Totals
- Total revenue
- $3,247,010
- Total expenses
- $2,771,672
- Contributions and grants received
- $1,233,117
- Grants paid
- $181,095
- Program service revenue
- $2,038,557
- Investment income
- $4,500
- Other revenue
- -$29,164
- Total assets, end of year
- $4,914,594
- Total liabilities, end of year
- $497,526
- Net assets or fund balances, end of year
- $4,417,068
- Program services expenses (Part IX)
- $2,263,227
- Management and general expenses
- $297,708
- Fundraising expenses
- $210,737
- Program service expenses (Part III)
- $2,263,227
Program services were 81.7% 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.
-
1c · Fundraising events
$176,766
-
1f · All other contributions, gifts and grants
$1,056,351
-
2a · Program service revenue: ACTIVITY REVENUE
total $1,775,915 · related or exempt $1,775,915
-
2b · Program service revenue: SUMMER PARK PROGRAM FE
total $260,840 · related or exempt $260,840
-
2c · Program service revenue: OUTREACH PROGRAMS
total $1,802 · related or exempt $1,802
-
7a · Gross sales of assets other than inventory
securities $4,500
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $4,500
-
7d · Net gain or loss
total $4,500 · excluded $4,500
-
8a · Fundraising events: gross income
$33,985
-
8a · Fundraising events: contributions included on line 1c
$176,766
-
8b · Fundraising events: direct expenses
$67,552
-
8c · Net income from fundraising events
total -$33,567 · excluded -$33,567
-
10a · Gross sales of inventory
$26,523
-
10b · Cost of goods sold
$28,589
-
10c · Net income from sales of inventory
total -$2,066 · excluded -$2,066
-
11a · Other revenue: MISCELLANEOUS
total $6,469 · excluded $6,469
-
11e · Other revenue, total
$6,469
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $181,095 · program services $181,095
-
5 · Compensation of officers, directors and key employees
total $221,226 · program services $176,980 · management and general $22,123 · fundraising $22,123
-
7 · Other salaries and wages
total $1,224,161 · program services $946,636 · management and general $157,619 · fundraising $119,906
-
8 · Pension plan contributions
total $17,993 · program services $12,861 · management and general $1,482 · fundraising $3,650
-
9 · Other employee benefits
total $65,273 · program services $46,754 · management and general $5,399 · fundraising $13,120
-
10 · Payroll taxes
total $99,489 · program services $77,297 · management and general $12,419 · fundraising $9,773
-
11c · Fees: accounting
total $93,724 · program services $46,862 · management and general $28,117 · fundraising $18,745
-
11g · Fees: other
total $109,408 · program services $78,050 · management and general $18,935 · fundraising $12,423
-
12 · Advertising and promotion
total $4,400 · program services $2,200 · management and general $1,100 · fundraising $1,100
-
13 · Office expenses
total $89,982 · program services $71,318 · management and general $13,435 · fundraising $5,229
-
16 · Occupancy
total $237,806 · program services $228,817 · management and general $7,823 · fundraising $1,166
-
17 · Travel
total $7,778 · program services $7,561 · management and general $30 · fundraising $187
-
19 · Conferences, conventions and meetings
total $149 · management and general $149
-
20 · Interest
total $2,406 · program services $1,574 · management and general $832
-
22 · Depreciation, depletion and amortization
total $241,116 · program services $241,116
-
23 · Insurance
total $32,222 · program services $15,305 · management and general $16,111 · fundraising $806
-
24a · Other expenses: PROGRAM EXPENSES
total $64,584 · program services $62,709 · management and general $1,875
-
24b · Other expenses: SUPPLIES
total $60,413 · program services $58,298 · management and general $1,800 · fundraising $315
-
24e · All other expenses
total $18,447 · program services $7,794 · management and general $8,459 · fundraising $2,194
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $715,939 · end of year $620,712
-
2 · Savings and temporary cash investments
beginning of year $8,005 · end of year $1,208,266
-
3 · Pledges and grants receivable
beginning of year $7,000 · end of year $100,000
-
4 · Accounts receivable
beginning of year $681,062 · end of year $164,857
-
8 · Inventories for sale or use
beginning of year $11,263 · end of year $14,418
-
9 · Prepaid expenses and deferred charges
beginning of year $22,348 · end of year $17,894
-
10a · Land, buildings and equipment: cost or other basis
$3,623,668
-
10b · Land, buildings and equipment: accumulated depreciation
$1,939,819
-
10c · Land, buildings and equipment, net
beginning of year $1,722,500 · end of year $1,683,849
-
11 · Investments: publicly traded securities
beginning of year $1,043,792 · end of year $919,288
-
14 · Intangible assets
beginning of year $185,409 · end of year $185,310
-
17 · Accounts payable and accrued expenses
beginning of year $91,302 · end of year $201,678
-
19 · Deferred revenue
beginning of year $212,587 · end of year $245,126
-
25 · Other liabilities
beginning of year $26,628 · end of year $50,722
-
27 · Net assets without donor restrictions
beginning of year $4,066,551 · end of year $3,817,068
-
28 · Net assets with donor restrictions
beginning of year $250 · end of year $600,000
Mission and programs · 2022
Mission
INNERCITY TENNIS FOUNDATION (ICT), FOUNDED IN 1952, IS ON A MISSION TO UNLEASH AND DEVELOP THE POTENTIAL OF YOUTH ON AND OFF THE TENNIS COURT BY ENGAGING AND SERVING A SUPPORTIVE COMMUNITY. (SEE SCHEDULE O)THE FOUNDATION USES TENNIS AS A VEHICLE TO ENGAGE YOUTH AND PROVIDE COACHING, MENTORING, AND LIFE SKILLS DEVELOPMENT TO YOUTH AT ICT'S TENNIS CENTER AND ALL THROUGH MINNEAPOLIS IN PARKS, SCHOOLS, AND PARTNER LOCATIONS.
Activities or mission (Part I)
TO ENGAGE A SUPPORTIVE COMMUNITY TO UNLASE THE FULL POTENTIAL OF YOUTH, ON AND OFF THE TENNIS COURT.
-
YOUTH TENNIS AND EDUCATION PROGRAMS: ICT'S YOUTH PROGRAMS ARE SPECIFICALLY DESIGNED TO PROMOTE HEALTH, EDUCATION, COMMUNITY, AND CHARACTER. THESE PROGRAMS ARE DELIVERED IN 8 MINNEAPOLIS SCHOOLS AND PARTNER LOCATIONS, 22 MINNEAPOLIS PARKS, AND AT ICT'S 12 COURT INDOOR TENNIS CENTER IN SOUTH MINNEAPOLIS. EACH YEAR, APPROXIMATELY 5,000 MAINLY UNDERSERVED YOUTH ARE TAUGHT AND MENTORED BY ICT VIA: 1) FREE-OF-CHARGE PROGRAMS IN SCHOOLS, PARTNER ORGANIZATIONS, AND SUPER SATURDAYS AT ICT'S TENNIS CENTER, AND 2) FEE-BASED, OUT-OF-SCHOOL-TIME SUMMER TENNIS IN THE PARKS AND CITIES ACADEMY PROGRAMS THAT ARE OPEN TO ALL THROUGH NEED-BASED SCHOLARSHIPS. THOSE IN NEED INCLUDE AT-RISK KIDS, CHILDREN OF COLOR, AND CHILDREN FROM LOW-INCOME FAMILIES.
Expenses $1,822,710 · Grants $181,095 · Revenue $886,451
-
ADULT AND FAMILY PROGRAMS & SERVICES:ICT PROMOTES THE HEALTH, WELLNESS, AND COMMUNITY NEEDS OF ADULTS BY PROVIDING PUBLIC ACCESS AND LOW-COST INDIVIDUAL AND GROUP INSTRUCTION IN THE LIFELONG SPORT OF TENNIS. NO REGISTRATION FEES ARE REQUIRED; THUS, THE FACILITY IS OPEN TO ALL. ICT ALSO ENCOURAGES ITS VERY ACTIVE AND SUPPORTIVE ADULT COMMUNITY TO GIVE, VOLUNTEER, AND SHARE THEIR TIME AND TALENTS WITH KIDS. ICT ENGAGES ADULTS KNOWING THAT INTERGENERATIONAL VOLUNTEER ENGAGEMENT WITH YOUTH HAS FAR-REACHING BENEFITS FOR BOTH GROUPS IN TERMS OF PHYSICAL AND SOCIAL/EMOTIONAL HEALTH AND DEVELOPMENT.
Expenses $440,517 · Revenue $1,152,106
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
WILLIAM C PREST
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
JOHN F NEALON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER A ABBOTT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JILLIAN STOCKMO CHAPMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BRADLEY K ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NICK J BOLLETTIERI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT L COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROY A GINSBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARGO HILEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REVEREND JOHN HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD A KLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATHRYN M LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDRZEJ M MALEWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ASTRID PEREZ-MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JULIE A PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNNE M RASMUSSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICK REUTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HILARY M SANTONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GABRIEL SZERDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TRENT TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AMY S WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN WHEATON
EXECUTIVE DIRECTOR
- Total calculated
- $221,225
- From this org
- $193,489
- From related orgs
- $0
- Other
- $27,736
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,753
- Bonus
- $0
- Other
- $27,736
- Deferred
- $6,335
- Nontaxable benefits
- $21,401
- Filer's total
- $221,225
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349323747
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