Atp Tour Inc
- Assets
- $397.0m
- Revenue
- $259.5m
- Investments
- $9.0m
- Employees
- 76
- Location
- Ponte Vedra Beach, FL
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 95-2833251
Organization Overview
Atp Tour Inc is located in Ponte Vedra Beach, FL. The organization was established in 1975. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Atp Tour Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atp Tour Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Atp Tour Inc generated $259.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $171.2m during the year ending 12/2022. While expenses have increased by 8.0% 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 2014, Atp Tour Inc has awarded 24 individual grants totaling $1,212,264. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ATP ACTIVITIES FOR THE YEAR INCLUDE PROVIDING SERVICES AND BENEFITS FOR ITS MEMBERS, PROMOTING AND GROWING THE SPORT OF TENNIS AND ADMINISTRATING A CIRCUIT OF PROFESSIONAL TENNIS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATP CONTINUED TO DELIVER VALUE TO ITS MEMBERS THROUGH SPONSORSHIPS, BROADCAST, PRIZE MONEY, AND PENSION BENEFITS ACROSS THE 2022 ATP TOUR SEASON. TOTAL ATP TOUR PLAYER COMPENSATION TOTALED US$ 180.4 MILLION IN 2022, MADE UP OF ON-SITE PRIZE MONEY (ATP TOUR AND CHALLENGER TOUR) AND BONUS POOL. ATP INCREASED PENSION CONTRIBUTIONS TO RECORD LEVELS, DELIVERING US$ 167,900 CONTRIBUTIONS PER PLAYER, FOR A TOTAL CONTRIBUTION OF US$ 28 MILLION. IN ADDITION, THE ATP CHALLENGER TOUR DELIVERED A RECORD HIGH US$ 12 MILLION IN PRIZE MONEY. IN JUNE, ATP ANNOUNCED PHASE ONE APPROVAL OF 'ONEVISION', A LONG-TERM TRANSFORMATIONAL STRATEGIC PLAN DESIGNED TO TAKE TENNIS TO NEW HEIGHTS.
THE ATP'S MARKETING AND PROMOTIONAL EFFORTS CONTINUED TO ELEVATE THE PROFILE OF PROFESSIONAL TENNIS IN 2022. OVER 827 MILLION VIEWERS TUNED IN ON TELEVISION AND ONLINE THROUGHOUT THE SEASON. THE ATP'S TOTAL SOCIAL MEDIA FOLLOWING GREW TO 10.5 MILLION ACROSS OFFICIAL ACCOUNTS. OTHER INITIATIVES INCLUDE THE RELEASE OF ATP/WTA LIVE - A JOINT MOBILE APP FOR FANS IN COLLABORATION WITH THE HOLOGIC WTA TOUR, THE LAUNCH OF CAMPAIGN 'GAME CHANGING' CELEBRATING THE 50TH ANNIVERSARY OF THE ATP'S FORMATION, AND THE LAUNCH OF LOVE, THE ATP'S FIRST-EVER NFT COLLECTION.
THE ATP SUCCESSFULLY GOVERNED THE MEN'S PROFESSIONAL TENNIS CIRCUITS - THE ATP TOUR; THE ATP CHALLENGER TOUR; AND THE ATP CHAMPIONS TOUR. IN JANUARY 2022, ATP DELIVERED THE THIRD EDITION OF THE ATP CUP, IN PARTNERSHIP WITH TENNIS AUSTRALIA, WITH $10 MILLION IN PRIZE MONEY. IN NOVEMBER, THE SEASON-ENDING NITTO ATP FINALS WAS HELD FOR THE SECOND TIME IN TURIN, ITALY. THE EVENT DELIVERED US$ 14.75 MILLION IN PRIZE MONEY, 38.8 MILLION VIDEO VIEWS, AND A GLOBAL REACH OF 172 MILLION ACROSS SOCIAL, DIGITAL AND PR. IN TOTAL, THE 2022 SEASON FEATURED 63 ATP TOUR EVENTS, WELCOMING 4.15 MILLION FANS ONSITE. THIS INCLUDED SEVERAL NEW TOURNAMENTS, ISSUED AS SINGLE-YEAR EVENT LICENSES IN ORDER TO PROVIDE ADDITIONAL PLAYING OPPORTUNITIES. A TOTAL OF 5 REGULAR ATP TOUR EVENTS WERE CANCELLED DUE TO THE PANDEMIC, INCLUDING ALL EVENTS IN CHINA, WITH ONE FURTHER EVENT SUSPENDED FOLLOWING RUSSIA'S INVASION OF UKRAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman (nra) | OfficerTrustee | 0 | $0 |
Name Not Listed Director | Trustee | 15 | $107,724 |
Name Not Listed Director | Trustee | 10 | $120,000 |
Name Not Listed Director | Trustee | 20 | $100,000 |
Name Not Listed Director | Trustee | 15 | $120,000 |
Name Not Listed Director | Trustee | 10 | $100,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trans World International Llc (Img) Consultant Media Rights | 12/30/22 | $5,181,320 |
Proskauer Rose Llp Legal Services | 12/30/22 | $1,893,990 |
Atp Media Licensing Ltd Tv/production Services | 12/30/22 | $7,879,575 |
Sift Inc Tv/video Production | 12/30/22 | $1,632,672 |
Matta Global Ltd Tv/video Production | 12/30/22 | $1,186,785 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $258,867,646 |
| Investment income | $452,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $75,003 |
| 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 | $259,495,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $476,953 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $363,255 |
| Benefits paid to or for members | $2,489,953 |
| Compensation of current officers, directors, key employees. | $6,899,877 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,100,981 |
| Pension plan accruals and contributions | $448,650 |
| Other employee benefits | $1,280,922 |
| Payroll taxes | $505,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,901,404 |
| Fees for services: Accounting | $245,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,175 |
| Fees for services: Other | $7,083,666 |
| Advertising and promotion | $8,602,406 |
| Office expenses | $1,017,459 |
| Information technology | $1,444,875 |
| Royalties | $0 |
| Occupancy | $399,887 |
| Travel | $5,138,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $717,899 |
| Interest | $0 |
| Payments to affiliates | $4,613,108 |
| Depreciation, depletion, and amortization | $70,162 |
| Insurance | $1,069,629 |
| All other expenses | $6,145,755 |
| Total functional expenses | $171,177,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,328,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,303,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,336,958 |
| Net Land, buildings, and equipment | $785,708 |
| Investments—publicly traded securities | $90,486,058 |
| Investments—other securities | $9,014,825 |
| Investments—program-related | $227,835,992 |
| Intangible assets | $0 |
| Other assets | $872,289 |
| Total assets | $396,963,830 |
| Accounts payable and accrued expenses | $46,445,320 |
| Grants payable | $0 |
| Deferred revenue | $9,231,482 |
| 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 | $8,311,264 |
| Total liabilities | $63,988,066 |
| Net assets without donor restrictions | $332,975,764 |
| 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 | $396,963,830 |
Grants Awarded
Over the last fiscal year, Atp Tour Inc has awarded $456,204 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBALGIVING FOUNDATION INC PURPOSE: TENNIS PLAYS FOR PEACE FUNDRAISER | $100,000 |
MALIVAI WASHINGTON KIDS FOUNDATION PURPOSE: OPERATION SUPPORT | $5,500 |
ATP TOUR CHARITIES INC PURPOSE: OPERATION SUPPORT | $350,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atp Tour Inc Ponte Vedra Beach, FL | $396,963,830 | $259,495,731 |
Georgia Section Pga Of America Inc Atlanta, GA | $683,016 | $2,185,725 |
Huntsville Sports Commission Inc Huntsvile, AL | $458,225 | $1,828,889 |
Gulf South Conference Birmingham, AL | $1,504,279 | $1,118,830 |
Mjh Childrens Charities Inc Tampa, FL | $49,688 | $56,056 |
Brookwood Lacrosse Association Inc Lawrenceville, GA | $29,808 | $0 |