Prentice Cup Foundation Inc
- Assets
- $215.6k
- Revenue
- $9.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 04-3554606
Organization Overview
Prentice Cup Foundation Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prentice Cup Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Prentice Cup Foundation Inc generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE STUDENT AND CULTURAL EXCHANGES BETWEEN THE US AND UK THROUGH THE PLAYING OF THE PRENTICE CUP TENNIS MATCHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL CAMPAIGN TO PRESERVE THE HISTORIC CLUBHOUSE AND CONTENTS OF THE SEABRIGHT LAWN TENNIS AND CRICKET CLUB, WHERE THE U.S. PRENTICE CUP TENNIS MATCHES HAVE BEEN HELD.
NONE
NONE
PROGRAM EXPENSES RELATED TO THE PLAYING OF THE PRENTICE CUP TENNIS MATCH AT SEABRIGHT LAWN TENNIS AND CRICKET CLUB, OR IN THE UK, ALTERNATING EVERY 2 YEARS IN EACH LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Shackelton President And Director | OfficerTrustee | 0 | $0 |
David A Gollob Clerk And Director | OfficerTrustee | 0 | $0 |
Robert Pohly Treasurer And Director | OfficerTrustee | 0 | $0 |
Michael C Brooks Director | Trustee | 0 | $0 |
Craig L Kennedy Director | Trustee | 0 | $0 |
Mark Leschly Director | Trustee | 0 | $0 |
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 | $0 |
| Investment income | $2,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,991 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $2,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,066 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $138,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $215,644 |
| Total liabilities and net assets/fund balances | $215,644 |
Grants Awarded
Over the last fiscal year, Prentice Cup Foundation Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEABRIGHT LAWN TENNIS AND CRICKET CLUB PURPOSE: GENERAL PURPOSE | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prentice Cup Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asian Cultural Council Inc New York, NY | $42,424,533 | $6,554,346 |
American Australian Association Inc New York, NY | $20,329,376 | $5,966,095 |
International Academy Of Fine Art New Haven, CT | $7,361,430 | $3,896,682 |
Narrative 4 Inc New York, NY | $1,205,933 | $1,903,403 |
Art Omi Inc Ghent, NY | $43,946,364 | $3,128,359 |
Soliya Inc New York, NY | $378,380 | $2,402,375 |
French Heritage Society Inc New York, NY | $4,346,853 | $2,062,675 |
Oldways Preservation & Exchange Trust Inc Boston, MA | $1,292,816 | $1,750,409 |
American Friends Of The Centre Pompidou Inc New York, NY | $35,443,867 | $1,267,005 |
Cec Artslink Inc New York, NY | $834,274 | $924,449 |
Us China Scitech Education Promotion Association Inc Andover, MA | $129,701 | $738,187 |
Croatian National Tourist Office Inc New York, NY | $34,374 | $582,610 |