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← PROFESSIONAL TENNIS REGISTRY FOUNDATION

Form 990 for tax year 2024

Filed by PROFESSIONAL TENNIS REGISTRY FOUNDATION.

Totals

Total revenue
$67,958
Total expenses
$86,638
Contributions and grants received
$17,033
Grants paid
$49,833
Program service revenue
$0
Investment income
$50,925
Other revenue
$0
Total assets, end of year
$541,095
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$541,095
Program services expenses (Part IX)
$55,006
Management and general expenses
$31,632
Fundraising expenses
$0
Program service expenses (Part III)
$86,638

Program services were 63.5% 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.

  • 1f · All other contributions, gifts and grants

    $17,033

  • 3 · Investment income

    total $22,379 · excluded $22,379

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $136,874

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

    securities $108,328

  • 7c · Gain or loss

    securities $28,546 · other assets $0

  • 7d · Net gain or loss

    total $28,546 · excluded $28,546

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,500 · program services $40,500

  • 3 · Grants to foreign organizations and individuals

    total $9,333 · program services $9,333

  • 7 · Other salaries and wages

    total $1,500 · management and general $1,500

  • 11b · Fees: legal

    total $6,200 · management and general $6,200

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11f · Fees: investment management

    total $9,050 · management and general $9,050

  • 12 · Advertising and promotion

    total $2,974 · program services $2,974

  • 13 · Office expenses

    total $1,184 · management and general $1,184

  • 14 · Information technology

    total $2,199 · program services $2,199

  • 17 · Travel

    total $1,554 · management and general $1,554

  • 19 · Conferences, conventions and meetings

    total $9,599 · management and general $9,599

  • 22 · Depreciation, depletion and amortization

    total $0

  • 24a · Other expenses: State Filing Fees

    total $45 · management and general $45

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,879 · end of year $26,648

  • 2 · Savings and temporary cash investments

    beginning of year $13,312 · end of year $6,329

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $536,586 · end of year $508,118

Mission and programs · 2024

Mission

The PTR Foundation provides grants to organizations and individuals in order to advance participation in the sport of tennis regardless of age or physical abilities. The goal is to make tennis available to everyone of all back rounds in order to instill self confidence and self fulfillment.

Activities or mission (Part I)

MAKING THE SPORT OF TENNISAVAILABLE TO EVERYONE. UTILIZING THE SPORT TO ENGAGE AND IMPROVE THE LIVES OF CHILDREN, TEENS AND ADULTS AS WELL HAS PEOPLE WITH DISABILITIES, HELPING TO BUILD CHARACTER AND CONFIDENCE.

  • The organization provided grants for tennis instruction, tennis equipment, training and lessons. Sponsored various tournaments and local championship matches.

    Expenses $86,638 · Grants $49,833

As filed on the 2024 return.

Listed in Part VII

  • Scott Tharp

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Jack Barker

    Sec/Treas

    Total calculated
    $0
    Hours/week
    1

  • Luciano Botti

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Roy Barth

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lucy Garvin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Loehr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ajay Pant

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Curtis Holland

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kristin Campbell

    Legal Council

    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

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.2
Source object
202610269349301576

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