Washington Tennis & Education
- Assets
- $24.9m
- Revenue
- $3.4m
- Investments
- $50.0k
- Employees
- 84
- Location
- Washington, DC
- Founding
- 10/1956
- Data as of
- 08/2022
- EIN
- 52-6046504
Organization Overview
Washington Tennis & Education is located in Washington, DC. The organization was established in 1956. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2022, Washington Tennis & Education employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Tennis & Education 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 08/2022, Washington Tennis & Education generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.1m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SKILLS NECESSARY TO ACHIEVE ACADEMIC, ATHLETIC AND PERSONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER FOR EXCELLENCE: CFE IS A COMPREHENSIVE YEAR-ROUND PROGRAM THAT SERVES STUDENTS IN GRADES 1-12. FROM SEPTEMBER TO JUNE (THE ACADEMIC YEAR) CFE OPERATES FIVE DAYS A WEEK FROM 4 TO 7 P.M.; DURING SUMMER IT RUNS FIVE DAYS A WEEK FROM 8 A.M. TO 4 P.M. FOR NINE WEEKS. PROGRAMMING IS DIVIDED BETWEEN ACADEMICS AND TENNIS; ACADEMICS EMPHASIZES REMEDIAL MATH AND READING INSTRUCTION INDIVIDUALIZED TO ADDRESS EACH CHILD'S SKILL GAPS AS WELL AS HOMEWORK HELP, TUTORING, AND STEM ENRICHMENT PROGRAMS. ACADEMICS ADHERE TO THE DC COMMON CORE STANDARDS TO ENSURE THE PROGRAM SUPPORTS WHAT CHILDREN LEARN DURING THE DAY. CFE ALSO INCLUDES COUNSELING, MENTORING, COLLEGE EXPLORATION, AND LIFE SKILLS TRAINING AS WELL AS A SUMMER PROGRAM THAT INCLUDES PARTICIPATION IN A NATIONAL TENNIS TOURNAMENT AND COLLEGE VISITS IN TOURNAMENT HOST CITIES. CFE OPERATES AT THE EAST CAPITOL CAMPUS AND SERVES 100 STUDENTS DURING THE SCHOOL YEAR AND 150 STUDENTS IN THE SUMMER.
ARTHUR ASHE CHILDREN'S PROGRAM, TENNIS BALL, TOURNAMENT, COMMUNITY PROGRAMS, TENNIS TOTS.
SUMMER PROGRAM: THE CFE SUMMER PROGRAM OFFERS LOW-INCOME CHILDREN AND YOUTH LIVING IN HIGH CRIME WASHINGTON, DC NEIGHBORHOODS, NINE WEEKS OF NO-COST STRUCTURED ACTIVITIES FIVE DAYS A WEEK (MON-FRI) FROM 8 A.M. TO 4 P.M., DURING THE SUMMER SCHOOL BREAK. CFE SUMMER PROVIDES TENNIS CLINICS AND COMPETITIONS, MATH AND READING ENRICHMENT, ROBOTICS, CHESS AND BOARD GAME CLUBS, ARTS AND CRAFTS, COLLEGE CAMPUS TOURS, COMMUNITY-BASED PARTNER PRESENTATIONS, FREE BREAKFAST AND LUNCH, HEALTHY SNACKS, AND AN ABUNDANCE OF WATER. CFE SUMMER IS THE LONGEST RUNNING SUMMER PROGRAM IN WASHINGTON, DC.
TENNIS CENTER PROGRAMS: WTEF OFFERS BEGINNER TO ADVANCED CLINICS FOR YOUTH AND ADULTS. OUR PRIMARY PROGRAMMING AT OUR EAST CAMPUS IS FOR YOUTH WHO LIVE WITHIN DISTRICT OF COLUMBIA UNDERSERVED COMMUNITIES. WE ALSO OFFER FEE-BASED PROGRAMMING AT OUR EAST AND WEST CAMPUSES WHERE PARTIAL PROCEEDS GO TOWARDS FUNDING YOUTH PROGRAMMING AT OUR EAST CAMPUS AND OUR OUTREACH PROGRAMMING AT DISTRICT OF COLUMBIA PUBLIC AND CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josef Weissfeld Coach | Trustee | 1 | $14,905 |
Jackie Bradford Chair | OfficerTrustee | 1 | $0 |
Manuel Ortiz Past Chair | OfficerTrustee | 1 | $0 |
Hon John Breaux Vice Chair | OfficerTrustee | 1 | $0 |
Sarah Jackson Vice Chair | OfficerTrustee | 1 | $0 |
James Ritzenberg Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lagardere Group Media Services | 8/30/19 | $188,500 |
O'melveny & Myers Llp Legal Fees | 8/30/19 | $127,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $476,527 |
| Related organizations | $0 |
| Government grants | $175,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,721,256 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,372,921 |
| Total Program Service Revenue | $618,831 |
| Investment income | $205,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $130,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $135,687 |
| Net Income from Fundraising Events | -$253,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,377,046 |
| 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. | $262,718 |
| Compensation of current officers, directors, key employees. | $15,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,024,464 |
| Pension plan accruals and contributions | $13,950 |
| Other employee benefits | $126,223 |
| Payroll taxes | $107,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,939 |
| Advertising and promotion | $0 |
| Office expenses | $201,254 |
| Information technology | $12,560 |
| Royalties | $0 |
| Occupancy | $441,753 |
| Travel | $33,633 |
| 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 | $458,471 |
| Insurance | $66,858 |
| All other expenses | -$156,593 |
| Total functional expenses | $3,141,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,729 |
| Savings and temporary cash investments | $4,350,139 |
| Pledges and grants receivable | $2,262,814 |
| 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 | $17,500 |
| Net Land, buildings, and equipment | $7,755,491 |
| Investments—publicly traded securities | $10,029,450 |
| Investments—other securities | $50,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,914,123 |
| Accounts payable and accrued expenses | $151,940 |
| Grants payable | $0 |
| Deferred revenue | $27,097 |
| 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 | $179,037 |
| Net assets without donor restrictions | $24,539,658 |
| Net assets with donor restrictions | $195,428 |
| 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 | $24,914,123 |