Virginia Beach Tennis Patrons Association
- Assets
- $49.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 54-0832832
Organization Overview
Virginia Beach Tennis Patrons Association is located in Virginia Beach, VA. The organization was established in 1968. 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. Virginia Beach Tennis Patrons Association 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, Virginia Beach Tennis Patrons Association generated $28.2k 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 (7.9%) each year. All expenses for the organization totaled $19.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rankin Vice President | 1 | $0 | |
Peggy Winn Secretary | 1 | $0 | |
Bernie Sutton President | 1 | $0 | |
Doug Snidow Director | 0 | $0 | |
Mark Barnes Director | 0 | $0 | |
Tim Harrison Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,800 |
| Total Program Service Revenue | $19,938 |
| Membership dues | $6,338 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $140 |
| Total Revenue | $28,224 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $495 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,102 |
| Other expenses | $17,729 |
| Total expenses | $19,326 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,601 |
| Other assets | $0 |
| Total assets | $49,601 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Tennis Champions Center Inc College Park, MD | $5,286,334 | $7,001,782 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Manker Patten Tennis Club Inc Chattanooga, TN | $2,476,761 | $957,597 |
Great Falls Swim And Tennis Club Inc Great Falls, VA | $1,432,573 | $847,197 |
Yonahlossee Racquet Club Inc Boone, NC | $855,205 | $589,388 |