Civic Intelligence

Pga Tour Charities Inc.

990 • Fiscal year 2013 • EIN 59-2774423

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

Organization Profiletogether.pgatour.com; birdiesforthebrave.org
100 Pga Tour BoulevardSuite32082

(904) 285-3700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.37x

Higher debt load relative to assets than 71% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

72nd percentile

0.37x

Higher debt load relative to revenue than 72% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

48th percentile

1.9%

Higher net margin than 48% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

100th percentile

$6,474,087

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 153.5% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

89th percentile

34%

Faster asset growth than 89% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$4,221,017

Up $1,075,156 (+34%) from 2012

Net Assets

Up

$2,667,508

Up $80,641 (+3.1%) from 2012

Liabilities

Up

$1,553,509

Up $994,515 (+178%) from 2012

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin48th percentile

Revenue

$4,218,800

No earlier filing loaded for comparison.

Expenses

Down

$4,138,159

Down $4,569,275 (-52%) from 2012

Net Income

$80,641

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$4,221,017
Liabilities$1,553,509
Net Assets$2,667,508
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$4,218,800
Expenses$4,138,159
Net Income$80,641
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$4,218,800
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) and to provide junior golf clinics to children at no charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$698,550$2,807,005▲ $2,108,455
Savings and Temporary Cash Investments$2,433,395$1,409,577▼ $1,023,818
Prepaid Expenses and Deferred Charges$11,549$3,806▼ $7,743
Land, Buildings, and Equipment, Net$2,367$592▼ $1,775
Accounts Receivable$0$37▲ $37
Cash and Non-Interest-Bearing Accounts$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$3,145,861$4,221,017▲ $1,075,156
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$265,772$1,553,509▲ $1,287,737
Grants Payable$292,147$0▼ $292,147
Deferred Revenue$1,000$0▼ $1,000
Other Liabilities$75$0▼ $75
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$558,994$1,553,509▲ $994,515
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,361,103$1,382,925▲ $21,822
Unrestricted Net Assets$1,225,764$1,284,583▲ $58,819
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,586,867$2,667,508▲ $80,641
Total Liabilities and Net Assets / Fund Balance$3,145,861$4,221,017▲ $1,075,156

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$592$4,733$5,325
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Harrison FrazarDirector$21,000$21,000

Board Members and Trustees

NameTitle
Timothy W FinchemPresident/director
Leonard D Brown JrFormer Vice President
Charles ZinkVice President/director
Edward L MoorhouseVice President/director
Steve C StrickerDirector
Ted BishopDirector
Victor F GanziDirector
Ronald E PriceVP/Chief Financial Officer/Tre
Richard D AndersonVP/Chief Legal Officer/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$4,218,772
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$0
All Other Contributions
$1,671,608
Change in Net Assets
$80,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,218,800
Total Revenue per Audited Statements
$4,218,800
Total Revenue per Form 990
$4,218,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,004,739
Other Expenses$133,420
Total Fundraising Expense$6,936
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,004,685--$4,004,685
Information Technology$50,379--$50,379
Fees for Services Accounting-$16,340-$16,340
Other Expenses$58,316$950$1,927$2,877
Depreciation Depletion--$1,775$1,775
Office Expenses-$341-$341
Insurance-$158-$158
Foreign Grants$54--$54
Total Functional Expenses$4,113,434$17,789$6,936$4,138,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,138,159
Total Expenses per Audited Statements$4,138,159
Total Expenses per Form 990$4,138,159
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
27-1206961-501(c)3General Support$290,261
20-8742203-501(c)3General Support$236,633
59-2748591-501(c)3General Support$225,000
35-2310909-501(c)3General Support$215,089
32-0033325-501(c)3General Support$192,399
52-1183585-501(c)3General Support$167,396
54-2143612-501(c)3General Support$156,092
20-3565192-501(c)3General Support$150,098
26-1175108-501(c)3General Support$150,050
45-3601700-501(c)3General Support$150,000
45-2188909-501(c)3General Support$150,000
80-6229504-501(c)3General Support$150,000
46-0930746-501(c)3General Support$150,000
20-2370934-501(c)3General Support$122,419
20-2920597-501(c)3General Support$100,000
58-1093060-501(c)3General Support$100,000
59-2998925-501(c)3General Support$100,000
58-1826782-501(c)3General Support$80,000
63-0590762-501(c)3General Support$79,710
27-2683100-501(c)3General Support$70,000
80-0569639-501(c)3General Support$62,880
46-2547157-501(c)3General Support$55,124
63-6105376-501(c)3General Support$52,932
80-0433837-501(c)3General Support$50,226
20-1579326-501(c)3General Support$50,000
59-2625008-501(c)3General Support$50,000
58-0909235-501(c)3General Support$50,000
59-1357353-501(c)3General Support$49,354
86-1106535-501(c)3General Support$38,187
59-2880071-501(c)3General Support$30,944
45-2482119-501(c)3General Support$30,000
58-0622514-501(c)3General Support$25,000
45-4491739-501(c)3General Support$25,000
59-3426937-501(c)3General Support$23,913
27-5219467-501(c)3General Support$22,213
59-1319010-501(c)3General Support$22,078
63-1186984-501(c)3General Support$20,429
63-1207098-501(c)3General Support$20,325
63-1175281-501(c)3General Support$20,105
63-0509822-501(c)3General Support$15,996
23-1907729-501(c)3General Support$14,395
63-0307306-501(c)3General Support$14,006
23-7126914-501(c)3General Support$12,258
59-1052424-501(c)3General Support$11,167
63-0376518-501(c)3General Support$10,322
59-2314251-501(c)3General Support$10,000
58-2020321-501(c)3General Support$9,671
23-7168438-501(c)3General Support$7,895
59-0637829-501(c)3General Support$7,158
63-0899081-501(c)3General Support$6,953
59-3179894-501(c)3General Support$6,869
59-0683256-501(c)3General Support$6,317
20-2632111-501(c)3General Support$6,039
13-5613797-501(c)3General Support$5,409
59-0624438-501(c)3General Support$5,393
59-3108041-501(c)3General Support$5,303
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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 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

“Charles l. Zink, steve c. Stricker, edward l. Moorhouse, harrison frazar, timothy w. Finchem, victor f. Ganzi, ted bishop - business relationship”

Part VI, Line 2

“Charles l. Zink, steve c. Stricker, edward l. Moorhouse, richard d. Anderson, ronald e. Price, harrison frazar, timothy w. Finchem, victor f. Ganzi, ted bishop - business relationship”

Part VI, Line 2

“Charles l. Zink, edward l. Moorhouse, richard d. Anderson, ronald e. Price, timothy w. Finchem - business relationship”

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. Additionally, a copy of form 990 was provided to all board members prior to the filing of the form with the internal revenue service.”

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

EIN
59-2774423
In Care Of
% JEANNE LIGHTCAP
Phone
9042853700

Signing Officer

Name
Ronald E Price
Title
VP/fin Officer/treas
Signed
2014-11-14

Organization Details

Principal Officer
Timothy W Finchem
Formed
1986
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
2
Employees
0
Volunteers
147

Preparer

Preparer
Karrie Hebert
Raw XML AppendixShowing 400 of 1,785 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/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP/Chief Financial Officer/Tre
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP/Chief Legal Officer/Sec
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03806
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IRS990/ProgSrvcAccomActy2Grp/Desc0PGA TOUR Charities, INC. ("Charities"), as part of this program service, provides to school age youth around the United States instruction and training in the game of golf. As part of this educational opportunity, "Charities" provides Junior Golf Clinics to the area youth at no charge or cost to their families. The "Charities" clinics host various workshops and lessons to teach the youth about the game of golf, and about the core values that golf has to offer including integrity, honesty, and sportsmanship. In 2013, "Charities" was able to provide this opportunity to over 2,000 children under the age of 18.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PGA Tour Charities, Inc. has created a website to further its exempt purpose of charitable giving. This purpose is achieved by providing information to users about the charitable endeavors of the PGA TOUR, Champions Tour, Web.com Tour and its players. PGA TOUR Charities raises funds via this website to distribute to other charitable and educational organizations by allowing users, players, volunteers, and fans of the PGA TOUR, Champions Tour, and Web.com Tour to contribute money online to this charitable purpose.
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02433395
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Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,221,017
Liabilities
$1,553,509
Net assets
$2,667,508
Revenue
$4,218,800
Expenses
$4,138,159
Net income
$80,641
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