Totals
- Total revenue
- $11,417,683
- Total expenses
- $11,277,132
- Contributions and grants received
- $82,741
- Grants paid
- $1,725,734
- Program service revenue
- $11,171,881
- Investment income
- $126,999
- Other revenue
- $36,062
- Total assets, end of year
- $5,420,237
- Total liabilities, end of year
- $847,129
- Net assets or fund balances, end of year
- $4,573,108
- Program services expenses (Part IX)
- $10,790,697
- Management and general expenses
- $486,435
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,790,697
Program services were 95.7% 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
$82,741
-
2a · Program service revenue: SPONSORSHIPS
total $8,068,000 · related or exempt $8,068,000
-
2b · Program service revenue: HOSPITALITY
total $1,400,710 · related or exempt $1,400,710
-
2c · Program service revenue: MEMBERSHIP DUES
total $370,555 · related or exempt $370,555
-
2d · Program service revenue: PGA TOUR
total $280,000 · related or exempt $280,000
-
2e · Program service revenue: TICKET SALES
total $116,855 · related or exempt $116,855
-
2f · All other program service revenue
total $935,761 · related or exempt $935,761
-
3 · Investment income
total $126,999 · excluded $126,999
-
11a · Other revenue: NET INVESTMENT RETURNS
total $36,062 · unrelated business $36,062
-
11e · Other revenue, total
$36,062
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,725,734 · program services $1,725,734
-
7 · Other salaries and wages
total $446,638 · management and general $446,638
-
9 · Other employee benefits
total $114,094 · program services $114,094
-
10 · Payroll taxes
total $44,677 · program services $44,677
-
11b · Fees: legal
total $143 · management and general $143
-
11c · Fees: accounting
total $18,616 · management and general $18,616
-
11g · Fees: other
total $307,884 · program services $307,884
-
13 · Office expenses
total $7,718 · program services $7,007 · management and general $711
-
16 · Occupancy
total $119 · management and general $119
-
20 · Interest
total $2,517 · program services $2,517
-
22 · Depreciation, depletion and amortization
total $60,628 · program services $57,472 · management and general $3,156
-
23 · Insurance
total $3,583 · management and general $3,583
-
24a · Other expenses: TOURNAMENT EXPENSE
total $5,035,857 · program services $5,035,857
-
24b · Other expenses: PURSE EXPENSE
total $3,478,078 · program services $3,478,078
-
24c · Other expenses: BUILDING MAINTANANCE AN
total $13,521 · program services $12,448 · management and general $1,073
-
24d · Other expenses: CONSULTING AND CONTRACT
total $12,000 · management and general $12,000
-
24e · All other expenses
total $5,325 · program services $4,929 · management and general $396
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,037,986 · end of year $2,837,042
-
2 · Savings and temporary cash investments
beginning of year $1,535,590 · end of year $1,294,721
-
4 · Accounts receivable
beginning of year $338,970 · end of year $278,532
-
8 · Inventories for sale or use
beginning of year $92,912 · end of year $57,598
-
9 · Prepaid expenses and deferred charges
beginning of year $47,587 · end of year $44,273
-
10a · Land, buildings and equipment: cost or other basis
$1,097,196
-
10b · Land, buildings and equipment: accumulated depreciation
$427,745
-
10c · Land, buildings and equipment, net
beginning of year $730,079 · end of year $669,451
-
12 · Investments: other securities
beginning of year $211,505 · end of year $238,620
-
15 · Other assets
beginning of year $1,275,388 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $456,161 · end of year $772,119
-
19 · Deferred revenue
beginning of year $105,915 · end of year $75,010
-
25 · Other liabilities
beginning of year $1,275,388 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,432,553 · end of year $4,573,108
Mission and programs · 2025
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 $1,725,734 · Grants $1,725,734
-
TO ADMINISTER AN ANNUAL PGA SANCTIONED GOLF TOURNAMENT TO PROMOTE THE SOCIAL WELFARE OF MISSISSIPPI AND GENERATE ANNUAL FUNDING TO AREA CHARITABLE ORGANIZATIONS
Expenses $9,064,963 · Revenue $11,171,881
As filed on the 2025 return.
Listed in Part VII
-
J Durr BoylesJ DURR BOYLES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Melissa HedermanMELISSA HEDERMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Marshall LoebMARSHALL LOEB
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Steve JentSTEVE JENT
EXECUTIVE DIRECTOR
- Total calculated
- $369,082
- From this org
- $328,562
- From related orgs
- $0
- Other
- $40,520
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,000
- Bonus
- $146,562
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $40,520
- Filer's total
- $369,082
-
Pic BillingsleyPIC BILLINGSLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph ClarkRALPH CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hilary BurroughsHILARY BURROUGHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jr WoodallJR WOODALL
NON-VOTING REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Brandi LongBRANDI LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff McCraryJEFF MCCRARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitch StringerMITCH STRINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnny LangJOHNNY LANG
NON-VOTING REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Joyce HallJOYCE HALL
LEGAL REPRESENTATIVE
- 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
-
FRIENDS OF CHILDREN'S HOSPITAL INC
$1,000,000
GENERAL ASSISTANCE
-
GENERAL ASSISTANCE
-
$50,000
GENERAL ASSISTANCE
-
$34,120
GENERAL ASSISTANCE
-
$27,500
GENERAL ASSISTANCE
-
$20,000
GENERAL ASSISTANCE
-
$20,000
GENERAL ASSISTANCE
-
GENERAL ASSISTANCE
-
$15,000
GENERAL ASSISTANCE
-
$15,000
GENERAL ASSISTANCE
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 26 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632399349300013
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.