Toledo Tennis Club Inc
- Assets
- $273.7k
- Revenue
- $122.8k
- Investments
- $13.8k
- Employees
- 9
- Location
- Toledo, OH
- Founding
- 09/1944
- Data as of
- 12/2020
- EIN
- 34-4376337
Organization Overview
Toledo Tennis Club Inc is located in Toledo, OH. The organization was established in 1944. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Toledo Tennis Club Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Tennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Toledo Tennis Club Inc generated $122.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $164.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES TENNIS FACILITIES TO CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE USED TO MAINTAIN AND PROVIDE A TENNIS FACILITY TO CLUB MEMBERS.
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 |
|---|---|---|---|
Steve Nixon President | OfficerTrustee | 5 | $0 |
Sarah Ward Secretary | OfficerTrustee | 5 | $0 |
Tim Hoover Vice President | OfficerTrustee | 5 | $0 |
George Hilfinger Trustee | Trustee | 5 | $0 |
Ed Simon Trustee | Trustee | 5 | $0 |
Kevin Oconnell Trustee | Trustee | 5 | $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 | $36,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,058 |
| Total Program Service Revenue | $78,558 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,820 |
| 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 | -$1,821 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,757 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,354 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,474 |
| Insurance | $5,108 |
| All other expenses | $1,296 |
| Total functional expenses | $164,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,542 |
| 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 | $12,145 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $246,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,711 |
| Accounts payable and accrued expenses | $0 |
| 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 | $224,708 |
| Other liabilities | $637 |
| Total liabilities | $225,345 |
| Net assets without donor restrictions | $26,725 |
| Net assets with donor restrictions | $21,641 |
| 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 | $273,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legacy Youth Tennis And Education Philadelphia, PA | $10,141,229 | $3,452,164 |
United States Tennis Association- Middle States Section Valley Forge, PA | $4,600,788 | $3,210,777 |
Boone County Tennis Center Zionsville, IN | $3,917,411 | $1,573,945 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Detroit Tennis And Squash Club Farmington Hills, MI | $1,577,817 | $811,233 |
Jasper Tennis Patrons Organization Inc Jasper, IN | $88,945 | $383,311 |
Evansville Area Tennis Patrons Foundation Inc Evansville, IN | $2,596,452 | $756,598 |
Usta Midwest Tennis & Education Foundation Inc Indianapolis, IN | $4,160,822 | $390,633 |
United States Tennis Association Inc Carmel, IN | $631,915 | $566,459 |
United States Tennis Association Inc Livonia, MI | $296,359 | $513,053 |
United States Tennis Association Inc Dover, OH | $652,981 | $456,790 |
Hamilton County Community Tennis Association Inc Carmel, IN | $84,556 | $331,333 |