2024-11-07T16:02:40-06:00 2023-12-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2023-01-01 362921655 NGF Education Inc NGFE 5617446006 501 N Highway A1A Jupiter FL 33477 JOSEPH BEDITZ President & CEO 5617446006 2024-10-29 1 0 Scott Y Haynes CPA P01366363 5616896000 2023 2024-10-15 13:58:12Z X Gregory Nathan 501 N Highway A1A Jupiter FL 33477 75000 0 X www.ngf.org X 1988 IL To provide educational programs and services for the golf community. (Continues on Schedule O) To implement & develop programs for the evaluation and testing of golf methods. 9 8 0 0 0 0 0 75000 0 0 0 0 0 0 0 75000 0 0 0 0 0 69933 0 0 0 0 32447 0 102380 0 -27380 0 48713 501592 577685 -501592 -528972 To provide educational programs and services for the golf community. To implement & develop programs for the evaluation and testing of golf methods. 0 0 102380 Developmental stage of educational program. 102380 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 FL X X Kim Isom 5617446006 501 N Highway A1A Jupiter FL 33477 John K Solheim Chairman 1.00 3.00 X X 0 0 0 Tim Schantz Vice Chairman 1.00 3.00 X X 0 0 0 Brad Hamilton Secretary/Treasurer 1.00 3.00 X X 0 0 0 Joe Assell Director 1.00 3.00 X 0 0 0 Anne Broholm Director 1.00 3.00 X 0 0 0 Mike McCarley Director 1.00 3.00 X 0 0 0 Annika Sorenstam Director 1.00 3.00 X 0 0 0 Dick Sullivan Director 1.00 3.00 X 0 0 0 Joseph Beditz CEO 2.00 38.00 X 0 517803 13477 Kim Isom Chief Financial Officer/Asst. Secretary 2.00 38.00 X 0 112955 7439 Gregory Nathan President & COO 2.00 38.00 X 0 237158 16851 David Lorentz Chief Research Officer 1.00 40.00 X 0 163444 2579 0 1031360 40346 0 0 1 0 0 75000 75000 75000 0 0 0 X 58789 58789 1643 1643 5220 5220 4281 4281 30285 30285 33 33 864 864 1265 1265 102380 102380 0 0 47994 0 719 0 48713 5945 501592 571740 501592 577685 X -501592 -528972 -501592 -528972 0 48713 -27380 0 X X 0 1 X 1 0 X 75000 75000 75000 75000 0 0 0 75000 75000 75000 1.00000 0.00000 X Schedule A, Part VI, List of Unusual Grants: Description: Grant to assist in the developmental stage. Date: 12/21/23 Amount: 75000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 National Golf Foundation, Inc. 567457 National Golf Consulting, Inc. 4283 571740 X 6276190 6201190 6201190 75000 0 75000 5971245 5868865 5868865 102380 0 102380 Part X, Line 2: NGF Education, Inc. is a not-for-profit corporations organized under Internal Revenue Code Section 501(c)(3) and as such, is exempt from federal and state income taxes except for unrelated business taxable income (UBTI) which is subject to taxation at regular corporate income tax rates. The Foundation follows FASB ASC 740, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Foundation assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Foundation uses the prescribed more likely than not threshold when making their assessment. There are currently no open Federal or State tax years under audit. Part XI, Line 2d - Other Adjustments: Consolidated Audit Report Revenue Adjustment 6,201,190. Part XII, Line 2d - Other Adjustments: Consolidated Audit Report Expense Adjustment 5,868,865. X 0 1 0 0 0 0 0 0 0 0 0 Joseph Beditz CEO 0 329962 0 187841 0 0 0 6930 0 6547 0 531280 0 0 Gregory Nathan President & COO 0 191643 0 45515 0 0 0 6404 0 10447 0 254009 0 0 David Lorentz Chief Research Officer 0 136664 0 26780 0 0 0 1344 0 1235 0 166023 0 0 Part I, Line 3 Related organization officer compensation determination methods: 1. Compensation committee. 2. Written employment contract. 3. Compensation survey or study. 4. Approval by the board or compensation committee. Form 990, Part VI, Section B, line 11b The Organization does not provide a complete copy for the Form 990 to all board members, but it is available to any member upon request. Form 990, Part VI, Section C, line 19 The Organization does not make its governing documents, policy, and financial statements, (other than the financial statements within form 990) available to the public. Form 990, Part IX, line 11g Other professional fees: Program service expenses 30,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,285. Part XII, Page 12, Line 2c The audit report is reviewed annually at the audit report review meeting as presented by the independent auditor. The process has not changed from prior years. National Golf Foundation Inc 501 N Highway A1A Jupiter FL 33477 362250699 To foster the growth and vitality of the game and business of golf. IL 501(C)(6) National Golf Foundation Inc 1 National Golf Foundation Consulting Inc 501 N Highway A1A Jupiter FL 33477 650074324 Golf Business Research, Information & Consulting. DE C 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 National Golf Foundation Inc E 567457 National Golf Consulting Inc B 4282 National Golf Consulting Inc C 75000