Friends Of Miami Tennis Inc
- Assets
- $24.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Pinecrest, FL
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 75-3237942
Organization Overview
Friends Of Miami Tennis Inc is located in Pinecrest, FL. The organization was established in 2008. 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 12/2023, Friends Of Miami Tennis Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Miami Tennis Inc 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 12/2023, Friends Of Miami Tennis Inc generated $167.3k 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 (8.3%) each year. All expenses for the organization totaled $231.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
UNTIL THE END OF 2017, OPERATED THREE TENNIS PARK FACILITIES; TWO FOR MIAMI-DADE COUNTY AND ONE FOR THE CITY OF HOMESTEAD. AT THE END OF 2017 THE HOMESTEAD FACILITY WAS CLOSED, ANOTHER PARK WAS TO BE OPENED IN 2019 BUT COVID RELATED ISSUES CAUSED THE PROJECT TO BE ABANDONED. COSTS INCLUDE RENT AND ALL COSTS OF OPERATING FACILITIES INCLUDING TENNIS INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Boiko Pres. & Treas. | 12 | $0 | |
Dennis Albaijes Director | 0.5 | $0 | |
Donna Tollefson Director | 0.5 | $0 | |
Wendy Boiko Director, Sec'y | 1.5 | $0 | |
Carolyn Gibson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $167,269 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $167,285 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $158,144 |
| Professional fees and other payments to independent contractors | $30,874 |
| Occupancy, rent, utilities, and maintenance | $13,035 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,425 |
| Total expenses | $231,478 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,871 |
| Other assets | $0 |
| Total assets | $24,871 |
| Total liabilities | $20,000 |
| Net assets or fund balances | $4,871 |