Form 990 for tax year 2024
Filed by MASTERS TOURNAMENT CHARITIES INC.
Totals
- Total revenue
- $77,199,689
- Total expenses
- $8,235,887
- Contributions and grants received
- $67,019,504
- Grants paid
- $5,000
- Program service revenue
- $9,724,023
- Investment income
- $456,162
- Other revenue
- $0
- Total assets, end of year
- $72,631,985
- Total liabilities, end of year
- $3,879,979
- Net assets or fund balances, end of year
- $68,752,006
- Program services expenses (Part IX)
- $8,224,855
- Management and general expenses
- $11,032
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,224,855
Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
EDWARD WILLIAM JONES JR
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
FRED S RIDLEY
CHAIRMAN OF BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBERT L JOHNSTON
DIR, TREASURER, SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
S TAYLOR GLOVER
DIRECTOR, PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
BRIAN L ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CRAIG L HEATLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
EDWARD D HERLIHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KESSEL D STELLING JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LEE J STYSLINGER III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TERENCE F MCGUIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
THOMAS C NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
W PATRICK BATTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KELLY FLANAGAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
STEVE ETHUN
CHIEF TOURNAMENT OFFICER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MASTERS TOURNAMENT FOUNDATION INC
501(C)(3) · FOSTERING THE SPORT OF GOLF · GA
Directly controlled by AUGUSTA NATIONAL INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
AUGUSTA NATIONAL WOMENS AMATEUR LLC
FOSTERING THE SPORT OF GOLF · GA · income $9,837,432 · assets $9,447,542
Directly controlled by MASTERS TOURNAMENT CHARITIES INC
-
FOSTERING THE SPORT OF GOLF · GA · income $0 · assets $0
Directly controlled by MASTERS TOURNAMENT CHARITIES INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · OPERATIONS OF GOLF FACILITY · GA
-
C · INVESTMENT COMPANY · GA
Directly controlled by AUGUSTA NATIONAL INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349310707
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