Lets Teach Inc
- Assets
- $58.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1713645
Organization Overview
Lets Teach Inc is located in South Pasadena, CA. The organization was established in 2010. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lets Teach 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 12/2021, Lets Teach Inc generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $25.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TENNIS OUTREACH PROGRAM TO DISADVANTAGED YOUTH. GROUP CLINICS WERE OFFERED AT TEN DIFFERENT LOCATIONS IN SOUTHERN CALIFORNIA, APPROX 1,000 YOUTHS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Harris Director | 1 | $0 | |
Brian Teacher Secretary | 1 | $0 | |
John Letts President | 1 | $0 | |
Jim Letts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,209 |
| Total Program Service Revenue | $1,809 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,018 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,900 |
| Occupancy, rent, utilities, and maintenance | $5,172 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,306 |
| Total expenses | $25,378 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,906 |
| Other assets | $0 |
| Total assets | $58,006 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,006 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lets Teach Inc has recieved totaling $10,013.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta-Pacific Northwest Section Beaverton, OR | $10,364,483 | $7,064,482 |
Beverly Hills Tennis Club Inc Beverly Hills, CA | $2,309,166 | $2,797,755 |
Usta-Hawaii Pacific Section Honolulu, HI | $0 | $1,613,919 |
Berkeley Tennis Club Berkeley, CA | $3,688,047 | $2,587,848 |
Belvedere Tennis Club Tiburon, CA | $4,399,407 | $2,534,693 |
East Palo Alto Tennis And Tutoring Palo Alto, CA | $1,922,035 | $1,623,690 |
Marty Hennessy Inspiring Children Foundation Boulder City, NV | $2,001,454 | $2,553,075 |
Rancho Bernardo Swim & Tennis Club San Diego, CA | $4,244,361 | $1,515,338 |
Palos Verdes Tennis Foundation Palos Verdes Estates, CA | $870,836 | $1,783,286 |
Marin Tennis Club San Rafael, CA | $3,004,234 | $1,464,389 |
Mill Valley Tennis Club Mill Valley, CA | $2,138,090 | $1,408,475 |
Saddlebrooke Pickleball Association Tucson, AZ | $216,834 | $469,910 |