Nonprofit · EIN 59-2774423
PGA TOUR CHARITIES INC
Tax-exempt · PONTE VEDRA, FL 32082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,327,867 | $3,185,657 | $142,210 | $4,452,785 | $183,086 | $4,269,699 |
| December 31, 2023 | 990 | $3,805,865 | $2,890,986 | $914,879 | $4,304,679 | $171,629 | $4,133,050 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,203,398
- Program service revenue
- $0
- Investment income
- $124,469
- Net gain from sales of assets
- -$593
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,098,889
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,642
- Accounting fees
- $24,110
- Program services (functional)
- $3,098,889
- Management and general (functional)
- $55,567
- Fundraising (functional)
- $31,201
Balance sheet and other
- Total assets, start of year
- $4,304,679
- Total assets, end of year
- $4,452,785
- Total liabilities, end of year
- $183,086
- Net assets, end of year
- $4,269,699
- Land, buildings and equipment
- $1,700,800
- Net assets without donor restrictions
- $4,269,699
- Gross receipts
- $3,544,232
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MCILROY RORY | DIRECTOR Trustee or director | 1 | $0 | $29,012,054 | $11,097,945 |
| MONAHAN JOSEPH W | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $18,203,646 | $1,024,205 |
| PRICE RONALD E | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $13,192,633 | $26,712 |
| BROWN LEONARD | VICE PRESIDENT Officer | 1 | $0 | $2,977,365 | $242,582 |
| KELLER ALLISON W | VICE PRESIDENT/SECRETARY Officer | 1 | $0 | $2,636,745 | $324,655 |
| SHETTY NEERA M | VICE PRESIDENT Officer | 1 | $0 | $2,308,687 | $130,302 |
| HOFFMAN CHARLEY | DIRECTOR Trustee or director | 1 | $0 | $1,842,983 | $409,395 |
| MADARA JAY M | VICE PRESIDENT/TREASURER Officer | 1 | $0 | $2,126,011 | $68,432 |
| SHARKEY KENNETH J | FORMER VICE PRESIDENT Former | 0 | $0 | $112,615 | $0 |
| HERLIHY EDWARD D | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDERT JOHN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MCILROY RORY | DIRECTOR (THRU 11/23) Trustee or director | 1 | $0 | $23,832,458 | $1,108,894 |
| MONAHAN JOSEPH W | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $16,589,176 | $6,704,170 |
| SPIETH JORDAN | DIRECTOR (FROM 11/23) Trustee or director | 1 | $0 | $15,901,193 | $388,572 |
| PRICE RONALD E | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $12,678,660 | $378,196 |
| KELLER ALLISON W | VICE PRESIDENT/SECRETARY Officer | 1 | $0 | $2,571,241 | $729,088 |
| BROWN LEONARD | VICE PRESIDENT Officer | 1 | $0 | $1,668,785 | $445,353 |
| MADARA JAY M | VP/TREASURER Officer | 1 | $0 | $1,599,985 | $314,692 |
| HOFFMAN CHARLEY | DIRECTOR Trustee or director | 1 | $0 | $1,006,352 | $173,075 |
| HERLIHY EDWARD D | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDERT JOHN | DIRECTOR (FROM 1/23) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 PGA TOUR BLVD, PONTE VEDRA, FL 32082-2826
- In care of
- % BRIDGET RUSNAK
- Principal officer (990 for 2024)
- JOSEPH W MONAHAN, 1 PGA TOUR BOULEVARD, PONTE VEDRA BEACH, FL 32082
- Signed the 990
- Jay Madara, VP/TREASURER
- Phone
- (904) 285-3700
- Website
- PGAtourcharities.org
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
PGA TOUR CHARITIES, INC. WAS ESTABLISHED IN 1986 FOR THE PURPOSE OF GENERATING FUNDS FOR DONATIONS TO SUPPORT OTHER QUALIFIED CHARITABLE ORGANIZATIONS. PGA TOUR CHARITIES, INC. MAKES GRANTS TO SUPPORT EXEMPT ORGANIZATIONS FURTHERING THE WELFARE AND WELLBEING OF YOUTH, PROVIDES CHARITABLE SUPPORT TO NEEDY INDIVIDUALS, AND SUPPORTS OTHER CHARITABLE INITIATIVES. THROUGH THE WORLD OF GOLF, THE PGA TOUR DRIVES POSITIVE IMPACT AT UNPRECEDENTED LEVELS TO SUPPORT AND IMPROVE LOCAL COMMUNITIES.
Program accomplishments
- PGA TOUR CHARITIES, INC. WAS CREATED TO SOLICIT FUNDS FOR THE BENEFIT OF EXEMPT ORGANIZATIONS WITH AN EDUCATIONAL AND/OR A CHARITABLE MISSION. PGA TOUR CHARITIES, INC. ACCOMPLISHES ITS CHARITABLE MISSION BY CONDUCTING DIRECT CONTRIBUTION SOLICITATIONS AND FUND-RAISING INITIATIVES, AS WELL AS PROVIDING CHARITABLE SUPPORT TO NEEDY INDIVIDUALS. PGA TOUR CHARITIES, INC. ALSO MAKES GRANTS TO SUPPORT EXEMPT ORGANIZATONS THAT FOCUS ON CONNECTING MILITARY SERVICE MEMBERS AND THEIR FAMILIES TO HOMEFRONT GROUPS THAT PROVIDE ASSISTANCE TO THEM, FURTHERING THE WELFARE AND WELLBEING OF YOUTH, AND OTHER WORTHY CHARITABLE INITIATIVES. AT THE END OF 2023, PGA TOUR CHARITIES, INC. ASSUMED THE PROGRAMS OF THREE SMALL CHARITIES WITH SIMILAR TAX-EXEMPT PURPOSES. PROFESSIONAL CADDIES ASSISTANCE FOUNDATION PROVIDES RELIEF TO POOR, DISTRESSED, AND UNDERPRIVILEGED CURRENT AND FORMER PROFESSIONAL GOLF CADDIES AND THEIR IMMEDIATE FAMILIES WHO NEED FINANCIAL ASSISTANCE BECAUSE THEY HAVE SUFFERED FINANCIAL HARDSHIP OR WHO HAVE SUFFERED A CATASTROPHIC LOSS DUE TO INJURY, ILLNESS, DEATH, NATURAL DISASTER, OR ACT OF TERRORISM. PGA TOUR CHARITABLE AND EDUCATIONAL FUND SUPPORTS OTHER CHARITABLE ORGANIZATIONS AND AIDS DISTRESSED PROFESSIONAL AND AMATEUR GOLFERS. PGA TOUR EMPLOYEES EMERGENCY RELIEF FUND PROVIDES RELIEF TO POOR, DISTRESSED, AND UNDERPRIVILEGED CURRENT AND FORMER EMPLOYEES OF PGA TOUR, INC. AND ITS CONTROLLED SUBSIDIARIES AND THEIR IMMEDIATE FAMILIES WHO NEED FINANCIAL ASSISTANCE BECAUSE THEY HAVE SUFFERED FINANCIAL HARDSHIP OR WHO HAVE SUFFERED A CATASTROPHIC LOSS DUE TO INJURY, ILLNESS, DEATH, NATURAL DISASTER, OR ACT OF TERRORISM. THE AFOREMENTIONED CHARITIES' BOARDS RESOLVED TO DONATE THEIR NET ASSETS TO PGA TOUR CHARITIES, INC., DISSOLVED THEIR RESPECTIVE ORGANIZATIONS, FILED FINAL FORMS 990, AND PGA TOUR CHARITIES, INC. UNDERTOOK THE RESPECTIVE PROGRAMS.Expenses $3,098,889 · grants $3,098,889
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2774423
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50Z)
- Assets (IRS master file)
- $4,452,785
- Income (IRS master file)
- $3,544,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,327,867 | $3,185,657 | $4,452,785 | XML |
| 990 | December 2023 | $3,805,865 | $2,890,986 | $4,304,679 | XML |
| 990 | December 2022 | $2,679,209 | $3,101,138 | $3,339,240 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2774423).
Questions about PGA TOUR CHARITIES INC
- What is the EIN of PGA TOUR CHARITIES INC?
- The employer identification number (EIN) of PGA TOUR CHARITIES INC is 59-2774423.
- Is PGA TOUR CHARITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to PGA TOUR CHARITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PGA TOUR CHARITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PGA TOUR CHARITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PGA TOUR CHARITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PGA TOUR CHARITIES INC?
- The 990 for the year ended December 31, 2024 names JOSEPH W MONAHAN.
- Who are the officers and directors of PGA TOUR CHARITIES INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does PGA TOUR CHARITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,327,867, expenses of $3,185,657 and total assets of $4,452,785 at year end.
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