Universal Tennis Foundation
- Assets
- $108.6k
- Revenue
- $255.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2023
- EIN
- 92-0791129
Organization Overview
Universal Tennis Foundation is located in Palo Alto, CA. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Universal Tennis Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE INCREASED EDUCATION AND KNOWLEDGE OF TENNIS, MAKE THE SPORT INCLUSIVE AND ACCESSIBLE THROUGH PROGRAMS THAT SUPPORT YOUTH, UNDERSERVED COMMUNITIES, AND MAXIMIZE THE ATHLETIC POTENTIAL OF TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HURD AWARDS FOR 2023, TWO $50,000 GRANTS WERE PAID EACH TO TWO AMERICAN COLLEGIATE TENNIS PLAYERS WHO HAVE TRANSITIONED TO COMPETING INTERNATIONALLY. THESE GRANTS WILL HELP COVER TENNIS RELATED EXPENSES (COACHING, EQUIPMENT, TRAVEL, ETC). THEY WILL RECEIVE AN ADDITIONAL $50,000 EACH IN 2024.
SCHOLARS AND SCORES COUNTS! $1250 GRANTS PAID TO PUBLIC HIGH SCHOOLS FROM LOW INCOME AREAS FOR THEIR TENNIS TEAM PROGRAMS. SELECTED 26 SCHOOLS, 24 CASHED CHECKS IN 2023 FOR A TOTAL OF $30,000.
SUPPORT OF NON PROFIT INITIATIVES IN THE LARGER TENNIS COMMUNITY. DONATIONS TO EPATT ($500), PHIT AMERICAN FOUNDATION TENNIS INITIATIVE ($250), ACING AUTISM FOUNDATION ($250), CHALLENGED ATHLETES WHEELCHAIR TENNIS ($500) AND YOUTH TENNIS ADVANTAGE ($250).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darcy Leschly President | Officer | 5 | $0 |
Paula Hurd Chairperson | Officer | 0.5 | $0 |
Kerry Kenny Treasurer | Officer | 0.5 | $0 |
Lynda Glassel Secretary | Officer | 0.5 | $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 | $255,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,540 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,500 |
| Grants and other assistance to domestic individuals. | $200,000 |
| 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 | $4,289 |
| Fees for services: Accounting | $2,250 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,608 |
| 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 | $1,557 |
| All other expenses | $0 |
| Total functional expenses | $246,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,629 |
| 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 | $108,629 |
| Accounts payable and accrued expenses | $100,000 |
| 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 | $100,000 |
| Net assets without donor restrictions | $0 |
| 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 | $8,629 |
| Total liabilities and net assets/fund balances | $108,629 |