Norwalk Stamford Grassroots Tennis & Education Inc
- Assets
- $1.5m
- Revenue
- $889.7k
- Investments
- $0.0
- Employees
- 37
- Location
- Norwalk, CT
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 06-1570097
Organization Overview
Norwalk Stamford Grassroots Tennis & Education Inc is located in Norwalk, CT. The organization was established in 2000. 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 12/2022, Norwalk Stamford Grassroots Tennis & Education Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Stamford Grassroots Tennis & Education 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 12/2022, Norwalk Stamford Grassroots Tennis & Education Inc generated $889.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $853.3k during the year ending 12/2022. While expenses have increased by 7.3% 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
OUR MISSION - TO BUILD STRENGTH OF CHARACTER AND A FOUNDATION FOR SUCCESS FOR YOUTH THROUGH TENNIS AND EDUCATION.OUR SERVICES - WHAT WE DO TO ACHIEVE OUR MISSION - WE CREATE AN ENVIRONMENT THAT ENCOURAGES AND EMPOWERS STUDENTS TO CREATE THEIR OWN PATHWAYS TO ACHIEVE THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS PROGRAM: SERVING OVER 200 YOUNG PEOPLE EACH YEAR, WITH 100% GRADUATING HIGH SCHOOL, WE CREATE AN ENVIRONMENT THAT ENCOURAGES AND EMPOWERS STUDENTS TO CREATE THEIR OWN PATHWAYS TO ACHIEVE THEIR GOALS. INTENTIONAL PATHWAY EMBRACES STUDENT-ATHLETES FROM BEGINNER TO HIGH PERFORMING; HIGH QUALITY TENNIS CLINICS WITH LOW COACH/STUDENT RATIO; EMPHASIS ON COMPETITION, OPPORTUNITIES FOR MATCH PLAY AND TOURNAMENT EXPERIENCE.
EDUCATION PROGRAM: SOCIAL, EMOTIONAL, & CHARACTER DEVELOPMENT - INTENTIONAL CURRICULUM BUILDS THE 5 COMPONENTS OF SEL: SELF-AWARENESS, SELF-MANAGEMENT, RESPONSIBLE DECISION MAKING, RELATIONSHIP SKILLS, SOCIAL AWARENESS; PROJECT-BASED ACTIVITIES AND TEAM-BUILDING OPPORTUNITIES TO PRACTICE DEVELOPMENT SKILLS.LEADERSHIP - EXPLORATION, CULTIVATION AND APPLICATION OF PERSONAL LEADERSHIP STYLES, HABITS AND BEHAVIORS; CIVIC ENGAGEMENT EXPERIENCE; JUNIOR COACH PATHWAY PROVIDES LEADERSHIP DEVELOPMENT, JOB READINESS, ALONG WITH PAYING JOB.COLLEGE & CAREER READINESS - SEQUENTIAL CURRICULUM GUIDES STUDENT-ATHLETES THROUGH EXPLORING, IDENTIFYING, ACHIEVING A PLAN FOR COLLEGE AND/OR CAREER GOALS; ENGAGEMENT AND EXPOSURE WITH BUSINESSES, COLLEGES AND OTHER PARTNERS FOR VIRTUAL TOURS, MOCK INTERVIEWS, RESUME/ESSAY WRITING, FINANCIAL LITERACY, OTHER SKILL-BUILDING AND NETWORKING-BUILDING EXPERIENCES; ACADEMIC TUTORING AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Cahill Chair | OfficerTrustee | 5 | $0 |
Johnathan Gibson Vice Chair | OfficerTrustee | 5 | $0 |
Tony Pesco Treasurer | OfficerTrustee | 5 | $0 |
Deborah Gordon Secretary | OfficerTrustee | 5 | $0 |
Chris Caldwell Director | Trustee | 5 | $0 |
Michael Crafter Director | Trustee | 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 | $708,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,107 |
| Total Program Service Revenue | $0 |
| Investment income | $12,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,591 |
| Net Income from Fundraising Events | $115,558 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,684 |
| 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. | $521,683 |
| Compensation of current officers, directors, key employees. | $36,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $53,834 |
| Fees for services: Management | $0 |
| 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 | $94,524 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $4,362 |
| 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 | $2,910 |
| Insurance | $2,997 |
| All other expenses | $47,693 |
| Total functional expenses | $853,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $870,721 |
| Savings and temporary cash investments | $0 |
| 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 | $16,766 |
| Net Land, buildings, and equipment | $15,377 |
| Investments—publicly traded securities | $205,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,209 |
| Total assets | $1,545,948 |
| Accounts payable and accrued expenses | $261,874 |
| 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 | $2,183 |
| Total liabilities | $264,057 |
| Net assets without donor restrictions | $1,142,682 |
| Net assets with donor restrictions | $139,209 |
| 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 | $1,545,948 |