Oklahoma Tennis Foundation
- Assets
- $319.1k
- Revenue
- $262.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-3771938
Organization Overview
Oklahoma Tennis Foundation is located in Edmond, OK. The organization was established in 2014. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, 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. Oklahoma Tennis Foundation 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 12/2022, Oklahoma Tennis Foundation generated $262.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $236.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oklahoma Tennis Foundation has awarded 11 individual grants totaling $143,324. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OKLAHOMA TENNIS FOUNDATION POSITIVELY IMPACTS LIVES BY SUPPORTING & FUNDING ORGANIZATIONS THAT PROMOTE TENNIS & EDUCATION THROUGHOUT THE GREAT STATE OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS HALL OF FAME USED TO PROMOTE THE FUTURE OF TENNIS IN OKLAHOMA BY PRESERVING ITS RICH HISTORY.
EXPENSES USED TO PROMOTE AND RAISE THE PUBLIC'S AWARENESS OF THE OKLAHOMA TENNIS FOUNDATION, INC.
PROVIDE SUPPORT FOR TENNIS ORGANIZATIONS IN OKLAHOMA
PROVIDE SCHOLARSHIPS TO JUNIOR TENNIS PLAYERS TO HELP WITH HIGHER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Swyden Past President | OfficerTrustee | 1 | $0 |
Michele Hill Director | Trustee | 1 | $0 |
Pam Mcspadden Director | Trustee | 1 | $0 |
Vance Mcspadden Director | Trustee | 1 | $0 |
Ky Nichols Director | OfficerTrustee | 1 | $0 |
Dr Steve Painton Past President | OfficerTrustee | 1 | $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 | $262,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,785 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,598 |
| Grants and other assistance to domestic individuals. | $29,874 |
| 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 | $65,000 |
| Other salaries and wages | $1,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,042 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,161 |
| All other expenses | $0 |
| Total functional expenses | $236,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,078 |
| 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 | $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 | $319,078 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $157,260 |
| Net assets with donor restrictions | $161,818 |
| 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 | $319,078 |
Grants Awarded
Over the last fiscal year, Oklahoma Tennis Foundation has awarded $55,755 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRITTON CHRISTIAN CHURCH PURPOSE: TENNIS EQUIPMENT & SUPPLIES FOR NJTL | $11,200 |
FIRST SERVE OKC FOUNDATION PURPOSE: TENNIS EQUIPMENT & SUPPLIES FOR NJTL | $18,655 |
FIRST SERVE TULSA FOUNDATION PURPOSE: TENNIS EQUIPMENT & SUPPLIES FOR NJTL | $5,900 |
OKLAHOMA WESLEYAN UNIVERSITY TENNIS PURPOSE: TENNIS PROGRAM SUPPORT | $10,000 |
SANTA FE FAMILY LIFE CENTER PURPOSE: TENNIS PROGRAM SUPPORT | $10,000 |