Tiger Woods Foundation Inc.

“Form 990, part iii, line 1 the groundbreaking tiger woods learning center ("twlc") in orange county, ca; washington, d.c.; philadelphia, pa; quantico, va and stuart, fl; and the earl woods scholarship program provides a wealth of educational opportunities to young people nationwide. Twlc's operate school facilities that maintain regular faculty, curriculum, and have a regularly enrolled student body of students in attendance, within the meaning of section 170(b)(1)(a)(ii) of the code.”

“Form 990, part iii, line 4a, continued building on these tenets, the tiger woods learning center has integrated research on what young people need to become healthy and thriving adults. The program supports 15,000 unique students per year. Curriculum offered: - career orientation program: elementary school - week-long student/teacher enrichment during school day. Student curriculum focused on forensic science/marine science. Teacher professional development - standards-based science, and technology integration. - career exploration program: middle/high school after-school enrichment: over 50 stem focused modules. Examples include: biotechnology, engineering, robotics, video production, video game design, nutrition/fitness, entrepreneurship and aerospace. Twlc-expansion: in 2008, the tiger woods foundation launched its first expansion twlc campus in washington, dc in partnership with a local charter school. Two additional campuses were added in philadelphia, pa and stuart, fl the following year to provide youth with authentic learning experiences in one or more twlc signature programs focused on science, technology, engineering and math (stem) career exploration and college preparation. A second campus was opened in philadelphia, pa in 2013 at the cristo rey philadelphia high school. A campus was also developed in cooperation with marine corps community services at mcb-quantico. In 2014, twf provided limited program support a robotics program at achievement first, university prep high school in new york, ny. Twlc campus students have access to state-of-the-art technology and learn how to use tools vital to workplace productivity in the 21st century. All expansion locations are supported with ongoing training, curriculum materials, resource support and funding. Campus model 1 - washington, dc - cesar chavez charter school twlc maintains two dc locations in partnership with the cesar chavez public charter school for public policy. Patterned after the twlc flagship, the campus model 1 is provided dedicated space at two chavez schools, one on capitol hill (grades 9-12) and the other in the kenilworth neighborhood (grades 6-8 and 9-12). Twf staff serves over 1,000 students annually in onsite and outreach programs where students can earn high school credit. Curriculum offered: - capitol hill: high school students - after school enrichment: communications, video game design, college access, and filmmaking; school day elective course: robotics and video journalism - parkside: middle school students - after school enrichment: going green in science and engineering; first lego league robotics club; graphic design, video game design - school day elective course: high school robotics - stem career conference - saturday hands-on workshop for middle/high school students from the dc metro area. Specific focus on career exploration for students and college preparation for families - summer day classes: open to students throughout dc metro area - one-week content intensive workshops. Examples include: twlc curriculum in forensic science, intro to computer programming, astronomy, video game design, communications, rocketry and video production campus model 2 - philadelphia, pa; stuart, fl a second expansion model involves twf providing funding and program resources to local schools and/or community based organizations assisting with the set-up of a twlc-branded environment within one classroom or designated space. Funding covers curriculum, facility infrastructure and supports a dedicated professional development and evaluation program, which includes specialized training at the flagship facility in anaheim. Key components to identifying an academic partner include: research on local demographics, school performance on state/national assessments, and a shared commitment to developing a collaborative relationship where both twf and the local entity can learn and grow together. In this model site-based staff administers the program while twf progr”

“Funding tuition is just one of the many hurdles facing first-generation college students. Many are leaving home for the first time, attempting to juggle work and class while scraping together enough money for books and other supplies. More than 90% of our scholars are first-generation college students, navigating through college on their own. Ews is an incredible support network that includes admissions counseling, dedicated mentors, specialized internships, financial assistance, professional workshops, and career development services for each scholar accepted into the program. Workshops include resume-writing, mock interviews, information about graduate school and beginning the career search. It is important to underscore that scholars receive twf financial assistance for tuition, books, and travel home as well as for twf workshops and winter clothing. Another aspect of the ews are pre-college workshops designed to get young people to understand that it is not too early to start thinking about college and the benefits of a college education. The workshops are designed to help students finish high school prepared for postsecondary education and with a clear idea on how to best approach the application process and secure financial aid. The program also engages parents with information regarding the process their students are going through during middle and high school, and how to be advocates for their students' educational success. This college access program is offered for free to students and their families who are interested in higher education and helps inform them of its importance and affordability.”

“Twlc offers various community outreach programs, including town hall meetings, guest speakers, and college preparation workshops for families and students throughout southern california. College access programs include: for middle/high school students and families, the twf offers workshops on navigating the college application process and financial aid; college admissions interviews and information sessions for top universities nationwide (brown, harvard, yale, georgetown, franklin & marshall, reed and more); and a pre-college bootcamp for high school seniors. Stem career conference - saturday hands-on workshop for middle/high school students from the dc metro area with a specific focus on stem career and college preparation for families.”

“Form 990, part vi, line 7a the organization has a sole member. The member's class is nonvoting. The member elects and designates the board of governors. All corporate powers are managed under the direction of the board of governors.”

“Form 990, part vi, line 11 the board of governors has delegated the review of the form 990 to the audit committee. The organization's executive staff works closely with the outside accounting firm it engages to review the return; and the final draft of form 990 is also reviewed by the treasurer/cfo prior to providing the draft to the audit committee. In addition to consulting with the treasurer/cfo and executive staff, the audit committee also meets with the 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. Its oversight of the form 990 and the final draft is provided to the entire board before the return is filed.”

“Form 990, part vi, line 12c pursuant to the conflict of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationship transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she: (1) has received a copy of the conflict of interest policy; (2) has read the policy and understands said policy; and (3) agrees to comply with all requirements of the policy, including completing the conflict of interest questionnaire. The procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the board; (2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (4) alternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained; (5) any conflicting issues during the course of a board meeting that cannot be resolved is referred to the governance committee; and (6) the transaction or action must be approved by a majority of disinterested persons.”

“FORM 990, PART VI, LINE 15a THE BOARD APPOINTS A COMPENSATION COMMITTEE, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, TO BE ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES FOR THE CEO. THE COMPENSATION COMMITTEE DEVELOPS, CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA 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 PACKAGE. APPROPRIATE COMPARABILITY DATA IS OBTAINED FROM AN INDEPENDENT EXPERT (I.E., TOTAL ECONOMIC BENEFITS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT) FOR SIMILAR JOB RESPONSIBILITIES. THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION ANNUALLY. INCENTIVE COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR BASED ON THE EMPLOYEE'S PERFORMANCE AGAINST STATED GOALS FOR THAT YEAR. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); 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.”

“Form 990, part vi, line 15b the foundation follows the same process for determining compensation packages for other officers and key employees as it does for the ceo.”

“Form 990, part vi, line 19 while federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its audited financial statements that were prepared in accordance with generally accepted accounting principles (gaap) available upon request.”

“Compensated Employees, and Independent Contractors FORM 990, Part VII Although the new President/CEO, Rick Singer, joined the Foundation during June 2014, no compensation is reported on the 2013 Form 990 since he did not receive a W-2 for that tax year.”

“Form 990, part xi, line 9 unrealized loss on interest rate swap (78,235) prior year grant refunds 7,565 uncollectible pledge writeoffs (247,793) prior year contribution refund (100,000) --------- total (418,463)”