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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Grattan Executive Director | Officer | 40 | $115,000 |
Vanessa Webb Treasurer | OfficerTrustee | 10 | $104,375 |
Brandon Burke Dir (chairman Since Aug 21) | OfficerTrustee | 10 | $75,167 |
Michael Segal Chairman (until Aug 2021) | OfficerTrustee | 10 | $46,667 |
Iva Majoli Maric Director (until Aug 2021) | Trustee | 10 | $46,667 |
Kristie Ahn Director (since Sept 2021) | Trustee | 10 | $25,833 |
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 |
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 | $2,871,180 |
Compensation of current officers, directors, key employees. | $438,375 |
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 | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $34,004 |
Fees for services: Accounting | $65,044 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $21,963 |
Fees for services: Other | $50,139 |
Advertising and promotion | $0 |
Office expenses | $14,154 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $25,777 |
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 | $16,862 |
All other expenses | $140,866 |
Total functional expenses | $4,082,827 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,438,099 |
Savings and temporary cash investments | $236,403 |
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 | $15,089 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $142,658,727 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,000,146 |
Total assets | $145,348,464 |
Accounts payable and accrued expenses | $3,041,285 |
Grants payable | $0 |
Deferred revenue | $219,150 |
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 | $130,979,318 |
Total liabilities | $134,239,753 |
Net assets without donor restrictions | $10,544,413 |
Net assets with donor restrictions | $564,298 |
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 | $145,348,464 |
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