Overview
What is Tiger Woods Charity Event Corporation?
Tiger Woods Charity Event Corporation, also known as TGR Live, is a California-based nonprofit organization situated at 15440 Laguna Canyon Road 230 in Irvine. This charitable entity functions as a supporting organization for the Tiger Woods Foundation, furthering its charitable activities and educational programs for youth, as per Section 501(C)(3) of the IRC. TGR Live produces unique fundraising events, such as five during the period from October 1, 2021, to September 30, 2022, to help raise funds for the Tiger Woods Foundation and its various educational initiatives. These initiatives include multiple learning centers, a national scholarship program, and virtual educational opportunities. TGR Live creates engaging experiences for donors and guests, contributing significantly to the achievement of young scholars and students' life goals.
Official website here: www.tgrfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Tiger Woods Charity Event Corporation received a Two-Star rating from Charity Navigator, indicating that there are significant concerns regarding its accountability and financial practices. A key area noted is the lack of independent board members, with only one out of eight members being independent, which may raise questions about governance and oversight.
Despite this, the organization has demonstrated strength in several financial policies and practices. It scored well in areas such as having an audit and oversight committee, a conflict of interest policy, and a whistleblower policy, all of which suggest a commitment to transparency. Additionally, the program expense ratio is high at 97.04%, indicating that the charity allocates a substantial portion of its funds directly to its programs.
However, the charity struggles with its liabilities to assets ratio, which stands at 96.08%, resulting in a low score in this area. Furthermore, it was noted that the tax form, which should be posted on the nonprofit's website, is missing. These limitations highlight ongoing issues that the organization needs to address to improve its overall ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Tiger Woods Charity Event Corporation legitimate?
Tiger Woods Charity Event Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tiger Woods Charity Event Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $313,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,404,732
For more financial information, click here
Official website here: www.tgrfoundation.org
What is the mission statement of Tiger Woods Charity Event Corporation?
The Tiger Woods Charity Event Corporation functions as a supporting organization for the charitable activities and educational programs of the Tiger Woods Foundation. Its mission aligns with the Foundation's goal of providing opportunities for youth through Section 501(c)(3) of the Internal Revenue Code. The Corporation raises funds for the Tiger Woods Foundation's initiatives, which include multiple educational learning centers, a national scholarship program, and virtual educational opportunities. By creating unique experiences for donors and guests, Tiger Woods Charity Event Corporation helps young scholars and students achieve their goals through the Foundation's educational programs. Throughout the year, from October 1, 2021, to September 30, 2022, the Corporation produced five charitable events to further advance the Foundation's mission.
Official website here: www.tgrfoundation.org
Who is the CEO of Tiger Woods Charity Event Corporation?
Gordon Mcneill is the President/Secretary/Ceo of Tiger Woods Charity Event Corporation. The CEO's salary of Tiger Woods Charity Event Corporation is $234,325 and their total compensation is $234,325.
Official website here: www.tgrfoundation.org
What is the revenue of Tiger Woods Charity Event Corporation?
Tiger Woods Charity Event Corporation's revenue in 2022 was $47,950,992.
Official website here: www.tgrfoundation.org
Who are the executives of Tiger Woods Charity Event Corporation and what are their salaries?
The average compensation at Tiger Woods Charity Event Corporation during 2022 was $113,244. There are 24 employees and 1337 volunteers at Tiger Woods Charity Event Corporation.
Here are 10 key members and their salaries (Tiger Woods Charity Event Corporation's CEO's salary is $234,325 and their total compensation is $234,325):
- Compensation: $248,800
- Related: $250,000
- Other: $57,070
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $240,626
- Other: $43,726
- Compensation: $241,826
- Related: $0
- Other: $24,623
- Compensation: $221,041
- Related: $0
- Other: $28,660
- Compensation: $190,100
- Related: $0
- Other: $39,725
- Compensation: $168,749
- Related: $0
- Other: $56,311
- Compensation: $117,568
- Related: $0
- Other: $29,942
- Compensation: $234,325
- Related: $0
- Other: $0
Official website here: www.tgrfoundation.org
Where can I find the form 990 for Tiger Woods Charity Event Corporation?
Tiger Woods Charity Event Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tgrfoundation.org
Learn more at the official website: www.tgrfoundation.org
Mission Statement of Tiger Woods Charity Event Corporation
Tiger Woods Charity Event Corporation, a supporting organization for the Tiger Woods Foundation, is dedicated to advancing the charitable initiatives and educational programs for youth under the foundation's umbrella. This corporation functions as a catalyst for raising funds to benefit the Tiger Woods Foundation, a publicly recognized 501(c)(3) organization. By producing exclusive events and experiences, Tiger Woods Charity Event Corporation helps young scholars and students reach their life goals through the Tiger Woods Foundation's educational programs.
Throughout the year of 2021-2022, the corporation organized and executed five charitable events, generating significant resources for the Tiger Woods Foundation. These events offered unique opportunities for donors and guests, fostering a sense of community and shared purpose. The Tiger Woods Charity Event Corporation's efforts in fundraising play an essential role in upholding the foundation's mission to empower and educate the next generation.
In summary, Tiger Woods Charity Event Corporation acts as a driving force behind the Tiger Woods Foundation's charitable activities and educational programs for youth. It achieves this by producing distinct events and experiences, ultimately raising essential funds to support the foundation's objectives and enable the next generation to thrive.
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Impact
August, 2024
Tiger Woods Charity Event Corporation, through its activities, supports the programs of the Tiger Woods Foundation, including educational learning centers, a national scholarship program, and virtual educational opportunities. TGR LIVE, operated by the charity, raises funds for the TGR Foundation and its educational initiatives. By organizing charitable events, the corporation creates unique experiences for donors and guests while helping young scholars and students achieve their life goals through educational programs. The impact of Tiger Woods Charity Event Corporation extends to facilitating educational opportunities for youth and supporting the goals of the Tiger Woods Foundation, contributing to philanthropy and community development.
This information is meant to be a general summary of Tiger Woods Charity Event Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,438
- Program Service Revenue: $43,841,304
- Gross Receipts: $49,023,219
Assets and Liabilities:
- Total Assets: $25,173,092
- Total Liabilities: $24,186,680
- Net Assets: $986,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$43,841,304
Organization Details
Founding Year
1999
Phone
(949) 725-3003Principal Officer
Gordon Mcneill
Main Address
15440 LAGUNA CANYON ROAD 230, IRVINE, CA, 92618
Website
www.tgrfoundation.orgNTEE Category
Code: T12 - Philanthropy
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