K B Tennis Association Inc
- Assets
- $211.9k
- Revenue
- $301.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Key Biscayne, FL
- Founding
- 10/1981
- Data as of
- 07/2021
- EIN
- 59-1980080
Organization Overview
K B Tennis Association Inc is located in Key Biscayne, FL. The organization was established in 1981. 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 07/2021, K B Tennis Association Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K B Tennis Association 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 07/2021, K B Tennis Association Inc generated $301.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $219.4k during the year ending 07/2021. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE AND OPERATION OF COMMUNITY TENNIS COURTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF COMMUNITY TENNIS COURTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rivella President | Trustee | 1 | $100 |
Barbara Swchartz Director | Trustee | 0.5 | $0 |
Lisa Koense Director | Trustee | 0.5 | $0 |
Jeannie Viergutz Secretary | Trustee | 0.5 | $0 |
Jon Garito Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,802 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,462 |
| Total Program Service Revenue | $245,289 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,754 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,519 |
| Advertising and promotion | $904 |
| Office expenses | $7,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,197 |
| Insurance | $4,601 |
| All other expenses | $10,945 |
| Total functional expenses | $219,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $123,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,892 |
| Accounts payable and accrued expenses | $1,122 |
| 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 | $16,124 |
| Total liabilities | $17,246 |
| Net assets without donor restrictions | $194,646 |
| 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 | $211,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Tennis Association Inc Peachtree Corners, GA | $27,075,181 | $12,482,397 |
United States Tennis Association Florida Section Inc Orlando, FL | $13,895,256 | $5,218,982 |
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 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Atlanta Community Tennis Association Inc Peachtree Corners, GA | $984,721 | $954,060 |
Friends Of Miami Tennis Inc Pinecrest, FL | $94,000 | $754,554 |
Columbus Regional Tennis Assoc Inc Columbus, GA | $3,128,529 | $637,732 |
Tennis Foundation Of St Petersburg Inc St Petersburg, FL | $643,769 | $607,884 |
Gainesville Area Community Tennis Association Inc Gainesville, FL | $191,464 | $462,532 |