Capital Region Youth Tennis Foundation Inc
- Assets
- $2.5m
- Revenue
- $868.5k
- Investments
- $0.0
- Employees
- 24
- Location
- Albany, NY
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 14-1733312
Organization Overview
Capital Region Youth Tennis Foundation Inc is located in Albany, NY. The organization was established in 1991. 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 12/2021, Capital Region Youth Tennis Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Region Youth Tennis Foundation 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 12/2021, Capital Region Youth Tennis Foundation Inc generated $868.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $461.4k during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEVOTED TO THE IMPROVEMENT AND ENRICHMENT OF THE LIVES OF INNER CITY YOUTHS THROUGH THE USE OF TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH FREE ORGANIZED TENNIS INSTRUCTION AND OFF COURT COUNSELING, 15 LOVE WORKS WITH CHILDREN IN A LOVING, CARING WAY ON A VARIETY OF IMPORTANT ISSUES. THE PROGRAM PROMOTES EDUCATION, EMPHASIZES GOOD HEALTH (BOTH PHYSICAL AND EMOTIONAL), INSTILLS POSITIVE VALUES, SUPPORTS FAMILY PRESERVATION, FOSTERS MULTI-CULTURAL RELATIONSHIPS, ADVOCATES GOOD SPORTSMANSHIP, AND ENCOURAGES COMMUNITY SERVICE. THE PROGRAM OPERATES ON A YEAR-ROUND BASIS, SERVING YOUTH THROUGHOUT THE CAPITAL REGION AT INDOOR LOCATIONS DURING THE FALL AND WINTER MONTHS AND OUTDOOR LOCATIONS DURING THE SUMMER MONTHS. TYPICALLY, OVER 5,000 KIDS PARTICIPATE IN THE PROGRAM ANNUALLY.15 LOVE IS MODELED AFTER SIMILAR TENNIS PROGRAMS FOUNDED BY THE LATE ARTHUR ASHE "TO TEACH THE GAME OF LIFE." THE TENNIS GREAT, WHO GOT HIS START ON THE PUBLIC COURTS SAID: "WE'RE INVOLVED IN IMPROVING THE ODDS FOR YOUTH BECAUSE WE JUST DON'T HAVE A CHOICE. THE PRICE OF NOT ACTING IS TOO HIGH."
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Jones Vice President | OfficerTrustee | 1 | $0 |
James Fowler Treasurer | OfficerTrustee | 1 | $0 |
Margaret Malicki President | OfficerTrustee | 3 | $0 |
Jessica Dailey Secretary | OfficerTrustee | 1 | $0 |
Raymond Walker Director | OfficerTrustee | 1 | $0 |
Amber Marino Executive Direc | Officer | 50 | $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 | $491,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,548 |
| Total Program Service Revenue | $0 |
| Investment income | $247,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $129,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,487 |
| 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. | $78,795 |
| Compensation of current officers, directors, key employees. | $14,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $11,094 |
| Fees for services: Other | $9,874 |
| Advertising and promotion | $0 |
| Office expenses | $2,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $15,194 |
| Insurance | $16,540 |
| All other expenses | $27,798 |
| Total functional expenses | $461,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,909 |
| 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 | $12,863 |
| Net Land, buildings, and equipment | $332,315 |
| Investments—publicly traded securities | $1,833,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,560 |
| Total assets | $2,501,839 |
| Accounts payable and accrued expenses | $15,592 |
| 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 | $15,592 |
| Net assets without donor restrictions | $2,472,827 |
| Net assets with donor restrictions | $13,420 |
| 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 | $2,501,839 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Capital Region Youth Tennis Foundation Inc has recieved totaling $142,899.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR THE CAPITAL PROJECT, ANNUAL FUND, SUMMER PROGRAMMING, CATALYST FOR CHANGE | $53,700 |
Usta Foundation Incorporated White Plains, NY | | $41,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $31,000 |
Review Foundation Inc Albany, NY PURPOSE: CHARITABLE PURPOSE | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,987 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $750 |
Endowment Analysis
| Beg. Balance | $1,445,757 |
| Earnings | $247,889 |
| Admin Expense | $11,094 |
| Net Contributions | $50,643 |
| Ending Balance | $1,733,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Legacy Youth Tennis And Education Philadelphia, PA | $10,141,229 | $3,452,164 |
Millbrook Golf And Tennis Club Inc Millbrook, NY | $5,327,958 | $3,562,808 |
Tenacity Inc Boston, MA | $5,621,842 | $5,321,929 |
United States Tennis Association- Middle States Section Valley Forge, PA | $4,600,788 | $3,210,777 |
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 |
Princeton Tennis Program Princeton, NJ | $2,911,658 | $1,612,269 |
Tennis And Racquet Club Boston, MA | $1,909,646 | $1,126,682 |