Xs Tennis And Education Foundation
- Assets
- $22.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Chicago, IL
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-1734791
Organization Overview
Xs Tennis And Education Foundation is located in Chicago, IL. The organization was established in 2009. 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 12/2021, Xs Tennis And Education Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xs Tennis And Education Foundation 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 12/2021, Xs Tennis And Education Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE XS TENNIS AND EDUCATION FOUNDATION (XSTEF) MISSION IS TO PROVIDE CHICAGO'S UNDERSERVED YOUTH WITH AN ENRICHING SAFE-HAVEN AND POSITIVE PATHWAY TO COLLEGE THROUGH A COMMUNITY-BASED TENNIS AND ACADEMIC ENRICHMENT PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE XS TENNIS AND EDUCATION FOUNDATION (XSTEF) MISSION IS TO PROVIDE CHICAGO'S UNDERSERVED YOUTH WITH AN ENRICHING SAFE-HAVEN AND POSITIVE PATHWAY TO COLLEGE THROUGH A COMMUNITY-BASED TENNIS AND ACADEMIC ENRICHMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamau Murray Executive Director | OfficerTrustee | 40 | $90,000 |
Lolita Preston President | OfficerTrustee | 2 | $0 |
Nicole Kenner Secretary | OfficerTrustee | 2 | $0 |
Jassand Parker Treasurer | OfficerTrustee | 2 | $0 |
Dennis Gates Director | Trustee | 2 | $0 |
Stephanie Mcclean Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,298 |
| Total Program Service Revenue | $3,762,238 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,500 |
| 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 | $6,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,505,523 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,955 |
| Payroll taxes | $46,771 |
| Fees for services: Management | $246,367 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,925 |
| Office expenses | $384,627 |
| Information technology | $112,663 |
| Royalties | $0 |
| Occupancy | $123,957 |
| Travel | $43,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,275,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,513 |
| Insurance | $21,670 |
| All other expenses | $0 |
| Total functional expenses | $5,249,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,212 |
| Savings and temporary cash investments | $108,109 |
| Pledges and grants receivable | $124,505 |
| 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 | $113,969 |
| Net Land, buildings, and equipment | $21,483,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,017,905 |
| Accounts payable and accrued expenses | $661,117 |
| 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 | $19,422,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,083,471 |
| Net assets without donor restrictions | $1,934,434 |
| 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 | $22,017,905 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Xs Tennis And Education Foundation has recieved totaling $287,793.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: PROGRAM SUPPORT | | $111,463 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $81,600 |
Dona & Sam Scott Foundation Longboat Key, FL PURPOSE: GENERAL | $50,000 |
Usta Foundation Incorporated White Plains, NY | | $42,600 |
Maureen And Paul Rubeli Foundationinc Scottsdale, AZ PURPOSE: MINORITY TENNIS PROGRAMS | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xs Tennis And Education Foundation Chicago, IL | $22,017,905 | $4,505,523 |
Metro Squash Nfp Chicago, IL | $13,154,185 | $4,902,892 |
River Forest Tennis Club River Forest, IL | $2,416,575 | $1,463,446 |
Boone County Tennis Center Zionsville, IN | $3,917,411 | $1,573,945 |
Tennaqua Deerfield, IL | $1,804,335 | $1,223,012 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
Jasper Tennis Patrons Organization Inc Jasper, IN | $88,945 | $383,311 |
Tennis Industry Association Chicago, IL | $170,386 | $691,025 |
Evansville Area Tennis Patrons Foundation Inc Evansville, IN | $2,596,452 | $756,598 |
Usta Midwest Tennis & Education Foundation Inc Indianapolis, IN | $4,160,822 | $390,633 |
United States Tennis Association Inc Chicago, IL | $443,514 | $543,380 |