Philcrest Hills Tennis Club Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Jenks, OK
- Founding
- 02/1972
- Data as of
- 08/2022
- 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 08/2022, Philcrest Hills Tennis Club Inc employed 34 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 08/2022, Philcrest Hills Tennis Club Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.2m during the year ending 08/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Warner Executive Direc | OfficerTrustee | 60 | $155,200 |
Gail Gillock Secretary | OfficerTrustee | 0 | $0 |
Edward Obana President | OfficerTrustee | 0 | $0 |
Cynthia Harp Treasurer | OfficerTrustee | 0 | $0 |
Robert Coffey Vice President | OfficerTrustee | 0 | $0 |
Kimberly Jones Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,137,972 |
| Investment income | $102 |
| 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 | $43,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,276,202 |
| 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. | $155,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,664 |
| Payroll taxes | $48,820 |
| 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 | $7,025 |
| Royalties | $0 |
| Occupancy | $68,794 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,820 |
| Insurance | $0 |
| All other expenses | $69,877 |
| Total functional expenses | $1,204,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,849 |
| Savings and temporary cash investments | $200,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,275 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,378,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,757,213 |
| Accounts payable and accrued expenses | $19,359 |
| 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 | $1,044,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,038 |
| Total liabilities | $1,076,938 |
| 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 | -$42,212 |
| Total liabilities and net assets/fund balances | $1,757,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Texas Section Austin, TX | $7,818,554 | $8,049,451 |
Intermountain Tennis Association Denver, CO | $978,629 | $2,953,700 |
United States Tennis Association Missouri Valley Section Prairie Village, KS | $1,685,977 | $2,908,878 |
Colorado Tennis Association Denver, CO | $1,001,755 | $2,210,435 |
Bush Tennis Center Midland, TX | $9,369,349 | $1,319,595 |
United States Table Tennis Association Colorado Springs, CO | $717,492 | $1,875,586 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
Village Tennis Riding And Swim Club Inc Cherry Hills Village, CO | $5,176,377 | $2,213,617 |
United States Racquetball Association Colorado Springs, CO | $605,679 | $1,181,471 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Denver Tennis Club Denver, CO | $1,863,502 | $1,051,082 |
Dallas Tennis Association Addison, TX | $872,322 | $1,029,627 |