CENTURY CLUB CHARITIES INC

EIN: 640843787 501(c)(3) Recreation & Sports

RIDGELAND, MS

Total Revenue
$13,645,479
Total Expenses
$13,181,363
Total Assets
$6,270,017
Net Assets
$4,432,553
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MS
Principal Officer
PHILLIP CARPENTER
Phone
6018564653
Tax Period
2024-01-01 to 2024-12-31

CENTURY CLUB CHARITIES INC, founded in 1997, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $13.2M left a modest 3% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION 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.

Program Service Accomplishments

Program 1
Expenses: $1,814,071

TO MAKE DONATIONS TO LOCAL ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3)

Program 2
Expenses: $10,899,447 Revenue: $13,018,640

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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $86,082
Program Service Revenue $13,418,640
Investment Income $104,424
Other Revenue $36,333
TOTAL REVENUE $13,645,479

Expense Breakdown

Grants Paid $1,814,071
Salaries & Benefits $540,845
Fundraising Expenses $0
Program Expenses $12,713,518
Other Expenses $10,826,447
TOTAL EXPENSES $13,181,363

Year-over-Year Comparison

2024 2023 Change
Revenue $13,645,479 $12,611,754 +0.1%
Expenses $13,181,363 $12,575,173 +0.0%
Net Income $464,116 $36,581 +11.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
7
Volunteers
891

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$299,063
Total Directors
13
$299,063
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JR WOODALL PRESIDENT 1.00
Officer Director
$0 $0 $0
DURR BOYLES SECRETARY 1.00
Officer Director
$0 $0 $0
MARSHALL LOEB TREASURER 1.00
Officer Director
$0 $0 $0
STEVE JENT EXECUTIVE DIRECTOR 40.00
Officer Director
$260,780 $38,283 $299,063
PIC BILLINGSLEY DIRECTOR 1.00
Director
$0 $0 $0
RALPH CLARK DIRECTOR 1.00
Director
$0 $0 $0
MELISSA HEDERMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHNNY LANG DIRECTOR 1.00
Director
$0 $0 $0
BRANDI LONG DIRECTOR 1.00
Director
$0 $0 $0
JEFF MCCRARY DIRECTOR 1.00
Director
$0 $0 $0
MITCH STRINGER DIRECTOR 1.00
Director
$0 $0 $0
HILARY BURROUGHS NON-VOTING REPRESENTATIVE 1.00
Director
$0 $0 $0
JOYCE HALL LEGAL REPRESENTATIVE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,645,479 $13,181,363 $6,270,017 $464,116
2023 $12,611,754 $12,575,173 $6,955,606 $36,581
2022 $12,341,009 $11,685,368 $9,741,266 $655,641
2021 $11,649,002 $11,410,685 $7,710,776 $238,317
2020 $9,520,339 $8,939,813 $7,452,617 $580,526
2019 $10,764,185 $10,436,943 $6,531,492 $327,242
2018 $8,215,563 $7,906,716 $5,249,731 $308,847
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