Pga Financial Assistance Fund Inc

“Form 990 is prepared by the tax department and then reviewed by the Senior Director, Tax & Section Finance and CFO prior to filing with the Internal Revenue Service.”

“All members of the Board of Directors receive a conflict of interest policy at the time they are elected to the Board, which is then updated annually. The conflict of interest policy requires Directors to avoid conflict situations. In the event a conflict arises, they are required to disclose the conflict to the other Directors so they can take appropriate action.”

“The organization has no employees of its own. The officers and top management officials are paid by a related company. For this related company, all employee compensation is determined based on comparability data and performance evaluations and the deliberation and decision process is contemporaneously substantiated. Certain positions may also be subject to review and approval by the board of directors with the assistance of independent consultants.”

“The organization makes its governing documents, policies, and financial statements available to the public upon request.”

“Lines 12, 13 and 14 - The Charity applies the written conflict of interest policy, written whistleblower policy and written document retention and destruction policy that have been adopted by its related organization, The Professional Golfers' Association of America. Line 15 - All compensation is being reported on the Charity's Form 990 as related compensation. The Charity's related organization, The Professional Golfers' Association of America, conducts the compensation review process described in Part VI, Line 15.”

“Compensation of more than $1,000,000 may be paid by a related organization, PGA Corporation (EIN 65-1101063) who files Form 4720 when applicable.”