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Nonprofiteer
← OLD TENNIS CLUB INC

Form 990 for tax year 2022

Filed by OLD TENNIS CLUB INC.

Totals

Total revenue
$13,778
Total expenses
$13,778
Contributions and grants received
$13,778
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$759,671
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$759,671
Program services expenses (Part IX)
$0
Management and general expenses
$13,778
Fundraising expenses
$0
Program service expenses (Part III)
$13,778

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.

  • 1d · Related organizations

    $13,778

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: ELECTRIC

    total $8,643 · management and general $8,643

  • 24b · Other expenses: PERMIT FILING FEES

    total $2,650 · management and general $2,650

  • 24c · Other expenses: WATER

    total $2,485 · management and general $2,485

Balance sheet

Part X, book values.

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

    $1,432,952

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

    $673,281

  • 10c · Land, buildings and equipment, net

    beginning of year $759,671 · end of year $759,671

  • 29 · Capital stock, trust principal or current funds

    beginning of year $331,950 · end of year $331,950

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

    beginning of year $715,008 · end of year $715,008

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$287,287 · end of year -$287,287

Mission and programs · 2022

Mission

SUPPORT LONG ISLAND UNIVERSITY ("LIU") DIRECTLY AND ESTABLISH AND MAINTAIN TENNIS FACILITIES FOR THE PURSUIT OF SPORTS AND RELATED ACTIVITIES CONSISTENT WITH THE EDUCATIONAL MISSION OF LIU. SEE SCHEDULE O.

Activities or mission (Part I)

SUPPORT LONG ISLAND UNIVERSITY DIRECTLY AND ESTABLISH AND MAINTAIN TENNIS FACILITIES. FOR THE PURSUIT OF SPORTS AND RELATED ACTIVITIES CONSISTENT WITH THE EDUCATIONAL MISSION OF LIU.

  • MAINTAIN TENNIS FACILITIES.

    Expenses $13,778

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Fevola

    TREASURER

    Total calculated
    $543,672
    From this org
    $0
    From related orgs
    $452,259
    Other
    $91,413
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $451,697 related
    Bonus
    $0
    Other
    $0 + $562 related
    Deferred
    $0 + $43,550 related
    Nontaxable benefits
    $0 + $47,863 related
    Filer's total
    $0 + $543,672 related

  • Joseph Schaefer

    PRESIDENT

    Total calculated
    $490,321
    From this org
    $0
    From related orgs
    $393,992
    Other
    $96,329
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,567 related
    Bonus
    $0
    Other
    $0 + $6,425 related
    Deferred
    $0 + $34,400 related
    Nontaxable benefits
    $0 + $61,929 related
    Filer's total
    $0 + $490,321 related

  • Elizabeth Gaffney

    SECRETARY (BEG. 8/22)

    Total calculated
    $348,697
    From this org
    $0
    From related orgs
    $303,920
    Other
    $44,777
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,920 related
    Bonus
    $0
    Other
    $0 + $6,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $44,777 related
    Filer's total
    $0 + $348,697 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: IN CALENDAR YEAR 2022, THE FOLLOWING PERSONS PARTICIPATED IN AN IRC SEC. 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN AND RECEIVED THE NON-VESTED DEFERRED BENEFITS LISTED, SUCH DEFERRED AMOUNT WAS NOT PAID OR VESTED IN CALENDAR YEAR 2022, BUT IS REQUIRED TO BE DISCLOSED UNDER THE IRS REGULATIONS. CHRISTOPHER FEVOLA - $10,000 JOSEPH SCHAEFER - $10,000

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

No itemized grants to organizations 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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349304496

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