Greater Newark Tennis & Education
- Assets
- $182.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-4810511
Organization Overview
Greater Newark Tennis & Education is located in Morristown, NJ. The organization was established in 2018. 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. Greater Newark Tennis & Education 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 12/2023, Greater Newark Tennis & Education generated $121.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $72.0k during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OFFERS TENNIS INSTRUCTION AND ACADEMIC SUPPORT FREE OF CHARGE TO KIDS 6-18 IN THE GREATER NEWARK AREA AND TENNIS LESSONS FOR THEIR CAREGIVERS. TENNIS INSTRUCTION WAS PROVIDED TO OVER 150 CHILDREN AND THEIR FAMILIES.
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 |
|---|---|---|---|
Charles Mckenna Director | 3 | $0 | |
Joseph Mack Director | 1 | $0 | |
Erik Sandstedt Director | 1 | $0 | |
Karen Siegel Gruenberg Board Chairm | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,198 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $235 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $121,433 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,630 |
| Professional fees and other payments to independent contractors | $9,010 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $629 |
| Other expenses | $17,746 |
| Total expenses | $72,015 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $182,608 |
| Other assets | $0 |
| Total assets | $182,608 |
| Total liabilities | $0 |
| Net assets or fund balances | $182,608 |