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Nonprofiteer
← BOEING EMPLOYEES TENNIS CLUB

Form 990 for tax year 2023

Filed by BOEING EMPLOYEES TENNIS CLUB.

Totals

Total revenue
$1,849,768
Total expenses
$1,837,165
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,836,036
Investment income
$9,731
Other revenue
$4,001
Total assets, end of year
$5,481,532
Total liabilities, end of year
$2,690,319
Net assets or fund balances, end of year
$2,791,213
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: LESSONS - MEMBERS

    total $896,888 · related or exempt $896,888

  • 2b · Program service revenue: MEMBER DUES

    total $470,210 · related or exempt $470,210

  • 2c · Program service revenue: COURT RENTAL

    total $253,496 · related or exempt $253,496

  • 2d · Program service revenue: COURT RENTAL - NON MEMBERS

    total $51,046 · unrelated business $51,046

  • 2e · Program service revenue: TOURNAMENTS - MEMBERS

    total $43,233 · related or exempt $43,233

  • 2f · All other program service revenue

    total $121,163 · related or exempt $44,192 · unrelated business $76,971

  • 3 · Investment income

    total $8,668 · unrelated business $8,668

  • 7a · Gross sales of assets other than inventory

    other assets $1,063

  • 7c · Gain or loss

    other assets $1,063

  • 7d · Net gain or loss

    total $1,063 · unrelated business $1,063

  • 10a · Gross sales of inventory

    $30,286

  • 10b · Cost of goods sold

    $29,486

  • 10c · Net income from sales of inventory

    total $800 · related or exempt $800

  • 11a · Other revenue: THEFT LOSS RECOVERY

    total $3,201 · related or exempt $3,201

  • 11e · Other revenue, total

    $3,201

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $977,230

  • 9 · Other employee benefits

    total $87,489

  • 10 · Payroll taxes

    total $90,696

  • 11b · Fees: legal

    total $22,468

  • 11c · Fees: accounting

    total $26,400

  • 11f · Fees: investment management

    total $300

  • 13 · Office expenses

    total $9,221

  • 16 · Occupancy

    total $235,536

  • 20 · Interest

    total $158,462

  • 22 · Depreciation, depletion and amortization

    total $80,281

  • 24a · Other expenses: FEDERAL INCOME TAXES

    total $2,608

  • 24b · Other expenses: BANK FEES

    total $72,470

  • 24c · Other expenses: LESSONS EXPENSES

    total $28,031

  • 24d · Other expenses: BUSINESS TAXES

    total $14,717

  • 24e · All other expenses

    total $31,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,529 · end of year $238,522

  • 8 · Inventories for sale or use

    beginning of year $2,138 · end of year $3,940

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

    $6,534,665

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

    $1,587,574

  • 10c · Land, buildings and equipment, net

    beginning of year $5,026,457 · end of year $4,947,091

  • 12 · Investments: other securities

    beginning of year $152,417 · end of year $264,926

  • 14 · Intangible assets

    beginning of year $27,359 · end of year $26,444

  • 15 · Other assets

    end of year $609

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,293 · end of year $50,699

  • 19 · Deferred revenue

    beginning of year $106,375 · end of year $109,406

  • 23 · Secured mortgages and notes payable

    beginning of year $2,550,000 · end of year $2,504,736

  • 25 · Other liabilities

    beginning of year $3,474 · end of year $25,478

  • 29 · Capital stock, trust principal or current funds

    beginning of year $167,560 · end of year $167,340

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

    beginning of year $2,249 · end of year $2,249

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,605,949 · end of year $2,621,624

Mission and programs · 2023

Mission

BOEING EMPLOYEES' TENNIS CLUB (BETC) IS A SERVICE PROVIDER FOR A LOW-COST, SAFE, AND FULLY-PROGRAMMED TENNIS AND RACQUETBALL FACILITY. OUR MISSION IS TO HELP MEMBERS DISCOVER, SHARE, AND PLAY TO THEIR FULL POTENTIAL THE SPORT OF TENNIS, WHILE RETAINING A FISCAL RESPONSIBILITY TO THE MEMBERS. BETC ENDEAVORS TO PROVIDE QUALITY SERVICE, INTEGRITY, AND GOOD COMMUNITY CITIZENSHIP.

Activities or mission (Part I)

BOEING EMPLOYEES' TENNIS CLUB IS AN AFFORDABLE TENNIS AND RACQUETBALL FACILITY, OFFERING COURT RENTAL, LEAGUE ACTIVITIES, LESSONS, AND TOURNAMENTS FOR ITS MEMBERS.

  • COURT RENTAL BOEING EMPLOYEES' TENNIS CLUB IS AN INDOOR TENNIS AND RACQUETBALL FACILITY WITH NINE TENNIS COURTS, TWO RACQUETBALL COURTS, LOCKER ROOM FACILITIES, AND A SMALL ARRAY OF EXERCISE EQUIPMENT. MEMBERS ARE ABLE TO RENT THESE COURTS ON A PRIVATE BASIS OR TO JOIN IN A LEAGUE ACTIVITY. THE ORGANIZATION'S GOAL IS TO KEEP COSTS AS LOW AS POSSIBLE SO THAT MEMBERS ARE ABLE TO ENJOY THE SPORT AT AN AFFORDABLE PRICE.

  • LESSONS BOEING EMPLOYEES' TENNIS CLUB HAS ONE HEAD PRO AND FOUR ASSISTANT PROS WHO TEACH TENNIS LESSONS SEVEN DAYS PER WEEK. EACH OF THE PROS HAS A USPTA RATING OF 1 OR 2 AND ARE ACCOMPLISHED TENNIS PLAYERS. WITH THEIR EXTENSIVE EXPERIENCE, THEY PROVIDE EXCELLENT INSTRUCTION TO BOTH ADULTS AND JUNIOR MEMBERS, HELPING THEM TO IMPROVE THEIR GAME AND ACHIEVE THEIR HIGHEST SKILL LEVEL.

  • TOURNAMENTS BOEING EMPLOYEES' TENNIS CLUB HOLDS EIGHT TENNIS TOURNAMENTS PER YEAR, PROVIDING COMPETITION AT DIFFERENT LEVELS. TWO OF THE TOURNAMENTS ARE EXCLUSIVELY FOR CLUB MEMBERS, AND THE OTHER SIX ARE OPEN TO THE PUBLIC, PROVIDING OUR MEMBERS WITH EXPOSURE TO PLAYERS OUTSIDE OF THE CLUB. THERE ARE TWO JUNIOR USTA-SANCTIONED TOURNAMENTS WHICH PROVIDE THE JUNIORS AN OPPORTUNITY TO IMPROVE THEIR LOCAL AND NATIONAL RANKINGS BY COMPETING AGAINST OTHER JUNIORS AT THE SAME AGE AND SKILL LEVEL.

  • OTHER

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edwin Baker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Battaglia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Binh Nguyen

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Denise Dubuque

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Nguyen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ngoc Huynh

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Wayne Brown

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2024
IRS schema version
2023v5.0
Source object
202431349349307933

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