Atp Tour INC

Not tax-deductible

Atlantic Bch, FL501(c)(6)Since 1973EIN 95-2833251Revenue $293.7M in FY2024

On file with the IRSatptour.com42 East Coast Dr Ste 3, 32233-5254 · Atlantic Bch, FLTax-exempt since Jan 1975

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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.

$6.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $41.9M a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$6.3M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$90.6M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293.7M
+30% vs prior year
Spent
$241.6M
Net assets
$427.4M
By yearFY2020–FY2024
Revenue
$293.7M
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$93.9M
FY2021$176.8M
FY2022$259.5M
FY2023$225.3M
FY2024$293.7M
Expenses
$241.6M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$77.9M
FY2021$151.7M
FY2022$171.2M
FY2023$197.2M
FY2024$241.6M
Net assets
$427.4M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$223.4M
FY2021$250.6M
FY2022$333.0M
FY2023$376.1M
FY2024$427.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

27 people listed on the 990; $6.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Legal & Administrative Officer
$936,097Pt VII · Sec A
$816,765Pt VII · Sec A
CFO (through 6/30/24)
$432,598Pt VII · Sec A
Chief Tour Officer
$425,170Pt VII · Sec A
$337,101Pt VII · Sec A
EVP, People & Culture
$302,619Pt VII · Sec A
EVP Americas
$286,317Pt VII · Sec A
SVP and General Counsel
$283,680Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Andrea Gaudenzi————$1,301,632
Massimo Calvelli$816,765$958,540$1,029,322$839,856$680,180
Mark Young$936,097$891,927$858,644$765,177$785,172
Philip Galloway$176,613$168,293$178,347$198,789$642,930
Ross Hutchins$425,170$502,683$494,245$477,142$339,836
Zehra Mesic$432,598$315,776$335,608$184,799—
Murray Swartzberg$337,101$356,535$357,191$345,467$339,741
Daniele Sano$214,217$350,525$322,797$335,353—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes tennis, provides member benefits, and administers professional events.

Questions for Atp Tour INC

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Atp Member Services and Benefits

Atp delivered value to its members across the 2024 season through broadcast, prize money, financial security programs and sponsorships, headlined by the signing of four new commercial partners and three partnership renewals.

Pt IX · col B
02

Professional Tournaments

The atp successfully governed the men's professional tennis circuits the atp tour and the atp challenger tour. In total, the 2024 season featured 63 tournaments across 29 countries, welcoming a record 5.5 million fans on SITE.IN november 2024, the nitto atp finals were held in turin for the fourth time with record fan attendance of…

Pt IX · col B
03

Marketing and Promotion

The atp tour gained 909,455 followers across all official social media platforms, successfully elevating the profile of the atp and its members in 2024. Viewership across linear TV and streaming totalled 976 million. Atp launched global brand campaign "this is tennis," further enhancing the visibility of professional tennis.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 21 grants · $2.0M · 2020–2024
Atp Tour Charities INCFL · FY2024$443,100
Unitemized GrantFY2024$86,000
Clean Air Task Force INCMA · FY2024$20,000
Wta Foundation INCFL · FY2024$10,000
High Impact AthletesDE · FY2024$8,357
Atp Tour Charities INCFL · FY2023$456,499
Unitemized GrantFY2023$124,000
High Impact AthletesDE · FY2023$30,000
Globalgiving Foundation INCDC · FY2023$10,000
You Can PlayCO · FY2023$10,000
Atp Tour Charities INCFL · FY2022$350,704
Globalgiving Foundation INCDC · FY2022$100,000
Atp Tour Charities INCFL · FY2021$203,788
Atp Tour Charities INCFL · FY2020$36,851
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$293.7M
Ln 12
Fees for servicesLn 2g$288.6M
Investment incomeLn 3$5.1M
Other incomeLn 4–11$56K
Money outPt IX
$241.6M
Ln 25
Owns and owesPt X
$427.4M
net assets · Ln 32
Cash and savingsLn 1–2$52.4M
Total assetsLn 16$518.1M
LiabilitiesLn 26$90.6M
PeoplePt VI, VII
27
listed · VII A
PaidVII A24
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$288.6M
Investment incomeLn 3$5.1M
Other incomeLn 4–11$56K
Gains on assetsLn 7−$48K
Total revenueLn 12$293.7M
Assets in detailPt X, end of year
CashLn 1$6.0M
SavingsLn 2$46.4M
Cash and savings togetherLn 1–2$52.4M
InvestmentsLn 11–13$349.7M
Land, buildings, equipmentLn 10c$880K
Other assetsLn 15$54.1M
Total assetsLn 16$518.1M
LiabilitiesLn 26$90.6M
Net assetsLn 32$427.4M
OperationsPt I, VI
EmployeesI 565
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$0$52.4M
InvestmentsLn 11–13$377.1M$349.7M
Land, buildings, equipmentLn 10c$818K$880K
Total assetsLn 16$436.4M$518.1M
LiabilitiesLn 26$60.3M$90.6M
Net assetsLn 32$376.1M$427.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$504K
Grants to domestic individualsLn 2$86K
Grants and assistance to foreign recipientsLn 3$362K
Benefits paid to or for membersLn 4$2.6M
Pay of current officers, directors and key staffLn 5$5.2M
Other salaries and wagesLn 7$15.0M
Pension plan contributionsLn 8$770K
Other employee benefitsLn 9$452K
Payroll taxesLn 10$3.8M
Legal feesLn 11b$2.9M
Accounting feesLn 11c$181K
Investment management feesLn 11f$38K
Other fees for servicesLn 11g$9.9M
Advertising and promotionLn 12$13.3M
Office expensesLn 13$712K
Information technologyLn 14$2.7M
OccupancyLn 16$624K
TravelLn 17$7.7M
Conferences, conventions and meetingsLn 19$1.0M
Payments to affiliatesLn 21$5.0M
Depreciation, depletion and amortizationLn 22$32K
InsuranceLn 23$1.7M
Other expenses (24a–d)Ln 24$165.9M
All other expensesLn 24e$1.1M
Total functional expensesLn 25$241.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $293.7M$241.6M$52.1M$427.4M 990 PDF
FY2023 $225.3M$197.2M$28.0M$376.1M 990 PDF
FY2022 $259.5M$171.2M$88.3M$333.0M 990 PDF
FY2021 $176.8M$151.7M$25.1M$250.6M 990 PDF
FY2020 $93.9M$77.9M$16.0M$223.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $293,710,037 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $219,489,442$288,597,200
I-10 Investment incomePrior year $4,939,392$5,057,076
I-11 Other revenuePrior year $854,029$55,761
I-12 Total revenuePrior year $225,282,863$293,710,037
I-13 Grants and similar amounts paidPrior year $1,806,159$952,057
I-14 Benefits paid to membersPrior year $1,416,416$2,635,322
I-15 Salaries and benefitsPrior year $21,826,640$25,259,274
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $172,199,108$212,744,678
I-18 Total expensesPrior year $197,248,323$241,591,331
I-19 Revenue less expensesPrior year $28,034,540$52,118,706
Part VI · Governance 8 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $293,710,037 across 5 lines filed
Lines not itemized here account for $4,696,752 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $283,051,559 · Unrelated business $848,889$283,900,448
VIII-3 Investment incomeExcluded from tax $5,104,708$5,104,708
VIII-5 RoyaltiesExcluded from tax $55,761$55,761
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$47,632−$47,632
VIII-12 Total revenueRelated to mission $287,748,311 · Unrelated business $848,889 · Excluded from tax $5,112,837$293,710,037
Part IX · Statement of functional expenses $241,591,331 across 24 lines filed
IX-1 Grants to domestic organizations$504,015
IX-2 Grants to domestic individuals$86,000
IX-3 Grants and assistance to foreign recipients$362,042
IX-4 Benefits paid to or for members$2,635,322
IX-5 Pay of current officers, directors and key staff$5,228,529
IX-7 Other salaries and wages$15,024,586
IX-8 Pension plan contributions$770,223
IX-9 Other employee benefits$451,704
IX-10 Payroll taxes$3,784,232
IX-11b Legal fees$2,933,169
IX-11c Accounting fees$180,797
IX-11f Investment management fees$38,116
IX-11g Other fees for services$9,883,389
IX-12 Advertising and promotion$13,295,415
IX-13 Office expenses$712,362
IX-14 Information technology$2,692,781
IX-16 Occupancy$624,090
IX-17 Travel$7,741,738
IX-19 Conferences, conventions and meetings$1,012,398
IX-21 Payments to affiliates$4,977,187
IX-22 Depreciation, depletion and amortization$31,712
IX-23 Insurance$1,681,810
IX-24 Other expenses (24a–d)$165,850,562
IX-24e All other expenses$1,089,152
IX-25 Total functional expenses$241,591,331
Part X · Balance sheet $518,053,515 assets, 17 lines filed
X-1 Cash, non-interest-bearing$5,992,438
X-2 Savings and temporary cash investmentsStart of year $0$46,374,115
X-4 Accounts receivableStart of year $52,306,103$48,762,417
X-9 Prepaid expenses and deferred chargesStart of year $4,884,746$12,176,317
X-10c Land, buildings and equipment, netStart of year $818,344$880,285
X-11 Publicly traded securitiesStart of year $105,305,074$45,332,288
X-12 Other securitiesStart of year $13,419,824$6,745,013
X-13 Program-related investmentsStart of year $258,342,858$297,660,527
X-15 Other assetsStart of year $1,346,733$54,130,115
X-16 Total assetsStart of year $436,423,682$518,053,515
X-17 Accounts payable and accrued expensesStart of year $40,964,602$60,065,978
X-19 Deferred revenueStart of year $10,252,773$21,527,989
X-25 Other liabilitiesStart of year $9,068,057$9,035,037
X-26 Total liabilitiesStart of year $60,285,432$90,629,004
X-27 Net assets without donor restrictionsStart of year $376,138,250$427,424,511
X-32 Total net assets or fund balancesStart of year $376,138,250$427,424,511
X-33 Total liabilities and net assetsStart of year $436,423,682$518,053,515
Part XI · Reconciliation of net assets $427,424,511 net assets at year end
XI-1 Total revenue$293,710,037
XI-2 Total expenses$241,591,331
XI-3 Revenue less expenses$52,118,706
XI-4 Net assets at start of year$376,138,250
XI-5 Net unrealized gains (losses) on investments$9,029,980
XI-9 Other changes in net assets−$9,862,426
XI-10 Net assets at end of year$427,424,511

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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