Totals
- Total revenue
- $114,033,569
- Total expenses
- $110,266,094
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $105,200,197
- Investment income
- $3,391,468
- Other revenue
- $5,441,904
- Total assets, end of year
- $114,251,888
- Total liabilities, end of year
- $140,256,768
- Net assets or fund balances, end of year
- -$26,004,880
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEDIA RIGHTS
total $51,344,621 · related or exempt $51,344,621
-
2b · Program service revenue: SPONSORSHIPS
total $39,588,690 · related or exempt $39,588,690
-
2c · Program service revenue: TOUR OPERATIONS FEES
total $13,657,449 · related or exempt $13,657,449
-
2d · Program service revenue: PLAYERS FEES
total $484,437 · related or exempt $484,437
-
2e · Program service revenue: TOURNAMENT MEMBERSHIP SALES/FEES
total $125,000 · related or exempt $125,000
-
3 · Investment income
total $3,465,405 · excluded $3,465,405
-
7b · Less cost or other basis and sales expenses
securities $73,937
-
7c · Gain or loss
securities -$73,937
-
7d · Net gain or loss
total -$73,937 · excluded -$73,937
-
11a · Other revenue: LEGAL SETTLEMENT INCOME
total $2,641,130 · excluded $2,641,130
-
11b · Other revenue: OTHER INCOME - CARES ACT
total $1,431,589 · excluded $1,431,589
-
11c · Other revenue: GRAND SLAM FEES
total $649,652 · related or exempt $649,652
-
11d · All other revenue
total $719,533 · unrelated business $481,268 · excluded $238,265
-
11e · Other revenue, total
$5,441,904
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,573,844
-
5 · Compensation of officers, directors and key employees
total $5,209,123
-
7 · Other salaries and wages
total $9,324,323
-
8 · Pension plan contributions
total $111,397
-
9 · Other employee benefits
total $1,082,591
-
10 · Payroll taxes
total $993,204
-
11b · Fees: legal
total $5,660,947
-
11c · Fees: accounting
total $557,738
-
11g · Fees: other
total $5,824,479
-
12 · Advertising and promotion
total $1,161,110
-
13 · Office expenses
total $757,262
-
16 · Occupancy
total $615,042
-
17 · Travel
total $2,270,618
-
19 · Conferences, conventions and meetings
total $450,021
-
20 · Interest
total $47,743
-
22 · Depreciation, depletion and amortization
total $1,113,291
-
23 · Insurance
total $766,357
-
24a · Other expenses: SPONSOR EXPENSES
total $34,282,890
-
24b · Other expenses: MEDIA RIGHTS
total $25,249,184
-
24c · Other expenses: TOURNAMENT EXPENSES
total $7,187,095
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $898,223
-
24e · All other expenses
total $3,129,612
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,177,119 · end of year $13,460,165
-
4 · Accounts receivable
beginning of year $3,978,810 · end of year $1,653,829
-
9 · Prepaid expenses and deferred charges
beginning of year $1,237,838 · end of year $2,127,545
-
10a · Land, buildings and equipment: cost or other basis
$6,380,273
-
10b · Land, buildings and equipment: accumulated depreciation
$2,645,631
-
10c · Land, buildings and equipment, net
beginning of year $2,727,677 · end of year $3,734,642
-
11 · Investments: publicly traded securities
beginning of year $63,389,432 · end of year $77,389,023
-
15 · Other assets
beginning of year $12,480,236 · end of year $15,886,684
-
17 · Accounts payable and accrued expenses
beginning of year $9,795,397 · end of year $16,134,024
-
19 · Deferred revenue
beginning of year $61,950,798 · end of year $92,225,694
-
25 · Other liabilities
beginning of year $43,232,383 · end of year $31,897,050
-
27 · Net assets without donor restrictions
beginning of year -$23,987,466 · end of year -$26,004,880
Mission and programs · 2022
Mission
WTA TOUR, INC. ORGANIZES, SANCTIONS, ADMINISTERS, GOVERNS AND PROMOTES A SERIES OF WOMEN'S PROFESSIONAL TENNIS TOURNAMENTS WORLDWIDE FOR THE COMMON BENEFIT OF ITS MEMBERS, INCLUDING CURRENT PROFESSIONAL WOMEN TENNIS PLAYERS, PARTICIPATING TOURNAMENTS THAT HAVE RECEIVED A SANCTION, AND THE INTERNATIONAL TENNIS FEDERATION REPRESENTING ITS MEMBER NATIONAL TENNIS ASSOCIATIONS.
Activities or mission (Part I)
TO PROMOTE THE GROWTH AND RECOGNITION OF WOMEN'S TENNIS WORLDWIDE.
-
SPONSORSHIPS - THE WTA HAS VARIOUS SPONSORSHIP AGREEMENTS THATPROVIDE FOR ANNUAL FEES. THE WTA HAS CERTAIN OBLIGATIONS UNDERTHESE AGREEMENTS AND HAVE BEEN GRANTED CERTAIN RIGHTS BY THETOURNAMENT CLASS MEMBERS AND PLAYER CLASS MEMBERS AS REQUIRED BYTHESE SPONSORS UNDER THESE AGREEMENTS.
-
TOUR OPERATIONS FEES- REPRESENTS FEES TO THE WTA TOUR TOORGANIZE, ADMINISTER AND GOVERN THE ANNUAL TOUR AS WELL AS FUNDCERTAIN PROGRAM SERVICES EXPENSES.
-
TELEVISION BROADCASTING AND DATA - THE WTA HAS MEDIA RIGHTS AGREEMENTS FOR THE BROADCAST OF CERTAIN TOURNAMENT MATCHES AND LICENSE OF MATCH DATA. THE WTA HAS BEEN GRANTED CERTAIN RIGHTS AS REQUIRED BY THE MEDIA RIGHTS AGREEMENTS FROM TOURNAMENT CLASS MEMBERS AND LICENSED EVENTS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Steve SimonSTEVE SIMON
CHAIRMAN AND CEO
- Total calculated
- $1,374,656
- From this org
- $1,357,973
- From related orgs
- $0
- Other
- $16,683
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,345,253
- Bonus
- $0
- Other
- $12,720
- Deferred
- $0
- Nontaxable benefits
- $16,683
- Filer's total
- $1,374,656
-
Adam BarrettADAM BARRETT
TOURNAMENT CLASS DIRECTOR
- Total calculated
- $110,000
- From this org
- $110,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Gavin ZivGAVIN ZIV
TOURNAMENT CLASS DIRECTOR
- Total calculated
- $50,000
- From this org
- $50,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Peter Michael ReichelPETER MICHAEL REICHEL
TOURNAMENT CLASS DIRECTOR
- Total calculated
- $50,000
- From this org
- $50,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Cameron Pearson As Of 92022CAMERON PEARSON AS OF 92022
TOURNAMENT CLASS DIRECTOR
- Total calculated
- $25,000
- From this org
- $25,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Alastair Garland Thru 82022ALASTAIR GARLAND THRU 82022
TOURNAMENT CLASS DIRECTOR
- Total calculated
- $25,000
- From this org
- $25,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Anja VregANJA VREG
PLAYER CLASS DIRECTOR
- Total calculated
- $75,667
- From this org
- $0
- From related orgs
- $75,667
- Other
- $0
- Hours/week
- 5
-
Vanessa WebbVANESSA WEBB
PLAYER CLASS DIRECTOR
- Total calculated
- $104,167
- From this org
- $0
- From related orgs
- $104,167
- Other
- $0
- Hours/week
- 5 + 5 related
-
Brandon BurkeBRANDON BURKE
PLAYER CLASS DIRECTOR (ALT
- Total calculated
- $77,167
- From this org
- $0
- From related orgs
- $77,167
- Other
- $0
- Hours/week
- 5
-
Kristie AhnKRISTIE AHN
PLAYER CLASS DIRECTOR
- Total calculated
- $79,167
- From this org
- $0
- From related orgs
- $79,167
- Other
- $0
- Hours/week
- 5
-
David HaggertyDAVID HAGGERTY
FEDERATION CLASS DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Kris DentKRIS DENT
FEDERATION CLASS DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Johanna LawlerJOHANNA LAWLER
PRESIDENT
- Total calculated
- $1,255,453
- From this org
- $1,204,718
- From related orgs
- $0
- Other
- $50,735
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,195,998
- Bonus
- $0
- Other
- $8,720
- Deferred
- $17,500
- Nontaxable benefits
- $33,235
- Filer's total
- $1,255,453
-
Matthew CenedellaMATTHEW CENEDELLA
COO AND TREASURER
- Total calculated
- $646,293
- From this org
- $633,702
- From related orgs
- $0
- Other
- $12,591
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $631,109
- Bonus
- $0
- Other
- $2,593
- Deferred
- $0
- Nontaxable benefits
- $12,591
- Filer's total
- $646,293
-
Courtney McBrideCOURTNEY MCBRIDE
CORPORATE SECRETARY
- Total calculated
- $247,533
- From this org
- $224,842
- From related orgs
- $0
- Other
- $22,691
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,122
- Bonus
- $0
- Other
- $720
- Deferred
- $0
- Nontaxable benefits
- $22,691
- Filer's total
- $247,533
-
Fabrice ChouquetFABRICE CHOUQUET
MANAGING DIRECTOR - ASIA P
- Total calculated
- $627,367
- From this org
- $323,007
- From related orgs
- $278,965
- Other
- $25,395
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $322,707 + $278,965 related
- Bonus
- $0
- Other
- $300
- Deferred
- $0
- Nontaxable benefits
- $7,564 + $17,831 related
- Filer's total
- $330,571 + $296,796 related
-
Melissa PineMELISSA PINE
VICE PRESIDENT
- Total calculated
- $309,861
- From this org
- $302,590
- From related orgs
- $0
- Other
- $7,271
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $301,870
- Bonus
- $0
- Other
- $720
- Deferred
- $0
- Nontaxable benefits
- $7,271
- Filer's total
- $309,861
-
Joan PennelloJOAN PENNELLO
SR VICE PRESIDENT
- Total calculated
- $244,668
- From this org
- $230,824
- From related orgs
- $0
- Other
- $13,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,104
- Bonus
- $0
- Other
- $720
- Deferred
- $0
- Nontaxable benefits
- $13,844
- Filer's total
- $244,668
-
Kathleen StroiaKATHLEEN STROIA
SR VICE PRESIDENT
- Total calculated
- $274,724
- From this org
- $267,255
- From related orgs
- $0
- Other
- $7,469
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,535
- Bonus
- $0
- Other
- $720
- Deferred
- $0
- Nontaxable benefits
- $7,469
- Filer's total
- $274,724
-
David PalanzoDAVID PALANZO
SR VICE PRESIDENT
- Total calculated
- $247,533
- From this org
- $224,842
- From related orgs
- $0
- Other
- $22,691
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,122
- Bonus
- $0
- Other
- $720
- Deferred
- $0
- Nontaxable benefits
- $22,691
- Filer's total
- $247,533
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: JOHANNA LAWLER THE VALUE OF THE BENEFIT IS INCLUDED IN INCOME.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
WOMEN'S TENNIS BENEFIT ASSOCIATION INC
501(C)(6) · SPORTS AFFIL. · MA
-
501(C)(3) · CHARITY · FL · controlled entity
Directly controlled by WTA TOUR INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WTA VENTURES LLC
SPECTATOR SPORTS · FL · income $0 · assets $0
Directly controlled by WTA TOUR INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
WTA TOUR (HONG KONG) LIMITED - FOREIGN
C · SPECTATOR SPORTS · HK · 100% owned · share of income -$59,929 · share of assets $236,553 · controlled entity
Directly controlled by WTA TOUR
-
BEIJING WTA TOUR CONSULTING CO LTD - FOREIGN
C · SPORTS CONSULTING · CH · 100% owned · share of income -$2,479,132 · share of assets $5,495,914 · controlled entity
Directly controlled by WTA HONG KONG
-
SHENZHEN WTA TOUR CONSULTING CO LTD - FOREIGN
C · SPORTS CONSULTING · CH · 100% owned · share of income -$33,942 · share of assets $116,399 · controlled entity
Directly controlled by WTA HONG KONG
-
WTA TOUR (UK) LIMITED
C · SPECTATOR SPORTS · UK · 100% owned · controlled entity
Directly controlled by WTA TOUR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349314265
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