Tennis Memphis Inc
- Assets
- $350.6k
- Revenue
- $1.3m
- Investments
- $34.3k
- Employees
- 73
- Location
- Memphis, TN
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 52-2362589
Organization Overview
Tennis Memphis Inc is located in Memphis, TN. The organization was established in 2002. 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 06/2022, Tennis Memphis Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennis Memphis 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 06/2022, Tennis Memphis Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TENNIS MEMPHIS IS A DIVERSE ORGANIZATION STRIVING TO ENHANCE AND CHANGE THE LIVES OF PEOPLE OF ALL AGES AND SOCIO-ECONOMIC BACKGROUNDS IN THE MEMPHIS COMMUNITY THROUGH THE GAME OF TENNIS, AND THROUGH EDUCATIONAL AND LIFE SKILLS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS MEMPHIS, INC. MANAGES AND OPERATES PUBLIC TENNIS CENTERS IN THE CITY OF MEMPHIS, TENNESSEE. IN ADDITION, THE ORGANIZATION SPONSORED CAMPS, TOURNAMENTS, AND OTHER LOW COST OR FREE TENNIS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roopan Sandu Chairwoman | OfficerTrustee | 1 | $0 |
Kevin Kane Vice-Chairman | OfficerTrustee | 1 | $0 |
Gwinn Scott Secretary | OfficerTrustee | 1 | $0 |
Nancy Welsh Smith Director | Trustee | 1 | $0 |
Paulo Teixeira Director | Trustee | 1 | $0 |
Robyn Cook Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,294 |
| Related organizations | $0 |
| Government grants | $140,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,734 |
| Total Program Service Revenue | $974,615 |
| 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 | -$3,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,302,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,020 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,418 |
| Fees for services: Accounting | $22,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425 |
| Advertising and promotion | $21,475 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,516 |
| Insurance | $24,251 |
| All other expenses | $25,435 |
| Total functional expenses | $1,302,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $794 |
| Prepaid expenses and deferred charges | $579 |
| Net Land, buildings, and equipment | $11,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,559 |
| Accounts payable and accrued expenses | $28,033 |
| 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 | $0 |
| Total liabilities | $28,033 |
| Net assets without donor restrictions | $322,526 |
| 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 | $350,559 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tennis Memphis Inc has recieved totaling $107,629.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $59,500 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $25,000 |
Usta Foundation Incorporated White Plains, NY | | $17,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Tennis Association Inc Peachtree Corners, GA | $27,075,181 | $12,482,397 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Georgia Tennis Association Inc Marietta, GA | $3,312,720 | $2,030,309 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |