Masters Tournament Charities Inc

Nonprofit profile at a glance

EIN
993712591
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Augusta, GA, USA
Phone
7066676000
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Golf

Reported finances

Revenue
$77,199,689
Expenses
$8,235,887
Assets
$72,631,985
Liabilities
$3,879,979

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • EDWARD WILLIAM JONES JR (EXECUTIVE DIRECTOR)
  • S TAYLOR GLOVER (DIRECTOR, PRESIDENT)

People named in this filing

  • EDWARD WILLIAM JONES JR (EXECUTIVE DIRECTOR)
  • FRED S RIDLEY (CHAIRMAN OF BOARD)
  • ROBERT L JOHNSTON (DIR, TREASURER, SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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 sharing its many virtues. The initial primary commitment of the corporation is to utilize the medium of golf and other amateur sports competitions to enhance the lives of youth and young adults through participation and job training.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 92
  • Accountability: 83
  • Sustainability: 95
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.6%; rating input score 11
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 89.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 8.82; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 10.6% of revenue deployed · 99.9% of spending went to programs
  • Governance: 10 of 11 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $8.2M in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 11/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.