re: Did Taylor Gooch get fired from the 4 Aces team?

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It's almost like puting on a 4 day sporting event is expensive. 16% doesn't sound like a small number to me. I'd like to see a breakdown of their expenses before coming to the conclusion that giving 16% if their revenue was a paltry number. And given what we've seen from the WMO, $650k doesn't sound like a small number. I've seen normal people pay several grand on dumpster filling/collecting fees for a residence. Now do the math for a golf tournament with a couple hundred thousand spectators over 4 days.

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And you just watched the PGA tour more than double their prize money overnight to the pro golfers. That money was always there. But they weren't sharing until they had to.

Here's how it works: Take the FedEx St. Jude Classic in Memphis, Tenn. A nonprofit by the name of Youth Programs Inc. was formed in 1960 as a 501(c)(3) organization, which is the same public charity category as your local humane society, cancer research fundraising group, homeless shelter or Boys & Girls Clubs.

On its publicly available IRS form, the purpose of Youth Programs Inc. is to "host an annual professional PGA Tour sports event for the benefit of charitable organizations." In 2011, it made $15.3 million, about 89 percent of that from the golf tournament. It spent $15.3 million, which included about $6 million in prize money for the golfers and $5 million in TV promotion. It spent close to $1 million on tournament production and $500,000 on food and beverages, most likely at a discount because Youth Programs is also exempt from paying sales tax in Tennessee.

The amount actually spent on charity -- the money given to St. Jude's -- was $1.5 million, or 10 percent of tournament expenses. Only $253,742 of that was actual cash to the research hospital. The rest went to St. Jude ads aired during the televised tournament, pro-am entry fees, and air travel for celebrities.

Youth Programs Inc. president Jack Sammons declined a request for an interview.

Twenty-five of the tournaments on the primary PGA Tour circuit are arranged as 501(c)(3) public charities or private foundations, although not all of them account for tournament expenses in the same way. (The rest are either not run by a nonprofit, take place outside the United States, or are run directly by the PGA Tour.) IRS rules loosely dictate how the money raised has to be spent, but charity watchdog groups have set standards to determine what a responsible charity is, and Charity Navigator says -- at a minimum -- 65 percent of the money raised should be spent on providing actual charity.

The 501(c)(3) PGA tournaments average about 16 percent.