Richmond Tennis Association
- Assets
- $164.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Richmond, VA
- Founding
- 06/1960
- Data as of
- 12/2021
- EIN
- 54-6036887
Organization Overview
Richmond Tennis Association is located in Richmond, VA. The organization was established in 1960. 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. Richmond Tennis 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, Richmond Tennis Association generated $116.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $119.8k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND DEVELOP THE SPORT OF TENNIS IN THE GREATER RICHMOND COMMUNITY.
Describe the Organization's Program Activity:
Part 3
CONDUCT AND SUPPORT TENNIS EVENTS AND COMPETITIONS THAT PROMOTE RECREATION AND TENNIS PLAYING OPPORTUNITIES FOR SEVERAL THOUSAND ADULTS, INCLUDING WHEELCHAIR ATHLETES, AND MORE THAN 1500 CHILDREN.
SUPPORT LOCAL PLAYER TRAINING AND TRAVEL TO SECTIONAL AND NATIONAL COMPETITIONS FOR COMPETITIVE EXPERIENCE WHILE RECOGNIZING PLAYER ACCOMPLISHMENTS AND SPORTSMANSHIP.
PROVIDING AN INTRODUCTION TO TENNIS AS A LIFETIME SPORT TO UNDERSERVED YOUTH, YOUTH AND ADULTS NEW TO THE SPORT AND PLAYERS WITH DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Reichert Administrator | 20 | $14,328 | |
Maria Sorkin Administrator | 20 | $7,164 | |
John Depew Board Member | 1 | $0 | |
Mark Bernstine Board Member | 1 | $0 | |
Margie Ray Vice President | 1 | $0 | |
Tom Ager Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,256 |
| Total Program Service Revenue | $104,530 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,796 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,466 |
| Professional fees and other payments to independent contractors | $6,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,239 |
| Total expenses | $119,755 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $162,818 |
| Other assets | $0 |
| Total assets | $164,080 |
| Total liabilities | $325 |
| Net assets or fund balances | $163,755 |
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 |