Memphis Tennis Association
- Assets
- $269.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Collierville, TN
- Founding
- 02/1984
- Data as of
- 12/2022
- EIN
- 62-6046474
Organization Overview
Memphis Tennis Association is located in Collierville, TN. The organization was established in 1984. 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. Memphis Tennis Association 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, Memphis Tennis Association generated $148.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $132.1k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTED AND SUPPORTED USTA ADULT AND JUNIORS TENNIS LEAGUES AND VARIOUS TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Sumrall President & Exec Secretary | 4 | $7,200 | |
Johnathan Yen Vice President | 1 | $0 | |
Carol Byrne Treasurer | 2 | $0 | |
Kim Laschober Secretary | 2 | $0 | |
Marla Goodwin Director | 1 | $0 | |
Paul Fultz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,438 |
| Total Program Service Revenue | $135,833 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,271 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,751 |
| Professional fees and other payments to independent contractors | $80,017 |
| Occupancy, rent, utilities, and maintenance | $5,664 |
| Printing, publications, postage, and shipping | $204 |
| Other expenses | $38,479 |
| Total expenses | $132,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,269 |
| Other assets | $0 |
| Total assets | $269,549 |
| Total liabilities | $0 |
| Net assets or fund balances | $269,549 |