Skip to content
Nonprofiteer
← WOMENS TENNIS BENEFIT ASSOCIATION INC

Form 990 for tax year 2022

Filed by WOMENS TENNIS BENEFIT ASSOCIATION INC.

Totals

Total revenue
$4,063,885
Total expenses
$4,309,604
Contributions and grants received
$429,750
Grants paid
$0
Program service revenue
$3,421,801
Investment income
$212,334
Other revenue
$0
Total assets, end of year
$122,155,242
Total liabilities, end of year
$113,181,192
Net assets or fund balances, end of year
$8,974,050
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$3,609,738

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.

  • 1b · Membership dues

    $429,750

  • 2a · Program service revenue: WTA TOUR MEMBERSHIP DISTRIBUTIONS

    total $3,373,393 · related or exempt $3,373,393

  • 2b · Program service revenue: MEMBERS HEALTH & DISABILITY INSUR

    total $48,408 · related or exempt $48,408

  • 3 · Investment income

    total $211,167 · excluded $211,167

  • 7a · Gross sales of assets other than inventory

    securities $1,726,320

  • 7b · Less cost or other basis and sales expenses

    securities $1,725,153

  • 7c · Gain or loss

    securities $1,167

  • 7d · Net gain or loss

    total $1,167 · excluded $1,167

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,984,992

  • 5 · Compensation of officers, directors and key employees

    total $452,835

  • 11b · Fees: legal

    total $39,795

  • 11c · Fees: accounting

    total $81,667

  • 11f · Fees: investment management

    total $25,143

  • 11g · Fees: other

    total $87,218

  • 13 · Office expenses

    total $16,692

  • 17 · Travel

    total $53,757

  • 23 · Insurance

    total $16,862

  • 24a · Other expenses: TRANSITIONS PROGRAM

    total $115,389

  • 24b · Other expenses: PENSION ADMINISTRATION

    total $107,337

  • 24c · Other expenses: WTA ASSISTANCE PROGRAM

    total $100,000

  • 24d · Other expenses: PLAYER COUNCIL COMPENSA

    total $80,000

  • 24e · All other expenses

    total $147,917

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,438,099 · end of year $2,860,539

  • 2 · Savings and temporary cash investments

    beginning of year $236,403 · end of year $94,818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,089 · end of year $131,506

  • 11 · Investments: publicly traded securities

    beginning of year $142,658,727 · end of year $118,212,722

  • 15 · Other assets

    beginning of year $1,000,146 · end of year $855,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,041,285 · end of year $3,047,351

  • 19 · Deferred revenue

    beginning of year $219,150 · end of year $232,850

  • 25 · Other liabilities

    beginning of year $130,979,318 · end of year $109,900,991

  • 27 · Net assets without donor restrictions

    beginning of year $10,544,413 · end of year $8,452,301

  • 28 · Net assets with donor restrictions

    beginning of year $564,298 · end of year $521,749

Mission and programs · 2022

Mission

TO PROMOTE AND PROTECT THE COMMON INTERESTS OF ALL WOMEN TENNIS PROFESSIONALS AND TO UNITE THEM IN A SINCERE REPRESENTATIVE ORGANIZATION.

  • TO ADMINISTER AND MANAGE THE RETIREMENT PLAN INVESTMENTS, HEALTH BENEFITS, AND OTHER ASSETS OWNED BY OR ON BEHALF OF THE MEMBERS.

    Expenses $3,609,738 · Revenue $3,421,801

As filed on the 2022 return.

Listed in Part VII

  • Anja Vreg

    DIRECTOR

    Total calculated
    $75,667
    From this org
    $75,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Brandon Burke

    CHAIRMAN

    Total calculated
    $77,167
    From this org
    $77,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Kristie Ahn

    DIRECTOR

    Total calculated
    $79,167
    From this org
    $79,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Vanessa Webb

    TREASURER

    Total calculated
    $104,167
    From this org
    $104,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Lisa Grattan

    EXECUTIVE DIRECTOR

    Total calculated
    $116,667
    From this org
    $116,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anita Pelletier

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WTA TOUR INC

    501(C)(6) · PROMOTE THE GROWTH & RECOGNITION OF WOMEN'S TENNIS WORLDWIDE · NY

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349304457

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.