Berkeley Tennis Club
- Assets
- $3.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Berkeley, CA
- Founding
- 05/1945
- Data as of
- 05/2024
- EIN
- 94-0319950
Organization Overview
Berkeley Tennis Club is located in Berkeley, CA. The organization was established in 1945. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2024, Berkeley Tennis Club employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkeley Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Berkeley Tennis Club generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.5m during the year ending 05/2024. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO THE PROMOTION OFTENNIS FOR ITS MEMBERS AS WELL AS THE TENNIS COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Curry General Manager | Officer | 40 | $212,035 |
Cathy Lyon Controller | 40 | $134,641 | |
Peter Benko Tennis Pro | 40 | $120,737 | |
Cagatay Soke Tennis Pro | 40 | $104,486 | |
Carrie Portis President | OfficerTrustee | 9 | $0 |
Anthony Petru Vice President | OfficerTrustee | 9 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,382,186 |
| Investment income | $15,160 |
| 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 | $47,334 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,580,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $223,656 |
| Compensation of current officers, directors, key employees. | $223,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $876,938 |
| Pension plan accruals and contributions | $12,278 |
| Other employee benefits | $75,147 |
| Payroll taxes | $90,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,155 |
| Advertising and promotion | $0 |
| Office expenses | $41,314 |
| 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 | $12,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,000 |
| Insurance | $136,955 |
| All other expenses | $294,806 |
| Total functional expenses | $2,533,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,019 |
| Prepaid expenses and deferred charges | $80,678 |
| Net Land, buildings, and equipment | $2,520,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,786,547 |
| Accounts payable and accrued expenses | $143,228 |
| Grants payable | $0 |
| Deferred revenue | $167,413 |
| 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 | $291,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $601,831 |
| Net assets without donor restrictions | $3,165,280 |
| Net assets with donor restrictions | $19,436 |
| 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 | $3,786,547 |