Public Charity

MASTERS TOURNAMENT CHARITIES INC

MASTERS TOURNAMENT CHARITIES INC is a nonprofit organization categorized as Public Charity based in AUGUSTA, GA. Its most recent IRS filing (2024) reports revenue of $77.2M, expenses of $8.2M, total assets of $72.6M.

EIN: 993712591 AUGUSTA, GA Golf NTEE: N6A Latest filing: 2024

Total Revenue$77.2M

Total Expenses$8.2M

Total Assets$72.6M

Grant Records1

Filing Years2024

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.

Where $100 goes at Masters Tournament Charities Inc

How Masters Tournament Charities Inc divides every $100 it spends, from its own Form 990 filings.

$100 Programs the work itself

<$1 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$50

The Masters Tournament Charities, inc

50% of program spending

$50

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…

About 50% (cost not reported)

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Brian L Roberts

DIRECTOR Craig L Heatley

DIRECTOR Edward D Herlihy

EXECUTIVE DIRECTOR Edward William Jones Jr

CHAIRMAN OF BOARD Fred S Ridley

CHIEF FINANCIAL OFFICER Kelly Flanagan

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$77.2M	$8.2M	$72.6M

Interactive year-over-year charts and full filing details available with membership.

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