11.37am 11th March 2025 - <a href="https://golfbusinessnews.com/news/corporate/">Corporate</a> <br><a href="https://www.pga.org">The PGA of America</a> recorded over $172 million in total revenue for the year ending March 31, 2024, reflecting a 33% increase from the previous year, according to the association’s latest tax return.<br>The year’s revenue, driven heavily by tournament income, marks the second-highest total since at least 2010, trailing only the 2021-22, which included the US-hosted Ryder Cup at Whistling Straits. <br>Investment income rose by $15 million to $20.5 million, while program service revenue, which includes tournament revenue, surged to $149 million. Nearly $134 million came directly from tournament operations, thanks partly to the 2023 Ryder Cup in Rome.<br>The PGA’s total assets grew to nearly $451 million by year’s end, up from $407 million. Expenses also increased to nearly $185 million, up 25% largely due to the costs associated with hosting the Ryder Cup overseas. <br>NBC Universal topped the list of independent contractors, earning $2.6 million for broadcast coverage. <br>Former CEO Seth Waugh’s total compensation exceeded $3.8 million, up from $3.2 million the previous year, while Chief Championships Officer Kerry Haigh was the second highest-paid employee with $1.2 million in total compensation.<br>The golf industry witnessed a spectacular evening of accomplishment, as the winners of 59club MEA Service Excellence Awards, were unveiled at an illustrious awards event hosted at Dubai Creek Golf & Yacht Club in the UAE.<br>Hampton Court Palace and Pyrford Lakes, both of which are run by Get Golfing, are the two latest UK golf clubs to choose Golfmanager to help manage their day-to-day digital operations.<br>The arrival of a ChipMaster woodchipper from GreenMech has proved transformative for the greenkeeping team at Ashridge Golf Club.<br><a href="https://twitter.com/home?status=https://golfbusinessnews.com/news/corporate/pga-of-america-reports-33-revenue-rise/" rel="noopener" data-via="eGolfBusiness" data-hashtags="GolfBusinessNews">Share on Twitter</a> <br><a href="https://www.linkedin.com/shareArticle?mini=true&url=https://golfbusinessnews.com/news/corporate/pga-of-america-reports-33-revenue-rise/&title=PGA+of+America+reports+33%25+revenue+rise&source=GolfBusinessNews.com" rel="noopener">Share on LinkedIn</a><br>GolfBusinessNews.com (GBN) is for the many thousands of people who work in the golf business all around the world.<br>We cover the full range of topics both on and off the course. We aim to supply essential information both quickly and accurately in a format which is easy to use. We are independent of all special interest groups.<br><a style="font-weight: 600;" href="https://eepurl.com/bpOC9">Click here to sign up</a> for our free twice weekly golf industry news summary<br>View the <a class="gbn-latest-email" href="https://golfbusinessnews.com/weekly-emails/todays-top-stories-from-gbn-11/">latest newsletter</a> here<br>5/7 High Street<br>Dorchester-on-Thames<br>Oxfordshire OX10 7HH<br>United Kingdom<br><a href="mailto:publisher@golfbusinessnews.com">publisher@golfbusinessnews.com</a><br>© 1999-2025 <a href="https://golfbusinessnews.com">e.GolfBusiness.com Limited</a> | All Rights Reserved. | <a href="/privacy-policy/">GBN Privacy Policy</a> <br><br><a href="https://news.google.com/rss/articles/CBMiiwFBVV95cUxPSHlaRU1NMWpSOFFuYVpDM1RveGRaZ0xJRGNLblRzMlB6b0d2MnFzaFI5TUY3bDhuWlBMcGtGY1hJZGZNYnI1bnJXdTVIN1VJNFRMVzVYNE4tOWZ5NkY2cWtjcURjZ2xWdzBsR3YyeVphNmVtSlpRSEZ4R3lnYTFXaWZRdFRRRnJiNW1B?oc=5">source</a>
