Tenacity Inc
- Assets
- $5.6m
- Revenue
- $5.3m
- Investments
- $103.8k
- Employees
- 124
- Location
- Boston, MA
- Founding
- 05/1999
- Data as of
- 08/2022
- EIN
- 04-3452763
Organization Overview
Tenacity Inc is located in Boston, MA. The organization was established in 1999. 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 08/2022, Tenacity Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenacity Inc 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 08/2022, Tenacity Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.3m during the year ending 08/2022. 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
YOUTH DEVELOPMENT AND LIFE-SKILL DEVELOPMENT ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENACITY'S MISSION IS TO IMPROVE THE SCHOLASTIC CHARACTER AND PHYSICAL DEVELOPMENT OF URBAN YOUTH COMBINING TENNIS INSTRUCTION/COMPETITION AND ACADEMIC SUPPORT WITH A FOCUS ON LIFE SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Eames President/board Member | Officer | 40 | $229,984 |
Paul Collins Chairman | Trustee | 0.8 | $0 |
Stephen Kay Board Member | Trustee | 0.8 | $0 |
Aldel Brown Board Member | Trustee | 0.8 | $0 |
Stanley Mescon Board Member | Trustee | 0.8 | $0 |
Sarah Hoit Board Member | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tony's Transport Transportation | 8/30/18 | $135,525 |
Philip Milburn Development | 8/30/18 | $100,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $643,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,500,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,144,701 |
| Total Program Service Revenue | $0 |
| Investment income | $13,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,163,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,321,929 |
| 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. | $229,984 |
| Compensation of current officers, directors, key employees. | $45,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,949 |
| Payroll taxes | $134,211 |
| Fees for services: Management | $394,297 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,525 |
| Office expenses | $5,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,428 |
| Travel | $996 |
| 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 | $140 |
| Insurance | $35,143 |
| All other expenses | $10,184 |
| Total functional expenses | $3,255,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,197,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $1,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $103,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $318,004 |
| Total assets | $5,621,842 |
| Accounts payable and accrued expenses | $113,719 |
| 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 | $0 |
| Total liabilities | $113,719 |
| Net assets without donor restrictions | $3,376,476 |
| Net assets with donor restrictions | $2,131,647 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $5,621,842 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Tenacity Inc has recieved totaling $1,702,647.
| Awarding Organization | Amount |
|---|---|
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $450,000 |
New Balance Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $225,000 |
New Balance Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $225,000 |
Usta Foundation Incorporated White Plains, NY | | $105,000 |
Beatrice P Delaney Char Fdn Chicago, IL PURPOSE: GENERAL | $100,000 |
Robert And Ardis James Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Tennis Hall Of Fame Incorporated Newport, RI | $82,551,116 | $14,024,189 |
United States Squash Racquets Association Inc New York, NY | $39,381,714 | $9,670,106 |
Usta Eastern Inc White Plains, NY | $5,765,024 | $4,131,199 |
Millbrook Golf And Tennis Club Inc Millbrook, NY | $5,327,958 | $3,562,808 |
Tenacity Inc Boston, MA | $5,621,842 | $5,321,929 |
Tennis Club Of Rochester Inc Pittsford, NY | $3,132,804 | $2,778,170 |
The Sportmens Tennis & Enrichment Center Inc Dorchester, MA | $6,337,014 | $5,005,388 |
City Squash Inc Bronx, NY | $6,666,385 | $3,002,008 |
Port Washington Tennis Academy Inc Port Washington, NY | $5,263,201 | $1,557,377 |
Tennis And Racquet Club Boston, MA | $1,909,646 | $1,126,682 |
Poughkeepsie Tennis Club Poughkeepsie, NY | $543,906 | $1,179,973 |
Fox Meadow Tennis Club West Harrison, NY | $1,758,347 | $1,193,963 |