Usta Montgomery County Tennis Association Inc
- Assets
- $295.7k
- Revenue
- $570.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Bethesda, MD
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 52-1964928
Organization Overview
Usta Montgomery County Tennis Association Inc is located in Bethesda, MD. The organization was established in 1999. 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, Usta Montgomery County Tennis Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usta Montgomery County Tennis Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Usta Montgomery County Tennis Association Inc generated $570.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $579.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GROWTH AND DEVELOPMENT OF TENNIS IN MONTGOMERY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAGUE TENNIS: SERVES MORE THAN 6,000 LEAGUE PLAYERS WITH YEAR-ROUND LEAGUE PROGRAMS, INCLUDING BOTH USTA AND WTT FORMATS.
OTHER PROGRAMS INCLUDE GRANTS TO MONTGOMERY COUNTY TENNIS AND EDUCATION FOUNDATION, COMMUNITY TENNIS, AND USTA'S 10-AND-UNDER TENNIS INITIATIVE THAT INTRODUCES CHILDREN TO TENNIS USING COURTS AND EQUIPMENT RE-SIZED TO BE AGE-APPROPRIATE.
JUNIOR TEAM TENNIS: SERVES MORE THAN 570 JUNIOR TEAM TENNIS PLAYERS THROUGH RECREATIONAL, COMPETITIVE TENNIS FOR PLAYERS AGE 8 - 18 PLAYED AS A TEAM SPORT. JTT CAN TAKE SEVERAL FORMS - AT MCTA JTT IS PLAYED ON WEEKENDS ON COURTS THROUGHOUT MONTGOMERY COUNTY ACROSS 3 SEASONS. TEAMS TYPICALLY CONSIST OF AT LEAST 6 PLAYERS; MATCHES PLAY 2 SINGLES AND 1 DOUBLES COURT, CONCURRENTLY.
TOURNAMENTS:SUPPORT COMPETITIVE TENNIS TOURNAMENT FOR MORE THAN 300 YOUTH AND ADULT TOURNAMENT PLAYERS AT 3 SANCTIONED TOURNAMENT A YEAR (2 ADULT AND 1 YOUTH TOURNAMENT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lee President | OfficerTrustee | 5 | $10,000 |
Tara Jakubik 1st Vice President | OfficerTrustee | 5 | $0 |
Marco Impleduglia 2nd Vice President | OfficerTrustee | 5 | $0 |
Laura Mcinerney Treasurer | OfficerTrustee | 5 | $0 |
Lucy Wang Secretary | OfficerTrustee | 5 | $0 |
Alan Klein Board Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $565,080 |
| Investment income | $226 |
| 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 | $570,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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. | $91,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,410 |
| 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 | $1,532 |
| Advertising and promotion | $1,422 |
| Office expenses | $1,741 |
| 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 | $7,875 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,253 |
| All other expenses | $2,134 |
| Total functional expenses | $579,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,837 |
| Savings and temporary cash investments | $150,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,002 |
| 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 | $295,675 |
| Accounts payable and accrued expenses | $42,341 |
| Grants payable | $0 |
| Deferred revenue | $51,255 |
| 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 | $14,920 |
| Total liabilities | $108,516 |
| Net assets without donor restrictions | $187,159 |
| 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 | $295,675 |