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Nonprofit · EIN 99-3712591

MASTERS TOURNAMENT CHARITIES INC

Tax-exempt · AUGUSTA, GA 30903

Financials

$77.2M$8.2M2024
Revenue Expenses · by fiscal year end
Financials of MASTERS TOURNAMENT CHARITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$77,199,689$8,235,887$68,963,802$72,631,985$3,879,979$68,752,006
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$67,019,504
Program service revenue
$9,724,023
Investment income
$456,162
Net gain from sales of assets
$65,478
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,000
Other salaries and wages
$880,549
Salaries, compensation and benefits (total)
$927,996
Professional fundraising fees
$0
Legal fees
$206,528
Occupancy
$221,638
Travel
$690,502
Program services (functional)
$8,224,855
Management and general (functional)
$11,032

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$72,631,985
Total liabilities, end of year
$3,879,979
Net assets, end of year
$68,752,006
Publicly traded securities
$10,081,088
Net assets without donor restrictions
$57,055,669
Net assets with donor restrictions
$11,696,337
Gross receipts
$77,909,364
Employees
0
Volunteers
11
Year formed
2024
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
EDWARD WILLIAM JONES JREXECUTIVE DIRECTOR
Trustee or director, Officer
1$0
FRED S RIDLEYCHAIRMAN OF BOARD
Trustee or director, Officer
1$0
ROBERT L JOHNSTONDIR, TREASURER, SECRETARY
Trustee or director, Officer
2$0
S TAYLOR GLOVERDIRECTOR, PRESIDENT
Trustee or director, Officer
2$0
BRIAN L ROBERTSDIRECTOR
Trustee or director
1$0
CRAIG L HEATLEYDIRECTOR
Trustee or director
1$0
EDWARD D HERLIHYDIRECTOR
Trustee or director
1$0
KESSEL D STELLING JRDIRECTOR
Trustee or director
1$0
LEE J STYSLINGER IIIDIRECTOR
Trustee or director
1$0
TERENCE F MCGUIRKDIRECTOR
Trustee or director
1$0
THOMAS C NELSONDIRECTOR
Trustee or director
1$0
W PATRICK BATTLEDIRECTOR
Trustee or director
1$0
KELLY FLANAGANCHIEF FINANCIAL OFFICER
Officer
1$0
STEVE ETHUNCHIEF TOURNAMENT OFFICER
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 2444, AUGUSTA, GA 30903-2444
In care of
% KELLY A FLANAGAN
Principal officer (990 for 2024)
EDWARD WILLIAM JONES JR, PO BOX 2444, AUGUSTA, GA 30903
Signed the 990
KELLY FLANAGAN, CFO
Phone
(706) 667-6000
Return prepared by
DELOITTE TAX LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $8,224,855 · grants $5,000 · revenue $9,724,023
  • 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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-3712591
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,631,985
Income (IRS master file)
$77,909,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$77,199,689$8,235,887$72,631,985XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-3712591).

Questions about MASTERS TOURNAMENT CHARITIES INC

What is the EIN of MASTERS TOURNAMENT CHARITIES INC?
The employer identification number (EIN) of MASTERS TOURNAMENT CHARITIES INC is 99-3712591.
Is MASTERS TOURNAMENT CHARITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to MASTERS TOURNAMENT CHARITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTERS TOURNAMENT CHARITIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASTERS TOURNAMENT CHARITIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASTERS TOURNAMENT CHARITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MASTERS TOURNAMENT CHARITIES INC?
The 990 for the year ended December 31, 2024 names EDWARD WILLIAM JONES JR.
Who are the officers and directors of MASTERS TOURNAMENT CHARITIES INC?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does MASTERS TOURNAMENT CHARITIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $77,199,689, expenses of $8,235,887 and total assets of $72,631,985 at year end.

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