Serve Midland Inc
- Assets
- $40.1k
- Revenue
- $126.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-3771598
Organization Overview
Serve Midland Inc is located in Midland, TX. 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. Serve Midland 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 12/2023, Serve Midland Inc generated $126.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $116.9k during the year ending 12/2023. While expenses have increased by 37.6% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE MIDLAND CONDUCTS A CHARITY TENNIS TOURNAMENT THAT HOSTS BOTH MEN AND WOMEN TENNIS TEAMS FROM ALL RATINGS TO PARTICIPATE IN A TWO-DAY EVENT. THE PLAYERS TOURNAMENT IS THEN FOLLOWED ON THE SECOND DAY WITH AN EXHIBITION MATCH FROM TENNIS PROFESSIONALS AND AN EVENING CELEBRATION FOR SPONSORS, PLAYERS, AND ATTENDEES. SPONSORSHIPS/TEAMS/AND INDIVIDUAL TICKETS ARE RAISED THROUGH THE FALL/WINTER AND THEN USED TO PUT ON THE SERVE MIDLAND EVENT IN APRIL. RAFFLES AND DONATIONS ARE ENCOURAGED TO INCREASE THE REVENUE, ALL WITH THE GOAL OF GIVING A CHOSEN NON-PROFIT BENEFICIARY A CHECK FOR THEIR ORGANIZATION AT THE EVENT. THIS IS A FUN AND EASY WAY TO PAIR THE SPIRIT OF PHILANTHROPY WITH THE GAME OF TENNIS THAT HAS BECOME INCREASINGLY MORE POPULAR IN MIDLAND. IT ALSO PROVIDES VITAL FUNDING FOR OTHER NONPROFITS THAT ARE CONSISTENTLY DOING IMPORTANT WORK AND PROVIDING SOCIAL SERVICES FOR RESIDENTS OF MIDLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A CHARITABLE GIFT TO MIDLAND EDUCATION FOUNDATION, THE LOCAL NOT-FOR-PROFIT BENEFICIARY CHOSEN IN 2023, FROM THE NET PROCEEDS RAISED DURING THE CHARITY TENNIS TOURNAMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Midkiff Director | Trustee | 1 | $0 |
Martin Ramirez Director | Trustee | 1 | $0 |
Billie Van't Hof Director | Trustee | 1 | $0 |
Megan Hohenberger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $166,500 |
| 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 | $166,500 |
| 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 | -$39,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,000 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $712 |
| Office expenses | $1,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $116,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,088 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $40,088 |
| 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 | $40,088 |