FORM 990, PART VI, LINE 2 |
EDWARD D. HERLIHY, M. JOHNSON WAGNER, CHARLES L. HOFFMAN, JAY W. MONAHAN, RONALD E. PRICE, SUZY WHALEY - BUSINESS RELATIONSHIP |
FORM 990, PART VI, LINE 2 |
EDWARD D. HERLIHY, M. JOHNSON WAGNER, CHARLES L. HOFFMAN, JAY W. MONAHAN, RONALD E. PRICE, SUZY WHALEY, LEONARD D. BROWN JR., KENNETH J. SHARKEY, ALLISON W. KELLER - BUSINESS RELATIONSHIP |
FORM 990, PART VI, LINE 2 |
JAY W. MONAHAN, RONALD E. PRICE, LEONARD D. BROWN JR., KENNETH J. SHARKEY, ALLISON W. KELLER - BUSINESS RELATIONSHIP |
FORM 990, PART VI, LINE 2 |
EDWARD D. HERLIHY, JAY W. MONAHAN, RONALD E. PRICE, THOMAS E. WADE, LEONARD D. BROWN JR., RICHARD D. ANDERSON, ANDREW J. PAZDER, KENNETH J. SHARKEY, ALLISON W. KELLER, JAMES C. TRIOLA BUSINESS RELATIONSHIP |
FORM 990, PART VI, LINE 2 |
RONALD E. PRICE, THOMAS E. WADE - BUSINESS RELATIONSHIP |
FORM 990, PART VI, LINE 6 |
PGA TOUR, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZATION FORMED UNDER IRC SECTION 501(C)(6) WHICH HAS ONE CLASS OF MEMBERS - PROFESSIONAL GOLFERS. THE MEMBERS HAVE THE RIGHT TO ELECT PLAYER DIRECTORS WHO SIT ON THE BOARD OF DIRECTORS OF THE ORGANIZATION. CURRENTLY, FOUR MEMBERS SIT ON THE BOARD OF DIRECTORS AS ELECTED BY THE MAJORITY OF THE ORGANIZATION'S MEMBERS. ONLY THE ELECTED MEMBER DIRECTORS HAVE THE RIGHT TO VOTE IN DECISIONS OF THE GOVERNING BODY. |
FORM 990, PART VI, LINE 7A |
THE MEMBERS DESCRIBED IN QUESTION 6 OF FORM 990, PART VI HAVE THE RIGHT TO ELECT PLAYER DIRECTORS WHO SIT ON THE BOARD OF DIRECTORS OF THE ORGANIZATION. CURRENTLY, FOUR MEMBERS SIT ON THE BOARD OF DIRECTORS AS ELECTED BY THE MAJORITY OF THE ORGANIZATION MEMBERS. ONLY THE ELECTED MEMBER DIRECTORS HAVE THE RIGHT TO VOTE IN DECISIONS OF THE GOVERNING BODY. THE EARNINGS OF THE PLAYER DIRECTORS FROM PARTICIPATION IN VARIOUS GOLF TOURNAMENTS HAVE BEEN REPORTED AS COMPENSATION ON PART VII A AND SCHEDULE J AS DIRECTOR COMPENSATION AS DIRECTED IN THE IRS FORM 990 INTRUCTIONS. |
FORM 990, PART VI, LINE 11A |
PGA TOUR, INC.'S FORM 990 WAS REVIEWED BY AN OUTSIDE SERVICE PROVIDER AND PGA TOUR, INC.'S CHIEF FINANCIAL OFFICER. ADDITIONALLY, AN ELECTRONIC COPY OF FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE. |
FORM 990, PART VI, LINE 12 A, B, C |
PGA TOUR, INC. MAINTAINS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES AND A SEPERATE CONFLICT OF INTEREST POLICY FOR THE MEMBERS OF THE BOARD OF DIRECTORS. EACH EMPLOYEE AND MEMBER OF THE BOARD IS ANNUALLY REQUIRED TO PROVIDE THE COMPANY A STATEMENT CONFIRMING THEY RECEIVED A COPY OF THE POLICY, READ THE POLICY, AND AGREED TO COMPLY WITH THE POLICY. EACH EMPLOYEE AND DIRECTOR ARE REQUIRED ANNUALLY TO DISCLOSE ANY RELATIONSHIP, TRANSACTION, OR POSITION THEY HOLD THAT COULD GIVE RISE TO A CONFLICT AND TO NOTIFY THE ORGANIZATION IF SUCH A RELATIONSHIP EXISTS AT ANY TIME DURING THE YEAR. |
FORM 990, PART VI, LINE 15A AND 15B |
THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE PGA TOUR, INC. ("THE TOUR") IS COMPRISED OF UNCOMPENSATED INDEPENDENT MEMBERS OF THE PGA TOUR POLICY BOARD. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION PROGRAM FOR THE CEO, SENIOR MANAGEMENT, AND KEY EMPLOYEES OF THE TOUR AND ITS SUBSIDIARIES. THE MEMBERS OF THE COMMITTEE ARE UNRELATED TO AND NOT SUBJECT TO CONTROL BY MEMBERS OF SENIOR MANAGEMENT OF THE TOUR. THE COMMITTEE ESTABLISHES SALARY LEVELS, REVIEWS PERFORMANCE OF SENIOR MANAGEMENT, APPROVES INCENTIVE PAYMENTS, AND ESTABLISHES MANAGEMENT BENEFITS AND PREREQUISITES. THE COMMITTEE BELIEVES THE ATTRACTION, RETENTION, MOTIVATION, AND REWARD OF EXECUTIVE AND KEY EMPLOYEES IS VITAL TO THE FUTURE OF THE TOUR AND CREATION OF MAXIMUM MEMBER VALUE. AS PART OF CARRYING OUT ITS RESPONSIBILITIES, THE COMMITTEE UTILIZES THE SERVICES OF A NATIONAL COMPENSATION CONSULTING FIRM ANNUALLY TO OBTAIN COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. PERFORMANCE EVALUATIONS ARE UTILIZED IN THE DETERMINATION OF THE COMPENSATION LEVELS OF INDIVIDUAL MEMBERS OF SENIOR MANAGEMENT. |
FORM 990, PART VI, LINE 19 |
THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. |
FORM 990, PART IX, LINE 24E |
THE AMOUNT OF FEDERAL INCOME TAX ON UNRELATED BUSINESS INCOME INCLUDED ON LINE 24e IS $851,725. |
FORM 990, PART XI, LINE 9 |
RECONCILIATION OF NET ASSETS - OTHER CHANGES IN FUND BALANCE INCREASE (DECREASE) FUNDS RESERVED FOR DESIGNATED PURPOSES (5,362,357) PENSION AND POST RETIREMENT RELATED CHANGES (10,172,790) INTERCOMPANY ADJUSTMENT 3,415,557 TOTAL OTHER CHANGES IN FUND BALANCE (12,119,590) |
FORM 990 PART IX LINE 11G |
DESCRIPTION:PLAYER PRIZE AND OTHER BENEFIT TOTAL FEES:XXX-XX-XXXX |
FORM 990 PART IX LINE 11G |
DESCRIPTION:PLAYER RETIREMENT TOTAL FEES:58099965 |
FORM 990 PART IX LINE 11G |
DESCRIPTION:CONTRACTOR FEES TOTAL FEES:21111559 |
FORM 990 PART IX LINE 11G |
DESCRIPTION:OTHER FEES - TOURNAMENT SVC TOTAL FEES:6089563 |
FORM 990 PART IX LINE 11G |
DESCRIPTION:TOURNAMENT STAFF TOTAL FEES:2438801 |