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Nonprofit · EIN 52-0999206

PGA TOUR INC

Tax-exempt · PONTE VEDRA, FL 32082

Financials

$1.8B$1.9B2023$760.6M$1.2B2024
Revenue Expenses · by fiscal year end
Financials of PGA TOUR INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$760,607,406$1,212,293,737-$451,686,331$3,863,253,473$2,276,936,555$1,586,316,918
December 31, 2023990$1,828,533,185$1,890,652,204-$62,119,019$4,339,305,907$3,109,358,630$1,229,947,277
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$437,036,936
Investment income
$293,168,539
Royalties
$29,321,469
Net rental income
$313,085
Net gain from sales of assets
$135,911,624
Net income from sales of inventory
$79,554
Other revenue
$30,401,931

Expenses

Grants and similar amounts paid
$37,248,655
Compensation of officers, directors and key employees
$65,545,107
Other salaries and wages
$26,544,974
Salaries, compensation and benefits (total)
$104,180,560
Professional fundraising fees
$0
Legal fees
$2,088,555
Accounting fees
$393,190
Occupancy
$834,291
Travel
$12,956,225
Depreciation
$2,864,042

Balance sheet and other

Total assets, start of year
$4,339,305,907
Total assets, end of year
$3,863,253,473
Total liabilities, end of year
$2,276,936,555
Net assets, end of year
$1,586,316,918
Land, buildings and equipment
$47,449
Publicly traded securities
$381,540,448
Gross unrelated business income
$41,176,743
Gross receipts
$1,618,350,971
Employees
375
Volunteers
11,193
Year formed
1974
State of legal domicile
MD

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Woods Eldrick TigerPlayer Director
Trustee or director
20$18,344,359$0$10,983,616
Monahan Joseph WCommissioner & President
Officer
12$8,575,105$9,628,541$1,024,205
Spieth JordanPlayer Dir / Asst Secretary
Trustee or director, Officer
20$10,138,950$0$5,730,737
Cantlay PatrickPlayer Director
Trustee or director
20$7,789,941$0$6,321,944
Price Ronald EChief Operating Officer
Officer
11$2,176,823$11,015,810$26,712
Scott AdamPlayer Director
Trustee or director
20$7,356,258$0$4,183,201
Brown LeonardChief Global Business Ventures
Officer
5$512,765$2,464,600$242,582
Anderson Richard DEVP & Chief Commercial Officer
Officer
4$732,256$1,895,555$497,379
Malnati PeterPlayer Director
Trustee or director
20$2,560,624$0$411,801
Keller Allison WChief Admin Ofc / Secretary
Officer
12$918,677$1,718,068$324,655
Shetty Neera MChief Legal Ofc & EVP Soc Resp
Officer
14$552,285$1,756,402$130,302
Simpson James WebbPlayer Dir / Asst Treasurer
Trustee or director, Officer
20$718,745$0$1,601,626
Madara Jay MEVP & CFO / Treasurer
Officer
7$502,108$1,623,903$68,432
Dennis Leland TChief Competitions Officer
Officer
34$1,149,834$764,500$155,800
Oliver Brian MEVP Corporate Partnerships
Highest-paid employee
4$496,185$969,173$135,271
18 more people on this return
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Neal LauraEVP Brand Communications
Key employee
9$473,796$753,083$112,674
Gambuzza Norbert MEVP Media
Highest-paid employee
3$281,892$751,459$138,782
Gore JasonEVP & Chief Player Officer
Key employee
60$1,105,212$0$66,166
Triola James CCOO Golf Course Properties
Highest-paid employee
1$9,182$1,018,261$82,135
Glod Daniel T JrSVP Business Development
Highest-paid employee
5$278,317$667,755$130,399
Goicouria Luis ESVP Media
Highest-paid employee
5$145,087$776,549$124,342
Baldwin Alexandra CPresident Korn Ferry Tour
Key employee
5$271,061$678,922$68,007
Brady Jack M JrPresident PGA TOUR Champions
Key employee
5$242,559$524,758$140,956
Weitz AndrewCMO & EVP Inv Rel, As of 08/05
Key employee
15$213,086$639,259$8,100
Sharkey Kenneth JFormer EVP & CFO
Former
5$112,615$0$0
Votaw Ty MFormer EVP International
Former
5$112,500$0$0
Herlihy Edward DChairman / President
Trustee or director, Officer
10$0$0$0
Dunne James J IIIIndependent Dir, Thru 05/12
Trustee or director
10$0$0$0
Flaherty Mark AIndependent Dir, Thru 05/18
Trustee or director
10$0$0$0
Gorder JoeIndependent Director
Trustee or director
20$0$0$0
Meeker Mary GIndependent Director
Trustee or director
10$0$0$0
Lindert JohnPGA of America Dir, Thru 11/06
Trustee or director
1$0$0$0
Rea Don JrPGA of America Dir As of 11/07
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 36 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
McIlroy RoryPlayer Dir/Treas, Thru 11/13
Trustee or director, Officer
10$23,832,458$0$1,108,894
Monahan Joseph WCommissioner
Officer
40$12,715,749$3,873,427$6,704,170
Woods Eldrick TigerPlayer Director, As of 08/01
Trustee or director
10$20,637,146$0$11,846
Spieth JordanPlayer Dir/Treas, As of 11/16
Trustee or director, Officer
10$15,901,193$0$388,572
Cantlay PatrickPlayer Director
Trustee or director
10$12,733,838$0$1,041,149
Price Ronald EChief Operating Officer
Officer
40$8,351,725$4,326,935$378,196
Pazder James AChf Tourn&Comp Ofc, Thru 08/31
Officer
40$2,955,547$980,372$547,383
Keller Allison WChief Administrative Officer
Officer
40$1,340,886$1,230,355$729,088
Anderson Richard DChief Commercial Officer
Officer
40$1,758,423$633,731$701,957
Brown LeonardChief Legal Ofc & EVP Licenses
Officer
40$894,046$774,739$445,353
Oliver Brian MEVP Corporate Partnerships
Highest-paid employee
40$1,345,158$130,156$462,137
Madara Jay MEVP & Chief Financial Officer
Officer
40$1,247,914$352,071$314,692
Dennis Leland TChief Comp Ofc, As of 08/28
Officer
40$1,017,780$285,903$349,835
Malnati PeterPlayer Director
Trustee or director
10$1,402,154$0$205,923
Hegan Shawn PSVP Player Relations
Highest-paid employee
60$1,282,699$0$253,263
Ohno Robert KFormer SVP International Tours
Former
40$1,430,483$0$0
Shetty Neera MEVP Soc Resp & Inclusion/DGC
Key employee
40$909,423$148,571$325,827
Neal LauraEVP Brand Communications
Key employee
40$822,615$196,610$328,112
Gambuzza Norbert MSVP Media and Gaming
Highest-paid employee
40$777,997$184,249$279,819
Hoffman CharleyPlayer Director / Secretary
Trustee or director, Officer
10$1,006,352$0$173,075
Glod Jr Daniel TSVP Business Development
Highest-paid employee
60$915,189$0$252,723
Simpson WebbPlayer Director
Trustee or director
10$970,834$0$154,563
Gore JasonEVP & Chief Player Officer
Key employee
60$1,100,423$0$23,113
Rapp Matthew HSVP Championship Management
Highest-paid employee
60$879,116$0$232,795
Baldwin Alexandra CPresident Korn Ferry Tour
Key employee
60$885,433$0$218,271
Brady Jr Jack MPresident PGA TOUR Champions
Key employee
60$716,089$0$229,336
Sharkey Kenneth JFormer EVP & CFO
Former
40$205,192$0$0
Votaw Ty MFormer EVP International
Former
40$205,082$0$0
Wade Thomas EFormer Chief Commercial Ofc
Former
40$199,432$0$0
Herlihy Edward DChairman / President
Trustee or director, Officer
10$0$0$0
Dunne III James JIndependent Director
Trustee or director
10$0$0$0
Flaherty Mark AIndependent Director
Trustee or director
10$0$0$0
Gorder Joseph WIndependent Dir, As of 11/13
Trustee or director
10$0$0$0
Meeker Mary GIndependent Director
Trustee or director
10$0$0$0
Stephenson Randall LIndependent Dir, Thru 07/07
Trustee or director
10$0$0$0
Lindert JohnPGA of America Director
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, EVP/CFO
Phone
(904) 285-3700
Return prepared by
GRANT THORNTON ADVISORS LLC

Mission

THE PRINCIPAL MISSION OF PGA TOUR, INC. IS TO PROMOTE THE SPORT OF PROFESSIONAL GOLF THROUGH SANCTIONING AND ADMINISTERING GOLF TOURNAMENTS AND PROMOTING THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS. THIS IS ACCOMPLISHED BY PROVIDING COMPETITIVE EARNINGS OPPORTUNITIES FOR MEMBERS OF ITS VARIOUS PROFESSIONAL GOLF TOURS (PGA TOUR, PGA TOUR CHAMPIONS, KORN FERRY TOUR, AND PGA TOUR AMERICAS - COLLECTIVELY KNOWN AS THE PGA TOUR); PROTECTING THE INTEGRITY OF THE GAME; HELPING TO GROW GOLF TALENT BY OPERATING TWO (2) FEEDER TOURS AROUND THE WORLD; AND HELPING GROW THE REACH OF THE GAME IN THE U.S. AND AROUND THE WORLD.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PRINCIPAL MISSION OF PGA TOUR, INC. IS THE PROMOTION OF THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF THE TOURING PROFESSIONAL GOLFER AS WELL AS GROWTH OF THE GAME. THIS IS PRIMARILY ACCOMPLISHED THROUGH MANAGING AND CO-SPONSORING PROFESSIONAL GOLF TOURNAMENTS, SECURING CORPORATE SPONSORSHIP OF TOURNAMENTS AND OTHER PROGRAMS, AND SECURING TELEVISION EXPOSURE FOR ITS PROFESSIONAL GOLF TOURNAMENTS. BY MANAGING AND CO-SPONSORING FOUR PROFESSIONAL GOLF TOURNAMENT DIVISIONS (PGA TOUR, PGA TOUR CHAMPIONS, KORN FERRY TOUR, AND PGA TOUR AMERICAS - COLLECTIVELY KNOWN AS THE PGA TOUR), PGA TOUR, INC. PROVIDES OPPORTUNITIES FOR THE TOURING PROFESSIONAL GOLFER TO COMPETE AND EARN PRIZE MONEY AND BENEFITS WHILE GROWING THE GAME BY EXPOSING IT TO THE GENERAL PUBLIC THROUGH ATTENDANCE AND TELEVISION AND OTHER MEDIA ENGAGEMENT. IN 2024, THE VARIOUS TOURS COLLECTIVELY HELD 115 TOURNAMENTS. TOTAL PRIZE MONEY AND OTHER PLAYER-RELATED BENEFITS EARNED THROUGH COMPETITION BY PROFESSIONAL GOLFERS ACROSS THE VARIOUS TOURS IN 2024 EXCEEDED $975 MILLION. THESE TOURNAMENTS WERE PLAYED IN AT LEAST 35 U.S. STATES AND 16 DIFFERENT COUNTRIES IN 2024, ALLOWING PEOPLE THROUGHOUT THE WORLD THE OPPORTUNITY TO EXPERIENCE FIRST-HAND THE SPORT OF PROFESSIONAL GOLF. MEMBERS ON THE PGA TOUR REPRESENT THE WORLD'S BEST PLAYERS, HAILING FROM 28 COUNTRIES AND TERRITORIES. PGA TOUR, INC. SECURES TELEVISION COVERAGE FOR ITS TOURNAMENTS THROUGH AGREEMENTS WITH NATIONAL AND INTERNATIONAL BROADCASTERS AND CABLE CHANNELS. THE PGA TOUR HAS LONG-TERM DOMESTIC DISTRIBUTION PARTNERSHIPS FOR BROADCAST COVERAGE ON CBS, NBC, AND GOLF CHANNEL AND VIDEO STREAMING SERVICE ON ESPN+. INTERNATIONALLY, PGA TOUR COVERAGE IS AVAILABLE ACROSS 200+ COUNTRIES AND TERRITORIES IN 30 LANGUAGES VIA 44 BROADCAST AND DIGITAL PARTNERS. IN ADDITION TO TELEVISION COVERAGE, THE PGA TOUR IS EMBRACING DIGITAL MEDIA ACROSS MULTIPLE PLATFORMS, INCLUDING THE PGA TOUR APP AND A SUBSIDIARY'S WEBSITE, PGATOUR.COM. TO BRING THE PLAYERS CLOSER TO THE GENERAL PUBLIC, VOLUNTEERS, AND SPONSORS, THROUGH A SUBSIDIARY THE PGA TOUR CONTINUES TO GROW ITS PRESENCE ON SOCIAL MEDIA CHANNELS, INCLUDING YOUTUBE, FACEBOOK, INSTAGRAM (IN SPANISH, KOREAN AND JAPANESE), LINKEDIN, TIKTOK, X (IN ENGLISH, SPANISH AND JAPANESE); THE PGA TOUR CHANNEL ON FREE AD-SUPPORTED STREAMING TELEVISION (FAST) PLATFORMS SUCH AS THE ROKU CHANNEL, SAMSUNG TV PLUS, PLUTOTV, XUMO, LG CHANNELS, TUBI, AMAZON'S FREEVEE, FIRETV AND ALEXA DEVICES; AND WHATSAPP (IN ENGLISH AND SPANISH), WECHAT, WEIBO, TOUTIAO, AND DOUYIN. PGA TOUR, INC. AND THE LADIES PROFESSIONAL GOLF ASSOCIATION ("LPGA") MAINTAIN A STRATEGIC ALLIANCE DESIGNED TO FURTHER PROMOTE THE GROWTH OF PROFESSIONAL GOLF INCLUDING AREAS SUCH AS SCHEDULE COORDINATION, JOINT MARKETING, TELEVISION REPRESENTATION, DIGITAL MEDIA, AND THE DEVELOPMENT OF JOINT EVENTS INCLUDING THE ANNUAL GRANT THORNTON INVITATIONAL. THE PGA TOUR AND DP WORLD TOUR CONTINUED ITS STRATEGIC ALLIANCE, WITH THE TOURS EXPLORING ALL FACETS OF COLLABORATION. THIS COLLABORATION INCLUDES WORKING IN PARTNERSHIP ON A NUMBER OF AREAS INCLUDING GLOBAL SCHEDULING AND PLAYING OPPORTUNITIES FOR THE RESPECTIVE MEMBERSHIPS. THIS INCLUDES THE CO-SANCTIONING OF THE GENESIS SCOTTISH OPEN, TO APPEAR ON BOTH SCHEDULES, PROVIDING ACCESS TO DP WORLD TOUR MEMBERS TO TWO PGA TOUR EVENTS, AND GRANTING PGA TOUR MEMBERSHIP TO THE TOP 10 DP WORLD TOUR PLAYERS FROM THE PREVIOUS YEAR'S RACE TO DUBAI. THE MISSION OF GROWING THE GAME OF GOLF IS ENHANCED THROUGH TELEVISION, CORPORATE SPONSORSHIPS AND THE PROMOTIONAL ACTIVITIES ASSOCIATED WITH PROMOTING THE SPORT OF PROFESSIONAL GOLF. THE QUALIFIED SPONSORSHIP PAYMENTS RECEIVED BY PGA TOUR, INC., AS DEFINED IN INTERNAL REVENUE CODE SECTION 513(I), PROMOTE THE SPORT THROUGH FUNDS UTILIZED IN PART TO INCREASE PURSE AMOUNTS AND EARNINGS OPPORTUNITIES FOR PROFESSIONAL GOLFERS ON THE VARIOUS PROFESSIONAL GOLF TOURS COLLECTIVELY KNOWN AS THE PGA TOUR AND TO ACHIEVE PGA TOUR, INC.'S GOAL OF GIVING BACK TO THE COMMUNITIES THE PGA TOUR PLAYS IN, AS SET FORTH IN PART III, LINE 4B.
  • IN ADDITION TO PROMOTING AND BUILDING THE SPORT OF PROFESSIONAL GOLF, PGA TOUR, INC. IS COMMITTED TO GENERATING SUBSTANTIAL CHARITABLE CONTRIBUTIONS IN THE COMMUNITIES WHERE ITS TOURNAMENTS ARE PLAYED, EVEN THOUGH PGA TOUR, INC. IS NOT A CHARITABLE IRC SECTION 501(C)(3) ORGANIZATION. A MAJORITY OF THE TOURNAMENTS ARE OPERATED BY CHARITABLE ORGANIZATIONS THAT GIVE THE NET PROCEEDS FROM THE TOURNAMENT TO LOCAL CHARITIES. AREAS OF SUPPORT INCLUDE, BUT ARE NOT LIMITED TO, HEALTHCARE, EDUCATION, YOUTH DEVELOPMENT, DISASTER RELIEF, FOOD BANKS, MILITARY, AND ENVIRONMENT. THE PGA TOUR ALSO CONTINUES ITS 10-YEAR, $100+ MILLION COMMITMENT TO SUPPORT NONPROFIT ORGANIZATIONS THAT ADDRESS THE DISPARITIES THAT DISPROPORTIONATELY AFFECT BLACK CITIZENS AND UNDERREPRESENTED AND UNDERSERVED POPULATIONS. WITH THIS INCREASED FOCUS TO IMPROVE THE PGA TOUR'S UNDERSTANDING AND COLLABORATION WITH ITS PARTNERS AND COMMUNITIES, AT THE TIME OF FILING THIS RETURN, $174 MILLION HAS BEEN GENERATED, DRIVING IMPACT ACROSS COMMUNITIES. TO DATE, TOURNAMENTS ACROSS THE PGA TOUR HAVE GENERATED MORE THAN $4 BILLION OF TOTAL CHARITABLE DONATIONS SINCE THE FIRST $10,000 CONTRIBUTION WAS MADE IN 1938. THE PGA TOUR'S SUBSTANTIAL INVOLVEMENT IN THE CHARITABLE WORLD PROVIDES A PLATFORM FOR ITS MEMBERS TO RAISE SUBSTANTIAL CHARITABLE DOLLARS THROUGH THEIR INDIVIDUAL FOUNDATIONS AND FUNDRAISERS. FINALLY, IT SHOULD BE NOTED THAT, FROM TIME TO TIME, THE PGA TOUR MAKES CHARITABLE DONATIONS TO BONA FIDE CHARITIES AND FOUNDATIONS OPERATED FOR, BY, OR IN THE NAME OF PGA TOUR, INC. MEMBERS.
  • PGA TOUR, INC. INCLUDES, AS PART OF ITS MISSION STATEMENT, THE DEDICATION TO PROTECT THE INTEGRITY OF THE GAME OF PROFESSIONAL GOLF. THE TOURING PROFESSIONAL GOLFER HAS AN UNWAVERING ADHERENCE TO GOLF'S INHERENT VALUES, SUCH AS HONESTY, INTEGRITY, AND SPORTSMANSHIP. GOLF IS A SPORT IN WHICH PLAYERS CALL PENALTIES ON THEMSELVES, WHETHER AN INFRACTION IS VISIBLE TO OTHERS OR NOT. IT IS A SPORT IN WHICH COMPETITORS SHAKE HANDS AND CONGRATULATE ONE ANOTHER AT THE CONCLUSION OF EACH AND EVERY ROUND, TOURNAMENT OR MATCH, WITHOUT FAIL. IT IS ALSO A SPORT THAT FAITHFULLY TEACHES EACH GENERATION OF PARTICIPANTS FROM THE EARLIEST AGE THAT ITS RULES ARE UNCOMPROMISABLE. THESE ARE VALUES THAT PGA TOUR, INC.'S TOURING PROFESSIONAL GOLFERS LIVE BY AND DEMONSTRATE EVERY ROUND OF EVERY TOURNAMENT.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-0999206
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
1977
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,863,253,473
Income (IRS master file)
$1,618,350,971

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$760,607,406$1,212,293,737$3,863,253,473XML
990December 2023$1,828,533,185$1,890,652,204$4,339,305,907XML
990December 2022$1,897,747,134$1,865,792,074$5,277,164,005IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 52-0999206).

Questions about PGA TOUR INC

What is the EIN of PGA TOUR INC?
The employer identification number (EIN) of PGA TOUR INC is 52-0999206.
Is PGA TOUR INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1977.
Which annual return does PGA TOUR 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 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 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 INC?
The 990 for the year ended December 31, 2024 names JOSEPH W MONAHAN.
Who are the officers and directors of PGA TOUR INC?
The 990 for the year ended December 31, 2024 lists 33 people; 26 received compensation from the organization, the highest $18,344,359 (Woods Eldrick Tiger, Player Director).
How much revenue does PGA TOUR INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $760,607,406, expenses of $1,212,293,737 and total assets of $3,863,253,473 at year end.

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