Friends Of Miami Tennis Inc
- Assets
- $94.0k
- Revenue
- $754.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Pinecrest, FL
- Founding
- 11/2008
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Friends Of Miami Tennis Inc generated $754.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $675.0k during the year ending 12/2021. While expenses have increased by 8.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GAME OF TENNIS AND AND ENHANCE THE QUALITY OF LIFE TO THE RESIDENTS OF MIAMI-DADE COUNTY, FLORIDA
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Boiko Pres. & Treas. | OfficerTrustee | 12 | $35,465 |
Dennis Albaijes Director | OfficerTrustee | 0.5 | $0 |
Donna Tollefson Director | OfficerTrustee | 0.5 | $0 |
Wendy Boiko Director, Sec'y | Trustee | 1.5 | $0 |
Carolyn Gibson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,930 |
| 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 | $62,930 |
| Total Program Service Revenue | $687,241 |
| Investment income | $2 |
| 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 | $4,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,554 |
| 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. | $35,465 |
| Compensation of current officers, directors, key employees. | $4,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,141 |
| Advertising and promotion | $5,097 |
| Office expenses | $2,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,952 |
| All other expenses | $9,961 |
| Total functional expenses | $675,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,000 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $20,000 |
| Net assets without donor restrictions | $74,000 |
| 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 | $94,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Miami Tennis Inc has recieved totaling $19,359.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $19,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Tennis Association Inc Peachtree Corners, GA | $27,075,181 | $12,482,397 |
United States Tennis Association Florida Section Inc Orlando, FL | $13,895,256 | $5,218,982 |
Royal Palm Tennis Club Inc Pinecrest, FL | $3,076,353 | $2,178,912 |
Malivai Washington Kids Foundation Inc Jacksonville, FL | $12,289,150 | $2,851,121 |
Georgia Tennis Association Inc Marietta, GA | $3,312,720 | $2,030,309 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Alabama Tennis Association Inc Hoover, AL | $3,196,851 | $1,295,553 |
Atlanta Community Tennis Association Inc Peachtree Corners, GA | $984,721 | $954,060 |
Friends Of Miami Tennis Inc Pinecrest, FL | $94,000 | $754,554 |
Columbus Regional Tennis Assoc Inc Columbus, GA | $3,128,529 | $637,732 |
Tennis Foundation Of St Petersburg Inc St Petersburg, FL | $643,769 | $607,884 |
Gainesville Area Community Tennis Association Inc Gainesville, FL | $191,464 | $462,532 |