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Nonprofiteer
← OLD TENNIS CLUB INC

Form 990 for tax year 2024

Filed by OLD TENNIS CLUB INC.

Totals

Total revenue
$29,121
Total expenses
$29,121
Contributions and grants received
$29,121
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$759,671
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$759,671
Program services expenses (Part IX)
$0
Management and general expenses
$29,121
Fundraising expenses
$0
Program service expenses (Part III)
$29,121

Program services were 0.0% 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.

  • 1d · Related organizations

    $29,121

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: OIL

    total $12,866 · management and general $12,866

  • 24b · Other expenses: ELECTRIC

    total $11,912 · management and general $11,912

  • 24c · Other expenses: WATER

    total $4,343 · management and general $4,343

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $1,432,952

  • 10b · Land, buildings and equipment: accumulated depreciation

    $673,281

  • 10c · Land, buildings and equipment, net

    beginning of year $759,671 · end of year $759,671

  • 29 · Capital stock, trust principal or current funds

    beginning of year $331,950 · end of year $331,950

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $715,008 · end of year $715,008

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$287,287 · end of year -$287,287

Mission and programs · 2024

Mission

SUPPORT LONG ISLAND UNIVERSITY ("LIU") DIRECTLY AND ESTABLISH AND MAINTAIN TENNIS FACILITIES FOR THE PURSUIT OF SPORTS AND RELATED ACTIVITIES CONSISTENT WITH THE EDUCATIONAL MISSION OF LIU. SEE SCHEDULE O.

Activities or mission (Part I)

SUPPORT LONG ISLAND UNIVERSITY DIRECTLY AND ESTABLISH AND MAINTAIN TENNIS FACILITIES. FOR THE PURSUIT OF SPORTS AND RELATED ACTIVITIES CONSISTENT WITH THE EDUCATIONAL MISSION OF LIU.

  • MAINTAIN TENNIS FACILITIES.

    Expenses $29,121

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Fevola

    TREASURER

    Total calculated
    $601,471
    From this org
    $0
    From related orgs
    $490,703
    Other
    $110,768
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,936 related
    Bonus
    $0
    Other
    $0 + $767 related
    Deferred
    $0 + $57,950 related
    Nontaxable benefits
    $0 + $52,818 related
    Filer's total
    $0 + $601,471 related

  • Joseph Schaefer

    PRESIDENT

    Total calculated
    $579,009
    From this org
    $0
    From related orgs
    $461,665
    Other
    $117,344
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $445,590 related
    Bonus
    $0
    Other
    $0 + $16,075 related
    Deferred
    $0 + $47,600 related
    Nontaxable benefits
    $0 + $69,744 related
    Filer's total
    $0 + $579,009 related

  • Elizabeth Cheung-Gaffney

    SECRETARY

    Total calculated
    $439,950
    From this org
    $0
    From related orgs
    $342,732
    Other
    $97,218
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,732 related
    Bonus
    $0
    Other
    $0 + $6,000 related
    Deferred
    $0 + $47,600 related
    Nontaxable benefits
    $0 + $49,618 related
    Filer's total
    $0 + $439,950 related

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 · Housing allowance or residence for personal use
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SCHEDULE J, PART II, COLUMN D, INCLUDES NON-TAXABLE HOUSING BENEFIT OF $60,883 FOR JOSEPH SCHAEFER. JOSEPH SCHAEFER IS REQUIRED TO RESIDE ON THE UNIVERSITY'S CAMPUS AS A CONDITION OF HIS EMPLOYMENT.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: IN CALENDAR YEAR 2024, THE FOLLOWING PERSONS PARTICIPATED IN AN IRC SEC. 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN AND RECEIVED THE NON-VESTED DEFERRED BENEFITS LISTED, SUCH DEFERRED AMOUNT WAS NOT PAID OR VESTED IN CALENDAR YEAR 2024, BUT IS REQUIRED TO BE DISCLOSED UNDER THE IRS REGULATIONS. CHRISTOPHER FEVOLA - $20,000 JOSEPH SCHAEFER - $20,000 ELIZABETH CHEUNG-GAFFNEY - $20,000

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202511329349304346

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