses ..... 5,517,871 17 4,266,215
18 Grants payable ... 0 18 0
19 Deferred revenue ......... 2,503,261 19 1,938,824
20 Tax-exempt bond liabilities ......... 9,318,061 20 7,800,426
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.. 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 5,417,777 23 5,417,727
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 569,183 25 0
26 Total liabilities. Add lines 17 through 25.. 23,326,153 26 19,423,192
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 24,844,196 27 23,740,655
28 Temporarily restricted net assets ........... 43,986,773 28 32,684,533
29 Permanently restricted net assets 0 29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 68,830,969 33 56,425,188
34 Total liabilities and net assets/fund balances ........ 92,157,122 34 75,848,380
Form 990 (2018)
Form 990 (2018)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
30,370,997
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
40,779,493
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-10,408,496
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
68,830,969
5
Net unrealized gains (losses) on investments ...............
5
-1,875,000
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-122,285
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
56,425,188
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2018)
Form 990 (2018)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9

10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (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
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv), 170(b)(1)(A)(vi), and 170(b)(1)(A)(ix)
(Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 42,450,509 43,307,681 34,782,081 38,414,352 24,858,147 183,812,770
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 42,450,509 43,307,681 34,782,081 38,414,352 24,858,147 183,812,770
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).. 88,314,567
6 Public support. Subtract line 5 from line 4. 95,498,203
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
7 Amounts from line 4.. 42,450,509 43,307,681 34,782,081 38,414,352 24,858,147 183,812,770
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 3,366,323 2,627,088 4,307,030 3,286,619 1,515,936 15,102,996
9 Net income from unrelated business activities, whether or not the business is regularly carried on..           0
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..           0
11 Total support. Add lines 7 through 10 198,915,766
12
12
19,592,224
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
48.009 %
15
15
48.132 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (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.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (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.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
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
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
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 2018 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-2018 		(iii)
Distributable
Amount for 2018
1 Distributable amount for 2018 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2018:
a From 2013.......  
b From 2014.......  
c From 2015.......  
d From 2016.......  
e From 2017.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2018 distributable amount  
i Carryover from 2013 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2018 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2018 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2018, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions.		  
6 Remaining underdistributions for 2018. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions.		  
7 Excess distributions carryover to 2019. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a Excess from 2014......  
b Excess from 2015.....  
c Excess from 2016.....  
d Excess from 2017.....  
e Excess from 2018.....  
Schedule A (Form 990 or 990-EZ) (2018)

Schedule A (Form 990 or 990-EZ) 2018
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2018


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
Name of organization
World Golf Foundation Inc
  		Employer identification number
59-2998925
Part I
Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Page 3
Name of organization
World Golf Foundation Inc
  		Employer identification number

59-2998925
Part II
Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Page 4
Name of organization
World Golf Foundation Inc
  		Employer identification number

59-2998925
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet Complete if the organization is described below. SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

2
Political campaign activity expenditures (see instructions) ....................................................................SchCMd Bullet
$  
3
Volunteer hours for political campaign activities (see instructions) ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2018

Schedule C (Form 990 or 990-EZ) 2018
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ............................... 160,385  
c Total lobbying expenditures (add lines 1a and 1b) ................................................................... 160,385  
d Other exempt purpose expenditures ........................................................................ 31,984,193  
e Total exempt purpose expenditures (add lines 1c and 1d) ............................................... 32,144,578  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) ................................................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) Total
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		6,000,000
c Total lobbying expenditures 48,000 68,615 108,510 160,385 385,510
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
e Grassroots ceiling amount
(150% of line 2d, column (e))		 1,500,000
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2018


Schedule C (Form 990 or 990-EZ) 2018
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
 
c
Media advertisements? ...................................................................................................
 
 
 
d
Mailings to members, legislators, or the public? .............................................................................
 
 
 
e
Publications, or published or broadcast statements? ...........................................................
 
 
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
 
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2018


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
 
(ii) related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   33,700 33,700
b Buildings ....   35,574,757 26,948,633 8,626,124
c Leasehold improvements   1,283,431 1,146,653 136,778
d Equipment ....   20,098,189 14,305,212 5,792,977
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 14,589,579
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) LIMITED PARTNERSHIPS		 36,407,325 F
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 36,407,325
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART III, LINE 1A The Foundation has received certain loaned and donated artifact collections from other golf organizations and from individuals for exhibition in the HOF. The Foundation's policy on collections is to not capitalize the value of these collections as they are held for public exhibition, education, or research and not for financial gain. These items are protected and preserved. Ancillary costs of collection items purchased by the Foundation were approximately $45,045 and $49,842 in 2018 and 2017, respectively. There were no proceeds from the sale of collection items or insurance recoveries from lost or destroyed collection items owned by the Foundation in 2018 or 2017.
PART III, LINE 4 THE WORLD GOLF HALL OF FAME'S PROGRAM ACTIVITIES INCLUDE A MUSEUM OF GOLF RELATED ARTIFACTS OF HISTORICAL AND EDUCATIONAL SIGNIFICANCE. THESE ITEMS ALSO INCLUDE MEMORABILIA FROM THE INDUCTEES' CAREERS AND PERSONAL LIVES, SUCH AS CLUBS, BALL MARKERS AND TOOLS USED TO CRAFT THESE ITEMS. SOME OF THE COLLECTION IS OWNED BY THE WORLD GOLF FOUNDATION AND SOME OF IT IS ON LOAN FROM THE ARTIFACT OWNER.
PART X, LINE 2 THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER 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 CODE. 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 CONSOLIDATED 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.
Schedule D (Form 990) 2018


Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
East Asia and the Pacific     Grantmaking   524,862
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....     524,862
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)     524,862
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2018
Schedule F (Form 990) 2018
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
East Asia and the Pacific GENERAL SUPPORT 50,000 WIRE   NONE NONE
East Asia and the Pacific GENERAL SUPPORT 474,862 WIRE   NONE NONE
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
2
3 Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2018
Schedule F (Form 990) 2018Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2018
Schedule F (Form 990) 2018
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2018
Schedule F (Form 990) 2018
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
PART I, LINE 2 EACH ORGANIZATION COMPLETES THE FIRST TEE OPERATING GRANT APPLICATION THAT IS REQUIRED BY ALL CHAPTERS WHO RECEIVE GRANTS. THE APPLICATION DOES ALLOW FOR FUNDS TO BE USED FOR A NUMBER OF PURPOSES THAT RELATE TO THE FIRST TEE PROGRAM.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2018
Additional Data


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number
59-2998925
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) Aiken Junior Golf Foundation Inc
901 Houndslake Drive
Aiken,SC29803 		26-4784141 501 (c) (3) 12,000 5,918 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(2) Carol S Petrea Youth
Golf Foundation Inc PO Box 1820
Shallotte,NC28459 		27-0106935 501 (c) (3) 32,000 5,941 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(3) Central Coast Jr Golf
120 La Joya Dr
Nipomo,CA93444 		77-0524816 501 (c) (3) 12,500 5,978 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(4) Charleston Junior Golf Foundation
321 Wingo Way
Ms Staci Bennett
Mount Pleasant,SC29464 		20-3959266 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(5) Children's Golf FoundationInc
7301 N Haverhill Rd
W Palm Beach,FL33407 		65-0262208 501 (c) (3) 239,932 5,930 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(6) Colorado Open Golf Foundation
20309 E 48th Place
Denver,CO80249 		20-0377476 501 (c) (3) 20,000 5,948 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(7) Connecticut Golf Foundation
55 Golf Club Road
Cromwell,CT06416 		61-1510744 501 (c) (3) 68,500 11,855 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(8) Conquistadores Youth Golf Fund
1400 West Speedway Blvd
Judy McDermott
Tucson,AZ85745 		45-0511766 501 (c) (3) 17,500   NONE NONE GENERAL SUPPORT
(9) CR JRS Chip Inc
Bob OConnor Golf Course
5370 Schenley Dr
Pittsburgh,PA15217 		01-0867393 501 (c) (3) 69,500   NONE NONE GENERAL SUPPORT
(10) Denver Jr Golf
2500 York St
Denver,CO80205 		30-0506671 501 (c) (3) 22,000 5,948 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(11) Desert Recreation District Coachella Valley Recrea
The Golf Center at Palm Desert
74-945 Sheryl Ave
Palm Desert,CA92260 		91-2143285 501 (c) (3) 12,500   NONE NONE GENERAL SUPPORT
(12) Detroit Golf Foundation Penske
19013 Woodward Ave
Detroit,MI48203 		46-3566916 501 (c) (3) 158,333   NONE NONE GENERAL SUPPORT
(13) East Bay Golf Foundation
2290 Diamond Blvd
Suite 203
Concord,CA94520 		01-0803067 501 (c) (3) 11,000 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(14) East Lake Foundation
2606 Alston Drive
Nyre Williams
Atlanta,GA30317 		58-2204306 501 (c) (3) 20,000   NONE NONE GENERAL SUPPORT
(15) First Tee New York Inc
Mosholu Golf Course
3545 Jerome Avenue
Bronx,NY10467 		31-1724122 501 (c) (3) 222,500 11,855 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(16) First Tee of Central Florida
199 East Welbourne Ave Suite 201
Winter Park,FL32789 		27-0149539 501 (c) (3) 62,500   NONE NONE GENERAL SUPPORT
(17) Fore Augusta Foundation Inc
3165 Damascus Rd
Augusta,GA30909 		58-2415361 501 (c) (3) 18,000   NONE NONE GENERAL SUPPORT
(18) Fort Worth Jr Golf Foundation
1900 Rockwood Park Drive North
Ft Worth,TX76114 		20-5545252 501 (c) (3) 31,000 11,855 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(19) Future Citizens Foundation
Twin Creek Golf Course
1551 Beacon Hill Drive
Salinas,CA93905 		26-0015069 501 (c) (3) 52,000 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(20) Future Talent Silicon Valley
1922 The Alameda
Suite 214
San Jose,CA95126 		46-3102278 501 (c) (3) 12,500   NONE NONE GENERAL SUPPORT
(21) Golden Isles Leadership Foundation
5445 Frederica Rd
Saint Simons Island,GA31522 		46-1057428 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(22) Golf Fore Life Skills
14893 E Ball Rd
Anaheim,CA92806 		27-4581056 501 (c) (3) 105,000   NONE NONE GENERAL SUPPORT
(23) Golf Fore Fun Inc
PO Box 236
Clemmons,NC27012 		20-8114680 501 (c) (3) 76,167 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(24) Greater Philadelphia Scholastic Golf Assoc
800 Walnut Lane
Philadelphia,PA19128 		21-2088969 501 (c) (3) 94,333   NONE NONE GENERAL SUPPORT
(25) Greater Wilmington Youth Intitiative
311 Donald Ross Drive
Wilmington,NC28409 		81-1220120 501 (c) (3) 66,667   NONE NONE GENERAL SUPPORT
(26) The First Tee of Spartanburg Inc
PO Box 817
Greenville,SC29602 		56-2199252 501 (c) (3) 17,500   NONE NONE GENERAL SUPPORT
(27) Gulf Coast Jr Golf Tour
1370 Creekside Blvd
Naples,FL34108 		65-0477835 501 (c) (3) 23,000   NONE NONE GENERAL SUPPORT
(28) The Youth Life Skills Foundation Inc
742 Delaware Ave
Buffalo,NY14209 		16-1490270 501 (c) (3) 7,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(29) Hammond Youth Golf Academy
901 129th Street
Hammond,IN46320 		20-4514968 501 (c) (3) 10,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(30) Hawaii Youth Golf Association
94-1509 Anonui Street
Waipahu,HI96797 		61-1796911 501 (c) (3) 100,000   NONE NONE GENERAL SUPPORT
(31) Hilton Head Island foundation To Support Youth Spo
PO Box 23334
Hilton Head Island,SC29925 		46-5117877 501 (c) (3) 17,500   NONE NONE GENERAL SUPPORT
(32) Idaho Youth Golf Association Inc
172 S Academy St Suite 160
Eagle,ID83616 		43-3801123 501 (c) (3) 6,000 5,966 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(33) IMA Recreation Association
6045 Davidson Rd
Burton,MI48509 		38-3393557 501 (c) (3) 6,000   NONE NONE GENERAL SUPPORT
(34) Indiana Golf Foundation Inc
2625 Hurricane Road
Franklin,IN46131 		35-2145820 501 (c) (3) 15,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(35) Jersey Shore Junior Golf
Ocean Counties 1003 Wickapecko Dr
Ocean,NJ07712 		30-0238834 501 (c) (3) 125,000   NONE NONE GENERAL SUPPORT
(36) Jr Golf Found Of Greater St Louis
5163 Clayton Ave
St Louis,MO63110 		26-1557647 501 (c) (3) 35,000   NONE NONE GENERAL SUPPORT
(37) Jr Metro Golf Inc
199 Grandview Rd
Skillman,NJ08558 		22-3463521 501 (c) (3) 125,000   NONE NONE GENERAL SUPPORT
(38) JR Smith Youth Foundation
4 Molsbury Lane
Millstone Township,NJ08510 		37-1506840 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(39) Lake Michigan Junior Golf Association Inc
3450 36th St SE
Grand Rapids,MI49512 		20-3856394 501 (c) (3) 13,500   NONE NONE GENERAL SUPPORT
(40) Life Skills for Youth of Northern New Mexico
1704-B Llano St 348
Santa Fe,NM87505 		20-3048071 501 (c) (3) 23,889   NONE NONE GENERAL SUPPORT
(41) Life Skills fore Youth of the Pecos Valley
NM Military Institute Golf Course
201 W 19th St
Roswell,NM88201 		20-3586672 501 (c) (3) 23,889   NONE NONE GENERAL SUPPORT
(42) Life Skills Fore Pasadena Youth Inc
1133 Rosemont Ave
Pasadena,CA91103 		25-1924033 501 (c) (3) 9,500 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(43) Los Angeles Jr Chamber of Commerce Charity Founda
244 South San Pedro Suite 200
Los Angeles,CA90012 		95-6051006 501 (c) (3) 15,333   NONE NONE GENERAL SUPPORT
(44) New Jersey Youth Development Foundation
One Golf Drive
The Learning Center
Kenilworth,NJ07033 		11-3826837 501 (c) (3) 138,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(45) North Texas Jr Golf & Education Foundation
16200 Addison Rd Suite 255
Addison,TX75001 		75-2602809 501 (c) (3) 278,500   NONE NONE GENERAL SUPPORT
(46) Northern Nevada Youth Golf Found
1575 Delucchi Ln Ste 104
Reno,NV89502 		88-0444732 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(47) Ohio Youth Development and Golf Association Inc
3116 W MontgomeryRd Ste C110
Maineville,OH45039 		46-0951415 501 (c) (3) 11,000   NONE NONE GENERAL SUPPORT
(48) Partners Fore Golf Inc
2843 Hopyard Rd Ste 143
Pleasanton,CA94588 		20-2189915 501 (c) (3) 11,000   NONE NONE GENERAL SUPPORT
(49) Peninsula Metro YMCA
1003 Brick Kilm Blvd
Newport News,VA23602 		54-0524905 501 (c) (3) 17,000   NONE NONE GENERAL SUPPORT
(50) Pro Kids Golf Academy
4085 52nd Street
San Diego,CA92105 		33-0617741 501 (c) (3) 68,000   NONE NONE GENERAL SUPPORT
(51) Richmond First Tee
6211 Forest Hill Ave Suite 104
Richmond,VA23225 		54-1886298 501 (c) (3) 393,194 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(52) Sacramento Area Youth Golf
3649 Fulton Ave
Sacramento,CA95821 		68-0023502 501 (c) (3) 13,500 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(53) San Antonio Golf Association Inc
915 East Mulberry
San Antonio,TX78212 		74-1364915 501 (c) (3) 1,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(54) San Francisco First Tee
99 Harding Rd
San Francisco,CA94132 		91-2169009 501 (c) (3) 137,500 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(55) San Juan County New Mexico
Riverview Golf Course 64 CR 6520
Kirtland,NM87417 		27-1892309 501 (c) (3) 25,888   NONE NONE GENERAL SUPPORT
(56) Scott Robertson Memorial Junior Golf Academy
3707 Densmore Rd NW
Roanoke,VA24017 		20-1237999 501 (c) (3) 12,000 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(57) Seattle Jr Golf Foundation
PO Box 31020
Seattle,WA98103 		91-2116912 501 (c) (3) 116,500 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(58) South Dakota Golf Association
2604 West Russell St
Sioux Falls,SD57104 		46-0449824 501 (c) (3) 12,000 5,938 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(59) Tampa Metropolitan Area YMCA Inc
7910 Willie Black Dr
Tampa,FL33610 		59-1742909 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(60) Tennessee Golf Foundation
2009 Sevier St
Nashville,TN37206 		58-1093478 501 (c) (3) 152,000 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(61) TFT Greater Houston Inc
5810 Wilson Rd Ste 112
Humble,TX77396 		74-1486171 501 (c) (3) 60,000   NONE NONE GENERAL SUPPORT
(62) TFT of Washington DC
2020 Pennsylvania Ave NE Ste 106
Washington,DC20006 		52-2195691 501 (c) (3) 217,500 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(63) The Childrens Course
19825 River Rd
Gladstone,OR97027 		93-1212530 501 (c) (3) 17,500 5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(64) The First Tee of Atlanta
John A White Park
1053 Cascade Circle SW
Atlanta,GA30311 		58-2414794 501 (c) (3) 138,500 5,930 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(65) The First Tee of Benton Harbor
201 Graham Ave
Benton Harbor,MI49022 		20-4206065 501 (c) (3) 7,500 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(66) The First Tee of Greater Charlotte Inc
2661 Barringer Drive
Charlotte,NC28208 		56-2245026 501 (c) (3) 11,000 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(67) The First Tee of Chicago Foundation
2901 W Lake Ave Suite A
Glenview,IL60025 		31-1746890 501 (c) (3) 67,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(68) The First Tee of Howard County Inc
5100 Columbia Road
Columbia,MD21044 		52-2148691 501 (c) (3) 8,500 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(69) The First Tee of North Florida
475 W Town Place Suite 115
St Augustine,FL32092 		59-3577327 501 (c) (3) 19,500 11,834 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(70) The First Tee of South Puget Sound
7108 Lakewood DR W
Tacoma,WA98467 		45-1781054 501 (c) (3) 10,000   NONE NONE GENERAL SUPPORT
(71) The First Tee of The Quad Cities
Red Hawk Golf Course
6364 Northwest Blvd
Davenport,IA52806 		42-1510940 501 (c) (3) 30,000   NONE NONE GENERAL SUPPORT
(72) The Golf Foundation of Iowa
1620 Pleasant St Suite 247
Des Moines,IA50314 		42-1500562 501 (c) (3) 10,500   NONE NONE GENERAL SUPPORT
(73) The Greater Pensacola Junior Golf Association Inc
101 W Main Street
Pensacola,FL32502 		59-3288799 501 (c) (3) 14,000 5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(74) Three Rivers Park District
11000 County Road 10
Minneapolis,MN554421611 		41-1579104 501 (c) (3) 12,500   NONE NONE GENERAL SUPPORT
(75) Thunderbird Jr Golf Foundation
3837 E Weir Ave Suite 7
Phoenix,AZ85040 		52-2103204 501 (c) (3) 30,000 5,948 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(76) Triangle Golf Foundation Inc
8800 Westgate Park Drive Ste 104
Raleigh,NC27617 		56-2266025 501 (c) (3) 30,000   NONE NONE GENERAL SUPPORT
(77) Twin Cities Junior Golf Program
1403 Montreal Ave
Saint Paul,MN55116 		35-2220834 501 (c) (3) 17,500   NONE NONE GENERAL SUPPORT
(78) Urban Youth Golf Program
800 N DuPont Rd
Wilmington,DE19807 		33-1103722 501 (c) (3) 10,000 5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(79) YMCA South Hampton Roads
2400 Tournament Drive
Virginia Beach,VA23456 		54-1929910 501 (c) (3) 35,000 6,036 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(80) Youth Driving for Values
6 Old Oak Lane
Sandy,UT84092 		01-0584107 501 (c) (3) 17,500   NONE NONE GENERAL SUPPORT
(81) Youth Develop Corp of SW Ohio
4747 Playfield Lane
Cincinnati,OH45226 		81-0669666 501 (c) (3) 51,535   NONE NONE GENERAL SUPPORT
(82) Alexandria City Public Schools
1340 Braddock Place
Alexandria,VA22314 		45-3168100 Section 115   17,450 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(83) Barrington 220
515 W Main Street
Barrington,IL60010 		95-5620907 Section 115   7,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(84) Boys and Girls Club of Middle Tennessee
1704 Charlotte Avenue
Nashville,TN37203 		62-0540402 Section 115   5,700 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(85) Boys and Girls Clubs of Garden Grove
10540 Chapman Avenue
Garden Grove,CA92840 		95-6112702 Section 115   13,300 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(86) Cleveland County Schools
400 West Marion Street
Shelby,NC28150 		56-1491775 Section 115   9,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(87) Decatur City Schools
302 4th Avenue NE
Decatur,AL35601 		58-2004353 Section 115   6,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(88) DeKalb County School District
1701 Mountain Industrial Boulevard
Stone Mountain,GA30083 		62-1689744 Section 115   112,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(89) Elmhurst 205
162 S York
Elmhurst,IL60126 		36-3626419 Section 115   12,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(90) Elk Grove Unified School District
9510 Ilk Grove- Florin Road
Elk Grove,CA95624 		94-6002501 Section 115   15,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(91) Escambia County School District
75 North Pace Blvd
Pensacola,FL32505 		59-2715995 Section 115   11,550 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(92) Evanston Community School District 65
1500 McDaniel Avenue
Evanston,IL60201 		36-4003165 Section 115   15,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(93) Hamilton County Schools
3074 Hickory Valley Road
Chattanooga,TN37421 		62-1363725 Section 115   9,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(94) Hampton City Schools
One Franklin Street
Hampton,VA23669 		54-2026410 Section 115   10,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(95) Linden County Schools
2 E Gibbons Street
Linden,NJ07036 		22-6002033 Section 115   6,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(96) Lockport City School District
130 Beattie Avenue
Lockport,NY14094 		16-6001885 Section 115   6,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(97) Midland Independent School District
615 W Missouri Avenue
Midland,TX79701 		75-2330628 Section 115   13,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(98) Oak Lawn- Hometown School District 123
4201 West 93rd Street
Oak Lawn,IL60453 		36-3807391 Section 115   7,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(99) St Johns County School District
40 Orange Street
St Augustine,FL32084 		59-3221115 Section 115   10,500 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(100) Virginia Beach City Public Schools
2512 George Mason Drive
Virginia Beach,VA23456 		54-0722075 Section 115   15,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(101) Volusia County Schools
200 N Clara Avenue
Deland,FL32720 		59-6000884 Section 115   15,000 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(102) Academic Scholarships From the First Tee
One World Golf Place
St Augustine,FL32092 		59-2998925 502 (c) (3) 227,495       GENERAL SUPPORT
(103) The First Tee of Japan

6-14-5 SHIMBASHI BUILDING
TOKYO   105-0004
JA 		502 (c) (3) 50,000   NONE NONE GENERAL SUPPORT
(104) Nine Values Foundation

YANGJAECHEON-RO 19 GIL
SEOUL   06753
KS 		502 (c) (3) 474,862   NONE NONE GENERAL SUPPORT
(105) DADE AMATEUR GOLF ASSOCIATION
1802 NW 37TH AVE
MIAMI,FL33125 		23-7069300 501 (c) (3)   5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(106) DEL RIO CC FOUNDATION
812 14TH STREET
MODESTO,CA95354 		91-2143033 501 (c) (3)   5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(107) FRESNO YOUTH GOLF ASSOCIATION INC
7492 Riverside Dr
Fresno,CA93722 		02-0792999 501 (c) (3)   5,961 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(108) GREATER AUSTIN FIRST TEE
5501 ED BLUESTEIN BLVD
AUSTIN,TX78723 		74-2930567 501 (c) (3)   5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(109) NEW WADING RIVER COUNTRY CLUB LLC
300 ARNOLD PALMER BOULEVARD
NORTON,MA02766 		13-4245342 501 (c) (3)   5,928 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(110) THE NEW ORLEANS JUNIOR GOLF FOUNDATION
1050 S JEFFERSON DAVIS PKWY
NEW ORLEANS,LA70125 		75-3160528 501 (c) (3)   5,924 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(111) THE YAKIMA YOUTH GOLF ORGANIZATION
131 MAPLEWAY ROAD
SELAH,WA98942 		20-5416294 501 (c) (3)   5,978 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
(112) THREE RIVERS PARK DISTRICT
11000 COUNTY ROAD 10
PLYMOUTH,MN55442 		41-1579104 501 (c) (3)   5,938 FMV PROG SVC EQUIPMENT GENERAL SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
109
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2018

Schedule I (Form 990) 2018
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) Academic Scholarships From the First Tee 109 227,495      
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I PART 1 LINE 2 GRANTS ARE MADE TO SCHOOLS AND OTHER 501 (C)(3) CHARITABLE ORGANIZATIONS. A DETERMINATION LETTER IS REQUESTED PRIOR TO THE GRANT BEING AWARDED.
Schedule I (Form 990) 2018



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1STEPHEN F MONA
PRESIDENT/CHIEF EXEC OFFICER 		(i)

(ii)		 293,856
-------------
0 		142,314
-------------
0 		15,680
-------------
0 		16,023
-------------
0 		38,165
-------------
0 		506,038
-------------
0 		0
-------------
0
2KEITH M DAWKINS
EVP & CEO THE FIRST TEE (TFT) 		(i)

(ii)		 389,975
-------------
0 		276,875
-------------
0 		433,826
-------------
0 		0
-------------
0 		27,386
-------------
0 		1,128,062
-------------
0 		0
-------------
 
3JOHN E PETER
EVP & PRESIDENT WORLD GOLF HOF 		(i)

(ii)		 262,747
-------------
0 		104,819
-------------
0 		15,555
-------------
0 		12,252
-------------
0 		24,229
-------------
0 		419,602
-------------
0 		0
-------------
0
4JENNIFER K WEILER
SR VP/CHIEF DEV OFFICER TFT 		(i)

(ii)		 90,792
-------------
0 		64,050
-------------
0 		178,484
-------------
0 		78,966
-------------
0 		20,172
-------------
0 		432,464
-------------
0 		0
-------------
0
5DIANE M TETSWORTH
SECRETARY/SR VICE PRESIDENT 		(i)

(ii)		 177,249
-------------
0 		75,627
-------------
0 		8,838
-------------
0 		9,833
-------------
0 		41,278
-------------
0 		312,825
-------------
0 		0
-------------
0
6KELLY A MARTIN
SR VP & COO TFT 		(i)

(ii)		 33,386
-------------
0 		0
-------------
0 		331,565
-------------
0 		176,926
-------------
0 		2,648
-------------
0 		544,525
-------------
0 		0
-------------
0
7RYAN GRAFF
VP PROGRAM DEVELOPMENT TFT 		(i)

(ii)		 70,167
-------------
0 		42,997
-------------
0 		156,907
-------------
0 		39,881
-------------
0 		19,190
-------------
0 		329,142
-------------
0 		0
-------------
0
8MARK N LOWRY
VP NETWORK MANAGEMENT 		(i)

(ii)		 79,584
-------------
0 		28,299
-------------
0 		160,526
-------------
0 		187,159
-------------
0 		14,254
-------------
0 		469,822
-------------
0 		0
-------------
0
9DEDRIC HOLMES
VP COACH TRAINING (TFT) 		(i)

(ii)		 73,157
-------------
0 		38,339
-------------
0 		154,866
-------------
0 		77,275
-------------
0 		17,605
-------------
0 		361,242
-------------
0 		0
-------------
0
10JOHN SAPORA
VP LEGAL SERVICES TFT 		(i)

(ii)		 19,614
-------------
0 		0
-------------
0 		221,532
-------------
0 		289,444
-------------
0 		3,349
-------------
0 		533,939
-------------
0 		0
-------------
0
11JOSEPH L BARROW JR
FORMER CEO THE FIRST TEE (TFT) 		(i)

(ii)		 223,059
-------------
0 		765,341
-------------
0 		437
-------------
0 		279,930
-------------
0 		1,943
-------------
0 		1,270,710
-------------
0 		0
-------------
0
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES WERE PAID FOR JOHN PETERS AND STEPHEN MONA DURING 2018. TO THE EXTENT THAT THE INDIVIDUAL'S USE OF THE CLUB WAS FOR PERSONAL PURPOSES, THE VALUE OF THAT PERSONAL USE WAS CONSIDERED TAXABLE WAGES AND WAS INCLUDED IN HIS W-2.
PART I, LINE 7 THE ORGANIZATION HAS A LONG TERM INCENTIVE PLAN THAT IS BASED ON GROWING PROGRAM SERVICES AND EXPANDING THE DONOR BASE.
SCHEDULE J PART I, LINE 4A THE WORLD GOLF FOUNDATION MADE SEVERANCE PAYMENTS IN CALENDAR YEAR 2018 TO THE FOLLOWING INDIVIDUALS: KEITH M. DAWKINS 385,577 KELLY A. MARTIN 330,948 JOHN A. SAPORA 221,355 JENNIFER K. WEILER 178,032 MARK N. LOWRY 158,956 RYAN D. GRAFF 156,569 DEDRIC HOLMES 154,534
Schedule J (Form 990) 2018
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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number
59-2998925
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A St Johns County Industrial Development Authority
  		59-2146640   10-24-2012 16,068,385 REFUND PRIOR ISSUE 7/26/2001   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 8,267,962      
2 Amount of bonds legally defeased .............. 0      
3 Total proceeds of issue .................. 0      
4 Gross proceeds in reserve funds ............. 16,068,385      
5 Capitalized interest from proceeds ............. 0      
6 Proceeds in refunding escrows ............... 0      
7 Issuance costs from proceeds ............... 91,171      
8 Credit enhancement from proceeds ............. 0      
9 Working capital expenditures from proceeds ............. 0      
10 Capital expenditures from proceeds ............. 0      
11 Other spent proceeds ............. 15,977,214      
12 Other unspent proceeds ............. 0      
13 Year of substantial completion ............. 2012
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? .... X              
15 Were the bonds issued as part of an advance refunding issue? .....   X            
16 Has the final allocation of proceeds been made? .......... X              
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X              
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............                
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............                
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2018

Schedule K (Form 990) 2018
Page 2
Part Ⅲ
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............                
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............                
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet 0 %      
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet        
6 Total of lines 4 and 5 .............        
7 Does the bond issue meet the private security or payment test? ...                
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............                
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		               
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X            
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X            
b Exception to rebate? ........   X            
c No rebate due? ......... X              
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X            
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X            
b Name of provider .......... 0
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2018

Schedule K (Form 990) 2018
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X            
b Name of provider .......... 0
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X            
7 Has the organization established written procedures to monitor the requirements of section 148? ... X              
Part Ⅴ
Procedures To Undertake Corrective Action
--------------------------------------------------------------------------------------------------------------- A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X              
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
SCHEDULE K, PART IV, LINE 2C THE WORLD GOLF FOUNDATION COMMISSIONED AN ARBITRAGE REBATE REPORT FROM AN INDEPENDENT THIRD PARTY IN OCTOBER OF 2018. THE ISSUED REPORT CONFIRMED THAT THERE IS NO REBATE DUE ON THE OUTSTANDING BOND.
Schedule K (Form 990) 2018

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SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 3 226,412  
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles ..... X 647 0  
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( PUBLIC SERVICE ANNOUNCEMENTS ) X 2 7,290,543 FMV
26 Other Right pointing arrow large image ( Golf Equipment ) X 1 12,593 FMV
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2018)
Schedule M (Form 990) (2018)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE M PART I COLUMN (B) THE ORGANIZATION IS REPORTING IN COLUMN (B) THE NUMBER OF CONTRIBUTIONS RECEIVED.
Schedule M (Form 990) (2018)

Additional Data


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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Return Reference Explanation
PART VI, LINE 2 JOHN E. PETER AND DIANE T. TETSWORTH HAVE A BUSINESS RELATIONSHIP.
PART VI, LINE 7A THE FOUNDATION'S BOARD IS COMPRISED OF SEVEN INDIVIDUALS; UNDER THE BYLAWS, SEVEN OF THE DIRECTORS ARE NAMED BY TITLE AND MUST BE ELECTED AS DIRECTORS BY VIRTUE OF THEIR OFFICIAL CAPACITY IN EACH OF THE FOLLOWING SEVEN MAJOR GOLF ORGANIZATIONS - THE PGA TOUR, UNITED STATES GOLF ASSOCIATION, PROFESSIONAL GOLF ASSOCIATION OF AMERICA, LADIES PROFESSIONAL GOLF ASSOCIATION OF AMERICA, THE MASTERS TOURNAMENT, THE R&A, AND THE PGA EUROPEAN TOUR. AS A RESULT, THESE SEVEN GOLF ORGANIZATIONS HAVE LIMITED DISCRETION TO ELECT SEVEN OF THE EIGHT DIRECTORS. UNDER THE BYLAWS, AN EIGHTH DIRECTOR CAN BE ELECTED BY THE EXISTING DIRECTORS AND IS NOT SELECTED BY ANY OTHER PERSONS OR ORGANIZATIONS. HOWEVER, THIS EIGHTH DIRECTOR WAS NOT APPOINTED IN 2018.
PART VI, LINE 11B THE RETURN WAS REVIEWED IN DETAIL BY THE SENIOR VICE PRESIDENT OF FINANCE, HUMAN RESOURCES, LEGAL, AND AUDIT COMMITTEE. THE 990 RETURN AS FILED WITH THE IRS WAS ALSO MAILED/EMAILED TO THE BOARD OF DIRECTORS IN OCTOBER 2019 PRIOR TO FILING.
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 HUMAN RESOURCES 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 HUMAN RESOURCES. 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 2018 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND THE EXECUTIVE VICE PRESIDENT 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 CHIEF EXECUTIVE OFFICER AND THE EXECUTIVE VICE PRESIDENT, 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 XI, LINE 9 Pension Related Settlement Costs -122,287
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
World Golf Foundation Inc
 
Employer identification number

59-2998925
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) WGV ENTERPRISES INC & SUB

ONE WORLD GOLF PLACE
ST AUGUSTINE,FL32092
59-3399797 		HOLDING COMPA FL NA
  		C Corp -150 0 100.000 % Yes  












Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2018

Additional Data


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