Form 990 for tax year 2022

Filed by NORTH CAROLINA TENNIS FOUNDATION INC.

Totals

Total revenue: $269,975
Total expenses: $252,914
Contributions and grants received: $139,364
Grants paid: $64,645
Program service revenue: $81,817
Investment income: $48,794
Other revenue: $0
Total assets, end of year: $1,549,671
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,549,671
Program services expenses (Part IX): $200,121
Management and general expenses: $52,793
Fundraising expenses: $0
Program service expenses (Part III): $200,121

Program services were 79.1% 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

$139,364
2a · Program service revenue: RENT-AFFILIATED EXEMPT ORG.

total $60,000 · excluded $60,000
2b · Program service revenue: TENNIS WEEKEND INCOME

total $11,670 · excluded $11,670
2c · Program service revenue: LICENSE PLATE INCOME

total $10,147 · excluded $10,147
3 · Investment income

total $24,195 · excluded $24,195
7a · Gross sales of assets other than inventory

securities $62,770 · other assets $18,071
7b · Less cost or other basis and sales expenses

securities $56,242
7c · Gain or loss

securities $6,528 · other assets $18,071
7d · Net gain or loss

total $24,599 · related or exempt $6,528 · excluded $18,071

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $35,217 · program services $35,217
2 · Grants to domestic individuals

total $29,428 · program services $29,428
7 · Other salaries and wages

total $68,925 · program services $45,950 · management and general $22,975
9 · Other employee benefits

total $10,241 · program services $6,827 · management and general $3,414
10 · Payroll taxes

total $3,992 · program services $2,662 · management and general $1,330
11c · Fees: accounting

total $8,400 · management and general $8,400
11f · Fees: investment management

total $7,896 · management and general $7,896
13 · Office expenses

total $2,544 · program services $2,544
16 · Occupancy

total $10,928 · program services $10,199 · management and general $729
17 · Travel

total $3,416 · program services $3,416
22 · Depreciation, depletion and amortization

total $18,125 · program services $16,916 · management and general $1,209
24a · Other expenses: ADVERTISING AND PROMOTION

total $38,343 · program services $38,343
24b · Other expenses: DUES & SUBSCRIPTIONS

total $11,809 · program services $5,904 · management and general $5,905
24c · Other expenses: PAYROLL SERVICE FEES

total $1,430 · program services $954 · management and general $476
24d · Other expenses: TECHNOLOGY

total $1,423 · program services $1,328 · management and general $95
24e · All other expenses

total $797 · program services $433 · management and general $364

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $196,950 · end of year $130,109
8 · Inventories for sale or use

beginning of year $3,073 · end of year $3,073
10a · Land, buildings and equipment: cost or other basis

$725,000
10b · Land, buildings and equipment: accumulated depreciation

$333,801
10c · Land, buildings and equipment, net

beginning of year $409,324 · end of year $391,199
11 · Investments: publicly traded securities

beginning of year $1,164,720 · end of year $1,025,290
27 · Net assets without donor restrictions

beginning of year $1,435,386 · end of year $1,211,134
28 · Net assets with donor restrictions

beginning of year $338,681 · end of year $338,537

Mission and programs · 2022

Mission

THE NORTH CAROLIAN TENNIS FOUNDATION SUPPORTS ORGANIZATIONS AND PROGRAMS THAT ENHANCE THE LIVES OF PEOPLE THROUGH TENNIS AND EDUCATION AND PRESERVES THE HISTORY OF TENNIS IN NORTH CAROLINA

EXPENSES (DEPRECIATION EXPENSE, PROPERTY TAXES AND EQUIPMENT COSTS) RELATED TO FACILITIES BEING RENTED TO AN AFFILIATED TAX EXEMPT ORGANIZATION.

Expenses $24,733 · Revenue $60,000
CONTRIBUTIONS, GRANTS, SCHOLARSHIPS, AWARDS AND ASSISTANCE TO JUNIOR TENNIS LEAGUES, HIGH SCHOOL ATHLETIC PROGRAMS AND LOCAL SCHOOLS.

Expenses $134,456 · Grants $64,645
EXPENSES (HALL OF FAME AND HISTORY BOOK PROJECT) USED TO PROMOTE THE FUTURE OF TENNIS IN NORTH CAROLINA BY PRESERVING ITS RICH HISTORY.

Expenses $40,932
EXPENSES USED TO PROMOTE AND RAISE THE PUBLIC'S AWARENESS OF THE NORTH CAROLINA TENNIS FOUNDATION, INC.

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

Listed in Part VII

Kelly GainesKELLY GAINES

EXEC. DIRECT

Total calculated

$0
Cookie GuariniCOOKIE GUARINI

PRESIDENT

Total calculated

$0

Hours/week

1
Ted ReeseTED REESE

VICE PRESIDE

Total calculated

$0

Hours/week

1
Richard HoldernessRICHARD HOLDERNESS

VICE PRESIDE

Total calculated

$0

Hours/week

1
Debbie SouthernDEBBIE SOUTHERN

SECRETARY

Total calculated

$0

Hours/week

1
Rodney MatthewsRODNEY MATTHEWS

TREASURER

Total calculated

$0

Hours/week

1
Andy AndrewsANDY ANDREWS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rob AutryROB AUTRY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Alfred MaysALFRED MAYS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Leslie McLverLESLIE MCLVER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Malcolm GrahamMALCOLM GRAHAM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Anna Neal BlanchardANNA NEAL BLANCHARD

BOARD MEMBER

Total calculated

$0

Hours/week

1
Susan LoveSUSAN LOVE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Keith StonemanKEITH STONEMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Andy AvramANDY AVRAM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jim CornJIM CORN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Lindsey LinkerLINDSEY LINKER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Gray SmithGRAY SMITH

BOARD MEMBER

Total calculated

$0

Hours/week

1
John McCabeJOHN MCCABE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Teresa LindsayTERESA LINDSAY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Donna GastDONNA GAST

PAST PRESIDE

Total calculated

$0

Hours/week

1
Billy TrottBILLY TROTT

PAST PRESIDE

Total calculated

$0

Hours/week

1
Paula HalePAULA HALE

PAST PRESIDE

Total calculated

$0

Hours/week

1
Jeff JoyceJEFF JOYCE

PAST PRESIDE

Total calculated

$0

Hours/week

1
Cy KingCY KING

PAST PRESIDE

Total calculated

$0

Hours/week

1
Dru MichaelsDRU MICHAELS

PAST PRESIDE

Total calculated

$0

Hours/week

1
Alex RuckerALEX RUCKER

PAST PRESIDE

Total calculated

$0

Hours/week

1
Henry HostetlerHENRY HOSTETLER

PAST PRESIDE

Total calculated

$0

Hours/week

1
Anna MartinANNA MARTIN

PAST PRESIDE

Total calculated

$0

Hours/week

1
Vicki EveretteVICKI EVERETTE

PAST PRESIDE

Total calculated

$0

Hours/week

1
Bonnie VandergriftBONNIE VANDERGRIFT

PAST PRESIDE

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

NC HIGH SCHOOL ATHLETIC ASSOC

$10,000

Provenance

Return type: form_990
Tax year: 2022
Filed: 3 July 2023
IRS schema version: 2022v5.0
Source object: 202331919349301483

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