Mississippi Tennis Association Inc
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Jackson, MS
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 63-0737693
Organization Overview
Mississippi Tennis Association Inc is located in Jackson, MS. The organization was established in 1978. 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, Mississippi Tennis Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Tennis Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mississippi Tennis Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $832.7k 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 DEVELOPMENT OF TENNIS AS A MEANS OF HEATHFUL RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF TENNIS AS A MEANS OF HEALTHFUL RECREATION BY SANCTIONING AND CONDUCTING TENNIS EVENTS. THIS INCLUDES JUNIOR RECREATIONS PROGRAMS, ADULT LEAGUES AND GRANTS TO OTHER ORGANIZATIONS WITH THE SAME PURPOSE OF TENNIS PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Norton Executive Director | OfficerTrustee | 40 | $80,301 |
Jimmie Coins President | OfficerTrustee | 0 | $0 |
David Kimball Vice Prsident | OfficerTrustee | 0 | $0 |
George Miller Secretary | OfficerTrustee | 0 | $0 |
Jeffrey Farris Imm. Past President | OfficerTrustee | 0 | $0 |
Robert Garrett Exec. Vice President | OfficerTrustee | 0 | $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 | $376,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,095 |
| Total Program Service Revenue | $586,479 |
| Investment income | $184,266 |
| 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 | $1,163,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,791 |
| 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. | $80,301 |
| Compensation of current officers, directors, key employees. | $80,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,876 |
| Payroll taxes | $17,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,070 |
| Fees for services: Other | $256,700 |
| Advertising and promotion | $17,507 |
| Office expenses | $20,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,135 |
| Insurance | $3,894 |
| All other expenses | $5,644 |
| Total functional expenses | $832,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,470 |
| Savings and temporary cash investments | $53,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,979 |
| 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 | $3,473 |
| Net Land, buildings, and equipment | $189,138 |
| Investments—publicly traded securities | $1,191,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,105,109 |
| Accounts payable and accrued expenses | $3,967 |
| Grants payable | $0 |
| Deferred revenue | $12,082 |
| 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 | $16,049 |
| Net assets without donor restrictions | $2,089,060 |
| 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 | $2,105,109 |
Grants Awarded
Over the last fiscal year, Mississippi Tennis Association Inc has awarded $29,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Corinth, MS PURPOSE: COMMUNITY COORDINATOR GRANT - CONTRACT WITH LOCAL COORDINATOR TO RUN TENNIS PROGRAMS | $10,000 |
CITY OF BROOKHAVEN PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $7,000 |
CITY OF OCEAN SPRINGS PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $6,000 |
CITY OF JACKSON PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mississippi Tennis Association Inc has recieved totaling $465,451.
| Awarding Organization | Amount |
|---|---|
Southern Tennis Association Inc Peachtree Corners, GA PURPOSE: GENERAL & ADMINISTRATIVE, MEMBERSHIP, COMMUNITY DEVELOPMENT, & OTHER ASSORTED GRANTS. | $465,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Louisiana Tennis Association Inc Baton Rouge, LA | $1,512,567 | $1,221,450 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Manker Patten Tennis Club Inc Chattanooga, TN | $2,476,761 | $957,597 |
Mississippi Tennis Association Inc Jackson, MS | $2,105,109 | $1,163,690 |
Vanity Fair Golf & Tennis Club Inc Monroeville, AL | $974,182 | $462,271 |
Indian Lake Forest Swim & Tennis Club Inc Hendersonvlle, TN | $342,480 | $278,150 |
Hattiesburg Tennis Inc Hattiesburg, MS | $495,461 | $385,179 |
Greater Baton Rouge Community Tennis Association Inc Zachary, LA | $54,506 | $0 |