Buddy Up Tennis Inc
- Assets
- $465.8k
- Revenue
- $441.5k
- Investments
- $0.0
- Employees
- 4
- Location
- New Albany, OH
- Founding
- 04/2010
- Data as of
- 03/2022
- EIN
- 27-0789426
Organization Overview
Buddy Up Tennis Inc is located in New Albany, OH. The organization was established in 2010. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 03/2024, Buddy Up Tennis Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Up Tennis 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 03/2022, Buddy Up Tennis Inc generated $441.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $295.6k during the year ending 03/2022. While expenses have increased by 10.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUDDY UP FOR LIFE, INC. EXISTS TO PROVIDE INDIVIDUALS WITH DOWN SYNDROME THE OPPORTUNITY TO LEARN AND PLAY TENNIS AND TO ENGAGE IN FITNESS, SOCIAL, AND EDUCATIONAL ACTIVITIES IN A STRUCTURED PROGRAM WITH THE ASSISTANCE OF ROLE MODELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUDDY UP FOR LIFE, INC. PROGRAMMING CONSISTS OF REGULARLY SCHEDULED TENNIS AND FITNESS CLINICS AND SUMMER CAMPS FOCUSED ON TENNIS, FITNESS, SOCIAL, AND EDUCATIONAL ACTIVITIES FOR INDIVIDUALS WITH DOWN SYNDROME. IN ADDITION THE ORGANIZATION TEACHES TANGIBLE LIFE SKILLS NECESSARY FOR EMPLOYMENT, VOLUNTEER OPPORTUNITIES, AND A SENSE OF INDEPENDENCE IN ADULT LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Gibson President/executive Direct | OfficerTrustee | 45 | $37,500 |
Rick Gibson Cfo/treasurer & Secretary | OfficerTrustee | 5 | $0 |
Allison Davis Director | Trustee | 40 | $54,080 |
Stephanie Burbar Director | Trustee | 1 | $0 |
Melissa Hempel Director | Trustee | 1 | $0 |
Todd Hempel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,393 |
| 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 | -$50,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,507 |
| Statement of Expenses | |
|---|---|
| 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. | $75,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,241 |
| 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 | $4,000 |
| Advertising and promotion | $24,716 |
| Office expenses | $6,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $295,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,741 |
| 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 | $1,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,811 |
| Accounts payable and accrued expenses | $26,868 |
| 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 | $26,868 |
| Net assets without donor restrictions | $438,943 |
| 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 |
| Total liabilities and net assets/fund balances | $438,943 |