Atp Tour Inc
- Assets
- $290.3m
- Revenue
- $176.8m
- Investments
- $4.0m
- Employees
- 68
- Location
- Ponte Vedra Beach, FL
- Founding
- 01/1975
- Data as of
- 12/2021
- 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 12/2021, Atp Tour Inc employed 68 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 12/2021, Atp Tour Inc generated $176.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $151.7m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 21 individual grants totaling $756,060. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ATP ACTIVITIES FOR THE YEAR INCLUDE PROVIDING SERVICES AND BENEFITS FOR ITS MEMBERS, PROMOTING AND GROWING THE SPORT OF TENNIS AND ADMINISTRATING A CIRCUIT OF PROFESSIONAL TENNIS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATP CONTINUED TO DELIVER VALUE TO ITS MEMBERS THROUGH SPONSORSHIPS, TV, PRIZE MONEY, AND PENSION BENEFITS ACROSS THE 2021 ATP TOUR SEASON. IN MARCH, ATP INTRODUCED A COVID RELIEF PACKAGE THAT RAISED MINIMUM PRIZE MONEY LEVELS FOR ATP 250 AND ATP 500 TOURNAMENTS. TOTAL ATP TOUR PLAYER COMPENSATION TOTALED US$ 98.7 MILLION IN 2021, MADE UP OF ON-SITE PRIZE MONEY AND BONUS POOL. ATP INCREASED PENSION CONTRIBUTIONS TO PRE-PANDEMIC LEVELS, DELIVERING US$ 73,800 PENSION CONTRIBUTIONS PER PLAYER, FOR A TOTAL CONTRIBUTION OF US$ 12.1 MILLION. IN ADDITION, THE ATP CHALLENGER TOUR DELIVERED A TOTAL OF US$ 9.8 MILLION IN PRIZE MONEY, UP FROM US$ 4.8 MILLION THE YEAR PRIOR. ATP INTRODUCED A NEW COVID-19 PROTECTED RANKING PROVISION TO GIVE PLAYERS ADDITIONAL SECURITY AND INCREASED PLAYER TEAM ALLOWANCES ON-SITE AT EVENTS. ATP ALSO INTRODUCED NEW EDUCATION PARTNERSHIPS AND CONDUCTED AN INTERNAL SAFEGUARDING REVIEW, IN LINE WITH A COMMITMENT TO ENSURE ALL ADULTS AND MINORS INVOLVED IN PROFESSIONAL TENNIS ARE SAFE AND PROTECTED FROM ABUSE. IN NOVEMBER, ATP BECAME A MEMBER OF UN SPORTS FOR CLIMATE ACTION, PLEDGING TO REDUCE ATP'S CARBON EMISSIONS BY 50% BY 2030, AND ACHIEVE NET ZERO BY 2040.
THE ATP'S MARKETING AND PROMOTIONAL EFFORTS CONTINUED TO ELEVATE THE PROFILE OF PROFESSIONAL TENNIS IN 2021. OVER 734 MILLION VIEWERS TUNED IN ON TELEVISION AND ONLINE THROUGHOUT THE SEASON. THE TOUR'S OFFICIAL WEBSITE, ATPTOUR.COM, ATTRACTED OVER 127 MILLION VISITS, WITH TOTAL WEBSITE PAGE IMPRESSIONS REACHING 444 MILLION. IN PARALLEL, THE ATP'S TOTAL SOCIAL MEDIA FOLLOWING GREW TO A RECORD 10.4 MILLION ACROSS OFFICIAL ACCOUNTS.
THE ATP SUCCESSFULLY GOVERNED THE MEN'S PROFESSIONAL TENNIS CIRCUITS - THE ATP TOUR; THE ATP CHALLENGER TOUR; AND THE ATP CHAMPIONS TOUR. IN JANUARY 2021, ATP DELIVERED THE SECOND EDITION OF THE ATP CUP, IN PARTNERSHIP WITH TENNIS AUSTRALIA. ORIGINALLY SCHEDULED TO TAKE PLACE ACROSS THREE CITIES IN AUSTRALIA, THE EVENT WAS HOSTED IN MELBOURNE DUE TO COVID-19, AND DELIVERED OVER US$ 4.6 MILLION IN PRIZE MONEY. IN NOVEMBER, THE SEASON-ENDING NITTO ATP FINALS WAS HELD FOR THE FIRST TIME IN THE PIEDMONT CAPITAL OF TURIN, ITALY. THE EVENT DELIVERED OVER US$ 7.2 MILLION IN PRIZE MONEY, GENERATING AN AUDIENCE ACROSS BROADCAST, DIGITAL AND SOCIAL OF OVER 109 MILLION. TURIN BECAME THE 15TH CITY TO HOST THE PRESTIGIOUS SEASON-ENDING TOURNAMENT SINCE ITS INCEPTION IN 1970. IN TOTAL, THE 2021 SEASON FEATURED 60 ATP TOUR EVENTS. THIS INCLUDED SEVERAL NEW TOURNAMENTS, ISSUED AS SINGLE-YEAR EVENT LICENSES IN ORDER TO PROVIDE ADDITIONAL PLAYING OPPORTUNITIES. A TOTAL OF 12 REGULAR ATP TOUR EVENTS WERE CANCELLED DUE TO THE PANDEMIC, INCLUDING THE ENTIRE 2021 ASIAN SWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed SVP - Marketing And Business Development | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trans World International Llc (Img) Consultant Media Rights | 12/30/21 | $5,181,320 |
Matta Global Ltd Tv/video Production | 12/30/21 | $1,332,242 |
Sift Inc Tv/video Production | 12/30/21 | $1,569,162 |
Proskauer Rose Llp Legal Services | 12/30/21 | $1,105,694 |
Atp Media Licensing Ltd Tv/production Services | 12/30/21 | $7,879,575 |
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 | $175,573,224 |
| Investment income | $962,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $79,526 |
| 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 | $176,791,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $224,944 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,114 |
| Benefits paid to or for members | $2,094,955 |
| Compensation of current officers, directors, key employees. | $6,480,703 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,385,510 |
| Pension plan accruals and contributions | $357,103 |
| Other employee benefits | $1,446,374 |
| Payroll taxes | $495,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,592,347 |
| Fees for services: Accounting | $147,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,936 |
| Fees for services: Other | $5,333,220 |
| Advertising and promotion | $7,234,373 |
| Office expenses | $990,958 |
| Information technology | $1,615,036 |
| Royalties | $0 |
| Occupancy | $271,500 |
| Travel | $3,362,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,819 |
| Interest | $0 |
| Payments to affiliates | $4,522,205 |
| Depreciation, depletion, and amortization | $87,483 |
| Insurance | $1,024,852 |
| All other expenses | $7,700,445 |
| Total functional expenses | $151,737,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,302,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,765,284 |
| 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 | $1,016,696 |
| Net Land, buildings, and equipment | $627,387 |
| Investments—publicly traded securities | $31,786,092 |
| Investments—other securities | $4,015,546 |
| Investments—program-related | $207,905,193 |
| Intangible assets | $0 |
| Other assets | $862,157 |
| Total assets | $290,281,328 |
| Accounts payable and accrued expenses | $29,844,888 |
| Grants payable | $166,937 |
| Deferred revenue | $986,977 |
| 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 | $8,692,385 |
| Total liabilities | $39,691,187 |
| Net assets without donor restrictions | $250,590,141 |
| 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 | $290,281,328 |
Grants Awarded
Over the last fiscal year, Atp Tour Inc has awarded $106,351 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: OPERATION SUPPORT | $36,851 |
Jacksonville, FL PURPOSE: OPERATION SUPPORT | $24,500 |
Houston, TX PURPOSE: OPERATION SUPPORT | $15,000 |
Atlanta, GA PURPOSE: OPERATION SUPPORT | $15,000 |
West Palm Beach, FL PURPOSE: OPERATION SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atp Tour Inc Ponte Vedra Beach, FL | $290,281,328 | $176,791,341 |
Georgia Section Pga Of America Inc Atlanta, GA | $947,938 | $2,211,920 |
Gulf South Conference Birmingham, AL | $1,504,279 | $1,118,830 |
Huntsville Sports Commission Inc Huntsvile, AL | $409,279 | $1,035,861 |
Mjh Childrens Charities Inc Tampa, FL | $75,605 | $55,114 |
Igbo Norcross, GA | $150,288 | $0 |
Brookwood Lacrosse Association Inc Lawrenceville, GA | $29,808 | $0 |