Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 01-01-2015 , and ending 12-31-2015
BCheck if applicable:
CName of organization
World Golf Foundation Inc
 
% DIANE TETSWORTH
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
ONE WORLD GOLF PLACE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST AUGUSTINE, FL32092
D Employer identification number

59-2998925
E Telephone number

(904) 940-4000
G Gross receipts $ 52,142,986
F Name and address of principal officer:
Stephen F Mona
ONE WORLD GOLF PLACE
ST AUGUSTINE,FL32092
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WORLDGOLFFOUNDATION.ORG THEFIRSTTEE.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1989
M State of legal domicile: FL
Part I
Summary
Activities  & Governance 1 Briefly describe the organization’s mission or most significant activities: TO DEVELOP AND SUPPORT INITIATIVES INCLUDING THE HALL OF FAME, THE FIRST TEE, AND GOLF 20/20 THAT POSITIVELY IMPACT LIVES THROUGH THE GAME OF GOLF AND ITS VALUES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 8
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 8
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 166
6 Total number of volunteers (estimate if necessary) ............. 6 150
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 1,017,318
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -311,276
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 42,450,509 43,307,681
9 Program service revenue (Part VIII, line 2g) ......... 2,297,882 3,155,775
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 1,095,674 558,608
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 2,894,994 2,852,887
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 48,739,059 49,874,951
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 7,241,256 8,692,050
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 10,858,798 11,110,248
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,528,178    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 26,837,667 26,271,883
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 44,937,721 46,074,181
19 Revenue less expenses. Subtract line 18 from line 12....... 3,801,338 3,800,770
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 83,855,495 83,386,906
21 Total liabilities (Part X, line 26)............. 33,651,561 29,725,010
22 Net assets or fund balances. Subtract line 21 from line 20..... 50,203,934 53,661,896
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet 2017-01-17
Signature of officer Date
JumboBullet STEPHEN F MONAPRESIDENT/CEO
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
KARRIE HEBERT
Preparer's signature
KARRIE HEBERT
Date
 
PTIN
P00445082
Firm's name MediumBullet
PRICEWATERHOUSECOOPERS LLP  
Firm's EIN MediumBullet
Firm's address MediumBullet
4040 WEST BOY SCOUT BLVD STE 1000
 
TAMPA, FL33607
Phone no. (813) 218-2959
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Page 2
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: TO DEVELOP AND SUPPORT INITIATIVES INCLUDING THE HALL OF FAME, THE FIRST TEE, AND GOLF 20/20 THAT POSITIVELY IMPACT LIVES THROUGH THE GAME OF GOLF AND ITS TRADITIONAL VALUES.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 10,339,265 including grants of $   ) (Revenue $ 3,162,672 )
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), The First Tee (4b), GOLF 20/20 (4c) 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 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 Web.com Tour 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 eductional 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 bienniel 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.
4b (Code:   ) (Expenses $ 27,100,809 including grants of $ 8,692,050 ) (Revenue $ 1,263,107 )
The World Golf Foundation has undertaken a focused charitable youth development activity entitled "The First Tee". The First Tee mission is to impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf. The purpose is to make character education and golf more affordable and accessible to people of all diversities and social strata, particularly young people who otherwise may not have an opportunity to learn and play the game. The First Tee is a positive youth development program built on a foundation of evidence-based research that views young people as opportunities for developing competencies rather than as problems to be managed. Young people who develop physical health, character, social and emotional qualities, and positive behavioral characteristics are more likely to become successfully functioning members of society. At the core of The First Tee programs are The First Tee Nine Core Values - Honesty, Integrity, Respect, Responsibility, Courtesy, Sportsmanship, Confidence, Judgment, and Perseverance - which are essential for young people to make positive choices and overcome chanllenges across all areas of their lives. Additionally, The First Tee Nine Healthy Habits - Energy, Play, Safety, Vision, Mind, Family, Friends, School and Community - reinforce the importance of physical, social and emotional wellness. The First Tee works with other not for profit, tax-exempt organizations to create opportunities for programs at various golf facilities, schools and youth-serving locations in the United States and other countries. The First Tee Life Skills Experience -- The First Tee network of over 150 licensed chapters delivered The First Tee Life Skills Experience to approximately 542,000 young people up to the age of 18 at over 1,080 golf facility program locations in 2015. The First Tee Life Skills Experience seamlessly integrates golf skills and life skills to help build positive character traits in young people demonstrated on the golf course and often transferred to everyday life. Golf professionals and other instructors receive multi-year training and leadership development as coaches who deliver the curriculum. In addition, The First Tee offers educational opportunities for chapter staff and volunteer board leaders. The First Tee also hosts national event opportunities for selected chapter youth participants to enhance their leadership, life skills and golf skills, including the Nature Valley First Tee Open at Pebble Beach, Life Skills & Leadership Academies, Coca-Cola America's Future and RBS Achiever of the Year Awards. The First Tee National School Program -- The First Tee National School Program reached more than 4 million elementary school students at over 8,000 schools in 2015. The First Tee National School Program introduces elementary school students to the game of golf, The First Tee Nine Core Values and the First Tee Nine Healthy Habits during physical education classes. Physical educators receive professional development training and are provided age-appropriate curriculum and equipment for effective implementation into their programs. The First Tee DRIVE Program -- DRIVE stands for Develop Rewarding Inspiring Values for Everyone who participates. The First Tee DRIVE Program reached more than 149,000 young people at over 700 locations in 2015, either after-school or at youth-serving organizations. Created with youth development professionals and volunteer leaders in mind, The First Tee DRIVE modifies traditional sports like baseball, football, bowling and tennis to incorporate the four basic golf shots and The First Tee Nine Core Values into each lesson. Youth development porfessionals and volunteer leaders receive professional development training and are provided age-appropriate curriculum and equipment for effective implemenation of the program. Through The First Tee curriculum and programs, young people can build confidence, develop responisiblity and respect, and appreciate the value of giving back to their community, all while learning the lifelong sport of golf.
4c (Code:   ) (Expenses $ 2,240,867 including grants of $ 0 ) (Revenue $ 0 )
GOLF 20/20'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 GOLF 20/20's major initiatives has been a comprehensive analysis of golf's significant contributions to the U.S. economy. GOLF 20/20, 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 2011 Golf Economy Report, measured golf's direct economic contributions in the U.S. at $68.8 billion, and found that the industry has impacted 2 million jobs with total wage income of $55.6 billion. Significant efforts are also underway to quantify golf's impact at the state level. GOLF 20/20 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 33 states, and it is planned to complete approximately four new states reports each year.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet39,680,941
Form 990 (2015)
Page 3
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment..............
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Page 4
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............ Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV
........................Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Page 5
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
55
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
166
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletKS
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note.
See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Page 6
Form 990 (2015)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
8
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
8
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
AL , AK , AZ , AR , CA , CO , CT , DC , FL , GA , HI , IL , IA , KS , KY , LA , ME , MD , MA , MI , MN , MS , MT , NV , NH , NJ , NM , NY , NC , ND , OH , OK , OR , PA , RI , SC , TN , UT , VA , WA , WV , WI
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletDIANE TETSWORTHONE WORLD GOLF PLACE   ST AUGUSTINE,FL32092 (904) 940-4000
Form 990 (2015)
Page 7
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W- 2/1099-MISC)
(E)
Reportable compensation from related organizations (W- 2/1099-MISC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) PETER BEVACQUA......................................................................
DIRECTOR/CHAIRMAN
1.0
.................
0.0
X   X       0 0 0
(2) MICHAEL DAVIS......................................................................
DIRECTOR/TREASURER
1.0
.................
0.0
X   X       0 0 0
(3) TIMOTHY W FINCHEM......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(4) PETER DAWSON......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(5) GEORGE O'GRADY......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(6) CHRISTOPHER NORMYLE......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(7) MICHAEL P WHAN......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(8) E WILLIAM JONES......................................................................
DIRECTOR
1.0
.................
0.0
X           0 0 0
(9) STEPHEN F MONA......................................................................
PRESIDENT/CHIEF EXEC OFFICER
40.0
.................
0.0
    X       445,754 0 39,814
(10) JOSEPH L BARROW JR......................................................................
EXECUTIVE VP & CEO THE FIRST T
40.0
.................
0.0
    X       977,489 0 111,224
(11) JOHN E PETER......................................................................
EVP & PRESIDENT WORLD GOLF HOF
40.0
.................
0.0
    X       354,735 0 70,190
(12) KELLY A MARTIN......................................................................
SR VP & COO THE FIRST TEE
40.0
.................
0.0
    X       296,524 0 33,339
(13) DIANE M TETSWORTH......................................................................
SECRETARY/VICE PRESIDENT
40.0
.................
0.0
    X       219,537 0 37,409
(14) JENNIFER K WEILER......................................................................
SVP/CHIEF DEV OFFICER TFT
40.0
.................
0.0
    X       191,242 0 27,512
(15) JOSEPH A O'BRIEN......................................................................
VP OUTCOMES & EDUCATION
40.0
.................
0.0
        X   195,409 0 80,149
(16) MARK N LOWRY......................................................................
VP NETWORK MANAGEMENT
40.0
.................
0.0
        X   173,768 0 30,007
(17) DEDRIC HOLMES......................................................................
VP/COACH TRAINING TFT
40.0
.................
0.0
        X   149,044 0 30,502
Form 990 (2015)
Page 8
Form 990 (2015)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W- 2/1099-MISC)
(E)
Reportable compensation from related organizations (W- 2/1099-MISC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) JOHN A SAPORA........................................................................
VP LEGAL SERVICES TFT
40.0
.......................0.0
        X   185,805 0 40,955
(19) GUY GARBARINO........................................................................
VP PHILANTHROPY TFT
40.0
.......................0.0
        X   141,857 0 28,631






















1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 3,331,164 0 529,732
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet21
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual
...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address
(B)
Description of services
(C)
Compensation
TEQGAMES LLC,
1000 Universal Studios Plaza
ORLANDO,FL32819
Consulting 117,043
Community Wealth Partners,
1825 K Street NW Suite 1000
WASHINGTON,DC20006
Consulting 180,091
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet2
Form 990 (2015)
Page 9
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue
(B)
Related or
exempt
function
revenue
(C)
Unrelated
business
revenue
(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 2,000,004
f All other contributions, gifts, grants, and similar amounts not included above1f 41,307,677
g Noncash contributions included in lines 1a-1f:$ 12,941,314
h Total.Add lines 1a-1f.......MediumBullet 43,307,681
 Program Service RevenueAmt Business Code
2a IMAX THEATER 713990 1,200,716 432,641 768,075  
b WORLD GOLF HALL OF FAME 713990 917,457 917,457    
c THE FIRST TEE 713990 1,037,602 1,037,602    
d
e
f All other program service revenue.        
g Total.Add lines 2a–2f.....MediumBullet 3,155,775
 OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 446,113   1,161 444,952
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 2,086,501     2,086,501
(ii) Personal (i) Real
6a Gross rents 12,900 81,574
b Less: rental expenses 7,788 49,651
c Rental income or (loss) 5,112 31,923
d Net rental income or (loss)......MediumBullet 37,035   -1,883 38,918
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory 135,500 1,646,937
b Less: cost or other basis and sales expenses 29,156 1,640,786
c Gain or (loss) 106,344 6,151
d Net gain or (loss).....MediumBullet 112,495     112,495
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
a 1,123,889
b Less: cost of goods sold ..b 540,654
c Net income or (loss) from sales of inventory..MediumBullet 583,235 133,528 249,965 199,742
Business Code Miscellaneous Revenue
11a MISCELLANEOUS 900099 146,116 146,116    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 146,116
12 Total revenue. See Instructions......MediumBullet 49,874,951 2,667,344 1,017,318 2,882,608
Form 990 (2015)
Page 10
Form 990 (2015)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.
(A)
Total expenses
(B)
Program service expenses
(C)
Management and general expenses
(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 8,410,425 8,410,425
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 214,125 214,125
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 67,500 67,500
4 Benefits paid to or for members 0 0
5 Compensation of current officers, directors, trustees, and key employees .... 2,516,546 1,761,582 629,137 125,827
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0 0 0 0
7 Other salaries and wages 6,948,339 4,316,895 2,006,768 624,676
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 270,676 187,692 60,700 22,284
9 Other employee benefits ....... 789,125 500,365 205,315 83,445
10 Payroll taxes ........... 585,562 415,665 124,759 45,138
11 Fees for services (non-employees):        
a Management ...... 0 0 0 0
b Legal ......... 81,131 62,572 12,009 6,550
c Accounting ........... 92,030   92,030  
d Lobbying ........... 48,000 23,520 15,840 8,640
e Professional fundraising services. See Part IV, line 17 0 0
f Investment management fees ...... 0 0 0 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 916,553 650,425 212,533 53,595
12 Advertising and promotion .... 1,261,679 1,261,679 0 0
13 Office expenses ....... 1,192,813 929,303 242,010 21,500
14 Information technology ...... 203,036 157,823 33,410 11,803
15 Royalties .. 816,598 816,598 0 0
16 Occupancy ........... 1,532,584 1,092,345 439,326 913
17 Travel ............ 833,354 683,556 66,600 83,198
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0 0 0 0
19 Conferences, conventions, and meetings .... 1,277,023 1,127,839 42,853 106,331
20 Interest ........... 489,062 489,062 0 0
21 Payments to affiliates ....... 0 0 0 0
22 Depreciation, depletion, and amortization .. 1,816,214 1,362,561 453,653 0
23 Insurance ... 46,713 1,121 45,312 280
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PUBLIC SERVICE ANNOUNCEMENTS 12,941,314 12,941,314 0 0
b PARTICIPANT OPPORTUNTIES 488,436 488,436 0 0
c HOF INDUCTION CEREMONIES 1,262,179 1,262,179 0 0
d RESEARCH AND DEVELOPMENT 243,914 192,523 0 51,391
e All other expenses 729,250 263,836 182,807 282,607
25 Total functional expenses. Add lines 1 through 24e 46,074,181 39,680,941 4,865,062 1,528,178
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Page 11
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year
(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 11,054,829 1 7,734,638
2 Savings and temporary cash investments ......... 3,680,850 2 4,472,479
3 Pledges and grants receivable, net ...... 16,707,974 3 16,973,846
4 Accounts receivable, net ............. 637,449 4 152,793
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net .... 0 7 0
8 Inventories for sale or use ........ 192,358 8 169,950
9 Prepaid expenses and deferred charges ...... 348,673 9 285,012
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 55,114,957
b Less: accumulated depreciation 10b 38,590,536 17,864,960 10c 16,524,421
11 Investments—publicly traded securities . 0 11 0
12 Investments—other securities. See Part IV, line 11 ..... 0 12 0
13 Investments—program-related. See Part IV, line 11 .. 32,134,065 13 35,213,548
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 1,234,337 15 1,860,219
16 Total assets. Add lines 1 through 15 (must equal line 34)... 83,855,495 16 83,386,906
Liabilities 17 Accounts payable and accrued expenses ..... 5,225,138 17 5,724,068
18 Grants payable ... 0 18 0
19 Deferred revenue ......... 3,603,300 19 2,665,317
20 Tax-exempt bond liabilities ......... 18,882,113 20 15,757,848
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.. 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 5,492,777 23 5,417,777
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D 448,233 25 160,000
26 Total liabilities. Add lines 17 through 25.. 33,651,561 26 29,725,010
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets -6,610,587 27 -3,314,893
28 Temporarily restricted net assets ........... 56,814,521 28 56,976,789
29 Permanently restricted net assets 0 29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 50,203,934 33 53,661,896
34 Total liabilities and net assets/fund balances ........ 83,855,495 34 83,386,906
Form 990 (2015)
Page 12
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
49,874,951
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
46,074,181
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
3,800,770
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
50,203,934
5
Net unrealized gains (losses) on investments ...............
5
 
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-342,808
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
53,661,896
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2015)
Form 990 (2015)
Additional Data


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Software Version:  
Form 990, Special Condition Description:
Special Condition Description