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Nonprofiteer
← PHILCREST HILLS TENNIS CLUB INC

Form 990 for tax year 2024

Filed by PHILCREST HILLS TENNIS CLUB INC.

Totals

Total revenue
$1,498,484
Total expenses
$1,436,818
Contributions and grants received
$107,485
Grants paid
$0
Program service revenue
$1,326,614
Investment income
$945
Other revenue
$63,440
Total assets, end of year
$1,916,622
Total liabilities, end of year
$977,358
Net assets or fund balances, end of year
$939,264
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $107,485

  • 2a · Program service revenue: Membership Dues & Assessments

    total $1,326,614 · related or exempt $1,326,614

  • 3 · Investment income

    total $945 · related or exempt $945

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $122,040

  • 10b · Cost of goods sold

    $82,228

  • 10c · Net income from sales of inventory

    total $39,812 · related or exempt $39,812

  • 11a · Other revenue: Guest Fees

    total $23,628 · unrelated business $23,628

  • 11b · Other revenue: USTA Pro Tournament

  • 11e · Other revenue, total

    $23,628

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $158,578

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $631,887

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $72,906

  • 10 · Payroll taxes

    total $60,050

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $8,343

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $76,380

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $46,173

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $47,820

  • 23 · Insurance

    total $0

  • 24a · Other expenses: USTA Tournament Expenses

    total $102,236

  • 24b · Other expenses: Supplies

    total $64,053

  • 24c · Other expenses: Repairs & Maintenance

    total $56,893

  • 24d · Other expenses: Contract Services

    total $29,185

  • 24e · All other expenses

    total $82,314

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,897 · end of year $19,608

  • 2 · Savings and temporary cash investments

    beginning of year $110,169 · end of year $95,000

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $90,906 · end of year $73,786

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $21,921 · end of year $18,288

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $3,880,375

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

    $2,170,435

  • 10c · Land, buildings and equipment, net

    beginning of year $1,615,261 · end of year $1,709,940

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,176 · end of year $14,331

  • 23 · Secured mortgages and notes payable

    beginning of year $975,318 · end of year $942,425

  • 25 · Other liabilities

    beginning of year $18,062 · end of year $20,602

  • 29 · Capital stock, trust principal or current funds

    beginning of year $194 · end of year $194

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $722,293 · end of year $722,293

  • 31 · Retained earnings, endowment or other funds

    beginning of year $155,111 · end of year $216,777

Mission and programs · 2024

Mission

Philcrest Hills Tennis Club serves approximately 300 members with tennis facilities and related services

  • Not required for 501(C)(7) organizations.

As filed on the 2024 return.

Listed in Part VII

  • James R Warner

    Executive Direc

    Total calculated
    $158,578
    From this org
    $158,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $158,578
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $158,578
  • Melissa Little

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Kelly Dudney

    Secretary

    Total calculated
    $0
    Hours/week
    0
  • Kimberly Jones

    President

    Total calculated
    $0
    Hours/week
    0
  • Laurie Alfey

    Director

    Total calculated
    $0
    Hours/week
    0
  • David Siegler

    Vice President

    Total calculated
    $0
    Hours/week
    0
  • Terry Grewe

    Director

    Total calculated
    $0
    Hours/week
    0
  • Jay Penn

    Director

    Total calculated
    $0
    Hours/week
    0
  • Thomas Gillock

    Director

    Total calculated
    $0
    Hours/week
    0
  • Treak Tasker

    Director

    Total calculated
    $0
    Hours/week
    0

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 · 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 December 2025
IRS schema version
2024v5.2
Source object
202543429349300304

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