Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $178,525

• 1f · All other contributions, gifts and grants

  $1,557,407

• 2a · Program service revenue: TENNIS LEAGUES

  total $921,452 · related or exempt $921,452

• 2b · Program service revenue: SECTIONAL EVENTS

  total $133,566 · related or exempt $133,566

• 2c · Program service revenue: COMMUNITY TENNIS EVENTS

  total $95,943 · related or exempt $95,943

• 2d · Program service revenue: CONFERENCES

  total $7,318 · related or exempt $7,318

• 3 · Investment income

  total $139,610 · excluded $139,610

• 7a · Gross sales of assets other than inventory

  securities $998,947

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

  securities $990,929

• 7c · Gain or loss

  securities $8,018

• 7d · Net gain or loss

  total $8,018 · excluded $8,018

• 11a · Other revenue: MISCELLANEOUS

  total $33,334 · related or exempt $33,334

• 11e · Other revenue, total

  $33,334

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $200,838 · program services $200,838

• 2 · Grants to domestic individuals

  total $24,503 · program services $24,503

• 5 · Compensation of officers, directors and key employees

  total $159,679 · program services $79,840 · management and general $79,839

• 7 · Other salaries and wages

  total $1,185,490 · program services $860,105 · management and general $325,385

• 8 · Pension plan contributions

  total $23,622 · program services $17,413 · management and general $6,209

• 9 · Other employee benefits

  total $132,552 · program services $97,326 · management and general $35,226

• 10 · Payroll taxes

  total $100,759 · program services $70,783 · management and general $29,976

• 11c · Fees: accounting

  total $33,372 · management and general $33,372

• 11f · Fees: investment management

  total $10,690 · management and general $10,690

• 11g · Fees: other

  total $6,000 · program services $4,215 · management and general $1,785

• 12 · Advertising and promotion

  total $25,921 · management and general $25,921

• 13 · Office expenses

  total $39,596 · program services $23,418 · management and general $16,178

• 14 · Information technology

  total $1,211 · program services $851 · management and general $360

• 16 · Occupancy

  total $88,065 · program services $37,764 · management and general $50,301

• 17 · Travel

  total $223,385 · program services $56,651 · management and general $166,734

• 19 · Conferences, conventions and meetings

  total $682,017 · program services $615,985 · management and general $5,197 · fundraising $60,835

• 20 · Interest

  total $236 · management and general $236

• 22 · Depreciation, depletion and amortization

  total $36,465 · program services $25,616 · management and general $10,849

• 23 · Insurance

  total $1,081 · program services $759 · management and general $322

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $13,832 · management and general $13,832

• 24b · Other expenses: EMPLOYEE RELATIONS

  total $1,344 · management and general $1,344

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $236,015 · end of year $184,071

• 2 · Savings and temporary cash investments

  beginning of year $100,878

• 3 · Pledges and grants receivable

  end of year $23,490

• 4 · Accounts receivable

  beginning of year $39,092 · end of year $11,699

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,364 · end of year $25,197

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

  $1,030,602

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

  $564,280

• 10c · Land, buildings and equipment, net

  beginning of year $500,841 · end of year $466,322

• 11 · Investments: publicly traded securities

  beginning of year $2,249,702 · end of year $2,511,276

• 15 · Other assets

  beginning of year $6,812 · end of year $4,866

• 17 · Accounts payable and accrued expenses

  beginning of year $8,993 · end of year $14,125

• 19 · Deferred revenue

  beginning of year $367,823 · end of year $372,155

• 23 · Secured mortgages and notes payable

  beginning of year $314,154 · end of year $289,646

• 24 · Unsecured notes and loans payable

  beginning of year $109,167 · end of year $109,167

• 25 · Other liabilities

  beginning of year $6,971 · end of year $5,059

• 27 · Net assets without donor restrictions

  beginning of year $2,327,596 · end of year $2,436,769

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE USTA SOUTHWEST SECTION REVIEWED AND DETERMINED THE CEO'S COMPENSATION BASED ON A COMPENSATION SURVEY. THE COMPENSATION DECISION IS DOCUMENTED IN THE CEO'S PERSONNEL FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. THE CEO OF THE USTA SOUTHWEST SECTION REVIEWED AND DETERMINED THE COMPENSATION OF KEY EMPLOYEES OF THE ORGANIZATION. THERE WAS A SURVEY STUDY DONE BY THE SECTIONS IN 2019. IT WAS SHARED WITH THE PRESIDENT BUT WAS INITIATED BY THE SECTION EXECUTIVE DIRECTORS. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE.