Usta Midwest Tennis & Education Foundation Inc
- Assets
- $4.2m
- Revenue
- $390.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 09/2001
- Data as of
- 12/2020
- EIN
- 35-1875466
Organization Overview
Usta Midwest Tennis & Education Foundation Inc, operating under the name USTA Midwest Tennis Education Foundation, is located in Indianapolis, IN. The organization was established in 2001. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, USTA Midwest Tennis Education Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USTA Midwest Tennis Education Foundation 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 12/2020, USTA Midwest Tennis Education Foundation generated $390.6k 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 (3.8%) each year. All expenses for the organization totaled $593.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, USTA Midwest Tennis Education Foundation has awarded 16 individual grants totaling $112,105. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS CURRENTLY CARRIED OUT IN FOUR WAYS: TO PROVIDE TENNIS OPPORTUNITIES TO ALL YOUTH FROM ALL CULTURAL AND ETHNIC BACKGROUNDS TO PROMOTE AND DEVELOP YOUTH TENNIS AS AN ENJOYABLE LIFETIME SPORT THAT CONTRIBUTES TO GOOD HEALTH LEADERSHIP EDUCATION DISCIPLINE AND BUILDS SELF-ESTEEM TO SUPPORT PROGRAMS THAT FOCUS ON CREATING POSITIVE ENVIRONMENTS FOR AT-RISK YOUTH TO HELP YOUTH REACH THEIR HIGHEST POTENTIAL IN TENNIS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO YOUTH AND ADULT TENNIS WITH THE DESIRE TO CREATE OPPORTUNITIES FOR THE PARTICIPANTS TO INCREASE THEIR LIFE OPTIONS.
TO ASSIST YOUTH PLAYERS IN IMPROVING THEIR ABILITIES AND INCREASE THE OPTIONS TO ELIGIBLE PLAYERS FOR SCHOLARSHIPS TO THE COLLEGE OF THEIR CHOICE.
GRANTS TO PROGRAMS THAT HELP IN ADVANCING EDUCATION AND ATHLETICS TO YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Albi President | OfficerTrustee | 5 | $0 |
Ryan Ruzziconi Treasurer | OfficerTrustee | 5 | $0 |
Christian Bronk Vice President | OfficerTrustee | 5 | $0 |
Timothy Ross Secretary | OfficerTrustee | 5 | $0 |
Paul Farah Director | Trustee | 1 | $0 |
Larry Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,385 |
| Related organizations | $229,238 |
| Government grants | $30,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,307 |
| Noncash contributions included in lines 1a–1f | $204,238 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,126 |
| Total Program Service Revenue | $93,541 |
| Investment income | $6,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$129,206 |
| 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 | $390,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,790 |
| Grants and other assistance to domestic individuals. | $68,233 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,836 |
| Payroll taxes | $8,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $0 |
| Office expenses | $28,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,532 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $593,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,333,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $40,824 |
| 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 | $16,053 |
| Net Land, buildings, and equipment | $2,478,797 |
| Investments—publicly traded securities | $251,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,160,822 |
| Accounts payable and accrued expenses | $103,371 |
| Grants payable | $0 |
| Deferred revenue | $31,205 |
| 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 | $1,686,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,820,934 |
| Net assets without donor restrictions | $1,907,365 |
| Net assets with donor restrictions | $432,523 |
| 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 | $4,160,822 |
Grants Awarded
Over the last fiscal year, Usta Midwest Tennis & Education Foundation Inc has awarded $23,475 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Westmont, IL PURPOSE: Program Grant | $6,500 |
Richmond, IN PURPOSE: Program Grants | $6,000 |
Milwaukee, WI PURPOSE: Program Grant | $5,500 |
Carmel, IN PURPOSE: Program Grants | $5,475 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Usta Midwest Tennis & Education Foundation Inc has recieved totaling $156,374.
| Awarding Organization | Amount |
|---|---|
United States Tennis Association Inc Indianapolis, IN PURPOSE: Foundation Support Funding | $141,248 |
Usta Foundation Incorporated White Plains, NY | | $10,000 |
Eugene And Marilyn Glick Foundation Corporation Indianapolis, IN PURPOSE: SUPPORT PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Endowment Analysis
| Beg. Balance | $250,000 |
| Ending Balance | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xs Tennis And Education Foundation Chicago, IL | $22,017,905 | $4,505,523 |
Metro Squash Nfp Chicago, IL | $13,154,185 | $4,902,892 |
River Forest Tennis Club River Forest, IL | $2,416,575 | $1,463,446 |
Boone County Tennis Center Zionsville, IN | $3,917,411 | $1,573,945 |
Tennaqua Deerfield, IL | $1,804,335 | $1,223,012 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
Jasper Tennis Patrons Organization Inc Jasper, IN | $88,945 | $383,311 |
Tennis Industry Association Chicago, IL | $170,386 | $691,025 |
Evansville Area Tennis Patrons Foundation Inc Evansville, IN | $2,596,452 | $756,598 |
Usta Midwest Tennis & Education Foundation Inc Indianapolis, IN | $4,160,822 | $390,633 |
United States Tennis Association Inc Chicago, IL | $443,514 | $543,380 |