Arkansas Tennis Association Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Little Rock, AR
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 23-7372183
Organization Overview
Arkansas Tennis Association Inc is located in Little Rock, AR. The organization was established in 1978. 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, Arkansas Tennis Association Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Tennis Association 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 12/2022, Arkansas Tennis Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $843.9k during the year ending 12/2022. 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
TO PROMOTE AND DEVELOP THE GROWTH OF TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENTS AND LEAGUE PROGRAMS: SPONSORSHIP AND OFFICIATING OF TOURNAMENTS AND OTHER TENNIS SPORTS EVENTS IN 2022.
MEETINGS & CONFERENCES: EXPENSES TO ATTEND SOUTHERN TENNIS ASSOCIATION ANNUAL MEETINGS, UNITED STATES TENNIS ASSOCIATION ANNUAL MEETING AND AR TENNIS ASSOCIATION MEETINGS IN 2022.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Garretson Executive Director | Trustee | 40 | $81,228 |
Gary Jones President | OfficerTrustee | 0 | $0 |
Kami Tucker Vice President | OfficerTrustee | 0 | $0 |
Mike Terrell Secretary | OfficerTrustee | 0 | $0 |
Doug Walt Treasurer | Trustee | 0 | $0 |
Larry Isch Director At Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,830 |
| Total Program Service Revenue | $693,991 |
| Investment income | $1,051 |
| 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 | $8,288 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,094,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,086 |
| 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. | $93,234 |
| Compensation of current officers, directors, key employees. | $65,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,283 |
| Payroll taxes | $29,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,704 |
| Information technology | $5,686 |
| Royalties | $0 |
| Occupancy | $39,871 |
| Travel | $4,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,582 |
| Insurance | $4,502 |
| All other expenses | $640 |
| Total functional expenses | $843,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,901 |
| Savings and temporary cash investments | $487,779 |
| 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 | $300 |
| Net Land, buildings, and equipment | $26,106 |
| Investments—publicly traded securities | $449,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,608,061 |
| Accounts payable and accrued expenses | -$2,472 |
| 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 | -$2,472 |
| Net assets without donor restrictions | $1,610,533 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,608,061 |