Masters Tournament Charities Inc
Donations deductibleRevenue
$77.2m
year to 31 December 2024
Expenses
$8.2m
year to 31 December 2024
Total assets
$72.6m
$3.9m liabilities
Net assets
$68.8m
assets less liabilities
Directors and trustees
12
2.4 years on average
Staff
0
11 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
2
named in Part VII
Masters Tournament Charities Inc's network
12 people3 organisationsi12 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (12). Violet dotted lines (11) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
12 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 11 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Fred S Ridley Chair | Chairman of Board | 2024 | 2 yrs |
| Brian L Roberts | Director | 2024 | 2 yrs |
| Craig L Heatley | Director | 2024 | 2 yrs |
| Edward D Herlihy | Director | 2024 | 2 yrs |
| Edward William Jones JR | Executive Director | 2024 | 2 yrs |
| Kessel D Stelling JR | Director | 2024 | 2 yrs |
| Lee J Styslinger III | Director | 2024 | 2 yrs |
| Robert L Johnston | Dir, Treasurer, Secretary | 2024 | 2 yrs |
| S Taylor Glover | Director, President | 2024 | 2 yrs |
| Terence F McGuirk | Director | 2024 | 2 yrs |
| Thomas C Nelson | Director | 2024 | 2 yrs |
| W Patrick Battle | Director | 2024 | 2 yrs |
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Kelly Flanagan | Chief Financial Officer | 2024 |
| Steve Ethun | Chief Tournament Officer | 2024 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Edward William Jones Jr | Executive Director | 1 | $0 | ||
| Fred S Ridley | Chairman of Board | 1 | $0 | ||
| Robert L Johnston | Dir, Treasurer, Secretary | 2 | $0 | ||
| S Taylor Glover | Director, President | 2 | $0 | ||
| Brian L Roberts | Director | 1 | $0 | ||
| Craig L Heatley | Director | 1 | $0 | ||
| Edward D Herlihy | Director | 1 | $0 | ||
| Kessel D Stelling Jr | Director | 1 | $0 | ||
| Lee J Styslinger III | Director | 1 | $0 | ||
| Terence F McGuirk | Director | 1 | $0 | ||
| Thomas C Nelson | Director | 1 | $0 | ||
| W Patrick Battle | Director | 1 | $0 | ||
| Kelly Flanagan | Chief Financial Officer | 1 | $0 | ||
| Steve Ethun | Chief Tournament Officer | 1 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Masters Tournament Charities Inc
- EIN
- 993712591
- Address
- Po Box 2444, Augusta, GA, 30903-2444
- State
- Georgia
- 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... (as filed on the Form 990)
- Activity (NTEE)
- N6A Recreation and sports
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Recreation & Sports
- Size band
- 9 (IRS master file code)
- Formed
- 2024
- Principal officer
- Edward William Jones Jr (as named on the Form 990)
- IRS ruling date
- 1 May 2025
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 1, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥2years on the filingsFred S Ridley
≥2years on the filingsBrian L Roberts
≥2years on the filingsCraig L Heatley
≥2years on the filingsEdward D Herlihy
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $72.6m
- Total liabilities
- $3.9m
- Net assets or fund balances
- $68.8m
- Contributions and grants received
- $67m
- Program service revenue
- $9.7m
- Grants and similar paid out
- $5k
- Employees
- 0
- Volunteers
- 11
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $77.2m | $8.2m | $69m |
As filed on the IRS Form 990. US dollars.