Capital Area Tennis Association
- Assets
- $783.8k
- Revenue
- $615.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Austin, TX
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 74-2038138
Organization Overview
Capital Area Tennis Association is located in Austin, TX. The organization was established in 1979. 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 12/2021, Capital Area Tennis Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Area 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, Capital Area Tennis Association generated $615.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $516.0k during the year ending 12/2021. While expenses have increased by 4.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPONSOR ADULT AND JUNIOR TENNIS TOURNAMENTS, ADMINISTER TENNIS LEAGUES ON A LOCAL LEVEL AND HELP DESERVING YOUTH WITH SMALL GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENT EXPENSES - CATA SPONSORS ADULT AND JUNIOR TENNIS TOURNAMENTS THROUGHOUT THE YEAR, FOSTERING NATIONAL TENNIS COMPETITION.
LEAGUE EXPENSES - CATA ADMINISTERS SEVERAL LEAGUES ON A LOCAL LEVEL. WINNERS GO ON TO REGIONAL AND NATIONAL COMPETITIONS.
JUNIOR PROGRAMS - CATA SPONSORS JUNIOR TENNIS TOURNAMENTS THROUGHOUT THE YEAR, FOSTERING NATIONAL TENNIS COMPETITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Velasco Executive Di | Officer | 40 | $73,711 |
Karen Brooks Secretary | Officer | 1 | $0 |
Grant Chambers Vice Preside | Officer | 1 | $0 |
Michael Mcvey President | Officer | 1 | $0 |
Tim Kiltch Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,840 |
| Total Program Service Revenue | $523,724 |
| Investment income | $9,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,883 |
| 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 | $9,711 |
| Compensation of current officers, directors, key employees. | $73,710 |
| Compensation of current officers, directors, key employees. | $36,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,869 |
| Office expenses | $14,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,856 |
| All other expenses | $16,804 |
| Total functional expenses | $516,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,242 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $508,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $783,823 |
| Accounts payable and accrued expenses | $10,257 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,257 |
| Net assets without donor restrictions | $773,566 |
| 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 | $783,823 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capital Area Tennis Association has recieved totaling $24,306.
| Awarding Organization | Amount |
|---|---|
Usta Texas Section Austin, TX PURPOSE: CB GRANT, SUMMER INTERN GRANT, MASTERS GRANT, ALC INCENTIVE, RECOVERY GRANT | $24,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Texas Section Austin, TX | $7,818,554 | $8,049,451 |
Bush Tennis Center Midland, TX | $9,369,349 | $1,319,595 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
Louisiana Tennis Association Inc Baton Rouge, LA | $1,512,567 | $1,221,450 |
Arkansas Tennis Association Inc Little Rock, AR | $1,435,686 | $1,024,930 |
Dallas Tennis Association Addison, TX | $872,322 | $1,029,627 |
Tulsa Tennis Club Tulsa, OK | $1,931,685 | $717,279 |
Tennis Club Of Albuquerque Inc Albuquerque, NM | $540,300 | $617,425 |
First Serve Okc Foundation Oklahoma City, OK | $224,307 | $410,261 |
Houston Tennis Association Inc Houston, TX | $747,548 | $741,420 |
Capital Area Tennis Association Austin, TX | $783,823 | $615,883 |
San Antonio Tennis Association Inc San Antonio, TX | $528,051 | $504,537 |