World Golf Foundation Inc

EIN: 592998925 501(c)(3) Recreation & Sports

PONTE VEDRA BEACH, FL

Total Revenue
$10,867,139
Total Expenses
$9,945,264
Total Assets
$18,876,644
Net Assets
$17,682,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
GREGORY MCLAUGHLIN
Phone
9049404000
Tax Period
2023-01-01 to 2023-12-31

World Golf Foundation Inc, founded in 1989, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.9M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $9.9M left a modest 8% surplus.

Mission

To unite the golf industry around initiatives that promote, enhance the growth of, and provide access to the game worldwide. (See attachment 1 for Full Mission Statement).

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,921,272
Program Service Revenue $963,911
Investment Income $358,303
Other Revenue $623,653
TOTAL REVENUE $10,867,139

Expense Breakdown

Grants Paid $775,000
Salaries & Benefits $2,724,403
Fundraising Expenses $321,497
Program Expenses $8,379,407
Other Expenses $6,445,861
TOTAL EXPENSES $9,945,264

Year-over-Year Comparison

2023 2022 Change
Revenue $10,867,139 $16,141,642 -0.3%
Expenses $9,945,264 $12,159,093 -0.2%
Net Income $921,875 $3,982,549 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
39
Volunteers
30

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
4
$340,764
Total Directors
9
$340,764
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY T MCLAUGHLIN PRESIDENT/CHIEF EXEC OFFICER 40.0
Officer Director
$340,764 $0 $340,764
HERB CAIN Facilities Director 40.0
Highest
$118,160 $12,934 $131,094
Andrew Yeast Sr. Dir, Industry Engagement 40.0
Highest
$102,101 $5,397 $107,498
Jess Munroe Sr. Dir, Guest Services Ops 40.0
Highest
$94,265 $9,193 $103,458
JAY MONAHAN CHAIRMAN 1.0
Officer Director
$0 $0 $0
MARTIN SLUMBERS TREASURER 1.0
Officer Director
$0 $0 $0
SETH WAUGH DIRECTOR 1.0
Director
$0 $0 $0
MOLLIE MARCOUX SAMAAN DIRECTOR 1.0
Director
$0 $0 $0
E WILLIAM JONES JR DIRECTOR 1.0
Director
$0 $0 $0
KEITH PELLEY DIRECTOR 1.0
Director
$0 $0 $0
MICHAEL P WHAN DIRECTOR 1.0
Director
$0 $0 $0
RHETT EVANS DIRECTOR 1.0
Director
$0 $0 $0
Diane Tetsworth Secretary 10.0
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $10,867,139 $9,945,264 $18,876,644 $921,875
2022 $16,141,642 $12,159,093 $18,735,829 $3,982,549
2021 $15,866,157 $12,079,718 $17,767,849 $3,786,439
2020 $15,410,319 $77,912,920 $15,762,400 $-62,502,601
2019 $45,031,200 $37,157,996 $88,614,921 $7,873,204
2018 $30,370,997 $40,779,493 $75,848,380 $-10,408,496
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