Professional Tennis Registry Foundation
- Assets
- $549.0k
- Revenue
- $17.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 03/1979
- Data as of
- 03/2022
- EIN
- 94-2549724
Organization Overview
Professional Tennis Registry Foundation is located in Hilton Head Island, SC. The organization was established in 1979. 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. Professional Tennis Registry Foundation 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 03/2022, Professional Tennis Registry Foundation generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $34.3k during the year ending 03/2022. 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
USING THE SPORT OF TENNIS TO IMPROVE THE LIVES OF CHILDREN, TEENS AND ADULTS. THE MISSION IS TO MAKE TENNIS AVAILABLE FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED GRANTS FOR TENNIS INSTRUCTION, TRAINING, TENNIS EQUIPMENT AND EDUCATIONAL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Barth Board Member | Trustee | 1 | $0 |
Ajay Pant Board Member | Trustee | 1 | $0 |
Kristen Campbell Legal Council | Trustee | 1 | $0 |
Lucy Garvin Board Member | Trustee | 1 | $0 |
Jack Barker Sec/treasurer | Trustee | 1 | $0 |
Jim Loehr Board Membetr | Trustee | 1 | $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 | $4,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,487 |
| Total Program Service Revenue | $0 |
| Investment income | $13,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,366 |
| Grants and other assistance to domestic individuals. | $5,773 |
| 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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,432 |
| Fees for services: Other | $0 |
| Advertising and promotion | $99 |
| Office expenses | $0 |
| 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 | $987 |
| All other expenses | $0 |
| Total functional expenses | $34,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,622 |
| Savings and temporary cash investments | $30,944 |
| 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 | $493,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,962 |
| 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 | $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 | $0 |
| Total liabilities and net assets/fund balances | $548,962 |
Grants Awarded
Over the last fiscal year, Professional Tennis Registry Foundation has awarded $79,330 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Hilton Head Island, SC PURPOSE: Wheelchair Tennis | $10,605 |
Hilton Head Island, SC PURPOSE: Wheelchair Tennis | $10,605 |
Whitehall, MI PURPOSE: Program Support | $10,460 |
Whitehall, MI PURPOSE: Program Support | $10,460 |
Sweet Briar, VA PURPOSE: Flood Relief | $9,600 |
Sweet Briar, VA PURPOSE: Flood Relief | $9,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Professional Tennis Registry Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Professional Tennis Registry Inc Hilton Head Island, SC | $6,269,528 | $3,800,991 |
Georgia Tennis Association Inc Marietta, GA | $3,312,720 | $2,030,309 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Atlanta Community Tennis Association Inc Peachtree Corners, GA | $984,721 | $954,060 |
Yonahlossee Racquet Club Inc Boone, NC | $855,205 | $589,388 |
Columbus Regional Tennis Assoc Inc Columbus, GA | $3,128,529 | $637,732 |
Northside Youth Lacrosse Atlanta, GA | $245,689 | $471,981 |
Creekside Tennis & Swim Mount Pleasant, SC | $1,085,338 | $443,714 |
Mach Academy Inc Augusta, GA | $476,756 | $407,796 |
Peachtree Station Swim And Tennis Club Inc Norcross, GA | $1,647,355 | $265,088 |