Form 990 for tax year 2023
Filed by NORTH CAROLINA TENNIS FOUNDATION INC.
Totals
- Total revenue
- $378,929
- Total expenses
- $309,875
- Contributions and grants received
- $214,252
- Grants paid
- $85,454
- Program service revenue
- $106,091
- Investment income
- $27,631
- Other revenue
- $30,955
- Total assets, end of year
- $1,747,483
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,747,483
- Program services expenses (Part IX)
- $256,018
- Management and general expenses
- $53,857
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $256,018
Program services were 82.6% 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
$214,252
-
2a · Program service revenue: RENT-AFFILIATED EXEMPT ORG.
total $60,000 · excluded $60,000
-
2b · Program service revenue: TENNIS WEEKEND INCOME
total $35,869 · excluded $35,869
-
2c · Program service revenue: LICENSE PLATE INCOME
total $10,222 · excluded $10,222
-
3 · Investment income
total $30,749 · excluded $30,749
-
7a · Gross sales of assets other than inventory
securities $73,855 · other assets $3,997
-
7b · Less cost or other basis and sales expenses
securities $80,970
-
7c · Gain or loss
securities -$7,115 · other assets $3,997
-
7d · Net gain or loss
total -$3,118 · related or exempt -$7,115 · excluded $3,997
-
11a · Other revenue: MARKETING AND SPONSORSHIP
total $30,955 · related or exempt $30,955
-
11e · Other revenue, total
$30,955
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $36,046 · program services $36,046
-
2 · Grants to domestic individuals
total $49,408 · program services $49,408
-
7 · Other salaries and wages
total $77,825 · program services $51,884 · management and general $25,941
-
9 · Other employee benefits
total $10,274 · program services $6,849 · management and general $3,425
-
10 · Payroll taxes
total $4,567 · program services $3,044 · management and general $1,523
-
11c · Fees: accounting
total $7,200 · management and general $7,200
-
11f · Fees: investment management
total $8,034 · management and general $8,034
-
13 · Office expenses
total $1,046 · program services $1,046
-
16 · Occupancy
total $11,230 · program services $10,481 · management and general $749
-
17 · Travel
total $2,621 · program services $2,621
-
22 · Depreciation, depletion and amortization
total $18,125 · program services $16,916 · management and general $1,209
-
24a · Other expenses: ADVERTISING AND PROMOTION
total $71,592 · program services $71,592
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $9,229 · program services $4,614 · management and general $4,615
-
24c · Other expenses: PAYROLL SERVICE FEES
total $1,596 · program services $1,064 · management and general $532
-
24d · Other expenses: BANK CHARGES
total $597 · management and general $597
-
24e · All other expenses
total $485 · program services $453 · management and general $32
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $130,109 · end of year $192,431
-
8 · Inventories for sale or use
beginning of year $3,073 · end of year $3,073
-
10a · Land, buildings and equipment: cost or other basis
$725,000
-
10b · Land, buildings and equipment: accumulated depreciation
$351,926
-
10c · Land, buildings and equipment, net
beginning of year $391,199 · end of year $373,074
-
11 · Investments: publicly traded securities
beginning of year $1,025,290 · end of year $1,178,905
-
27 · Net assets without donor restrictions
beginning of year $1,211,134 · end of year $1,425,401
-
28 · Net assets with donor restrictions
beginning of year $338,537 · end of year $322,082
Mission and programs · 2023
Mission
THE NORTH CAROLIAN TENNIS FOUNDATION SUPPORTS ORGANIZATIONS AND PROGRAMS THAT ENHANCE THE LIVES OF PEOPLE THROUGH TENNIS AND EDUCATION AND PRESERVES THE HISTORY OF TENNIS IN NORTH CAROLINA
-
EXPENSES (DEPRECIATION EXPENSE, PROPERTY TAXES AND EQUIPMENT COSTS) RELATED TO FACILITIES BEING RENTED TO AN AFFILIATED TAX EXEMPT ORGANIZATION.
Expenses $23,872 · Revenue $60,000
-
CONTRIBUTIONS, GRANTS, SCHOLARSHIPS, AWARDS AND ASSISTANCE TO JUNIOR TENNIS LEAGUES, HIGH SCHOOL ATHLETIC PROGRAMS AND LOCAL SCHOOLS.
Expenses $182,172 · Grants $85,454
-
EXPENSES (HALL OF FAME AND HISTORY BOOK PROJECT) USED TO PROMOTE THE FUTURE OF TENNIS IN NORTH CAROLINA BY PRESERVING ITS RICH HISTORY.
Expenses $49,974
-
EXPENSES USED TO PROMOTE AND RAISE THE PUBLIC'S AWARENESS OF THE NORTH CAROLINA TENNIS FOUNDATION, INC.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KELLY GAINES
EXEC. DIRECT
- Total calculated
- $0
-
COOKIE GUARINI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
TED REESE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD HOLDERNESS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
DEBBIE SOUTHERN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY MATTHEWS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ANNA NEAL BLANCHARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN LOVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KEITH STONEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANDY AVRAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JIM CORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LINDSEY LINKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GRAY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MCCABE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TERESA LINDSAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANDY ANDREWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK DILLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ALFRED MAYS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MALCOLM GRAHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DONNA GAST
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
BILLY TROTT
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
PAULA HALE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF JOYCE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
CY KING
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
DRU MICHAELS
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
ALEX RUCKER
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
HENRY HOSTETLER
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
ANNA MARTIN
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
VICKI EVERETTE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
BONNIE VANDERGRIFT
PAST PRESIDE
- 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
-
NC HIGH SCHOOL ATHLETIC ASSOC
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411919349300921
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