Civic Intelligence

Pga Tour Charities Inc

EIN 59-2774423 • 501(c)3 • Ponte Vedra Beach, FL

Profile

PGA TOUR Charities, Inc. was established in 1986 for the purpose of generating funds for donations to support other qualified charitable organizations. PGA TOUR Charities, Inc. makes grants to support exempt organizations furthering the welfare and wellbeing of youth, and other charitable initiatives. Through the world of golf, the PGA TOUR drives positive impact at unprecedented levels to support and improve local communities.

1 Pga Tour BoulevardPonte Vedra Beach, FL 32082

pgatourcharities.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.06x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

50th percentile

4.3%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,452,785

Up $148,106 (+3.4%) from 2023

Liabilities

Up

$183,086

Up $11,457 (+6.7%) from 2023

Net Assets

Up

$4,269,699

Up $136,649 (+3.3%) from 2023

Revenue

Down

$3,327,867

Down $477,998 (-13%) from 2023

Expenses

Up

$3,185,657

Up $294,671 (+10%) from 2023

Net Income

Down

$142,210

Down $772,669 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $2,792,781Liabilities 2010: $47,560Net Assets 2010: $2,745,2212010Assets 2011: $4,042,586Liabilities 2011: $151,674Net Assets 2011: $3,890,9122011Assets 2012: $3,145,861Liabilities 2012: $558,994Net Assets 2012: $2,586,8672012Assets 2013: $4,221,017Liabilities 2013: $1,553,509Net Assets 2013: $2,667,5082013Assets 2014: $3,033,898Liabilities 2014: $153,710Net Assets 2014: $2,880,1882014Assets 2015: $4,512,397Liabilities 2015: $1,457,679Net Assets 2015: $3,054,7182015Assets 2016: $3,126,313Liabilities 2016: $35,545Net Assets 2016: $3,090,7682016Assets 2017: $7,623,624Liabilities 2017: $3,768,229Net Assets 2017: $3,855,3952017Assets 2018: $3,728,937Liabilities 2018: $1,626,757Net Assets 2018: $2,102,1802018Assets 2019: $8,268,045Liabilities 2019: $1,351,962Net Assets 2019: $6,916,0832019Assets 2020: $3,673,629Liabilities 2020: $600,880Net Assets 2020: $3,072,7492020Assets 2021: $3,965,513Liabilities 2021: $361,113Net Assets 2021: $3,604,4002021Assets 2022: $3,339,240Liabilities 2022: $110,285Net Assets 2022: $3,228,9552022Assets 2023: $4,304,679Liabilities 2023: $171,629Net Assets 2023: $4,133,0502023Assets 2024: $4,452,785Liabilities 2024: $183,086Net Assets 2024: $4,269,6992024

Highlighted filing

2024

Assets$4,452,785
Liabilities$183,086
Net Assets$4,269,699

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,453,5612010Expenses 2011: $4,772,1992011Expenses 2012: $8,707,4342012Revenue 2013: $4,218,800Expenses 2013: $4,138,159Net Income 2013: $80,6412013Revenue 2014: $4,493,373Expenses 2014: $4,280,693Net Income 2014: $212,6802014Revenue 2015: $4,852,205Expenses 2015: $4,677,675Net Income 2015: $174,5302015Revenue 2016: $5,632,907Expenses 2016: $5,596,857Net Income 2016: $36,0502016Revenue 2017: $7,229,296Expenses 2017: $6,464,668Net Income 2017: $764,6282017Revenue 2018: $3,127,294Expenses 2018: $3,823,906Net Income 2018: -$696,6122018Revenue 2019: $8,361,891Expenses 2019: $3,694,031Net Income 2019: $4,667,8602019Revenue 2020: $8,904,263Expenses 2020: $13,533,656Net Income 2020: -$4,629,3932020Revenue 2021: $4,568,205Expenses 2021: $4,088,489Net Income 2021: $479,7162021Revenue 2022: $2,679,209Expenses 2022: $3,101,138Net Income 2022: -$421,9292022Revenue 2023: $3,805,865Expenses 2023: $2,890,986Net Income 2023: $914,8792023Revenue 2024: $3,327,867Expenses 2024: $3,185,657Net Income 2024: $142,2102024

Highlighted filing

2024

Revenue$3,327,867
Expenses$3,185,657
Net Income$142,210

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.18$4.27$3.33$3.19$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.30$0.17$4.13$3.81$2.89$0.91
2022Detailed filing. Detailed filing data is available for this year.$3.34$0.11$3.23$2.68$3.10$0.42
2021Detailed filing. Detailed filing data is available for this year.$3.97$0.36$3.60$4.57$4.09$0.48
2020Detailed filing. Detailed filing data is available for this year.$3.67$0.60$3.07$8.90$13.5$4.63
2019Detailed filing. Detailed filing data is available for this year.$8.27$1.35$6.92$8.36$3.69$4.67
2018Detailed filing. Detailed filing data is available for this year.$3.73$1.63$2.10$3.13$3.82$0.70
2017Detailed filing. Detailed filing data is available for this year.$7.62$3.77$3.86$7.23$6.46$0.76
2016Detailed filing. Detailed filing data is available for this year.$3.13$0.04$3.09$5.63$5.60$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.51$1.46$3.05$4.85$4.68$0.17
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.15$2.88$4.49$4.28$0.21
2013Detailed filing. Detailed filing data is available for this year.$4.22$1.55$2.67$4.22$4.14$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$0.56$2.59$8.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$0.15$3.89$4.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.05$2.75$3.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$3,544,232
Mission and Program Overview

Mission

To raise funds to distribute to other charitable and educational organizations recognized under section 501(c)(3) of the i.r.c. And to provide junior golf clinics to children at no charge.

To raise funds to distribute to other charitable and educational organizations recognized under 501(c)(3) of the i.r.c. And provide charitable support to needy individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,583,879$2,729,356▲ $145,477
Land, Buildings, and Equipment, Net$1,700,800$1,700,800→ $0
Prepaid Expenses and Deferred Charges$20,000$20,170▲ $170
Pledges and Grants Receivable$0$2,459▲ $2,459
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,304,679$4,452,785▲ $148,106
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$168,264$182,829▲ $14,565
Accounts Payable and Accrued Expenses$3,365$257▼ $3,108
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$171,629$183,086▲ $11,457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,133,050$4,269,699▲ $136,649
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$4,133,050$4,269,699▲ $136,649
Total Liabilities and Net Assets / Fund Balance$4,304,679$4,452,785▲ $148,106

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,700,800-$1,700,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monahan Joseph WPresident/director
Sharkey Kenneth JFormer Vice President
Brown LeonardVice President
Shetty Neera MVice President
Price Ronald EVice President/director
Keller Allison WVice President/secretary
Madara Jay MVice President/treasurer
Herlihy Edward DDirector
Hoffman CharleyDirector
Lindert JohnDirector
Mcilroy RoryDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,203,398
Program Service Revenue
$0
Investment Income
$124,469
Other Revenue
$0
All Other Contributions
$2,573,763
Change in Net Assets
$142,210

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded18$216,365
Total Noncash Contributions18$216,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$412,774
Revenue Not Reported on Financial Statements
$2,915,093
Revenue Not Reported on Form 990
$119,086
Other Revenue Adjustments
$2,915,093
Total Revenue per Audited Statements
$531,860
Total Revenue per Form 990
$3,327,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,098,889
Other Expenses$86,768
Total Fundraising Expense$31,201
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,061,050--$3,061,050
Grants to Domestic Individuals$37,839--$37,839
Fees for Services Accounting-$24,110-$24,110
Office Expenses-$18,286-$18,286
Information Technology-$5,595-$5,595
Fees for Services Legal-$2,642-$2,642
Other Expenses-$242$10,000$242
Insurance-$55-$55
All Other Expenses-$33-$33
Total Functional Expenses$3,098,889$55,567$31,201$3,185,657

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,185,657
Expenses Not Reported on Financial Statements$2,909,532
Other Expense Adjustments$2,909,532
Total Expenses per Audited Statements$395,211
Expenses per Audited Statements$276,125
Expenses Not Reported on Form 990$119,086
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PGA Tour First Tee Foundation IncPonte Vedra Beach, FL501(c)(3)General Support$335,000
K9S For WarriorsPonte Vedra, FL501(c)(3)General Support$197,934
Grayson Murray Foundation IncGarner, NC501(c)(3)General Support$155,657
Mission GaitRichmond, VA501(c)(3)General Support$142,117
ATLAS PartnershipNorth Chesterfield, VA501(c)(3)General Support$135,649
The Richmond BalletRichmond, VA501(c)(3)General Support$117,598
Greater Richmond Aquatics PartnershipRichmond, VA501(c)(3)General Support$111,000
The Peavey ProjectHenrico, VA501(c)(3)General Support$108,969
World Pediatric ProjectRichmond, VA501(c)(3)General Support$102,585
Louisa Downtown Development CorporationLouisa, VA501(c)(3)General Support$79,185
Special Operations Warrior FoundationTampa, FL501(c)(3)General Support$70,081
YMCA of Greater RichmondRichmond, VA501(c)(3)General Support$65,755
Urban Hope IncRichmond, VA501(c)(3)General Support$65,191
Folds of Honor FoundationWasso, OK501(c)(3)General Support$64,725
Boys To Men Mentoring Network of VA IncRockville, VA501(c)(3)General Support$63,569
Riverside School IncNorth Chesterfield, VA501(c)(3)General Support$60,920
Medical College of Virginia FoundationRichmond, VA501(c)(3)General Support$56,184
Martha Mason Hill Memorial FoundationMitchellville, MD501(c)(3)General Support$52,416
VPM Media CorporationNorth Chesterfield, VA501(c)(3)General Support$46,870
The Tom Coughlin Jay Fund Foundation IncNew York, NY501(c)(3)General Support$44,607
St Joseph's VillaRichmond, VA501(c)(3)General Support$40,881
Operation ShowerSt Louis, MO501(c)(3)General Support$37,129
Boots To SuitsRichmond, VA501(c)(3)General Support$35,369
Bon Secours Mercy Health FoundationCincinnati, OH501(c)(3)General Support$34,300
First Coast Cultural Center IncPonte Vedra Beach, FL501(c)(3)General Support$33,265
Hanover Education FoundationAshland, VA501(c)(3)General Support$32,485
Military Warriors Support FoundationSan Antonio, TX501(c)(3)General Support$24,766
National Guard State Readiness CouncilTrenton, NJ501(c)(3)General Support$23,785
Virginia Deer Hunters Education & Habitat FoundatRichmond, VA501(c)(3)General Support$22,000
Henrico Firefighter FoundationGlen Allen, VA501(c)(3)General Support$21,530
The Autism Program of VirginiaRichmond, VA501(c)(3)General Support$20,374
Circles RVA IncRichmond, VA501(c)(3)General Support$19,363
Capital TreesRichmond, VA501(c)(3)General Support$18,430
Richmond Shakespeare's fka Quill TheatreRichmond, VA501(c)(3)General Support$17,531
Virginia Museum of History & CultureRichmond, VA501(c)(3)General Support$16,775
Hope at Hand IncJacksonville, FL501(c)(3)General Support$16,653
Start 1 SparkHenrico, VA501(c)(3)General Support$16,619
Troopster Donation CorpSandston, VA501(c)(3)General Support$15,824
HopeRVA IncMoseley, VA501(c)(3)General Support$15,112
Operation Patriots FOB IncOkatie, SC501(c)(3)General Support$15,000
I4stemNorth Chesterfield, VA501(c)(3)General Support$13,720
Emergency Shelter Inc dba HomeAgainRichmond, VA501(c)(3)General Support$13,411
Watermen's MuseumYorktown, VA501(c)(3)General Support$13,184
Metropolitan Richmond Sports Backers IncRichmond, VA501(c)(3)General Support$12,617
Home For Our TroopsTaunton, MA501(c)(3)General Support$12,601
Operation Homefront IncSan Antonio, TX501(c)(3)General Support$12,601
The Donna FoundationAtlantic Beach, FL501(c)(3)General Support$12,518
Children's Home Society of VirginiaRichmond, VA501(c)(3)General Support$12,150
Navy SEAL Foundation IncVirginia Beach, VA501(c)(3)General Support$11,951
The Junior League of Richmond VirginiaRichmond, VA501(c)(3)General Support$11,736
Virginia Museum of Fine Arts FoundationRichmond, VA501(c)(3)General Support$11,556
John Marshall FoundationRichmond, VA501(c)(3)General Support$10,845
Communities In Schools of ChesterfieldChesterfield, VA501(c)(3)General Support$10,024
Fairways for Warriors IncMinneola, FL501(c)(3)General Support$9,350
The Dogwood School IncRichmond, VA501(c)(3)General Support$9,299
Move United fka Disabled Sports USARockville, MD501(c)(3)General Support$8,497
Virginia Repertory TheatreRichmond, VA501(c)(3)General Support$8,255
Next 18Fox Point, WI501(c)(3)General Support$7,876
Apryle Showers Foundation IncPonte Vedra, FL501(c)(3)General Support$7,600
Beaches Emergency Assistance Ministry IncJacksonville Beach, FL501(c)(3)General Support$7,600
Bit of Faith Ranch IncPonte Vedra, FL501(c)(3)General Support$7,600
Mary Lourdes Saenz dba Sisters-in-ArmsPonte Vedra Beach, FL501(c)(3)General Support$7,600
Zellner Foundation for Military Vets IncJacksonville, FL501(c)(3)General Support$7,600
Greater Richmond Fit4Kids IncRichmond, VA501(c)(3)General Support$7,498
MaliVai Washington Kids Foundation IncJacksonville, FL501(c)(3)General Support$7,470
Richmond First TeeRichmond, VA501(c)(3)General Support$7,229
L Arche Jacksonville IncJacksonville, FL501(c)(3)General Support$6,931
The ValentineRichmond, VA501(c)(3)General Support$6,668
The Steward School CorporationRichmond, VA501(c)(3)General Support$6,600
Green Beret FoundationSan Antonio, TX501(c)(3)General Support$6,595
United Through ReadingSan Diego, CA501(c)(3)General Support$6,301
Hitting Cancer Below The Belt IncMidlothian, VA501(c)(3)General Support$6,231
St John's Church FoundationRichmond, VA501(c)(3)General Support$6,078
Church Schools of the Diocese of VirginiaTappahannock, VA501(c)(3)General Support$6,053
Lynnhaven AcademyRichmond, VA501(c)(3)General Support$5,606
Fellowship of Christian AthletesPonte Vedra Beach, FL501(c)(3)General Support$5,538
Coordinators 2 Inc dba C2AdoptRichmond, VA501(c)(3)General Support$5,507
Elk Hill Farm IncGoochland, VA501(c)(3)General Support$5,500
Leadership Metro Richmond IncRichmond, VA501(c)(3)General Support$5,446
Breakthrough T1D - Northern Florida ChapterHagerstown, MD501(c)(3)General Support$5,391
Latinos in Virginia Empowerment CenterNorth Chesterfield, VA501(c)(3)General Support$5,386
Virginia Mentoring PartnershipRichmond, VA501(c)(3)General Support$5,315
Beaches Area Historical Society IncJacksonville Beach, FL501(c)(3)General Support$5,253
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 2

Edward d. Herlihy, john lindert, joseph w. Monahan, ronald e. Price, leonard brown, allison w. Keller, neera m. Shetty, jay m. Madara - business relationship (board overlap)

Part VI, Line 11B

Pga tour charities, inc.'s form 990 was reviewed by pga tour charities, inc.'s chief financial officer/treasurer/vice president and by grant thornton advisors, llc, an independent third party accounting firm. The 990 return as filed with the irs was also mailed/emailed to the board of directors in november 2025 prior to filing.

Part VI, Line 12 A,B,C

Pga tour charities, inc. Maintains a conflict of interest policy for the members of the board of directors. Each member of the board is 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 member 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.

Part VI, Line 19

The organization makes its form 990 available to the public upon request, but its governing documents and financial statements are not made available to the general public.

Filing and Contact Details

Filer

Filer Name
Pga Tour Charities Inc
EIN
59-2774423
In Care Of
% JAY MADARA
Phone
9042853700
Address
1 PGA TOUR BOULEVARD, PONTE VEDRA BEACH, FL 32082

Signing Officer

Name
Jay Madara
Title
VP/treasurer
Phone
9042853700
Signed
2025-11-03

Organization Details

Principal Officer
Joseph W Monahan
Formed
1986
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

Part III, Line 1

PGA TOUR Charities, Inc. was established in 1986 for the purpose of generating funds for donations to support other qualified charitable organizations. PGA TOUR Charities, Inc. makes grants to support exempt organizations furthering the welfare and wellbeing of youth, provides charitable support to needy individuals, and supports other charitable initiatives. Through the world of golf, the PGA TOUR drives positive impact at unprecedented levels to support and improve local communities.

Part III, Line 2

At the end of 2023, pga tour charities, inc. Assumed the programs of three small charities with similar tax-exempt purposes. Professional caddies assistance foundation provides relief to poor, distressed, and underprivileged current and former professional golf caddies and their immediate families who need financial assistance because they have suffered financial hardship or who have suffered a catastrophic loss due to injury, illness, death, natural disaster, or act of terrorism. Pga tour charitable and educational fund supports other charitable organizations and aids distressed professional and amateur golfers. Pga tour employees emergency relief fund provides relief to poor, distressed, and underprivileged current and former employees of pga tour, inc. And its controlled subsidiaries and their immediate families who need financial assistance because they have suffered financial hardship or who have suffered a catastrophic loss due to injury, illness, death, natural disaster, or act of terrorism. The aforementioned charities' boards resolved to donate their net assets to pga tour charities, inc., dissolved their respective organizations, filed final forms 990, and pga tour charities, inc. Undertook the respective programs.

Part XI, Line 9

Net donor designations to other charities (5,561)

Financial Statement Notes

Schedule D Part V Line 2

PGA TOUR Charities, Inc. follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. PGA TOUR Charities, Inc. is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. PGA TOUR Charities, Inc. has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. PGA TOUR Charities, Inc. has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, PGA TOUR Charities, Inc. has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities.

Schedule D Part XI Line 4B

Donor Designations to Other Charities $2,915,092 Rounding Adjustment $1

Schedule D Part XII Line 4B

Donor Designations to Other Charities $2,909,531 Rounding Adjustment $1

Raw XML AppendixShowing 400 of 1,684 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO RAISE FUNDS TO DISTRIBUTE TO OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS RECOGNIZED UNDER 501(C)(3) OF THE I.R.C. AND PROVIDE CHARITABLE SUPPORT TO NEEDY INDIVIDUALS.
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IRS990/BooksInCareOfDetail/PhoneNum09042853700
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IRS990ScheduleD/RevenueSubtotalAmt0412774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PGA TOUR Charities, Inc. follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. PGA TOUR Charities, Inc. is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. PGA TOUR Charities, Inc. has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. PGA TOUR Charities, Inc. has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, PGA TOUR Charities, Inc. has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Donor Designations to Other Charities $2,915,092 Rounding Adjustment $1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Donor Designations to Other Charities $2,909,531 Rounding Adjustment $1

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