Tyler Tennis And Swim Club Shiloh
- Assets
- $1.2m
- Revenue
- $630.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 75-1225470
Organization Overview
Tyler Tennis And Swim Club Shiloh is located in Tyler, TX. The organization was established in 1966. 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. Tyler Tennis And Swim Club Shiloh is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION WAS FORMED IN 1965 TO PROVIDE A QUALITY TENNIS FACILITY TO ENABLE MEMBERS AND THEIR FAMILIES TO COMPETE IN TENNIS COMPETITION AT ALL LEVELS WITH INSTRUCTION PROVIDED BY TENNIS PROFESSIONALS AND QUALITY TENNIS COURTS FOR PRACTICE AND RECREATION, QUALITY SWIMMING FACILITY FOR RECREATION AND SWIM LESSONS FOR MEMBERS AND THEIR FAMILIES. HOWEVER IN 2014 IT WAS DETERMINED THAT THE FACILITIES WERE IN DIRE NEED OF UPDATING AND FUNDING WAS NOT AVAILABLE TO FULFILL THIS NEED. THE STOCKHOLDERS VOTED TO SELL THE REAL ESTATE PROPERTY TO ANOTHER TENNIS AND SWIM ORGANIZATION WITH A STIPULATION THAT FUNDS WOULD BE REIMBURSED TO THE CURRENT COMPANY IF CERTAIN CRITERIA ARE NOT MET IN A SEVEN YEAR PERIOD AFTER THE CONTRACT WAS SIGNED. THEREFORE, THIS CORPORATION WILL NEED TO REMAIN ACTIVE FOR THE REMAINING CONTRACT PERIOD ESTIMATED TO BE THE END OF 2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL TENNIS AND SWIM CLUB SERVING APPROXIMATELY 215 FAMILIES THROUGH CLUB MEMBERSHIPS, HOWEVER, SINCE SELLING THE CLUB REAL ESTATE PROPERTY TO ANOTHER TENNIS AND SWIM CLUB, THIS CORPORATION WILL REMAIN ACTIVE UNTIL THE END OF THE SEVEN YEAR CONTRACT PERIOD AS AGREED UPON WITH THE NEW BUYER. THIS CORPORATION HAS NO CURRENT INCOME ACTIVITY AND THE ONLY EXPENSES ARE UPKEEP UNTIL THE END OF THE SEVEN YEAR CONTRACT PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Olive President | Officer | 1 | $0 |
Penny Spellman Treasurer | Officer | 1 | $0 |
Meg Robertson Director | Trustee | 1 | $0 |
Greg Ensley Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $630 |
| 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 | $630 |
| 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 | $1,450 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $576 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,731 |
| All other expenses | $0 |
| Total functional expenses | $3,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| 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 | $1,188,189 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $160,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,290 |
| Retained earnings, endowment, accumulated income, or other funds | $1,015,798 |
| Total liabilities and net assets/fund balances | $1,188,189 |
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 |