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Nonprofiteer
← CENTURY CLUB CHARITIES INC

Form 990 for tax year 2023

Filed by CENTURY CLUB CHARITIES INC.

Totals

Total revenue
$12,611,754
Total expenses
$12,575,173
Contributions and grants received
$56,860
Grants paid
$1,597,728
Program service revenue
$12,390,192
Investment income
$133,999
Other revenue
$30,703
Total assets, end of year
$6,955,606
Total liabilities, end of year
$2,987,169
Net assets or fund balances, end of year
$3,968,437
Program services expenses (Part IX)
$12,053,517
Management and general expenses
$521,656
Fundraising expenses
$0
Program service expenses (Part III)
$12,053,517

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $56,860

  • 2a · Program service revenue: SPONSORSHIPS

    total $9,419,190 · related or exempt $9,419,190

  • 2b · Program service revenue: HOSPITALITY

    total $1,354,338 · related or exempt $1,354,338

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $446,923 · related or exempt $446,923

  • 2d · Program service revenue: PGA TOUR

    total $280,000 · related or exempt $280,000

  • 2e · Program service revenue: TICKET SALES

    total $121,176 · related or exempt $121,176

  • 2f · All other program service revenue

    total $768,565 · related or exempt $768,565

  • 3 · Investment income

    total $133,999 · excluded $133,999

  • 11a · Other revenue: NET INVESTMENT RETURNS

    total $16,731 · unrelated business $16,731

  • 11b · Other revenue: UNREALIZED GAIN/LOSS

    total $13,972 · unrelated business $13,972

  • 11e · Other revenue, total

    $30,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,597,728 · program services $1,597,728

  • 7 · Other salaries and wages

    total $484,637 · management and general $484,637

  • 9 · Other employee benefits

    total $72,768 · program services $72,768

  • 10 · Payroll taxes

    total $45,450 · program services $45,450

  • 11b · Fees: legal

    total $115 · management and general $115

  • 11c · Fees: accounting

    total $18,661 · management and general $18,661

  • 11g · Fees: other

    total $273,029 · program services $273,029

  • 13 · Office expenses

    total $6,677 · program services $5,889 · management and general $788

  • 16 · Occupancy

    total $236 · program services $131 · management and general $105

  • 19 · Conferences, conventions and meetings

    total $2,146 · program services $2,146

  • 22 · Depreciation, depletion and amortization

    total $60,525 · program services $56,752 · management and general $3,773

  • 23 · Insurance

    total $2,818 · management and general $2,818

  • 24a · Other expenses: TOURNAMENT EXPENSE

    total $9,975,792 · program services $9,975,792

  • 24b · Other expenses: BUILDING MAINTANANCE AN

    total $11,082 · program services $10,323 · management and general $759

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $11,027 · program services $11,027

  • 24d · Other expenses: CONSULTING AND CONTRACT

    total $10,000 · program services $0 · management and general $10,000

  • 24e · All other expenses

    total $2,482 · program services $2,482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,880,744 · end of year $2,599,725

  • 2 · Savings and temporary cash investments

    beginning of year $967,456 · end of year $1,498,626

  • 4 · Accounts receivable

    beginning of year $406,653 · end of year $273,650

  • 8 · Inventories for sale or use

    beginning of year $29,994 · end of year $128,246

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,925,118 · end of year $69,472

  • 10a · Land, buildings and equipment: cost or other basis

    $1,097,196

  • 10b · Land, buildings and equipment: accumulated depreciation

    $304,576

  • 10c · Land, buildings and equipment, net

    beginning of year $803,644 · end of year $792,620

  • 12 · Investments: other securities

    beginning of year $60,008 · end of year $119,789

  • 15 · Other assets

    beginning of year $1,667,649 · end of year $1,473,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,283,061 · end of year $1,342,966

  • 19 · Deferred revenue

    beginning of year $2,858,698 · end of year $170,725

  • 25 · Other liabilities

    beginning of year $1,667,649 · end of year $1,473,478

  • 27 · Net assets without donor restrictions

    beginning of year $3,931,858 · end of year $3,968,437

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO CONDUCT A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL PROMOTE THE SOCIAL WELFARE OF MISSISSIPPI AND PROVIDE ANNUAL FINANCIAL CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS.

Activities or mission (Part I)

THE PRIMARY PURPOSE OF THE ORGANIZATION, A NOT FOR PROFIT CORPORATION, IS TO CONDUCT A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL PROMOTE THE SOCIAL WELFARE OF MISSISSIPPI AND PROVIDE ANNUAL FINANCIAL CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS.

  • TO MAKE DONATIONS TO LOCAL ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3)

    Expenses $1,597,728 · Grants $1,597,728

  • TO ADMINISTER AN ANNUAL PGA SANCTIONED GOLF TOURNAMENT TO PROMOTE THE SOCIAL WELFARE OF MISSISSIPPI AND GENERATE ANNUAL FUNDING TO AREA CHARITABLE ORGANIZATIONS

    Expenses $10,455,789 · Revenue $12,390,192

As filed on the 2023 return.

Listed in Part VII

  • JR WOODALL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DURR BOYLES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY LANG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEVE JENT

    EXECUTIVE DIRECTOR

    Total calculated
    $270,649
    From this org
    $238,481
    From related orgs
    $0
    Other
    $32,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $68,481
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,168
    Filer's total
    $270,649

  • RALPH CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOYCE HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA HEDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHALL LOEB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF MCCRARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HILARY BOROUGHS

    NON-VOTING REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • EUGENE A SIMMONS

    LEGAL REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS MINOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITCH STRINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOANNE WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP CARPENTER

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202433139349304753

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