Alta Foundation Inc
- Assets
- $9.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roswell, GA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 58-1630835
Organization Overview
Alta Foundation Inc is located in Roswell, GA. The organization was established in 1996. 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. Alta Foundation Inc 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, Alta Foundation Inc generated $32.2k 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 (14.7%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. 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 Program Activity:
Part 3
THE FOUNDATION IS A SUPPORTING ORGANIZATION TO THE ATLANTA LAWN TENNIS ASSOCIATION (ALTA), UNDER SECTION 509(A)(3) OF THE IRC. ALL GRANTS MADE BY THE FOUNDATION SUPPORT THE EXEMPT FUNCTION OF ALTA WHICH FOSTERS AMATEUR SPORTS COMPETITION IN TENNIS AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS, AND PROVIDES ASSISTANCE FOR TENNIS PROGRAMS FOR HANDICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burger Diana President | 1 | $0 | |
Rita Maloof Secretary | 1 | $0 | |
John Lowell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,163 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,163 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,555 |
| Total expenses | $59,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,442 |
| Other assets | $0 |
| Total assets | $9,442 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alta Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Ritchey Family Foundation Inc Miami, FL PURPOSE: GENERAL PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Tennis Association Florida Section Inc Orlando, FL | $13,895,256 | $5,218,982 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Professional Tennis Registry Inc Hilton Head Island, SC | $6,269,528 | $3,800,991 |
Royal Palm Tennis Club Inc Pinecrest, FL | $3,076,353 | $2,178,912 |
Malivai Washington Kids Foundation Inc Jacksonville, FL | $12,289,150 | $2,851,121 |
Georgia Tennis Association Inc Marietta, GA | $3,312,720 | $2,030,309 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |