Southwest Tennis Foundation Inc
- Assets
- $287.7k
- Revenue
- $52.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 86-0799204
Organization Overview
Southwest Tennis Foundation Inc is located in Scottsdale, AZ. The organization was established in 1995. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Tennis Foundation 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 12/2022, Southwest Tennis Foundation Inc generated $52.7k 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 (39.9%) each year. All expenses for the organization totaled $50.2k 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
TO ENRICH LIVES THROUGH TENNIS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SWTF GRANT PROGRAM IS AIMED AT PROVIDING ASSISTANCE TO ORGANIZATIONS THAT ARE PROMOTING TENNIS AND EDUCATION WITH A FOCUS ON A NEED BEING MET IN THEIR COMMUNITY. OUR PROGRAM FUNDING PROVIDES ASSISTANCE TO ADAPTIVE PLAYERS & PROGRAMS AS WELL AS PEOPLE IN UNDERSERVED AREAS. WE AIM TO HELP OTHERS THAT WOULD NOT OTHERWISE HAVE THE MEANS TO TRY OUR GREAT SPORT BY PROVIDING OPPORTUNITIES TO PLAY TENNIS AND DEVELOP IN THE SPORT. WE USE TENNIS AS A MEANS TO BRING TOGETHER, EDUCATE AND INSPIRE PEOPLE IN THOSE AREAS WHERE TENNIS IS NOT COMMONLY PLAYED.THE YOUTH FUNDING IS TO HELP OUR YOUTH IN EARLY EDUCATION AND COLLEGES REACH THEIR POTENTIAL ON AND OFF THE COURT. WE FUND A VARIETY OF PROGRAMS TO HELP MORE YOUTH PLAY TENNIS, MORE OFTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Mitchell Usta CEO | Trustee | 1 | $0 |
Deana Perrin President | OfficerTrustee | 1 | $0 |
Mark Pachtner Resigned 123122 Vice President | OfficerTrustee | 1 | $0 |
Denise Durkin Resigned 1012022 Director | Trustee | 1 | $0 |
Janette Hanson Director | Trustee | 1 | $0 |
Robert Haws Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,515 |
| Noncash contributions included in lines 1a–1f | $23,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,054 |
| Total Program Service Revenue | $0 |
| Investment income | $334 |
| 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 | $52,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,252 |
| 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 | $974 |
| Fees for services: Legal | $1,023 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,202 |
| 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 | $50,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,182 |
| 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 | $19,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,657 |
| 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 | $145,971 |
| Net assets with donor restrictions | $141,686 |
| 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 | $287,657 |