Cause IQ organization profile

PGA Tour

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

PGA Tour is a sports competition based in Ponte Vedra Beach, FL that was founded in 1974. As of 2019 they had $1.4 billion in revenue and $2.9 billion in assets.

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.

EIN:
52-0999206
City:
State:
Metro:
Website:
Phone:
(904) 285-3700
Facebook:
Founded:
1974
Type:
501(c)(6)
NTEE:
Revenue:
$1,415,951,874
Assets:
$2,934,026,162
Employees:
939
Fiscal year end:
December
Revenue trends:
Asset trends:

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 ...

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. ...

Form 990s for PGA Tour

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 4, 2020990View PDF
2017-12Mar 15, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2016-12Dec 14, 2017990OView PDF
2015-12Apr 7, 2017990OView PDF
...and 10 more Form 990 PDFs

Financials for PGA Tour

Field2018
Total grants, contributions, etc.$0
Program services$1,076,557,060
Investment income and dividends$85,980,177
Tax-exempt bond proceeds$0
Royalty revenue$207,173,404
Net rental income$-47,522
Net gain from sale of non-inventory assets$36,508,394
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$641,739
Miscellaneous revenues$9,138,622
Total revenues$1,415,951,874

Vendors for PGA Tour

VendorServicesAmount paidDate
Grant Thornton LLPTax accounting2020-02-04
████ █████Insurance agent or broker$92019-12-31
███ ██ ███Accounting (including auditing); Audit accounting$17,9652019-12-31
████████████ ████ █████████ ███████Insurance2019-12-31
█████████ █████████ ████████Investment advisory (plan)$36,0002019-12-31
██████ ███████ ████Insurance2019-12-31
███ █████████ ████████Insurance agent or broker$19,6242019-12-31
████████ █████████ ███████Insurance2019-12-31
...and 101 more vendors

Personnel at PGA Tour

NameTitleCompensationMost recent data
Glod Dan TPresident Korn Ferry Tour$466,068Dec. 31, 2018
Price Ronald EChief Operating Officer$1.4 millionDec. 31, 2018
███████ ███████Executive Vice President and Chief Financial Officer-Feb. 4, 2020
████████ ███████ █Chief Media Officer$1.1 millionDec. 31, 2018
██████ ██████ █Executive Vice President and Chief Marketing Officer$778,695Dec. 31, 2018
██████ ███████ █Chief Administrative Officer$1.0 millionDec. 31, 2018
████ ██████ █Chief Commercial Officer$1.4 millionDec. 31, 2018
████████ ██████ █Executive Vice President Finance$638,952Dec. 31, 2018
████ █████████Senior Vice President, Digital Platform and Media Strategy-Nov. 15, 2017
█████ █████████Vice President, Digital Operations-Nov. 15, 2017
...and 40 more key personnel

Peer sports competitions

 NameTypeRevenueLocation
1Pharmaceutical Research and Manufacturers of America (PhRMA)501(c)(6)$459 millionWashington, DC
2Securities Investor Protection Corporation (SIPC)501(c)(6)$355 millionWashington, DC
3Fhi 360501(c)(3)$829 millionDurham, NC
4The American Jewish Joint Distribution Committee501(c)(3)$357 millionNew York, NY
5Save the Children Federation501(c)(3)$829 millionFairfield, CT
6New Venture Fund501(c)(3)$405 millionWashington, DC
7United States Fund for Unicef501(c)(3)$567 millionNew York, NY
8ECMC Group501(c)(3)$389 millionMinneapolis, MN
9Doctors without Borders USA501(c)(3)$411 millionNew York, NY
10PAC-12 Conference501(c)(3)$496 millionSan Francisco, CA
11Federation Internationale de Football Association (FIFA)501(c)(4)$555 millionChina,