World Golf Foundation Inc

Organization Overview

World Golf Foundation Inc is located in St Augustine, FL. The organization was established in 1991. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, World Golf Foundation Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Golf Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, World Golf Foundation Inc generated $15.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $77.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, World Golf Foundation Inc has awarded 991 individual grants totaling $113,017,277. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO UNITE THE GOLF INDUSTRY AROUND INITIATIVES THAT PROMOTE, ENHANCE THE GROWTH OF, AND PROVIDE ACCESS TO THE GAME WORLDWIDE. (SEE ATTACHMENT 1 FOR FULL MISSION STATEMENT).

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORLD GOLF FOUNDATION, INC. (THE "FOUNDATION"), WHICH IS SUPPORTED BY MAJOR INTERNATIONAL GOLF ORGANIZATIONS AND PROFESSIONAL TOURS, OVERSEES THE WORLD GOLF HALL OF FAME & MUSEUM (4A), AMERICAN GOLF INDUSTRY COALITION (4B) AND OTHER NONPROFIT COMPONENTS. THE FOUNDATION HAS A DUAL MISSION. THE MISSION OF THE FOUNDATION IS TO PRESERVE THE HISTORY OF THE GAME AND THE LEGACIES OF THOSE WHO HAVE MADE IT GREAT AND TO CREATE ENTERTAINING AND EDUCATIONAL EXHIBITS FOR THE ENJOYMENT OF THE GENERAL PUBLIC. THESE ELEMENTS OF THE FOUNDATION WORK TOGETHER TO PROMOTE GROWTH OF THE GAME OF GOLF AMONG ADULTS, YOUTH, AND MINORITIES AS WELL AS IN THE GOLF INDUSTRY. THE FOUNDATION IS SUPPORTED BY MAJOR GOLF ORGANIZATIONS AND PROFESSIONAL TOURS THROUGHOUT THE WORLD INCLUDING: AMERICAN JUNIOR GOLF ASSOCIATION AMERICAN SOCIETY OF GOLF COURSE ARCHITECTS ASIAN TOUR CLUB MANAGERS ASSOCIATION OF AMERICA GOLF CANADA GOLF COURSE BUILDERS ASSOCIATION OF AMERICA GOLF COURSE SUPERINTENDENTS ASSOCIATION OF AMERICA GOLF WRITERS ASSOCIATION OF AMERICA INTERNATIONAL ASSOCIATION OF GOLF ADMINISTRATORS JAPAN GOLF TOUR ORGANIZATION KORN FERRY TOUR LADIES PROFESSIONAL GOLF ASSOCIATION NATIONAL GOLF COURSE OWNERS ASSOCIATION NATIONAL GOLF FOUNDATION PGA OF AMERICA PGA TOUR INC. PGA TOUR CHAMPIONS THE PGA EUROPEAN TOUR THE MASTERS TOURNAMENT THE R&A ROYAL CANADIAN GOLF ASSOCIATION SOUTHERN AFRICA PGA TOUR UNITED STATES GOLF ASSOCIATION WORLD GOLF HALL OF FAME & MUSEUM OPENED ITS MUSEUM FACILITY ("MUSEUM") IN MAY 1998 PROVIDING VISITORS AN OPPORTUNITY TO LEARN ABOUT THE RICH HISTORY, VALUES AND DEEPLY ROOTED TRADITIONS OF THE GAME THROUGH INTERACTIVE EXHIBITS, UNIQUE STORYTELLING AND A COMPELLING GUEST EXPERIENCE. THE WORLD GOLF HALL OF FAME IMAX THEATER PROVIDES A MIX OF IMAX FILMS THAT PROVIDE EDUCATIONAL OPPORTUNITIES FOR AREA SCHOOL CHILDREN AND THE GENERAL PUBLIC. THE WORLD GOLF HALL OF FAME MUSEUM AND FACILITY ENCOMPASSES APPROXIMATELY 75,000 SQUARE FEET AND HOLDS MORE THAN 70 SEPARATE EXHIBITS THAT COMBINE HISTORICAL ARTIFACTS WITH THE LATEST INTERACTIVE TECHNOLOGY. THE ARTIFACTS ON DISPLAY ARE REPRESENTATIVE OF THE HISTORY OF GOLF AND MANY OF THE ARTIFACTS ARE ON LOAN TO THE FOUNDATION FROM VARIOUS INDIVIDUALS AND GOLF ORGANIZATIONS FOR USE IN THE GUEST EXPERIENCE. THE WORLD GOLF HALL OF FAME AND MUSEUM CONDUCTS A BIENNIAL INDUCTION CEREMONY TO ENSHRINE THE GREATEST PLAYERS AND CONTRIBUTORS. ENSHRINEMENT CAN INCLUDE (BOTH MALE AND FEMALE) PROFESSIONAL PLAYERS, ACCOMPLISHED AMATEURS AND INDIVIDUALS WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THE GAME OUTSIDE OF THE COMPETITIVE ARENA.


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 PARTNER SRI INTERNATIONAL, 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 2016 GOLF ECONOMY REPORT, MEASURED GOLF'S DIRECT ECONOMIC CONTRIBUTIONS IN THE U.S. AT $84.1 BILLION, AND FOUND THAT THE INDUSTRY HAS IMPACTED 1.89 MILLION JOBS WITH TOTAL WAGE INCOME OF $58.7 BILLION. SIGNIFICANT EFFORTS ARE ALSO UNDERWAY TO QUANTIFY GOLF'S IMPACT AT THE STATE LEVEL. AMERICAN GOLF INDUSTRY COALITION'S HAS COLLABORATED ON A TEMPLATE THROUGH WHICH STATES CAN MEASURE AND DEMONSTRATE GOLF'S CONTRIBUTIONS TO A VARIETY OF KEY CONSTITUENCIES. IN TOTAL, IMPACT REPORTS HAVE BEEN COMPLETED FOR 36 STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory T Mclaughlin
President/chief Exec Officer
$203,729
Martin Slumbers
Treasurer
$0
Jay Monahan
Chairman
$0
Diane Tetsworth
Secretary
$0
Seth Waugh
Director
$0
Keith Pelley
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fluent360 Llc
Marketing Services
$372,372
Mona Group Llc
Consulting Services
$107,500
P2 Pathway Public Affairs Llc
Marketing Services
$150,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$13,992,594
Investment income $40,375
Tax Exempt Bond Proceeds $0
Royalties $623,386
Net Rental Income $43,888
Net Gain/Loss on Asset Sales $55
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $143,082
Miscellaneous Revenue$0
Total Revenue $15,410,319

Grants Awarded

Over the last fiscal year, World Golf Foundation Inc has awarded $77,000 in support to 10 organizations.

Grant RecipientAmount

St Augustine, FL

PURPOSE: GENERAL SUPPORT

$12,500

GOLF MY FUTURE MY GAME

Org PageRecipient Profile

Washington, DC

PURPOSE: General Support

$7,500

A PERFECT SWING FOUNDATION INC

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$7,500

GREATER CLEVELAND JUNIOR GOLF SCHOLARSHIP FUND IN

Org PageRecipient Profile

Cleveland, OH

PURPOSE: General Support

$7,500

FAIRWAYS TO LEADERSHIP INC

Org PageRecipient Profile

Orlando, FL

PURPOSE: General Support

$7,500

ADVOCATES FOUNDATION

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: General Support

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 21 grants that World Golf Foundation Inc has recieved totaling $9,929,877.

Awarding OrganizationAmount
Pga Tour Inc

Ponte Vedra Beach, FL

PURPOSE: GENERAL SUPPORT

$6,412,371
United States Golf Association

Liberty Corner, NJ

PURPOSE: DE&I INITIATIVE/JUNIOR

$1,700,000
Ladies Professional Golf Assoc

Daytona Beach, FL

PURPOSE: GENERAL SUPPORT

$420,000
United States Golf Association

Liberty Corner, NJ

PURPOSE: JUNIOR

$325,000
Masters Tournament Foundation Inc

Augusta, GA

PURPOSE: FOSTER SPORT OF GOLF

$250,000
Sanford

Sioux Falls, SD

PURPOSE: RESEARCH

$200,000
View Grant Recipient Profile

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