Oakmont Tennis Club
- Assets
- $427.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 12/1960
- Data as of
- 09/2023
- EIN
- 23-1575873
Organization Overview
Oakmont Tennis Club is located in Allentown, PA. The organization was established in 1960. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Oakmont Tennis Club generated $59.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $49.5k during the year ending 09/2023. While expenses have increased by 3.1% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TENNIS LEAGUES AND CLINICS SCHEDULED FOR ALL LEVELS OF TENNIS SOCIAL EVENTS - RANDOM PLAY FOR ALL MEMBERS AND THEIR GUESTS US OPEN - 1 DAY BUS TRIP TO US OPEN COURT AVAILABILITY FOR LOCAL SCHOOL AND NON-PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Basist Club President | 5 | $0 | |
Ed Nissenbaum Vice President | 5 | $0 | |
Rob Stevens Secretary | 5 | $0 | |
Susan Zimskind Treasurer | 5 | $0 | |
Ed Pfenninger Instructor | 6 | $1,332 | |
Donald Lorenzo Groundskeeper | 2 | $535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $675 |
| Total Program Service Revenue | $0 |
| Membership dues | $39,600 |
| Investment income | $755 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,183 |
| Total Revenue | $59,213 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,885 |
| Professional fees and other payments to independent contractors | $1,545 |
| Occupancy, rent, utilities, and maintenance | $15,089 |
| Printing, publications, postage, and shipping | $229 |
| Other expenses | $28,749 |
| Total expenses | $49,497 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,706 |
| Other assets | $0 |
| Total assets | $427,706 |
| Total liabilities | $0 |
| Net assets or fund balances | $427,706 |