PGA FOUNDATION INC

EIN: 591809626 501(c)(3)

FRISCO, TX

Total Revenue
$16,193,430
Total Expenses
$15,102,687
Total Assets
$6,000,733
Net Assets
$4,701,208
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
FL
Principal Officer
DEREK SPRAGUE
Phone
5616248400
Tax Period
2024-04-01 to 2025-03-31

PGA FOUNDATION INC, founded in 1978, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $15.1M left a modest 7% surplus.

Mission

AS THE CHARITABLE FOUNDATION OF THE PGA OF AMERICA, THE FOUNDATION'S MISSION IS FOCUSED TO POSITIVELY IMPACT THE LIVES OF YOUTH, MILITARY, AND DIVERSE POPULATIONS BY ENABLING ACCESS TO PGA OF AMERICA GOLF PROFESSIONALS, PGA SECTIONS, AND THE GAME OF GOLF. THE FOUNDATION ACCOMPLISHES THIS THROUGH FOUR MAJOR PROGRAMS:"PGA JR. LEAGUE" MAKES GOLF ACCESSIBLE TO EVERY CHILD, EVERYWHERE THROUGH PGA JR LEAGUE SCHOLARSHIPS AND OPPORTUNITY LEAGUES."PGA HOPE" INTRODUCES GOLF TO VETERANS AND ACTIVE DUTY MILITARY TO ENHANCE THEIR PHYSICAL, MENTAL, SOCIAL, AND EMOTIONAL WELL-BEING."PGA WORKS" CELEBRATES INCLUSION IN THE GAME OF GOLF AND CREATES A CAREER PIPELINE FOR THE NEXT GENERATION OF LEADERS IN THE GOLF INDUSTRY & BEYOND."PGA PLACES TO PLAY" SUPPORTS AFFORDABLE ACCESS TO THE GAME IN COMMUNITIES NATIONWIDE.

Program Service Accomplishments

Program 1
Expenses: $12,766,150 Revenue: $100,044

PGA OF AMERICA REACH FOUNDATION IMPACTS LIVES THROUGH THE GAME OF GOLF. WORKING WITH YOUTH, VETERANS, AND UNDERSERVED COMMUNITIES, THE FOUNDATION IS DEVELOPING LIFELONG PLAYERS, FUTURE LEADERS, AND...

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PGA OF AMERICA REACH FOUNDATION IMPACTS LIVES THROUGH THE GAME OF GOLF. WORKING WITH YOUTH, VETERANS, AND UNDERSERVED COMMUNITIES, THE FOUNDATION IS DEVELOPING LIFELONG PLAYERS, FUTURE LEADERS, AND CREATING LASTING COMMUNITIES FOR TODAY, TOMORROW, AND GENERATIONS TO COME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,442,077
Program Service Revenue $113,086
Investment Income $169,979
Other Revenue $468,288
TOTAL REVENUE $16,193,430

Expense Breakdown

Grants Paid $8,022,093
Salaries & Benefits $0
Fundraising Expenses $1,699,706
Program Expenses $12,766,150
Other Expenses $6,371,528
TOTAL EXPENSES $15,102,687

Year-over-Year Comparison

2024 2023 Change
Revenue $16,193,430 $14,165,860 +0.1%
Expenses $15,102,687 $14,165,860 +0.1%
Net Income $1,090,743 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
8
Employees
N/A
Volunteers
90

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$6,866,019
Total Directors
27
$252,162
Key Employees
1
$1,169,701
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON REA JR PRESIDENT 4.00
Officer Director
$0 $0 $81,477
NATHAN CHARNES VICE PRESIDENT 4.00
Officer Director
$0 $0 $87,774
ERIC ESHLEMAN SECRETARY 4.00
Officer Director
$0 $0 $10,935
LARRY KELLEY DISTRICT 1 DIR 1.00
Director
$0 $0 $3,858
DAVID REASONER DISTRICT 2 DIR 1.00
Director
$0 $0 $63
TIM BASEL DISTRICT 3 DIR 1.00
Director
$0 $0 $1,220
TIM FRIES DISTRICT 4 DIR 1.00
Director
$0 $0 $3,916
STEVE PARKER DISTRICT 5 DIR 1.00
Director
$0 $0 $7,306
KEITH CLARK DISTRICT 6 DIR 1.00
Director
$0 $0 $383
SEAN HANNA PGA DIRECTORS 1.00
Director
$0 $0 $63
PHIL ANDERSON PGA DIRECTORS 1.00
Director
$0 $0 $63
CATHY MATTHEWS-KANE DISTRICT 9 DIR 1.00
Director
$0 $0 $4,703
PAIGE CRIBB DISTRICT 10 DIR 1.00
Director
$0 $0 $10,821
SCOTT ASHWORTH DISTRICT 11 DIR 1.00
Director
$0 $0 $9,511
DALE MORGAN DISTRICT 12 DIR 1.00
Director
$0 $0 $1,193
RUSS LIBBY DISTRICT 13 DIR 1.00
Director
$0 $0 $10,421
CHRIS CAIN PGA DIRECTORS 1.00
Director
$0 $0 $1,259
DAWN NEUJAHR AT-LARGE DIR 1.00
Director
$0 $0 $11,131
GIDEON YU INDEP. DIR 1.00
Director
$0 $0 $4,471
TERRY CLARK INDEP. DIR 1.00
Director
$0 $0 $383
LORI LEE INDEP. DIR 1.00
Director
$0 $0 $1,211
WEBB SIMPSON PLAYER DIR 1.00
Director
$0 $0 $0
NINA KOHLER SUPPORTER DIRECTORS 1.00
Director
$0 $0 $0
DAVID O'CONNOR SUPPORTER DIRECTORS 1.00
Director
$0 $0 $0
SANJAY MESHRI SUPPORTER DIRECTORS 1.00
Director
$0 $0 $0
KEVIN MCKINLEY PGA DIRECTORS 1.00
Director
$0 $0 $0
MIKE BEHAN PGA DIRECTORS 1.00
Director
$0 $0 $0
DEREK SPRAGUE CEO 1.00
Officer
$0 $0 $0
HENRY SMOKLER GENERAL COUNSEL 1.00
Officer
$0 $47,970 $795,234
CRAIG KESSLER COO 1.00
Officer
$0 $59,210 $1,378,205
JOHN CONNELLY CFO 1.00
Officer
$0 $17,276 $607,453
SETH WAUGH CEO 1.00
Officer
$0 $7,044 $3,904,941
JEFFREY PRICE CCO 3.00
Key Emp
$0 $40,290 $1,169,701
SANDRA CROSS CPO 1.00
Highest
$0 $40,827 $549,662
KEVIN SCOTT CTO 1.00
Highest
$0 $34,513 $547,628
JEFFREY BLOOM FP&B CONTROLLER 1.00
Highest
$0 $55,101 $389,405
DREW BLASBAND SD 1.00
Highest
$0 $63,795 $445,374
DIANE PATZ SD 1.00
Highest
$0 $51,695 $380,514
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $16,193,430 $15,102,687 $6,000,733 $1,090,743
2024 $14,165,860 $14,165,860 $7,653,740 No data
2023 $9,359,930 $9,359,930 $1,247,093 No data
2022 $11,672,366 $11,672,366 $10,335,378 No data
2021 $7,264,255 $7,264,255 $13,484,548 No data
2020 $10,923,144 $10,923,144 $10,953,508 No data
2018 $6,306,089 $7,758,177 $8,880,548 $-1,452,088
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