Bush Tennis Center
- Assets
- $9.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Midland, TX
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1105431
Organization Overview
Bush Tennis Center is located in Midland, TX. The organization was established in 2008. 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, Bush Tennis Center employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bush Tennis Center 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 12/2022, Bush Tennis Center generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 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
THE MISSION OF THE CENTER IS TO GIVE EVERYONE THE OPPORTUNITY TO EXPERIENCE THE GAME OF TENNIS REGARDLESS OF PHYSICAL, FINANCIAL OR GEOGRAPHICAL BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPS, PROGRAMS, LESSONS, CLINICS, AND TOURNMENTS ARE OFFERED FOR PARTICIPANTS FROM 3 YEARS OLD THROUGH ADULT TENNIS PLAYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Stallard Director Of Tennis And Athletics | Officer | 40 | $239,511 |
Tim Stallard Executive Director | Officer | 40 | $212,479 |
Quillan Harris President | OfficerTrustee | 2 | $0 |
Dr Steve Beach Vice President | OfficerTrustee | 2 | $0 |
Courtney Heard Secretary | OfficerTrustee | 2 | $0 |
Kim Helm Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campbell Construction Company Facilities Construction | 12/30/20 | $316,928 |
Game Time Tennis Court Construction And Surfacing | 12/30/20 | $473,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,918 |
| Fundraising events | $533,802 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,155,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,736 |
| Total Program Service Revenue | $584,734 |
| Investment income | $1,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$378,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,863 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,902 |
| 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. | $451,990 |
| Compensation of current officers, directors, key employees. | $67,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,034 |
| Pension plan accruals and contributions | $38,419 |
| Other employee benefits | $102,793 |
| Payroll taxes | $63,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,422 |
| Advertising and promotion | $10,896 |
| Office expenses | $72,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,591 |
| Travel | $648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,804 |
| Interest | $3,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,226 |
| Insurance | $31,128 |
| All other expenses | $0 |
| Total functional expenses | $1,848,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,815 |
| Savings and temporary cash investments | $211,356 |
| Pledges and grants receivable | $142,500 |
| 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 | $4,180 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,166,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480 |
| Total assets | $9,549,248 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,900 |
| Net assets without donor restrictions | $9,399,348 |
| 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 | $9,549,248 |