Los Angeles Tennis Club
- Assets
- $8.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 51
- Location
- Los Angeles, CA
- Founding
- 00/0000
- Data as of
- 10/2023
- EIN
- 95-0951420
Organization Overview
Los Angeles Tennis Club is located in Los Angeles, CA. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Los Angeles Tennis Club employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles 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 10/2023, Los Angeles Tennis Club generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.5m during the year ending 10/2023. While expenses have increased by 11.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECREATION AND SOCIAL ACTIVITIES FOR THE COMMUNITY ADULTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL FACILITIES
ATHLETIC,SOCIAL AND CULTURAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Layosh Toth General Manager | 50 | $124,139 | |
Silva Kayayan Controller | 40 | $105,311 | |
Colleen Connors Asst Gen Manager | 40 | $102,164 | |
Michelle Weiss President & CEO | OfficerTrustee | 5 | $0 |
Holly Cindell CFO | OfficerTrustee | 5 | $0 |
Milinda Mcneely Vice President | OfficerTrustee | 5 | $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 | $3,908,483 |
| Investment income | $7,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$287,987 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,787,513 |
| 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. | $124,139 |
| Compensation of current officers, directors, key employees. | $124,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,148,390 |
| Pension plan accruals and contributions | $27,075 |
| Other employee benefits | $0 |
| Payroll taxes | $96,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,182 |
| 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 | $17,084 |
| Advertising and promotion | $38 |
| Office expenses | $326,835 |
| 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 | $0 |
| Interest | $29,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,651 |
| Insurance | $331,240 |
| All other expenses | $648,722 |
| Total functional expenses | $3,526,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,311 |
| Savings and temporary cash investments | $485,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $482,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,317 |
| Prepaid expenses and deferred charges | $25,942 |
| Net Land, buildings, and equipment | $6,259,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,543 |
| Total assets | $8,220,380 |
| Accounts payable and accrued expenses | $342,448 |
| Grants payable | $0 |
| Deferred revenue | $14,221 |
| 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 | $628,260 |
| Other liabilities | $0 |
| Total liabilities | $984,929 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,235,451 |
| 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 | $8,220,380 |