Memphis Tennis Association
- Assets
- $254.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Collierville, TN
- Founding
- 02/1984
- Data as of
- 12/2021
- 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 12/2021, Memphis Tennis Association generated $134.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $126.0k during the year ending 12/2021. 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
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 | |
Marla Goodwin Director | 1 | $0 | |
Kim Laschober Secretary | 2 | $0 | |
Paul Fultz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,762 |
| Total Program Service Revenue | $126,952 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,718 |
| 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 | $69,921 |
| Occupancy, rent, utilities, and maintenance | $6,911 |
| Printing, publications, postage, and shipping | $157 |
| Other expenses | $41,291 |
| Total expenses | $126,031 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $254,346 |
| Other assets | $0 |
| Total assets | $254,896 |
| Total liabilities | $226 |
| Net assets or fund balances | $254,670 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis Tennis Association has recieved totaling $5,047.
| Awarding Organization | Amount |
|---|---|
Southern Tennis Association Inc Peachtree Corners, GA PURPOSE: 2021 CGPG GRANT | $5,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Tennis Association Inc Peachtree Corners, GA | $27,075,181 | $12,482,397 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
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 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |