First Serve Okc Foundation
- Assets
- $224.3k
- Revenue
- $410.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Oklahoma City, OK
- Founding
- 07/2014
- Data as of
- 12/2021
- 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 12/2021, First Serve Okc Foundation employed 7 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 12/2021, First Serve Okc Foundation generated $410.3k 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 (10.5%) each year. All expenses for the organization totaled $577.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING THE LIVES AND ENHANCING THE CHARACTER OF OKLAHOMA CITY YOUTH THROUGH TENNIS AND EDUCATION.
Describe the Organization's Program Activity:
YEAR ROUND PROGRAM: SERVED 45 STUDENTS FOR 28 WEEKS, FOUR TIMES PER WEEK FOR 2 HOURS PER DAY. PROVIDED LIFE SKILLS, TENNIS INSTRUCTION AND HEALTHY SNACKS. TOTAL OF 336 HOURS OF PROGRAMMING.
SUMMER CAMP PROGRAM: SERVED 209 STUDENTS IN 6 WEEKS OF SUMMER CAMP, DAYS PER WEEK, 5.5 HOURS PER DAY WITH LIFE SKILLS, TENNIS, EDUCATION, AND HEALTHY SNACKS AND MEALS. TOTAL OF 165 HOURS OF PROGRAMMING.
SERVING UP ACES PROGRAM: PROVIDED TENNIS, NUTRITION AND CHARACTER LESSONS FOR 330 STUDENTS THROUGH PARTNERSHIPS WITH PARKS AND SCHOOLS. TOTAL OF 158 HOURS OF PROGRAMMING.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Hufnagel Executive Director | Officer | 45 | $66,000 |
Tony M Mullican Program Director | Officer | 45 | $60,000 |
Mark Allen Board President | OfficerTrustee | 1 | $0 |
Phillip Lancaster Vice President | OfficerTrustee | 3 | $0 |
Jon Mcnaught Secretary | OfficerTrustee | 1 | $0 |
Patrick Donehue Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,223 |
| Total Program Service Revenue | $9,507 |
| 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 | $51,531 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,767 |
| Compensation of current officers, directors, key employees. | $13,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,659 |
| Pension plan accruals and contributions | $628 |
| Other employee benefits | $6,416 |
| Payroll taxes | $4,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $369 |
| Fees for services: Accounting | $9,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,083 |
| Advertising and promotion | $12,474 |
| Office expenses | $750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,908 |
| Travel | $0 |
| 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 | $1,448 |
| All other expenses | $10,944 |
| Total functional expenses | $577,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,400 |
| 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 | $224,307 |
| Accounts payable and accrued expenses | $6,291 |
| 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 | $6,291 |
| Net assets without donor restrictions | $218,016 |
| 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 | $224,307 |
Grants Awarded
Over the last fiscal year, First Serve Okc Foundation has awarded $137,864 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OAKLEY'S INC PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $61,889 |
ADG PC PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $30,975 |
GREENSPRING SOLUTIONS INC PURPOSE: CONSTRUCTION OF LIGHTING FOR TENNIS COURTS | $30,000 |
LEGACY BUILDING SOLUTIONS PURPOSE: CONSTRUCTION OF TENNIS COURTS AND FACILITIES | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that First Serve Okc Foundation has recieved totaling $69,242.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $37,500 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $21,492 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Texas Section Austin, TX | $7,818,554 | $8,049,451 |
Intermountain Tennis Association Denver, CO | $978,629 | $2,953,700 |
United States Tennis Association Missouri Valley Section Prairie Village, KS | $1,685,977 | $2,908,878 |
Colorado Tennis Association Denver, CO | $1,001,755 | $2,210,435 |
Bush Tennis Center Midland, TX | $9,369,349 | $1,319,595 |
United States Table Tennis Association Colorado Springs, CO | $717,492 | $1,875,586 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
Village Tennis Riding And Swim Club Inc Cherry Hills Village, CO | $5,176,377 | $2,213,617 |
United States Racquetball Association Colorado Springs, CO | $605,679 | $1,181,471 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Denver Tennis Club Denver, CO | $1,863,502 | $1,051,082 |
Dallas Tennis Association Addison, TX | $872,322 | $1,029,627 |