Youth Tennis Foundation Of Utah
- Assets
- $714.9k
- Revenue
- $30.4k
- Investments
- $689.7k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1953
- Data as of
- 12/2023
- EIN
- 87-6121880
Organization Overview
Youth Tennis Foundation Of Utah is located in Salt Lake City, UT. The organization was established in 1953. 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. Youth Tennis Foundation Of Utah 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, Youth Tennis Foundation Of Utah generated $30.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $46.1k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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.
Since 2014, Youth Tennis Foundation Of Utah has awarded 36 individual grants totaling $278,601. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin R Mcginn Trustee | 10 | $0 | |
Christopher Rich Trustee | 5 | $0 | |
Jane Hinckley Trustee | 5 | $0 | |
Jennifer Hinckley Soulier Trustee | 5 | $0 | |
Charles C Rich Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500 |
| Interest on Savings | $1,686 |
| Dividends & Interest | $24,193 |
| 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 | $30,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,589 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $46,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,202 |
| 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 | $23,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $714,944 |
| 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 | -$28,562 |
| Total liabilities | -$28,562 |
Grants Awarded
Over the last fiscal year, Youth Tennis Foundation Of Utah has awarded $37,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NO POOR AMONG US PURPOSE: BETTER LIFLE FOR WOMEN AND GIRLS | $0 |
CRIMSON CLUB PURPOSE: TENNIS INSTRUCTION & COURT MAIN. | $24,500 |
COACH MIKE'S FRIENDS OF PUBLIC TENNIS PURPOSE: TENNIS DEVELOPENT | $10,000 |
UTAH FOOD BANK PURPOSE: FIGHT HUNGER | $0 |
TENNIS AND TUTORING PROGRAM PURPOSE: TENNIS TUTORING | $3,000 |
LIBERTAS INTERNATIONAL PURPOSE: FIGHT SEX TRAFFICKING | $0 |