Tennis Industry Association
- Assets
- $170.4k
- Revenue
- $691.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 09/1975
- Data as of
- 12/2021
- EIN
- 51-0162283
Organization Overview
Tennis Industry Association is located in Chicago, IL. The organization was established in 1975. 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. Tennis Industry Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tennis Industry Association generated $691.0k 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 (7.5%) each year. All expenses for the organization totaled $649.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. 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
PROMOTES AND FOSTERS THE SPORT OF TENNIS AND ECONOMIC VITALITY OF THE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES AND FOSTERS THE SPORT OF TENNIS AND ECONOMIC VITALITY OF THE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan White COO | OfficerTrustee | 2 | $0 |
Jeff Williams President | OfficerTrustee | 2 | $0 |
Joe Keenan Director | Trustee | 2 | $0 |
Susan Dibiase Director | Trustee | 2 | $0 |
Mickey Maule Director | Trustee | 2 | $0 |
Iain Pound Director | Trustee | 2 | $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 | $400,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,000 |
| Total Program Service Revenue | $288,038 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,487 |
| 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 | $691,025 |
| 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 | $48,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,156 |
| Fees for services: Management | $219,185 |
| 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 | $12,020 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,783 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,922 |
| 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 | $2,379 |
| All other expenses | $5,277 |
| Total functional expenses | $649,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,750 |
| 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 | $170,386 |
| Accounts payable and accrued expenses | $38,935 |
| Grants payable | $0 |
| Deferred revenue | $1,250 |
| 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 | $40,185 |
| Net assets without donor restrictions | $130,201 |
| 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 | $170,386 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tennis Industry Association has recieved totaling $414,750.
| Awarding Organization | Amount |
|---|---|
United States Tennis Association Inc White Plains, NY PURPOSE: PROGRAM GRANT | $314,750 |
United States Tennis Association Inc White Plains, NY PURPOSE: PROGRAM GRANT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xs Tennis And Education Foundation Chicago, IL | $22,017,905 | $4,505,523 |
Metro Squash Nfp Chicago, IL | $13,154,185 | $4,902,892 |
River Forest Tennis Club River Forest, IL | $2,416,575 | $1,463,446 |
Boone County Tennis Center Zionsville, IN | $3,917,411 | $1,573,945 |
Tennaqua Deerfield, IL | $1,804,335 | $1,223,012 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
Jasper Tennis Patrons Organization Inc Jasper, IN | $88,945 | $383,311 |
Tennis Industry Association Chicago, IL | $170,386 | $691,025 |
Evansville Area Tennis Patrons Foundation Inc Evansville, IN | $2,596,452 | $756,598 |
Usta Midwest Tennis & Education Foundation Inc Indianapolis, IN | $4,160,822 | $390,633 |
United States Tennis Association Inc Chicago, IL | $443,514 | $543,380 |