Denver Tennis Club
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Denver, CO
- Founding
- 04/1929
- Data as of
- 12/2022
- EIN
- 84-0374633
Organization Overview
Denver Tennis Club is located in Denver, CO. The organization was established in 1929. 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 12/2022, Denver Tennis Club employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Denver Tennis Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $778.2k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TENNIS, TENNIS LESSONS AND SOCIAL EVENETS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS LESSONS ARE GIVEN TO MEMBERS BY EMPLOYEES. TENNIS LADDERS, TOURNAMENTS AND OTHER SOCIAL EVENTS ARE HELD FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Watts Secretary | Trustee | 1 | $0 |
Kenny Leavitt Director | Trustee | 1 | $0 |
Lindsey Freeman Director | Trustee | 1 | $0 |
Mike Goodman Director | Trustee | 1 | $0 |
Laura James Vice President | Trustee | 1 | $0 |
John Tolva President | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,121,664 |
| Investment income | $2,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,772 |
| 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 | $209,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,446 |
| Payroll taxes | $37,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,045 |
| Office expenses | $9,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,308 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,622 |
| Insurance | $0 |
| All other expenses | $2,442 |
| Total functional expenses | $778,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $629,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,310 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,401,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,043,687 |
| Accounts payable and accrued expenses | $21,320 |
| 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 | $721,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $742,638 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $44,300 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,256,749 |
| Total liabilities and net assets/fund balances | $2,043,687 |