Cleveland Platform Tennis Foundation
- Assets
- $878.9k
- Revenue
- $222.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 83-1087653
Organization Overview
Cleveland Platform Tennis Foundation is located in Cleveland, OH. 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. Cleveland Platform Tennis Foundation 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 12/2022, Cleveland Platform Tennis Foundation generated $222.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $98.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CLEVELAND PLATFORM TENNIS FOUNDATION IS TO ADVANCE PLATFORM TENNIS GROWTH IN NE OHIO BY INCREASING PUBLIC ACCESS AND AWARENESS, TO SUPPORT LIFELONG ENGAGEMENT IN THE SPORT, AND TO PROVIDE FOR AREA YOUTH A FOCUS ON ACADEMIC SUCCESS, HEALTHY HABITS AND CHARACTER BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEVELAND PLATFORM TENNIS FOUNDATION IS RAISING FUNDS TO BUILD THE FACILITY TO SERVICE THE PUBLIC AND FULFILL OUR MISSION. CURRENTLY ALL FUNDS TO BUILD THE COURTS HAVE BEEN RAISED. MORE IS NEEDED FOR THE SCHOOL HOUSE AND THAT FUND RAISING EFFORT IS ONGOING. THE SCHOOL HOUSE WAS COMPLETED IN JUNE 2022.
FLATS PLATFORM TENNIS CENTER IS OPEN TO THE PUBLIC. INSTRUCTORS ARE PROVIDED FOR ALL TO LEARN TO PLAY PLATFORM TENNIS. THIS SPORT PROMOTES A HEALTHY LIFESTYLE BY PROVIDING EXERCISE, SOCIAL EXPERIENCES AND RECREATIONAL ACTIVITIES FOR ALL AGES AND SKILL LEVELS.
CLEVELAND PLATFORM TENNIS FOUNDATION OPENED A YOUTH PROGRAM FOR THE GREATER CLEVELAND AREA. THE AFTER SCHOOL AND SUMMER PROGRAM PROVIDES INSTRUCTION TO MIDDLE AND HIGH SCHOOL AGE STUDENTS. THE PROGRAM OFFERS HEALTHY LIFESTYLE EXPERIENCES THROUGH EXERCISE, SOCIAL INTERACTION AND RECREATIONAL ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Richardson Board Chair | Trustee | 2 | $0 |
David Bebout Board President | Trustee | 2 | $0 |
Andrew Grannis Secretary | Trustee | 2 | $0 |
Robbin Garcia Treasurer | Trustee | 2 | $0 |
Karen Nejedlik Board Member | Trustee | 2 | $0 |
Joseph Kerrigan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,882 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,849 |
| Total Program Service Revenue | $11,856 |
| 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 | $222,705 |
| 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. | $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 | $0 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,033 |
| Advertising and promotion | $5,214 |
| Office expenses | $3,968 |
| Information technology | $1,154 |
| Royalties | $0 |
| Occupancy | $28,233 |
| 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 | $10,291 |
| Depreciation, depletion, and amortization | $17,907 |
| Insurance | $4,951 |
| All other expenses | $0 |
| Total functional expenses | $98,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,992 |
| Accounts receivable, net | $5,000 |
| 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 | $2,255 |
| Net Land, buildings, and equipment | $846,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,937 |
| Accounts payable and accrued expenses | $12,992 |
| Grants payable | $0 |
| Deferred revenue | $30,165 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $103,157 |
| Net assets without donor restrictions | $775,780 |
| 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 | $878,937 |