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Nonprofiteer
← SOUTHERN TENNIS PATRONS FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTHERN TENNIS PATRONS FOUNDATION INC.

Totals

Total revenue
$17,101,616
Total expenses
$586,276
Contributions and grants received
$676,226
Grants paid
$319,669
Program service revenue
$0
Investment income
$16,431,132
Other revenue
-$5,742
Total assets, end of year
$23,641,634
Total liabilities, end of year
$8,825
Net assets or fund balances, end of year
$23,632,809
Program services expenses (Part IX)
$319,669
Management and general expenses
$266,607
Fundraising expenses
$0
Program service expenses (Part III)
$319,669

Program services were 54.5% 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

    $676,226

  • 1g · Noncash contributions included above

    $160,471

  • 3 · Investment income

    total $682,981 · excluded $682,981

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $31,473

  • 6b · Less rental expenses

    real property $30,734

  • 6c · Rental income or loss

    real property $739

  • 6d · Net rental income or loss

    total $739 · related or exempt $739

  • 7a · Gross sales of assets other than inventory

    securities $1,360,516 · other assets $17,900,000

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

    securities $1,263,825 · other assets $2,248,540

  • 7c · Gain or loss

    securities $96,691 · other assets $15,651,460

  • 7d · Net gain or loss

    total $15,748,151 · related or exempt $15,748,151

  • 8a · Fundraising events: gross income

    $14,960

  • 8b · Fundraising events: direct expenses

    $21,441

  • 8c · Net income from fundraising events

    total -$6,481

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $319,669 · program services $319,669

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $160,471 · management and general $160,471

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $30,660 · management and general $30,660

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $4,540 · management and general $4,540

  • 13 · Office expenses

    total $2,205 · management and general $2,205

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $114 · management and general $114

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: INVESTMENT MGMNT FEES

    total $39,268 · management and general $39,268

  • 24b · Other expenses: PERMITS

    total $9,010 · management and general $9,010

  • 24c · Other expenses: PRESIIDENTS DISCRETIONARY FUND

    total $6,500 · management and general $6,500

  • 24d · Other expenses: WEBSITE

    total $5,142 · management and general $5,142

  • 24e · All other expenses

    total $8,697 · management and general $8,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,474 · end of year $438,259

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $58,735 · end of year $58,881

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,248,540 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,364,589 · end of year $23,144,494

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $266,428 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $8,825

  • 25 · Other liabilities

    beginning of year $89,573

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,095,193 · end of year $23,632,809

Mission and programs · 2024

Mission

PROMOTE TENNIS AND EDUCATION PROGRAMS

  • FINANCIAL ASSISTANCE TO JUNIORS- Grants are provided up to $3000 for National play and up to $2000 for Sectional play per player. These grants are need based.

    Expenses $94,448 · Grants $94,448

  • Wheelchair grants provided grants to juniors for wheelchair tennis equipment. Other grants were in support of Wheelchair tennis programs within Southern section (individuals who play tennis in wheelchairs)

    Expenses $83,364 · Grants $83,364

  • Adaptive grants to assist organizations hosting adaptive tennis programs. Adaptive tennis programs are programs that are adapted to give everyone a chance to play tennis regardless of their disability.

    Expenses $37,848 · Grants $37,848

  • NJTL-SUPPPORT TOWARDS NJTL CHAPTERS

    Expenses $35,993 · Grants $35,993

  • COLLEGE SCHOLARSHIP PROGRAM

    Expenses $35,000 · Grants $35,000

  • STATE FOUNDATION PROGRAMS-Matching grants to worthy causes that are maxed at $2,000 per state foundation on a matching based

    Expenses $20,000 · Grants $20,000

  • SPECIAL PROJECTS GRANT

    Expenses $13,016 · Grants $13,016

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

Listed in Part VII

  • Marcy Hirshbert

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Derek White

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Terry Bunnell

    SECRETARY/TREAS

    Total calculated
    $0
    Hours/week
    0

  • Bonnie Vandegrift

    Chairman

    Total calculated
    $0
    Hours/week
    0

  • Jorge Andrew

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Ted Reese

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Lance Hickman

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Mike Eden

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Karen N Morgan

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Rudy Lewis

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Matt Olson

    Executive Dir.

    Total calculated
    $0
    Hours/week
    0

  • James Ewers

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Randy Jackson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth Walker

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Paul Pittman

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Jennifer Tucker

    Trustee

    Total calculated
    $0
    Hours/week
    0

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

  • ANDREA THOMAS

    $9,768

    JUNIOR FINANCIAL ASSISTANCE

  • BATON ROUGE WC TENNIS ASSOC

    $9,000

    WHEELCHAIR PROGRAM GRANT

  • DREAM COURT

    $6,250

    WHEELCHAIR PROGRAM GRANT

  • BRUNSWICK CO TENNIS ASSOC

    $6,000

    NJTL GRANT

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • No recipient named

    $17,900,000

    Disposition · BUILDING · May 16, 2024

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349304218

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