Philcrest Hills Tennis Club Inc
- Assets
- $1.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Jenks, OK
- Founding
- 02/1972
- Data as of
- 08/2024
- EIN
- 73-0937966
Organization Overview
Philcrest Hills Tennis Club Inc is located in Jenks, OK. The organization was established in 1972. 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 08/2024, Philcrest Hills Tennis Club Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philcrest Hills Tennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2024, Philcrest Hills Tennis Club Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.4m during the year ending 08/2024. While expenses have increased by 4.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PHILCREST HILLS TENNIS CLUB SERVES APPROXIMATELY 300 MEMBERS WITH TENNIS FACILITIES AND RELATED SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT REQUIRED FOR 501(C)(7) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Warner Executive Direc | OfficerTrustee | 60 | $148,911 |
Melissa Little Treasurer | OfficerTrustee | 0 | $0 |
Kelly Dudney Secretary | OfficerTrustee | 0 | $0 |
Kimberly Jones President | OfficerTrustee | 0 | $0 |
Lisa Charvat Director | Trustee | 0 | $0 |
Mary Jo Tasker Vice President | 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 | $98,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,175 |
| Total Program Service Revenue | $1,273,926 |
| Investment income | $1,117 |
| 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 | $36,125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,435,221 |
| 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. | $148,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,072 |
| Payroll taxes | $54,222 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $8,026 |
| Royalties | $0 |
| Occupancy | $83,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,820 |
| Insurance | $0 |
| All other expenses | $81,333 |
| Total functional expenses | $1,357,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,897 |
| Savings and temporary cash investments | $110,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,921 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,615,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,880,154 |
| Accounts payable and accrued expenses | $9,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $975,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,062 |
| Total liabilities | $1,002,556 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $194 |
| Paid-in or capital surplus, or land, building, or equipment fund | $722,293 |
| Retained earnings, endowment, accumulated income, or other funds | $155,111 |
| Total liabilities and net assets/fund balances | $1,880,154 |