Tiger Woods Charity Event Corporation

“Members of the organization the organization has a sole member, the tiger woods foundation. The member's class is nonvoting. The member elects and designates the board of governors. All corporate powers are managed under the direction of the board of governors.”

“Process for review of form 990 the board of governors has delegated the review of the form 990 to the audit committee. The organization's executive staff works closely with the outside accounting firm it engages to review the return; and the final draft of form 990 is also reviewed by the treasurer/cfo prior to providing the draft to the audit committee. In addition to consulting with the treasurer/cfo and executive staff, the audit committee also meets with the accounting firm hired to prepare the form 990. Subsequent to its review, the audit committee reports back to the board regarding its oversight of the form 990 and the final draft is provided to the entire board before the return is filed.”

“Conflict of interest policy pursuant to the conflict-of-interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationship transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she: (1) has received a copy of the conflict of interest policy;(2) has read the policy and understands said policy; and (3) agrees to comply with all requirements of the policy, including completing the conflict of interest questionnaire. The procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the board; (2)the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (4) alternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained; (5) any conflicting issues during the course of a board meeting which cannot be resolved is referred to the executive committee; and (6) the transaction or action must be approved by a majority of disinterested persons.”

“Compensation determination process the board appoints a compensation committee, none of which have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer or key employee, including the ceo. The compensation committee develops, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for officers and key employees. The compensation committee also hires a qualified independent compensation and benefits specialist (independent expert) to review, analyze and provide benchmarking data for the total compensation and benefits packages of officers and key employees. Appropriate comparability data is obtained from the independent experts, (i.e., total economic benefits paid by similarly situated organizations, both taxable and tax-exempt) for similar job responsibilities. The committee's written records include the (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); and (2) a description of the comparable data relied on by the committee. Key deliberations of the committee, including: (a) the terms of the transaction that was approved and the date it was approved; (b) the members of the authorized body who were present during debate on the transaction that was approved and those who voted on it; (c) the comparability data obtained and relied upon by the authorized body and how the data was obtained; and (d) any actions taken with respect to consideration of the transaction by anyone who is otherwise a member of the authorized body but who had a conflict of interest with respect to the transaction are also documented in minutes, which are approved at the next committee meeting. Compensation determination process (other officers or key employees) the compensation review and approval process for other officers and key employees is the same as for the ceo.”

“Availability of documents while federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its audited financial statements that were prepared in accordance with generally accepted accounting principles (gaap) available upon request.”

“Program service accomplishments tgr jr invitational 2023 the second-annual tgr jr invitational presented by taylormade took place october 7-9, 2023. Held at pebble beach resorts, the event brought together a diverse group of young golfers ages 10 to 18. 30 boys and 30 girls competed in the event which featured three qualifying rounds at the hay on sunday, followed by championship and consolation matches at the links at spanish bay on monday. The junior golfers were treated to an evening they will never forgot on sunday, as tiger woods and taylormade ceo david abeles took part in a q&a panel at the event's evening function. Tiger woods invitational 2023 in the twelfth edition of the tiger woods invitational presented by usli, a full field of 120 golfers participated in the three-day event from october 9-11, 2023. Tiger woods was joined by max homa for an exhibition on monday at monterey peninsula country club. Tuesday included golf at pebble beach golf links and an evening event on the eighteenth green featuring glow golf. Wednesday's final round took place at spyglass hill golf course, closing out the three-day fundraising event in support of the tgr foundation. Hero world challenge 2023 the hero world challenge returned to albany, bahamas, from november 27 - december 3, 2023, with thousands of fans in attendance. The tournament featured 20 of the pga tour's top players, with world number one scottie scheffler emerging victorious. The event included a pro-am tournament for sponsors and guests, as well as evening functions, all in support of the tgr foundation. Genesis invitational 2024 the 2024 genesis invitational held february 12-18, 2024, featured a historic final round from champion hideki matsuyama. It was the lowest closing round at riviera in tournament history. The week was marked with tens of thousands of fans in attendance in the first year of the limited field event with only 72 players competing. All event proceeds from ticket and hospitality sales, pro-ams and auctions raised funds for the tgr foundation. Tiger jam 2024 held may 31 june 1, 2024, tiger jam presented by draftkings was held at aria resort and shadow creek golf course in las vegas. The two-day golf event featured a charity poker event in partnership with the world poker tour and musical entertainment by maroon 5. Tgr foundation students spoke about their experience, highlighting to guests the impact the foundation is making on the lives of youth. Guests enjoy a lively atmosphere with curated experiences, reception & gourmet dining, and a charity auction which benefits the tgr foundation. Nexus cup 2024 hosted by tiger woods, the fifth annual nexus cup was held september 9-10, 2024. The exclusive 72-player amateur team golf event featured two days of team match play with special guest appearances by pga tour pros rickie fowler, will zalatoris, lucas glover and colt knost. Proceeds from the event support students through tgr foundation's education programs.”

“Audit of financial statements by independent accountant the tiger woods charity event corporation's financial statements were included in the consolidated audited financial statements of the tiger woods foundation inc., and affiliates. The consolidated audited financial statements were audited by kpmg, an independent accounting firm, and were prepared according to gaap.”