Tiger Woods Learning Center Foundation - DC

What it reported doing in 2009

TIGER WOODS LEARNING CENTER OVERVIEW The Tiger Woods Foundation opened two Tiger Woods Learning Center campuses in Washington, D.C., (TWLC-DC). The TWLC campus model was established through an extensive R&D process to determine the best expansion method. This flexible model allows TWF to operate a TWLC within a school or community center; to partner with an existing organization to provide unique curriculum; to provide staff training and mentoring; and/or incorporate technology stations on campus. The TWLC - DC campuses mark the first expansion of the Tiger Woods Learning Center, joining the flagship facility in Anaheim, Calif. The TWLCs provide hands-on experiences in science, technology, engineering and math coupled with college-prep workshops to create a unique environment focused on college and careers. The two TWLC-DC campuses are located at the Cesar Chavez Public Charter School (TWLC-Capitol Hill Campus) in Ward 6, and the Cesar Chavez Public Charter School (TWLC-Parkside Campus) in Ward 7. The TWLC -DC spaces and curriculum reflect the same educational philosophy and curriculum used at the Anaheim facility with an emphasis on tailoring program offerings to the young people in the local community. This model also provides students in multiple wards access to the TWLC's innovative programs and the latest technology. Students attending the TWLC-DC campuses experience a technology-rich, innovative and highly motivated environment that has been integral to the success of the Anaheim location. At the TWLC - Capitol Hill Campus, students in grades 9-12 can choose from 10 exciting career options. Thematic classes include Communications, Engineering, Video and Film Production, Robotics, Oceanography and Alternative energy. Featuring 24 workstations, the campus is equipped with the latest technology and provides the student body with seven-week sessions and classes that are integrated into the Cesar Chavez curriculum. On the weekend, this campus offers the Digital technology lab, a workshop series open to students throughout Washington, D.C., in grades 6-12. The TWLC - Parkside campus serves students with classes in Communications, Engineering, Video and Film Production, Robotics, Oceanography and alternative energy. These 14-week sessions serve students in grades 7-12. Since opening in October, the TWLC-DC campuses have provided exceptional educational experiences to the hundreds of students attending these two Cesar Chavez Public Charter schools. Since announcing its intention to build a Learning Center in D.C., the Foundation funded several multi-year studies and researched numerous locations to determine the most beneficial model for the D.C. community. During this research phase, the Foundation evaluated the effectiveness and viability of the campus model, in which the TWLC operates from a space within an existing school or community center. About the Tiger Woods Learning Center in Anaheim, Calif.: In February 2006, the Tiger Woods Foundation opened the first Learning Center in Orange County, Calif., which to date has served more than 45,000 young people through its innovative educational programs. Sample classes include forensic science, aerospace, engineering, robotics, biotechnology, video production and graphic design.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 60th 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 50%; rating input score 50; 10th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 70%; rating input score 98; 98th percentile among comparable filings
• Total-asset coverage ratio: 99.94; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 50.2%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited