Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 1a Material differences in voting rights | Executive Chairman's vote is not counted in certain specific matters as indicated in the By-laws. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | DAVID EGDES AND JUSTIN GIMELSTOB - Business relationship |
| Form 990, Part VI, Line 6 Classes of members or stockholders | ATP Tour, Inc. is a member organization consisting of both players and tournament owner members. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | ATP Tour, Inc. is a member organization consisting of both players and tournament owner members. ATP board members are elected by the respective tournament owner members and by the player members through a player council that is elected by the player members. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | Appointment and removal of directors - Player and Tournament members elect two or more directors to the board of directors each year. The two member classes, players and tournaments, have the ability to remove their appointed directors by a simple majority vote. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The 990 return is sent via email to each member of the Board of Directors prior to filing. Management is responsible for preparing the Form 990 and an independent professional accounting firm reviews the return. A copy of the filed return is made available to each member. The CFO performs a complete review of Form 990 prior to filing. |
| Form 990, Part VI, Line 12c Conflict of interest policy | Annual declarations for board members and management regarding conflicts of interest are required by policy. A board orientation process which includes a session on dealing with and disclosing conflicts of interest is required for all board members. If COI arise then the conflicted board member may excuse himself from discussions and voting on the conflicted item. COI are considered before any board's discussion or decision making. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE BOARD HAS SOLE AUTHORITY TO HIRE AND APPROVE CHAIRMAN'S/PRESIDENT'S COMPENSATION. AS PART OF THAT PROCESS A SEARCH FIRM IS USUALLY ENGAGED WHO PROVIDES INPUT INTO THE PACKAGE OF COMPENSATION OFFERED. FURTHER RESEARCH IS DIRECTED BY THE BOARD ON COMPARABLE ROLES IN THE INDUSTRY BEFORE ANY COMPENSATION PACKAGE IS OFFERED. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | The Board has established a Compensation Subcommittee that has advisory responsibility for compensation levels of top management. Management performs industry research both directly and through independent surveys to determine reasonableness of top management and other staff compensation. |
| Form 990, Part VI, Line 19 Required documents available to the public | ATP Tour, Inc. does not typically provide governing documents, conflict of interest policy or financial statements to the general public. Such documents are made available to ATP Tour, Inc. members upon request. |
| Form 990, Part VIII, Line 2f Other Program Service Revenue | All other program service revenue - Total Revenue: 3224956, Related or Exempt Function Revenue: 3224956, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Miscellaneous - Total Revenue: 544, Related or Exempt Function Revenue: 544, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part X, Line 29 Reclassification of Net Assets | New standard ASU 2016-14 replaced reporting model and instead of three existing classes of net assets (unrestricted, temporarily restricted, and permanently restricted) now there are two (Net assets without donor restrictions and Net assets with donor restrictions). Since there are no Donor restrictions on ATP's assets and to enhance readers' understanding of ATP's asset, previously reported restricted assets were moved to line 27, Unrestricted net assets. Reallocated portion of Net assets is still limited to Board designation. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Investment in ATP Tour Charities - 186486; Depreciation adjustment - -410; |
| Software ID: | 19010655 |
| Software Version: | 2019v5.0 |