Oklahoma Tennis Foundation
- Assets
- $293.7k
- Revenue
- $132.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-3771938
Organization Overview
Oklahoma Tennis Foundation is located in Edmond, OK. The organization was established in 2014. 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. Oklahoma Tennis 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 12/2021, Oklahoma Tennis Foundation generated $132.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $125.1k 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
OKLAHOMA TENNIS FOUNDATION POSITIVELY IMPACTS LIVES BY SUPPORTING & FUNDING ORGANIZATIONS THAT PROMOTE TENNIS & EDUCATION THROUGHOUT THE GREAT STATE OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS HALL OF FAME USED TO PROMOTE THE FUTURE OF TENNIS IN OKLAHOMA BY PRESERVING ITS RICH HISTORY.
PROVIDE SUPPORT FOR NATIONAL JUNIOR TENNIS AND LEARNING ORGANIZATIONS IN OKLAHOMA
PROVIDE SCHOLARSHIPS TO JUNIOR TENNIS PLAYERS TO HELP WITH HIGHER EDUCATION
EXPENSES USED TO PROMOTE AND RAISE THE PUBLIC'S AWARENESS OF THE OKLAHOMA TENNIS FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Swyden Past President | OfficerTrustee | 0 | $0 |
Ky Nichols Director | OfficerTrustee | 0 | $0 |
Dr Steve Painton Past President | OfficerTrustee | 0 | $0 |
Carolyn Richmond Secretary | OfficerTrustee | 0 | $0 |
Kyle Haugen Treasurer | OfficerTrustee | 0 | $0 |
Bill Towler President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,676 |
| 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 | $132,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,666 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,417 |
| Compensation of current officers, directors, key employees. | $17,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,275 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $479 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,160 |
| All other expenses | $0 |
| Total functional expenses | $125,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,683 |
| Accounts payable and accrued expenses | $0 |
| 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 | $978 |
| Total liabilities | $978 |
| Net assets without donor restrictions | $98,826 |
| Net assets with donor restrictions | $193,879 |
| 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 | $293,683 |
Grants Awarded
Over the last fiscal year, Oklahoma Tennis Foundation has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST SERVE OKC FOUNDATION PURPOSE: TENNIS EQUIPMENT & SUPPLIES FOR NJTL | $12,500 |
USAO FOUNDATION PURPOSE: TENNIS PROGRAM SUPPORT | $10,000 |
BRITTON CHRISTIAN CHURCH PURPOSE: TENNIS EQUIPMENT & SUPPLIES FOR NJTL | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oklahoma Tennis Foundation has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Smith Martini Foundation Brevard, NC PURPOSE: COLLEGE SCHOLARSHIPS | $5,000 |
Atkinson Family Foundation Inc Tulsa, OK PURPOSE: NONE SPECIFIED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Texas Section Austin, TX | $7,818,554 | $8,049,451 |
Intermountain Tennis Association Denver, CO | $978,629 | $2,953,700 |
United States Tennis Association Missouri Valley Section Prairie Village, KS | $1,685,977 | $2,908,878 |
Colorado Tennis Association Denver, CO | $1,001,755 | $2,210,435 |
Bush Tennis Center Midland, TX | $9,369,349 | $1,319,595 |
United States Table Tennis Association Colorado Springs, CO | $717,492 | $1,875,586 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
Village Tennis Riding And Swim Club Inc Cherry Hills Village, CO | $5,176,377 | $2,213,617 |
United States Racquetball Association Colorado Springs, CO | $605,679 | $1,181,471 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Denver Tennis Club Denver, CO | $1,863,502 | $1,051,082 |
Dallas Tennis Association Addison, TX | $872,322 | $1,029,627 |