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Nonprofiteer
← WTA TOUR INC

Form 990 for tax year 2023

Filed by WTA TOUR INC.

Totals

Total revenue
$118,990,902
Total expenses
$129,945,479
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$113,736,755
Investment income
$4,056,233
Other revenue
$1,197,914
Total assets, end of year
$97,724,474
Total liabilities, end of year
$108,351,082
Net assets or fund balances, end of year
-$10,626,608
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEDIA RIGHTS

    total $57,585,612 · related or exempt $57,585,612

  • 2b · Program service revenue: SPONSORSHIPS

    total $30,517,316 · related or exempt $30,517,316

  • 2c · Program service revenue: TOUR OPERATIONS FEES

    total $25,022,311 · related or exempt $25,022,311

  • 2d · Program service revenue: PLAYERS FEES

    total $486,516 · related or exempt $486,516

  • 2e · Program service revenue: TOURNAMENT MEMBERSHIP SALES/FEES

    total $125,000 · related or exempt $125,000

  • 3 · Investment income

    total $4,058,075 · excluded $4,058,075

  • 7b · Less cost or other basis and sales expenses

    securities $1,842

  • 7c · Gain or loss

    securities -$1,842

  • 7d · Net gain or loss

    total -$1,842 · excluded -$1,842

  • 11a · Other revenue: GRAND SLAM SERVICE FEE

    total $640,000 · related or exempt $640,000

  • 11b · Other revenue: ADVERTISING

    total $341,717 · unrelated business $341,717

  • 11c · Other revenue: OTHER INCOME

    total $111,030 · excluded $111,030

  • 11d · All other revenue

    total $105,167 · excluded $105,167

  • 11e · Other revenue, total

    $1,197,914

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,743,236

  • 5 · Compensation of officers, directors and key employees

    total $5,481,502

  • 7 · Other salaries and wages

    total $13,622,681

  • 8 · Pension plan contributions

    total $389,936

  • 9 · Other employee benefits

    total $1,160,791

  • 10 · Payroll taxes

    total $1,181,583

  • 11b · Fees: legal

    total $2,705,013

  • 11c · Fees: accounting

    total $775,101

  • 11f · Fees: investment management

    total $225,404

  • 11g · Fees: other

    total $5,937,612

  • 12 · Advertising and promotion

    total $1,523,344

  • 13 · Office expenses

    total $889,588

  • 14 · Information technology

    total $2,668,134

  • 16 · Occupancy

    total $294,874

  • 17 · Travel

    total $3,462,720

  • 19 · Conferences, conventions and meetings

    total $518,556

  • 20 · Interest

    total $85,282

  • 22 · Depreciation, depletion and amortization

    total $1,877,825

  • 23 · Insurance

    total $1,015,349

  • 24a · Other expenses: CONTRIBUTED ASSETS

    total $44,203,746

  • 24b · Other expenses: TOURNAMENT EXPENSES

    total $14,801,512

  • 24c · Other expenses: SPONSOR EXPENSES

    total $11,786,782

  • 24d · Other expenses: INTEGRITY PROGRAM EXPEN

    total $2,608,054

  • 24e · All other expenses

    total $6,986,854

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,460,165 · end of year $17,202,117

  • 4 · Accounts receivable

    beginning of year $1,653,829 · end of year $3,820,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,127,545 · end of year $3,308,139

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

    $9,331,176

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

    $4,217,253

  • 10c · Land, buildings and equipment, net

    beginning of year $3,734,642 · end of year $5,113,923

  • 11 · Investments: publicly traded securities

    beginning of year $77,389,023 · end of year $64,721,522

  • 15 · Other assets

    beginning of year $15,886,684 · end of year $3,557,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,134,024 · end of year $11,197,173

  • 19 · Deferred revenue

    beginning of year $92,225,694 · end of year $58,332,192

  • 24 · Unsecured notes and loans payable

    end of year $5,000,000

  • 25 · Other liabilities

    beginning of year $31,897,050 · end of year $33,821,717

  • 27 · Net assets without donor restrictions

    beginning of year -$26,004,880 · end of year -$10,626,608

Mission and programs · 2023

Mission

WTA TOUR, INC. ORGANIZES, SANCTIONS, ADMINISTERS, GOVERNS AND PROMOTES A SERIES OF WOMEN'S PROFESSIONAL TENNIS TOURNAMENTS WORLDWIDE FOR THE COMMON BENEFIT OF ITS MEMBERS, INCLUDING CURRENT PROFESSIONAL WOMEN TENNIS PLAYERS, PARTICIPATING TOURNAMENTS THAT HAVE RECEIVED A SANCTION, AND THE INTERNATIONAL TENNIS FEDERATION REPRESENTING ITS MEMBER NATIONAL TENNIS ASSOCIATIONS.

Activities or mission (Part I)

TO PROMOTE THE GROWTH AND RECOGNITION OF WOMEN'S TENNIS WORLDWIDE.

  • SPONSORSHIPS - THE WTA HAS VARIOUS SPONSORSHIP AGREEMENTS THATPROVIDE FOR ANNUAL FEES. THE WTA HAS CERTAIN OBLIGATIONS UNDERTHESE AGREEMENTS AND HAVE BEEN GRANTED CERTAIN RIGHTS BY THETOURNAMENT CLASS MEMBERS AND PLAYER CLASS MEMBERS AS REQUIRED BYTHESE SPONSORS UNDER THESE AGREEMENTS.

  • TOUR OPERATIONS FEES- REPRESENTS FEES TO THE WTA TOUR TOORGANIZE, ADMINISTER AND GOVERN THE ANNUAL TOUR AS WELL AS FUNDCERTAIN PROGRAM SERVICES EXPENSES.

  • TELEVISION BROADCASTING AND DATA - THE WTA HAS MEDIA RIGHTS AGREEMENTS FOR THE BROADCAST OF CERTAIN TOURNAMENT MATCHES AND LICENSE OF MATCH DATA. THE WTA HAS BEEN GRANTED CERTAIN RIGHTS AS REQUIRED BY THE MEDIA RIGHTS AGREEMENTS FROM TOURNAMENT CLASS MEMBERS AND LICENSED EVENTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE SIMON

    CHAIRMAN AND CEO

    Total calculated
    $1,385,364
    From this org
    $1,357,739
    From related orgs
    $0
    Other
    $27,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,344,993
    Bonus
    $0
    Other
    $12,746
    Deferred
    $9,900
    Nontaxable benefits
    $17,725
    Filer's total
    $1,385,364

  • ADAM BARRETT

    TOURNAMENT CLASS DIRECTOR

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • GAVIN ZIV

    TOURNAMENT CLASS DIRECTOR

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PETER MICHAEL REICHEL

    TOURNAMENT CLASS DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • CAMERON PEARSON

    TOURNAMENT CLASS DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • BOB MORAN

    TOURNAMENT CLASS DIRECTOR

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ANJA VREG

    PLAYER CLASS DIRECTOR

    Total calculated
    $86,000
    From this org
    $0
    From related orgs
    $86,000
    Other
    $0
    Hours/week
    5

  • VANESSA WEBB

    PLAYER CLASS DIRECTOR

    Total calculated
    $113,333
    From this org
    $0
    From related orgs
    $113,333
    Other
    $0
    Hours/week
    5 + 5 related

  • BRANDON BURKE

    PLAYER CLASS DIRECTOR (ALT

    Total calculated
    $87,000
    From this org
    $0
    From related orgs
    $87,000
    Other
    $0
    Hours/week
    5

  • KRISTIE AHN THRU 82023

    PLAYER CLASS DIRECTOR

    Total calculated
    $55,000
    From this org
    $0
    From related orgs
    $55,000
    Other
    $0
    Hours/week
    5

  • DAVID HAGGERTY

    FEDERATION CLASS DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KRIS DENT THRU 122023

    FEDERATION CLASS DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KURT ZUMWALT AS OF 82023

    PLAYER CLASS DIRECTOR

    Total calculated
    $39,167
    From this org
    $0
    From related orgs
    $39,167
    Other
    $0
    Hours/week
    5

  • JACKIE NESBITT AS OF 122023

    FEDERATION CLASS DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHANNA LAWLER

    PRESIDENT

    Total calculated
    $1,412,007
    From this org
    $1,350,529
    From related orgs
    $0
    Other
    $61,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,245,788
    Bonus
    $96,000
    Other
    $8,741
    Deferred
    $27,400
    Nontaxable benefits
    $34,078
    Filer's total
    $1,412,007

  • MATTHEW CENEDELLA

    COO AND TREASURER

    Total calculated
    $738,837
    From this org
    $716,649
    From related orgs
    $0
    Other
    $22,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $649,767
    Bonus
    $64,272
    Other
    $2,610
    Deferred
    $9,900
    Nontaxable benefits
    $12,288
    Filer's total
    $738,837

  • COURTNEY MCBRIDE

    CORPORATE SECRETARY

    Total calculated
    $324,532
    From this org
    $292,118
    From related orgs
    $0
    Other
    $32,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,332
    Bonus
    $23,031
    Other
    $755
    Deferred
    $8,314
    Nontaxable benefits
    $24,100
    Filer's total
    $324,532

  • FABRICE CHOUQUET

    MANAGING DIRECTOR - ASIA P

    Total calculated
    $570,123
    From this org
    $536,123
    From related orgs
    $0
    Other
    $34,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $505,401
    Bonus
    $29,967
    Other
    $755
    Deferred
    $9,900
    Nontaxable benefits
    $24,100
    Filer's total
    $570,123

  • MELISSA PINE

    VICE PRESIDENT

    Total calculated
    $347,351
    From this org
    $329,986
    From related orgs
    $0
    Other
    $17,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,938
    Bonus
    $18,318
    Other
    $730
    Deferred
    $9,455
    Nontaxable benefits
    $7,910
    Filer's total
    $347,351

  • JOAN PENNELLO

    SR VICE PRESIDENT

    Total calculated
    $275,690
    From this org
    $256,385
    From related orgs
    $0
    Other
    $19,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,598
    Bonus
    $14,046
    Other
    $741
    Deferred
    $4,800
    Nontaxable benefits
    $14,505
    Filer's total
    $275,690

  • KATHLEEN STROIA

    SR VICE PRESIDENT

    Total calculated
    $322,232
    From this org
    $305,466
    From related orgs
    $0
    Other
    $16,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,895
    Bonus
    $15,840
    Other
    $731
    Deferred
    $8,856
    Nontaxable benefits
    $7,910
    Filer's total
    $322,232

  • DAVID PALANZO

    SR VICE PRESIDENT

    Total calculated
    $302,310
    From this org
    $270,587
    From related orgs
    $0
    Other
    $31,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,801
    Bonus
    $23,031
    Other
    $755
    Deferred
    $7,623
    Nontaxable benefits
    $24,100
    Filer's total
    $302,310

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: JOHANNA LAWLER THE VALUE OF THE BENEFIT IS INCLUDED IN INCOME.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WTA VENTURES LLC

    RELATED OR EXEMPT · SPECTATOR SPORTS · FL · 96% owned · share of income $67,109,529 · share of assets $75,454,241

    Directly controlled by WTA TOUR INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WTA TOUR (HONG KONG) LIMITED - FOREIGN

    C · SPECTATOR SPORTS · HK · 100% owned · share of income -$99,318 · share of assets $136,797 · controlled entity

    Directly controlled by WTA TOUR

  • BEIJING WTA TOUR CONSULTING CO LTD - FOREIGN

    C · SPORTS CONSULTING · CH · 100% owned · share of income -$766,431 · share of assets $1,182,599 · controlled entity

    Directly controlled by WTA HONG KONG

  • SHENZHEN WTA TOUR CONSULTING CO LTD - FOREIGN

    C · SPORTS CONSULTING · CH · 100% owned · share of income -$34,838 · share of assets $73,164 · controlled entity

    Directly controlled by WTA HONG KONG

  • WTA TOUR (UK) LIMITED

    C · SPECTATOR SPORTS · UK · 100% owned · controlled entity

    Directly controlled by WTA TOUR

  • WTA VENTURES (UK) OPERATIONS LIMITED

    C · SERVICES · UK · 96% owned · share of income $68,773 · share of assets $482,117 · controlled entity

    Directly controlled by WTA TOUR

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202541219349303074

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