Princeton Tennis Program

Organization Overview

Princeton Tennis Program is located in Princeton, NJ. The organization was established in 1968. 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 03/2024, Princeton Tennis Program employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Tennis Program 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 03/2024, Princeton Tennis Program generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE TOP QUALITY AND AFFORDABLE TENNIS FOR ALL AGES AND LEVELS BY BRINGING THE GREAT GAME OF TENNIS TO ALL WHILE PURSUING A STANDARD OF EXCELLENCE IN TEACHING THAT ENCOURAGES THE DEVELOPMENT OF HEALTH, CHARACTER, GOOD SPORTSMANSHIP AND RESPONSIBLE CITIZENSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PTP PROVIDES TOP QUALITY AND AFFORDABLE TENNIS FOR ALL AGES AND LEVELS. PTPS MISSION IS TO BRING THE GREAT GAME OF TENNIS TO ALL WHILE PURSUING A STANDARD OF EXCELLENCE IN TEACHING THAT ENCOURAGES THE DEVELOPMENT OF HEALTH, CHARACTER, GOOD SPORTSMANSHIP AND RESPONSIBLE CITIZENSHIP. THIS IS DONE IN MANY WAYS, INCLUDING BUT NOT LIMITED TO SCHOLARSHIPS AND FINANCIAL AID AWARDED TO CHILDREN THAT COULD OTHERWISE NOT AFFORD TO PLAY TENNIS, AND WE STRIVE TO EXPAND THESE OFFERINGS. IN ADDITION TO THE YOUTH OFFERINGS, PTP DISCOUNT SENIOR PROGRAMS HAVE SUBSIDIZED LESSONS AND PROGRAMS FOR AREA SENIORS. THESE SPECIALIZED PROGRAMS ARE DESIGNED TO PROMOTE HEALTH, FUN, MEETING NEW PEOPLE AND WELL-BEING. PTP STRIVES TO BRING TENNIS TO ALL.


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Board, Officers & Key Employees

Name (title)Compensation
Gina Pileggi
Executive Dir.
$128,933
Pamela Hughes
Trustee
$0
Barry Szaferman
Vice Chair
$0
Jack Roberts
Trustee
$0
Ernie Cerino
Secretary
$0
Marie Carusone
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,600
All other contributions, gifts, grants, and similar amounts not included above$9,295
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,895
Total Program Service Revenue$1,635,361
Investment income $19,253
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 $304
Miscellaneous Revenue$0
Total Revenue $1,669,813

Peer Organizations

Organization NameAssets
Legacy Youth Tennis And Education
Philadelphia, PA
$5,453,312
Usta Eastern Inc
Purchase, NY
$5,636,081
United States Squash Racquets Association Inc
Philadelphia, PA
$9,670,106
Millbrook Golf And Tennis Club Inc
Millbrook, NY
$3,444,060
United States Tennis Association- Middle States Section
Valley Forge, PA
$3,820,644
Tennis Club Of Rochester Inc
Pittsford, NY
$2,719,994
City Squash Inc
Bronx, NY
$8,943,966
Princeton Tennis Program
Princeton, NJ
$1,669,813
Jersey Wahoos Swim Club Inc
Mount Laurel, NJ
$1,589,898
Seabright Lawn Tennis & Cricket Club
Rumson, NJ
$1,533,038
Pretty Brook Tennis Club Inc
Princeton, NJ
$1,333,867
Harlem Junior Tennis And Education Program Inc
New York, NY
$1,664,402
Poughkeepsie Tennis Club
Poughkeepsie, NY
$1,109,493
Fox Meadow Tennis Club
West Harrison, NY
$1,063,293
Port Washington Tennis Academy Inc
New York, NY
$4,444,445
Upper Ridgewood Tennis Club
Ridgewood, NJ
$919,270
East Hampton Tennis Club Inc
East Hampton, NY
$1,014,387
Buffalo Tennis And Squash Club
Buffalo, NY
$810,754
National Junior Tennis & Learning Of Trenton Inc
Trenton, NJ
$757,823
Kings County Tennis League Inc
Brooklyn, NY
$709,892
Saddle River Valley Swim And Tennis Club Inc
Saddle River, NJ
$681,626
Birchwood Swim & Tennis Club Inc
Chappaqua, NY
$667,811
Rodney Street Tennis Association
Wilmington, DE
$447,053
Capital Region Youth Tennis Foundation Inc
Albany, NY
$764,547
Westfield Tennis Club
Westfield, NJ
$440,863

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