South Carolina Tennis Association Inc
- Assets
- $2.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Columbia, SC
- Founding
- 08/1978
- Data as of
- 12/2023
- EIN
- 57-0665261
Organization Overview
South Carolina Tennis Association Inc is located in Columbia, SC. The organization was established in 1978. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, South Carolina Tennis Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Tennis Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, South Carolina Tennis Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, MAINTAIN, AND PROMOTE THE GAME OF TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE DEVELOPMENT OF TENNIS AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS; TO ESTABLISH AND MAINTAIN THE RULES OF FAIR PLAY AND HIGH STANDARDS OF SPORTSMANSHIP; AND TO REPRESENT THE JURISDICTION OF SOUTH CAROLINA AS A MEMBER OF THE USTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Paige President | OfficerTrustee | 1 | $0 |
Nan Smith Immediate Pa | OfficerTrustee | 1 | $0 |
Mary Margaret Hyatt Vice Preside | OfficerTrustee | 1 | $0 |
Cecile Perich Tresurer | OfficerTrustee | 1 | $0 |
Don Moody Secretary | OfficerTrustee | 1 | $0 |
Dusty Braddock Director At | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $868,444 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,444 |
| Total Program Service Revenue | $816,866 |
| Investment income | $43,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,084 |
| 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. | $127,394 |
| Compensation of current officers, directors, key employees. | $22,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $234,782 |
| Payroll taxes | $59,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,230 |
| Advertising and promotion | $23,654 |
| Office expenses | $49,417 |
| Information technology | $4,953 |
| Royalties | $0 |
| Occupancy | $18,245 |
| Travel | $53,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,607 |
| Insurance | $7,117 |
| All other expenses | $155,924 |
| Total functional expenses | $1,781,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,227 |
| Savings and temporary cash investments | $285,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $507 |
| 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 | $0 |
| Net Land, buildings, and equipment | $410,769 |
| Investments—publicly traded securities | $1,827,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,560,875 |
| Accounts payable and accrued expenses | $72,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $72,000 |
| Net assets without donor restrictions | $2,488,875 |
| Net assets with donor restrictions | $0 |
| 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 | $2,560,875 |
Grants Awarded
Over the last fiscal year, South Carolina Tennis Association Inc has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SC TENNIS PATRONS FOUNDATION PURPOSE: JR PLAYER SUPPORT | $10,000 |
USTA FOUNDATION PURPOSE: JR PLAYER SUPPORT | $10,000 |
SC TENNIS PATRONS FOUNDATION PURPOSE: JR PLAYER SUPPORT | $10,000 |
USTA FOUNDATION PURPOSE: JR PLAYER SUPPORT | $10,000 |