TY 2024 Form 990

(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)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(1) Woods Eldrick Tiger...................................................................... Player Director	20.0 ................. 0.0	X				18,344,359	0	10,983,616
(2) Monahan Joseph W...................................................................... Commissioner & President	12.0 ................. 48.0		X			8,575,105	9,628,541	1,024,205
(3) Spieth Jordan...................................................................... Player Dir / Asst Secretary	20.0 ................. 0.0	X	X			10,138,950	0	5,730,737
(4) Cantlay Patrick...................................................................... Player Director	20.0 ................. 0.0	X				7,789,941	0	6,321,944
(5) Price Ronald E...................................................................... Chief Operating Officer	11.0 ................. 59.0		X			2,176,823	11,015,810	26,712
(6) Scott Adam...................................................................... Player Director	20.0 ................. 0.0	X				7,356,258	0	4,183,201
(7) Brown Leonard...................................................................... Chief Global Business Ventures	5.0 ................. 65.0		X			512,765	2,464,600	242,582
(8) Anderson Richard D...................................................................... EVP & Chief Commercial Officer	4.0 ................. 56.0		X			732,256	1,895,555	497,379
(9) Malnati Peter...................................................................... Player Director	20.0 ................. 0.0	X				2,560,624	0	411,801
(10) Keller Allison W...................................................................... Chief Admin Ofc / Secretary	12.0 ................. 48.0		X			918,677	1,718,068	324,655
(11) Shetty Neera M...................................................................... Chief Legal Ofc & EVP Soc Resp	14.0 ................. 56.0		X			552,285	1,756,402	130,302
(12) Simpson James Webb...................................................................... Player Dir / Asst Treasurer	20.0 ................. 0.0	X	X			718,745	0	1,601,626
(13) Madara Jay M...................................................................... EVP & CFO / Treasurer	7.0 ................. 63.0		X			502,108	1,623,903	68,432
(14) Dennis Leland T...................................................................... Chief Competitions Officer	34.0 ................. 26.0		X			1,149,834	764,500	155,800
(15) Oliver Brian M...................................................................... EVP Corporate Partnerships	4.0 ................. 56.0				X	496,185	969,173	135,271
(16) Neal Laura...................................................................... EVP Brand Communications	9.0 ................. 51.0			X		473,796	753,083	112,674
(17) Gambuzza Norbert M...................................................................... EVP Media	3.0 ................. 57.0				X	281,892	751,459	138,782

(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)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) Gore Jason........................................................................ EVP & Chief Player Officer	60.0 .......................0.0			X			1,105,212	0	66,166
(19) Triola James C........................................................................ COO Golf Course Properties	1.0 .......................59.0				X		9,182	1,018,261	82,135
(20) Glod Daniel T Jr........................................................................ SVP Business Development	5.0 .......................55.0				X		278,317	667,755	130,399
(21) Goicouria Luis E........................................................................ SVP Media	5.0 .......................55.0				X		145,087	776,549	124,342
(22) Baldwin Alexandra C........................................................................ President Korn Ferry Tour	5.0 .......................55.0			X			271,061	678,922	68,007
(23) Brady Jack M Jr........................................................................ President PGA TOUR Champions	5.0 .......................55.0			X			242,559	524,758	140,956
(24) Weitz Andrew........................................................................ CMO & EVP Inv Rel, As of 08/05	15.0 .......................45.0			X			213,086	639,259	8,100
(25) Sharkey Kenneth J........................................................................ Former EVP & CFO	5.0 .......................0.0					X	112,615	0	0
(26) Votaw Ty M........................................................................ Former EVP International	5.0 .......................0.0					X	112,500	0	0
(27) Herlihy Edward D........................................................................ Chairman / President	10.0 .......................1.0	X	X				0	0	0
(28) Dunne James J III........................................................................ Independent Dir, Thru 05/12	10.0 .......................0.0	X					0	0	0
(29) Flaherty Mark A........................................................................ Independent Dir, Thru 05/18	10.0 .......................0.0	X					0	0	0
(30) Gorder Joe........................................................................ Independent Director	20.0 .......................0.0	X					0	0	0
(31) Meeker Mary G........................................................................ Independent Director	10.0 .......................0.0	X					0	0	0
(32) Lindert John........................................................................ PGA of America Dir, Thru 11/06	1.0 .......................0.0	X					0	0	0
(33) Rea Don Jr........................................................................ PGA of America Dir As of 11/07	1.0 .......................0.0	X					0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation
NBC UNIVERSAL MEDIA LLC, 30 ROCKEFELLER PLAZA NEW YORK,NY10112	MEDIA SERVICES	78,069,895
SCOTTIE SCHEFFLER, 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	TOURNAMENT EARNINGS	64,352,590
RORY MCILROY ENTERPRISES INC, 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	TOURNAMENT EARNINGS	29,012,054
XVS ENTERTAINMENT LLC, 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	TOURNAMENT EARNINGS	27,024,847
CMM LLC, 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	TOURNAMENT EARNINGS	25,368,739
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 554

- TIN:

SCHEDULE C
(Form 990)

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

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Complete if the organization is described below. right arrow

Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

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
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Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
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Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
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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
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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.
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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
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Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... right arrow

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ right arrow

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... right arrow

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ right arrow

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... right arrow

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

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.

Cat. No. 50084S

Schedule C (Form 990) 2024

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 right arrow

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check right arrow

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(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) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	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) .................................................
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? ...................................................................................................................	Yes No

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) 2021	(b) 2022	(c) 2023	(d) 2024	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990) 2024

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)

Yes

(b)

Amount

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:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

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

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

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."

Dues, assessments and similar amounts from members ......................................................................

268,100

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

867,682

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

867,682

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

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? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

268,100

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, PART III-B, LINE 2A	LOBBYING EXPENDITURES HAVE DIFFERENT REPORTING REQUIREMENTS FOR FORM 990 PURPOSES COMPARED TO THE LOBBYING DISCLOSURE ACT OF 1995. AS A RESULT, LOBBYING DISCLOSURE REPORTS MAY DIFFER FROM AMOUNTS REPORTED ON FORM 990. PGA TOUR, INC. REPORTS ITS LOBBYING EXPENDITURES IN CONFORMITY WITH THE INTERNAL REVENUE SERVICE REQUIREMENTS FOR TAX-EXEMPT ORGANIZATIONS, WHICH INCLUDES ITS SHARE OF LOBBYING ACTIVITIES CONDUCTED BY ITS SUBSIDIARIES. IN CALENDAR YEAR 2024, PGA TOUR, INC. INCURRED $867,682 IN LOBBYING EFFORTS PERTAINING TO ACTIVE FEDERAL, STATE, AND LOCAL LEGISLATION.

Return Reference

Explanation

SCHEDULE C, PART III-B, LINE 2A

LOBBYING EXPENDITURES HAVE DIFFERENT REPORTING REQUIREMENTS FOR FORM 990 PURPOSES COMPARED TO THE LOBBYING DISCLOSURE ACT OF 1995. AS A RESULT, LOBBYING DISCLOSURE REPORTS MAY DIFFER FROM AMOUNTS REPORTED ON FORM 990. PGA TOUR, INC. REPORTS ITS LOBBYING EXPENDITURES IN CONFORMITY WITH THE INTERNAL REVENUE SERVICE REQUIREMENTS FOR TAX-EXEMPT ORGANIZATIONS, WHICH INCLUDES ITS SHARE OF LOBBYING ACTIVITIES CONDUCTED BY ITS SUBSIDIARIES. IN CALENDAR YEAR 2024, PGA TOUR, INC. INCURRED $867,682 IN LOBBYING EFFORTS PERTAINING TO ACTIVE FEDERAL, STATE, AND LOCAL LEGISLATION.

Schedule C (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

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.
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Attach to Form 990.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

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 ........

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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 July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
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Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
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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)? .............................

Yes No

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.

If the organization elected, as permitted under FASB 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.

If the organization elected, as permitted under FASB 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 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

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 FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

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):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?...

Yes No

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.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


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

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

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 ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

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 .....	0		0
b	Buildings ....	0	0	0
c	Leasehold improvements	0	0	0
d	Equipment ....	750,932	703,483	47,449
e	Other .....	0	0	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				47,449

Schedule D (Form 990) (Rev. 1-2025)

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) PGA TOUR HOLDINGS, INC. & SUBS	0	C
(B) PGA TOUR ENTERPRISES, LLC	1,205,595,551	C
(C) INVESTMENT PARTNERSHIPS	12,907,434	F
(D) MINORITY INVESTMENTS	13,293,156	C
(E) PLAYER RETIREMENT PLANS	1,928,769,274	F
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	3,160,565,415

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.)

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.)...........

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	0
ACCRUED RESERVES	1,158,486
LONG TERM ACCRUED EXPENSES	23,587,363
PLAYER RETIREMENT PLANS	1,928,769,274
LONG TERM PAYABLES	0
AFFILIATED PAYABLES	215,065,415




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	2,168,580,538
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) (Rev. 1-2025)

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 X, LINE 2 - ASC 740 FOOTNOTE	PGA TOUR, INC. AND ITS SUBSIDIARIES FOLLOW AUTHORITATIVE GUIDANCE WHICH PRESCRIBES A MINIMUM PROBABILITY RECOGNITION THRESHOLD AND MEASUREMENT PROCESS OF TAX BENEFIT(S) ARISING FROM AN UNCERTAIN TAX POSITION ONLY IF IT MEETS A MORE LIKELY THAN NOT SUSTAINABILITY UNDER EXAMINATION THRESHOLD, INCLUDING APPEALS AND LITIGATIONS. THE CURRENT YEAR'S EXAMINATION RESULTED IN NO RECOGNITION OF ANY BENEFIT OR LIABILITY ASSOCIATED WITH AN UNCERTAIN TAX POSITION.

Return Reference

Explanation

PART X, LINE 2 - ASC 740 FOOTNOTE

PGA TOUR, INC. AND ITS SUBSIDIARIES FOLLOW AUTHORITATIVE GUIDANCE WHICH PRESCRIBES A MINIMUM PROBABILITY RECOGNITION THRESHOLD AND MEASUREMENT PROCESS OF TAX BENEFIT(S) ARISING FROM AN UNCERTAIN TAX POSITION ONLY IF IT MEETS A MORE LIKELY THAN NOT SUSTAINABILITY UNDER EXAMINATION THRESHOLD, INCLUDING APPEALS AND LITIGATIONS. THE CURRENT YEAR'S EXAMINATION RESULTED IN NO RECOGNITION OF ANY BENEFIT OR LIABILITY ASSOCIATED WITH AN UNCERTAIN TAX POSITION.

Schedule D (Form 990) (Rev. 1-2025)

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SCHEDULE F(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
PGA TOUR INC

Employer identification number

52-0999206

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

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? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

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 the region	(d) Activities conducted in region (by type) (such as, 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 the region	(f) Total expenditures for and investments in the region
	East Asia and the Pacific	2	2	Program Services	TOURNAMENTS MANAGED	685,623
	North America	1	8	Program Services	TOURNAMENTS MANAGED	5,106,548
	Europe (Including Iceland and Greenland)	1	12	Program Services	MEDIA RIGHTS	4,566,713
	Central America and the Caribbean	0	0	Program Services	TOURNAMENTS CO-SPONSOR	281,057
	Middle East and North Africa	0	0	Program Services	TOURNAMENTS CO-SPONSOR	67,712
	South America	0	0	Program Services	TOURNAMENTS CO-SPONSOR	165,257
	Central America and the Caribbean	0	0	Investments		13,293,156
	Central America and the Caribbean	0	0	Grantmaking		231,425
	East Asia and the Pacific	0	0	Grantmaking		5,594
	Europe (Including Iceland and Greenland)	0	0	Grantmaking		21,499
	North America	0	0	Grantmaking		1,245,344






3a	Sub-total ....	4	22			25,669,928
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	4	22			25,669,928

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on 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.

(c) Region	(e) Amount of cash grant	(f) Manner of cash disbursement	(i) Method of valuation (book, FMV, appraisal, other)
North America	9,096	WIRE	FMV
Europe (Including Iceland and Greenland)	10,346	WIRE	FMV
Central America and the Caribbean	19,518	WIRE	FMV
North America	436,907	WIRE	FMV
East Asia and the Pacific	5,594	WIRE	FMV
North America	9,294	WIRE	FMV
Central America and the Caribbean	211,907	WIRE	FMV
North America	148,707	WIRE	FMV
North America	13,583	WIRE	FMV
North America	60,412	WIRE	FMV
North America	9,294	WIRE	FMV
North America	9,294	WIRE	FMV
North America	232,354	WIRE	FMV
North America	196,542	WIRE	FMV
North America	9,301	WIRE	FMV
North America	23,235	WIRE	FMV
North America	67,806	WIRE	FMV
Europe (Including Iceland and Greenland)	11,153	WIRE	FMV

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 .......	18
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on 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 noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) (Rev. 1-2025)

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) (Rev. 1-2025)

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
SCHEDULE F, PART I, LINE 2	PGA TOUR, INC. AND ITS SUBSIDIARIES REVIEW THE MISSION, GOVERNANCE, AND ACTIVITY DESCRIPTIONS FOR FOREIGN ORGANIZATIONS TO WHICH IT MAKES GRANTS OR DONATIONS TO MAKE SURE THAT THE ORGANIZATION IS ALIGNED WITH AND REFLECTIVE OF PGA TOUR INC.'S MISSION AND/OR CHARITABLE OBJECTIVES. GRANTS OR DONATIONS ARE NOT MONITORED AFTER ISSUANCE SINCE PGA TOUR, INC. AND ITS SUBSIDIARIES EXERCISED THE NECESSARY DUE DILIGENCE PRIOR TO OFFERING THE GRANT OR DONATION.
SCHEDULE F, PART I, LINE 3	PGA TOUR, INC. AND ITS SUBSIDIARIES REPORT ACTIVITIES ON SCHEDULE F BY GEOGRAPHIC REGION ACCORDING TO THE FORM 990 INSTRUCTIONS. PGA TOUR, INC. MAINTAINS FOREIGN SUBSIDIARIES TO FACILITATE ACTIVITY IN THE REPORTED REGIONS AND REPORTS EXPENDITURES ON SCHEDULE F OF THOSE FOREIGN SUBSIDIARIES AND OF PGA TOUR, INC. AND ITS SUBSIDIARIES' EMPLOYEES TRAVELING TO FOREIGN REGIONS. A TAXABLE SUBSIDIARY OF PGA TOUR, INC. OWNS SUBSIDIARIES FORMED IN CHINA, JAPAN, AND THE UNITED KINGDOM, THE ACTIVITIES OF WHICH ARE NOT REQUIRED TO BE REPORTED ON PGA TOUR, INC.'S FORM 990. INSTEAD, THESE COMPANIES' ACTIVITIES ARE APPROPRIATELY REPORTED ON THE TAXABLE SUBSIDIARY'S U.S. FEDERAL INCOME TAX RETURN.

Schedule F (Form 990) (Rev. 1-2025)

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Schedule I
(Form 990)
(Rev. January 2025)

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 instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization
PGA TOUR INC

Employer identification number
52-0999206

Part I

General Information on Grants and Assistance

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? ........................

Yes No

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) (IAEVI) Instituto De Adiestramiento Emplo Y Vida 300 Paseo 7 Bayamon,PR009563086	66-0617512	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(2) 100 Black Men Of America Inc 141 Auburn Ave NE Atlanta,GA30303	58-1974429	501(c)(3)	50,000		FMV		GENERAL SUPPORT
(3) 15 and the Mahomies Foundation 8930 West Sunset Rd Las Vegas,NV89148	83-4134118	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(4) 3M Open Fund dba 3M Open 11074 Radisson Rd Blaine,MN55449	83-0995816	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(5) A Perfect Swing Foundation PO Box 38091 Charlotte,NC28278	47-1925614	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(6) Ace Mentor Program of America Inc 1100 Kings Road Jacksonville,FL32203	20-5462738	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(7) Advocates Pro Tour dba APGA Tour 6709 LA TIJERA BLVD STE 841 Los Angeles,CA90045	47-3274244	501(c)(6)		126,844	FMV	Various Golf	CHARITABLE PROGRAMS
(8) Akron-Canton Regional Foodbank Inc 350 Opportunity Parkway Akron,OH44307	34-1369388	501(c)(3)	92,942		FMV		GENERAL SUPPORT
(9) Alliance for Collaboration with the Hispanic Commu PO Box 17934 Greenville,SC29606	27-1041624	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(10) Alliance for Suicide Prevention of Larimer County 525 W Oak St Fort Collins,CO80521	84-1194619	501(c)(3)	7,500		FMV		GENERAL SUPPORT
(11) Alliance of Women Executives 6386 Esprit Way Boynton Beach,FL33437	81-4627389	501(c)(3)	5,363		FMV		GENERAL SUPPORT
(12) American Cancer Society 3380 Chastain Meadows Pkwy NW Kennesaw,GA30144	13-1788491	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(13) American Junior Golf Association Inc 1980 Sports Club Drive Braselton,GA30517	58-1433914	501(c)(3)	247,225		FMV		GENERAL SUPPORT
(14) American Lebanese Syrian Associated Charities dba 501 St Jude Place Memphis,TN38105	35-1044585	501(c)(3)	51,118		FMV		GENERAL SUPPORT
(15) Anti-Defamation League 605 Third Avenue New York,NY101583650	13-1818723	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(16) Arizona Community Foundation 2201 E Camelback Road Phoenix,AZ85016	86-0348306	501(c)(3)	14,399		FMV		GENERAL SUPPORT
(17) Arnold & Winnie Palmer Foundation Inc dba Arnold P 9000 Bay Hill Blvd Orlando,FL32819	46-5468220	501(c)(3)	214,695		FMV		GENERAL SUPPORT
(18) Astros Golf Foundation dba Texas Children's Housto 501 Crawford St Houston,TX77002	83-1791157	501(c)(3)	27,883		FMV		GENERAL SUPPORT
(19) Augusta University Foundation Inc 1120 15th Street Augusta,GA30912	58-6038134	501(c)(3)	232,354		FMV		GENERAL SUPPORT
(20) Baptist Health System Foundation Inc 841 Prudential Drive Jacksonville,FL32207	59-2487135	501(c)(3)	42,270		FMV		GENERAL SUPPORT
(21) Barbara Bush Foundation for Family Literacy Inc 1307 New York Avenue Suite 701 Washington,DC20005	26-0587238	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(22) Beach Tennis Life Corp 1353 Ave Luis Vigoreaux PMB 516 Guaynabo,PR009662715	66-0815461	501(c)(3)	6,506		FMV		GENERAL SUPPORT
(23) Beaches Emergency Assistance Ministry Inc 850 6th Avenue South Jacksonville Beach,FL32250	59-2564222	501(c)(3)	24,165		FMV		GENERAL SUPPORT
(24) Beaches Go Green Inc 320 1st St N Jacksonville Beach,FL32250	83-1560070	501(c)(3)	9,647		FMV		GENERAL SUPPORT
(25) BEAR Be A Resource for CPS Kids 3572 E TC Jester Blvd Houston,TX77018	31-1516122	501(c)(3)	19,518		FMV		GENERAL SUPPORT
(26) Behind Every Door Ministries Inc 4849 Greenville Avenue Dallas,TX75206	27-1805416	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(27) Bella's Angels Inc 13860 Wellington Trace Wellington,FL33414	26-1594604	501(c)(3)	6,651		FMV		GENERAL SUPPORT
(28) Ben Hogan Foundation PO Box 121518 Ft Worth,TX76121	20-5347821	501(c)(3)	40,000		FMV		GENERAL SUPPORT
(29) Big Brothers Big Sisters of Greater Kansas City 1709 Walnut St Kansas City,MO64108	43-6068464	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(30) Big Island Junior Golf Association Inc PO Box 5180 Hilo,HI96720	75-3089884	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(31) Billy Hurley III Foundation Inc 20701 N Scottsdale Road Scottsdale,AZ85255	82-3759587	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(32) Bishop Kenny High School 1055 Kingman Avenue Jacksonville,FL32207	59-0693090	501(c)(3)	7,528		FMV		GENERAL SUPPORT
(33) Blessings in a Backpack Inc 4121 Shelbyville Rd Louisville,KY40207	26-1964620	501(c)(3)	12,082		FMV		GENERAL SUPPORT
(34) Bluffton Self Help 39 Sheridan Park Circle Bluffton,SC29910	57-0862658	501(c)(3)	7,788		FMV		GENERAL SUPPORT
(35) Bob Hayes Invitational Track Meet Inc 5426 Soutel Dr Jacksonville,FL32219	59-3733842	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(36) Boy Scouts of America Aloha Council 42 Puiwa Rd Honolulu,HI96817	99-0073482	501(c)(3)	43,683		FMV		GENERAL SUPPORT
(37) Boys & Girls Club Of Coachella Valley Inc 42600 Cook St Suite 120 Palm Desert,CA92211	95-6122699	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(38) Boys & Girls Club of Maui Inc 100 Kanaloa Ave Kahului,HI96732	99-0272347	501(c)(3)	41,824		FMV		GENERAL SUPPORT
(39) Boys & Girls Clubs of the Valley 4309 E Belleview St Phoenix,AZ85008	86-0550646	501(c)(3)	20,000		FMV		GENERAL SUPPORT
(40) Boys And Girls Club Of Greater Flint 3701 N Averill Avenue Flint,MI48506	38-3381808	501(c)(3)	57,624		FMV		GENERAL SUPPORT
(41) Boys and Girls Club of the Grand Strand 1229 38th North Myrtle Beach,SC29577	57-1051611	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(42) Boys and Girls Clubs of Northeast Florida PO Box 2059 Jacksonville,FL32203	59-6167630	501(c)(3)	26,848		FMV		GENERAL SUPPORT
(43) Boys Club of Napa Inc dba Boys and Girls Clubs of 1515 Pueblo Avenue Napa,CA94558	94-6033413	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(44) Brandon Rogers dba AZ Caddie and Leadership Academ 26291 N 107th Dr Peoria,AZ85383	92-3570797	501(c)(3)	11,618		FMV		GENERAL SUPPORT
(45) Breakthrough T1D - Northern Florida Chapter PO Box 6805 Hagerstown,MD217416805	23-1907729	501(c)(3)	5,353		FMV		GENERAL SUPPORT
(46) Bruce Edwards Als Research Po Box 337 Crownsville,MD21032	20-4185551	501(c)(3)	14,383		FMV		GENERAL SUPPORT
(47) Caddie 127 Inc 5600 Harrodsburg Road Nicholasville,KY40356	84-4914511	501(c)(3)	421,026		FMV		GENERAL SUPPORT
(48) Cancer Support Community Arizona 360 E Palm Lane Phoenix,AZ85004	86-0897810	501(c)(3)	17,788		FMV		GENERAL SUPPORT
(49) Caribbean 12 Steps 1409 Ponce De Leon Ave San Juan,PR00907	66-0797311	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(50) Casa De Ninos Manuel Fernandez Juncos PO Box 9020163 San Juan,PR00902	66-0191935	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(51) Cathedral Arts Project Inc 207 North Laura Street Jacksonville,FL32202	59-3672453	501(c)(3)	16,941		FMV		GENERAL SUPPORT
(52) Cecil Field Pow-Mia Memorial Inc 6112 Pow Mia Memorial Pkwy Jacksonville,FL32221	81-2973800	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(53) Century Club Charities Inc dba Sanderson Farms 285 Marketridge Dr Ridgeland,MS39157	64-0843787	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(54) Century Club of San Diego dba Farmers Insurance Op 9404 Genesee Ave Ste 310 La Jolla,CA92037	95-2145967	501(c)(3)	236,029		FMV		GENERAL SUPPORT
(55) CF Foundation Inc 3445 Peachtree Rd Atlanta,GA30326	58-1743909	501(c)(3)	5,935,256		FMV		GENERAL SUPPORT
(56) Champion Autism Network 839 Surfside Dr Surfside Beach,SC29575	81-1376843	501(c)(3)	24,862		FMV		GENERAL SUPPORT
(57) Champions For Education Inc dba Wells Fargo Cham 3700 Gleneagles Rd Charloette,NC28210	02-0615986	501(c)(3)	223,910		FMV		GENERAL SUPPORT
(58) Charley Hoffman Foundation 3914 Murphy Canyon Rd San Diego,CA92123	27-0878940	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(59) Charlotte Latin School 9502 Providence Road Charlotte,NC28277	56-0944449	501(c)(3)	25,000		FMV		GENERAL SUPPORT
(60) Child Cancer Fund Inc 841 Prudential Drive Jacksonville,FL32207	59-3359840	501(c)(3)	11,618		FMV		GENERAL SUPPORT
(61) Children's Case Management Organization Inc dba F 3333 Forest Hill Blvd West Palm Beach,FL33406	65-0166352	501(c)(3)	230,319		FMV		GENERAL SUPPORT
(62) Children's Golf Foundation Inc dba First Tee - F 7301 North Haverhill Rd West Palm Beach,FL33407	65-0262208	501(c)(3)	10,124		FMV		GENERAL SUPPORT
(63) Children's Recovery Center PO Box 1499 Myrtle Beach,SC29578	57-1047247	501(c)(3)	24,862		FMV		GENERAL SUPPORT
(64) City of Jacksonville Florida dba Office of the Sh 117 West Duval Street Suite 280 Jacksonville,FL32202	59-6000344	115	23,700		FMV		GENERAL SUPPORT
(65) Clara White Mission 613 West Ashley Street Jacksonville,FL32202	59-6002104	501(c)(3)	32,900		FMV		GENERAL SUPPORT
(66) Clarke School for Hearing and Speech Florida Inc d 9803 Old St Augustine Rd Jacksonville,FL32257	81-4967983	501(c)(3)	11,618		FMV		GENERAL SUPPORT
(67) Clean Memphis Inc 2112 Court Ave Memphis,TN38111	26-3337830	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(68) Coachella Valley Youth Golf Foundation dba First T 45-305 Oasis St Indio,CA92201	84-2546551	501(c)(3)	32,530		FMV		GENERAL SUPPORT
(69) Coaches Honor Inc 1441 Penman Rd Neptune Beach,FL32266	59-3073065	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(70) Cobbs Creek Restoration & Community Foundation 300 Conshohocken State Rd West Conshohocken,PA194283801	82-1942476	501(c)(3)	20,000		FMV		GENERAL SUPPORT
(71) Colegio De Educacion Especial Y Rehabilitacion Int URB El Cerezal 1628 Guadiana San Juan,PR00926	66-0505420	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(72) Colegio Evangelico Capitan Correa Inc PO Box 142247 Arecibo,PR00614	66-0265804	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(73) Communities In Schools Of Jacksonville 532 Riverside Ave Jacksonville,FL32202	59-3027895	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(74) Community Foundation for Palm Beach and Martin Cou 700 S Dixie Highway West Palm Beach,FL33401	23-7181875	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(75) Community Foundation of Greater Memphis PO Box 1000 Memphis,TN38148	58-1723645	501(c)(3)	142,942		FMV		GENERAL SUPPORT
(76) Community Hospice of Northeast Florida Foundation 4266 Sunbeam Road Jacksonville,FL32257	59-3583920	501(c)(3)	121,324		FMV		GENERAL SUPPORT
(77) Connecticut Golf Foundation Inc dba First Tee Co 55 Golf Club Road Cromwell,CT06416	06-1510744	501(c)(3)	14,871		FMV		GENERAL SUPPORT
(78) Connections Education Center of the Palm Beaches I 1310 Old Congress Ave West Palm Beach,FL33409	47-3805751	501(c)(3)	97,803		FMV		GENERAL SUPPORT
(79) Copperhead Charities Inc dba Valspar Championship 35111 US Hwy 19 North Palm Harbor,FL34684	59-2319162	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(80) Cornerstone Classical Academy Inc 2360 St Johns Bluff Rd S Jacksonville,FL32246	83-2643245	501(c)(3)	14,941		FMV		GENERAL SUPPORT
(81) Corporation for the Conservation for the San Juan PO Box 9509 San Juan,PR00908	66-0657150	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(82) County of St Johns Board of County Commissioners 4010 Lewis Speedway St Augustine,FL32084	59-6000825	115	44,612		FMV		GENERAL SUPPORT
(83) CureSearch For Children's Cancer PO Box 45781 Baltimore,MD21297	95-4132414	501(c)(3)	191,460		FMV		GENERAL SUPPORT
(84) Cuyuna Regional Medical Center 320 East Main Street Crosby,MN56441	41-1724637	501(c)(3)	9,335		FMV		GENERAL SUPPORT
(85) Dance Theater of Florida Inc 4100 PGA Blvd Palm Beach Gardens,FL33410	32-0354239	501(c)(3)	5,172		FMV		GENERAL SUPPORT
(86) Davis Love III Foundation dba The RSM Classic 100 Retreat Avenue StSimons Island,GA31522	20-2920597	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(87) DeEtte Holden Cummer Museum Foundation Inc dba Th 829 Riverside Avenue Jacksonville,FL32204	59-2191587	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(88) Desert Cancer Foundation 42600 Cook St Palm Desert,CA92211	33-0648823	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(89) Detroit Youth Golf dba First Tee - Greater Detroit 3011 West Grand Blvd Detroit,MI48202	88-3369258	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(90) Diamante First Tee Foundation 1207 S White Chapel Blvd Southlake,TX76092	86-2975580	501(c)(3)	17,659		FMV		GENERAL SUPPORT
(91) Downtown Ecumenical Services Council Inc 215 N Ocean St Jacksonville,FL32202	59-2437003	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(92) Downtown Vision Alliance Inc 214 N Hogan St Jacksonville,FL32202	20-5076887	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(93) Dreams Come True 6803 Southpoint Parkway Jacksonville,FL32216	59-2967803	501(c)(3)	131,842		FMV		GENERAL SUPPORT
(94) Edward Charles Foundation dba RennerVation Foundat 269 S Beverly Drive Beverly Hills,CA90212	26-4245043	501(c)(3)	185,883		FMV		GENERAL SUPPORT
(95) Eisenhower Medical Center 39000 Bob Hope Drive Rancho Mirage,CA92270	95-6130458	501(c)(3)	27,883		FMV		GENERAL SUPPORT
(96) Elevate Jacksonville Inc PO Box 551052 Jacksonville,FL32255	83-2347040	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(97) Els For Autism Foundation 18370 Limestone Creek Road Jupiter,FL33458	26-3520396	501(c)(3)	15,498		FMV		GENERAL SUPPORT
(98) Empowerment Media Inc 2613 Canyon Falls Dr Jacksonville,FL32224	20-0663787	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(99) Equal Play Inspiring Confidence For Girls 117 N 32nd Ave Omaha,NE68131	85-1392718	501(c)(3)	15,000		FMV		GENERAL SUPPORT
(100) Evans Scholars Foundation 2501 Patriot Blvd Glenview,IL60026	36-2518129	501(c)(3)	233,284		FMV		GENERAL SUPPORT
(101) Executive Council Charities 4114 E Indian School Road Phoenix,AZ85018	27-3923417	501(c)(3)	71,565		FMV		GENERAL SUPPORT
(102) FairWays to Leadership Inc 9608 Osprey Landing Drive Orlando,FL32832	85-3872734	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(103) Fellowship of Christian Athletes 361 Charlemagne Circle Ponte Vedra Beach,FL32004	44-0610626	501(c)(3)	13,644		FMV		GENERAL SUPPORT
(104) First Coast Honor Flight Inc PO Box 600785 St Johns,FL32260	84-4667182	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(105) First Coast Women's Services Inc 3475 Kernan Blvd S Jacksonville,FL32224	59-3200240	501(c)(3)	30,000		FMV		GENERAL SUPPORT
(106) First Tee New York Inc 3545 Jerome Avenue Bronx,NY104671044	31-1724122	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(107) First Tee of Central Florida Inc dba Kids Buildin 2418 Silver Star Road Orlando,FL32804	27-0149539	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(108) First Tee of Chicago Foundation dba First Tee Grea 3701 N Recreation Dr Chicago,IL60613	31-1746890	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(109) First Tee of The Quad Cities dba First Tee Quad Ci 6364 Northwest Blvd Davenport,IA52806	42-1510940	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(110) Fitness and Character Education Inc 1015 Atlantic Boulevard 297 Atlantic Beach,FL32233	27-2132221	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(111) Flagler Health Care Foundation Inc 400 Health Park Blvd St Augustine,FL32086	59-2440537	501(c)(3)	97,589		FMV		GENERAL SUPPORT
(112) Florida Gulf Coast University Foundation Inc 10501 FGCU Blvd S Fort Myers,FL33965	65-0403969	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(113) Florida Outreach Center for the Blind Inc 2315 South Congress Ave Palm Springs,FL334067607	55-0827232	501(c)(3)	36,740		FMV		GENERAL SUPPORT
(114) Florida State College At Jacksonville Foundation I 501 West State St No 104 Jacksonville,FL32202	23-7168438	501(c)(3)	15,000		FMV		GENERAL SUPPORT
(115) Folds of Honor Foundation 5971 N Patriot Drive Owasso,OK74055	75-3240683	501(c)(3)	74,353		FMV		GENERAL SUPPORT
(116) Fondo Beneficio 1923 Inc 1612 Ponce De Leon Ave San Juan,PR00969	66-0992017	501(c)(3)	6,506		FMV		GENERAL SUPPORT
(117) FORE LA Kids Inc dba First Tee - Los Angeles 1050 Lakes Drive 225 West Covina,CA91790	86-1571574	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(118) Fore Kids Foundation dba Zurich Classic of New Or 11005 Lapalco Blvd Avondale,LA70094	58-1940111	501(c)(3)	241,648		FMV		GENERAL SUPPORT
(119) Fort Worth Colonial Charities 3735 Country Club Cir Fort Worth,TX76109	46-3211083	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(120) Fort Worth Jr Golf Foundation dba First Tee Fort 1900 Rockwood Park Dr N Fort Worth,TX76114	20-5545252	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(121) Foundation for Youth Initiatives in Kentucky Inc 20 Avenue of Champions Nicholasville,KY40356	84-2222743	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(122) Friends of Hawaii Charities Inc dba Sony Open 735 Bishop St Ste 330 Honolulu,HI96813	99-0334032	501(c)(3)	233,365		FMV		GENERAL SUPPORT
(123) Fundacion Alma de Bahia Inc 7000 Bahia Beach Blvd Rio Grande,PR007452900	66-0830558	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(124) Fundacion Hogar Ninito Jesus Inc PO Box 192503 San Juan,PR009192503	66-0478096	501(c)(3)	6,506		FMV		GENERAL SUPPORT
(125) Gamma Beta Boule Foundation 12511 Mission Hills Dr S Jacksonville,FL32225	45-5547005	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(126) Gator Junior Golf Inc 9200 NW 39th Ave Gainesville,FL32606	88-2817499	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(127) Georgia State University Foundation 35 Broad Street Suite 315 Atlanta,GA30303	58-6033185	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(128) Golf Course Superintendents Association of America 1421 Research Park Drive Lawrence,KS660493859	59-0874226	501(c)(6)	110,000		FMV		CHARITABLE PROGRAMS
(129) Golf Fights Cancer Inc 300 Arnold Palmer Blvd Norton,MA02766	34-1987772	501(c)(3)	14,758		FMV		GENERAL SUPPORT
(130) Golf Fore Fun Inc dba First Tee Central Carolina PO Box 236 Clemmons,NC27012	20-8114680	501(c)(3)	12,082		FMV		GENERAL SUPPORT
(131) Golf Gives Back Inc dba Korn Ferry TOUR Championsh One Main St Ste 100 Evansville,IN47708	81-4223347	501(c)(3)	12,975		FMV		GENERAL SUPPORT
(132) Goodwill Industries of North Florida Inc 4527 Lenox Avenue Jacksonville,FL32205	59-0637858	501(c)(3)	87,969		FMV		GENERAL SUPPORT
(133) Greater Hartford Community Foundation Inc dba Tra 90 State House Square 11th Floor Hartford,CT06103	42-1684133	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(134) Greek Orthodox Church of St Katherine 7100 Airport Rd N Naples,FL34109	65-0128103	501(c)(3)	20,447		FMV		GENERAL SUPPORT
(135) Green Sports Alliance 601 SW 2nd Ave Portland,OR97204	27-3330368	501(c)(6)	10,000		FMV		CHARITABLE PROGRAMS
(136) Greenwood School 9920 Regency Square Blvd Jacksonville,FL32225	59-1579415	501(c)(3)	9,666		FMV		GENERAL SUPPORT
(137) Grow Some Good PO Box 1902 Wailuku,HI96793	46-4364775	501(c)(3)	11,153		FMV		GENERAL SUPPORT
(138) Guardian Catholic School 4920 Brentwood Avenue Jacksonville,FL32206	59-3747599	501(c)(3)	13,012		FMV		GENERAL SUPPORT
(139) Habitat for Humanity of Jacksonville Inc 40 E Adams St Jacksonville,FL32202	59-2880071	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(140) Habitat for Humanity of Puerto Rico Inc 1357 Ashford Ave San Juan,PR00907	66-0515156	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(141) Hale Makua Health Services 472 Kaulana St Kahului,HI96732	99-0080460	501(c)(3)	65,059		FMV		GENERAL SUPPORT
(142) Hawaii State Junior Golf Association dba First Tee 4330 Kukui Grove Street Lihue,HI96766	99-0335776	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(143) Hearts 4 Minds Inc 1305 Sunset View Lane Jacksonville,FL32207	83-1575838	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(144) Help 4 Kids 2523 Forestbrook Road Myrtle Beach,SC29588	83-0479992	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(145) Helping Hand of Myrtle Beach PO Box 2886 Myrtle Beach,SC29578	57-0627993	501(c)(3)	24,862		FMV		GENERAL SUPPORT
(146) Here Tomorrow Inc 910 3rd Street Neptune Beach,FL32266	47-5278523	501(c)(3)	14,871		FMV		GENERAL SUPPORT
(147) Heritage Classic Foundation dba The RBC Heritage PO Box 3244 Hilton Head,SC29928	57-0835114	501(c)(3)	227,707		FMV		GENERAL SUPPORT
(148) Hogar Colegio La Milagrosa 987 Ave Francisco Jimenez Gonzalez Arecibo,PR00612	66-0320329	501(c)(3)	10,224		FMV		GENERAL SUPPORT
(149) Hope 139 House Inc 2070 Old Bishop Road Bishop,GA30621	82-2187608	501(c)(3)	25,000		FMV		GENERAL SUPPORT
(150) Hope4Veterans Inc 224 Palazzo Cir St Augustine,FL32092	82-3572387	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(151) Hua Momona Foundation 246 Keoawa Street Lahaina,HI96761	87-1337204	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(152) I Got This Foundation 3820 W Happy Valley Rd Glendale,AZ85310	84-2680835	501(c)(3)	7,956		FMV		GENERAL SUPPORT
(153) Impact 100 Palm Beach County Inc 261 NW 13th Street Boca Raton,FL33432	82-4558049	501(c)(3)	178,124		FMV		GENERAL SUPPORT
(154) Impact Through Golf Foundation fka The Mickelson 7077 E Marilyn Rd Ste 140 Scottsdale,AZ85254	84-2411420	501(c)(3)	790,004		FMV		GENERAL SUPPORT
(155) Iniciativa Comunitaria de Investigacion Inc PO Box 366535 San Juan,PR00936	66-0483960	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(156) Inner City Youth Golfers' Incorporated PO Box 31901 Palm Beach Gardens,FL33420	65-0978868	501(c)(3)	9,805		FMV		GENERAL SUPPORT
(157) Instituto Psicopedagogico de Puerto Rico PO Box 363744 San Juan,PR009363744	66-0196040	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(158) J Walter Cameron Center 95 Mahalani Street Wailuku,HI96793	99-0140273	501(c)(3)	41,824		FMV		GENERAL SUPPORT
(159) Jack Nicklaus Museum Inc 2355 Olentangy River Rd Columbus,OH43210	65-0220781	501(c)(3)	27,883		FMV		GENERAL SUPPORT
(160) Jacksonville Alumni Chapter of Kappa Alpha Psi Gui PO Box 40625 Jacksonville,FL32203	59-6152197	501(c)(7)	23,235		FMV		CHARITABLE PROGRAMS
(161) Jacksonville Humane Society Inc 8464 Beach Blvd Jacksonville,FL32216	59-0624410	501(c)(3)	22,241		FMV		GENERAL SUPPORT
(162) Jacksonville Jaguars Foundation Inc 1 Everbank Stadium Drive Jacksonville,FL32202	59-3249687	501(c)(3)	20,000		FMV		GENERAL SUPPORT
(163) Jacksonville Symphony Association Inc 300 Water Street Jacksonville,FL32202	59-6002520	501(c)(3)	34,507		FMV		GENERAL SUPPORT
(164) Jacksonville University 2800 University Blvd North Jacksonville,FL322119924	59-0624412	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(165) Jewish Family & Community Services Inc 8540 Baycenter Rd Jacksonville,FL32256	59-0637868	501(c)(3)	14,879		FMV		GENERAL SUPPORT
(166) Jim & Tabitha Furyk Foundation Inc 5716 St Augustine Rd Jacksonville,FL32207	30-0659382	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(167) Jordan Thomas Foundation 9005 Overlook Blvd No742 Brentwood,TN37027	20-3498598	501(c)(3)	6,000		FMV		GENERAL SUPPORT
(168) Jovenes de Puerto Rico en Riesgo Inc Riesgo Inc Edif Medina 112 Calle A San Juan,PR00925	66-0491142	501(c)(3)	10,224		FMV		GENERAL SUPPORT
(169) Junior Golf Association of Arizona Inc 10888 North 19th Ave Phoenix,AZ85029	86-0464216	501(c)(3)	54,538		FMV		GENERAL SUPPORT
(170) K9s For Warriors 114 Camp K9 Road Ponte Vedra,FL32081	27-5219467	501(c)(3)	11,432		FMV		GENERAL SUPPORT
(171) Ka Lima O Maui Ltd 127 Mahalain Street Wailuku,HI96793	99-0105491	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(172) Kevin and Brittany Kisner Foundation PO Box 784 Aiken,SC29802	81-1444661	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(173) Kids Across America 2036 Timberlake Road Branson,MO65616	83-1966879	501(c)(3)	92,942		FMV		GENERAL SUPPORT
(174) Kimberly Smith dba Henry Brown Athletic Associatio 2902 Bennett St Jacksonville,FL32206	82-5304751	501(c)(3)	8,755		FMV		GENERAL SUPPORT
(175) Lahaina Junior Golf Assoication PO Box 10701 Lahaina,HI96761	27-3780968	501(c)(3)	37,177		FMV		GENERAL SUPPORT
(176) Lahainaluna High School Foundation PO Box 11617 Lahaina,HI96767	99-0348748	501(c)(3)	74,353		FMV		GENERAL SUPPORT
(177) Lake Erie College of Osteopathic Medicine dba Leco 1858 West Grandview Blvd Erie,PA16509	25-1698677	501(c)(3)	69,706		FMV		GENERAL SUPPORT
(178) Le Bonheur Children's Hospital Foundation PO Box 41817 Memphis,TN381741817	62-1872938	501(c)(3)	101,864		FMV		GENERAL SUPPORT
(179) Lee Memorial Health System Foundations Inc dba Le 9800 S HealthPark Dr Fort Myers,FL33908	65-0645343	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(180) Len Mattiace Foundation 4745 Sutton Park Court Jacksonville,FL32224	83-1264024	501(c)(3)	16,618		FMV		GENERAL SUPPORT
(181) Leukemia & Lymphoma Society 40 East Adams Street Jacksonville,FL32202	13-5644916	501(c)(3)	6,971		FMV		GENERAL SUPPORT
(182) Liberty Communications Foundation Inc 279 Ponce de Leon Ave San Juan,PR00917	66-0883350	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(183) Living Pono Project 95 Lono Ave 10 Kahului,HI96732	45-5263880	501(c)(3)	8,829		FMV		GENERAL SUPPORT
(184) Lori Griffith dba Chasin A Dream Foundation 3900 E Indiantown Rd Jupiter,FL33477	82-2066748	501(c)(3)	5,120		FMV		GENERAL SUPPORT
(185) Lorraine Civil Rights Museum Foundation dba Nation 450 Mulberry St Memphis,TN38103	58-1484027	501(c)(3)	6,971		FMV		GENERAL SUPPORT
(186) MaliVai Washington Kids Foundation Inc 1055 West 6th Street Jacksonville,FL32209	59-3559150	501(c)(3)	12,380		FMV		GENERAL SUPPORT
(187) March of Dimes Inc 515 Madison Avenue 30th Floor Arlington,VA22202	13-1846366	501(c)(3)	25,000		FMV		GENERAL SUPPORT
(188) Maui Junior Golf Association PO Box 852 Wailuku,HI96793	99-0330723	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(189) Maui Preparatory Academy 4910 Honoapiilani Highway Lahaina,HI96761	99-0354508	501(c)(3)	8,829		FMV		GENERAL SUPPORT
(190) Maui Strikers Soccer Club PO Box 331425 Kahului,HI96733	54-2147089	501(c)(3)	5,809		FMV		GENERAL SUPPORT
(191) Maui United Way 95 Mahalani Street Wailuku,HI96793	99-0086524	501(c)(3)	6,041		FMV		GENERAL SUPPORT
(192) Mayo Clinic 200 1st St SW Rochester,MN55905	41-6011702	501(c)(3)	92,942		FMV		GENERAL SUPPORT
(193) MCS Foundation Inc PO Box 193310 San Juan,PR009193310	66-0870996	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(194) Memphis Chamber Foundation 100 Peabody Place Memphis,TN38103	23-7057855	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(195) Mercado on 5th Inc 2212 37th Street Moline,IL61265	81-5377245	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(196) Minnesota Minority Junior Golf Association 331 Second Avenue South Minneapolis,MN554012240	41-1969601	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(197) Mississippi Junior Golf Association 400 Clubhouse Drive Jackson,MS39208	64-0943460	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(198) Momentous Institute 106 E 10th St Dallas,TX75203	75-1855620	501(c)(3)	7,788		FMV		GENERAL SUPPORT
(199) Monique Burr Foundation for Children Inc 7807 Baymeadows Rd E Jacksonville,FL32256	59-3482715	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(200) Monterey Peninsula Foundation dba AT&T Pebble Beac 5 Mandeville Court Suite 101 Monterey,CA93940	94-2541783	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(201) Moore-Myers Children's Fund Inc PO Box 311620 Atlanta,GA31131	83-1765266	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(202) Morton Foundation dba First Tee Central Ohio 7309 E Livingston Ave Reynoldsburg,OH43068	31-1676188	501(c)(3)	35,318		FMV		GENERAL SUPPORT
(203) Naples Italian American Foundation 7035 Airport Pulling Rd Naples,FL34109	20-5045417	501(c)(3)	13,012		FMV		GENERAL SUPPORT
(204) Nat King Cole Generation Hope Inc 4710 NW 2nd Ave Boca Raton,FL33431	80-0149522	501(c)(3)	28,311		FMV		GENERAL SUPPORT
(205) National Links Trust PO Box 42097 Washington,DC20015	84-2249627	501(c)(3)	15,000		FMV		GENERAL SUPPORT
(206) National Multiple Sclerosis Society PO Box 289 Canton,MA02021	13-5661935	501(c)(3)	162,941		FMV		GENERAL SUPPORT
(207) Nationwide Children's Hospital Foundation PO Box 16810 Columbus,OH432166810	31-1036370	501(c)(3)	120,824		FMV		GENERAL SUPPORT
(208) NCGA Foundation dba Youth on Course 30 Ragsdale Drive Monterey,CA93940	94-3108575	501(c)(3)	132,883		FMV		GENERAL SUPPORT
(209) NCSO Charities Inc 77151 Citizens Cir Yulee,FL32097	46-3800036	501(c)(3)	11,153		FMV		GENERAL SUPPORT
(210) New Orleans Jr Golf Foundation dba First Tee Great 1050 S Jefferson Davis Pkwy New Orleans,LA70125	75-3160528	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(211) New York Hall of Science 47-01 111th St Corona,NY11368	11-2104059	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(212) North Coast Youth Golf Association dba First Tee N 1320 19th Hold Drive Windsor,CA95492	82-4011426	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(213) North Florida Junior Golf Foundation 2104 Lady Di Lane Jacksonville,FL32246	59-2876904	501(c)(3)	7,287		FMV		GENERAL SUPPORT
(214) North Florida Land Trust Inc 843 W Monroe Street Jacksonville,FL322024835	59-3609167	501(c)(3)	15,577		FMV		GENERAL SUPPORT
(215) North Florida School of Special Education 223 Mill Creek Rd Jacksonville,FL32211	59-3126545	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(216) North Palm Beach Rowing Club 153 Oakwood Lane Palm Beach Gardens,FL33410	20-8313608	501(c)(3)	53,674		FMV		GENERAL SUPPORT
(217) Northern Ohio Golf Charities Foundation Inc 440 East Warner Road Akron,OH44319	34-1712857	501(c)(3)	599,977		FMV		GENERAL SUPPORT
(218) OhioHealth Foundation Inc 3430 OhioHealth Pwky Columbus,OH43202	23-7446919	501(c)(3)	13,941		FMV		GENERAL SUPPORT
(219) OneJax Inc 1616 Brookwood Road Jacksonville,FL32207	20-2719059	501(c)(3)	80,859		FMV		GENERAL SUPPORT
(220) Operation New Hope 1830 N Main St Jacksonville,FL32206	59-3590360	501(c)(3)	16,414		FMV		GENERAL SUPPORT
(221) Operation New Uniform Inc 8825 Perimeter Park Blvd Jacksonville,FL32216	80-0962807	501(c)(3)	24,165		FMV		GENERAL SUPPORT
(222) Operation Shower 7382 Pershing Avenue St Louis,MO63130	26-1244512	501(c)(3)	49,259		FMV		GENERAL SUPPORT
(223) Palm Beach County Youth for Christ Inc 800 Northpoint Pkwy West Palm Beach,FL33407	59-2197296	501(c)(3)	142,982		FMV		GENERAL SUPPORT
(224) Palm Beach Gardens Youth Athletic Association Inc 4029 Johnson Dairy Road Palm Beach Gardens,FL33410	23-7299387	501(c)(3)	787,978		FMV		GENERAL SUPPORT
(225) Palm Valley American Legion Post 233 560 N Wilderness Trail Ponte Vedra Beach,FL32082	59-1449860	501(c)(19)	10,688		FMV		CHARITABLE PROGRAMS
(226) Partnership For Clean Competition Inc 1 Olympic Plaza Colorado Springs,CO80909	42-1763805	501(c)(3)	150,000		FMV		GENERAL SUPPORT
(227) PGA TOUR Charities Inc PO Box 1065 Ponte Vedra Beach,FL32082	59-2774423	501(c)(3)	272,256		FMV		GENERAL SUPPORT
(228) PGA Tour First Tee Foundation Inc 13000 Sawgrass Village Circle Ponte Vedra Beach,FL32082	83-4186070	501(c)(3)	3,919,415	751,848	FMV	PSA	GENERAL SUPPORT
(229) PGA Tour Wives 1 PGA TOUR Blvd Ponte Vedra,FL32082	59-2903646	501(c)(3)	50,000		FMV		GENERAL SUPPORT
(230) Phoenix Panhellenic Association 3808 N 54th Pl Phoenix,AZ85018	51-0147030	501(c)(3)	7,844		FMV		GENERAL SUPPORT
(231) Piedmont Triad Charitable Foundation dba Wyndham C 416 Gallimore Dairy Rd Ste M Greensboro,NC27409	56-6085407	501(c)(3)	213,766		FMV		GENERAL SUPPORT
(232) Pine Castle Inc 4911 Spring Park Rd Jacksonville,FL32207	59-0704733	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(233) Points of Light Foundation 101 Marietta Street Atlanta,GA30303	65-0206641	501(c)(3)	25,000		FMV		GENERAL SUPPORT
(234) Ponte Vedra Beach Rotary Foundation Inc PO Box 70 Ponte Vedra Beach,FL32204	59-2566435	501(c)(3)	6,004		FMV		GENERAL SUPPORT
(235) Ponte Vedra Sharks Booster Club Inc PO Box 3518 Ponte Vedra Beach,FL32004	26-1906104	501(c)(3)	5,539		FMV		GENERAL SUPPORT
(236) Popular Foundation Inc 85 Broad Street New York,NY10004	47-4997597	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(237) Project Golf 2051 Golf Academy Way North Myrtle Beach,SC29582	82-2753460	501(c)(3)	14,871		FMV		GENERAL SUPPORT
(238) Puerto Rico Council of Boy Scouts of America Inc Avenida Esmeralda 405 Suite 102 Guaynabo,PR00969	66-0201809	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(239) Puerto Rico Golf Association 262 Calle 6 NW San Juan,PR00953	66-0276473	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(240) Quad Cities Golf Classic Charitable Foundation dba 15623 Coaltown Rd East Moline,IL61244	93-1332421	501(c)(3)	218,413		FMV		GENERAL SUPPORT
(241) Read USA Inc PO Box 331067 Atlantic Beach,FL32233	47-4729513	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(242) Red Caribena de Varamientos Inc dba Puerto Rico M PO Box 361715 San Juan,PR00936	66-0514492	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(243) Regional Food Bank Of Northeast Florida dba Feedin 1116 Edgewood Ave N Jacksonville,FL32254	46-5014769	501(c)(3)	54,647		FMV		GENERAL SUPPORT
(244) Renaissance Charitable Foundation Inc 8888 Keystone Crossing Indianapolis,IN46240	35-2129262	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(245) Reno-Tahoe Open Foundation dba Barracuda Champions 470 E Plumb Lane Reno,NV89502	88-0412314	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(246) Richmond First Tee dba First Tee Greater Richmond 100 Everett Street Richmond,VA23224	54-1886298	501(c)(3)	128,318		FMV		GENERAL SUPPORT
(247) Richmond Fisher House Foundation Inc 5012 Monument Ave Richmond,VA23230	27-3852276	501(c)(3)	67,978		FMV		GENERAL SUPPORT
(248) Rising Leaders of North Florida Inc dba First Te 101 E Town Pl St Augustine,FL32092	59-3577327	501(c)(3)	268,667		FMV		GENERAL SUPPORT
(249) Rocket Giving Fund dba Rocket Mortgage Classic (Ho 303 E Wacker 22nd Floor Chicago,IL60601	83-0873868	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(250) Ronald McDonald House Charities of Augusta Inc 1442 Harper Street Augusta,GA30901	58-1509465	501(c)(3)	50,000		FMV		GENERAL SUPPORT
(251) Ronald McDonald House Charities of Central Ohio In 711 East Livingston Avenue Columbus,OH43205	31-0890152	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(252) Ronald Mcdonald House Charities Of Jacksonville 824 Childrens Way Jacksonville,FL32207	59-2625008	501(c)(3)	14,941		FMV		GENERAL SUPPORT
(253) Roots & Wings Inc 335 E Linton Blvd Delray Beach,FL33483	38-4008636	501(c)(3)	68,888		FMV		GENERAL SUPPORT
(254) Rotary Club of Kona Community Foundation PO Box 2445 Kailua Kona,HI96745	99-0330726	501(c)(3)	99,242		FMV		GENERAL SUPPORT
(255) Salesmanship Club Charitable Golf of Dallas Inc 106 E 10th St Dallas,TX75203	86-1118804	501(c)(3)	209,119		FMV		GENERAL SUPPORT
(256) Sanctuary of Northeast Florida Inc dba Sanctuary PO Box 3301 Jacksonville,FL32206	59-3108041	501(c)(3)	11,330		FMV		GENERAL SUPPORT
(257) Sanford Health Foundation PO Box 5039 Rte 5218 Sioux Falls,SD571175039	36-3297853	501(c)(3)	8,365		FMV		GENERAL SUPPORT
(258) SCS Noonan Scholars dba Thrive Scholars 75 Federal Street Boston,MA02110	45-5619310	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(259) Seattle Jr Golf Foundation dba First Tee Greater 4101 Beacon Ave South Seattle,WA98108	91-2116912	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(260) Second Baptist Church 9614 River Road Richmond,VA23229	54-0524506	501(c)(3)	8,000		FMV		GENERAL SUPPORT
(261) Sociedad De Educacion Y Rehabilitacion Ser De Pr Po Box 364189 San Juan,PR00936	66-0207947	501(c)(3)	10,224		FMV		GENERAL SUPPORT
(262) SOS Health Care Inc dba SOS Care PO Box 7136 Myrtle Beach,SC295720007	57-0909189	501(c)(3)	24,862		FMV		GENERAL SUPPORT
(263) Southern Texas PGA Foundation 22305 Gosling Rd Spring,TX77389	76-0466150	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(264) Special Needs Schools of Gwinnett Inc 660 Davis Road Lawrenceville,GA30046	58-1757787	501(c)(3)	26,953		FMV		GENERAL SUPPORT
(265) Special Olympics Inc 1133 19th Street NW Washington,DC20036	52-0889518	501(c)(3)	25,000		FMV		GENERAL SUPPORT
(266) St Johns County Education Foundation Inc dba INK 40 Orange St St Augustine,FL32084	59-3221115	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(267) St Johns County Sheriff's Office Special Teams As 201 Owens Ave St Augustine,FL32080	86-2119458	501(c)(3)	6,506		FMV		GENERAL SUPPORT
(268) Stacy Wolfe Breast Cancer Foundation 604 Box St Athens,AL35611	86-3531879	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(269) Steve Stricker American Family Insurance Foundatio 6000 American Pkwy Mailstop Spark8D Madison,WI53783	46-0930746	501(c)(3)	14,871		FMV		GENERAL SUPPORT
(270) Student Athlete Community Service Network 1811 Antigua Rd West Palm Beach,FL33406	46-4002011	501(c)(3)	143,416		FMV		GENERAL SUPPORT
(271) Tahoe Truckee Community Foundation PO Box 366 Truckee,CA96160	68-0416404	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(272) Tempe Diablos Charities Inc PO Box 13246 Tempe,AZ852840055	86-0863641	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(273) Tennessee Golf Foundation dba First Tee Tennessee 400 Franklin Road Franklin,TN37069	58-1893478	501(c)(3)	102,336		FMV		GENERAL SUPPORT
(274) Tesori Family Foundation Inc 101 Marketside Avenue Ponte Vedra,FL32081	27-1153318	501(c)(3)	9,313		FMV		GENERAL SUPPORT
(275) The Arc of Palm Beach County Inc 1201 Australian Avenue Riviera Beach,FL33404	59-0883386	501(c)(3)	24,397		FMV		GENERAL SUPPORT
(276) The Banner Lake Club Inc PO Box 1875 Hobe Sound,FL33475	59-1093236	501(c)(3)	631,322		FMV		GENERAL SUPPORT
(277) The BASIC Fund 1301 Clay St Oakland,CA94612	94-3290699	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(278) The Daily's Foundation Inc 6867 Southpoint Drive North Jacksonville,FL32216	84-2438612	501(c)(3)	16,730		FMV		GENERAL SUPPORT
(279) The Donna Foundation 1015 Atlantic Blvd Atlantic Beach,FL32233	26-2736601	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(280) The Education Foundation of Palm Beach County 505 South Congress Avenue Boynton Beach,FL33426	59-2420369	501(c)(3)	469,295		FMV		GENERAL SUPPORT
(281) The First Tee Greater Philadelphia Inc dba First 800 Walnut Lane Philadelphia,PA19128	23-2088969	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(282) The Foster Closet Corp 730 St Johns Bluff Road Jacksonville,FL32225	26-2931033	501(c)(3)	5,874		FMV		GENERAL SUPPORT
(283) The Glades Initiative Inc 149 SE Avenue D Belle Glade,FL33430	01-0733180	501(c)(3)	368,007		FMV		GENERAL SUPPORT
(284) The HistoryMakers 1900 S Michigan Avenue Chicago,IL60616	36-4328170	501(c)(3)	12,000		FMV		GENERAL SUPPORT
(285) The Jack Stephens Youth Golf Academy Inc dba Firs 1 First Tee Way Little Rock,AR72204	71-0845382	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(286) The Lil Buck Foundation Inc 1001 2nd Ave Unit 403 New Hyde Park,NY11040	99-2132101	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(287) The McDavid Group Charities Inc 1 Main Street Tequesta,FL33469	81-3958709	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(288) The Nemours Foundation dba Nemours Children's Hosp 10140 Centurion Parkway North Jacksonville,FL32256	59-0634433	501(c)(3)	464,783		FMV		GENERAL SUPPORT
(289) The Payne Stewart Family Foundation 1900 Summit Tower Blvd Orlando,FL32810	59-3531198	501(c)(3)	92,942		FMV		GENERAL SUPPORT
(290) The Pendleton Foundation Inc 72880 Fred Waring Drive Palm Desert,CA92260	20-5366738	501(c)(3)	23,235		FMV		GENERAL SUPPORT
(291) The Snedeker Foundation PO Box 158187 Nashville,TN37215	46-1172912	501(c)(3)	278,825		FMV		GENERAL SUPPORT
(292) The Tom Coughlin Jay Fund Foundation Inc 45 Tudor City Place 1418 New York,NY10017	59-3426937	501(c)(3)	95,219		FMV		GENERAL SUPPORT
(293) The Young Mens Christian Association of San Juan PO Box 360590 San Juan,PR009360590	66-0190784	501(c)(3)	6,506		FMV		GENERAL SUPPORT
(294) Thunderbirds Charities dba Waste Management Phoeni 7226 N 16th St Ste 100 Phoenix,AZ85020	86-0560664	501(c)(3)	371,767		FMV		GENERAL SUPPORT
(295) Tides Foundation PO Box 889389 Los Angeles,CA900889389	51-0198509	501(c)(3)	26,024		FMV		GENERAL SUPPORT
(296) Tiger Woods Charity Event Corporation dba TGR Live 15440 Laguna Canyon Rd Irvine,CA92618	06-1554474	501(c)(3)	238,133		FMV		GENERAL SUPPORT
(297) Tony Finau Foundation PO Box 103 Lehi,UT84043	47-2111415	501(c)(3)	19,518		FMV		GENERAL SUPPORT
(298) Triangle Golf Foundation Inc dba First Tee - Tria 12201 Leesville Rd Raleigh,NC27613	56-2266025	501(c)(3)	7,435		FMV		GENERAL SUPPORT
(299) Trustees of Trinity College 300 Summit Street Hartford,CT06106	06-0646927	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(300) Tucson Conquistadores Foundation 6450 E Broadway Blvd Tucson,AZ85710	20-1940513	501(c)(3)	5,577		FMV		GENERAL SUPPORT
(301) United Negro College Fund Inc 1805 7th St NW Washington,DC20001	13-1624241	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(302) United States Adaptive Golf Alliance PO Box 850 Westmont,IL60559	47-3613721	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(303) United States Blind Golf Association Inc 9 Waybourne Place Palm Coast,FL32164	72-1080009	501(c)(3)	10,000		FMV		GENERAL SUPPORT
(304) United States Golf Association 77 Liberty Corner Road Liberty Corner,NJ07938	13-1427105	501(c)(3)		176,388	FMV	REPLICA TROPHIES	GENERAL SUPPORT
(305) United Way of Northeast Florida Inc 40 East Adams St Jacksonville,FL32202	59-0637825	501(c)(3)	25,186		FMV		GENERAL SUPPORT
(306) University of Florida Foundation Inc 1938 West University Avenue Gainesville,FL32603	59-0974739	501(c)(3)	251,500		FMV		GENERAL SUPPORT
(307) University of Hawaii Foundation 1810 University Avenue Ste 300 Honolulu,HI96822	99-0085260	501(c)(3)	18,588		FMV		GENERAL SUPPORT
(308) University of North Florida Foundation Inc 1 UNF Drive Jacksonville,FL32224	23-7167701	501(c)(3)	142,294		FMV		GENERAL SUPPORT
(309) Valero Energy Foundation dba Valero Texas Open PO Box 1336 San Antonio,TX78295	74-2904514	501(c)(3)	218,413		FMV		GENERAL SUPPORT
(310) Virginia Union University 1500 N Lombardy Street Richmond,VA23220	54-0524516	501(c)(3)	5,700		FMV		GENERAL SUPPORT
(311) Virginia Veterans Services Foundation 101 N 14th Street 17th Floor Richmond,VA23219	46-2744762	115	67,978		FMV		GENERAL SUPPORT
(312) Vision Is Priceless Council Inc 6161 Arlington Expressway Jacksonville,FL32211	59-3386495	501(c)(3)	7,231		FMV		GENERAL SUPPORT
(313) Volunteers In Medicine Jacksonville Inc 41 E Duval St Jacksonville,FL32202	75-3002172	501(c)(3)	9,629		FMV		GENERAL SUPPORT
(314) Walk-Off Charities Of Jax Inc 12620-3 Beach Blvd Ste 325 Jacksonville,FL32246	82-1119696	501(c)(3)	16,730		FMV		GENERAL SUPPORT
(315) Warrior Homes of Collier Inc 3200 Bailey Ln Naples,FL34105	46-4973419	501(c)(3)	34,388		FMV		GENERAL SUPPORT
(316) West Jupiter Community Group Inc 7187 Church St Jupiter,FL33458	65-0137715	501(c)(3)	6,529		FMV		GENERAL SUPPORT
(317) West Palm Golf Community Trust Inc 3535 Military Trail Jupiter,FL33458	85-4141988	501(c)(3)	464,708		FMV		GENERAL SUPPORT
(318) Wish For Our Heroes Inc PO Box 915 Ponte Vedra Beach,FL32004	27-0483869	501(c)(3)	31,696		FMV		GENERAL SUPPORT
(319) World Golf Foundation Inc 1 PGA TOUR Blvd Ponte Vedra Beach,FL32082	59-2998925	501(c)(3)	537,177		FMV		GENERAL SUPPORT
(320) Young Life 420 N Cascade Ave Colorado Springs,CO80903	84-0385934	501(c)(3)	17,434		FMV		GENERAL SUPPORT
(321) Young Men's Christian Association of Metropolitan 569 Martin Luther King Jr Drive NW Atlanta,GA30314	58-0566253	501(c)(3)	7,500		FMV		GENERAL SUPPORT
(322) Youth Driving for Values dba First Tee Utah 680 West 3300 South Salt Lake City,UT84119	01-0584107	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(323) Youth Golf Foundation of the Carolinas dba First T 2661 Revolution Park Drive Charlotte,NC28208	56-2245026	501(c)(3)	9,294		FMV		GENERAL SUPPORT
(324) Youth Programs Inc dba Fedex St Jude Classic 3325 Club at Southwind Memphis,TN38125	62-0676258	501(c)(3)	2,993,974		FMV		GENERAL SUPPORT
(325) Youth Renewal Fund 1460 Broadway New York,NY10036	13-3641489	501(c)(3)	46,471		FMV		GENERAL SUPPORT
(326) Zion Institute 5644 South 16th Street Phoenix,AZ85040	83-0370609	501(c)(3)	5,577		FMV		GENERAL SUPPORT

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

321

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) Rev. 1-2025

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)
(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 I, LINE 2

PGA TOUR, INC. AND ITS SUBSIDIARIES ENSURE THAT ORGANIZATIONS RECEIVING GRANTS OR DONATIONS ARE TAX-EXEMPT ORGANIZATIONS AT THE TIME OF SUCH GRANT/DONATION BY REVIEWING CHARITABLE STATUS AT IRS.GOV AND/OR BY OBTAINING AN IRS DETERMINATION LETTER OF EXEMPT CHARITABLE STATUS PRIOR TO DISTRIBUTING GRANTS OR DONATIONS. GRANTS OR DONATIONS ARE NOT MONITORED AFTER ISSUANCE SINCE PGA TOUR, INC. AND ITS SUBSIDIARIES EXERCISED THE NECESSARY DUE DILIGENCE PRIOR TO OFFERING THE GRANT OR DONATION. THE GRANTS REPORTED ON FORM 990, SCHEDULE I REPRESENT GRANTS THAT WERE PAID DURING THE TAX YEAR.

Schedule I (Form 990) Rev. 1-2025

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

Part I

Questions Regarding Compensation

Yes

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.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on 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 .....

Yes

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 on Line 1a? ....

Yes

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.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

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:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

Yes

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.

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:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

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:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

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 ............

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 ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) (Rev. 1-2025)

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, 1099-MISC compensation, and/or 1099-NEC			(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
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Woods Eldrick Tiger Player Director	(i) (ii)	0 ------------- 0	0 ------------- 0	18,344,359 ------------- 0	10,983,616 ------------- 0	0 ------------- 0	29,327,975 ------------- 0	0 ------------- 0
2Spieth Jordan Player Dir / Asst Secretary	(i) (ii)	0 ------------- 0	0 ------------- 0	10,138,950 ------------- 0	5,730,737 ------------- 0	0 ------------- 0	15,869,687 ------------- 0	0 ------------- 0
3Cantlay Patrick Player Director	(i) (ii)	0 ------------- 0	0 ------------- 0	7,789,941 ------------- 0	6,321,944 ------------- 0	0 ------------- 0	14,111,885 ------------- 0	0 ------------- 0
4Scott Adam Player Director	(i) (ii)	0 ------------- 0	0 ------------- 0	7,356,258 ------------- 0	4,183,201 ------------- 0	0 ------------- 0	11,539,459 ------------- 0	0 ------------- 0
5Malnati Peter Player Director	(i) (ii)	0 ------------- 0	0 ------------- 0	2,560,624 ------------- 0	411,801 ------------- 0	0 ------------- 0	2,972,425 ------------- 0	0 ------------- 0
6Simpson James Webb Player Dir / Asst Treasurer	(i) (ii)	0 ------------- 0	0 ------------- 0	718,745 ------------- 0	1,601,626 ------------- 0	0 ------------- 0	2,320,371 ------------- 0	0 ------------- 0
7Monahan Joseph W Commissioner & President	(i) (ii)	563,984 ------------- 1,432,856	7,966,148 ------------- 5,317,352	44,973 ------------- 2,878,333	27,586 ------------- 970,230	7,453 ------------- 18,936	8,610,144 ------------- 10,617,707	0 ------------- 0
8Price Ronald E Chief Operating Officer	(i) (ii)	159,354 ------------- 664,736	1,281,008 ------------- 5,343,643	736,461 ------------- 5,007,431	0 ------------- 0	5,165 ------------- 21,547	2,181,988 ------------- 11,037,357	0 ------------- 0
9Brown Leonard Chief Global Business Ventures	(i) (ii)	69,576 ------------- 478,798	434,343 ------------- 1,259,879	8,846 ------------- 725,923	15,419 ------------- 195,451	4,024 ------------- 27,688	532,208 ------------- 2,687,739	0 ------------- 0
10Anderson Richard D EVP & Chief Commercial Officer	(i) (ii)	39,136 ------------- 533,618	687,939 ------------- 958,724	5,181 ------------- 403,213	12,915 ------------- 448,049	2,488 ------------- 33,927	747,659 ------------- 2,377,531	0 ------------- 0
11Keller Allison W Chief Admin Ofc / Secretary	(i) (ii)	159,635 ------------- 404,638	718,721 ------------- 941,749	40,321 ------------- 371,681	35,789 ------------- 254,883	9,614 ------------- 24,369	964,080 ------------- 1,997,320	0 ------------- 0
12Shetty Neera M Chief Legal Ofc & EVP Soc Resp	(i) (ii)	115,789 ------------- 303,113	426,300 ------------- 509,795	10,196 ------------- 943,494	26,670 ------------- 69,816	9,347 ------------- 24,469	588,302 ------------- 1,850,687	0 ------------- 0
13Madara Jay M EVP & CFO / Treasurer	(i) (ii)	83,842 ------------- 454,930	413,241 ------------- 1,054,439	5,025 ------------- 114,534	0 ------------- 0	10,649 ------------- 57,783	512,757 ------------- 1,681,686	0 ------------- 0
14Dennis Leland T Chief Competitions Officer	(i) (ii)	286,531 ------------- 142,742	772,354 ------------- 240,954	90,949 ------------- 380,804	58,830 ------------- 62,180	23,222 ------------- 11,568	1,231,886 ------------- 838,248	0 ------------- 0
15Neal Laura EVP Brand Communications	(i) (ii)	77,974 ------------- 321,302	387,510 ------------- 397,528	8,312 ------------- 34,253	14,223 ------------- 58,607	7,781 ------------- 32,063	495,800 ------------- 843,753	0 ------------- 0
16Gore Jason EVP & Chief Player Officer	(i) (ii)	521,878 ------------- 0	539,150 ------------- 0	44,184 ------------- 0	0 ------------- 0	66,166 ------------- 0	1,171,378 ------------- 0	0 ------------- 0
17Baldwin Alexandra C President Korn Ferry Tour	(i) (ii)	31,384 ------------- 363,616	237,042 ------------- 284,779	2,635 ------------- 30,527	4,924 ------------- 57,050	479 ------------- 5,554	276,464 ------------- 741,526	0 ------------- 0
18Brady Jack M Jr President PGA TOUR Champions	(i) (ii)	24,223 ------------- 280,651	215,886 ------------- 215,725	2,450 ------------- 28,382	8,467 ------------- 98,106	2,732 ------------- 31,651	253,758 ------------- 654,515	0 ------------- 0
19Weitz Andrew CMO & EVP Inv Rel, As of 08/05	(i) (ii)	70,212 ------------- 210,636	125,000 ------------- 375,000	17,874 ------------- 53,623	0 ------------- 0	2,025 ------------- 6,075	215,111 ------------- 645,334	0 ------------- 0
20Oliver Brian M EVP Corporate Partnerships	(i) (ii)	30,281 ------------- 366,716	460,822 ------------- 490,678	5,082 ------------- 111,779	5,080 ------------- 97,771	2,473 ------------- 29,947	503,738 ------------- 1,096,891	0 ------------- 0
21Gambuzza Norbert M EVP Media	(i) (ii)	41,791 ------------- 386,081	235,041 ------------- 318,636	5,060 ------------- 46,742	10,013 ------------- 92,504	3,542 ------------- 32,723	295,447 ------------- 876,686	0 ------------- 0
22Triola James C COO Golf Course Properties	(i) (ii)	4,796 ------------- 397,658	3,676 ------------- 561,766	710 ------------- 58,837	754 ------------- 62,489	225 ------------- 18,667	10,161 ------------- 1,099,417	0 ------------- 0
23Glod Daniel T Jr SVP Business Development	(i) (ii)	27,528 ------------- 318,942	245,804 ------------- 291,055	4,985 ------------- 57,758	7,595 ------------- 88,000	2,765 ------------- 32,039	288,677 ------------- 787,794	0 ------------- 0
24Goicouria Luis E SVP Media	(i) (ii)	30,130 ------------- 349,088	111,952 ------------- 392,645	3,005 ------------- 34,816	7,044 ------------- 81,618	2,835 ------------- 32,845	154,966 ------------- 891,012	0 ------------- 0
25Sharkey Kenneth J Former EVP & CFO	(i) (ii)	112,615 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	112,615 ------------- 0	0 ------------- 0
26Votaw Ty M Former EVP International	(i) (ii)	112,500 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	112,500 ------------- 0	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

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
Schedule J, Part II, Player Compensation	COMPENSATION REPORTED FOR PLAYER DIRECTORS IN PART VII AND SCHEDULE J OF FORM 990 REPRESENTS COMPENSATION EARNED IN THE CALENDAR YEAR BY EACH PLAYER FOR PARTICIPATION IN VARIOUS GOLF TOURNAMENTS, EVENTS, OR PROGRAMS. OTHER THAN REIMBURSEMENT FOR DOCUMENTED EXPENSES TO ATTEND BOARD MEETINGS, INDIVIDUALS DO NOT RECEIVE COMPENSATION FOR THEIR SERVICE TO THE PGA TOUR AS A PLAYER DIRECTOR.
Schedule J, Part I, Line 1A	IN SOME CASES, CERTAIN INDIVIDUALS LISTED ON PART VII AND SCHEDULE J MAY USE FIRST-CLASS OR CHARTER TRAVEL (I.E., A CORPORATE PLANE OF A TOUR SUBSIDIARY AND/OR A THIRD PARTY) FOR BUSINESS OR PERSONAL USE BASED UPON SECURITY CONCERNS, PRIVACY CONCERNS, TIMING CONCERNS, AND LENGTH OF TRIP. THE TOUR'S GOVERNING BOARD REQUIRES THAT THE COMMISSIONER USE CHARTER FLIGHTS FOR ALL TRAVEL, BOTH BUSINESS AND PERSONAL, BECAUSE OF SECURITY CONCERNS, PRIVACY CONCERNS, AND TIMING CONCERNS. THIS PROVISION OF FIRST-CLASS OR CHARTER TRAVEL IS IN ACCORDANCE WITH WRITTEN COMPANY POLICY AND, WHEN REQUIRED (E.G., PERSONAL USE), THE APPROPRIATE VALUE IS CALCULATED AND REPORTED AS TAXABLE TO EACH APPLICABLE RECIPIENT IN ACCORDANCE WITH THE APPLICABLE TAX RULES. PERSONAL USE OF FIRST-CLASS OR CHARTER TRAVEL, INCLUDING THE PERSONAL USE OF A CORPORATE PLANE OF A TOUR SUBSIDIARY AND/OR A THIRD PARTY, IS REPORTED AS TAXABLE WAGES ON FORM 990, SCHEDULE J, PART II, COLUMN (b)(iii). PGA TOUR, INC. PERMITS COMPANION TRAVEL FOR EMPLOYEES REPORTED ON PART VII AND SCHEDULE J IN LIMITED CASES, BASED ON CERTAIN FACTS AND CIRCUMSTANCES, WHERE SUCH TRAVEL ENHANCES AND PROMOTES TOUR'S BUSINESS. PGA TOUR, INC.'S PROVISION OF TRAVEL FOR COMPANIONS IS IN ACCORDANCE WITH WRITTEN COMPANY POLICY AND, WHEN REQUIRED (E.G., PERSONAL USE), THE APPROPRIATE VALUE IS CALCULATED AND REPORTED AS TAXABLE TO EACH APPLICABLE RECIPIENT IN ACCORDANCE WITH THE APPLICABLE TAX RULES. PERSONAL USE OF TRAVEL FOR COMPANIONS IS REPORTED AS TAXABLE WAGES ON FORM 990, SCHEDULE J, PART II, COLUMN (b)(iii). ALL EMPLOYEES REPORTED ON PART VII AND SCHEDULE J RECEIVE ACCESS TO HEALTH OR SOCIAL CLUBS FOR BUSINESS AND/OR PERSONAL USE. THIS PROVISION OF ACCESS TO HEALTH OR SOCIAL CLUBS IS IN ACCORDANCE WITH WRITTEN COMPANY POLICY AND, WHEN REQUIRED (E.G., PERSONAL USE), THE APPROPRIATE VALUE IS CALCULATED AND REPORTED AS TAXABLE TO EACH APPLICABLE RECIPIENT IN ACCORDANCE WITH THE APPLICABLE TAX RULES. PERSONAL USE OF HEALTH OR SOCIAL CLUBS IS REPORTED AS TAXABLE WAGES ON FORM 990, SCHEDULE J, PART II, COLUMN (b)(iii). IN LIMITED CASES AND IN CONJUNCTION WITH TOURNAMENT EVENTS THAT PROVIDE NON-CASH BENEFITS, TAX GROSS-UP PAYMENTS ARE PROVIDED.
Schedule J, Part I, Line 4A	PGA TOUR, INC. AND ITS RELATED ORGANIZATIONS MADE SEVERANCE PAYMENTS TO THE FOLLOWING INDIVIDUALS REPORTED ON PART VII AND SCHEDULE J OF FORM 990 IN CALENDAR YEAR 2024: RONALD E. PRICE 3,602,825
Schedule J, Part I, Line 4B	CERTAIN EXECUTIVES PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IS A PLAN OF A RELATED ORGANIZATION AND NOT PGA TOUR, INC. DURING EMPLOYMENT, ACTUARIAL CHANGES ARE REPORTED BY PARTICIPANT AS OTHER WAGES IN PART II COLUMN (B)(III) OF SCHEDULE J. WHEN DISTRIBUTIONS ARE MADE AFTER RETIREMENT, THE REPORTABLE AMOUNT IS THE EXCESS OF THE TOTAL PAYMENT RECEIVED LESS ACTUARIAL AMOUNTS PREVIOUSLY REPORTED. ACTUARIAL AMOUNTS REPORTED AS PART OF THE PLAN TOTALED $7,269,021 IN 2024. THE PLAN PARTICIPANTS WERE RICHARD D. ANDERSON, LEONARD BROWN, LELAND T. DENNIS, ALLISON W. KELLER, JOSEPH W. MONAHAN, BRIAN M. OLIVER, RONALD E. PRICE, AND NEERA M. SHETTY.
Schedule J, Part I, Line 4C	BASED ON PAST COMPETITIVE PERFORMANCE, RECENT PERFORMANCE, AND FUTURE PARTICIPATION AND SERVICES, PLAYER DIRECTORS REPORTED IN PART VII, SECTION A, AND SCHEDULE J, PART II, WERE GRANTED UNVESTED EQUITY UNITS IN PGA TOUR ENTERPRISES, LLC, A MAJORITY-OWNED SUBSIDIARY OF PGA TOUR, INC., THAT VEST OVER A PERIOD OF TIME BEGINNING IN 2028 AND SUBSEQUENT YEARS. IN ACCORDANCE WITH APPLICABLE FEDERAL INCOME TAX RULES AND REGULATIONS, THE PRO-RATED TAX VALUE GRANTED TO PLAYER DIRECTORS AND REPORTED ON PGA TOUR, INC.'S FORM 990 IS $27,062,913 IN 2024, WHICH SHALL VEST IN A FUTURE YEAR.
Schedule J, Part II, Column (B)	CERTAIN INDIVIDUALS HAVE AMOUNTS REPORTED IN PART VII, SECTION A, COLUMN (E) AND SCHEDULE J, PART II, COLUMN (B) THAT DIFFER FROM AMOUNTS REPORTED ON THEIR FORM W-2. THIS RESULT WAS DUE TO A CHANGE IN RETIREMENT TIMING WHICH AFFECTED THE VALUE OF RETIREMENT BENEFITS AND IT DOES NOT REPRESENT AN ACTUAL ACCRUAL OF BENEFITS UNDER THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. BECAUSE THIS VARIANCE WAS A RESULT OF RETIREMENT TIMING, IT IS NOT EXPECTED TO OCCUR ON AN ONGOING BASIS. IN 2024, THE INDIVIDUAL THAT HAS AMOUNTS REPORTED IN PART VII AND SCHEDULE J THAT DIFFER FROM AMOUNTS REPORTED ON FORM W-2 IS RONALD E. PRICE.

Schedule J (Form 990) (Rev. 1-2025)

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Schedule L
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No




Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) (Rev. 1-2025)

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) WILLIAM SCHRODER	FAMILY MEMBER OF LAURA NEAL KEY EMPLOYEE	286,615	EMPLOYMENT		No
(2) ERIC BALDWIN	FAMILY MEMBER OF ALEXANDRA BALDWIN KEY EMPLOYEE	240,724	EMPLOYMENT		No
(3) OLIVER JOHNSON	FAMILY MEMBER OF LEONARD BROWN OFFICER	94,934	EMPLOYMENT		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
SCHEDULE L, PART IV	PGA TOUR, INC. COMPENSATED THE LISTED FAMILY MEMBERS OF "INTERESTED" INDIVIDUALS PURSUANT TO ITS TRADITIONAL ARM'S-LENGTH COMPENSATION PROCEDURE. THE "INTERESTED" PERSONS HAD NO INPUT INTO ANY COMPENSATION DECISIONS.

Schedule L (Form 990) (Rev. 1-2025)

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SCHEDULE N
(Form 990)

Department of the Treasury
Internal Revenue Service

Liquidation, Termination, Dissolution, or Significant Disposition of Assets
Right arrow

Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
Right arrow

Attach certified copies of any articles of dissolution, resolutions, or plans.
Right arrow

Attach to Form 990 or 990-EZ.
Right arrow

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Name of the organization
PGA TOUR INC

Employer identification number
52-0999206

Part I

Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed. Click to see attachment

List of Attached Documents:

// Content

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? ...........................

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Become a direct or indirect owner of a successor or transferee organization? .........................

Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50087Z

Schedule N (Form 990) (2024)

Page 2

Part I

Liquidation, Termination, or Dissolution (continued)

Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.

Yes

Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III ...............

Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? .........

If "Yes," did the organization provide such notice? ................................

Did the organization discharge or pay all of its liabilities in accordance with state laws? .......................

Did the organization have any tax-exempt bonds outstanding during the year? .........................

If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?

If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II

Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity
CASH AND CASH EQUIVALENTS	01-30-2024	9,589,526	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
ACCOUNTS AND NOTES RECEIVABLE, NET	01-30-2024	98,335,125	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
INVENTORY, NET	01-30-2024	300,577	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
PREPAID EXPENSES & OTHER CURRENT ASSETS	01-30-2024	84,563,462	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
INVESTMENT IN CONSOLIDATED ENTITIES	01-30-2024	476,711,773	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
OTHER RESERVES AND INVESTMENTS	01-30-2024	366,194,255	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
LAND AND LAND IMPROVEMENTS	01-30-2024	68,631,405	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
GOLF COURSES	01-30-2024	30,802,055	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
BUILDINGS	01-30-2024	131,947,841	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
FURNITURE, FIXTURES, AND EQUIPMENT	01-30-2024	65,268,169	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
CONSTRUCTION IN PROGRESS	01-30-2024	133,579,974	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
OTHER LONG-TERM ASSETS	01-30-2024	10,636,546,918	INDEPENDENT APPRAISAL	37-2113106	PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082	LLC
TRANSACTION EXPENSES	01-30-2024	1,000,000	ARM'S LENGTH	99-9999999	PILLSBURY WINTHROP SHAW PITTMAN LLP 31 WEST 52ND STREET NEW YORK,NY10019	LLP
TRANSACTION EXPENSES	01-30-2024	829,789	ARM'S LENGTH	99-9999999	MCDERMOTT WILL EMERY LLP ONE VANDERBILT AVENUE NEW YORK,NY100173852	LLP

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? ...........................

Yes

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Yes

Become a direct or indirect owner of a successor or transferee organization? .........................

Yes

Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ..........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50087Z

Schedule N (Form 990) (2024)

Page 3

Part III

Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.

Return Reference	Explanation

SCHEDULE N, PART II, LINE 1	IN 2023, PGA TOUR, INC. FORMED PGA TOUR ENTERPRISES, LLC ("ENTERPRISES"), A DELAWARE LIMITED LIABILITY COMPANY ("LLC"), TO HOLD CERTAIN RIGHTS AND ASSETS. ON JANUARY 30, 2024, PGA TOUR, INC. EXCHANGED CERTAIN NET ASSETS, AS WELL AS CERTAIN WHOLLY OWNED SUBSIDIARIES, FOR A MAJORITY INTEREST IN ENTERPRISES PURSUANT TO A CONTRIBUTION AND INVESTMENT AGREEMENT BETWEEN PGA TOUR, INC., ENTERPRISES, AND AN UNRELATED THIRD PARTY, STRATEGIC SPORTS GROUP LLC. AS A RESULT OF THE TRANSACTION, ENTERPRISES IS TREATED AS A PARTNERSHIP FOR U.S. FEDERAL INCOME TAX PURPOSES. ENTERPRISES CONTINUES TO CARRY OUT THE TAX-EXEMPT PURPOSES OF PGA TOUR, INC. THROUGH ITS OPERATIONS AND PROMOTION OF PROFESSIONAL TOURNAMENT GOLF AND THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF PROFESSIONAL TOURNAMENT GOLFERS, CONSISTENT WITH THE AUTHORITY OF REV. RUL. 98-15. THE CORE OPERATION AND TAX-EXEMPT PURPOSE OF PGA TOUR, INC. REMAINS UNCHANGED, AND PGA TOUR, INC. CONTINUES TO MAINTAIN ITS TAX-EXEMPT MISSION THROUGH ITS MAJORITY OWNERSHIP AND CONTROL OF ENTERPRISES' ACTIVITIES AND OPERATIONS. TO ENHANCE ITS CORE MISSION OF THE PROMOTION OF PROFESSIONAL TOURNAMENT GOLF AND THE COMMON BUSINESS INTERESTS OF PROFESSIONAL TOURNAMENT GOLFERS, PGA TOUR, INC. PROVIDED UNVESTED EQUITY GRANTS IN ENTERPRISES TO MEMBERS BASED ON PAST COMPETITIVE PERFORMANCE, RECENT PERFORMANCE, AND FUTURE PARTICIPATION AND SERVICES. THE MEMBER EQUITY GRANTS ARE SCHEDULED TO VEST OVER TIME.
SCHEDULE N, PART II, LINE 2A	JOE GORDER, PATRICK CANTLAY, PETER MALNATI, ADAM SCOTT, JAMES "WEBB" SIMPSON, JORDAN SPIETH, AND ELDRICK "TIGER" WOODS, DIRECTORS OF PGA TOUR, INC., BECAME DIRECTORS OF PGA TOUR ENTERPRISES, LLC (THE TRANSFEREE ORGANIZATION), EFFECTIVE JANUARY 30, 2024. JOSEPH W. MONAHAN, AN OFFICER OF PGA TOUR, INC., BECAME A DIRECTOR OF PGA TOUR ENTERPRISES, LLC (THE TRANSFEREE ORGANIZATION), EFFECTIVE JANUARY 30, 2024.
SCHEDULE N, PART II, LINE 2B	RICHARD D. ANDERSON, ALEXANDRA C. BALDWIN, JACK M. BRADY, JR., LEONARD BROWN, LELAND T. DENNIS, ALLISON W. KELLER, JAY M. MADARA, JOSEPH W. MONAHAN, LAURA NEAL, RONALD E. PRICE, NEERA M. SHETTY, AND ANDREW WEITZ, OFFICERS OR KEY EMPLOYEES OF PGA TOUR, INC., BECAME EMPLOYEES OF PGA TOUR ENTERPRISES, LLC (THE TRANSFEREE ORGANIZATION) DURING THE TAX YEAR ENDED DECEMBER 31, 2024. A PORTION OF THESE INDIVIDUALS' TIME CONTINUES TO BE DEDICATED TO PGA TOUR, INC. EMPLOYMENT FOLLOWING THE EXCHANGE OF THE ORGANIZATION'S ASSETS TO PGA TOUR ENTERPRISES, LLC.
SCHEDULE N, PART II, LINE 2C	PATRICK CANTLAY, PETER MALNATI, ADAM SCOTT, JAMES "WEBB" SIMPSON, JORDAN SPIETH, AND ELDRICK "TIGER" WOODS, DIRECTORS OF PGA TOUR, INC., OBTAINED A FUTURE PARTIAL OWNERSHIP INTEREST IN PGA TOUR ENTERPRISES, LLC (THE TRANSFEREE ORGANIZATION), EFFECTIVE JANUARY 30, 2024, VIA UNVESTED EQUITY GRANTS BASED ON PAST COMPETITIVE PERFORMANCE, RECENT PERFORMANCE, AND FUTURE PARTICIPATION AND SERVICES.

Schedule N (Form 990) (2024)

Additional Data

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SCHEDULE O
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

Return Reference	Explanation
FORM 990, PAGE 1, LINE G	THE AMOUNT REPORTED AS GROSS RECEIPTS ON PAGE 1, LINE G ENCOMPASSES ALL OF PGA TOUR, INC.'S GROSS RECEIPTS ACTIVITY THROUGHOUT THE YEAR. THE GROSS RECEIPTS ARE REQUIRED TO INCLUDE TOTAL REVENUE REPORTED ON PART VIII "STATEMENT OF REVENUE", WHICH INCLUDES GROSS REVENUES FROM SALES OF SECURITIES DURING THE NORMAL COURSE OF INVESTMENT MANAGEMENT AND ASSET REALLOCATION (OF BOTH PGA TOUR CORPORATE RESERVES AND THE PLAYER RETIREMENT PLANS), AS WELL AS OTHER GROSS AMOUNTS, WITHOUT TAKING INTO ACCOUNT ASSOCIATED COST BASIS OR EXPENSES.
FORM 990, PART I, LINE 5 / PART V, LINE 2A	PGA TOUR, INC. REPORTS A DECREASE IN EMPLOYEES FROM 2023 TO 2024 BECAUSE MANY OF THOSE INDIVIDUALS HAVE MOVED TO THE PAYROLL OF THE NEWLY FORMED PGA TOUR ENTERPRISES, LLC.
FORM 990, PART I, LINE 7B	THE TOTAL TAX FROM PGA TOUR, INC.'S FORM 990-T ("EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN") FOR TAX YEAR ENDED 12/31/2024 IS $1,599,007.
FORM 990, PART III, LINE 3	IN JANUARY 2024, THE PGA TOUR AND STRATEGIC SPORTS GROUP ("SSG"), A CONSORTIUM OF AMERICAN SPORTS TEAM OWNERS, ANNOUNCED THE LAUNCH OF PGA TOUR ENTERPRISES, A NEW JOINT VENTURE SUBSIDIARY UNDER PGA TOUR, INC.'S CONTROL. AS PART OF PGA TOUR ENTERPRISES, SSG WILL ALSO PROVIDE STRATEGIC FOCUS ON MAXIMIZING REVENUE GENERATION FOR THE BENEFIT OF THE PLAYERS AND ON FINDING OPPORTUNITIES TO ENHANCE THE GAME OF GOLF ACROSS THE WORLD. PGA TOUR, INC. REMAINS A MEMBERSHIP ORGANIZATION DEVOTED TO CARRYING OUT THE TAX-EXEMPT PURPOSES AND ACTIVITIES OF PROMOTING THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS THROUGH PGA TOUR ENTERPRISES, CONSISTENT WITH THE AUTHORITY OF REV. RUL. 98-15.
FORM 990, PART VI, LINE 2	EDWARD D. HERLIHY, JOSEPH W. MONAHAN, RONALD E. PRICE, JOHN LINDERT, NEERA M. SHETTY, JAY M. MADARA, ALLISON W. KELLER - BUSINESS RELATIONSHIP (BOARD AND/OR OFFICER OVERLAP)
FORM 990, PART VI, LINE 2	EDWARD D. HERLIHY, JOSEPH W. MONAHAN, RONALD E. PRICE, LEONARD D. BROWN, JR., JAY M. MADARA, JAMES C. TRIOLA, NEERA M. SHETTY, RICHARD D. ANDERSON, ALLISON W. KELLER - BUSINESS RELATIONSHIP (BOARD AND/OR OFFICER OVERLAP)
FORM 990, PART VI, LINE 2	JOE GORDER, PATRICK CANTLAY, ADAM SCOTT, PETER MALNATI, JORDAN SPIETH, JAMES "WEBB" SIMPSON, ELDRICK "TIGER" WOODS, JOSEPH W. MONAHAN, RONALD E. PRICE, JAY M. MADARA, ALLISON W. KELLER, LELAND T. DENNIS, RICHARD D. ANDERSON, LEONARD D. BROWN, JR., NEERA M. SHETTY - BUSINESS RELATIONSHIP (BOARD AND/OR OFFICER OVERLAP)
FORM 990, PART VI, LINE 6	PGA TOUR, INC. IS A NOT-FOR-PROFIT CORPORATION EXEMPT UNDER IRC SECTION 501(C)(6) WHICH HAS ONE CLASS OF MEMBERS - PROFESSIONAL GOLFERS. THE MEMBERS HAVE THE RIGHT TO ELECT PLAYER DIRECTORS WHO SIT ON THE BOARD OF DIRECTORS OF THE ORGANIZATION. CURRENTLY, SIX MEMBERS SIT ON THE BOARD OF DIRECTORS, FOUR OF WHICH ARE ELECTED BY THE MAJORITY OF THE ORGANIZATION'S MEMBERS; ONE THAT IS APPOINTED BY THE FOUR ELECTED MEMBERS; AND ONE THAT IS APPOINTED BY THE BOARD OF DIRECTORS. ONLY THE ELECTED OR APPOINTED MEMBERS HAVE THE RIGHT TO VOTE IN DECISIONS OF THE GOVERNING BODY.
FORM 990, PART VI, LINE 7A	THE MEMBERS DESCRIBED IN QUESTION 6 OF FORM 990, PART VI HAVE THE RIGHT TO ELECT PLAYER DIRECTORS WHO SIT ON THE BOARD OF DIRECTORS OF THE ORGANIZATION. CURRENTLY, SIX MEMBERS SIT ON THE BOARD OF DIRECTORS, FOUR OF WHICH ARE ELECTED BY THE MAJORITY OF THE ORGANIZATION'S MEMBERS; ONE THAT IS APPOINTED BY THE FOUR ELECTED MEMBERS; AND ONE THAT IS APPOINTED BY THE BOARD OF DIRECTORS. ONLY THE ELECTED OR APPOINTED MEMBER DIRECTORS HAVE THE RIGHT TO VOTE IN DECISIONS OF THE GOVERNING BODY. THE EARNINGS OF THE PLAYER DIRECTORS FROM PARTICIPATION IN VARIOUS GOLF TOURNAMENTS, EVENTS, OR PROGRAMS HAVE BEEN REPORTED AS COMPENSATION ON PART VII AND SCHEDULE J AS DIRECTOR COMPENSATION AS DIRECTED IN THE IRS FORM 990 INSTRUCTIONS. OTHER THAN REIMBURSEMENT FOR DOCUMENTED EXPENSES TO ATTEND BOARD MEETINGS, PLAYER DIRECTORS DO NOT RECEIVE COMPENSATION FOR THEIR SERVICES TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, LINE 11A	PGA TOUR, INC.'S FORM 990 WAS REVIEWED BY AN OUTSIDE SERVICE PROVIDER AND PGA TOUR, INC.'S CHIEF FINANCIAL OFFICER. ADDITIONALLY, AN ELECTRONIC COPY OF FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, LINE 12 A, B, C	PGA TOUR, INC. MAINTAINS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES AND A SEPARATE CONFLICT OF INTEREST POLICY FOR THE MEMBERS OF THE BOARD OF DIRECTORS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO PROVIDE THE COMPANY A STATEMENT CONFIRMING THEY RECEIVED A COPY OF THE POLICY, READ THE POLICY, AND AGREED TO COMPLY WITH THE POLICY. EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED ANNUALLY TO DISCLOSE ANY RELATIONSHIP, TRANSACTION, OR POSITION THEY HOLD THAT COULD GIVE RISE TO A CONFLICT AND TO NOTIFY THE ORGANIZATION IF SUCH A RELATIONSHIP EXISTS AT ANY TIME DURING THE YEAR.
FORM 990, PART VI, LINE 15A AND 15B	THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF PGA TOUR, INC. IS COMPRISED OF UNCOMPENSATED, INDEPENDENT MEMBERS OF THE PGA TOUR POLICY BOARD. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION PROGRAM FOR THE CEO, SENIOR MANAGEMENT, AND KEY EMPLOYEES OF PGA TOUR, INC. AND ITS SUBSIDIARIES. THE MEMBERS OF THE COMMITTEE ARE UNRELATED TO AND NOT SUBJECT TO CONTROL BY MEMBERS OF SENIOR MANAGEMENT OF PGA TOUR, INC. THE COMMITTEE ESTABLISHES MANAGEMENT BENEFITS AND PREREQUISITES. THE COMMITTEE BELIEVES THE ATTRACTION, RETENTION, MOTIVATION, AND REWARD OF EXECUTIVES AND KEY EMPLOYEES IS VITAL TO THE FUTURE OF PGA TOUR, INC. AND CREATION OF MAXIMUM MEMBER VALUE. AS PART OF CARRYING OUT ITS RESPONSIBILITIES, THE COMMITTEE UTILIZES THE SERVICES OF A NATIONAL COMPENSATION CONSULTING FIRM ANNUALLY TO OBTAIN COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. PERFORMANCE EVALUATIONS ARE UTILIZED IN THE DETERMINATION OF THE COMPENSATION LEVELS OF INDIVIDUAL MEMBERS OF SENIOR MANAGEMENT.
FORM 990, PART VIII, LINE 2	PROGRAM SERVICES ARE BEING CARRIED OUT THROUGH THE MAJORITY-OWNED PARTNERSHIP, PGA TOUR ENTERPRISES, LLC, THAT WAS ENTERED INTO EFFECTIVE JANUARY 30, 2024. PGA TOUR, INC. REMAINS A MEMBERSHIP ORGANIZATION DEVOTED TO CARRYING OUT THE TAX-EXEMPT PURPOSES AND ACTIVITIES OF PROMOTING THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS THROUGH PGA TOUR ENTERPRISES, CONSISTENT WITH THE AUTHORITY OF REV. RUL. 98-15.
FORM 990, PART XI, LINE 9	RECONCILIATION OF NET ASSETS - OTHER CHANGES IN FUND BALANCE INCREASE (DECREASE) FUNDS RESERVED FOR DESIGNATED PURPOSES 35,368,995 UNREALIZED GAINS & LOSSES (GAAP) 131,454 PENSION AND POST-RETIREMENT RELATED CHANGES 32,416,883 BOOK-TAX DIFFERENCE IN PLAYER COMPENSATION 739,062,610 INTERCOMPANY ADJUSTMENT (835,141) ROUNDING 1 TOTAL OTHER CHANGES IN FUND BALANCE 806,144,802
FORM 990, PART XI, LINE 19	THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
FORM 990 PART IX LINE 11G	DESCRIPTION:PLAYER PRIZE AND OTHER BENEFIT TOTAL FEES:XXX-XX-XXXX
FORM 990 PART IX LINE 11G	DESCRIPTION:PLAYER RETIREMENT TOTAL FEES:56700000
FORM 990 PART IX LINE 11G	DESCRIPTION:INTERCOMPANY MUTUAL SERVICES TOTAL FEES:8520737
FORM 990 PART IX LINE 11G	DESCRIPTION:PROFESSIONAL FREELANCE FEES TOTAL FEES:2443608
FORM 990 PART IX LINE 11G	DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:26246938

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

PGA TOUR INC

Employer identification number

52-0999206

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
(1) TOURNAMENT EVENT LOGISTICS LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 65-0856401	EVENT MGMT	FL	68,409	0	PGA TOUR INC
(2) EVENT MANAGEMENT INTERNATIONAL LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-3715539	EVENT MGMT	FL	0	0	PGA TOUR INC
(3) TPC LICENSE COMPANY LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 20-4042445	LICENSING	FL	162,354	0	PGA TOUR INC
(4) PGA TOUR INTERNATIONAL LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 27-1162142	ADMIN SUPPORT	FL	84,323	0	PGA TOUR INC
(5) THE PRESIDENTS CUP LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 26-4316834	INACTIVE	FL	0	0	PGA TOUR INC
(6) PGA TOUR LATINOAMERICA LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 45-4567499	EVENT MGMT	FL	0	0	PGA TOUR INC
(7) PGA TOUR GAMING LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 85-3227370	ENTERTAINMENT	FL	778,946	0	PGA TOUR INC
(8) PGA TOUR ENTERPRISES LLC 211 LITTLE FALLS DRIVE WILMINGTON,DE19808 37-2113106	INACTIVE	DE	0	0	PGA TOUR INC
(9) PGA TOUR ENTERPRISES HOLDING CO LLC 251 LITTLE FALLS DRIVE WILMINGTON,DE19808 99-0645577	HOLDING COMPA	DE	0	560,639,064	PGA TOUR INC
(10) EVENT MANAGEMENT INTERNATIONAL SO KOREA 34-156 GWANGPYEONG-RO ANDEOK-MYEO JEJUDO KS 98-1188259	EVENT MGMT	KS	0	0	PGA TOUR INC
(11) INTERNATIONAL GOLF EVENT MANAGEMENT PTY PWC 17 ONE INTERNATIONAL TOWERS BARANGAROO,NSW2000 AS 98-1207110	EVENT MGMT	AS	0	0	PGA TOUR INC
(12) PGA TOUR INTERNATIONAL MALAYSIA SDN BHD SUITE 13A01 LEVEL 13A WISMA GOLD KUALA LUMPUR 50200 MY 98-1412018	EVENT MGMT	MY	0	405,656	PGA TOUR INC
(13) PGA TOUR EVENT MANAGEMENT CANADA ULC SUITE 2600 THREE BENTALL CENTRE VANCOUVER,BCV7X1L3 CA 98-1625999	EVENT MGMT	CA	0	0	PGA TOUR INC
(14) PROFESSIONAL GOLF MANAGEMENT INTERNATION 133 CECIL STREET 14-01 KECK SENG SINGAPORE 069535 SN 98-1744761	INACTIVE	SN	0	0	PGA TOUR INC

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?
(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	Yes	No
(1)PGA TOUR CHARITIES INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2774423	CHARITY	FL	501(c)(3)	LN 7	PGA TOUR INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) (Rev. 1-2025)

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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) TPC OF BOSTON AT GREAT WOODS LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 52-2266419	GOLF OPERATIO	DE	PGA TOUR HOLDIN		0	0		No	0			62.450 %
(2) TPC OF ILLINOIS LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 02-0676368	GOLF OPERATIO	DE	TPC OF ILLINOIS		0	0		No	0			80.500 %
(3) ACADEMY ASSETS LLC 1400 URBAN CENTER DRIVE SUITE 300 BIRMINGHAM,AL35242 63-1277599	PROMOTION OF GOLF	FL	PGA TOUR HOLDIN		0	0		No	0			50.016 %
(4) PGA TOUR ENTERPRISES LLC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 37-2113106	PROMOTION OF GOLF	DE	PGA TOUR INC	RELATED	366,276,588	2,950,666,235	Yes		6,088,796		No	92.962 %

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?
(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	Yes	No
(1) PGA TOUR HOLDINGS INC AND SUBSIDIARIES 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-3159885	HOLDING COMPA	FL	PGA TOUR ENTERP	PARTNERSHIP	-136,030,566	457,090,292	88.382 %	Yes
(2) PGA TOUR MEDIA CENTER INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-3184058	MEDIA OPERATI	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(3) PGA TOUR CONSTRUCTION SERVICES INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2551330	CONSTRUCTION	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(4) PGA TOUR DESIGN SERVICES INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2904716	DESIGN SERVIC	FL	PGA TOUR CONSTR	C CORP			88.382 %	Yes
(5) TOURNAMENT PLAYERS CLUB OF CONNECTICUT I 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 06-1104329	GOLF OPERATIO	CT	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(6) TOURNAMENT PLAYERS CLUB AT SOUTHWIND INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 58-1664497	GOLF OPERATIO	TN	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(7) TOURNAMENT PLAYERS CLUB AT CHEVAL INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2633623	INACTIVE	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(8) TOURNAMENT PLAYERS CLUB OF CINCINNATI IN 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 31-1648529	GOLF OPERATIO	OH	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(9) TOURNAMENT PLAYERS CLUB OF PRINCETON INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-3309245	GOLF OPERATIO	NJ	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(10) TOURNAMENT PLAYERS CLUB OF ILLINOIS INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 58-2323689	GOLF OPERATIO	IL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(11) TOURNAMENT PLAYERS CLUB OF MINNESOTA INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 41-1900252	GOLF OPERATIO	MN	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(12) TOURNAMENT PLAYERS CLUB OF NORTH CAROLIN 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 62-1714690	GOLF OPERATIO	NC	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(13) SELECT TICKETS INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 32-0429300	COMMISSION SA	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(14) PGA TOUR TRAVEL INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2648789	TRAVEL ARRANG	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(15) PGA TOUR LICENSED PROPERTIES INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-3077293	LICENSING	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes
(16) PGA TOUR GLOBAL CONSULTING INC 1 PGA TOUR BOULEVARD PONTE VEDRA BEACH,FL32082 59-2551341	CONSULTING	FL	PGA TOUR HOLDIN	C CORP			88.382 %	Yes

Schedule R (Form 990) (Rev. 1-2025)

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

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 .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

Yes

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

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
(1) TOURNAMENT PLAYERS CLUB OF BOSTON AT GREATWOO	a(iii	26,043	ARMS LENGTH
(2) TOURNAMENT PLAYERS CLUB OF ILLINOIS LLC	a(iii	11,348	ARMS LENGTH
(3) TOURNAMENT PLAYERS CLUB AT SOUTHWIND INC	a(iii	1,100	ARMS LENGTH
(4) TOURNAMENT PLAYERS CLUB OF MINNESOTA INC	a(iii	14,874	ARMS LENGTH
(5) PGA TOUR HOLDINGS INC	a(iii	979,677	ARMS LENGTH
(6) PGA TOUR LICENSED PROPERTIES INC	a(iii	6,250	ARMS LENGTH
(7) PGA TOUR CONSTRUCTION SERVICES INC	a(iv)	1,628	ARMS LENGTH
(8) PGA TOUR DESIGN SERVICES INC	a(iv)	1,323	ARMS LENGTH
(9) PGA TOUR HOLDINGS INC	a(iv)	31,665	ARMS LENGTH
(10) SELECT TICKETS INC	a(iv)	1,119	ARMS LENGTH
(11) PGA TOUR TRAVEL INC	a(iv)	1,832	ARMS LENGTH
(12) PGA TOUR ENTERPRISES LLC	b	810,695,478	CASH VALUE
(13) PGA TOUR ENTERPRISES LLC	e	597,227	CASH VALUE
(14) PGA TOUR HOLDINGS INC	g	102,619	ARMS LENGTH
(15) PGA TOUR ENTERPRISES LLC	l	59,378,436	ARMS LENGTH
(16) PGA TOUR HOLDINGS INC	l	101,775	ARMS LENGTH
(17) PGA TOUR ENTERPRISES LLC	m	7,183,055	ARMS LENGTH
(18) PGA TOUR HOLDINGS INC	m	3,937,862	ARMS LENGTH
(19) TOURNAMENT PLAYERS CLUB OF BOSTON AT GREATWOO	r	3,789,893	CASH VALUE
(20) TOURNAMENT PLAYERS CLUB OF PRINCETON INC	r	3,021,866	CASH VALUE
(21) PGA TOUR HOLDINGS INC	r	9,070,173	CASH VALUE
(22) PGA TOUR ENTERPRISES LLC	s	884,166,541	CASH VALUE
(23) PGA TOUR HOLDINGS INC	s	9,881,981	CASH VALUE

Schedule R (Form 990) (Rev. 1-2025)

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)	(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
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) (Rev. 1-2025)

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation
SCHEDULE R, PART III	FOR SOME SCHEDULE R PURPOSES, AMOUNTS ARE REPORTED ON A TAX BASIS. ALL AMOUNTS ARE REPORTED IN ACCORDANCE WITH SCHEDULE R INSTRUCTIONS.
SCHEDULE R, PART V, LINE 1B	IN 2023, PGA TOUR, INC. FORMED PGA TOUR ENTERPRISES, LLC ("ENTERPRISES"), A DELAWARE LIMITED LIABILITY COMPANY ("LLC"), TO HOLD CERTAIN RIGHTS AND ASSETS. ON JANUARY 30, 2024, PGA TOUR, INC. EXCHANGED CERTAIN NET ASSETS, AS WELL AS CERTAIN WHOLLY OWNED SUBSIDIARIES, FOR A MAJORITY INTEREST IN ENTERPRISES PURSUANT TO A CONTRIBUTION AND INVESTMENT AGREEMENT BETWEEN PGA TOUR, INC., ENTERPRISES, AND AN UNRELATED THIRD PARTY, STRATEGIC SPORTS GROUP LLC. AS A RESULT OF THE TRANSACTION, ENTERPRISES IS TREATED AS A PARTNERSHIP FOR U.S. FEDERAL INCOME TAX PURPOSES. ENTERPRISES CONTINUES TO CARRY OUT THE TAX-EXEMPT PURPOSES OF PGA TOUR, INC. THROUGH ITS OPERATIONS AND PROMOTION OF PROFESSIONAL TOURNAMENT GOLF AND THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF PROFESSIONAL TOURNAMENT GOLFERS. THE CORE OPERATION AND TAX-EXEMPT PURPOSE OF PGA TOUR, INC. REMAINS UNCHANGED, AND PGA TOUR, INC. CONTINUES TO MAINTAIN ITS TAX-EXEMPT MISSION THROUGH ITS MAJORITY OWNERSHIP AND CONTROL OF ENTERPRISES' ACTIVITIES AND OPERATIONS.
SCHEDULE R, PART III, LINE 4H	PGA TOUR, INC.'S ALLOCATIONS OF INCOME, GAIN, LOSS, AND CAPITAL IN PGA TOUR ENTERPRISES, LLC DIFFER FROM ITS PERCENTAGE OWNERSHIP INTEREST UNDER THE LIMITED LIABILITY COMPANY AGREEMENT. THE ARM'S LENGTH LIMITED LIABILITY COMPANY AGREEMENT USES A TARGETED CAPITAL ACCOUNT WHICH IS A COMMON PARTNERSHIP MODEL USED SUCH THAT EACH MEMBER'S CAPITAL ACCOUNT REMAINS PRO RATA. THE ARRANGEMENT IS ARM'S LENGTH AND DOES NOT RESULT IN PRIVATE BENEFIT.
SCHEDULE R, PART V, LINE 1L	PGA TOUR, INC. AND ENTERPRISES ENTERED INTO A SANCTIONING AND EXPENSE REIMBURSEMENT AGREEMENT WHEREBY PGA TOUR, INC. SERVES AS THE COMPETITION MANAGER FOR ENTERPRISES' GOLF ACTIVITIES AND CONDUCTS ACTIVITIES AS PART OF ITS TAX-EXEMPT PURPOSE (E.G., SANCTIONING PROFESSIONAL GOLF TOURNAMENTS, INCLUDING ADMINISTRATION AND OFFICIATING RULES AND REGULATIONS; PROMOTING THE MEMBERS OF TOURS SANCTIOND BY PGA TOUR, TOURNAMENT GOLF, AND THE SPORT OF GOLF; CONDUCTING PROFESSIONAL GOLF ACTIVITIES; AMONG OTHER SUCH ACTIVITIES AS PART OF ITS TAX-EXEMPT PURPOSE).
SCHEDULE R, PART V, LINE 1S	PGA TOUR ENTERPRISES, LLC MAKES DISTRIBUTIONS TO ITS MEMBERS IN ACCORDANCE WITH THE LIMITED LIABILITY COMPANY AGREEMENT OF PGA TOUR ENTERPRISES, LLC.

Schedule R (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROMOTE THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	375
6	Total number of volunteers (estimate if necessary) .............	6	11,193
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	41,176,743
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	7,585,695

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,387,448,982	437,036,936
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	129,602,238	293,168,539
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	311,481,965	30,401,931
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,828,533,185	760,607,406
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	42,706,309	37,248,655
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)	284,411,501	104,180,560
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,563,534,394	1,070,864,522
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,890,652,204	1,212,293,737
19	Revenue less expenses. Subtract line 18 from line 12.......	-62,119,019	-451,686,331
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	4,339,305,907	3,863,253,473
21	Total liabilities (Part X, line 26).............	3,109,358,630	2,276,936,555
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,229,947,277	1,586,316,918

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	THE PRINCIPAL MISSION OF PGA TOUR, INC. IS THE PROMOTION OF THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF THE TOURING PROFESSIONAL GOLFER AS WELL AS GROWTH OF THE GAME. THIS IS PRIMARILY ACCOMPLISHED THROUGH MANAGING AND CO-SPONSORING PROFESSIONAL GOLF TOURNAMENTS, SECURING CORPORATE SPONSORSHIP OF TOURNAMENTS AND OTHER PROGRAMS, AND SECURING TELEVISION EXPOSURE FOR ITS PROFESSIONAL GOLF TOURNAMENTS. BY MANAGING AND CO-SPONSORING FOUR PROFESSIONAL GOLF TOURNAMENT DIVISIONS (PGA TOUR, PGA TOUR CHAMPIONS, KORN FERRY TOUR, AND PGA TOUR AMERICAS - COLLECTIVELY KNOWN AS THE PGA TOUR), PGA TOUR, INC. PROVIDES OPPORTUNITIES FOR THE TOURING PROFESSIONAL GOLFER TO COMPETE AND EARN PRIZE MONEY AND BENEFITS WHILE GROWING THE GAME BY EXPOSING IT TO THE GENERAL PUBLIC THROUGH ATTENDANCE AND TELEVISION AND OTHER MEDIA ENGAGEMENT. IN 2024, THE VARIOUS TOURS COLLECTIVELY HELD 115 TOURNAMENTS. TOTAL PRIZE MONEY AND OTHER PLAYER-RELATED BENEFITS EARNED THROUGH COMPETITION BY PROFESSIONAL GOLFERS ACROSS THE VARIOUS TOURS IN 2024 EXCEEDED $975 MILLION. THESE TOURNAMENTS WERE PLAYED IN AT LEAST 35 U.S. STATES AND 16 DIFFERENT COUNTRIES IN 2024, ALLOWING PEOPLE THROUGHOUT THE WORLD THE OPPORTUNITY TO EXPERIENCE FIRST-HAND THE SPORT OF PROFESSIONAL GOLF. MEMBERS ON THE PGA TOUR REPRESENT THE WORLD'S BEST PLAYERS, HAILING FROM 28 COUNTRIES AND TERRITORIES. PGA TOUR, INC. SECURES TELEVISION COVERAGE FOR ITS TOURNAMENTS THROUGH AGREEMENTS WITH NATIONAL AND INTERNATIONAL BROADCASTERS AND CABLE CHANNELS. THE PGA TOUR HAS LONG-TERM DOMESTIC DISTRIBUTION PARTNERSHIPS FOR BROADCAST COVERAGE ON CBS, NBC, AND GOLF CHANNEL AND VIDEO STREAMING SERVICE ON ESPN+. INTERNATIONALLY, PGA TOUR COVERAGE IS AVAILABLE ACROSS 200+ COUNTRIES AND TERRITORIES IN 30 LANGUAGES VIA 44 BROADCAST AND DIGITAL PARTNERS. IN ADDITION TO TELEVISION COVERAGE, THE PGA TOUR IS EMBRACING DIGITAL MEDIA ACROSS MULTIPLE PLATFORMS, INCLUDING THE PGA TOUR APP AND A SUBSIDIARY'S WEBSITE, PGATOUR.COM. TO BRING THE PLAYERS CLOSER TO THE GENERAL PUBLIC, VOLUNTEERS, AND SPONSORS, THROUGH A SUBSIDIARY THE PGA TOUR CONTINUES TO GROW ITS PRESENCE ON SOCIAL MEDIA CHANNELS, INCLUDING YOUTUBE, FACEBOOK, INSTAGRAM (IN SPANISH, KOREAN AND JAPANESE), LINKEDIN, TIKTOK, X (IN ENGLISH, SPANISH AND JAPANESE); THE PGA TOUR CHANNEL ON FREE AD-SUPPORTED STREAMING TELEVISION (FAST) PLATFORMS SUCH AS THE ROKU CHANNEL, SAMSUNG TV PLUS, PLUTOTV, XUMO, LG CHANNELS, TUBI, AMAZON'S FREEVEE, FIRETV AND ALEXA DEVICES; AND WHATSAPP (IN ENGLISH AND SPANISH), WECHAT, WEIBO, TOUTIAO, AND DOUYIN. PGA TOUR, INC. AND THE LADIES PROFESSIONAL GOLF ASSOCIATION ("LPGA") MAINTAIN A STRATEGIC ALLIANCE DESIGNED TO FURTHER PROMOTE THE GROWTH OF PROFESSIONAL GOLF INCLUDING AREAS SUCH AS SCHEDULE COORDINATION, JOINT MARKETING, TELEVISION REPRESENTATION, DIGITAL MEDIA, AND THE DEVELOPMENT OF JOINT EVENTS INCLUDING THE ANNUAL GRANT THORNTON INVITATIONAL. THE PGA TOUR AND DP WORLD TOUR CONTINUED ITS STRATEGIC ALLIANCE, WITH THE TOURS EXPLORING ALL FACETS OF COLLABORATION. THIS COLLABORATION INCLUDES WORKING IN PARTNERSHIP ON A NUMBER OF AREAS INCLUDING GLOBAL SCHEDULING AND PLAYING OPPORTUNITIES FOR THE RESPECTIVE MEMBERSHIPS. THIS INCLUDES THE CO-SANCTIONING OF THE GENESIS SCOTTISH OPEN, TO APPEAR ON BOTH SCHEDULES, PROVIDING ACCESS TO DP WORLD TOUR MEMBERS TO TWO PGA TOUR EVENTS, AND GRANTING PGA TOUR MEMBERSHIP TO THE TOP 10 DP WORLD TOUR PLAYERS FROM THE PREVIOUS YEAR'S RACE TO DUBAI. THE MISSION OF GROWING THE GAME OF GOLF IS ENHANCED THROUGH TELEVISION, CORPORATE SPONSORSHIPS AND THE PROMOTIONAL ACTIVITIES ASSOCIATED WITH PROMOTING THE SPORT OF PROFESSIONAL GOLF. THE QUALIFIED SPONSORSHIP PAYMENTS RECEIVED BY PGA TOUR, INC., AS DEFINED IN INTERNAL REVENUE CODE SECTION 513(I), PROMOTE THE SPORT THROUGH FUNDS UTILIZED IN PART TO INCREASE PURSE AMOUNTS AND EARNINGS OPPORTUNITIES FOR PROFESSIONAL GOLFERS ON THE VARIOUS PROFESSIONAL GOLF TOURS COLLECTIVELY KNOWN AS THE PGA TOUR AND TO ACHIEVE PGA TOUR, INC.'S GOAL OF GIVING BACK TO THE COMMUNITIES THE PGA TOUR PLAYS IN, AS SET FORTH IN PART III, LINE 4B.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	IN ADDITION TO PROMOTING AND BUILDING THE SPORT OF PROFESSIONAL GOLF, PGA TOUR, INC. IS COMMITTED TO GENERATING SUBSTANTIAL CHARITABLE CONTRIBUTIONS IN THE COMMUNITIES WHERE ITS TOURNAMENTS ARE PLAYED, EVEN THOUGH PGA TOUR, INC. IS NOT A CHARITABLE IRC SECTION 501(C)(3) ORGANIZATION. A MAJORITY OF THE TOURNAMENTS ARE OPERATED BY CHARITABLE ORGANIZATIONS THAT GIVE THE NET PROCEEDS FROM THE TOURNAMENT TO LOCAL CHARITIES. AREAS OF SUPPORT INCLUDE, BUT ARE NOT LIMITED TO, HEALTHCARE, EDUCATION, YOUTH DEVELOPMENT, DISASTER RELIEF, FOOD BANKS, MILITARY, AND ENVIRONMENT. THE PGA TOUR ALSO CONTINUES ITS 10-YEAR, $100+ MILLION COMMITMENT TO SUPPORT NONPROFIT ORGANIZATIONS THAT ADDRESS THE DISPARITIES THAT DISPROPORTIONATELY AFFECT BLACK CITIZENS AND UNDERREPRESENTED AND UNDERSERVED POPULATIONS. WITH THIS INCREASED FOCUS TO IMPROVE THE PGA TOUR'S UNDERSTANDING AND COLLABORATION WITH ITS PARTNERS AND COMMUNITIES, AT THE TIME OF FILING THIS RETURN, $174 MILLION HAS BEEN GENERATED, DRIVING IMPACT ACROSS COMMUNITIES. TO DATE, TOURNAMENTS ACROSS THE PGA TOUR HAVE GENERATED MORE THAN $4 BILLION OF TOTAL CHARITABLE DONATIONS SINCE THE FIRST $10,000 CONTRIBUTION WAS MADE IN 1938. THE PGA TOUR'S SUBSTANTIAL INVOLVEMENT IN THE CHARITABLE WORLD PROVIDES A PLATFORM FOR ITS MEMBERS TO RAISE SUBSTANTIAL CHARITABLE DOLLARS THROUGH THEIR INDIVIDUAL FOUNDATIONS AND FUNDRAISERS. FINALLY, IT SHOULD BE NOTED THAT, FROM TIME TO TIME, THE PGA TOUR MAKES CHARITABLE DONATIONS TO BONA FIDE CHARITIES AND FOUNDATIONS OPERATED FOR, BY, OR IN THE NAME OF PGA TOUR, INC. MEMBERS.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	PGA TOUR, INC. INCLUDES, AS PART OF ITS MISSION STATEMENT, THE DEDICATION TO PROTECT THE INTEGRITY OF THE GAME OF PROFESSIONAL GOLF. THE TOURING PROFESSIONAL GOLFER HAS AN UNWAVERING ADHERENCE TO GOLF'S INHERENT VALUES, SUCH AS HONESTY, INTEGRITY, AND SPORTSMANSHIP. GOLF IS A SPORT IN WHICH PLAYERS CALL PENALTIES ON THEMSELVES, WHETHER AN INFRACTION IS VISIBLE TO OTHERS OR NOT. IT IS A SPORT IN WHICH COMPETITORS SHAKE HANDS AND CONGRATULATE ONE ANOTHER AT THE CONCLUSION OF EACH AND EVERY ROUND, TOURNAMENT OR MATCH, WITHOUT FAIL. IT IS ALSO A SPORT THAT FAITHFULLY TEACHES EACH GENERATION OF PARTICIPANTS FROM THE EARLIEST AGE THAT ITS RULES ARE UNCOMPROMISABLE. THESE ARE VALUES THAT PGA TOUR, INC.'S TOURING PROFESSIONAL GOLFERS LIVE BY AND DEMONSTRATE EVERY ROUND OF EVERY TOURNAMENT.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	65,657,722	37,646,598	32,709,824

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	TELEVISION & MEDIA	515100	44,041,479	40,329,562	3,711,917
b	TOURNAMENTS	711300	4,437,041	4,437,041
c	PROGRAM SPONSORSHIP	711300	47,813,076	47,813,076
d	PROF. TOURN. GOLF ACTIVITIES (VIA K-1)	711300	279,594,514	258,742,246	20,852,268
e	SANCTIONING FEE	711300	59,378,436	59,378,436
f	All other program service revenue.		1,772,390	1,627,487	144,903
g	Total. Add lines 2a–2f .....		437,036,936

3 Investment income (including dividends, interest, and othersimilar amounts) ......			157,256,915		13,801,891	143,455,024
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			29,321,469			29,321,469
			(i) Real	(ii) Personal
6a	Gross rents	6a	552,500
b	Less: rental expenses	6b	239,415
c	Rental income or (loss)	6c	313,085	0
d	Net rental income or (loss).......			313,085	19,885		99,928
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	996,402,478	-2,986,703
b	Less: cost or other basis and sales expenses	7b	857,504,150
c	Gain or (loss)	7c	138,898,328	-2,986,703
d	Net gain or (loss).........			135,911,624		2,404,083	133,507,541
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a	0
b	Less: direct expenses ...		8b	0
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	79,554
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			79,554	79,554

Business Code
11a	MEMBERSHIP DUES - NON CONTRIBUTION		711300	268,100	268,100
b	MISCELLANEOUS OTHER REVENUE		560000	419,723	351,314	68,409
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			687,823
12	Total revenue. See instructions.....			760,607,406	413,046,701	41,176,743	306,383,962

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	35,744,793
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	1,503,862	0
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	65,545,107
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	225,115
7	Other salaries and wages........	26,544,974
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	4,084,268
9	Other employee benefits .......	4,760,342
10	Payroll taxes ...........	3,020,754
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	2,088,555
c	Accounting ...........	393,190
d	Lobbying ...........	68,780
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	2,245,986
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	812,963,165
12	Advertising and promotion ....	1,481,004
13	Office expenses .......	1,649,306
14	Information technology ......	1,040,039
15	Royalties ..	0
16	Occupancy ...........	834,291
17	Travel ............	12,956,225
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	580,645
20	Interest ...........	9,172,665
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	2,864,042
23	Insurance ...	508,823
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	PLAYER RETIREMENT EARNINGS	152,008,161
b	BOARD DESIGNATED FUNDS	35,364,098
c	TV/PRODUCTION/BROADCAST	14,166,343
d	TOURNAMENT ALLOCATIONS	9,546,337
e	All other expenses	10,932,867
25	Total functional expenses. Add lines 1 through 24e	1,212,293,737	0
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 if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			30,750,651	1	102,956,554
2	Savings and temporary cash investments .........			125,862,041	2	182,048,293
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			37,446,631	4	4,586,586
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			90,270,231	7	0
8	Inventories for sale or use ............			300,420	8	0
9	Prepaid expenses and deferred charges ......			80,181,584	9	42,086
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	750,932
b	Less: accumulated depreciation	10b	703,483	335,360,680	10c	47,449
11	Investments—publicly traded securities .			2,363,196,214	11	381,540,448
12	Investments—other securities. See Part IV, line 11 .....			1,216,729,079	12	3,160,565,415
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			3,606,570	14	0
15	Other assets. See Part IV, line 11 ...........			55,601,806	15	31,466,642
16	Total assets. Add lines 1 through 15 (must equal line 33)...			4,339,305,907	16	3,863,253,473

17	Accounts payable and accrued expenses .....	267,156,064	17	106,969,308
18	Grants payable ...	0	18	0
19	Deferred revenue .........	396,703,348	19	1,386,709
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	143,921	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	576,581,630	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	1,868,773,667	25	2,168,580,538
26	Total liabilities. Add lines 17 through 25..	3,109,358,630	26	2,276,936,555

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	33,750	30	33,750
31	Retained earnings, endowment, accumulated income, or other funds	1,229,913,527	31	1,586,283,168
32	Total net assets or fund balances ...........	1,229,947,277	32	1,586,316,918
33	Total liabilities and net assets/fund balances ........	4,339,305,907	33	3,863,253,473

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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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) .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No