Form 990 for tax year 2023
Filed by CAPITAL REGION YOUTH TENNIS FOUNDATION INC.
Totals
- Total revenue
- $764,547
- Total expenses
- $518,630
- Contributions and grants received
- $368,126
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $257,044
- Other revenue
- $139,377
- Total assets, end of year
- $2,520,532
- Total liabilities, end of year
- $15,824
- Net assets or fund balances, end of year
- $2,504,708
- Program services expenses (Part IX)
- $440,089
- Management and general expenses
- $70,278
- Fundraising expenses
- $8,263
- Program service expenses (Part III)
- $440,089
Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$368,126
-
3 · Investment income
total $263,004 · related or exempt $263,004
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $5,960
-
7c · Gain or loss
other assets -$5,960
-
7d · Net gain or loss
total -$5,960 · related or exempt -$5,960
-
8a · Fundraising events: gross income
$165,622
-
8b · Fundraising events: direct expenses
$26,245
-
8c · Net income from fundraising events
total $139,377
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $86,457 · program services $69,238 · management and general $15,562 · fundraising $1,657
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $230,235 · program services $215,973 · management and general $11,192 · fundraising $3,070
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $20,025 · management and general $20,025
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $12,052 · management and general $12,052
-
11g · Fees: other
total $3,293 · management and general $3,293
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $3,825 · program services $3,425 · management and general $343 · fundraising $57
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,253 · program services $2,253
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $17,069 · program services $14,722 · management and general $1,920 · fundraising $427
-
23 · Insurance
total $19,480 · program services $16,687 · management and general $2,516 · fundraising $277
-
24a · Other expenses: COURT TIME
total $48,653 · program services $48,653
-
24b · Other expenses: SCHOLARSHIPS
total $19,500 · program services $19,500
-
24c · Other expenses: UNIFORMS AND TENNIS SUPPLIES
total $10,185 · program services $10,185
-
24d · Other expenses: COMPUTER EXPENSES
total $9,421 · program services $8,484 · management and general $796 · fundraising $141
-
24e · All other expenses
total $36,182 · program services $30,969 · management and general $2,579 · fundraising $2,634
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $305,388 · end of year $266,759
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $13,056 · end of year $16,119
-
10a · Land, buildings and equipment: cost or other basis
$599,734
-
10b · Land, buildings and equipment: accumulated depreciation
$222,139
-
10c · Land, buildings and equipment, net
beginning of year $352,739 · end of year $377,595
-
11 · Investments: publicly traded securities
beginning of year $1,609,159 · end of year $1,860,059
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $21,551 · end of year $15,824
-
27 · Net assets without donor restrictions
beginning of year $2,251,715 · end of year $2,499,508
-
28 · Net assets with donor restrictions
beginning of year $7,076 · end of year $5,200
Mission and programs · 2023
Mission
The Organization is devoted to the improvement and enrichment of the lives of inner city youths through the use of tennis.
-
Through free organized tennis instruction and off court counseling, 15 LOVE works with children in a loving, caring way on a variety of important issues. The program promotes education, emphasizes good health (both physical and emotional), instills positive values, supports family preservation, fosters multi-cultural relationships, advocates good sportsmanship, and encourages community service. The program operates on a year-round basis, serving youth throughout the Capital Region at indoor locations during the fall and winter months and outdoor locations during the summer months. Typically, over 7,000 kids participate in the program annually.15 LOVE is modeled after similar tennis programs founded by the late Arthur Ashe "to teach the game of life." The tennis great, who got his start on the public courts said: "We're involved in improving the odds for youth because we just don't have a choice. The price of not acting is too high."
Expenses $440,089
As filed on the 2023 return.
Listed in Part VII
-
AMBER MARINO
Executive Direc
- Total calculated
- $86,457
- From this org
- $86,457
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
NINO ALIVODIC
Director
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN JONES
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
INGE JACOBS
Director
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP FIELDS
Director
- Total calculated
- $0
- Hours/week
- 1
-
WENDY FOX
Director
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER GOMEZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
KHADIJAH PEEK
Director
- Total calculated
- $0
- Hours/week
- 1
-
MIKE MURRAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
MARGARET MALICKI
President
- Total calculated
- $0
- Hours/week
- 3
-
JAMES FOWLER
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
MEG MAC CLARENCE
Director
- Total calculated
- $0
- Hours/week
- 1
-
JOHN NIGRO
Director
- Total calculated
- $0
- Hours/week
- 1
-
FARDIN SANAI
Director
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS SCHMITZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT A SCHMITZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
HERBERT L SHULTZ JR
Director
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA DAILEY
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
RAYMOND WALKER
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402969349300705
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.