Fred Wells Tennis & Education Center Inc
- Assets
- $4.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 62
- Location
- Saint Paul, MN
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 41-1965977
Organization Overview
Fred Wells Tennis & Education Center Inc is located in Saint Paul, MN. The organization was established in 2000. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Fred Wells Tennis & Education Center Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred Wells Tennis & Education Center 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 12/2023, Fred Wells Tennis & Education Center Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING PEOPLE TOGETHER OF ALL AGES, ABILITIES AND BACKGROUNDS TO EMBRACE THE LIFELONG GAME OF TENNIS WHILE SERVING UNDER-RESOURCED YOUTH WITH THE SUPPORT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNISWORKS: OUR FREE TENNISWORKS YOUTH DEVELOPMENT PROGRAMS ADVANCE THE PHYSICAL, MENTAL, SOCIAL, AND EMOTIONAL WELL-BEING OF YOUTH WHO HAVE LESS ACCESS TO RESOURCES THROUGH SUPPORTIVE RELATIONSHIPS AND ON- AND OFF-COURT EXPERIENCES. FULL-TIME EXPERIENCED STAFF ENGAGE YOUTH THROUGH SCHOOL AND COMMUNITY PARTNERSHIPS AS WELL AS INDEPENDENTLY RUN LEADERSHIP PROGRAMMING, TENNIS PLAY OPPORTUNITIES, AND CAMPS. IN 2023, THERE WERE 1,470 UNIQUE TENNISWORKS PROGRAM PARTICIPANTS.
JUNIOR PROGRAMS: OUR FEE-BASED JUNIOR PROGRAMS OFFER AGE AND ABILITY-BASED CLASSES AS WELL AS MATCH PLAY OPPORTUNITIES FOR AGES 5 TO 18. CERTIFIED TENNIS PROFESSIONALS LEAD ALL JUNIOR TENNIS PROGRAMMING WITH A FOCUS ON SKILL DEVELOPMENT, CONFIDENCE, AND FINDING ENJOYMENT AND CONNECTION THROUGH THE SPORT OF TENNIS. IN 2023, 1,239 UNIQUE PLAYERS PARTICIPATED IN FWTEC JUNIOR TENNIS PROGRAMS. COMBINED WITH TENNISWORKS PARTICIPATION, THERE WERE OVER 20,000 JUNIOR TENNIS PLAY EXPERIENCES ON OUR COURTS IN 2023. 72 UNIQUE PLAYERS RECEIVED A TOTAL OF $66,283 IN SCHOLARSHIP ASSISTANCE TO REMOVE FINANCIAL BARRIERS TO PARTICIPATION IN OUR FEE-BASED PROGRAMS. AN ADDITIONAL $4,510 WAS DISBURSED TO COVER TOURNAMENT-RELATED EXPENSES FOR YOUTH IN NEED.
ADULT PROGRAMS: ADULT TENNIS PROGRAMMING INCLUDES ABILITY-BASED DRILLS AND CLINICS, IN-HOUSE AND USTA LEAGUE PLAY, SENIOR DRILLS, AND PRIVATE LESSONS. ADULT TENNIS OFFERINGS REINFORCE TENNIS AS A LIFELONG SPORT THAT PROMOTES HEALTH, WELLNESS, AND COMMUNITY CONNECTION FOR ALL AGES. IN 2023, 1,286 UNIQUE ADULT PLAYERS PARTICIPATED IN FWTEC PROGRAMS, ADDING UP TO MORE THAN 44,000 ADULT PLAY EXPERIENCES.IN ADDITION TO PROGRAMMING, NEARLY 13,000 COURT HOURS WERE RESERVED FOR INDIVIDUAL PLAY. 3,000 UNIQUE PLAYERS OF ALL AGES ALSO HIT THE COURTS TO SHARE THE GAME WITH FRIENDS AND FAMILY OR PRACTICE WITH THE BALL MACHINE.ALL PROGRAMS AND COURT RENTALS ARE OPEN TO THE PUBLIC. WHILE NOT REQUIRED TO PARTICIPATE, PATRON MEMBERSHIPS ARE AVAILABLE TO SUPPORT OUR MISSION AND ACCESS SELECT BENEFITS. AT THE END OF 2023, 568 FAMILIES, 384 JUNIORS, 492 ADULTS, AND 477 SENIORS/SENIOR COUPLES (AGES 62+) HELD ACTIVE PATRON MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ahern Board President | OfficerTrustee | 2 | $0 |
Ann Hathaway Board Secretary | OfficerTrustee | 1 | $0 |
Christine Nickels Executive Director | Trustee | 40 | $118,248 |
Jack Foss Director | Trustee | 1 | $0 |
Andrea Boado Vice President | OfficerTrustee | 1 | $0 |
Tom Bradley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,371 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,691 |
| Total Program Service Revenue | $2,451,469 |
| Investment income | $28,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $360 |
| Net Gain/Loss on Asset Sales | -$7,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,074,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,001 |
| Compensation of current officers, directors, key employees. | $89,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,602,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,321 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,686 |
| Advertising and promotion | $17,803 |
| Office expenses | $55,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,869 |
| Insurance | $83,225 |
| All other expenses | $22,119 |
| Total functional expenses | $2,781,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,066 |
| Savings and temporary cash investments | $1,191,227 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $72,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,805 |
| Prepaid expenses and deferred charges | $32,546 |
| Net Land, buildings, and equipment | $2,735,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,547,365 |
| Accounts payable and accrued expenses | $114,951 |
| 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 | $95,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,797 |
| Total liabilities | $460,830 |
| Net assets without donor restrictions | $4,042,560 |
| Net assets with donor restrictions | $43,975 |
| 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 | $4,547,365 |