Masters Tournament Charities Inc
100% goes to programs $0 to raise $100 Strong reserves
Masters Tournament Charities Inc is a 501(c)(3) organization based in Augusta, Georgia, registered in 2025, with $77,199,689 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 2444, Augusta, GA, 30903 EIN 99-3712591 Since 2025
Revenue (FY2024)
$77.2M
Recreation median: $129K
Expenses (FY2024)
$8.2M
Net assets
$68.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Masters Tournament Charities Inc: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating100 mo reserves · +89% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Masters Tournament Charities Inc: 100 mo reserves · +89% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Masters Tournament Charities Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Masters Tournament Charities Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Masters tournament charities, inc. will continue the primary mission started by masters tournament foundation, inc. to support the game of golf's continuous growth around the world, including through education and amateur golf competitions, and will also support and pursue broader charitable purposes including community development and supporting education, especially in economically disadvantaged populations in the augusta community and through needs based financial assistance for disaster relief, hardships, financial emergencies, as well as scholarships and fellowships for qualified individuals, including current and future augusta national employees and their families.
What they do
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.
Contact & location
- Address
- Po Box 2444, Augusta, GA, 30903
- City
- Augusta
- State
- Georgia
- Category
- Recreation & Sports
- Subcategory
- Amateur Sports
- Phone
- …
- Website
- …
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.9MNet assets $68.8M
Operating margin
89.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$72.6M
Total liabilities
$3.9M
Net assets
$68.8M
Salaries & benefits
$928K
11% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $77,199,689 | $8,235,887 | $68,752,006 | $72,631,985 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian L Roberts | Director | 1 | — |
| Craig L Heatley | Director | 1 | — |
| Edward D Herlihy | Director | 1 | — |
| Edward William Jones Jr | Executive Director | 1 | — |
| Fred S Ridley | Chairman of Board | 1 | — |
| Kelly Flanagan | Chief Financial Officer | 1 | — |
| Kessel D Stelling Jr | Director | 1 | — |
| Lee J Styslinger III | Director | 1 | — |
| Robert L Johnston | Dir, Treasurer, Secretary | 2 | — |
| S Taylor Glover | Director, President | 2 | — |
| Steve Ethun | Chief Tournament Officer | 1 | — |
| Terence F Mcguirk | Director | 1 | — |
| Thomas C Nelson | Director | 1 | — |
| W Patrick Battle | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nbc Universal Media LLC | Media | $1,877,000 |
| Champions Retreat Arcis LLC | Recreations | $477,274 |
| Sportsmedia Technology Corporation | Media | $355,680 |
| Ibm Corporation | Media | $312,074 |
| Ackerman Greenstone North Agusta LLC | Development | $291,618 |
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Frequently asked questions
- Is Masters Tournament Charities Inc a legitimate nonprofit?
- Yes. Masters Tournament Charities Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 99-3712591, based in Augusta, Georgia. Donations are tax-deductible.
- What is Masters Tournament Charities Inc's EIN?
- Masters Tournament Charities Inc's Employer Identification Number (EIN) is 99-3712591.
- How much revenue does Masters Tournament Charities Inc report?
- Masters Tournament Charities Inc reported $77,199,689 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Masters Tournament Charities Inc's spending goes to programs?
- Masters Tournament Charities Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Masters Tournament Charities Inc have?
- CharityIndex grades Masters Tournament Charities Inc A, based on program efficiency and fundraising cost.
- How much does Masters Tournament Charities Inc's highest-paid employee make?
- The highest reported compensation on Masters Tournament Charities Inc's latest Form 990 is $0, paid to Brian L Roberts (Director).
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Data for Masters Tournament Charities Inc (EIN 99-3712591) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.