International Tennis Hall Of Fame Incorporated
- Assets
- $82.6m
- Revenue
- $14.0m
- Investments
- $13.3m
- Employees
- 148
- Location
- Newport, RI
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 13-6144356
Organization Overview
International Tennis Hall Of Fame Incorporated is located in Newport, RI. The organization was established in 2008. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, International Tennis Hall Of Fame Incorporated employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Tennis Hall Of Fame Incorporated 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, International Tennis Hall Of Fame Incorporated generated $14.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 4.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE. CELEBRATE. INSPIRE.
Describe the Organization's Program Activity:
TENNIS TOURNAMENT - THE HALL OF FAME OPEN FOR THE VAN ALEN CUP IS AN ATP TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS FO THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS 28 OF THE TOP MAKE PLAYERS IN THE WOLD COMPETING FOR THE VAN ALEN CUP. THE TOURNAMENT IS THE ONLY ATP TOUR STOP IN THE NORTHEAST AND THE ONLY EVENT TO BE PLAYED ON GRASS COURTS IN NORTH AMERICA.
TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALLS OF FAME WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS. PLAYERS OF EVERY AGE AND ANY ABILITY LEVEL HAVE THE OPPORTUNITY TO PLAY TENNIS ON THE HALL OF FAME'S LEGENDARY GRASS COURTS, WHERE THE FIRST US NATIONAL TENNIS CHAMPIONSHIPS WERE HELD IN 1881. TENNIS CHAMPIONS PAST AND PRESENT HAVE GRACED THE HALL OF FAME'S GRASS COURTS INCLUDING BILLIE JEAN KING, ROD LAVER, MARTINA NAVRATILOVA, JOHN MCENROE - JUST TO NAME A FEW. THE HALL OF FAME TENNIS CLUB OFFERS ADULT AND JUNIOR TENNIS PROGRAMMING YEAR-ROUND, WITH 6 HARD COURTS, 13 GRASS COURTS, AND 1 CLAY COURT AVAILABLE.
ENSHRINEMENT - THE INTERNATIONAL TENNIS HALL OF FAME & MUSEUM (ITHF&M) WAS ESTABLISHED IN 1954 AT THE NEWPORT CASINO AS A "SHRINE TO THE IDEALS OF THE GAME". ORIGINALLY NAMED THE NATIONAL LAWN TENNIS HALL OF FAME, IT WAS SANCTIONED BY THE UNITED STATES TENNIS ASSOCIATION IN 1954. THE FIRST CLASS WAS ENSHRINED INTO THE HALL OF FAME IN 1955. IN 1986, WE ACHIEVED WORLDWIDE RECOGNITION AS THE SPORT'S OFFICIAL HALL OF FAME BY THE INTERNATIONAL TENNIS FEDERATION. INDIVIDUALS ARE ELECTED BASED ON THEIR RECORDS OF COMPETITIVE ACHIEVEMENT, WITH ANCILLARY CONSIDERATION GIVEN TO SPORTSMANSHIP AND CHARACTER. INDIVIDUALS ARE ELECTED IN ONE OF THREE CATEGORIES: RECENT PLAYER, MASTER PLAYER, AND CONTRIBUTOR. A SERIES OF VOTING PANELS REPRESENTING THE INTERNATIONAL TENNIS COMMUNITY VOTE TO ELECT THESE INDIVIDUALS FOR ENSHRINEMENT. THE ENSHRINEMENT CEREMONY OCCURS ON BILL TALBERT CENTER COURT DURING THE HALL OF FAME TENNIS CHAMPIONSHIPS. THE MUSEUM, HOUSED IN THE NEWPORT CASINO, WAS BUILT BY JAMES GORDON BENNETT IN 1880. THE NEWPORT CASINO WAS DECLARED A NATIONAL HISTORIC LANDMARK IN 1987, AND BECAME THE FIRST SPORTS HALL OF FAME TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS IN 2013. THE HISTORIC NEWPORT CASINO IS AN UNCOMMON EXAMPLE OF SPORTING EXCELLENCE. THE EXHIBITS HIGHLIGHT THE GROWTH AND DEVELOPMENT OF TENNIS THROUGH THE 21ST CENTURY, WITH A PARTICULAR EMPHASIS ON ITS CULTURAL IMPACT. THE STORIES OF OUR HALL OF FAMERS, FROM OUR FIRST CLASS IN 1955 TO TODAY, ARE TOLD THROUGHOUT THE GALLERIES PROVIDING PERSONAL INSIGHT INTO THE HISTORICAL DEVELOPMENTS OF THE GAME. THE EXHIBITS ARE DRAMATICALLY SET IN THE ORIGINAL ROOMS OF THE NEWPORT CASINO, WHERE VISITORS OF ALL AGES CAN DELIGHT IN STANFORD WHITE'S ARCHITECTURAL DETAIL. THE WOOLARD FAMILY ENSHRINEMENT GALLERY HONORS THE GREATEST CHAMPIONS, INNOVATORS,AND ADMINISTRATORS OF TENNIS WHO HAVE BEEN ENSHRINED INTO THE HALL OF FAME.
TEAMFAME - OUR NATIONAL JUNIOR TENNIS & LEARNING (NJTL) CHAPTER, KNOWN AS TEAMFAME, WHICH STANDS FOR FUTURE ACES MODELING EXCELLENCE. TEAMFAME PROVIDES TENNIS LESSONS, ACADEMIC SUPPORT, AND CHARACTER DEVELOPMENT PROGRAMMING FOR MIDDLE SCHOOL STUDENTS IN THE HELP THE UNDERSERVED COMMUNITY REACH THEIR GOALS, LEARN NEW SKILLS, AND CHANGE LIVES ON AND OFF THE COURT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Martin CEO | Officer | 60 | $568,214 |
Douglas Stark Museum Director | 45 | $162,164 | |
Stacey Locker SVP Advancement | 45 | $132,162 | |
Brewer Rowe Svp, Tennis Operations | 45 | $127,352 | |
Julianna Barbieri Piggin VP Marketing | 45 | $121,108 | |
Noah Alexander Assistant Tennis Professional | 45 | $110,753 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sift Inc Video Production | 12/30/21 | $140,790 |
Russell Morin Catering & Events Catering For Events | 12/30/21 | $196,931 |
Atr Treehouse Equipment Rental For Events | 12/30/21 | $138,380 |
Rudnick Computer Consultants Inc Computer/ It Consultant | 12/30/21 | $114,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $501,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,636,572 |
| Noncash contributions included in lines 1a–1f | $464,868 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,137,772 |
| Total Program Service Revenue | $6,175,315 |
| Investment income | $1,290,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $780,947 |
| Net Gain/Loss on Asset Sales | $1,706,651 |
| Net Income from Fundraising Events | -$247,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $124,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,024,189 |
| 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 | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $927,123 |
| Compensation of current officers, directors, key employees. | $643,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,183,786 |
| Pension plan accruals and contributions | $60,022 |
| Other employee benefits | $399,803 |
| Payroll taxes | $253,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,209 |
| Fees for services: Accounting | $62,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,197 |
| Fees for services: Other | $544,591 |
| Advertising and promotion | $455,854 |
| Office expenses | $510,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $347,072 |
| Travel | $242,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,717 |
| Interest | $220,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,702,965 |
| Insurance | $293,636 |
| All other expenses | $191,531 |
| Total functional expenses | $12,073,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,400 |
| Savings and temporary cash investments | $4,243,080 |
| Pledges and grants receivable | $2,329,961 |
| Accounts receivable, net | $385,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $190,884 |
| Prepaid expenses and deferred charges | $101,574 |
| Net Land, buildings, and equipment | $21,195,446 |
| Investments—publicly traded securities | $40,763,385 |
| Investments—other securities | $13,311,442 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,101 |
| Total assets | $82,551,116 |
| Accounts payable and accrued expenses | $1,182,927 |
| Grants payable | $0 |
| Deferred revenue | $523,436 |
| 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 | $3,821,487 |
| Unsecured mortgages and notes payable | $704,828 |
| Other liabilities | $421,373 |
| Total liabilities | $6,654,051 |
| Net assets without donor restrictions | $32,347,830 |
| Net assets with donor restrictions | $43,549,235 |
| 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 | $82,551,116 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that International Tennis Hall Of Fame Incorporated has recieved totaling $931,086.
| Awarding Organization | Amount |
|---|---|
Arnhold Foundation Inc New York, NY PURPOSE: GENERAL FUND | $613,480 |
United States Tennis Association Inc White Plains, NY PURPOSE: PROGRAM GRANT | $81,100 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $54,800 |
Usta Foundation Incorporated White Plains, NY | | $40,000 |
Laura M & Peter T Grauer Foundation New York, NY PURPOSE: GENERAL PURPOSE | $25,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL SUPPORT; AREA OF GREATEST NEED; GENERAL OPERATING | $21,744 |
Endowment Analysis
| Beg. Balance | $30,213,113 |
| Earnings | $6,714,379 |
| Other Expense | $1,800,000 |
| Ending Balance | $35,127,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Tennis Hall Of Fame Incorporated Newport, RI | $82,551,116 | $14,024,189 |
Tenacity Inc Boston, MA | $5,621,842 | $5,321,929 |
The Sportmens Tennis & Enrichment Center Inc Dorchester, MA | $6,337,014 | $5,005,388 |
Tennis And Racquet Club Boston, MA | $1,909,646 | $1,126,682 |
Central Mass Juniors Volleyball Club Sudbury, MA | $184,820 | $718,638 |
Badminton & Tennis Club Boston, MA | $1,896,997 | $812,597 |
Manchester Bath & Tennis Club Inc Manchester, MA | $1,518,141 | $764,052 |
Norwalk Grassroots Tennis & Education Inc Norwalk, CT | $1,295,222 | $979,122 |
Sippican Tennis Club Marion, MA | $367,316 | $523,367 |
Vineyard Youth Tennis Inc Boston, MA | $0 | $521,226 |
Cambridge Tennis Club Inc Cambridge, MA | $270,809 | $455,543 |
Wayland Swimming And Tennis Club Inc Wayland, MA | $1,270,621 | $364,599 |