Usta Eastern Inc
- Assets
- $7.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Purchase, NY
- Founding
- 02/1978
- Data as of
- 12/2023
- EIN
- 13-5042070
Organization Overview
Usta Eastern Inc is located in Purchase, NY. The organization was established in 1978. 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 12/2023, Usta Eastern Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usta Eastern Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Usta Eastern Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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.
Since 2014, Usta Eastern Inc has awarded 176 individual grants totaling $2,125,553. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE GROWTH OF TENNIS IN THE GEOGRAPHICAL AREA COVERING THE STATE OF NEW YORK, NORTHEAST NEW JERSEY, AND GREENWICH CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USTA ADULT AND YOUTH COMPETITIVE TENNIS PROGRAMS OFFER QUALITY RECREATIONAL AND COMPETITIVE TENNIS PROGRAMS FOR INDIVIDUALS OF ALL AGES AND ABILITIES. THESE PROGRAMS PROVIDE TENNIS AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS AND FOSTER HIGH STANDARDS OF AMATEURISM AND GOOD SPORTSMANSHIP. ADULT TENNIS PROGRAMS INCLUDE USTA LEAGUES, RECREATIONAL AND SOCIAL TENNIS, TENNIS ON CAMPUS, AND USTA SANCTIONED ADULT TOURNAMENTS. YOUTH PROGRAMS INCLUDE 10 AND UNDER PROGRAMS, EARLY DEVELOPMENT CAMPS, JUNIOR TEAM TENNIS LEAGUES AND EVENTS, AND USTA SANCTIONED JUNIOR TOURNAMENTS.
COMMUNITY TENNIS DEVELOPMENT SUPPORTS THE GROWTH OF TENNIS PARTICIPATION IN LOCAL COMMUNITIES LOCATED WITHIN THE EASTERN SECTION. SUPPORT INCLUDES CONDUCTING TENNIS TRAININGS FOR CLINICIANS, COACHES AND TEACHERS WHICH ENABLES THEM TO CONDUCT AND ADMINISTER TENNIS PROGRAMS AND EVENTS; AWARDING GRANTS THAT SUPPORT TENNIS PROGRAMS AND TENNIS EVENTS TO TENNIS MEMBER ORGANIZATIONS, SCHOOLS, PARK & RECREATION PROGRAMS, COMMUNITY TENNIS ASSOCIATIONS, UNIVERSITIES AND OTHER ORGANIZATIONS; AND HOSTING COMMUNITY TENNIS EVENTS WITHIN THE EASTERN SECTION.
MARKETING AND PUBLIC RELATIONS ACTIVITIES WHICH FACILITATE THE ORGANIZATIONS MISSION "TO PROMOTE AND DEVELOP THE GROWTH OF TENNIS IN THE GEOGRAPHICAL AREA COVERING THE STATE OF NEW YORK, NORTHEAST NEW JERSEY, AND GREENWICH CONNECTICUT." ACTIVITIES INCLUDE PROMOTING TENNIS PROGRAMS AND OTHER TENNIS EVENTS THAT ARE HELD WITHIN THE EASTERN SECTION THROUGH PRINT, DIGITAL AND SOCIA MEDIA; BRANDING OF PROGRAMS, PROMOTIONAL ITEMS AND UNIFORMS AND CLOTHING; AND CONDUCTING SURVEYS TO KEY STAKEHOLDERS, INCLUDING PROGRAM PARTICIPANTS AND TENNIS ORGANIZATIONS SO WE CAN HELP PROMOTE AND DEVELOP THE GROWTH OF TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Schnitzer Executive Director & CEO | Officer | 40 | $245,000 |
Julie Beal Man. Dir., Strategy & Compet. | 40 | $117,493 | |
Peter Delvicario Finance Manager | Officer | 40 | $135,801 |
Jocelyn Cruz-Alfalla Dir, Schools & Commun. Tennis | 40 | $104,865 | |
David Williams Dir, Diversity, Equity & Incl | 40 | $101,025 | |
Ari Roberts Vice President | OfficerTrustee | 5 | $4,000 |
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 | $4,153,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,153,204 |
| Total Program Service Revenue | $1,272,031 |
| Investment income | $203,991 |
| 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 | $5,636,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,195 |
| Grants and other assistance to domestic individuals. | $28,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,284 |
| Compensation of current officers, directors, key employees. | $284,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,007,544 |
| Pension plan accruals and contributions | $56,743 |
| Other employee benefits | $334,108 |
| Payroll taxes | $201,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,076 |
| Fees for services: Accounting | $32,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,435 |
| Advertising and promotion | $45,072 |
| Office expenses | $181,832 |
| Information technology | $32,647 |
| Royalties | $0 |
| Occupancy | $72,758 |
| Travel | $296,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195,196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,862 |
| Insurance | $0 |
| All other expenses | $40,086 |
| Total functional expenses | $4,705,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,512 |
| Savings and temporary cash investments | $3,406,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,313 |
| 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 | $77,682 |
| Net Land, buildings, and equipment | $33,826 |
| Investments—publicly traded securities | $3,167,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $711,725 |
| Total assets | $7,794,875 |
| Accounts payable and accrued expenses | $49,723 |
| Grants payable | $0 |
| Deferred revenue | $233,962 |
| 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 | $744,955 |
| Total liabilities | $1,028,640 |
| Net assets without donor restrictions | $6,563,082 |
| Net assets with donor restrictions | $203,153 |
| 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 | $7,794,875 |
Grants Awarded
Over the last fiscal year, Usta Eastern Inc has awarded $25,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL REGION YOUTH TENNIS FOUNDATION INC PURPOSE: SEE PART IV | $6,000 |
JUNIOR TENNIS FOUNDATION INC PURPOSE: SEE PART IV | $19,500 |