Love & Love Tennis Foundation Inc
- Assets
- $74.6k
- Revenue
- $160.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5128532
Organization Overview
Love & Love Tennis Foundation Inc is located in Palm Desert, CA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love & Love Tennis 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, Love & Love Tennis Foundation Inc generated $160.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $93.0k during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND DISSIMINATE THE SPORTS OF TENNIS BY BEING ABLE TO SHARE OUR VISION WITH ALL WHO LIKE TO PLAY OR WATCH THE GAME. RAISING FUNDS FOR JUNIOR TENNIS IN THE DESERT AND TEACHING OUR YOUTH TO FULLY ENJOY THE SPORTS. MATCHING TENNIS PROS WITH THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTS VARIOUS TEACHING CLINICS FOR THE YOUTH OF THE COACHELLA VALLEY. PROVIDING KIDS WITH OPPORTUNY OF ENJOYING,LEARNING AND PLAYNG THE GAME AND HAVING TENNIS PROS AS MENTORS TO FULLY DEVELOP THEIR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicky Wright Secretary | OfficerTrustee | 16 | $0 |
Rosemary Casals President | OfficerTrustee | 36 | $0 |
Billie J King Treasurer | OfficerTrustee | 3 | $0 |
Tory A Fretz Director | Trustee | 16 | $0 |
Connie Spooner Director | Trustee | 16 | $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 | $160,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,661 |
| 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 | $160,661 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $93,025 |
| Total functional expenses | $93,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,631 |
| 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 | $74,631 |
| 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 | $74,631 |
| 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 | $74,631 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Love & Love Tennis Foundation Inc has recieved totaling $27,150.
| Awarding Organization | Amount |
|---|---|
Rumchata Foundation Inc Vernon Hills, IL PURPOSE: PROMOTE, SUPPORT, AND OFFER FINANCIAL GRANTS TO GROW YOUTH TENNIS IN THE COAHELLA VALLEY. EIN: 47-5128532 | $15,000 |
Usta Foundation Incorporated White Plains, NY | | $10,000 |
Warsaw Family Foundation Marina Del Rey, CA PURPOSE: SUPPORT YOUTH TENNIS. | $1,650 |
Connie And Bob Lurie Foundation Inc Redwood City, CA PURPOSE: CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |
Fresh Lifelines For Youth Inc Milpitas, CA | $7,609,651 | $8,984,163 |
East Bay Asian Youth Center Oakland, CA | $1,698,812 | $7,118,392 |
Access Youth Academy San Diego, CA | $4,330,454 | $1,221,754 |
The Painted Turtle Santa Monica, CA | $41,527,735 | $8,643,050 |
Paradise Oaks Youth Services Citrus Heights, CA | $3,816,959 | $7,297,497 |
Youth Leadership Institute San Francisco, CA | $3,931,170 | $6,133,227 |
Reading And Beyond Fresno, CA | $7,228,751 | $5,413,699 |
King Philanthropies Inc Menlo Park, CA | $120,079,985 | $59,553,256 |
Future Leaders Of America Oxnard, CA | $2,173,035 | $2,809,963 |