Tennis & Education Inc
- Assets
- $4.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Saint Paul, MN
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 41-1965977
Organization Overview
Tennis & Education Inc is located in Saint Paul, MN. The organization was established in 2000. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Tennis & Education Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennis & Education 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, Tennis & Education Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING PEOPLE TOGETHER OF ALL AGES, ABILITIES AND BACKGROUNDS TO EMBRACE THE LIFELONG GAME OF TENNIS WHILE SERVING UNDER-RESOURCED YOUTH WITH THE SUPPORT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Tsai Executive Director | OfficerTrustee | 40 | $141,720 |
John Ahern President And Director | OfficerTrustee | 2 | $0 |
David Erickson Treasurer And Director | OfficerTrustee | 2 | $0 |
Rick Rinkoff Immediate Past President | OfficerTrustee | 1 | $0 |
Visala Goswitz Secretary And Director | OfficerTrustee | 2 | $0 |
Jack Foss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $185,691 |
| Related organizations | $0 |
| Government grants | $210,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,310 |
| Total Program Service Revenue | $2,025,065 |
| Investment income | $1,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,040 |
| 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 | $49,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,852,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,070 |
| Compensation of current officers, directors, key employees. | $99,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,562 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,848 |
| Office expenses | $34,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,869 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344,710 |
| Insurance | $58,418 |
| All other expenses | $0 |
| Total functional expenses | $2,478,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,289 |
| Savings and temporary cash investments | $908,594 |
| Pledges and grants receivable | $88,690 |
| Accounts receivable, net | $91,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,126 |
| Prepaid expenses and deferred charges | $25,413 |
| Net Land, buildings, and equipment | $2,757,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,348,545 |
| Accounts payable and accrued expenses | $88,664 |
| 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 | $294,939 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $247,805 |
| Total liabilities | $631,408 |
| Net assets without donor restrictions | $3,688,132 |
| Net assets with donor restrictions | $29,005 |
| 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 | $4,348,545 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tennis & Education Inc has recieved totaling $96,900.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $34,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $26,900 |
Usta Northern Eagan, MN PURPOSE: Marketing grant; community tennis grant; matching gift | $10,500 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Sheltering Arms Foundation Minneapolis, MN PURPOSE: SEE SCHEDULE O | $8,000 |
Frederic C Collins Trust Uw Fbo Polo And Tennis Las Vegas, NV PURPOSE: TENNISWORKS YOUTH DEVELOPMENT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Sports Center Foundation Blaine, MN | $27,150,165 | $17,022,739 |
Keystone Community Services St Paul, MN | $8,365,266 | $10,237,066 |
Wisconsin Interscholastic Athletic Association Stevens Point, WI | $5,017,808 | $3,980,109 |
Tennis & Education Inc Saint Paul, MN | $4,348,545 | $2,852,378 |
United Sports Academy North Sioux City, SD | $487,095 | $1,858,577 |
Eagan Athletic Association Eagan, MN | $1,025,643 | $1,830,923 |
Fox Cities Sports Development Inc Appleton, WI | $722,935 | $1,613,590 |
Central Collegiate Hockey Association Inc Deephaven, MN | $346,760 | $1,284,146 |
West Fargo Hockey Association Inc West Fargo, ND | $4,329,462 | $2,916,866 |
Rosemount Area Hockey Association Rosemount, MN | $640,181 | $1,169,578 |
Running Usa Inc Minneapolis, MN | $710,193 | $812,424 |
Iowa Volleyball Association Clive, IA | $575,619 | $865,650 |