Beverly Hills Tennis Club Inc is located in Beverly Hills, CA. The organization was established in 1941. 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 04/2024, Beverly Hills Tennis Club Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Hills Tennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2024, Beverly Hills Tennis Club Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.8m during the year ending 04/2024. While expenses have increased by 2.6% per year over the past 5 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
TO OPERATE AS A SOCIAL AND RECREATIONAL ORGANIZATION THROUGH THE PROVISION AND MAINTENANCE OF TENNIS AND OTHER SPORTS FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SOCIAL AND RECREATIONAL ORGANIZATION THROUGH THE PROVISION, MANTAINANCE, AND MANAGEMENT OF TENNIS AND OTHER RECREATIONAL FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bayard Judd General Manager | 40 | $126,245 | |
Julia Yarmolovych F&b Manager | 40 | $123,710 | |
Dr Joe Sugerman President | Trustee | 2 | $0 |
Aaron Abrams Director | Trustee | 2 | $0 |
Cindy Fields Director | Trustee | 2 | $0 |
Bob Hadl Director | Trustee | 2 | $0 |
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 | $2,357,665 |
Investment income | $29,626 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $7,675 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$220 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $680,260 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,075,006 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,427,096 |
Pension plan accruals and contributions | $53,298 |
Other employee benefits | $446,073 |
Payroll taxes | $124,847 |
Fees for services: Management | $0 |
Fees for services: Legal | $720 |
Fees for services: Accounting | $11,700 |
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 | $159,457 |
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 | $8,325 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $56,275 |
All other expenses | $135,673 |
Total functional expenses | $2,770,764 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $447,876 |
Savings and temporary cash investments | $900 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $435,489 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $20,548 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $646,147 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $865,189 |
Total assets | $2,416,149 |
Accounts payable and accrued expenses | $31,698 |
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 | $6,715 |
Total liabilities | $38,413 |
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 | $209,190 |
Retained earnings, endowment, accumulated income, or other funds | $2,168,546 |
Total liabilities and net assets/fund balances | $2,416,149 |