Kentucky Tennis Association Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Louisville, KY
- Founding
- 07/1977
- Data as of
- 12/2023
- EIN
- 61-0916485
Organization Overview
Kentucky Tennis Association Inc is located in Louisville, KY. The organization was established in 1977. 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 12/2023, Kentucky Tennis Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky 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, Kentucky Tennis Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 4.5% 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 PROMOTE THE DEVELOPMENT OF TENNIS AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS IN THE COMMONWEALTH OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USTA KENTUCKY IS THE "PLAY" COMPONENT OF THE USTA TENNIS PROGRAM PATHWAY FOR ADULTS WHO ARE AGE 18 AND OLDER. USTA TEAM TENNIS PROVIDES ORGANIZED MATCH PLAY AND TEAM PRACTICES THAT EMPHASIS FUN AND THE SOCIAL BENEFITS OF TENNIS.
USTA KENTUCKY PROMOTES TENNIS AT AGE LEVELS THROUGHOUT THE STATE BY PROVIDING COMMUNITY SUPPORT AND ASSISTANCE IN DEVELOPING NEW PROGRAMS IN AREAS WHERE NONE CURRENTLY EXIST.
USTA KENTUCKY SANCTIONS VARIOUS TOURNAMENTS INCLUDING STATE CHAMPIONSHIPS.
PART OF THE ORGANIZATION'S MISSION TO PROMOTE AND DEVELOP THE GROWTH OF YOUTH TENNIS. USTA KENTUCKY IS DEDICATED TO INTRODUCING TENNIS TO CHILDREN OF ALL AGES IN SCHOOLS ACROSS THE STATE. IT ALSO SPONSORS JUNIOR TENNIS LEAGUES AND HOLDS ANNUAL TOURNAMENTS FOR JUNIOR TENNIS PLAYERS FROM THROUGHOUT THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leony Barroso President | OfficerTrustee | 4 | $0 |
Sonya Harward Vice President | Trustee | 2 | $0 |
Cameron Levis Director | Trustee | 2 | $0 |
Mike Eden Immediate Past President | OfficerTrustee | 4 | $0 |
Martina Fee Director | Trustee | 2 | $0 |
Victor Allara Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,158 |
| Fundraising events | $0 |
| Related organizations | $344,732 |
| 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 | $401,890 |
| Total Program Service Revenue | $675,287 |
| Investment income | $15,822 |
| 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 | $1,116,894 |
| 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. | $103,188 |
| Compensation of current officers, directors, key employees. | $51,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,194 |
| Payroll taxes | $30,900 |
| 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 | $0 |
| Advertising and promotion | $21,018 |
| Office expenses | $52,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,787 |
| Travel | $19,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,105 |
| Insurance | $0 |
| All other expenses | $3,389 |
| Total functional expenses | $1,091,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,986 |
| 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 | $172,598 |
| Investments—publicly traded securities | $695,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,076,880 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $61,874 |
| 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 | $61,874 |
| Net assets without donor restrictions | $1,015,006 |
| 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 | $1,076,880 |