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Posts tagged ‘How PGA spends revenue’

23
May

How Revenue is Spent at PGA Tour, Inc (2022)

The PGA Tour, Inc. is a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers – up to a maximum of 156 who participate in 47 events (44 regular events and 3 playoff events). The exact number of members is difficult to determine since there are various exemptions and player status (the top 125 ranked players have their card renewed annually but players ranked between 126-150 can retain their card and play when other golfers are not playing, and winning certain tournaments also guarantees a tour card). Read more »

14
Jul

How Revenue is Spent at the PGA

The Professional Golfer’s Association of America (PGA) is always a headline grabber but recently for all the wrong reasons. Seems the PGA is being investigated by the US Justice Department for anticompetitive behavior in their battle with the new Saudi Arabian start up, LIV Golf circuit.  Apparently, the PGA has suspended players who have chosen to play the for LIV Golf (a new start-up circuit offering vast sums of earnings for players who join and play golf on their circuit).

The PGA is a tax-exempt non-profit 501 (c) 6 – a professional business association –  that is set up and operates differently than most other professional non-profit business associations: Read more »