NonprofitsMasters Tournament Charities Inc

Recreation & Sports

Masters Tournament Charities Inc

AUGUSTA, GA

Total revenue

$77.2M

Total expenses

$8.2M

Net assets

$68.8M

Grants received

2 grants

EIN

993712591

Tax year

2024

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.

Programs

1 program

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.

0

Financials

FY 2024

Revenue

Contributions & grants$67.0M
Program service revenue$9.7M
Investment income$456K
Other revenue
Total revenue$77.2M

Expenses

Grants paid$5K
Salaries & benefits$928K
Fundraising
Other expenses$7.3M
Total expenses$8.2M
Total assets$72.6M
Net assets$68.8M

People

14 listed

NameRoleCompensation

EDWARD WILLIAM JONES JR

EXECUTIVE DIRECTOR

Board

1 hrs/wk

FRED S RIDLEY

CHAIRMAN OF BOARD

Board

1 hrs/wk

ROBERT L JOHNSTON

DIR, TREASURER, SECRETARY

Board

2 hrs/wk

S TAYLOR GLOVER

DIRECTOR, PRESIDENT

Board

2 hrs/wk

BRIAN L ROBERTS

DIRECTOR

Board

1 hrs/wk

CRAIG L HEATLEY

DIRECTOR

Board

1 hrs/wk

EDWARD D HERLIHY

DIRECTOR

Board

1 hrs/wk

KESSEL D STELLING JR

DIRECTOR

Board

1 hrs/wk

LEE J STYSLINGER III

DIRECTOR

Board

1 hrs/wk

TERENCE F MCGUIRK

DIRECTOR

Board

1 hrs/wk

THOMAS C NELSON

DIRECTOR

Board

1 hrs/wk

W PATRICK BATTLE

DIRECTOR

Board

1 hrs/wk

KELLY FLANAGAN

CHIEF FINANCIAL OFFICER

Board

1 hrs/wk

STEVE ETHUN

CHIEF TOURNAMENT OFFICER

Board

1 hrs/wk

Independent contractors

NBC UNIVERSAL MEDIA LLC

MEDIA

$1.9M

CHAMPIONS RETREAT ARCIS LLC

RECREATIONS

$477K

SPORTSMEDIA TECHNOLOGY CORPORATION

MEDIA

$356K

IBM CORPORATION

MEDIA

$312K

ACKERMAN GREENSTONE NORTH AGUSTA LLC

DEVELOPMENT

$292K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$62.0M
COMMUNITY SUPPORT, ENRICHMENT, AND FOSTER SPORT OF GOLF
2024
DISTRIBUTION OUT OF CORPUS
2024

Funded by

from 1 funder · 2 grants · 2024

Masters Tournament Foundation Inc

· 2 grants · 2024

Details

EIN993712591
NTEE codeN6A
Subsection03
Ruling date2025-05
Formed2024
Employees0
Volunteers11
MASTERS TOURNAMENT CHARITIES INC — Mission, Financials & Grants Received | Grantivo