Normandie Reimagined Proposal

Normandie Reimagined is a philathropic venture by the Metropolitan Amateur Golf Association and its foundation, the Metropolitan Golf Foundation, in connection with Beyond Housing, a nationally recognized community development organization serving the 24:1 Community - an area comprised of multiple municipalities in North St. Louis

“This isn’t about restoring a historic course to it’s former glory or recreating the past. This is about moving our world forward ... to an under-served, predominately Black community, and the greatest golfer of all time.”

NORMANDIE REIMAGINED PROPOSAL TABLE OF CONTENTS 1 Welcome 2-4 Who and What Is Normandie Reimagined 5 Normandie Purchase Press Release - May 2022 6 Normandie and First Tee Press Release - Oct 2022 7 Normandie Remagined Update - Dec 2022 8-9 Normandie Surrounding Aerial Map 10-11 Jack Nicklaus Signature Golf Course Routing 12-13 Southeast Corner of Property 14-15 Clubhouse Layout 16-17 Caddie House/Tech Center 18-19 Artist Rendering - Front of Clubhouse 20-21 Artist Rendering - Rear of Clubhouse 22-23 Artist Rendering - Aerial from Driving Range 24 Total Project Budget 25 5-Year Pro Forma 26 Donors To Date 27 Pledge Agreement 28 Exhibits

Welcome to Normandie Reimagined!

The following pages will give you a deeper perspective into our project.

Who we are, What is Normandie Reimagined and Why this project is important to the revitalization of North St. Louis County.

While we are renovating the historic, but dilapidated, Normandie Golf Course...the real story is about the community and work that will be done for the youth of an underserved part of North St. Louis County!

Many have compared us to the work at East Lake Golf Club in Atlanta, GA. While that is fair, it is really much different. East Lake is a high-end private corporate club...Normandie will remain a public golf course available to all! And, most importantly, it will be a Jack Nicklaus Signature Golf Course unlike anything in North St. Louis County!

Thank you for taking the time to review this proposal!

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I.

Our Organization The Metropolitan Golf Foundation (MGF), the philanthropic arm (FEIN #43-1755262) of the Metropolitan Amateur Golf Association (MAGA, www.metga.org), has partnered with Beyond Housing (BH) in forming Normandie Reimagined (www.metga.org/normandie-reimagined). It will completely re-develop the Normandie Golf Course and ancillary facilities into a premier facility designed by the world’s leader in this field – Jack Nicklaus and Nicklaus Design. Beyond Housing over the last two decades has made and coordinated significant investments through its 24:1 comprehensive vision for North County.

MAGA was founded in 1992 as the regional Allied Golf Association as licensed by the United States Golf Association and established its Foundation in 2006. It specifically assists youngsters to embrace the values of golf and provides other programs that offer equitable opportunities for youth from under-resourced communities. The organization today serves over 145 member clubs and provides handicap services to over 22,000 individuals. MAGA serves the Metropolitan Saint Louis region as well as all of Central and Southern Illinois.

The target population for the Normandie Reimagined project is youth and families served by the Normandy Schools Collaborative and by our partner Beyond Housing (www.beyondhousing.org), which has invested more than $160 million in asset-driven programming in North County since 1975. This area encompasses 23 municipalities in North St. Louis County, all within a short distance of the Normandie Golf Course, with a population of over 36,000 residents.

Hundreds of young people are expected to be directly served once the project opens in 2024, along with thousands more from the many youth golf programming groups in the St. Louis Metropolitan region that will utilize the new facility on regular basis.

Golf is a powerful and generous game, contributing over $4 billion/year to charities in the United States. The game provides a fantastic hands-on education for youth to develop discipline, leadership and life-skills. An opportunity to develop skills relevant to the 2 million jobs in this $84.1 billion sports industry.

Golf’s popularity is surging among all major demographics as Americans seek to improve health, wellness and stressreduction. Yet urban, low-income and minority players are seriously under-represented due to barriers like high participation costs, lack of transportation and limited exposure to the sport through school teams and community proximity - all these realities/issues are being addressed by this project.

II.

Normandie Reimagined will include • • • •

• •

• •

Transforming the historic but dilapidated Normandie course completed in 1901, via our $20M campaign.

Complete renovation of the existing 18-hole course, including the construction of a new clubhouse, maintenance facility, caddie house/teen tech facilities and the resulting program establishment.

Property was purchased by the Metropolitan Golf Foundation from the University of Missouri System for $1.5M in May 2022.

Course redesign will include a Jack Nicklaus Signature Golf Course (www.nicklausdesign.com). Jack’s commitment, donation of his fee and assistance in fundraising is due to our unique mission consistent with his current social disparity concerns, and his long-standing relationship with Tom O’Toole, Jr. (MAGA Founder and Past USGA President).

Sitework to start in late 2022, scheduled improvements to be completed and course reopened in 2024.

Currently over 27,000 rounds/year are played at the course, and it is very popular course for African American golfers in St. Louis. Rounds will increase following renovation, while still maintaining a significant inventory for youth programming.

Walters Golf Management (www.wgmgolf.com) who currently manages the course will continue in that role upon completion.

Clayco is providing club house design and construction consulting (www.claycorp.com). They are located less than two miles from Normandie and all company services are being donated.

III.

Normandie Reimagined will benefit the youth and residents of North St. Louis County 1. Cultural Engagement • North St. Louis suffers from a lack of educational and recreational opportunities for youth and families; limited cultural activities; inadequate and low-paying jobs; and poor health outcomes. This project was designed in response to those needs and builds upon Beyond Housings’ investment through nationally acclaimed initiatives in the local area.

• As a nonprofit course, it will ensure the facility remains a community resource by ensuring continued affordable access. Normandie will continue golf operations with NO substantial price increases for golf! It will open the doors to educational and leadership opportunities for youth through internships, jobs, college scholarship-eligibility, partnerships with Normandie Schools Collaborative, and training in this career-critical sport.

• With no debt to drive up fees and an endowment for community-centered programing, playing will cost significantly less than comparable facilities. Special programs and fee/booking structures will ensure access to North County residents. Normandie Reimagined will be a unique cultural and recreational destination.

And will be the only golf course of its caliber located in this under-served North St Louis community.

• This project is helping to increase the awareness and economic viability of the Normandie area. The adjacent Incarnate Word Academy and UMSL are planning major development expansions in the next few years to diversify the economic base. The St. Charles Rock Road corridor along our southern boundary has had significant improvements, with more to come due to our project’s increased visibility. Our proximity to major highways, bus lines and METRO stops will improve ease of usage.

2. Youth Empowerment • The Western Golf Association (WGA) and its Evans Scholars program will train and fund caddie positions. (www.wgaesf.org). Our goal is to have approximately 1/3 of its rounds played with a caddie and/or forecaddie. Through its Caddie Program, the WGA has committed to absorb the $50 fee for each caddie round, resulting in substantial financial support. Players using caddies will only be responsible for gratuity and mentoring interaction with the caddies. Youth with these jobs will be eligible to apply for full-tuition/board Evans Scholarships at the University of Missouri-Columbia, where a shortage of in-state applicants means 20+ scholarships (valued at $125,000 each) currently go to out-of-state students.

• 100 seasonal jobs for high-school and college youth will provide training in positions spanning the range of operations, including retail, maintenance, hospitality, clubhouse and course operations, administration, accounting, and event planning. Fifteen (15) full-time employment opportunities will be available yearround.

• All youth and families in the community that participate in Beyond Housing’s programs (over 2000 individuals/yr) will have access to the course; and anyone who plays at the course will be invited to participate in Beyond Housing’s wide array of programming • Plans to launch Normandy High School’s first golf team in several decades. With corporate funding, starting with a 7th and 8th grade team which will have access to the course; professional instruction on golf swing, rules, and etiquette; and be provided uniforms and meals. The program will be free to participating students.

A qualified coach, uniforms, balls, gloves, shoes, professional instruction, and clubs will be provided. The goal is to have these students ready to play by the time the renovated course is opened in summer 2024.

3. STEM Preparedness • A Teen Tech Center is being designed into the new clubhouse and Caddie House. Normandie Reimagined will seek a partner with experience developing, equipping, and providing STEM focused programming to deliver this unique offering to project caddies and employees. There are multiple naming opportunities in connection with these programs.

4. Support for Heroes • Greens fee and special event discounts will continue to be offered to veterans and area first responders.

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IV.

Normandie Reimagined will be the hub of philanthropic golf in St. Louis Normandie Reimagined will be the hub of all golf philanthropic and youth-related efforts in the region and beyond. Partnerships and associated programming exist with numerous organizations, benefiting thousands of youths annually: • • • • • • • • • • •

V.

First Tee of Greater St. Louis LPGA/USGA Girls Golf Youth on Course Gateway PGA Junior Program Metropolitan Junior Amateur Championships Boys and Girls Clubs of Greater St. Louis Beyond Housing Affiliates Golf Foundation of Missouri Urban Golf of St. Louis Gene Slay’s Girls & Boys Club of St. Louis Programs for Clubs like Cadre 19, Tee Masters, working to provide support though golf to minority communities.

Management, Accountability and Sustainability 1. Financial Sustainability is the primary outcome this project will achieve due its unique not-for-profit business model of: • Current facility now breaks even financially • No long-term debt at present, none anticipated with renovation/expansion • Annual net operating income will be retained in our not-for-profit endowment • Supporting financial pro-forma attached 2. Metrics to track these outcomes: • The capital portion of the project will be finalized when the project phases are completed.

• Monthly/yearly financial statements from Walter’s Golf will be made available to all major benefactors.

• As our community programing further develops and evolves, a comprehensive evaluation plan will be developed tracking the numerous programs provided. Both in terms of the thousands of people that will utilize the facilities, the benefits/outcomes achieved, along with testimonials. A formal “Outcomes Report” will be published annually and be distributed to all major benefactors.

VI.

Exhibits 1. One page golf course redesign plan by Nicklaus Design 2. Splash map aerial provided by Clayco showing proximity of Normandie in metro area and modes of transportation (bus, metro, highways).

3. Southeast corner of property plans by Clayco/JLC 4. Exterior/interior renderings 5. Total Project Budget 6. 5-year Pro-forma showing conservative sustainability 7. Donors to Date listing 8. Latest Normandie Reimagined Brochure

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FOR IMMEDIATE RELEASE

Metropolitan Golf Foundation completes purchase of Normandie Golf Course ST. LOUIS, June 2, 2022– The Metropolitan Golf Foundation, the philanthropic arm of the Metropolitan Amateur Golf Association along with Beyond Housing have officially purchased the property known as Normandie Golf Course (Normandie). This marks another step in the vision becoming a reality to renovate the facility to a become a platform for social change. As previously announced Jack Nicklaus, the greatest champion in the history of golf, and his renowned Nicklaus Design firm agreed to join the philanthropic effort to renovate Normandie.

Nicklaus Design will lead the project and Mr. Nicklaus will donate his services for the renovation of Normandie, which was built in 1901 and is one of the oldest public golf courses west of the Mississippi. Nicklaus will not only lead the design effort and will support aid in the group’s fundraising efforts for facility construction of the project. Upon completion of the project, Normandie will become a Jack Nicklaus Signature Golf Course.

“The appeal of this project to me was to be involved in an effort that could serve as a catalyst to change needed in our country today, beginning with this region of St. Louis County,” Jack Nicklaus said. “Restoring Normandie for a community in need will have a long-lasting positive impact on the lives of youth in St. Louis.”

Nicklaus was introduced to the Normandie project in late 2020 by friend Tom O’Toole, Jr., past USGA President and MAGA Founder. He was quick to lend his support to the revitalization effort.

“Our fundraising efforts to date have allowed us to continue to move forward, but there is much work yet to be done” O’Toole said. “With Jack’s involvement, this is an effort that the businesses who thrive here as well, as the community at large can get behind to forever change the lives of youth in our region. We want to thank those who have already joined our efforts through donations, and we encourage all others that believe in our metropolitan region to join our efforts as well.”

This project is so much more than the renovation of a historic public golf course. It is about retaining a community asset for the benefit of a region by being a catalyst for socio-economic change in an under-served community.

“Once a community loses an asset of this magnitude, seldom is it regained, we now have the real estate which was key to assuring that does not happen” said Chris Krehmeyer, CEO of Beyond Housing. “This project expands and compliments the successful projects BH has developed in this region. No commitment is too small and businesses as well as individuals are asked to become part of this unique and impactful project.”

Once additional funding is secured for construction, the plan is to begin by year’s end. It is important to note, the golf course will remain open and continue to be operated by Walters Golf Management through the 2022 golf season.

Information on how you can make a donation is available at https://www.metga.org/nicklaus-and-normandie-donations/ About MAGA MAGA is an Allied Golf Association licensed by the USGA to provide amateur golf services in the Metropolitan St. Louis, Central and Southern Illinois regions. MAGA provides service to 150 member clubs and 20,000+ individual golfers. For more information, visit www.metga.org.

METROPOLITAN AMATEUR GOLF ASSOCIATION 11724 LACKLAND INDUSTRIAL DRIVE | ST. LOUIS, MO 63146 PH: (314) 567-MAGA

WEBSITE: WWW.METGA.ORG TWITTER: @METAMATEURGA FACEBOOK: FACEBOOK.COM/METAMATEURGA INSTAGRAM: @METAMATEURGA

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FOR IMMEDIATE RELEASE December 13, 2022

Normandie Reimagined Update

Golf Course to Remain Open into 2023

First Tee – Greater St. Louis Launches New Flagship Program at Historic Normandie Golf Club October 31, 2022 (St. Louis) - First Tee – Greater St. Louis is pleased to announce that Normandie Golf Club has been named their flagship course beginning in 2024.

“Normandie is a perfect fit for our organization’s strategic growth,” said Anne Klein, executive director of First Tee – Greater St. Louis. “As an addition to our already excellent footprint in the region, the course offers a convenient location and excellent experience to the young golfers and families we serve. We look forward to growing our youth programming together.”

First Tee is a youth development organization that enables kids to build strength of character by seamlessly integrating the game of golf with a life skills curriculum. They reached 456 children during their 2022 season with on-course lessons at seven locations. First Tee schooland community-based programming reaches more than 35,000 kids annually.

First Tee will be Normandie’s primary nonprofit partner for junior golf programming.

Normandie Golf Club is currently undergoing a $15 million redevelopment that will earn them a designation as a Jack Nicklaus Signature Golf Course. The course was founded in 1901 and is one of the oldest public courses west of the Mississippi. Its renovation is a collaboration between the Metropolitan Golf Foundation (the philanthropic arm of the Metropolitan Amateur Golf Association) and partner Beyond Housing.

Nicklaus, one of the most accomplished golfers of all time, is donating his services to lead the design effort due to Normandie’s notable history in golf.

“The Metropolitan Golf Foundation and the Normandie Reimagined team are thrilled that First Tee – Greater St. Louis will call Normandie Golf Club their flagship program in this region. This aligns with our goals of Normandie being the hub for junior golf programming in this region!" said Curt Rohe, Executive Director of the Metropolitan Amateur Golf Association. ###

ST. LOUIS, MO: The Metropolitan Golf Foundation (course owners) and Walters Golf Management (operators) wish to update our patrons, donors, area golfers and residents on the renovation progress of the Normandie Golf Course. Nicklaus Design has completed their design and routing of the golf course and design of the non-golf improvements are well underway with the assistance of the Lamar Johnson Collaborative (Clayco).

Over the next several weeks you will begin to see work on the golf course which will primarily focus on removal of brush and some tree work. The actual golf course construction process began with setting the date for bid submittals from interested contractors to November 1, 2022. Because of the current challenges of the construction industry and supply chain issues only two (2) firms submitted bids. In addition, both companies that bid indicated their schedules, along with labor shortages, would not permit them to commence construction until August 2023. In light of those circumstances, and anticipating the construction schedule consistent with that timeframe, we intend to remain open until on or about August 1, 2023. Information about passholder, tournaments, senior bundles and leagues will be forthcoming. The fact is, generating revenue until construction commences is viable to the financial stability of the project.

Fundraising remains our number one priority. We would like to thank all of those who have already contributed to this worthy community focused endeavor and encourage anyone interested in donating, please do so through the link below. It is vital that we get support from our St. Louis corporate community. This is a unique opportunity to help positively change the direction of the lives of the children of North County and beyond.

In the meantime, know we will always be good stewards of the funds provided by donors. We will continue to be vigilant and financially sensitive to how we place orders while addressing ongoing supply chain issues. We will also work with both local and national golf course construction companies to ensure that we can build this Jack Nicklaus Signature Golf Course in the most affordable and financially responsible way.

The ultimate strategy is to use the renovation of Normandie Golf Course as a catalyst for social change, by implementing community employment, scholarship opportunities, mentoring, internships, as well as golf programming. The vision of Normandie Reimagined is centered on youth and community.

To view a video and collateral materials of the project, including the Nicklaus Design routing, please visit the Normandie Reimagined webpage by clicking this link: https://www.metga.org/nicklaus-andnormandie Metropolitan Golf Foundation 11724 Lackland Industrial Drive | St. Louis, MO 63146

Ph: (314) 567-6242 | Website: www.metga.org

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AERIAL MAP AROUND NORMANDIE GOLF COURSE V

LAMBERT AIRPORT

INTE

RST AT E 27

0

IN

AN DY AVE

NORMANDIE GOLF COURSE

RM

ST. ANN CATHOLIC SCHOOL INCARNATE WORLD ACADEMY

NO

0

TE RSTA TE 1

7

UMSL

NORMANDY HIGH SCHOOL

RL

(18

0)

RI

DG

E

RD

PI SSIP SS I MI

RD

(11

5)

HIG

BLV D

GS

FAIRGROUNDS PARK

KIN

ER NK S KI

R RIVE

2 MILES

HW AY B

LVD

ES RO CK

LB RA

HA

TU NA

ST C

DELMAR LOOP

CLAYTON

WASH U.

4 MILES

FOREST PARK

CENTRAL WEST END MIDTOWN

INTERSTATE 64

DOWNTOWN

6 MILES TOWER GROVE PARK

NORMANDIE REGIONAL PLAN 8

S ILE 8M

10 M ILE S

INTERSTATE 44

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JACK NICKLAUS SIGNATURE GOLF COURSE RENDERING

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11

SOUTHEAST CORNER OF PROPERTY (NORMANDY DRIVE & ST. CHARLES ROCK ROAD)

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9

OUTDOOR EVENT PAVILLION (COVERED)

1

PRACTICE PUTTING GREEN

DELIVERY PARKING SECONDARY ENTRANCE CLUB HOUSE

GOLFCART DRIVEWAY

PERMEABLE PAVERS

BAG DROP

VE DY A

MAN

PARKING 130SPACES TOTAL

NOR

DR IV IN G

RA NG E

CADDIE HOUSE

30’

10

PRIMARY ENTRANCE

ST CHARLES ROCK ROAD

NORMANDIE SITE PLAN

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CLUBHOUSE MAIN LEVEL MAIN LEVEL – TYPICAL PLAN DA S

CLUB HOUSE MAIN LEVEL: LOWER LEVEL:

8090 SF 5885 SF

CADDIE HOUSE: MAIN LEVEL: LOWER LEVEL:

985 SF 985 SF

TOTAL BUILDING AREA:

15,945 SF

HE D

LIN EI

ND ICA TE S

RO OF A

BO VE

OUTDOOR PAVILLION

ND ICA TE S

RO OF A

BO VE

2374 SF

PRIVATE DINING

LIN EI

551 SF

RR

HE D

72 SF

DA S

18 SEATS

EW AL

L

RR

MO VA

BL

77 SF

OUTDOOR DINING

DASHED LINE INDICATES ROOF ABOVE

1228 SF

OUTDOOR LOUNGE

DINING

1547 SF

GAMING

CADDIE HOUSE MAIN LEVEL

1238 SF

LOUNGE

927 SF

514 SF

BREEZEWAY

PRO SHOP RR

WORK ROOM 163 SF

167 SF

274 SF

422 SF

442 SF

ADMIN

LOBBY

HISTORY HALL

846 SF

ELEV

1309 SF

KITCHENETTE

KITCHEN

2492 SF 100 SEATS

RR

444 SF

JAN

52 SF

VESTIBULE

DATA 74 SF

186 SF

ELEC 98 SF

MAIN ENTRANCE

0'

8'

16'

32'

NORMANDIE LEVEL 1 PLAN 14

15

CADDIE HOUSE AND TEEN TECH CENTER

CADDIE HOUSE MAIN LEVEL

GAMING

927 SF

ELEV

BREEZEWAY ACCESS

KITCHENETTE

N

CADDIE HOUSE MAIN LEVEL 1/4" = 1'-0"

CADDIE HOUSE WORK BENCH

854 SF

RR

65 SF

ELEV

GAMES

LOUNGE

LOCKERS

N

CADDIE HOUSE LOWER LEVEL 1/4" = 1'-0"

0'

2'

4'

8'

NORMANDIE CADDIE HOUSE - PLANS

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17

ARTIST RENDERING - ENTRANCE TO CLUBHOUSE

NORMANDIE CLUB HOUSE - ENTRY

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19

ARTIST RENDERING - REAR OF CLUBHOUSE / PRACTICE PUTTING GREEN

NORMANDIE RENDERING: TERRACE

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21

ARTIST RENDERING - AERIAL VIEW FROM ABOVE DRIVING RANGE TEE

NORMANDIE RENDERING

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Summary Income Statement - 5 Year Pro Forma/Sensitivity Model Normandie Golf Club Account

1st Renovation Year

Rounds

Total Project Budget • • • • • • • •

Land Purchase $ Golf Course Renovation Maintenance Building Clubhouse/Parking/Landscaping Clubhouse furniture, art, historical items ▪ $400,000 in FF&E in Clayco Estimate Owner Contingency ▪ $425,000 D&C contingency in Clayco Estimate Architectural Engineering/Testing Fees Clubhouse Construction Interest Expense ▪ TOTAL $

1,500,000 8,000,000 1,000,000 9,900,000 300,000 500,000 100,000 60,000 21,360,000

2nd Renovation Year

3rd Renovation Year

4th Renovation Year

5th Renovation Year

Full Year

Full Year

Full Year

Full Year

Full Year

27,500

28,500

29,500

30,500

32,500

Golf Shop Revenue Tournament Activity Founders Club Dues Merchnadise Sales Program Revenue/Rent Food & Beverage Revenue Liquor Revenue Other Food & Beverage Revenue Administrative Revenue Total Revenue

1,062,500.00 200,000.00 100,000.00 250,000.00 125,000.00 200,000.00 200,000.00 25,000.00 10,000.00 2,172,500.00

1,166,250.00 210,000.00 100,000.00 265,000.00 125,000.00 212,000.00 212,000.00 26,500.00 10,500.00 2,327,250.00

1,276,225.00 220,000.00 100,000.00 280,900.00 125,000.00 224,720.00 224,720.00 28,090.00 11,025.00 2,490,680.00

1,392,798.50 230,000.00 100,000.00 297,754.00 125,000.00 238,203.20 238,203.20 29,775.40 11,576.25 2,615,214.00

1,556,366.41 240,000.00 100,000.00 315,619.24 125,000.00 252,495.39 252,495.39 31,561.92 12,155.06 2,745,974.70

Food & Beverage Expense Food COGS Liquor COGS Kitchen Expense Clubhouse Expense Golf Shop Expense Golf Shop COGS Program Expense Maintenance Expense Administrative Expense Total Expenses

150,000.00 100,000.00 70,000.00 125,000.00 75,000.00 250,000.00 187,500.00 75,000.00 625,000.00 200,000.00 1,857,500.00

156,000.00 106,000.00 74,200.00 130,000.00 78,000.00 260,000.00 198,750.00 75,000.00 650,000.00 208,000.00 1,935,950.00

162,240.00 112,360.00 78,652.00 135,200.00 81,120.00 270,400.00 210,675.00 75,000.00 676,000.00 216,320.00 2,017,967.00

168,729.60 119,101.60 83,371.12 140,608.00 84,364.80 281,216.00 223,315.50 75,000.00 703,040.00 224,972.80 2,103,719.42

175,478.78 126,247.70 88,373.39 146,232.32 87,739.39 292,464.64 236,714.43 75,000.00 731,161.60 233,971.71 2,193,383.96

315,000.00

391,300.00

472,713.00

511,494.58

552,590.74

Net Income

Assumptions:

This total does not include the In-Kind commitment of Jack Nicklaus and his design work on a “Jack Nicklaus Signature” Golf Course. This commitment is valued in today’s market at $3,000,000.

Annual Increase in Revenue Projected at 6% Annual Increase In Expense Projected at 4% Projects a $42.50 average GF and an $80 Tournament Rate (25,000/2500 rounds) Projects 100 Founding Members at $1000 annually Renovation Years Project Tournament Activity which has been limited in the past, producing significant revenue while utilizing limited days/tee sheet inventory

Contemplates Maintenance Equipment not donated In-Kind to be on a capital lease and carts not donated In Kind on a true lease and will be part of the annual operating budget

Food and Beverage Income and Expense contemplates Tournament Activity and Wedding/Banquet Function Revenue Property is capable of doing more rounds and revenue, but this Pro Forma takes into account its Philanthropic Mission Comparisons:

Along with the project budget a significant endowment will be raised to ensure ongoing sustainability.

Gateway National plays 40,000 - 42,000 rounds and will do $2,500,000 in revenue Gateway National (bent grass) is on 165 acres compared to 117 at Normandie (warm season grassing) and Mainteneance budget $600,000 Bent Grass is signifivantly more expensive to maintain Stonewolf & Far Oaks do approximately the same revenue and expense as projected here with maintanence budgets of $525,000 Normandie preesently plays approximately 27,500 rounds, even in its present condition Merchandise Sales Comps: GNGL $250,000, SW $200,000, FO $200,000 F&B/Liquor Comps: GNGL $485,000, SW $375,000, FO $400,000 Projected Employee Counts FT/PT: Golf Shop : 3/6 Carts: 1/20 Grounds & Greens: 5/20 Food and Beverage: 4/25 Office: 1/2 Caddie Program: 2/75 Total: 16/148

December 15, 2022 19

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DONORS/PLEDGES TO DATE

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1-2-3 Club Ameren Ascension Bernoudy Foundation Beyond Housing Carrolton Bank Centene Chris Heit (Sugar Creek Capital) Christy and Ted Schlafly Club Car Dowd Bennett Ed Monser Enterprise Bank Friends of Normandie Great Southern Bank Greater St. Louis Golf Charities Green Family Foundation (Matt & Linda Renner) Guy and Kim Phillips Charitable Fund John Ferring John Stupp, Jr. KPMG (Andrew Davidson) Lenore Charitable Trust May Family Foundation Metropolitan Amateur Golf Association Midland States Bank Midwest Bank Centre MTI/Toro Nestle Norman J. Stupp Foundation Parkside Financial Rich Ryffel Ricky Nix Russell E Browning Family Foundation Schnuck Family Scott Engelbrecht Scott Turner (Individual) Spence Family Spire St. Louis Community Foundation Stan McCurdy Stephen Degman (ST) Steve Maritz Steve Rasche Stupp Brothers The Borts Gorman Charitable Fund (Mary Jo Gorman) The Dierberg Family Foundation Tim and Margaret Barrett Triad Bank UMB Wadsworth Golf Foundation TOTAL - $ 4,082,626.00

CHARITABLE PLEDGE AGREEMENT FOR NORMANDIE REIMAGINED Normandie Reimagined is a venture between Metropolitan Golf Foundation (“MGF”) and Beyond Housing (“BH”). (“PLEDGOR”) Address Email Address:

Phone Number:

Hereby pledges and agrees to pay to Metropolitan Golf Foundation (an entity that is tax exempt under Section 501c(3) of the Internal Revenue Code) the sum of $ CHECK ONE OF THE FOLLOWING: Pledgor agrees to make the future contribution in one lump sum for the purpose of satisfying this pledge and further agree that this pledge will be satisfied by Pledgor agrees to make future contributions in even installments of $ per calendar (month/quarter/year) beginning on with the full pledge contribution to be fully paid on or before .

CHECK ONE OF THE FOLLOWING: In consideration of this pledge agreement, Normandie Reimagined agrees to the following:

Pledgor acknowledges that Normandie Reimagined promises to use the amount pledged by Pledgor and Normandie Reimagined’s actual use of the money pledged by Pledgor for the purposes specified shall constitute a full and adequate consideration for this pledge.

Normandie Reimagined agrees that it will apply the pledged amount in accordance with Metropolitan Golf Foundation’s tax exempt purposes and that the pledge, when paid, will be tax deductible.

This pledge is made on

, 2022.

Make Check Payable to the Metropolitan Golf Foundation: Metropolitan Golf Foundation 11724 Lackland Industrial Drive St. Louis, MO 63146

Pledgor

Metropolitan Golf Foundation for Normandie Reimagined

By:

By:

Name: Title:

Name: G. Scott Engelbrecht Title: President

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EXHIBITS (Click on Image for Each)

Promotional Video

Normandie Reimagined Brochure

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