Century Club Charities Inc
- Assets
- $9.7m
- Revenue
- $12.3m
- Investments
- $60.0k
- Employees
- 8
- Location
- Ridgeland, MS
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 64-0843787
Organization Overview
Century Club Charities Inc is located in Ridgeland, MS. The organization was established in 1997. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Century Club Charities Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Club Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Century Club Charities Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $11.7m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Century Club Charities Inc has awarded 85 individual grants totaling $11,668,698. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE DONATIONS TO LOCAL ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3)
TO ADMINISTER AN ANNUAL PGA SANCTIONED GOLF TOURNAMENT TO PROMOTE THE SOCIAL WELFARE OF MISSISSIPPI AND GENERATE ANNUAL FUNDING TO AREA CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Carpenter President | OfficerTrustee | 1 | $0 |
Jr Woodall Secretary | OfficerTrustee | 1 | $0 |
Johnny Lang Treasurer | OfficerTrustee | 1 | $0 |
Steve Jent Executive Director | OfficerTrustee | 40 | $222,404 |
Ralph Clark Director | Trustee | 1 | $0 |
Durr Boyles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,012 |
| Total Program Service Revenue | $12,178,622 |
| Investment income | $20,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,341,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,532,674 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,411 |
| Payroll taxes | $39,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $895 |
| Fees for services: Accounting | $17,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,777 |
| Advertising and promotion | $0 |
| Office expenses | $8,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,390 |
| Insurance | $2,470 |
| All other expenses | $0 |
| Total functional expenses | $11,685,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,880,744 |
| Savings and temporary cash investments | $967,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $406,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,994 |
| Prepaid expenses and deferred charges | $1,925,118 |
| Net Land, buildings, and equipment | $803,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,008 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,667,649 |
| Total assets | $9,741,266 |
| Accounts payable and accrued expenses | $1,283,061 |
| Grants payable | $0 |
| Deferred revenue | $2,858,698 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,667,649 |
| Total liabilities | $5,809,408 |
| Net assets without donor restrictions | $3,931,858 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,741,266 |
Grants Awarded
Over the last fiscal year, Century Club Charities Inc has awarded $1,531,501 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST UNITED METHODIST CHURCH PURPOSE: GENERAL ASSISTANCE | $15,000 |
STEWPOT COMMUNITY SERVICES PURPOSE: GENERAL ASSISTANCE | $25,000 |
MUSTARD SEED PURPOSE: GENERAL ASSISTANCE | $22,000 |
WORLD GOLF FOUNDATION INC PURPOSE: GENERAL ASSISTANCE | $50,000 |
FRIENDS OF CHILDREN'S HOSPITAL INC PURPOSE: GENERAL ASSISTANCE | $1,000,000 |
LIVING INDEPENDENCE FOR EVERYONE PURPOSE: GENERAL ASSISTANCE | $12,000 |