Totals
- Total revenue
- $310,290
- Total expenses
- $36,350
- Contributions and grants received
- $310,290
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $419,309
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $419,309
- Program services expenses (Part IX)
- $36,350
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $36,350
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$310,290
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: Bus Lane Project
total $36,350 · program services $36,350
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $145,369 · end of year $419,309
-
27 · Net assets without donor restrictions
beginning of year $145,369 · end of year $219,309
-
28 · Net assets with donor restrictions
end of year $200,000
Mission and programs · 2024
Mission
The Ace Foundation is the charitable arm of USTA Tennessee and supports and assists in the growth and development of the sport of tennis in the state of Tennessee by raising money and funding local programming, junior player development, infrastructure, community tennis
-
The Ace Foundation is the charitable arm of USTA Tennessee and supports and assists in the growth and development of the sport of tennis in the state of Tennessee by raising money and funding local programming
Expenses $36,350
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kyle Koller
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Michael Chamberlain
Treasuer
- Total calculated
- $0
- Hours/week
- 0
-
Kim Wilson
Chairman
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543009349300114
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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