National Tennis Foundation Inc
- Assets
- $407.1k
- Revenue
- $228.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Marietta, GA
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-4258289
Organization Overview
National Tennis Foundation Inc is located in Marietta, GA. The organization was established in 2009. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, National Tennis Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Tennis Foundation Inc 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, National Tennis Foundation Inc generated $228.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $301.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Tennis Foundation Inc has awarded 23 individual grants totaling $1,245,928. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL TENNIS FOUNDATION'S MISSION IS TO IDENTIFY GIFTED CHILDREN WITH UNCOMMON ATHLETIC ABILITY, REGARDLESS OF RACE OR ECONCOMIC MEANS, THAT HAVE A DOCUMENTED FINANCIAL NEED AND PUT THEM ON A PATH TO BECOME TRUE STUDENT ATHELTES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH PERFORMANCE TENNIS GRANTS: THE NATIONAL TENNIS FOUNDATIN (NTF) MAKES GRANTS TO UNDERSERVED HIGH PERFORMANCE JOUNIOR TENNIS PLAYERS WHO SEEK TO PLAY TENNIS AT THE COLLEGIATE OR PRO LEVEL. GRANTS ARE MADE FOR TENNIS TRAINING, TOURNAMENT TRAVEL, COACHING AND HOUSING. HIGH PERFORMANCE PLAYERS MUST MAINTAIN A TOP RANKING IN COUNTRY, ACHIEVE A 3.3 OR HIGHER GPA IN SCHOOL AND PROVIDE COMMUNITY SERVICE HOURS IN ORDER TO MAINTAIN THEIR FINANCIAL SUPPORT.
LIFE SKILLS PROGRAM GRANTS: THE NTF WORKS WITH AND MAKES GRANTS TO APPROVED CHAPTER ORGANIZATIONS, AFFILIATED ATP / WTA PLAYER CHARITIES, AND WORTHY TENNIS CENTERED FOUNDATIONS THAT SUPPORT THE NTF ONGOING MISSION OF PROVIDING LIFE SKILLS PROGRAMMING AND MENTORING TO UNDER-SERVED AND "AT RISK" YOUS AGES 8 - 18. NTF SEEKS TO PUT CHILDERN ON A PATH TO BECOME LEADERS, STUDENTS AND ATHLETES WITHIN THEIR COMMUNITY WITH THE END GOAL OF EARNING ACCEPTANCE INTO COLLEGE AND PLAYING TENNIS AT THE COLLEGIATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gareleck Chairman | Trustee | 5 | $0 |
Jay Bailey Vice Chairman | Trustee | 1 | $0 |
Robert Celona Secretary | Trustee | 1 | $0 |
Trevor Short Director | Officer | 10 | $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 | $228,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,202 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $228,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,000 |
| 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. | $36,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,851 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Office expenses | $2,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $301,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,802 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,309 |
| Total assets | $407,111 |
| Accounts payable and accrued expenses | $11,141 |
| 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 | $11,141 |
| Net assets without donor restrictions | $0 |
| 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 | $395,970 |
| Total liabilities and net assets/fund balances | $407,111 |
Grants Awarded
Over the last fiscal year, National Tennis Foundation Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARTY HENNESSEY INSPIRING CHILDREN FOUNDATION PURPOSE: 208750 | $0 |
SOUTH ATLANTA COMMUNITY TENNIS ASSOCIATION PURPOSE: 12250 | $0 |