Usta Player Development Incorporated
- Assets
- $604.1k
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 5
- Location
- White Plains, NY
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-1368195
Organization Overview
Usta Player Development Incorporated is located in White Plains, NY. The organization was established in 2010. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Usta Player Development Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usta Player Development 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, Usta Player Development Incorporated generated $13.9m 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 (3.4%) each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Usta Player Development Incorporated has awarded 76 individual grants totaling $970,195. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF USTA PLAYER DEVELOPMENT INCORPORATED IS TO EDUCATE AND TRAIN YOUNG PEOPLE IN THE SPORT OF TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF PLAYER DEVELOPMENT IS TO IMPLEMENT A SYSTEMATIC, PLAYER-CENTRIC APPROACH IN DEVELOPING WORLD-CLASS AMERICAN PLAYERS AND COACHES IN PARTNERSHIP WITH PRIVATE SECTOR. PLAYER DEVELOPMENT STRIVES TO BE THE BEST IN THE WORLD, DEVELOPING AND DEPLOYING EDUCATIONAL, TRAINING AND COACHING RESOURCES TO SERVE TEAM USA. THE PLAYER DEVELOPMENT PROGRAM IS BASED AT THE USTA NATIONAL CAMPUS IN ORLANDO, FL, AND ALSO UTILIZES THE USTA TRAINING CENTER - WEST IN CARSON, CA. PLAYER DEVELOPMENT HAS HIRED NATIONAL COACHES WHO HAVE CONTACT WITH 10 TO 15 TOP PLAYERS IN ALL AGE GROUPS AND AN IN-DEPTH KNOWLEDGE OF ANOTHER 20 TO 30 PLAYERS. THESE COACHES PROVIDE INFORMATION, ADVICE AND ATTEND TOURNAMENTS WITH THESE PLAYERS. THE COACHES ARE REQUIRED TO BE CERTIFIED AND CONTINUE THEIR COACHING EDUCATION IN ORDER TO PROVIDE THE NECESSARY SUPPORT TO THE PLAYERS WITH WHOM THEY WORK. FINANCIAL SUPPORT TO THE PLAYERS IS AN INTEGRAL FOCUS OF THIS PROGRAM. IN 2021, PLAYER DEVELOPMENT EXCELLENCE GRANTS WERE DISTRIBUTED TO 27 PLAYERS. IN COORDINATION WITH THE NATIONAL COACHES, THE PLAYERS USE THESE GRANTS FOR TRAINING. THE FUNDS CAN BE USED IN A VARIETY OF WAYS FOR TENNIS DEVELOPMENT (E.G., ACADEMIES/COACHING). IN ADDITION, FOCUS IS PLACED ON SUPPORTING YOUNG TOURING PROS AS WELL AS DEVELOPING EXPOSURE OF YOUNG AMERICAN PLAYERS AT THE INTERNATIONAL JUNIOR AND PROFESSIONAL LEVELS. FOR PLAYERS WHO PARTICIPATE IN THIS PROGRAM, EVERY EFFORT IS MADE TO PROVIDE THEM WITH RESOURCES AND SUPPORT TO FOSTER THEIR CONTINUED SUCCESS. AMERICAN TENNIS PLAYERS, AT BOTH THE PROFESSIONAL AND JUNIOR LEVELS, MADE GREAT STRIDES IN 2021. BY THE END OF THE YEAR, 9 MEN AND 10 WOMEN WERE RANKED IN THE TOP 200 ATP/WTA THAT WERE 24 YEARS OF AGE OR YOUNGER. IN THE JUNIOR SPACE WE HAD 17 BOYS AND 14 GIRLS THAT WERE RANKED INSIDE THE TOP 100 ITF RANKINGS. PLAYER DEVELOPMENT, WHILE SEEKING TO WORK WITH THE PRIVATE SECTOR TO DEVELOP WORLD-CLASS AMERICAN PLAYERS AND SUPPORTING PLAYERS, PARENTS AND COACHES, LEADS THE WORLD IN ESTABLISHING A STANDARD OF EXCELLENCE FOR TENNIS TRAINING AND DEVELOPMENT TO WHICH ALL AMERICAN PLAYERS AND COACHES CAN RALLY BEHIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcnulty III Chairman & President | OfficerTrustee | 1 | $0 |
Dr Brian Hainline First Vice President | OfficerTrustee | 1 | $0 |
Violet Clark Vice President | OfficerTrustee | 1 | $0 |
Laura F Canfield Vice President | OfficerTrustee | 1 | $0 |
Brian Vahaly Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Michael Dowse CEO & Executive Director | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Higueras Tennis Llc Coaching | 12/30/20 | $355,741 |
Walker Hospitality Downtown Inc Food/catering | 12/30/20 | $150,750 |
Junior Tennis Champions Center Coaching | 12/30/20 | $110,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,868,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,893,000 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,893,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,250 |
| Grants and other assistance to domestic individuals. | $845,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $659,906 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,774,462 |
| Pension plan accruals and contributions | $75,906 |
| Other employee benefits | $615,798 |
| Payroll taxes | $261,740 |
| 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 | $0 |
| Fees for services: Other | $1,398,159 |
| Advertising and promotion | $0 |
| Office expenses | $138,171 |
| Information technology | $137,253 |
| Royalties | $0 |
| Occupancy | $1,568,497 |
| Travel | $1,482,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,794 |
| Insurance | $0 |
| All other expenses | $97,435 |
| Total functional expenses | $11,604,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,149 |
| Savings and temporary cash investments | $11,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,835 |
| 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 | $9,975 |
| Net Land, buildings, and equipment | $383,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $604,131 |
| Accounts payable and accrued expenses | $882,042 |
| 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 | $11,271,962 |
| Total liabilities | $12,154,004 |
| Net assets without donor restrictions | -$11,549,873 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $604,131 |
Grants Awarded
Over the last fiscal year, Usta Player Development Incorporated has awarded $35,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: High Performance | $10,000 |
College Park, MD PURPOSE: Program excellence | $9,000 |
East Lansing, MI PURPOSE: Wheelchair grant | $5,500 |
Tuscaloosa, AL PURPOSE: Wheelchair grant | $5,500 |
UNIVERSITY OF HOUSTON PURPOSE: Wheelchair grant | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usta Player Development Incorporated has recieved totaling $13,873,000.
| Awarding Organization | Amount |
|---|---|
United States Tennis Association Inc White Plains, NY PURPOSE: SECTION GRANT | $13,720,000 |
Usta Foundation Incorporated White Plains, NY | | $153,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |