Southern Oilmans Tennis Tournament Inc
- Assets
- $129.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 72-0804694
Organization Overview
Southern Oilmans Tennis Tournament Inc is located in Lafayette, LA. The organization was established in 2002. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Southern Oilmans Tennis Tournament Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Southern Oilmans Tennis Tournament Inc generated $45.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ORGANIZED, PROMOTED AND MANAGED A SINGLE ANNUAL, AMATEUR TENNIS TOURNAMENT IN LAFAYETTE, LOUISIANA FOR THE PLEASURE, RECREATION AND FELLOWSHIP OF ITS PARTICIPANTS. PARTICIPATION IN THE TOURNAMENT IS RESTRICTED TO ONLY THOSE INDIVIDUALS AND THEIR SPOUSES WHO DERIVE AT LEAST 50% OF THEIR ANNUAL INCOME FROM THE OIL, NATURAL GAS AND RELATED ENERGY SERVICE INDUSTRIES. ANNUAL PARTICIPATION RANGES FROM 200 TO 300 PLAYERS AND IS CONDUCTED OVER THE COURSE OF THREE (3) DAYS TYPICALLY ON THE FIRST WEEKEND OF OCTOBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Schneider Director | 0 | $0 | |
Adam Judice Director | 0 | $0 | |
Harry Broussard Director | 0 | $0 | |
John Fenstermaker Co-Chairman | 0 | $0 | |
Jimmy Vinning II Director | 0 | $0 | |
Steve Schaaf Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,080 |
| Investment income | $1,835 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $226 |
| Other expenses | $38,703 |
| Total expenses | $40,429 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,372 |
| Other assets | $0 |
| Total assets | $129,372 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $127,372 |