Greater Newark Tennis & Education
- Assets
- $116.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-4810511
Organization Overview
Greater Newark Tennis & Education is located in Morristown, NJ. The organization was established in 2018. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Newark Tennis & Education 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, Greater Newark Tennis & Education generated $111.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $72.2k during the year ending 12/2021. While expenses have increased by 16.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OFFERS TENNIS INSTRUCTION AND ACADEMIC SUPPORT FREE OF CHARGE TO KIDS 6-18 IN THE GREATER NEWARK AREA AND TENNIS LESSONS FOR THEIR CAREGIVERS. TENNIS INSTRUCTION WAS PROVIDED TO OVER 135 CHILDREN AND THEIR FAMILIES IN 2020.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mack Director | 2 | $0 | |
Erik Sandstedt Director | 2 | $0 | |
Charles Mckenna Executive Di | 10 | $0 | |
Kelly Graves Director | 2 | $0 | |
Karen Gruenberg Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,277 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,277 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,514 |
| Professional fees and other payments to independent contractors | $7,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $250 |
| Other expenses | $11,921 |
| Total expenses | $72,185 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,069 |
| Other assets | $0 |
| Total assets | $116,069 |
| Total liabilities | $5,000 |
| Net assets or fund balances | $111,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Newark Tennis & Education has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $33,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Squash Racquets Association Inc New York, NY | $39,381,714 | $9,670,106 |
Usta Eastern Inc White Plains, NY | $5,765,024 | $4,131,199 |
Legacy Youth Tennis And Education Philadelphia, PA | $10,141,229 | $3,452,164 |
Millbrook Golf And Tennis Club Inc Millbrook, NY | $5,327,958 | $3,562,808 |
United States Tennis Association- Middle States Section Valley Forge, PA | $4,600,788 | $3,210,777 |
Tennis Club Of Rochester Inc Pittsford, NY | $3,132,804 | $2,778,170 |
City Squash Inc Bronx, NY | $6,666,385 | $3,002,008 |
Port Washington Tennis Academy Inc Port Washington, NY | $5,263,201 | $1,557,377 |
Princeton Tennis Program Princeton, NJ | $2,911,658 | $1,612,269 |
Pretty Brook Tennis Club Inc Princeton, NJ | $3,785,703 | $1,330,219 |
Seabright Lawn Tennis & Cricket Club Rumson, NJ | $4,667,786 | $1,631,708 |
Poughkeepsie Tennis Club Poughkeepsie, NY | $543,906 | $1,179,973 |