Algonquin Indoor Tennis Center Inc
- Assets
- $675.1k
- Revenue
- $116.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hooksett, NH
- Founding
- 09/1971
- Data as of
- 06/2022
- EIN
- 02-0278125
Organization Overview
Algonquin Indoor Tennis Center Inc is located in Hooksett, NH. The organization was established in 1971. 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. Algonquin Indoor Tennis Center Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Algonquin Indoor Tennis Center Inc generated $116.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $93.3k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL TENNIS FOR 135 MEMBERS AND THEIR GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL TENNIS FOR 135 MEMBERS AND THEIR GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James V Prieto President | Officer | 1.25 | $0 |
Deb Puderbaugh Director | Trustee | 0.5 | $0 |
Jason Linscott Secretary | Trustee | 1.25 | $0 |
David Wheeler Treasurer | Trustee | 0.5 | $0 |
Marcus Chappell Director | Trustee | 0.5 | $0 |
Daniel Cronin Director | Trustee | 0.5 | $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 | $116,279 |
| Investment income | $10 |
| 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 | $116,289 |
| 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 | $14,400 |
| 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 | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,168 |
| Insurance | $4,645 |
| All other expenses | $321 |
| Total functional expenses | $93,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,902 |
| 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 | $604,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $675,120 |
| 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 | $295,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10 |
| Total liabilities | $295,292 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $160,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $200 |
| Retained earnings, endowment, accumulated income, or other funds | $219,628 |
| Total liabilities and net assets/fund balances | $675,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenacity Inc Boston, MA | $5,621,842 | $5,321,929 |
The Sportmens Tennis & Enrichment Center Inc Dorchester, MA | $6,337,014 | $5,005,388 |
Tennis And Racquet Club Boston, MA | $1,909,646 | $1,126,682 |
Central Mass Juniors Volleyball Club Sudbury, MA | $184,820 | $718,638 |
Badminton & Tennis Club Boston, MA | $1,896,997 | $812,597 |
Manchester Bath & Tennis Club Inc Manchester, MA | $1,518,141 | $764,052 |
Burlington Tennis Club Inc Burlington, VT | $581,068 | $717,760 |
Sippican Tennis Club Marion, MA | $367,316 | $523,367 |
Vineyard Youth Tennis Inc Boston, MA | $0 | $521,226 |
Cambridge Tennis Club Inc Cambridge, MA | $270,809 | $455,543 |
Wayland Swimming And Tennis Club Inc Wayland, MA | $1,270,621 | $364,599 |
Ludlow Tennis Club Inc Ludlow, MA | $1,620,883 | $294,167 |