Usta Mid-Atlantic Foundation
- Assets
- $9.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 83
- Location
- Herndon, VA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 54-1472806
Organization Overview
Usta Mid-Atlantic Foundation is located in Herndon, VA. The organization was established in 2019. 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 12/2022, Usta Mid-Atlantic Foundation employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usta Mid-Atlantic Foundation 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 12/2022, Usta Mid-Atlantic Foundation generated $5.9m in total revenue. All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 118.6% per year over the past 8 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.
Since 2018, Usta Mid-Atlantic Foundation has awarded 19 individual grants totaling $167,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE GROWTH OF TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS PROGRAMS & SERVICE INITIATIVES: USTA ADULT AND YOUTH PROGRAMS OFFER QUALITY RECREATIONAL AND COMPETITIVE PROGRAMS FOR PEOPLE OF ALL AGES AND ABILITIES. ADULT PROGRAMS INCLUDE USTA LEAGUES, RECREATIONAL AND SOCIAL TENNIS, TOURNAMENTS, TENNIS ON CAMPUS COLLEGE PROGRAM, VOLUNTEER COMMITTEES AND COUNCILS AND DIVERSITY & INCLUSION INITIATIVES. YOUTH PROGRAMS INCLUDE JUNIOR TEAM TENNIS, JUNIOR COMPETITION, THE 10 AND UNDER YOUTH TENNIS PROGRESSION, PLAYER DEVELOPMENT AND BEGINNER TENNIS EVENTS. SEE SCHEDULE O FOR MORE INFORMATION ON TENNIS PROGRAMS & SERVICE INITIATIVES.
MEMBERSHIP, MARKETING AND COMMUNICATIONS: MEMBERSHIP, MARKETING AND COMMUNICATIONS ACTIVITIES AIM TO RAISE AWARENESS OF THE GAME OF TENNIS AS WELL AS ELEVATE THE MISSION, VISION AND WORK THE ORGANIZATION IS DOING TO ADVANCE THE ENTIRE TENNIS ECOSYSTEM IN THE REGION TO CREATE COMMUNITY, CHARACTER AND WELL-BEING AMONG ALL PEOPLE. THROUGH MARKETING AND COMMUNICATIONS, WE ENSURE THE PUBLIC AND KEY STAKEHOLDERS ARE INFORMED ON THE MISSION AND VISION OF USTA MID-ATLANTIC, OPPORTUNITIES FOR TENNIS PARTICIPATION, BENEFITS OF PLAYING THE GAME, AND OF THE IMPACT THE ORGANIZATION IS MAKING ACROSS THE REGION TO CHANGE LIVES AND STRENGTHEN COMMUNITIES. THE USTA MAS SERVES NEARLY 28,000 MEMBERS IN THE DISTRICT OF COLUMBIA, MARYLAND, VIRGINIA, AND EASTERN AND SOUTHERN WEST VIRGINIA.
TENNIS CENTER: THE MID-ATLANTIC TENNIS CENTER IS THE ORGANIZATION'S VISION FOR FUTURE GROWTH AND SUSTAINABILITY OF THE SPORT IN THE REGION AS A WAY TO GIVE MORE PEOPLE ACCESS TO TENNIS WHILE INSPIRING A PHYSICALLY, SOCIALLY AND EMOTIONALLY HEALTHIER COMMUNITY. USTA MID-ATLANTIC IS PURSUING DEVELOPMENT OF A TENNIS CENTER THAT WILL BUILD COMMUNITY AROUND THE EXCITEMENT OF TENNIS AND OVERALL HEALTH AND WELLNESS YEAR-ROUND. IT WILL FACILITATE ENGAGING ENVIRONMENTS THAT SUPPORT PLAYERS AND FANS AT ALL POINTS IN THEIR TENNIS JOURNEY, PROVIDING TOP-QUALITY PROGRAMS AND TRAINING, STIMULATING COMPETITIVE EVENTS, AND VIBRANT SPACES AND EXPERIENCES THAT ARE OPEN TO ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Renzetti President | OfficerTrustee | 3 | $0 |
Margaret Obryon Vice-President | OfficerTrustee | 1 | $0 |
Jenny Hein Vice-President Of Development | OfficerTrustee | 3 | $0 |
Tynika Wilson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Don Paitrick Delegate | OfficerTrustee | 1 | $0 |
Doug Bond At-Large | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tag Project Management Llc Consulting Services | 12/30/22 | $245,939 |
Cliftonlarsonallen Llp Accounting | 12/30/22 | $115,285 |
Webster Chamberlain & Bean Llp Legal Services | 12/30/22 | $131,647 |
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 | $2,753,830 |
| Noncash contributions included in lines 1a–1f | $40,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,753,830 |
| Total Program Service Revenue | $3,039,597 |
| Investment income | $153,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,899,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,601 |
| Grants and other assistance to domestic individuals. | $19,662 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,002 |
| Compensation of current officers, directors, key employees. | $89,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,765,856 |
| Pension plan accruals and contributions | $42,571 |
| Other employee benefits | $282,844 |
| Payroll taxes | $163,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124,432 |
| Fees for services: Accounting | $189,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,901 |
| Fees for services: Other | $326,532 |
| Advertising and promotion | $19,539 |
| Office expenses | $104,383 |
| Information technology | $99,778 |
| Royalties | $0 |
| Occupancy | $78,177 |
| Travel | $105,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,109 |
| Insurance | $9,098 |
| All other expenses | $3,060 |
| Total functional expenses | $5,587,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,299 |
| Savings and temporary cash investments | $1,854,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,839 |
| 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 | $47,121 |
| Net Land, buildings, and equipment | $182,475 |
| Investments—publicly traded securities | $6,624,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,902 |
| Total assets | $9,147,820 |
| Accounts payable and accrued expenses | $265,885 |
| Grants payable | $0 |
| Deferred revenue | $222,216 |
| 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 | $147,431 |
| Total liabilities | $635,532 |
| Net assets without donor restrictions | $8,400,098 |
| Net assets with donor restrictions | $112,190 |
| 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 | $9,147,820 |
Grants Awarded
Over the last fiscal year, Usta Mid-Atlantic Foundation has awarded $18,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKE COUNTY PARKS & RECREATION PURPOSE: 2022 Facility Restoration Grant | $10,000 |
DC DEPARTMENT OF PARKS & RECREATION PURPOSE: 2022 Facility Restoration Grant | $8,900 |