Form 990 for tax year 2023
Filed by TENNIS FOUNDATION OF CONNECTICUT.
Totals
- Total revenue
- $195,392
- Total expenses
- $174,769
- Contributions and grants received
- $0
- Grants paid
- $145,000
- Program service revenue
- $0
- Investment income
- $159,949
- Other revenue
- $35,443
- Total assets, end of year
- $3,875,969
- Total liabilities, end of year
- $17,348
- Net assets or fund balances, end of year
- $3,858,621
- Program services expenses (Part IX)
- $150,749
- Management and general expenses
- $24,020
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $150,749
Program services were 86.3% 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.
-
3 · Investment income
total $159,949 · excluded $159,949
-
6a · Gross rents
real property $46,837
-
6b · Less rental expenses
real property $11,394
-
6c · Rental income or loss
real property $35,443
-
6d · Net rental income or loss
total $35,443
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $145,000 · program services $145,000
-
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 $0
-
11b · Fees: legal
total $15,875 · management and general $15,875
-
11c · Fees: accounting
total $2,770 · management and general $2,770
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,219 · program services $5,286 · management and general $933
-
14 · Information technology
total $545 · program services $463 · management and general $82
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
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 $1,885 · management and general $1,885
-
24a · Other expenses: Consulting Fees
total $2,475 · management and general $2,475
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $369,233 · end of year $254,687
-
9 · Prepaid expenses and deferred charges
beginning of year $26,125 · end of year $12,083
-
10a · Land, buildings and equipment: cost or other basis
$480,309
-
10c · Land, buildings and equipment, net
beginning of year $480,309 · end of year $480,309
-
12 · Investments: other securities
beginning of year $2,831,621 · end of year $2,985,912
-
15 · Other assets
beginning of year $142,978 · end of year $142,978
-
17 · Accounts payable and accrued expenses
beginning of year $12,268 · end of year $17,348
-
27 · Net assets without donor restrictions
beginning of year $3,837,998 · end of year $3,858,621
Mission and programs · 2023
Mission
To promote economic development and support urban programs in Connecticut and the local community.
Activities or mission (Part I)
The Organizations mission is to promote economic development and support urban programs and events for the benefit the State of Connecticut and the local community.
-
The Tennis Foundation of Connecticut is in the process of setting a long-term strategy that will entail granting its financial assets to support programs and events for the benefit of the State of Connectiut and the community. Property has been purchased with the intent of developing a student enrichment and tennis fitness center, which will combine academic enrichment, character building and tennis development.
Expenses $150,749 · Grants $145,000
As filed on the 2023 return.
Listed in Part VII
-
Chris Shackelton
Chairman of the Board
- Total calculated
- $0
- Hours/week
- 5
-
Barry Brooks
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Jay Brotman
Secretary
- Total calculated
- $0
- Hours/week
- 0.3
-
Mandy Agre
Treasurer
- Total calculated
- $0
- Hours/week
- 0.3
-
Mary-Jane Foster
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Rich Jacob
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Mark Ojakian
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Vin Petrini
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Anne Worcester
Director
- Total calculated
- $0
- Hours/week
- 0.3
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
-
$145,000
General Support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522279349303607
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