Overview
What is World Golf Foundation Inc?
The World Golf Foundation Inc, established in Ponte Vedra Beach, Florida, is a nonprofit organization backed by major international golf organizations and professional tours. With a dual mission, it preserves golf's history and legacies of influential figures while creating engaging and educational displays for the public. The Foundation comprises the World Golf Hall of Fame & Museum and other nonprofit components like the American Golf Industry Coalition. Its initiatives aim to promote golf's growth among various demographics and within the industry. The organization is supported by various golf organizations and professional tours worldwide, including the PGA Tour, USGA, European Tour, and Masters Tournament. The World Golf Hall of Fame Museum, opened in 1998, offers visitors an immersive learning experience about the rich golfing heritage. The facility includes interactive exhibits, storytelling, and educational opportunities. The Foundation conducts biennial induction ceremonies to enshrine golf's greatest players and contributors. The American Golf Industry Coalition unites and activates the golf industry around strategic initiatives that boost participation, inspire interest, and promote sustainable golf practices.
Official website here: www.worldgolffoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The World Golf Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 91%, the organization demonstrates effective governance through an entirely independent board and comprehensive oversight policies. The charity's financial health is notable, with a program expense ratio of 83.73%, indicating that a significant portion of its funding is allocated directly to its programs.
Strengths of the foundation include robust financial practices such as a low liabilities to assets ratio of 12.00% and an impressive fundraising efficiency of just $0.05 spent to raise a dollar. These metrics underscore the organization’s efficiency in utilizing funds for its mission-related activities. Policies such as conflict of interest and whistleblower protections further enhance its credibility and operational integrity.
However, the working capital ratio stands at 0.81 years, which might suggest the organization has limited short-term financial reserves. While this is not uncommon for nonprofits, it may warrant attention for future sustainability. Overall, the World Golf Foundation Inc showcases a strong commitment to transparency and effective use of resources, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is World Golf Foundation Inc legitimate?
World Golf Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Golf Foundation Inc 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: $324,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,826,121
For more financial information, click here
Official website here: www.worldgolffoundation.org
What is the mission statement of World Golf Foundation Inc?
The World Golf Foundation Inc is dedicated to bringing together the golf industry to support initiatives that foster the growth and accessibility of golf worldwide. Its mission goes beyond just promoting the game; it also aims to preserve golf's traditional values and pass them on to future generations. The organization achieves its mission in two main ways: first, through the American Golf Industry Coalition, which unites industry members to boost participation and retention, generate interest, and implement sustainable practices for golf facilities. Second, through the World Golf Hall of Fame, it honors golf's legends, preserving their histories for future generations.
Official website here: www.worldgolffoundation.org
Who is the CEO of World Golf Foundation Inc?
Gregory Mclaughlin is the President/Chief Exec Officer of World Golf Foundation Inc. The CEO's salary of World Golf Foundation Inc is $324,354 and their total compensation is $324,354.
Official website here: www.worldgolffoundation.org
What is the revenue of World Golf Foundation Inc?
World Golf Foundation Inc's revenue in 2022 was $16,141,642.
Official website here: www.worldgolffoundation.org
Who are the executives of World Golf Foundation Inc and what are their salaries?
The average compensation at World Golf Foundation Inc during 2022 was $45,755. There are 47 employees and 60 volunteers at World Golf Foundation Inc.
Here are 12 key members and their salaries (World Golf Foundation Inc's CEO's salary is $324,354 and their total compensation is $324,354):
- Compensation: $324,354
- Related: $0
- Other: $0
- Compensation: $160,930
- Related: $0
- Other: $18,043
- Compensation: $111,249
- Related: $0
- Other: $11,628
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.worldgolffoundation.org
Where can I find the form 990 for World Golf Foundation Inc?
World Golf Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worldgolffoundation.org
Learn more at the official website: www.worldgolffoundation.org
Mission Statement of World Golf Foundation Inc
The World Golf Foundation Inc is a pioneering organization with a mission to bring together the golf industry and spearhead initiatives that foster the growth and accessibility of golf worldwide. By uniting stakeholders, this esteemed institution strives to increase participation and retention of golf enthusiasts, inspire interest in the game, and advocate for sustainable practices in golf facilities. Its commitment extends to preserving the rich traditions of golf and passing them on to future generations.
Through the American Golf Industry Coalition, the World Golf Foundation Inc galvanizes the golf industry around strategic initiatives, ensuring the sport's continued expansion and relevance. These initiatives focus on boosting participation and retention, generating excitement, and promoting best practices for golf facilities. This collective effort is instrumental in nurturing the golf community and maintaining its vibrancy.
In addition to its industry-focused endeavors, the World Golf Foundation Inc is home to the World Golf Hall of Fame. This prestigious institution celebrates golf's storied history and honors the legends who have shaped the game. By preserving the legacies of these golfing greats, the World Golf Foundation Inc ensures that their contributions live on, inspiring future generations to carry on the tradition of golf.
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Impact
October, 2024
World Golf Foundation Inc plays a crucial role in promoting the growth and accessibility of golf while preserving the game's rich history and traditions. By uniting various stakeholders within the golf industry, including major organizations and professional tours, the Foundation drives key initiatives that aim to increase participation among adults, youth, and minorities.
One of its primary avenues for impact is through the American Golf Industry Coalition, which collaborates on strategic initiatives designed to enhance player retention and inspire new interest in the game. This coalition fosters sustainable practices across golf facilities, ensuring that the sport can thrive for future generations.
Additionally, the World Golf Hall of Fame & Museum serves as an educational and entertaining venue, showcasing over 70 exhibits that highlight the sport's history. It not only preserves the legacies of great players and contributors but also provides an engaging experience for visitors. The Hall of Fame conducts ceremonial inductions, further celebrating the achievements of both men and women in the sport.
Overall, World Golf Foundation Inc contributes to the vitality of golf by enhancing public interest, promoting inclusivity, and safeguarding the sport’s legacy through a well-rounded approach that benefits both the industry and the community at large.
This information is meant to be a general summary of World Golf Foundation Inc. 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: $46,048
- Program Service Revenue: $1,395,326
- Gross Receipts: $16,453,027
Assets and Liabilities:
- Total Assets: $18,735,829
- Total Liabilities: $2,249,439
- Net Assets: $16,486,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IMAX THEATER
Revenue
$742,548
WORLD GOLF HALL OF FAME
Revenue
$652,778
Organization Details
Founding Year
1989
Phone
(904) 940-4000Principal Officer
Gregory Mclaughlin
Main Address
1 PGA TOUR BLVD, PONTE VEDRA BEACH, FL, 32082
Website
www.worldgolffoundation.orgNTEE Category
Code: N110 - Recreation
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