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Nonprofiteer
← GEORGIA TENNIS FOUNDATION INC

Form 990 for tax year 2024

Filed by GEORGIA TENNIS FOUNDATION INC.

Totals

Total revenue
$545,173
Total expenses
$524,916
Contributions and grants received
$116,877
Grants paid
$210,726
Program service revenue
$409,536
Investment income
$18,760
Other revenue
$0
Total assets, end of year
$975,732
Total liabilities, end of year
$11,703
Net assets or fund balances, end of year
$964,029
Program services expenses (Part IX)
$507,014
Management and general expenses
$17,902
Fundraising expenses
$0
Program service expenses (Part III)
$507,014

Program services were 96.6% 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

    $116,877

  • 1g · Noncash contributions included above

    $20,000

  • 2a · Program service revenue: TENNIS EVENTS

    total $393,746 · related or exempt $393,746

  • 2b · Program service revenue: HOF FUND

    total $15,790 · related or exempt $15,790

  • 3 · Investment income

    total $18,760 · excluded $18,760

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,726 · program services $210,726

  • 11c · Fees: accounting

    total $4,400 · management and general $4,400

  • 11f · Fees: investment management

    total $1,087 · management and general $1,087

  • 11g · Fees: other

    total $72,601 · program services $66,072 · management and general $6,529

  • 13 · Office expenses

    total $2,886 · management and general $2,886

  • 14 · Information technology

    total $3,000 · management and general $3,000

  • 22 · Depreciation, depletion and amortization

    total $16,358 · program services $16,358

  • 24a · Other expenses: TENNIS PROGRAMS/SPONSOR

    total $198,208 · program services $198,208

  • 24b · Other expenses: HOF FUND

    total $15,650 · program services $15,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,894 · end of year $109,331

  • 2 · Savings and temporary cash investments

    beginning of year $40,179 · end of year $40,363

  • 3 · Pledges and grants receivable

    beginning of year $2,100 · end of year $14,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $0

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

    $245,364

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

    $155,402

  • 10c · Land, buildings and equipment, net

    beginning of year $106,320 · end of year $89,962

  • 12 · Investments: other securities

    beginning of year $633,922 · end of year $721,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,508 · end of year $11,703

  • 27 · Net assets without donor restrictions

    beginning of year $514,360 · end of year $539,265

  • 28 · Net assets with donor restrictions

    beginning of year $359,547 · end of year $424,764

Mission and programs · 2024

Mission

THE MISSION OF THE GEORGIA TENNIS FOUNDATION, INC. IS TO GROW AND ENHANCE THE DEVELOPMENT OF TENNIS IN THE STATE OF GEORGIA BY PROVIDING PHILANTHROPIC COMMUNITY TENNIS PROGRAMS WITH EMPHASIS ON YOUTH DEVELOPMENT AND BY PRESERVING THE HISTORICAL ASPECTS OF TENNIS THROUGH THE SESSIONS FAMILY GEORGIA TENNIS HALL OF FAME AND MUSEUM.

  • SCHOLARSHIPS FOR EXCELLENCE IN TENNIS AND CHARITABLE CONTRIBUTIONS TO OTHER EXEMPT ORGANIZATIONS TO ENCOURAGE PARTICIPATION IN TENNIS, THROUGH CHARITABLE EVENTS RUN BY THE FOUNDATION.

    Expenses $491,364 · Grants $210,726 · Revenue $393,746

  • OPERATION OF A TENNIS HALL OF FAME AND OTHER ACTIVITIES GEARED TOWARD INCREASING THE PUBLIC'S AWARENESS OF AND APPRECIATION FOR TENNIS.

    Expenses $15,650 · Revenue $15,790

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

Listed in Part VII

  • Dom Masciantonio

    INTERIM BOARD CHAIR/PRESID

    Total calculated
    $0
    Hours/week
    1
  • Robb Bunnen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • J Cannon Carr Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Hall F McKinley III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Mark Botsch

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kelly Baskin McGill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph W Dorn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Allen Graber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Howell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Pam Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dorian Jefferson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Glenn Kincaid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lee M Sessions Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lee Sessions III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin Sessions

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Randy L Stephens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark W Tipton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darren Potkey

    EXECUTIVE DIRECTOR

    Total calculated
    $156,296
    From this org
    $0
    From related orgs
    $132,789
    Other
    $23,507
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,789 related
    Bonus
    $0 + $9,000 related
    Other
    $0
    Deferred
    $0 + $4,287 related
    Nontaxable benefits
    $0 + $19,220 related
    Filer's total
    $0 + $156,296 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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR RECEIVED A NON-FIXED PAYMENT (BONUS) DURING THE FISCAL YEAR. THIS NON-FIXED PAYMENT IS DETERMINED BY THE BOARD OF DIRECTORS.

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

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
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349310125

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