Wta Charities Inc
- Assets
- $654.5k
- Revenue
- $33.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-3707788
Organization Overview
Wta Charities Inc is located in St Petersburg, FL. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wta Charities 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, Wta Charities Inc generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $136.1k during the year ending 12/2021. 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
WTA CHARITIES, INC. IS SETTING OUT TO MAKE A POSITIVE IMPACT IN PEOPLE'S LIVES USING TENNIS AS A PLATFORM. PROMOTING, EDUCATING AND SUPPORTING HEALTHY AND ACTIVE LIVES THROUGH BOTH PHYSICAL AND MENTAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE INTERESTS OF ONE OR MORE PUBLIC CHARITIES AND FOUNDATIONS; PROVIDE ASSISTANCE TO MEMBERS OF THE GLOBAL WOMEN'S TENNIS COMMUNITY AND OTHERS IN NEED; PROMOTE EDUCATION, SPORTS, HEALTH, COMMUNITY SERVICE, EMPOWERMENT, EQUALITY, AND CARE; ASSIST AND MENTOR YOUTH THROUGH SPORT, EDUCATION, INVOLVEMENT, AND FINANCIAL SUPPORT; AND PROMOTE AND ASSIST WITH COMMUNITY-LEVEL GRASS ROOTS EFFORTS THAT ENCOURAGE AND SUPPORT OPPORTUNITY, PERSONAL ACHIEVEMENT, SELF-ESTEEM, AND RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Austin Charity Adminstrator | Officer | 2 | $0 |
Gina Giacusa Secretary | Officer | 2 | $0 |
Matthew Cendella Treasurer | Officer | 2 | $0 |
Steve Simon President | Trustee | 2 | $0 |
Bob Moran Tournament Director | Trustee | 2 | $0 |
Dianne Hayes Player Director (end Nov 2021) | Trustee | 2 | $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 | $33,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,536 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,875 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $40,000 |
| 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 | $11,563 |
| Advertising and promotion | $0 |
| Office expenses | $16,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $136,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,473 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $50,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,488 |
| Accounts payable and accrued expenses | $70,000 |
| 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 | $13,189 |
| Total liabilities | $83,189 |
| Net assets without donor restrictions | $571,299 |
| 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 | $654,488 |
Grants Awarded
Over the last fiscal year, Wta Charities Inc has awarded $388,218 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Randolph, NJ PURPOSE: GENERAL PURPOSES | $378,218 |
Kennesaw, GA PURPOSE: GENERAL PURPOSES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wta Charities Inc has recieved totaling $176,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $75,000 |
Centene Charitable Foundation St Louis, MO PURPOSE: A SALUTE TO THE ORIGINAL 9 AND GLADYS HELDMAN | $50,000 |
United States Tennis Association Inc White Plains, NY | | $50,000 |
Debrah Lee Charatan Holm Foundation New York, NY PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |