Mississippi Tennis Association Inc
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Jackson, MS
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 63-0737693
Organization Overview
Mississippi Tennis Association Inc is located in Jackson, MS. The organization was established in 1978. 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 12/2022, Mississippi Tennis Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 12/2022, Mississippi Tennis Association Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $884.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mississippi Tennis Association Inc has awarded 20 individual grants totaling $141,498. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT OF TENNIS AS A MEANS OF HEATHFUL RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF TENNIS AS A MEANS OF HEALTHFUL RECREATION BY SANCTIONING AND CONDUCTING TENNIS EVENTS. THIS INCLUDES JUNIOR RECREATIONS PROGRAMS, ADULT LEAGUES AND GRANTS TO OTHER ORGANIZATIONS WITH THE SAME PURPOSE OF TENNIS PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmie Coins President | OfficerTrustee | 0 | $0 |
Robert Garrett Exec. Vice President | OfficerTrustee | 0 | $0 |
Tom Daglis Vice Prsident | OfficerTrustee | 0 | $0 |
David Kimball Vice Prsident | OfficerTrustee | 0 | $0 |
George Miller Secretary | OfficerTrustee | 0 | $0 |
Clay Mcwilliams Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,291 |
| Total Program Service Revenue | $632,155 |
| Investment income | $44,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,730 |
| 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 | $281,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,143 |
| Payroll taxes | $20,836 |
| 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 | $6,120 |
| Fees for services: Other | $277,432 |
| Advertising and promotion | $14,702 |
| Office expenses | $33,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,937 |
| Insurance | $4,457 |
| All other expenses | $7,606 |
| Total functional expenses | $884,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050,118 |
| Savings and temporary cash investments | $53,206 |
| 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 | $4,193 |
| Net Land, buildings, and equipment | $182,201 |
| Investments—publicly traded securities | $789,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,079,176 |
| Accounts payable and accrued expenses | $3,547 |
| Grants payable | $0 |
| Deferred revenue | $2,704 |
| 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 | $6,251 |
| Net assets without donor restrictions | $2,072,925 |
| 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 | $2,079,176 |
Grants Awarded
Over the last fiscal year, Mississippi Tennis Association Inc has awarded $31,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST MS CTA PURPOSE: COMMUNITY COORDINATOR GRANT - CONTRACT WITH LOCAL COORDINATOR TO RUN TENNIS PROGRAMS | $10,000 |
CITY OF NATCHEZ PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $5,000 |
RESERVOIR YMCA PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $5,000 |
CITY OF TUPELO PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $5,000 |
OXFORD PARKS COMMISSION PURPOSE: COMMUNITY TENNIS FACILITY & DEVELOPMENT GRANT - BUILD OR RESURFACE TENNIS COURTS | $6,500 |