Westfield Tennis Club
- Assets
- $578.7k
- Revenue
- $440.9k
- Investments
- $0.0
- Employees
- 26
- Location
- Westfield, NJ
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 22-1378660
Organization Overview
Westfield Tennis Club is located in Westfield, NJ. The organization was established in 1981. 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 12/2022, Westfield Tennis Club employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield 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, Westfield Tennis Club generated $440.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $429.3k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 4 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
MAINTAIN AND OPERATE 15 TENNIS COURTS, 1 PLATFORM TENNIS COURT, 1 CLUBHOUSE AND PARKING LOT FOR MEMBERS, AND PROVIDE RECREATIONAL AND COMPETITIVE EVENTS FOR ALL MEMBERS, AND AN INSTRUCTIONAL PROGRAM FOR JUNIOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RECREATIONAL PLAY FOR ~600 ACTIVE ADULT MEMBERS AND ~250 JUNIOR MEMBERS ON THE OUTDOOR TENNIS COURTS ROUGHLY APRIL 15, 2022 THROUGH EARLY NOVEMBER 2022 THROUGH MAINTENANCE OF COURTS, CLUBHOUSE AND GROUNDS.
CONDUCTED BASIC AND ELITE INSTRUCTIONAL PROGRAM FOR ~175 JUNIOR MEMBERS.
ORGANIZED 17 TOURNAMENTS FOR MEMBERS AND MAINTAINED 7 CLUB TEAMS PARTICIPATING IN INTER-LEAGUE PLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ferguson Treasurer/governor | OfficerTrustee | 12 | $12,000 |
Fred Polak President/governor | OfficerTrustee | 2 | $0 |
Lynne Tenten Secretary/governor | OfficerTrustee | 2 | $0 |
Suzy Verchick Vp/governor | OfficerTrustee | 0.5 | $0 |
Mike King Governor | Trustee | 0.5 | $0 |
Mike Kahn Governor | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $433,037 |
| Investment income | $18,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,863 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,292 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,592 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,764 |
| 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 | $0 |
| Insurance | $25,169 |
| All other expenses | $0 |
| Total functional expenses | $429,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,329 |
| Savings and temporary cash investments | $50,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $518,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,746 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $501,274 |
| Retained earnings, endowment, accumulated income, or other funds | $77,472 |
| Total liabilities and net assets/fund balances | $578,746 |