MASTERS TOURNAMENT CHARITIES INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MASTERS TOURNAMENT CHARITIES INC (EIN 99-3712591)
- Tax period
- 2024-01-19 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202523219349310707
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T12:20:26-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1230 PEACHTREE STREET NE SUITE 3100 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-19 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 993712591 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASTERS TOURNAMENT CHARITIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAST | BusinessNameControlTxt |
| Phone | 7066676000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2444 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30903 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELLY FLANAGAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7066676000 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANDREW MAUDE | PreparerPersonNm |
| PTIN | P00706613 | PTIN |
| Phone | 4042201500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | EDWARD WILLIAM JONES JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2444 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $77,909,364 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2024 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | MASTERS TOURNAMENT CHARITIES, INC. WILL CONTINUE THE PRIMARY MISSION STARTED BY MASTERS TOURNAMENT FOUNDATION, INC. TO SUPPORT THE GAME OF GOLF'S CONTINUOUS GROWTH AROUND THE WORLD, INCLUDING THROUGH EDUCATION AND AMATEUR GOLF COMPETITIONS, AND WILL ALSO SUPPORT AND PURSUE BROADER CHARITABLE PURPOSES INCLUDING COMMUNITY DEVELOPMENT AND SUPPORTING EDUCATION, ESPECIALLY IN ECONOMICALLY DISADVANTAGED POPULATIONS IN THE AUGUSTA COMMUNITY AND THROUGH NEEDS BASED FINANCIAL ASSISTANCE FOR DISASTER RELIEF, HARDSHIPS, FINANCIAL EMERGENCIES, AS WELL AS SCHOLARSHIPS AND FELLOWSHIPS FOR QUALIFIED INDIVIDUALS, INCLUDING CURRENT AND FUTURE AUGUSTA NATIONAL EMPLOYEES AND THEIR FAMILIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $67,019,504 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $9,724,023 | CYProgramServiceRevenueAmt |
| CY Investment Income | $456,162 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| CY Total Revenue | $77,199,689 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $5,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $927,996 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| CY Other Expenses | $7,302,891 | CYOtherExpensesAmt |
| CY Total Expenses | $8,235,887 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $68,963,802 | CYRevenuesLessExpensesAmt |
| Total Assets EOY | $72,631,985 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $3,879,979 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances EOY | $68,752,006 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MASTERS TOURNAMENT CHARITIES, INC. INSPIRED BY THE ENDURING PHILOSOPHIES OF ITS INITIAL MEMBER, THE MASTERS TOURNAMENT FOUNDATION, AND MASTERS TOURNAMENT FOUNDERS BOBBY JONES AND CLIFFORD ROBERTS, IS COMMITTED TO PROMOTING GOLFS DOMESTIC AND INTERNATIONAL DEVELOPMENT THROUGH FINANCIAL INVESTMENT AND ACTIVE PARTICIPATION IN INITIATIVES AIMED AT PRESERVING THE TRADITIONS OF THE GAME AND SHARING ITS MANY VIRTUES. THE INITIAL PRIMARY COMMITMENT OF THE CORPORATION IS TO UTILIZE THE MEDIUM OF GOLF AND OTHER AMATEUR SPORTS COMPETITIONS TO ENHANCE THE LIVES OF YOUTH AND YOUNG ADULTS THROUGH PARTICIPATION AND JOB TRAINING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,224,855 | ExpenseAmt |
| Grant | $5,000 | GrantAmt |
| Revenue | $9,724,023 | RevenueAmt |
| Desc | THE MASTERS TOURNAMENT CHARITIES, INC. OVERSEES THE MANAGEMENT AND OPERATIONS OF THE AUGUSTA NATIONAL WOMEN'S AMATEUR, LLC "ANWA", WHICH CONDUCTS AN ANNUAL WORLD RENOWNED INTERNATIONAL AMATEUR GOLF TOURNAMENT FOR WOMEN. THE EVENT WAS ESTABLISHED AND IS OPERATED TO INSPIRE GREATER INTEREST AND PARTICIPATION IN THE GAME OF GOLF FOR WOMEN AND SUPPORTS AMATEUR SPORTS COMPETITION. THE MTC PROVIDES FUNDS FOR TRAVEL, EXPENDITURES, ENTRY FEES AND OTHER COSTS ASSOCIATED WITH PARTICIPATION IN THE TOURNAMENT FOR AMATEUR GOLFERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $0 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE PATCH PROJECT, LLC (TPP) IS WHOLLY-OWNED BY MTC AND IS ESTABLISHED TO STRENGTHEN THE AVAILABILITY AND QUALITY OF PUBLIC GOLF IN THE COMMUNITY AND FOSTER EVEN GREATER OPPORTUNITIES TO PLAY THE GAME AND WORK IN THE SPORT. THROUGH TPP LLC, MTC PLANS TO HIRE WORLD-RENOWNED GOLF ARCHITECTS AND MAKE SUBSTANTIAL CAPITAL EXPENDITURES TO RENOVATE AND REDESIGN THE AUGUSTA MUNICIPAL GOLF COURSE. ANOTHER SIGNIFICANT CHARITABLE AND EDUCATIONAL PURPOSE OF THE PATCH PROJECT IS TO SUPPORT THE GAME OF GOLF BY ENHANCING THE GOLF COURSE MANAGEMENT PROGRAM OF AUGUSTA TECH. THERE WERE NO EXPENSES FOR TPP IN 2024. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $8,224,855 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELLY FLANAGAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7066676000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2444 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30903 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| EDWARD WILLIAM JONES JR | |||||||
| EXECUTIVE DIRECTOR | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| FRED S RIDLEY | |||||||
| CHAIRMAN OF BOARD | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBERT L JOHNSTON | |||||||
| DIR, TREASURER, SECRETARY | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S TAYLOR GLOVER | |||||||
| DIRECTOR, PRESIDENT | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRIAN L ROBERTS | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CRAIG L HEATLEY | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EDWARD D HERLIHY | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KESSEL D STELLING JR | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LEE J STYSLINGER III | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TERENCE F MCGUIRK | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS C NELSON | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| W PATRICK BATTLE | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KELLY FLANAGAN | |||||||
| CHIEF FINANCIAL OFFICER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE ETHUN | |||||||
| CHIEF TOURNAMENT OFFICER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NBC UNIVERSAL MEDIA LLC | |||||
| PO BOX 402971 | ATLANTA | GA | 30384 | MEDIA | $1,877,000 |
| CHAMPIONS RETREAT ARCIS LLC | |||||
| 37 CHAMPIONS PARKWAY | EVANS | GA | 30809 | RECREATIONS | $477,274 |
| SPORTSMEDIA TECHNOLOGY CORPORATION | |||||
| 3511 UNIVERSITY DRIVE | DURHAM | NC | 27707 | MEDIA | $355,680 |
| IBM CORPORATION | |||||
| 1 NORTH CASTLE DRIVE | ARMONK | NY | 10504 | MEDIA | $312,074 |
| ACKERMAN GREENSTONE NORTH AGUSTA LLC | |||||
| 3301 WINDY RIDGE PARKWAY STE 320 | ATLANTA | GA | 30339 | DEVELOPMENT | $291,618 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 162 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $67,019,504 | AllOtherContributionsAmt |
| Noncash Contributions | $42,448,342 | NoncashContributionsAmt |
| Total Contributions | $67,019,504 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AUGUSTA NATIONAL WOMENS AMATEUR | Desc |
| Business | 711210 | BusinessCd |
| Total Revenue Column | $9,724,023 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,724,023 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,724,023 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $390,684 | TotalRevenueColumnAmt |
| Exclusion | $390,684 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $775,153 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $709,675 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $65,478 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $65,478 | TotalRevenueColumnAmt |
| Exclusion | $65,478 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,199,689 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,724,023 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $456,162 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $880,549 | TotalAmt |
| Program Services | $880,549 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,447 | TotalAmt |
| Program Services | $47,447 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,138 | TotalAmt |
| Program Services | $68,138 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,528 | TotalAmt |
| Program Services | $206,528 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,501 | TotalAmt |
| Program Services | $292,501 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,312 | TotalAmt |
| Program Services | $68,312 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,801 | TotalAmt |
| Program Services | $33,801 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432 | TotalAmt |
| Program Services | $432 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,638 | TotalAmt |
| Program Services | $221,638 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $690,502 | TotalAmt |
| Program Services | $690,502 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,423 | TotalAmt |
| Program Services | $2,423 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TOURNAMENT EXPENSES | $3,318,951 | $3,318,951 | |
| BROADCASTING & COMMUNIC | $1,966,086 | $1,966,086 | |
| MEALS & ENTERTAINMENT | $284,339 | $284,339 | |
| ALL OTHER EXPENSES | $149,240 | $138,208 | $11,032 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,235,887 | TotalAmt |
| Program Services | $8,224,855 | ProgramServicesAmt |
| Management And General | $11,032 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $33,241,635 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $240,920 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $115,631 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $130,205 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,081,088 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $28,333,937 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $488,569 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $72,631,985 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,041,579 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,838,400 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,879,979 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $57,055,669 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,696,337 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $68,752,006 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $72,631,985 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $68,963,802 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$211,796 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $67,019,504 | CurrentTaxYearAmt |
| Total | $67,019,504 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $9,724,023 | CurrentTaxYearAmt |
| Total | $9,724,023 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $76,743,527 | CurrentTaxYearAmt |
| Total | $76,743,527 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $62,019,504 | CurrentTaxYearAmt |
| Total | $62,019,504 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $62,019,504 | CurrentTaxYearAmt |
| Total | $62,019,504 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $14,724,023 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $390,684 | CurrentTaxYearAmt |
| Total | $390,684 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $390,684 | CurrentTaxYearAmt |
| Total | $390,684 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $77,134,211 | CurrentTaxYearAmt |
| Total | $77,134,211 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | Yes (X) | First5Years509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS | Desc |
| Book Value | $28,333,937 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $28,333,937 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $76,987,892 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$211,797 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$211,797 | RevenueNotReportedAmt |
| Revenue Subtotal | $77,199,689 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $77,199,689 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,235,887 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,235,887 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,235,887 | TotalExpensesPerForm990Amt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,085,180 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST OR SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Securities Miscellaneous SecuritiesMiscellaneousGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $28,345,437 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST OR SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | CHARITABLE LLC | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,017,724 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST OR SELLING PRIC | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBERS REPORTED IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | KELLY FLANAGAN, EDWARD WILLIAM JONES, JR., AND STEVE ETHUN HAVE A BUSINESS RELATIONSHIP WITH FRED S. RIDLEY AS WELL AS ALL DIRECTORS LISTED ON PART VII. |
| FORM 990, PART VI, SECTION A, LINE 6 | FOR THE PERIOD COVERED BY THIS FILING, MASTERS TOURNAMENT FOUNDATION, INC. SERVED AS THE SOLE MEMBER OF MASTERS TOURNAMENT CHARITIES, INC. |
| FORM 990, PART VI, SECTION A, LINE 7A | MASTERS TOURNAMENT CHARITIES, INC.'S GOVERNING BODY IS COMPRISED OF THE SAME INDIVIDUALS SERVING ON THE MEMBER'S GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF DIRECTORS MAY TAKE ACTION BY A VOTE OF A MAJORITY OF THE DIRECTORS PRESENT AT ANY DULY HELD MEETING OF THE BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT AND ACTING THROUGHOUT; PROVIDED, HOWEVER, THAT THE FOLLOWING ACTIONS SHALL BE TAKEN BY THE BOARD OF DIRECTORS ONLY UPON THE FAVORABLE VOTE OF AT LEAST TWO-THIRDS OF THE DIRECTORS PRESENT AND ONLY WITH THE APPROVAL OF THE MEMBER: (A) TO CHANGE THE PHILOSOPHY, OBJECTIVES AND PURPOSES OF THE CORPORATION FOR WHICH IT WAS FORMED AND EXISTS. (B) TO AMEND, ALTER, MODIFY OR REPEAL THE ARTICLES OF INCORPORATION OR THESE BYLAWS. (C) TO MERGE, CONSOLIDATE OR AFFILIATE THIS CORPORATION WITH ANOTHER CORPORATION, ORGANIZATION OR PROGRAM. (D) TO DISSOLVE, LIQUIDATE, OR TERMINATE THE EXISTENCE OF THE CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THIS FORM 990 IS PREPARED BY THE MTC TAX DEPARTMENT IN CONJUNCTION WITH DELOITTE TAX, LLP (DELOITTE). AS PART OF THIS PROCESS, THE MTC TAX DEPARTMENT WORKS WITH OTHER DISCIPLINES AND FUNCTIONS WITHIN MTC AND MTF TO ENSURE THAT ALL FINANCIAL AND NON-FINANCIAL DISCLOSURES ARE COMPLETE AND ACCURATE. EXAMPLES OF SUCH DEPARTMENTS INCLUDE BUT ARE NOT LIMITED TO: FINANCE AND ACCOUNTING, HUMAN RESOURCES AND PAYROLL, TREASURY, COMPLIANCE AND LEGAL. MASTERS TOURNAMENT CHARITIES, INC. 'S FORM 990 IS REVIEWED INTERNALLY BY THE MTC CHIEF FINANCE OFFICER AND EXTERNALLY BY DELOITTE. DELOITTE SIGNS THE FINAL RETURN AS PREPARER. A COPY OF THE COMPLETE RETURN IS THEN PROVIDED TO EACH MEMBER OF MASTERS TOURNAMENT CHARITIES, INC. 'S BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD OF DIRECTORS DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN ESTABLISHING COMPENSATION FOR MASTERS TOURNAMENT CHARITIES INC.'S COMPENSATION FOR OFFICERS, DIRECTORS, HIGHEST COMPENSATED EMPLOYEES AND HIGHEST COMPENSATED INDEPENDENT CONTRACTORS, THE CORPORATION SHALL ABIDE BY THE FOLLOWING CONDITIONS: A. ALL INDIVIDUALS THAT APPROVE COMPENSATION ARRANGEMENTS WILL FOLLOW A CONFLICT OF INTEREST POLICY. B. ALL COMPENSATION ARRANGEMENTS SHALL BE APPROVED IN ADVANCE OF PAYING COMPENSATION. C. THE DATE AND ALL TERMS OF APPROVED COMPENSATION ARRANGEMENTS WILL BE DOCUMENTED IN WRITING. D. THE DECISION MADE BY EACH DIRECTOR (INDIVIDUAL), AND THEIR RESPECTIVE VOTE, IF ANY, CONCERNING ALL COMPENSATION ARRANGEMENTS SHALL BE RECORDED IN WRITING. E. THE DIRECTORS WILL APPROVE ALL COMPENSATION ARRANGEMENTS BASED UPON INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND/OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. F. ALL INFORMATION, AND ITS SOURCE, WHICH THE DIRECTORS RELY UPON TO BASE DECISIONS CONCERNING ANY AND ALL COMPENSATION ARRANGEMENTS SHALL BE RECORDED IN WRITING. MASTER'S TOURNAMENT CHARITIES INC. NOTES THAT THERE WAS NO COMPENSATION FOR ITS OFFICERS, DIRECTORS, HIGHEST COMPENSATED EMPLOYEES AND HIGHEST COMPENSATED INDEPENDENT CONTRACTORS FOR THE TAX YEAR ENDED DECEMBER 31, 2024. |
| FORM 990, PART VI, SECTION C, LINE 18 | MASTERS TOURNAMENT CHARITIES, INC. MAKES ITS FORM 1023, 990, AND 990T AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990 AND 990-T, IF APPLICABLE, ARE PROVIDED VIA THE IRS WEBSITE. |
| FORM 990, PART VI, SECTION C, LINE 19 | MASTERS TOURNAMENT CHARITIES, INC.'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 13: | THE ORGANIZATION ANSWERED "NO" TO THE QUESTION REGARDING WHETHER IT HAD A WRITTEN WHISTLEBLOWER POLICY. AS THE FIRST YEAR OF THE CHARITY'S EXISTENCE, THE ORGANIZATION IS IN THE PROCESS OF ADOPTING SUCH. |
| FORM 990, PART VI, SECTION B, LINE 14: | THE ORGANIZATION ANSWERED "NO" TO THE QUESTION REGARDING WHETHER IT HAD A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. AS THE FIRST YEAR OF THE CHARITY'S EXISTENCE, THE ORGANIZATION IS IN THE PROCESS OF ADOPTING SUCH. |
| FORM 990, PART IX: | MASTERS TOURNAMENT CHARITIES, INC. DID NOT ENGAGE IN ANY FUNDRAISING EFFORTS FOR THE TAX YEAR ENDED DECEMBER 31, 2024. ALL ACTIVITIES LISTED ON THE STATEMENT OF FUNCTIONAL EXPENSES ARE ASSOCIATED WITH THE START UP OF THE CHARITY. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| AUGUSTA NATIONAL WOMENS AMATEUR LLC | |||||||||
| PO BOX 2444 | AUGUSTA | GA | 30903 | 993712591 | FOSTERING THE SPORT OF GOLF | GA | $9,837,432 | $9,447,542 | MASTERS TOURNAMENT CHARITIES INC |
| THE PATCH PROJECT LLC | |||||||||
| PO BOX 2444 | AUGUSTA | GA | 30903 | 993712591 | FOSTERING THE SPORT OF GOLF | GA | $0 | $0 | MASTERS TOURNAMENT CHARITIES INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASTERS TOURNAMENT FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2444 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274452110 | EIN |
| Primary Activities | FOSTERING THE SPORT OF GOLF | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AUGUSTA NATIONAL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| AUGUSTA NATIONAL INC | |||||||||
| 2604 WASHINGTON ROAD | AUGUSTA | GA | 30904 | 580148990 | OPERATIONS OF GOLF FACILITY | GA | C | 0 | |
| JUNIPER INVESTMENTS LLC | |||||||||
| 2604 WASHINGTON ROAD | AUGUSTA | GA | 30904 | 371906651 | INVESTMENT COMPANY | GA | C | 0 | AUGUSTA NATIONAL INC |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASTERS TOURNAMENT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionTypeTxt |
| Involved | $62,019,503 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R PART V, QUESTION 2 | FormAndLineReferenceDesc |
| Explanation | ON JANUARY 19, 2024, AND IN CONJUNCTION WITH THE FORMATION OF MTC, THE MTF GRANTED ITS MEMBERSHIP INTEREST IN AUGUSTA NATIONAL WOMEN'S AMATEUR, LLC (ANWA) TO MTC. ANWA IS A SINGLE- MEMBER LLC, THE PRIMARY PURPOSES OF WHICH IS TO CONDUCT AN AMATEUR GOLF EVENT AIMED AT STIMULATING GROWTH AND INSPIRING GREATER INTEREST IN WOMEN'S GOLF. MTC RECORDED CASH AND NONCASH ITEMS OF ANWA AT THEIR RESPECTIVE CARRYING VALUES ON THE DATE OF TRANSFER TOTALING TO $4,017,724. ON DECEMBER 19. 2024, MTF GRANTED MTC $58,001,779, INCLUSIVE OF $38,430,617 IN INVESTMENTS AND $19,571,162 OF CASH AND CASH EQUIVALENTS AT THEIR RESPECTIVE CARRYING VALUES ON THE DATE OF THE TRANSFER. THE GRANT FROM MTF IS CONSIDERED TO BE AN EQUITY TRANSFER. | ExplanationTxt |