Nonprofit · EIN 83-4186070
PGA TOUR FIRST TEE FOUNDATION INC
Tax-exempt · PONTE VEDRA, FL 32082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $34,230,410 | $32,650,601 | $1,579,809 | $125,158,804 | $5,449,725 | $119,709,079 |
| December 31, 2023 | 990 | $28,512,084 | $30,771,210 | -$2,259,126 | $118,697,045 | $5,546,482 | $113,150,563 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,859,087
- Program service revenue
- $1,248,240
- Investment income
- $3,948,056
- Royalties
- $248,384
- Net gain from sales of assets
- $297,443
- Net income from fundraising events
- -$348,853
- Net income from sales of inventory
- $246,791
- Other revenue
- $175,027
Expenses
- Grants and similar amounts paid
- $12,080,158
- Compensation of officers, directors and key employees
- $1,344,837
- Other salaries and wages
- $7,802,207
- Salaries, compensation and benefits (total)
- $10,904,376
- Professional fundraising fees
- $6,000
- Legal fees
- $14,624
- Accounting fees
- $57,302
- Occupancy
- $347,717
- Travel
- $312,639
- Depreciation
- $579,436
- Program services (functional)
- $24,398,114
- Management and general (functional)
- $4,538,880
- Fundraising (functional)
- $3,713,607
Balance sheet and other
- Total assets, start of year
- $118,697,045
- Total assets, end of year
- $125,158,804
- Total liabilities, end of year
- $5,449,725
- Net assets, end of year
- $119,709,079
- Land, buildings and equipment
- $1,362,976
- Publicly traded securities
- $39,724,851
- Net assets without donor restrictions
- $77,705,576
- Net assets with donor restrictions
- $42,003,503
- Gross unrelated business income
- $211,620
- Gross receipts
- $44,924,685
- Employees
- 68
- Volunteers
- 0
- Year formed
- 2019
- 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 | Other / benefits |
|---|---|---|---|---|
| GREGORY T MCLAUGHLIN | DIRECTOR/PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $1,092,724 | $53,899 |
| GUY GARBARINO | SVP ADVANCEMENT Highest-paid employee | 40 | $393,452 | $33,657 |
| JENNIFER WEILER | SVP NETWORK RELATIONS Highest-paid employee | 40 | $318,216 | $33,303 |
| BLANTON JONES | VP ADVANCEMENT Highest-paid employee | 40 | $278,074 | $38,709 |
| JANE FADER | SVP COMMS & MARKETING Highest-paid employee | 40 | $272,843 | $32,001 |
| BENJAMIN JARVIS | VP STRATEGY & BUS. ENABLEMENT Highest-paid employee | 40 | $270,077 | $12,111 |
| DIANE TETSWORTH | TREASURER & SVP Officer | 30 | $185,506 | $12,708 |
| TIMOTHY W FINCHEM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VICTOR F GANZI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| EDWARD D HERLIHY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOHN B MCCOY | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGORY T MCLAUGHLIN | DIRECTOR/PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $1,015,585 | $45,552 |
| GUY GARBARINO | SVP ADVANCEMENT Highest-paid employee | 40 | $304,066 | $33,506 |
| JENNIFER WEILER | SVP NETWORK RELATIONS Highest-paid employee | 40 | $302,539 | $33,152 |
| BLANTON JONES | VP ADVANCEMENT Highest-paid employee | 40 | $277,980 | $37,925 |
| JANE FADER | SVP COMMS & MARKETING Highest-paid employee | 40 | $256,717 | $31,850 |
| BENJAMIN JARVIS | VP STRATEGY & BUS. ENABLEMENT Highest-paid employee | 40 | $249,116 | $9,000 |
| DIANE TETSWORTH | TREASURER & SVP Officer | 20 | $147,423 | $9,591 |
| TIMOTHY W FINCHEM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VICTOR F GANZI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| EDWARD D HERLIHY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOHN B MCCOY | DIRECTOR Trustee or director | 5 | $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)
- GREGORY T MCLAUGHLIN, 1 PGA TOUR BOULEVARD, PONTE VEDRA BEACH, FL 32082
- Signed the 990
- GREGORY T MCLAUGHLIN, CEO
- Phone
- (904) 940-4300
- Website
- firsttee.org
- Return prepared by
- GRANT THORNTON ADVISORS LLC
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. FIRST TEE ENABLES KIDS TO BUILD THE STRENGTH OF CHARACTER THAT EMPOWERS THEM THROUGH A LIFETIME OF NEW CHALLENGES. BY SEAMLESSLY INTEGRATING THE GAME OF GOLF WITH A LIFE SKILLS CURRICULUM, THE ORGANIZATION CREATES ACTIVE LEARNING EXPERIENCES THAT BUILD INNER STRENGTH, SELF-CONFIDENCE, AND RESILIENCE.
Program accomplishments
- FIRST TEE CURRICULUM SEAMLESSLY INTEGRATES LIFE SKILLS WITH GOLF SKILLS TO BUILD POSITIVE SOCIAL, EMOTIONAL AND CHARACTER TRAITS IN YOUNG PEOPLE, WHICH IS LEARNED THROUGH THE GOLF CONTEXT AND TRANSLATED TO EVERYDAY LIFE, INCLUDING SCHOOL. COACHES, TEACHERS AND YOUTH LEADERS RECEIVE MULTI-YEAR TRAINING AND LEADERSHIP DEVELOPMENT TO DELIVER THE CURRICULUM, WHICH TAKES PLACE ON GOLF COURSES, IN SCHOOLS AND THROUGH AFTER-SCHOOL PARTNER LOCATIONS. IN ADDITION, THE FIRST TEE OFFERS EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT FOR CHAPTER STAFF, VOLUNTEER BOARD LEADERS AND TEACHERS. FIRST TEE ALSO HOSTS NATIONAL EVENT OPPORTUNITIES FOR SELECTED CHAPTER YOUTH PARTICIPANTS TO ENHANCE THEIR LEADERSHIP, UNDERSTANDING OF DIVERSITY, EQUITY AND INCLUSION, AND LIFE SKILLS.Expenses $23,744,052 · grants $11,426,716 · revenue $1,248,240
- FIRST TEE COLLEGE SCHOLARSHIP PROGRAM IS AVAILABLE TO HIGH SCHOOL SENIORS WHO ARE ACTIVE IN THE FIRST TEE AND EXCEL IN ACADEMICS, LEADERSHIP, CHARACTER DEVELOPMENT, COMMUNITY AND HAVE DEMONSTRATED FINANCIAL NEED TO ATTEND COLLEGE. AS PART OF THE PROGRAM, STUDENTS ARE PAIRED WITH AN ADULT MENTOR THROUGHOUT THEIR COLLEGE EXPERIENCE AND ARE PROVIDED PROFESSIONAL DEVELOPMENT AND RESOURCES. SCHOLARS RECEIVE FINANCIAL SUPPORT UP TO $5,000 PER YEAR, RENEWABLE FOR FOUR YEARS BASED ON THE STUDENT'S PERFORMANCE. STUDENTS SELECT THE COLLEGE THEY WOULD LIKE TO ATTEND, AND THE FINANCIAL SUPPORT IS PAID DIRECTLY TO THE INSTITUTION OF THE RECIPIENT'S CHOICE.Expenses $654,062 · grants $653,442
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
- 83-4186070
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N6A)
- Assets (IRS master file)
- $125,158,804
- Income (IRS master file)
- $44,924,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $34,230,410 | $32,650,601 | $125,158,804 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $28,512,084 | $30,771,210 | $118,697,045 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $31,986,597 | $34,177,729 | $119,450,769 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 83-4186070).
Questions about PGA TOUR FIRST TEE FOUNDATION INC
- What is the EIN of PGA TOUR FIRST TEE FOUNDATION INC?
- The employer identification number (EIN) of PGA TOUR FIRST TEE FOUNDATION INC is 83-4186070.
- Is PGA TOUR FIRST TEE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PGA TOUR FIRST TEE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PGA TOUR FIRST TEE FOUNDATION 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 FIRST TEE FOUNDATION 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 FIRST TEE FOUNDATION 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 FIRST TEE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names GREGORY T MCLAUGHLIN.
- Who are the officers and directors of PGA TOUR FIRST TEE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 7 received compensation from the organization, the highest $1,092,724 (GREGORY T MCLAUGHLIN, DIRECTOR/PRESIDENT/SECRETARY).
- How much revenue does PGA TOUR FIRST TEE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $34,230,410, expenses of $32,650,601 and total assets of $125,158,804 at year end.
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