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EIN 27-4452110

Masters

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Augusta
State
Georgia
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
Masters is a corporate foundation that provides grants to the World Golf Federation. Its purpose is to drive the Asia Pacific Amateur Championship, chip, and putt Championship Latin American Amateur Championship. Last year, it made nine grants.
Also known as...
Masters Tournament Foundation
Total revenues
$31,427,250
2022
Total expenses
$18,921,631
2022
Total assets
$67,382,332
2022
Num. employees
0
2022

Program areas at Masters

Asia pacific amateur championship
Drive, chip, and putt championship
Latin american amateur championship

Grants made by Masters

GranteeGrant descriptionAmount
World Golf FoundationFoster Sport of Golf$250,000
LPGA FoundationFoster Sport of Golf$100,000
Augusta University FoundationFoster Sport of Golf$2,500

Who funds Masters

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United States Golf Association (USGA)Junior$326,718
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$100,000
Angelakis Family FoundationOperational Support$50,000
...and 1 more grant received

Personnel at Masters

NameTitleCompensation
S Taylor GloverPresident and Chief Executive Officer$0
Kelly FlanaganOfficer

Financials for Masters

RevenuesFYE 12/2022
Total grants, contributions, etc.$27,593,299
Investment income and dividends$1,283,657
Net rental income$0
Net gain from sale of non-inventory assets$54,088
Gross sales of inventory$0
Miscellaneous revenues$2,596,206
Total revenues$31,427,250

Form 990s for Masters

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-14990PFView PDF
2018-122020-02-04990PFView PDF
...and 8 more Form 990s

Organizations like Masters

OrganizationLocationRevenue
The Vertex FoundationBoston, MA$10,577,980
The Clayton Homes FoundationMaryville, TN$8,518,848
7-Eleven Cares FoundationWilmington, DE$10,007,120
Keybank FoundationCleveland, OH$25,863,883
Ecolab FoundationSt Paul, MN$8,488,709
Interlaken FoundationNew York, NY$41,079,708
Liberty Mutual FoundationBoston, MA$61,066,266
Howmet Aerospace FoundationPittsburgh, PA$27,580,754
PaccarBellevue, WA$16,257,695
Best Buy FoundationRichfield, MN$22,106,255
Data update history
January 22, 2024
Updated personnel
Identified 3 new personnel
January 15, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 1, 2024
Used new vendors
Identified 2 new vendors, including , and
December 25, 2023
Received grants
Identified 2 new grant, including a grant for $326,718 from United States Golf Association (USGA)
August 6, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Human services
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
PO Box 2444
Augusta, GA 30903
Metro area
Augusta-Richmond County, GA-SC
County
Columbia County, GA
Website URL
masters.com/en_us/tournament/foundation.html 
Phone
(706) 729-3800
IRS details
EIN
27-4452110
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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