First Serve Okc Foundation
- Assets
- $262.5k
- Revenue
- $478.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Oklahoma City, OK
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3499004
Organization Overview
First Serve Okc Foundation is located in Oklahoma City, 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. As of 12/2023, First Serve Okc Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Serve Okc 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 12/2023, First Serve Okc Foundation generated $478.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $435.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR WIN IS FOR OUR STUDENTS TO GRADUATE HIGH SCHOOL & BECOME IMPACTFUL COMMUNITY MEMBERS.
Describe the Organization's Program Activity:
THE COMPETITIVE PROGRAM WAS CREATED FOR OUR STUDENTS WHO DESIRE TO PLAY COMPETITIVE TENNIS BUT CANNOT AFFORD TO DO SO. TO QUALIFY FOR THIS PROGRAM, STUDENTS MUST HAVE A FINANCIAL NEED, PLAY IN COMPETITIVE TOURNAMENTS, ATTEND PRACTICE 3 TIMES PER WEEK, AND COMPLETE COMMUNITY SERVICE. IN 2023, WE HAD 90 STUDENTS IN THIS PROGRAM. THIS PROGRAM FOCUSES ON LIFE SKILLS, ON-COURT TENNIS INSTRUCTION, AND HEALTHY SNACKS.
THE COMMUNITY PROGRAM IS THE FURTHEST REACHING IN ITS SCOPE. IN 2023, WE SERVED 796 STUDENTS AT 24 OKC PUBLIC SCHOOLS & COMMUNITY SITES. THE PROGRAM AIMS TO TEACH BEGINNER TENNIS IN 6-WEEK SESSIONS AND EACH SESSION CONSISTS OF 4 TO 5 ELEMENTARY SCHOOLS. AT THE SESSION'S END, THE SCHOOLS COME TO THE OKC TENNIS FOR A TENNIS PARTY. WE WORK WITH ORGANIZATIONS LIKE FREEDOM CITY OKC, PITTS PARK, POSITIVE TOMORROWS, & THE OKC INDIAN CLINIC.
THE PITTS PARK PROGRAM WAS ESTABLISHED IN JUNE 2023 AS OUR FIRST "COMMUNITY HUB". PITTS PARK IS A RECREATION CENTER LOCATED IN NORTHEAST OKLAHOMA CITY WITH TWO TENNIS COURTS AND A COMMUNITY CENTER. OUR PROGRAMMING INCLUDES ON-COURT TENNIS INSTRUCTION, LIFE SKILL LESSONS, AND EDUCATIONAL TUTORING. ALL PROGRAMMING IS PROVIDED FREE OF COST. IN 2023, WE SERVED 83 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 3 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Director Start: 09/23 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,785 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,581 |
| Noncash contributions included in lines 1a–1f | $4,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,366 |
| Total Program Service Revenue | $10,630 |
| Investment income | $477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $517 |
| Net Income from Fundraising Events | -$94,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,388 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,799 |
| 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. | $153,109 |
| Compensation of current officers, directors, key employees. | $28,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,477 |
| Pension plan accruals and contributions | $1,152 |
| Other employee benefits | $729 |
| Payroll taxes | $29,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,539 |
| Advertising and promotion | $2,624 |
| Office expenses | $12,171 |
| Information technology | $65 |
| Royalties | $0 |
| Occupancy | $935 |
| Travel | $5,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $588 |
| Interest | $142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,983 |
| All other expenses | $4,427 |
| Total functional expenses | $435,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,122 |
| Savings and temporary cash investments | $83,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,699 |
| 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 | $2,048 |
| 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 | $262,491 |
| Accounts payable and accrued expenses | $11,352 |
| 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 | $11,352 |
| Net assets without donor restrictions | $251,139 |
| Net assets with donor restrictions | $0 |
| 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 | $262,491 |
Grants Awarded
Over the last fiscal year, First Serve Okc Foundation has awarded $137,864 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADG PC PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $30,975 |
LEGACY BUILDING SOLUTIONS PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $15,000 |
GREENSPRING SOLUTIONS INC PURPOSE: CONSTRUCTION OF LIGHTING FOR TENNIS COURTS | $30,000 |
OAKLEY'S INC PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $61,889 |