Taylor Group Foundation Inc
- Assets
- $2.1m
- Revenue
- $377.1k
- Investments
- $57.5k
- Employees
- 14
- Location
- WinstonSalem, NC
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-2935278
Organization Overview
Taylor Group Foundation Inc is located in WinstonSalem, NC. The organization was established in 2011. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Taylor Group Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taylor Group Foundation Inc 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, Taylor Group Foundation Inc generated $377.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $425.4k during the year ending 12/2021. 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
THE TAYLOR GROUP FOUNDATION PROMOTES THE HEALTH AND RECREATIONAL BENEFITS OF TENNIS.THE OBJECTIVES ARE MET THROUGH TEACHING, OFFERING ORGANIZED GROUP ACTIVITIES AS WELL AS SPONSORING, PROMOTING AND PROVIDING FACILITIES FOR TENNIS TOURNAMENTS AND CHARITY TENNIS EVENTS THAT CONTRIBUTE TO THE COMMUNITY WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES (DEPRECIATION, PROPERTY TAXES, UTILITES, EQUIPMENT COSTS) RELATED TO FACILITES BEING USED TO PROMOTE THE HEALTH AND RECREATIONAL BENEFITS OF TENNIS TO CONTRIBUTE TO THE COMMUNITY WELFARE.
OUT OF POCKET EXPENSES FOR TOURNAMENTS TO ASSIST ADULT LEAGUE CHAMPIONSHIPS, 12'S NATIONAL CLAY COURT CHAMPIONSHIPS, AND TAR HEEL QUALIFIERS, INCLUDING AMOUNTS GIVEN TO THE USTA FOR LOCAL TENNIS TOURNAMENTS.
OUT OF POCKET EXPENSES FOR BENEFITS SUCH AS THE SMASH CANCER AND THE ADAPTIVE ABILITIES TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Rucker Director | Trustee | 40 | $14,445 |
Suzanne T Ramm President And Director | OfficerTrustee | 10 | $0 |
Jere P Curtis Treasurer | Officer | 10 | $0 |
Danielle J Viator Secretary | Officer | 1 | $0 |
Kathryn N Taylor Director | Trustee | 1 | $0 |
Marguerite B Taylor Director | Trustee | 1 | $0 |
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 | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $360,171 |
| Investment income | $2,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,090 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,445 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,392 |
| Fees for services: Management | $30,059 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,036 |
| Information technology | $6,110 |
| Royalties | $0 |
| Occupancy | $53,738 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,798 |
| Insurance | $16,654 |
| All other expenses | $2,634 |
| Total functional expenses | $425,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,850 |
| Prepaid expenses and deferred charges | $9,221 |
| Net Land, buildings, and equipment | $1,967,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,458 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,112,897 |
| Accounts payable and accrued expenses | $9,412 |
| 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 | $76,540 |
| Total liabilities | $85,952 |
| 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 | $2,026,945 |
| Total liabilities and net assets/fund balances | $2,112,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Glade Community Club Fairfield Glade, TN | $59,504,971 | $24,464,764 |
Recreation Vehicle Industry Association Inc Reston, VA | $74,296,220 | $17,630,703 |
Agape Community Center Inc Atlanta, GA | $10,850,690 | $3,588,324 |
Emily Krzyzewski Family Life Center Inc Durham, NC | $20,182,239 | $3,389,390 |
Burkwood Recreation Association Inc Mechanicsville, VA | $4,730,258 | $2,143,788 |
Recreation Vehicle Dealers Association Of North America Fairfax, VA | $5,938,540 | $2,136,084 |
University Of North Carolina Faculty-Staff Recreation Associati Chapel Hill, NC | $5,306,904 | $2,177,390 |
Middle Tyger Community Center Lyman, SC | $2,238,073 | $1,534,310 |
Kanawha Recreation Association Henrico, VA | $2,872,529 | $951,606 |
Floyd County Recreation Association Incorporated Floyd, VA | $854,087 | $836,275 |
Lake Jeanette Recreation Association Inc Greensboro, NC | $1,162,599 | $937,834 |
Donaldson Run Recreation Association Inc Arlington, VA | $2,294,632 | $760,116 |