Winston Salem Professional Tennis Inc
- Assets
- $897.9k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 2
- Location
- WinstonSalem, NC
- Founding
- Data as of
- 12/2023
- EIN
- 20-8706241
Organization Overview
Winston Salem Professional Tennis Inc is located in WinstonSalem, NC. As of 12/2023, Winston Salem Professional Tennis Inc employed 2 individuals. Winston Salem Professional Tennis 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, Winston Salem Professional Tennis Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STAGING OF PROFESSIONAL TENNIS MATCHES IN THE CITY OF WINSTON-SALEM, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL ASSISTANCE AND FUNDING FOR PROFESSIONAL TENNIS TOURNAMENTS HELD IN WINSTON-SALEM, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/vp | OfficerTrustee | 1 | $0 |
Name Not Listed Director/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atp Governing Body | 12/30/23 | $647,744 |
Inproduction Stadium Services | 12/30/23 | $346,258 |
Sportsmedia Technology Media Services | 12/30/23 | $104,060 |
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 | $2,328,846 |
| Noncash contributions included in lines 1a–1f | $121,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,328,846 |
| Total Program Service Revenue | $1,147,779 |
| Investment income | $24,922 |
| 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 | $7,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,602,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,250 |
| 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. | $201,795 |
| Compensation of current officers, directors, key employees. | $201,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,244 |
| Fees for services: Management | $294,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,185 |
| Advertising and promotion | $52,020 |
| Office expenses | $19,093 |
| Information technology | $9,803 |
| Royalties | $0 |
| Occupancy | $371,053 |
| Travel | $127,559 |
| 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 | $0 |
| Insurance | $22,575 |
| All other expenses | $406,526 |
| Total functional expenses | $3,575,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,802 |
| 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 | $1,091 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $897,893 |
| Accounts payable and accrued expenses | $14,153 |
| 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 | $14,153 |
| Net assets without donor restrictions | $0 |
| 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 | $883,740 |
| Total liabilities and net assets/fund balances | $897,893 |
Grants Awarded
Over the last fiscal year, Winston Salem Professional Tennis Inc has awarded $50,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINSTON SALEM FORSYTH COUNTY SCHOOLS PURPOSE: GENERAL SUPPORT FOR ATHLETICS | $25,200 |
WAKE FOREST UNIVERSITY PURPOSE: GENERAL SUPPORT FOR THE HAROLD POLLARD CENTER | $25,000 |