Peninsula Tennis Club
- Assets
- $2.9m
- Revenue
- $571.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Burlingame, CA
- Founding
- 05/1935
- Data as of
- 12/2021
- EIN
- 94-0760734
Organization Overview
Peninsula Tennis Club is located in Burlingame, CA. The organization was established in 1935. 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, Peninsula Tennis Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Peninsula Tennis Club generated $571.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $547.7k 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
TO PROVIDE RECREATIONAL TENNIS AND TOURNAMENTS, AND SOCIAL ACTIVITIES FOR MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RECREATIONAL TENNIS & TOURNAMENTS AND SOCIAL ACTIVITIES FOR MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Reilly Vice President | OfficerTrustee | 5 | $0 |
Gene Trainor Treasurer | OfficerTrustee | 7 | $0 |
Kris Willig Secretary | OfficerTrustee | 7 | $0 |
Kate Belding President | OfficerTrustee | 7 | $0 |
Jack Herndon Director | Trustee | 5 | $0 |
Denee Berliner Director | Trustee | 3 | $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 | $562,887 |
| Investment income | $216 |
| 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 | $8,669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $571,772 |
| 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 | $108,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $566 |
| Office expenses | $7,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,710 |
| Travel | $654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,121 |
| Insurance | $21,439 |
| All other expenses | $0 |
| Total functional expenses | $547,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,874 |
| Savings and temporary cash investments | $469,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,800 |
| Inventories for sale or use | $1,699 |
| Prepaid expenses and deferred charges | $4,566 |
| Net Land, buildings, and equipment | $2,382,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,860 |
| Other assets | $0 |
| Total assets | $2,909,363 |
| Accounts payable and accrued expenses | $17,076 |
| 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 | $539,076 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $556,152 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,870,303 |
| Paid-in or capital surplus, or land, building, or equipment fund | $458,850 |
| Retained earnings, endowment, accumulated income, or other funds | $24,058 |
| Total liabilities and net assets/fund balances | $2,909,363 |
Endowment Analysis
| Beg. Balance | $10,371 |
| Earnings | $3 |
| Ending Balance | $10,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta-Pacific Northwest Section Beaverton, OR | $10,364,483 | $7,064,482 |
Beverly Hills Tennis Club Inc Beverly Hills, CA | $2,309,166 | $2,797,755 |
Usta-Hawaii Pacific Section Honolulu, HI | $0 | $1,613,919 |
Berkeley Tennis Club Berkeley, CA | $3,688,047 | $2,587,848 |
Belvedere Tennis Club Tiburon, CA | $4,399,407 | $2,534,693 |
East Palo Alto Tennis And Tutoring Palo Alto, CA | $1,922,035 | $1,623,690 |
Marty Hennessy Inspiring Children Foundation Boulder City, NV | $2,001,454 | $2,553,075 |
Rancho Bernardo Swim & Tennis Club San Diego, CA | $4,244,361 | $1,515,338 |
Palos Verdes Tennis Foundation Palos Verdes Estates, CA | $870,836 | $1,783,286 |
Marin Tennis Club San Rafael, CA | $3,004,234 | $1,464,389 |
Mill Valley Tennis Club Mill Valley, CA | $2,138,090 | $1,408,475 |
Saddlebrooke Pickleball Association Tucson, AZ | $216,834 | $469,910 |