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Nonprofiteer
← NATIONAL TENNIS FOUNDATION INC

Form 990 for tax year 2024

Filed by NATIONAL TENNIS FOUNDATION INC.

Totals

Total revenue
$323,527
Total expenses
$604,922
Contributions and grants received
$323,527
Grants paid
$554,191
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$103,912
Total liabilities, end of year
$13,376
Net assets or fund balances, end of year
$90,536
Program services expenses (Part IX)
$554,191
Management and general expenses
$0
Fundraising expenses
$50,731
Program service expenses (Part III)
$554,191

Program services were 91.6% 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

    $323,527

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $554,191 · program services $554,191

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $0 · management and general $0 · fundraising $30,000

  • 10 · Payroll taxes

    total $4,369 · program services $0 · management and general $0 · fundraising $4,369

  • 13 · Office expenses

    total $16,362 · program services $0 · management and general $0 · fundraising $16,362

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,818 · end of year $103,912

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,887 · end of year $13,376

  • 31 · Retained earnings, endowment or other funds

    beginning of year $371,931 · end of year $90,536

Mission and programs · 2024

Mission

The National Tennis Foundations Mission is to identify children with economic need regardless of race or economic means, using sport, academic, or mental support programs to give children in need a positive, impactful and nurturing environment which will lead to growth and success.

  • High Performance Tennis Grants: The National Tennis Foundatin (NTF) makes grants to underserved high performance jounior tennis players who seek to play tennis at the collegiate or pro level. Grants are made for tennis training, tournament travel, coaching and housing. High performance players must maintain a top ranking in country, achieve a 3.3 or higher GPA in school and provide community service hours in order to maintain their financial support.

    Expenses $52,580

  • 0 The NTF works with and makes grants to approved chapter organizations, affiliated ATP / WTA player charities, and worthy tennis centered foundations that support the NTF ongoing mission of providing life skills programming and mentoring to under-served and At Risk yous ages 8 - 18. NTF seeks to put childern on a path to become leaders, students and athletes within their community with the end goal of earning acceptance into college and playing tennis at the collegiate level.

    Expenses $501,611

  • High Performance Tennis Grants:

  • Life Skills Program Grants: NTF supported the Marty Hennessy Jr. Tennis Foundation, Inspiring Children Foundation, Boys & Girls Clubs of Sarasota, and South Fulton Tennis Foundation during calendar 2024. These foundations served over 750 youth in life skills training.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Gareleck

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Jay Bailey

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Robert Celona

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Trevor Short

    Director

    Total calculated
    $0
    Hours/week
    10

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
14 March 2025
IRS schema version
2024v5.2
Source object
202503219349304510

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