Palm Beach Open Tennis League is located in Lake Worth, FL. The organization was established in 2019. 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. Palm Beach Open Tennis League 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, Palm Beach Open Tennis League generated $10.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sanford Frank Director Commissioner | 10 | $0 | |
Mark Gerstenfeld Director Director | 10 | $0 | |
Mike Kornblatt Director Director | 10 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $10,750 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $10,750 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $5,161 |
Total operating and administrative expenses | $5,161 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $5,161 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,802 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $26,802 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
Vanity Fair Golf & Tennis Club Inc Monroeville, AL | $974,182 | $462,271 |