Winston-Salem Professional Tennis Inc
- Assets
- $583.0k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Winstonsalem, NC
- Founding
- Data as of
- 12/2021
- EIN
- 20-8706241
Organization Overview
Winston-Salem Professional Tennis Inc is located in Winstonsalem, NC. Winston-Salem Professional Tennis Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Winston-Salem Professional Tennis Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 1.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STAGING OF PROFESSIONAL TENNIS MATCHES IN THE CITY OF WINSTON-SALEM, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL ASSISTANCE AND FUNDING FOR PROFESSIONAL TENNIS TOURNAMENTS HELD IN WINSTON-SALEM, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Ryan Executive Director | Officer | 1 | $197,035 |
Donald E Flow Director/chairman | OfficerTrustee | 1 | $0 |
Bucky Dame Director | Trustee | 1 | $0 |
Barry Faircloth Director | Trustee | 1 | $0 |
Matthew Waterman Director | Trustee | 1 | $0 |
Eugene Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atp Governing Body | 12/30/21 | $728,609 |
Inproduction Stadium Services | 12/30/21 | $259,925 |
Coleman House Event Management | 12/30/21 | $105,407 |
Wake Forest University Facility Leasing | 12/30/21 | $112,283 |
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 | $2,088,213 |
| Noncash contributions included in lines 1a–1f | $119,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,088,213 |
| Total Program Service Revenue | $1,073,558 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,303 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,213,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,700 |
| 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. | $197,035 |
| Compensation of current officers, directors, key employees. | $197,035 |
| 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 | $243,289 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,090 |
| Advertising and promotion | $102,804 |
| Office expenses | $9,424 |
| Information technology | $16,501 |
| Royalties | $0 |
| Occupancy | $159,840 |
| Travel | $129,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,838 |
| All other expenses | $234,303 |
| Total functional expenses | $2,785,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,882 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $583,015 |
| Accounts payable and accrued expenses | $33,811 |
| 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 | $33,811 |
| 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 | $549,204 |
| Total liabilities and net assets/fund balances | $583,015 |
Grants Awarded
Over the last fiscal year, Winston-Salem Professional Tennis Inc has awarded $50,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINSTON SALEM FORSYTH COUNTY SCHOOLS PURPOSE: GENERAL SUPPORT FOR ATHLETICS | $25,200 |
Winstonsalem, NC PURPOSE: GENERAL SUPPORT FOR THE HAROLD POLLARD CENTER | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winston-Salem Professional Tennis Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC PURPOSE: TO PROMOTE TENNIS IN ALL OUR COMMUNITIES BY DIRECTING CLINICS, TOURNAMENTS, TRAINING/EDUCATING INSTRUCTORS AN SPONSORING YOUTH AND ADULT PROGRAMS. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Affinity Health Center Rock Hill, SC | $21,220,850 | $20,654,145 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |