Magnolia Tennis Club Inc
- Assets
- $91.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 01/1977
- Data as of
- 02/2021
- EIN
- 23-7129645
Organization Overview
Magnolia Tennis Club Inc is located in Columbus, MS. The organization was established in 1977. 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. Magnolia Tennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2021, Magnolia Tennis Club Inc generated $88.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $119.8k during the year ending 02/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE FACILITIES FOR TENNIS FOR THE COLUMBUS, MS AND SURROUNDING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Brewer President | 0 | $0 | |
Brandt Galloway Vice President | 0 | $0 | |
Mary Margaret Swedenburg Secretary | 0 | $0 | |
Michael Prince Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,425 |
| Membership dues | $72,671 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,096 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,968 |
| Professional fees and other payments to independent contractors | $920 |
| Occupancy, rent, utilities, and maintenance | $72,178 |
| Printing, publications, postage, and shipping | $2,708 |
| Other expenses | $0 |
| Total expenses | $119,774 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154 |
| Other assets | $0 |
| Total assets | $91,573 |
| Total liabilities | $6,515 |
| Net assets or fund balances | $85,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Louisiana Tennis Association Inc Baton Rouge, LA | $1,512,567 | $1,221,450 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Manker Patten Tennis Club Inc Chattanooga, TN | $2,476,761 | $957,597 |
Mississippi Tennis Association Inc Jackson, MS | $2,105,109 | $1,163,690 |
Vanity Fair Golf & Tennis Club Inc Monroeville, AL | $974,182 | $462,271 |
Indian Lake Forest Swim & Tennis Club Inc Hendersonvlle, TN | $342,480 | $278,150 |
Hattiesburg Tennis Inc Hattiesburg, MS | $495,461 | $385,179 |
Greater Baton Rouge Community Tennis Association Inc Zachary, LA | $54,506 | $0 |