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← TENNIS FOR CHARITY INC

Form 990 for tax year 2023

Filed by TENNIS FOR CHARITY INC.

Totals

Total revenue
$512,359
Total expenses
$446,842
Contributions and grants received
$262,864
Grants paid
$235,992
Program service revenue
$81,850
Investment income
$119,291
Other revenue
$48,354
Total assets, end of year
$17,632,446
Total liabilities, end of year
$4,695,000
Net assets or fund balances, end of year
$12,937,446
Program services expenses (Part IX)
$330,297
Management and general expenses
$111,785
Fundraising expenses
$4,760
Program service expenses (Part III)
$330,297

Program services were 73.9% 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.

  • 1e · Government grants (contributions)

    $125,000

  • 1f · All other contributions, gifts and grants

    $137,864

  • 2a · Program service revenue: STADIUM EVENTS REVENUE

    total $81,850 · related or exempt $81,850

  • 3 · Investment income

    total $112,832 · excluded $112,832

  • 5 · Royalties

    total $12,900 · excluded $12,900

  • 6a · Gross rents

    real property $792,496

  • 6b · Less rental expenses

    real property $757,042

  • 6c · Rental income or loss

    real property $35,454

  • 6d · Net rental income or loss

    total $35,454 · excluded $35,454

  • 7a · Gross sales of assets other than inventory

    securities $546,739

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

    securities $540,280

  • 7c · Gain or loss

    securities $6,459

  • 7d · Net gain or loss

    total $6,459 · excluded $6,459

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $232,917 · program services $232,917

  • 2 · Grants to domestic individuals

    total $3,075 · program services $3,075

  • 11b · Fees: legal

    total $94,843 · management and general $94,843

  • 11g · Fees: other

    total $31,716 · program services $22,201 · management and general $6,343 · fundraising $3,172

  • 12 · Advertising and promotion

    total $5,013 · management and general $5,013

  • 14 · Information technology

    total $238 · management and general $238

  • 19 · Conferences, conventions and meetings

    total $2,173 · management and general $2,173

  • 22 · Depreciation, depletion and amortization

    total $3,007 · program services $2,105 · management and general $601 · fundraising $301

  • 23 · Insurance

    total $12,871 · program services $9,010 · management and general $2,574 · fundraising $1,287

  • 24a · Other expenses: STADIUM TAXES & INSURAN

    total $52,525 · program services $52,525

  • 24b · Other expenses: WATER USAGE

    total $2,945 · program services $2,945

  • 24c · Other expenses: ELECTRICITY

    total $2,110 · program services $2,110

  • 24d · Other expenses: ECOLOGY

    total $1,915 · program services $1,915

  • 24e · All other expenses

    total $1,494 · program services $1,494

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,022,777 · end of year $923,252

  • 11 · Investments: publicly traded securities

    beginning of year $3,374,096 · end of year $3,806,830

  • 13 · Investments: program-related

    beginning of year $13,309,084 · end of year $12,884,574

  • 15 · Other assets

    beginning of year $20,797 · end of year $17,790

  • 23 · Secured mortgages and notes payable

    beginning of year $5,195,000 · end of year $4,695,000

  • 27 · Net assets without donor restrictions

    beginning of year $12,049,764 · end of year $12,563,373

  • 28 · Net assets with donor restrictions

    beginning of year $481,990 · end of year $374,073

Mission and programs · 2023

Mission

FUNDING TENNIS PROGRAMS AND PARTNERS THAT ADVANCE AND CHANGE THE LIVES OF YOUNG PEOPLE.

  • TENNIS FOR CHARITY RAISES FUNDS TO SUPPORT TENNIS FOR INNER CITY YOUTH AND THE CINCINNATI CHILDREN'S HOSPITAL. THE TENNIS FACILITY IS MADE AVAILABLE TO OHIO HIGH SCHOOLS FOR THE OHSAA BOYS AND GIRLS DISTRICT TOURNAMENTS FOR NO PROFIT. IT IS ALSO UTILIZED BY SEVERAL COLLEGES FOR TOURNAMENTS. A MIDWEST AMATEUR TENNIS TOURNAMENT IS ALSO HELD AT THE FACILITY.

    Expenses $330,297 · Grants $235,992 · Revenue $81,850

As filed on the 2023 return.

Listed in Part VII

  • Neal Schear

    PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elaine Bruening

    VICE PRESIDENT & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Al Koncius

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alvin Crawford MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Keating

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Friedman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Dessner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 April 2024
IRS schema version
2023v5.0
Source object
202430999349301718

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