Urban Racquet Sports Foundation
- Assets
- $365.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-4936131
Organization Overview
Urban Racquet Sports Foundation is located in Saginaw, MI. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Racquet Sports Foundation 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, Urban Racquet Sports Foundation generated $182.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $6.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REACH AND MENTOR UNDERSERVED URBAN YOUTH THROUGH YEAR-AROUND TENNIS INSTRUCTION AND CHARACTER DEVELOPMENT TRAINING PROMOTE READING AND NUTRITION PROGRAMMING; TEACH THEM A HEALTHY LIFE-LONG SPORT WITH OPPORTUNITIES FOR ADVANCED COMPETITION. WE USE TENNIS AS A MEANS THROUGH CARING VOLUNTEERS AND PROFESSIONAL PROGRAMS TO PROVIDE CHARACTER-BUILDING GUIDANCE WITH LOVE & ENCOURAGEMENT FOR A BRIGHTER FUTURE.
Describe the Organization's Program Activity:
Part 3
DEVELOP MAINTAIN AND OPERATE MUNICIPAL FACILITIES. IN THE SUMMERS CONDUCT OUR MISSION AT THE ONLY MUNICIPAL CITY RACQUET COURTS UNDER A LEASE AGREEMENT REACHING 100'S OF KIDS OVER THE PAST 15 YEARS. DURING WINTER MONTHS CONDUCT SIMILAR OPERATIONS IN PUBLIC SCHOOL GYMNASIUMS.
INSTRUCTION EDUCATION & MENTORING. TENNIS INSTRUCTION IS OUR TOOL TO REACH INNER CITY YOUTH THROUGH PROFESSIONAL PROGRAMS WITH EMPHASIS ON CHARACTER QUALITIES SELF-CONFIDENCE READING AND NUTRITION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pharrington Douglass Uspta President | 8 | $0 | |
Ken Lecureux CPA Sec Trea | 8 | $0 | |
Laurie Howell Program Coordinator | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,153 |
| Total Program Service Revenue | $2,815 |
| Membership dues | $0 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50 |
| Occupancy, rent, utilities, and maintenance | $3,399 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $3,250 |
| Total expenses | $6,893 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $358,166 |
| Other assets | $0 |
| Total assets | $365,711 |
| Total liabilities | $0 |
| Net assets or fund balances | $365,711 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Urban Racquet Sports Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |
Dynamic Youth Ministries Grand Rapids, MI | $2,861,212 | $3,344,505 |
Gamers Outreach Foundation Saline, MI | $2,997,235 | $3,758,110 |