Indianapolis Tennis And Education Foundation Inc
- Assets
- $1.5m
- Revenue
- $114.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Indianapolis, IN
- Founding
- 07/1975
- Data as of
- 02/2023
- EIN
- 23-7361641
Organization Overview
Indianapolis Tennis And Education Foundation Inc, operating under the name Indianapolis Community Tennis, is located in Indianapolis, IN. The organization was established in 1975. 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 02/2023, Indianapolis Community Tennis employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Community Tennis 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 02/2023, Indianapolis Community Tennis generated $114.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $199.1k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. 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
DESIGNED TO TEACH TENNIS AS A LIFETIME SPORT TO BE ENJOYED FOR RECREATIONAL PLEASURE AND TO OFFER THE OPPORTUNITIES TO THOSE WHO WISH TO EXCEL AS COMPETITIVE PLAYERS. TO USE THE SPORT OF TENNIS TO TEACH LIFE SKILLS TO YOUTH AND ADULTS, CREATE OPPORTUNITIES FOR PERSONAL IMPROVEMENT TO YOUTH AND ADULTS; TO ASSIST AND HELP UNDERPRIVILEGED YOUTH THROUGH ITS PROGRAMS, AND TO PROMOTE, IMPROVE AND BUILD TENNIS FACILITIES ON METROPOLITAN SCHOOL DISTRICT OF WASHINGTON TOWNSHIP PROPERTIES, AS WELL AS TEACH TENNIS PROGRAMS THAT ENHANCE AND ASSIST METROPLOITAN SCHOOL DISTRICT OF WASHINGTON TOWNSHIP'S MISSION TO EDUCATE THE YOUTH OF WASHINGTON TOWNSHIP IN INDIANAPOLIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING SUMMER PROGRAM: INCLUDES SUMMER DAY CAMPS THAT PROVIDE TENNIS TRAINING AND OTHER ACTIVITIES. THEY ALSO SPONSOR A FREE TENNIS PLAY DAY AND HOLD TENNIS COMPETITIONS.
TOURNAMENT TENNIS: INSTRUCTION OF CHILDREN OF VARYING LEVELS OF ABILITY IN COMPETITIVE TENNIS SKILLS AND SPORTSMANSHIP. PROVIDES INSTRUCTION TO APPROXIMATELY 1,200 PLAYERS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara S Wynne Chairman Of | OfficerTrustee | 40 | $43,615 |
Joe Primavera Term Date 1023 President | OfficerTrustee | 3 | $0 |
Jane Kroot Vice Preside | OfficerTrustee | 1 | $0 |
Kyle Burns Secretary | OfficerTrustee | 1 | $0 |
Brian Fennerty Term Date 1122 Treasurer | OfficerTrustee | 1 | $0 |
Allison Copeland Treasurer | OfficerTrustee | 1 | $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 | $33,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,951 |
| Total Program Service Revenue | $80,556 |
| Investment income | $132 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,080 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $4,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,033 |
| Advertising and promotion | $0 |
| Office expenses | $189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,567 |
| All other expenses | $728 |
| Total functional expenses | $199,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,225 |
| Savings and temporary cash investments | $1,231,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341 |
| 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 | $7,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,204 |
| Total assets | $1,477,724 |
| 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 | $278,556 |
| Net assets with donor restrictions | $1,199,168 |
| 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 | $1,477,724 |