Pga Tour Charities Inc

Nonprofit profile at a glance

EIN
592774423
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Ponte Vedra Beach, FL, USA
Phone
9042853700
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$3,327,867
Expenses
$3,185,657
Assets
$4,452,785
Liabilities
$183,086

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MONAHAN JOSEPH W (PRESIDENT/DIRECTOR)
  • PRICE RONALD E (VICE PRESIDENT/DIRECTOR)
  • BROWN LEONARD (VICE PRESIDENT)
  • KELLER ALLISON W (VICE PRESIDENT/SECRETARY)
  • SHETTY NEERA M (VICE PRESIDENT)
  • MADARA JAY M (VICE PRESIDENT/TREASURER)

Highest reported compensation

  • MCILROY RORY (DIRECTOR): $40,109,999 total reported compensation
  • MONAHAN JOSEPH W (PRESIDENT/DIRECTOR): $19,227,851 total reported compensation
  • PRICE RONALD E (VICE PRESIDENT/DIRECTOR): $13,219,345 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

Pga tour charities, inc. Was created to solicit funds for the benefit of exempt organizations with an educational and/or a charitable mission. Pga tour charities, inc. Accomplishes its charitable mission by conducting direct contribution solicitations and fund-raising initiatives, as well as providing charitable support to needy individuals. Pga tour charities, inc. Also makes grants to support exempt organizatons that focus on connecting military service members and their families to homefront groups that provide assistance to them, furthering the welfare and wellbeing of youth, and other worthy charitable initiatives. 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.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 67
  • Accountability: 56
  • Sustainability: 46
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.4%; rating input score 93
  • Program expense ratio: 97.3%; rating input score 97
  • Fundraising efficiency: $102.67 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.3%; rating input score 95; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 7th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Missing
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 1.4; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 418.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 93.4% of revenue deployed · 97.3% of spending went to programs
  • Governance: 2 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.1M in reported program spending
  • Leadership: top reported pay $40.1M · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 83 filed money-flow records
  • Related organizations: 104 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.