Winston Salem Tennis Incorporated
- Assets
- $210.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 56-6066279
Organization Overview
Winston Salem Tennis Incorporated is located in Winston Salem, NC. The organization was established in 1965. 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. Winston Salem Tennis Incorporated 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, Winston Salem Tennis Incorporated generated $69.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 4 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 |
|---|---|---|---|
Kevin Kranis President And Director | 3 | $0 | |
Randal Blankenship Vice President And Director | 3 | $0 | |
Shawn Mcfarlin Secretary And Director | 3 | $0 | |
Tracy Lesser Treasurer And Director | 3 | $0 | |
Ed Simpson Director | 1 | $0 | |
Caroline Downs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,956 |
| Total Program Service Revenue | $45,075 |
| Membership dues | $0 |
| Investment income | $1,171 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $386 |
| Other Revenue | $0 |
| Total Revenue | $69,588 |
| 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 | $13,052 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,892 |
| Total expenses | $45,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,076 |
| Other assets | $0 |
| Total assets | $210,076 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,076 |