Palos Verdes Tennis Foundation

Organization Overview

Palos Verdes Tennis Foundation is located in Palos Verdes Estates, CA. The organization was established in 1965. 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 12/2023, Palos Verdes Tennis Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Verdes Tennis Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, Palos Verdes Tennis Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE TENNIS FACILITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

COST OF MAINTAINING FACILITIES FOR USE BY ALL MEMBERS FOR RECREATIONAL AND TOURNAMENT TENNIS


COST OF JUNIOR PROGRAM FOR THE BENEFIT OF LOCAL YOUTH


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Board, Officers & Key Employees

Name (title)Compensation
Randi Young
Chairman
$0
Jim Flick
President
$0
Anthony Choe
Chairman
$0
John Durnell
Chairman
$0
David Wong
Chairman
$0
Scott Dahle
Chairman
$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$2,053,811
Investment income $9,000
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 $2,062,811

Peer Organizations

Organization NameAssets
Usta-Pacific Northwest Section
Beaverton, OR
$7,064,482
Marty Hennessy Inspiring Children Foundation
Las Vegas, NV
$11,246,718
Beverly Hills Tennis Club Inc
Beverly Hills, CA
$3,075,006
Berkeley Tennis Club
Berkeley, CA
$2,580,285
Belvedere Tennis Club
Tiburon, CA
$1,804,178
Rancho Bernardo Swim & Tennis Club
San Diego, CA
$2,104,819
Palos Verdes Tennis Foundation
Palos Verdes Estates, CA
$2,062,811
Marin Tennis Club
San Rafael, CA
$1,729,947
East Palo Alto Tennis And Tutoring
Palo Alto, CA
$1,976,376
Mill Valley Tennis Club
Mill Valley, CA
$1,383,787
Bay Badminton Training Academy
Dublin, CA
$1,187,237
Saddlebrooke Pickleball Association
Tucson, AZ
$469,910
Moraga Valley Swim & Tennis Club
Orinda, CA
$1,321,978
Bk Tennis Enterprises Inc
San Diego, CA
$1,127,590
Park Terrace Swimming & Tennis Club
Sacramento, CA
$1,051,372
Portland Tennis And Education
Portland, OR
$1,086,529
Youth League Tennis
Woodland Hills, CA
$926,754
Sutter Lawn Tennis Club Of Sacramento
Sacramento, CA
$784,680
Swim Torrance
Torrance, CA
$854,771
Eichler Swim & Tennis Club
Palo Alto, CA
$780,937
Peninsula Tennis Club
Burlingame, CA
$625,636
Nevada Tennis Association
Las Vegas, NV
$764,984
Balboa Tennis Club
San Diego, CA
$638,118
Hillsboro Swim Team
Hillsboro, OR
$580,899
Youth Tennis Advantage
San Francisco, CA
$791,106

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