World Oilmans Tennis Tournament Corp
- Assets
- $88.9k
- Revenue
- $355.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 74-2656299
Organization Overview
World Oilmans Tennis Tournament Corp is located in Houston, TX. The organization was established in 1993. 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. World Oilmans Tennis Tournament Corp 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, World Oilmans Tennis Tournament Corp generated $355.0k 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 (4.4%) each year. All expenses for the organization totaled $350.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. 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
"SEE SCHEDULE O"ENCOURAGE CAMARADERIE AND ESTABLISH FRIENDSHIPS WHILE HELPING TO FORGE STRONG BUSINESS RELATIONSHIPS THROUGHOUT THE FAR-REACHING PETROLEUM INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TENNIS TOURNAMENT FOR THE RECREATION OF PERSONS INVOLVED IN THE OIL & GAS INDUSTRY TO RAISE MONEY FOR VARIOUS CHARITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bartlett Director | OfficerTrustee | 1 | $0 |
John C Aubrey Director | OfficerTrustee | 1 | $0 |
Mike Calhoun Director | OfficerTrustee | 1 | $0 |
Thurmon Andress Treasurer | OfficerTrustee | 1 | $0 |
Peter Currie Director | OfficerTrustee | 1 | $0 |
Bob Murphy Treasurer | Trustee | 1 | $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 | $247,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,000 |
| Total Program Service Revenue | $108,000 |
| Investment income | $20 |
| 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 | $355,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $13,322 |
| Office expenses | $17,463 |
| 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 | $13,549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $91 |
| Total functional expenses | $350,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,115 |
| Savings and temporary cash investments | $39,800 |
| 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 | $88,915 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $88,915 |
| Total liabilities and net assets/fund balances | $88,915 |
Grants Awarded
Over the last fiscal year, World Oilmans Tennis Tournament Corp has awarded $31,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL SUPPORT | $7,500 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $7,500 |
West Nyack, NY PURPOSE: GENERAL SUPPORT | $6,000 |
Houston, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Houston, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Oilmans Tennis Tournament Corp has recieved totaling $11,373.
| Awarding Organization | Amount |
|---|---|
John And Amy Aubrey Foundation Houston, TX PURPOSE: CHARITABLE | $11,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Texas Section Austin, TX | $7,818,554 | $8,049,451 |
Bush Tennis Center Midland, TX | $9,369,349 | $1,319,595 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
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 |
Dallas Tennis Association Addison, TX | $872,322 | $1,029,627 |
Tulsa Tennis Club Tulsa, OK | $1,931,685 | $717,279 |
Tennis Club Of Albuquerque Inc Albuquerque, NM | $540,300 | $617,425 |
First Serve Okc Foundation Oklahoma City, OK | $224,307 | $410,261 |
Houston Tennis Association Inc Houston, TX | $747,548 | $741,420 |
Capital Area Tennis Association Austin, TX | $783,823 | $615,883 |
San Antonio Tennis Association Inc San Antonio, TX | $528,051 | $504,537 |