PGA TOUR FIRST TEE FOUNDATION INC

EIN: 834186070 501(c)(3) Recreation & Sports

PONTE VEDRA BEACH, FL

Total Revenue
$28,512,084
Total Expenses
$30,771,210
Total Assets
$118,697,045
Net Assets
$113,150,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
GREGORY T MCLAUGHLIN
Phone
9049404300
Tax Period
2023-01-01 to 2023-12-31

PGA TOUR FIRST TEE FOUNDATION INC, founded in 2019, is a mid-sized nonprofit in the Recreation & Sports sector that reported $28.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $113.2M represent 48 months of operating reserves.

Mission

To impact the lives of young people by providing educational programs that build character and instill life- enhancing values through the game of golf.

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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 $23,619,196
Program Service Revenue $761,506
Investment Income $3,728,078
Other Revenue $403,304
TOTAL REVENUE $28,512,084

Expense Breakdown

Grants Paid $13,119,249
Salaries & Benefits $9,970,718
Fundraising Expenses $3,452,447
Program Expenses $23,544,535
Other Expenses $7,668,891
TOTAL EXPENSES $30,771,210

Year-over-Year Comparison

2023 2022 Change
Revenue $28,512,084 $31,986,597 -0.1%
Expenses $30,771,210 $34,177,729 -0.1%
Net Income $-2,259,126 $-2,191,132 +0.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
64
Volunteers
N/A

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
2
$1,218,151
Total Directors
5
$1,061,137
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY T MCLAUGHLIN DIRECTOR/PRESIDENT/SECRETARY 40.0
Officer Director
$1,015,585 $45,552 $1,061,137
GUY GARBARINO SVP ADVANCEMENT 40.0
Highest
$304,066 $33,506 $337,572
JENNIFER WEILER SVP NETWORK RELATIONS 40.0
Highest
$302,539 $33,152 $335,691
BLANTON JONES VP ADVANCEMENT 40.0
Highest
$277,980 $37,925 $315,905
JANE FADER SVP COMMS & MARKETING 40.0
Highest
$256,717 $31,850 $288,567
BENJAMIN JARVIS VP STRATEGY & BUS. ENABLEMENT 40.0
Highest
$249,116 $9,000 $258,116
DIANE TETSWORTH TREASURER & SVP 20.0
Officer
$147,423 $9,591 $157,014
TIMOTHY W FINCHEM DIRECTOR 5.0
Director
$0 $0 $0
VICTOR F GANZI DIRECTOR 5.0
Director
$0 $0 $0
EDWARD D HERLIHY DIRECTOR 5.0
Director
$0 $0 $0
JOHN B MCCOY DIRECTOR 5.0
Director
$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 $28,512,084 $30,771,210 $118,697,045 $-2,259,126
2022 $31,986,597 $34,177,729 $119,450,769 $-2,191,132
2021 $69,880,814 $31,347,492 $130,809,259 $38,533,322
2020 $96,357,278 $20,886,398 $88,241,842 $75,470,880
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