New Search

Tiger Woods Foundation, Inc. 121 Innovation Drive Suite 150 Irvine, CA 92617

Information in this report was supplied by the nonprofit organization within the last two years.

Executive:	Mr Tiger Woods
Contact:	Ms. Alysia Hendricks , Grant Coordinator
Telephone:	(949) 725-3003
Fax:	(949) 725-3002
E-mail:	grant@tigerwoodsfoundation.org
Web Site:	http://www.tigerwoodsfoundation.org

Who We Are We empower young people to reach their highest potential by initiating and supporting community-based programs that promote the health, education and welfare of all of America's children. How to Help This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects, building improvements and endowments. Location(s) Served National

BASIC INFORMATION
EIN:	06-1468499
Fiscal Year:	2008
Assets:	$45,786,530
Income:	$54,797,917
Ruling Year:	1997
Year Founded:	1996
No. of Board Members:	10
No. of Full-time Employees:	11-20
No. of Part-time Employees:	0
No. of Volunteers:	501-1000
Tiger Woods Foundation, Inc. makes its audited financial statements available to the public upon request.

Mission
Founded in 1996 by Tiger Woods and his father Earl, the Tiger Woods Foundation empowers young people to reach their highest potential by initiating and supporting community-based programs that promote the health, education and welfare of all of America''s children.

Programs
TIGER WOODS LEARNING CENTER:
A 14-acre, 35,000-square-foot education facility located in Southern California. This $25 million project will provide math, science and language arts programs designed to take young people beyond the classroom and change the role of education in their world.

TARGET WORLD CHALLENGE:
Created in 1999, this golf tournament brings the world's top professional golfers to Southern California in a special competition that raises money for the Tiger Woods Learning Center and the Start Something Program.

TIGER JAM:
A unique benefit concert showcasing premier musical talent at the Mandalay Bay in Las Vegas, Nevada. Tiger Jam raises funds for the Tiger Woods Learning Center and youth-driven charities in Las Vegas.

JUNIOR GOLF:
"In The City" Golf Clinics are held in various cities across the country and inspire youth to apply lessons learned on the course to their lifetime dreams.
The TWF National Junior Golf Team competes annually in the Junior World Championships. The team was established to create opportunities and enhance the growth of junior golfers through international competition.

START SOMETHING:
Created by TWF and Target Stores, this program encourages kids 8-17 to identify a specific personal desire or goal and begin taking steps toward achieving their dreams. Kids can qualify for scholarships to fund their special interests.

GRANTS:
The Grant-Making Program supports organizations that specialize in education, youth development, and health and welfare. TWF awards grants to youth programs nationwide on a quarterly basis.

SCHOLARSHIPS:
Eight students per year receive scholarships from TWF. Two scholarships are awarded to students from Minerva High School, one scholarship to a student from the Atlanta Metropolitan area, and five scholarships are awarded to minority junior golfers through the National Minority Junior Golf Scholarship Association.

Goals and Results

Accomplishments for Fiscal Year Ending 12/31/2006

1. In February of 2006 we launched the Tiger Woods Learning Center. In 2006 the center served over 5000 kids.

1. Increase the number of students attending the Tiger Woods Learning Center.
2. Continue to contribute needed funds to organizations across the country that promote youth development and education.

Financial Data

From the organization's FORM 990   Data Accuracy

Revenue			Expenses
Contributions $9,176,454 Government Grants $0 Program Services $0 Investments $3,622,413 Special Events $0 Sales $0 Other $314			Program Services $5,004,041 Administration $748,675 Other $603,239  Total Expenditures $6,355,955
Total Revenue	$12,799,181		NET GAIN/LOSS	$6,443,226

Balance Sheet: Fiscal Year Ending September 30, 2007

Notes
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Assets	Oct 1, 2006	Sep 30, 2007	Change
Cash & Equivalent	$7,729,824	$11,765,088	$4,035,264
Accounts Receivable	$0	$1,144	$1,144
Pledges & Grants Receivable	$3,185,824	$2,547,378	$(638,446)
Receivables/Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investments/Securities	$29,913,378	$33,852,694	$3,939,316
Investments/Other	$0	$0	$0
Fixed Assets	$40,900	$294,064	$253,164
Other	$370,677	$522,161	$151,484
Total Assets	$41,240,603	$48,982,529	$7,741,926
Liabilities	Oct 1, 2006	Sep 30, 2007	Change
Accounts Payable	$104,208	$100,184	$(4,024)
Grants Payable	$562,500	$390,500	$(172,000)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$155,337	$155,337
Total Liabilities	$666,708	$646,021	$(20,687)
FUND BALANCE	$40,573,895	$48,336,508	$7,762,613

Leaders of the Organization

Chief Executive Profile

Board of Directors

Rob Light	Gail Dorn
Mark Steinberg, Esq.	Christopher J. Hubman
John Hayes	Peter Stringham
Hon. A. Deane Buchanan	Michael P. Johnson
Walter E. Douglas, Sr.	Earl D. Woods

Note to the Organization: Find out how to add to and update this information.

Questions about the GuideStar® database should be directed to customerservice@guidestar.org.

Copyright 2009, Philanthropic Research, Inc. All Rights Reserved. | Policies | Standards for Internet Philanthropy

GuideStar is the registered trademark and operating name of Philanthropic Research, Inc., a 501(c)(3) nonprofit organization.
Any other use, including resale of the information or use for commercial gain, is prohibited, except in accordance with a GuideStar licensing agreement.