Womens Tennis Benefit Association Inc

Organization Overview

Womens Tennis Benefit Association Inc is located in North Reading, MA. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Womens Tennis Benefit Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Womens Tennis Benefit Association Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND PROTECT THE COMMON INTERESTS OF ALL WOMEN TENNIS PROFESSIONALS AND TO UNITE THEM IN A SINCERE REPRESENTATIVE ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADMINISTER AND MANAGE THE RETIREMENT PLAN INVESTMENTS, HEALTH BENEFITS, AND OTHER ASSETS OWNED BY OR ON BEHALF OF THE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Grattan
Executive Director
$115,000
Vanessa Webb
Treasurer
$104,375
Brandon Burke
Dir (chairman Since Aug 21)
$75,167
Michael Segal
Chairman (until Aug 2021)
$46,667
Iva Majoli Maric
Director (until Aug 2021)
$46,667
Kristie Ahn
Director (since Sept 2021)
$25,833

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$443,350
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$443,350
Total Program Service Revenue$2,468,092
Investment income $241,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $37,560
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,190,187

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