World Golf Foundation Inc

Nonprofit profile at a glance

EIN
592998925
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Ponte Vedra Beach, FL, USA
Phone
9049404000
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$-3,259,947
Expenses
$6,788,017
Assets
$9,141,095
Liabilities
$1,311,535

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

Leadership & pay

14 people listed

Executive titles in this filing

  • GREGORY T MCLAUGHLIN (PRESIDENT/CEO)

Highest reported compensation

  • GREGORY T MCLAUGHLIN (PRESIDENT/CEO): $398,202 total reported compensation
  • HERB CAIN (FACILITIES DIR (THRU 06/30)): $198,099 total reported compensation
  • ANDREW YEAST (SR. DIR., INDUSTRY ENGAGEMENT): $135,479 total reported compensation

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

Overview

Mission

To unite the golf industry around initiatives that promote, enhance the growth of and provide access to the game worldwide, while preserving golf's traditional values and passing them on to others. It accomplishes its mission through: 1. American golf industry coalition unites and activates the golf industry around key strategic initiatives that increase participation and retention of participants, inspire involvement and interest in the game, and promote sustainable best practices for golf facilities. Further, the coalition renders support and assistance by means of contributions and grants to exempt organizations established to diversify the sport of golf and support environmental and sustainability initiatives. 2. World golf hall of fame celebrates golf and preserves the legacies of those who have made it great.

What it reported doing in 2024

The American Golf Industry Coalition's mission is to unite and activate the golf industry around key strategic initiatives that increase participation and retention of participants, inspire involvement and interest in the game, and promote the sustainable best practices for golf facilities. One of American Golf Industry Coalition's major initiatives has been a comprehensive analysis of golf's significant contributions to the U.S. economy. American Golf Industry Coalition, working in conjunction with research partners, has provided detailed snapshots of golf's role in underpinning a healthy economy at both the state and national levels. The most recent report, the 2022 Golf Economy Report, measured golf's direct economic contributions in the U.S. at $101.7 billion, and found that the industry has impacted 1.65 million jobs with total wage income of $80.1 billion. Efforts are also ongoing to quantify golf's impact at the state level. American Golf Industry Coalition also serves to unite and strengthen inclusion practices across golf participation, workforce and procurement. Under the brand 'Make Golf Your Thing,' programs include grants to grassroot organizations, activations at historically black colleges and universities, and marketing to build awareness for industry jobs, all of which ensure the future of golf is open to everyone. This multi-faceted, multi-year campaign will work to invite more people to the sport from all backgrounds to enjoy the game of a lifetime - their way.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.5%; rating input score 83
  • Fundraising efficiency: $13.49 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 26th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 69.3%; rating input score 69; 48th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -308.2%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 13.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -9.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: -6.8% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.6M in reported program spending
  • Leadership: top reported pay $398K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 9 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: 43 filed money-flow records
  • Related organizations: 38 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.

  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.