Milwaukee Tennis & Education Foundation Inc
- Assets
- $374.1k
- Revenue
- $282.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Milwaukee, WI
- Founding
- 09/1979
- Data as of
- 12/2021
- EIN
- 39-1317061
Organization Overview
Milwaukee Tennis & Education Foundation Inc is located in Milwaukee, WI. The organization was established in 1979. 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 12/2021, Milwaukee Tennis & Education Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Tennis & Education Foundation 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, Milwaukee Tennis & Education Foundation Inc generated $282.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $238.1k 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 IMPROVE THE LIVES AND FUTURES OF MILWAUKEE'S YOUTH THROUGH TENNIS, EDUCATION AND MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES TENNIS IN THE STATE OF WISCONSIN, WHILE ALSO PROVIDING EDUCATIONAL TUTORING TO CHILDREN IN MILWAUKEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Cordero Prior Executive Director | Officer | 30 | $68,229 |
Rachael Badt Current Executive Director | Officer | 30 | $23,750 |
Chris Schifano Treasurer | Officer | 1 | $0 |
Kurt Janavitz Past President | Officer | 1 | $0 |
Sarah Cyganiak Secretary | Officer | 1 | $0 |
Michael Buckholdt President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,847 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,043 |
| Noncash contributions included in lines 1a–1f | $1,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,890 |
| Total Program Service Revenue | $10,629 |
| Investment income | $360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,472 |
| 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. | $80,820 |
| Compensation of current officers, directors, key employees. | $12,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,339 |
| Payroll taxes | $12,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,366 |
| Advertising and promotion | $0 |
| Office expenses | $4,893 |
| Information technology | $1,510 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106 |
| 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 | $3,021 |
| All other expenses | $20,006 |
| Total functional expenses | $238,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,167 |
| Savings and temporary cash investments | $51,901 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,068 |
| Accounts payable and accrued expenses | $20,921 |
| 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 | $20,921 |
| Net assets without donor restrictions | $327,268 |
| Net assets with donor restrictions | $25,879 |
| 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 | $374,068 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Milwaukee Tennis & Education Foundation Inc has recieved totaling $81,169.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $43,500 |
Windhover Foundation Inc Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Windhover Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Charles D Jacobus Family Foundation Inc Milwaukee, WI PURPOSE: SUPPORT FOR YOUTH DEVELOPMENT IN TENNIS | $7,500 |
Usta Midwest Tennis & Education Foundation Inc Indianapolis, IN PURPOSE: Program Grant | $5,500 |
Barbara And John Trimble Family Foundation Inc Milwaukee, WI PURPOSE: PROVIDES ACCESS TO TENNIS FOR CENTRAL-CITY CHILDREN. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xs Tennis And Education Foundation Chicago, IL | $22,017,905 | $4,505,523 |
Innercity Tennis Foundation Minneapolis, MN | $4,397,318 | $3,125,271 |
Metro Squash Nfp Chicago, IL | $13,154,185 | $4,902,892 |
River Forest Tennis Club River Forest, IL | $2,416,575 | $1,463,446 |
Tennaqua Deerfield, IL | $1,804,335 | $1,223,012 |
Detroit Tennis And Squash Club Farmington Hills, MI | $1,577,817 | $811,233 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
Tennis Industry Association Chicago, IL | $170,386 | $691,025 |
United States Tennis Association Inc Chicago, IL | $443,514 | $543,380 |
United States Tennis Association Inc Livonia, MI | $296,359 | $513,053 |
St Paul Tennis Club Saint Paul, MN | $1,755,956 | $459,021 |
United States Tennis Association Inc Fond Du Lac, WI | $260,045 | $452,587 |