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Nonprofiteer
← WTA FOUNDATION INC

Form 990 for tax year 2023

Filed by WTA FOUNDATION INC.

Totals

Total revenue
$1,132,595
Total expenses
$539,005
Contributions and grants received
$1,132,595
Grants paid
$303,804
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,258,854
Total liabilities, end of year
$81,531
Net assets or fund balances, end of year
$1,177,323
Program services expenses (Part IX)
$494,032
Management and general expenses
$41,672
Fundraising expenses
$3,301
Program service expenses (Part III)
$494,032

Program services were 91.7% 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

    $160,000

  • 1f · All other contributions, gifts and grants

    $972,595

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,420 · program services $143,420

  • 3 · Grants to foreign organizations and individuals

    total $160,384 · program services $160,384

  • 11a · Fees: management

    total $600 · program services $240 · management and general $345 · fundraising $15

  • 11b · Fees: legal

    total $18,196 · management and general $18,196

  • 11g · Fees: other

    total $162,900 · program services $150,000 · management and general $12,900

  • 12 · Advertising and promotion

    total $2,875 · fundraising $2,875

  • 13 · Office expenses

    total $17,042 · program services $6,508 · management and general $10,127 · fundraising $407

  • 16 · Occupancy

    total $180 · program services $72 · management and general $104 · fundraising $4

  • 17 · Travel

    total $10,453 · program services $10,453

  • 19 · Conferences, conventions and meetings

    total $22,955 · program services $22,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,135 · end of year $1,053,272

  • 3 · Pledges and grants receivable

    beginning of year $50,500 · end of year $160,000

  • 11 · Investments: publicly traded securities

    beginning of year $25,200 · end of year $45,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,033 · end of year $81,531

  • 25 · Other liabilities

    beginning of year $3,451 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $563,351 · end of year $1,177,323

Mission and programs · 2023

Mission

WTA FOUNDATION EMPOWERS GIRLS AND WOMEN TO LIVE FULLY AND SUPPORTS WTA COMMUNITIES WORLDWIDE THROUGH INITIATIVES PROMOTING EQUALITY, EDUCATION, LEADERSHIP, AND HEALTH AND WELLNESS.

Activities or mission (Part I)

WTA FOUNDATION, INC. IS SETTING OUT TO MAKE A POSITIVE IMPACT IN PEOPLE'S LIVES USING TENNIS AS A PLATFORM. PROMOTING, EDUCATING AND SUPPORTING HEALTHY AND ACTIVE LIVES THROUGH BOTH PHYSICAL AND MENTAL HEALTH.

  • 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 $494,032 · Grants $303,804

As filed on the 2023 return.

Listed in Part VII

  • Steve Simon

    PRESIDENT

    Total calculated
    $1,385,364
    From this org
    $0
    From related orgs
    $1,357,739
    Other
    $27,625
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,357,739 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,625 related
    Filer's total
    $0 + $1,385,364 related

  • Pam Shriver

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • 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 Cendella

    TREASURER

    Total calculated
    $738,838
    From this org
    $0
    From related orgs
    $716,650
    Other
    $22,188
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $716,650 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,188 related
    Filer's total
    $0 + $738,838 related

  • Gina Giacusa

    SECRETARY

    Total calculated
    $175,501
    From this org
    $0
    From related orgs
    $146,598
    Other
    $28,903
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,598 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,319 related
    Nontaxable benefits
    $0 + $24,584 related
    Filer's total
    $0 + $175,501 related

  • Ann Austin

    CHARITY ADMINSTRATOR

    Total calculated
    $156,748
    From this org
    $0
    From related orgs
    $128,492
    Other
    $28,256
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,821 related
    Nontaxable benefits
    $0 + $24,435 related
    Filer's total
    $0 + $156,748 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
WRITTEN EMPLOYMENT CONTRACT WITH WTA TOUR, INC. THE CONTRACT 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) · WTA TOUR, INC. ORGANIZES, SANCTIONS, ADMINISTERS, GOVERNS AND PROMOTES A SER · FL

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349310576

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