Tiger Woods Foundation Inc.

“Form 990, part i, line 1 designed to break through a culture of low expectations, twf's college-access programs reach underserved youth in all stages of academic-life. The tiger woods foundation ("twf") has a simple, universal vision: to help students in need thrive in school, their communiites and the working world. Designed to equip students with the ability to exceed any and all expectations, twf's college-access programs reach underserved youth in all stages of academic life. 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 within the forensic science class, our junior crime solvers learn real-world techniques, including fingerprinting, dna analysis and chromatography. The budding biologists enrolled in our marine science class take a deep dive to the bottom of the sea to explore oceanic regions, get their hands dirty with a squid dissection, analyze sand samples and learn about marine-life classifications. Educators also benefit from our unique stem professional development program. This week-long training equips educators with a new arsenal of standards-aligned, grade-specific stem lessons that can be implemented in their own classrooms. Our school day program operates at our flagship location in southern california. The foundation has served nearly 53,600 students through its school day programs, including 3,600 this year. Expanded learning implementing two key strategies, the tgr learning lab offers expanded learning programs to unleash the full capacity of underrepresented middle and high school students. First, we strive to foster a growth mindset within every student that walks through our doors. Our top priority is to build strong relationships with our kids, encouraging them to challenge themselves and build self-confidence. It is our philosophy that the path to greatness begins when students believe in their own ability to succeed. Second, we connect school and career, preparing students for today's jobs and the ones that don't exist yet. With over 50 areas of study within stem-related fields, our classes offer students hands-on learning experiences, allowing them to recognize their potential and identify their interests with a future career in mind. Utilizing state-of-the-art technology and project-based learning, students take classes in a variety of disciplines, including: video game design, coding, rocketry, robotics, civil engineering, urban planning and wearable electronics. To help students gain information on post-secondary educational options, we provide over 30 college-access and financial aid workshops annually. By offering students experiences that far surpass what is offered in a traditional classroom setting, we strive to provide them with tools for success while cultivating their aspirations for higher education and a career. Our expanded learning opportunities span across the nation, with satellite programs in washington, d.c., south florida, philadelphia, new york, mcb quantico and our flagship location in southern california. The foundation has served nearly 26,600 students through its expanded learning programs, including 1,600 this year. College access our college-access program provides workshops, group sessions and presentations on topics ranging from writing a personal statement and making a college list to understanding financial aid and finding scholarships, designed to help all students, especially low-income and first-generation students, plan a roadmap to college. Our college recruitment events bring dozens of colleges and universities to the tgr learning lab, allowing students to meet face-to-face with representatives. Our college-access program also provides engagement with parents to teach them how to advocate for their child's educational success, scholarships which allow tgr learning lab students to experience real university life for a portion of their summer and act and sat preparation courses. Reaching students and families across the nation, our college-access programming can be found in communities within washington, d.c., south florida, mcb quantico and southern california. The foundation has served nearly 14,000 students and families through its college access programs, including 2,000 this year. Summer we believe that students can and should learn everyday - summer is no exception. Without the structure of the school day, it's easy for kids to lose motivation and momentum. This is why the tgr learning lab continues to offer interactive, career-focused experi”

“Before beginning their first year of college, all incoming scholars are welcomed into the program through the pre-college retreat, which covers a series of topics that help prepare students for college life. One of the program's staples is the winter workshop, held annually at the flagship tgr learning lab in anaheim, california. Over the course of the three-day event, scholars from around the country participate in informative workshops that include resume writing, interview training, graduate school and human resources preparation, industry panels and networking events. Along with workshops, this particular event honors our graduating scholars with a special luncheon to celebrate their accomplishments with family, mentors and fellow scholars. The cornerstone of the earl woods scholar program is its mentor network. These valuable relationships are life-changing for the scholars, many of whom are first-generation students with little or no practical guidance on college life and career planning. Each earl woods scholar is partnered with a dedicated mentor who serves as an advocate, career coach, personal advisor and role model throughout their college experience. The mentors provide their scholar with advice and resources needed to help them succeed within their chosen degree and develop skills necessary for their professional career. An emphasis on real-life work and cultural experiences are highly encouraged among the earl woods scholars as an avenue to build power skills, prepare for the workplace and foster knowledge of a specialized career. Through professional enrichment opportunities, such as job shadowing, internships, fellowships and study abroad, the program provides valuable resources and information that assists scholars in building their resume as they pursue their career aspirations. The earl woods scholar program supports its scholars beyond obtaining a college degree. To ensure each scholar has a clear and focused exit strategy upon graduation, we help create a personalized career plan that supports their definition of success. Early in their college career, we integrate key elements, such as self-assessments, career exploration, decision making and action steps that contribute to the next stages of their career paths. Starting in their third year of college, scholars engage in monthly coaching calls to develop practical skills and create strategies tailored to their individual needs. This is a crucial component of the program that helps each scholar navigate entry into the workforce or graduate school. Scholars are awarded a four-year renewable scholarship with educational resources summing up to a total of $25,000. The foundation has provided scholarships to over 218 individuals, including 113 in the current year.”

“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.”

“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.”

“Form 990, part xi, line 9 unrealized gain on interest rate swap 580,238 ----------- total 580,238”

“Description:education consultants total fees:1473010”

“Description:business staff services total fees:233702”

“Description:commissions total fees:220000”

“Description:other fees total fees:61388”

“Description:research study total fees:25000”

“Description:professional development total fees:20809”