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← WTA FOUNDATION INC

Form 990 for tax year 2024

Filed by WTA FOUNDATION INC.

Totals

Total revenue
$3,215,072
Total expenses
$1,305,299
Contributions and grants received
$3,215,072
Grants paid
$421,201
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,390,874
Total liabilities, end of year
$255,443
Net assets or fund balances, end of year
$3,135,431
Program services expenses (Part IX)
$1,004,183
Management and general expenses
$25,770
Fundraising expenses
$275,346
Program service expenses (Part III)
$1,004,183

Program services were 76.9% 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.

  • 1d · Related organizations

    $360,000

  • 1f · All other contributions, gifts and grants

    $2,855,072

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $230,000 · program services $230,000

  • 2 · Grants to domestic individuals

    total $5,400 · program services $5,400

  • 3 · Grants to foreign organizations and individuals

    total $185,801 · program services $185,801

  • 11b · Fees: legal

    total $9,952 · management and general $9,952

  • 11c · Fees: accounting

    total $4,250 · management and general $4,250

  • 11g · Fees: other

    total $165,000 · program services $165,000

  • 12 · Advertising and promotion

    total $274,887 · fundraising $274,887

  • 13 · Office expenses

    total $10,453 · program services $3,777 · management and general $6,440 · fundraising $236

  • 17 · Travel

    total $48,258 · program services $48,258

  • 19 · Conferences, conventions and meetings

    total $363,281 · program services $362,740 · management and general $518 · fundraising $23

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,017 · program services $3,207 · management and general $4,610 · fundraising $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053,272 · end of year $3,050,057

  • 3 · Pledges and grants receivable

    beginning of year $160,000 · end of year $275,000

  • 11 · Investments: publicly traded securities

    beginning of year $45,582 · end of year $65,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,531 · end of year $226,730

  • 25 · Other liabilities

    beginning of year $0 · end of year $28,713

  • 27 · Net assets without donor restrictions

    beginning of year $1,177,323 · end of year $3,135,431

Mission and programs · 2024

Mission

THE MISSION OF THE WTA FOUNDATION IS TO EMPOWER GIRLS AND WOMEN TO LIVE FULLY AND SUPPORT OUR WTA COMMUNITIES WORLDWIDE THROUGH INITIATIVES PROMOTING EQUALITY, EDUCATION, LEADERSHIP, AND HEALTH & WELLNESS.

Activities or mission (Part I)

TO EMPOWER GIRLS AND WOMEN TO LIVE FULLY AND SUPPORT OUR WTA COMMUNITIES WORLDWIDE THROUGH INITIATIVES PROMOTING EQUALITY, EDUCATION, LEADERSHIP, AND HEALTH & WELLNESS.

  • TO PROMOTE THE INTERESTS OF ONE OR MORE PUBLIC CHARITIES AND FOUNDATIONS; PROVIDE ASSISTANCE TO MEMBERS OF THE GLOBAL WOMEN'S TENNIS COMMUNITY AND OTHERS IN NEED; PROMOTE EDUCATION, SPORTS, HEALTH, COMMUNITY SERVICE, EMPOWERMENT, EQUALITY, AND CARE; ASSIST AND MENTOR YOUTH THROUGH SPORT, EDUCATION, INVOLVEMENT, AND FINANCIAL SUPPORT; AND PROMOTE AND ASSIST WITH COMMUNITY-LEVEL GRASS ROOTS EFFORTS THAT ENCOURAGE AND SUPPORT OPPORTUNITY, PERSONAL ACHIEVEMENT, SELF-ESTEEM, AND RESPECT.

    Expenses $1,004,183 · Grants $421,201

As filed on the 2024 return.

Listed in Part VII

  • Steve Simon

    PRESIDENT

    Total calculated
    $1,389,463
    From this org
    $0
    From related orgs
    $1,357,575
    Other
    $31,888
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,357,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $21,538 related
    Filer's total
    $0 + $1,389,463 related

  • Pam Shriver

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bob Moran

    TOURNAMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Burke

    PLAYER DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniela Hantuchova

    WTA ALUMNAE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tracy Austin

    WTA ALUMNAE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jan Soderstrom

    INDEPENDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matthew Cenedella

    TREASURER (THRU MID-DEC)

    Total calculated
    $700,311
    From this org
    $0
    From related orgs
    $673,542
    Other
    $26,769
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $673,542 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $16,419 related
    Filer's total
    $0 + $700,311 related

  • Gina Giacusa

    SECRETARY (THRU MID-DEC)

    Total calculated
    $183,545
    From this org
    $0
    From related orgs
    $177,243
    Other
    $6,302
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,243 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,151 related
    Nontaxable benefits
    $0 + $1,151 related
    Filer's total
    $0 + $183,545 related

  • Ann Austin

    CHARITY ADMINSTRATOR

    Total calculated
    $161,413
    From this org
    $0
    From related orgs
    $129,681
    Other
    $31,732
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,681 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,937 related
    Nontaxable benefits
    $0 + $27,795 related
    Filer's total
    $0 + $161,413 related

  • Portia Archer

    TREASURER (BEG MID-DEC)

    Total calculated
    $501,810
    From this org
    $0
    From related orgs
    $484,900
    Other
    $16,910
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,265 related
    Nontaxable benefits
    $0 + $9,645 related
    Filer's total
    $0 + $501,810 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT (CEO OF WTA TOUR INC) IS DETERMINED BY THE FINANCE AND AUDIT COMMITTEE OF WTA TOUR AND IS APPROVED BY THE WTA TOUR BOARD.

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

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.

  • WTA TOUR INC

    501(C)(6) · TO PROMOTE THE GROWTH & RECOGNITION OF WOMEN'S TENNIS WORLDWIDE · NY

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349323269

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