EIN 52-0999206

PGA Tour

IRS 501(c) type
501(c)(6)
Num. employees
959
State
Year formed
1974
Most recent tax filings
2019-12-01
Description
The PGA TOUR is a membership organization of professional golfers. The aim of the PGA TOUR is to expand the game of golf and opportunities for players domestically and internationally, while upholding the integrity of the game.
Total revenues
$1,534,021,881
2019
Total expenses
$1,461,249,307
2019
Total assets
$3,384,025,893
2019
Num. employees
959
2019

Program areas at PGA Tour

The principal mission of Pga Tour, Inc. is the promotion of the sport of professional golf and the common interests of the touring professional golfer as well as growth of the game. This is primarily accomplished through managing and co-sponsoring professional golf tournaments, securing corporate sponsorship of tournaments and other programs, and securing television exposure for its professional golf tournaments. By managing and co-sponsoring six different professional golf tournament divisions (Pga Tour, Pga Tour champions, korn ferry Tour, Pga Tour latinoamerica, mackenzie tour-pga Tour canada, and Pga Tour series-china - collectively the Pga Tour), Pga Tour, Inc. Provides opportunities for the touring professional golfer to compete and earn prize money and benefits while growing the game by exposing it to the general public through their attendance and television viewing. In 2018, the six tours collectively held 147 tournaments. Total prize money and benefits earned through competition by professional golfers across the six tours in 2018 exceeded $600 million. These tournaments were played in at least 37 u.s. states and 20 different countries in 2018, allowing people throughout the world the opportunity to experience first-hand the sport of professional golf. Pga Tour, Inc. secures television coverage for its tournaments through agreements with national and international broadcasters and cable channels. In 2018, Pga Tour, Inc. television coverage reached 227 countries and territories and in 23 languages. Pga Tour, Inc. and the ladies professional golf association maintain a strategic alliance designed to further promote the growth of professional golf including areas such as schedule coordination, joint marketing, television representation, digitial media, and the possibility of future development of joint events. In addition to television coverage, the Pga Tour is embracing digital media across multiple platforms, including a subsidiary's website, pgatour.com. The Pga Tour continues to grow its presence on social media platforms such as facebook, instagram, and twitter through a subsidiary to bring the players closer to the general public, volunteers, and sponsors. In 2018, twitter broadcasted more than 70 hours of free exclusive live tournament coverage across multiple events to broaden the appeal of golf to younger viewers. The mission of growing the game of golf is enhanced through television, corporate sponsorships and the promotional activities associated with promoting the sport of professional golf. Pga Tour, Inc. and intel have an exclusive relationship to produce and globally distribute live virtual reality and live 360 video at various Pga Tour events. The qualified sponsorship payments received by Pga Tour, Inc., as defined in internal revenue code section 513(i), promote the sport through funds utilized in part to increase purse amounts and earnings opportunities for professional golfers on the Pga Tour, Pga Tour champions, korn ferry Tour, Pga Tour latinoamerica, mackenzie tour-pga Tour canada, and Pga Tour series-china in part to achieve Pga Tour, inc.'s goal of giving back, as set forth in part iii, line 4b.
Pga Tour, Inc. includes, as part of its mission statement, the dedication to protect the integrity of the game of professional golf. The touring professional golfer has an unwavering adherence to golf's inherent values, such as honesty, integrity, and sportsmanship. Golf is a sport in which players call penalties on themselves, whether an infraction is visible to others or not. It is a sport in which competitors shake hands and congratulate one another at the conclusion of each and every round, tournament or match, without fail. It is also a sport that faithfully teaches each generation of participants from the earliest age that its rules are uncompromisable. These are values that Pga Tour, inc.'s touring professional golfers live by and demonstrate every round of every tournament.
IN ADDITION TO PROMOTING AND BUILDING THE SPORT OF PROFESSIONAL GOLF, PGA TOUR, INC. IS COMMITTED TO GENERATING SUBSTANTIAL CHARITABLE CONTRIBUTIONS IN THE COMMUNITIES WHERE ITS TOURNAMENTS ARE PLAYED, EVEN THOUGH PGA TOUR, INC. IS NOT A CHARITABLE IRC SECTION 501(C)(3) ORGANIZATION. A MAJORITY OF THE TOURNAMENTS ARE OPERATED BY CHARITABLE ORGANIZATIONS THAT GIVE 100% OF THE NET PROCEEDS FROM THE TOURNAMENT TO LOCAL CHARITIES. AREAS OF SUPPORT INCLUDE, BUT ARE NOT LIMITED TO: HEALTHCARE, EDUCATION, YOUTH DEVELOPMENT, DISASTER RELIEF, FOOD BANKS, MILITARY AND ENVIRONMENT. IN 2018, PGA TOUR, INC. AND ITS TOURNAMENTS GENERATED MORE THAN $190 MILLION OF CHARITABLE DONATIONS IN THE COMMUNITIES WHERE THE EVENTS WERE PLAYED, BENEFITTING MORE THAN 3,000 CHARITIES. INCLUDED IN THIS AMOUNT IS $43 MILLION OF DIRECT CONTRIBUTIONS MADE BY PGA TOUR, INC. THIS BRINGS PGA TOUR, INC.'s TOTAL CHARITABLE DONATIONS TO NEARLY $3 BILLION SINCE THE FIRST $10,000 CONTRIBUTION WAS MADE IN 1938. ALSO, A SUBSTANTIAL AMOUNT OF ADDITIONAL CHARITY DOLLARS ARE RAISED EACH YEAR BY PGA TOUR, INC. MEMBERS THROUGH THEIR INDIVIDUAL FOUNDATIONS AND FUNDRAISERS.

Who funds PGA Tour

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Westfield Insurance FoundationGeneral Support$215,000
Mayo Clinic Group ReturnSupport Exempt Purpose$200,000
Children's Healthcare CharityGeneral Support$50,000
...and 2 more grants received

Personnel at PGA Tour

NameTitleCompensation
Kenneth SharkeyExecutive Vice President and Chief Financial Officer
Price Ronald EChief Operating Officer$1,441,897
Brown Leonard DExecutive Vice President Licenses and Chief Legal Ofc$881,979
Pazder James AChief Tourn and Competition Ofc$1,127,463
Keller Allison WChief Administrative Officer$1,002,881
...and 22 more key personnel

Financials for PGA Tour

RevenuesFYE 12/2019
Total grants, contributions, etc.$0
Program services$1,167,400,356
Investment income and dividends$102,782,755
Tax-exempt bond proceeds$0
Royalty revenue$224,061,902
Net rental income$55,413
Net gain from sale of non-inventory assets$34,262,088
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$919,421
Miscellaneous revenues$4,539,946
Total revenues$1,534,021,881

Form 990s for PGA Tour

Fiscal year endingDate received by IRSFormPDF link
2018-122020-02-04990View PDF
2017-122019-03-15990View PDF
2016-122018-01-18990View PDF
2016-122017-12-14990OView PDF
2015-122017-04-07990OView PDF
...and 10 more Form 990s
Data update history
August 3, 2022
Received grants
Identified 2 new grant, including a grant for $215,000 from The Westfield Insurance Foundation
June 12, 2021
Received grants
Identified 3 new grant, including a grant for $200,000 from Mayo Clinic Group Return
April 30, 2021
Posted financials
Added Form 990 for fiscal year 2018
November 28, 2020
Used new vendors
Identified 3 new vendors, including , , and
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
Nonprofit Types
Sports competitionsSports organizationsSocial advocacy organizations
Issues
EducationHuman servicesHungerSports
Characteristics
MembershipsOperates internationallyNational levelCommunity engagement / volunteering
General information
Address
100 Pga Tour Blvd
Ponte Vedra Beach, FL 32082
Metro area
Jacksonville, FL
County
St. Johns County, FL
Website URL
pgatour.com/ 
Phone
(904) 285-3700
Facebook page
PGATour 
IRS details
EIN
52-0999206
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
N70: Amateur Sports Competitions
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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