Form 990 for tax year 2023
Filed by MILWAUKEE TENNIS & EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $376,675
- Total expenses
- $267,980
- Contributions and grants received
- $359,874
- Grants paid
- $0
- Program service revenue
- $15,396
- Investment income
- $13,260
- Other revenue
- -$11,855
- Total assets, end of year
- $608,806
- Total liabilities, end of year
- $30,665
- Net assets or fund balances, end of year
- $578,141
- Program services expenses (Part IX)
- $198,039
- Management and general expenses
- $49,410
- Fundraising expenses
- $20,531
- Program service expenses (Part III)
- $198,039
Program services were 73.9% 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.
-
1c · Fundraising events
$108,606
-
1f · All other contributions, gifts and grants
$251,268
-
1g · Noncash contributions included above
$2,825
-
2a · Program service revenue: REGISTRATION FEES
total $15,396 · related or exempt $15,396
-
3 · Investment income
total $13,260 · excluded $13,260
-
8a · Fundraising events: gross income
$37,362
-
8a · Fundraising events: contributions included on line 1c
$108,606
-
8b · Fundraising events: direct expenses
$50,062
-
8c · Net income from fundraising events
total -$12,700 · excluded -$12,700
-
11a · Other revenue: MISCELLANEOUS INCOME
total $845 · related or exempt $845
-
11e · Other revenue, total
$845
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,000 · program services $73,812 · management and general $9,338 · fundraising $8,850
-
7 · Other salaries and wages
total $93,418 · program services $74,958 · management and general $9,477 · fundraising $8,983
-
9 · Other employee benefits
total $434 · program services $304 · management and general $94 · fundraising $36
-
10 · Payroll taxes
total $14,084 · program services $11,279 · management and general $1,440 · fundraising $1,365
-
11c · Fees: accounting
total $6,600 · program services $1,000 · management and general $5,600
-
11g · Fees: other
total $9,906 · program services $1,500 · management and general $8,406
-
13 · Office expenses
total $10,333 · program services $4,520 · management and general $5,583 · fundraising $230
-
14 · Information technology
total $7,928 · program services $7,928
-
17 · Travel
total $366 · program services $333 · management and general $33
-
23 · Insurance
total $3,015 · program services $110 · management and general $2,905
-
24a · Other expenses: COURT TIME
total $9,257 · program services $9,257
-
24b · Other expenses: NON COURT TIME
total $3,071 · program services $3,071
-
24c · Other expenses: IN KIND EXPENSES
total $2,825 · program services $2,825
-
24d · Other expenses: FOOD
total $1,960 · program services $1,190 · management and general $770
-
24e · All other expenses
total $12,783 · program services $5,952 · management and general $5,764 · fundraising $1,067
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $438,286 · end of year $454,059
-
2 · Savings and temporary cash investments
beginning of year $51,509 · end of year $150,096
-
4 · Accounts receivable
end of year $4,219
-
9 · Prepaid expenses and deferred charges
beginning of year $4,650 · end of year $432
-
17 · Accounts payable and accrued expenses
beginning of year $25,522 · end of year $30,665
-
27 · Net assets without donor restrictions
beginning of year $422,213 · end of year $514,565
-
28 · Net assets with donor restrictions
beginning of year $46,710 · end of year $63,576
Mission and programs · 2023
Mission
THE MISSION OF MILWAUKEE TENNIS & EDUCATION FOUNDATION IS TO IMPROVE THE LIVES AND FUTURES OF MILWAUKEE'S YOUTH THROUGH TENNIS, EDUCATION AND MENTORING.
Activities or mission (Part I)
TO IMPROVE THE LIVES AND FUTURES OF MILWAUKEE'S YOUTH THROUGH TENNIS, EDUCATION AND MENTORING.
-
THE ORGANIZATION PROMOTES TENNIS IN THE STATE OF WISCONSIN, WHILE ALSO PROVIDING EDUCATIONAL TUTORING TO CHILDREN IN MILWAUKEE.
Expenses $198,039 · Revenue $16,241
As filed on the 2023 return.
Listed in Part VII
-
TIMON CORWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH A HORNEFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KURT JANAVITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS SCHIFANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MAKDA FESSEHAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARY FRAN CAHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
IAN MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY DAVIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DONNA DROSNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TREVOR D'SOUZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARAN QUADRACCI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES MULCAHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS O'BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EARL ARMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAJIT SALUJA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL SPERLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOANNE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISOPHER CONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN KENDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JODI KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA WINDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DENNY SCHACKTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GINA VECERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN ELLENBECKER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
VUK TEOFANOVIC
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
RACHAEL BADT
CURRENT EXECUTIVE DIRECTOR
- Total calculated
- $92,231
- From this org
- $92,231
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
SEAN BAILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL BUCKHOLDT
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 27 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202411799349301021
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