West Side Tennis Club
- Assets
- $7.6m
- Revenue
- $9.1m
- Investments
- $7.7k
- Employees
- 134
- Location
- Forest Hills, NY
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 11-1467240
Organization Overview
West Side Tennis Club is located in Forest Hills, NY. The organization was established in 1997. 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 12/2022, West Side Tennis Club employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Side 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 12/2022, West Side Tennis Club generated $9.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $8.3m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 5 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
A PRIVATE MEMBERSHIP CLUB WITH TENNIS, POOL AND DINING USED FOR RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monika Jain President | OfficerTrustee | 3 | $0 |
Randy Perkins Vice President | OfficerTrustee | 3 | $0 |
Kaitlyn Gayvert Secretary | OfficerTrustee | 3 | $0 |
Mark Rafael Treasurer | OfficerTrustee | 3 | $0 |
Ed Flamos Captain | OfficerTrustee | 3 | $0 |
Illya Becktold Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avance Digital Solutions Digital Content | 12/30/22 | $134,651 |
Spot Light Security Security Services | 12/30/22 | $130,361 |
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 | $4,105,466 |
| Investment income | $356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,348,165 |
| 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 | $3,687,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,141,241 |
| 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. | $610,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,093,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $529,384 |
| Payroll taxes | $289,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $32,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,075 |
| Advertising and promotion | $0 |
| Office expenses | $501,103 |
| Information technology | $52,228 |
| Royalties | $0 |
| Occupancy | $513,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,926 |
| Insurance | $284,621 |
| All other expenses | $138,653 |
| Total functional expenses | $8,286,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,586 |
| Savings and temporary cash investments | $348,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,819,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,337 |
| Prepaid expenses and deferred charges | $42,793 |
| Net Land, buildings, and equipment | $4,556,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,576,356 |
| Accounts payable and accrued expenses | $694,472 |
| Grants payable | $0 |
| Deferred revenue | $1,489,640 |
| 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 | $3,481,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,665,713 |
| Net assets without donor restrictions | $1,910,643 |
| Net assets with donor restrictions | $0 |
| 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 | $7,576,356 |