INTERNATIONAL TENNIS HALL OF FAME INCORPORATED

EIN: 136144356 501(c)(3) Recreation & Sports

NEWPORT, RI

Total Revenue
$32,687,895
Total Expenses
$15,583,191
Total Assets
$94,087,705
Net Assets
$91,519,819
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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
RI
Principal Officer
BREWER ROWE
Phone
4018493990
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL TENNIS HALL OF FAME INCORPORATED, founded in 1951, is a mid-sized nonprofit in the Recreation & Sports sector that reported $32.7M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.1M, a strong 52% operating margin.

Mission

THE INTERNATIONAL TENNIS HALL OF FAME (ITHF) IS A NOT-FOR-PROFIT (501C3) ORGANIZATION DEDICATED TO PRESERVING THE HISTORY AND CELEBRATING ACHIEVEMENTS OF TENNIS WORLDWIDE. ESTABLISHED IN 1954 AND LOCATED IN NEWPORT, RHODE ISLAND, THE HALL OF FAME SERVES AS BOTH A MUSEUM AND A HALL OF RECOGNITION FOR THE SPORT'S MOST OUTSTANDING PLAYERS, CONTRIBUTORS, AND EVENTS.

Program Service Accomplishments

Program 1
Expenses: $3,399,362 Revenue: $4,978,522

TENNIS TOURNAMENT - THE INFOSYS HALL OF FAME OPEN FOR THE VAN ALEN CUP IS AN ATP TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS OF THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS...

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TENNIS TOURNAMENT - THE INFOSYS HALL OF FAME OPEN FOR THE VAN ALEN CUP IS AN ATP TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS OF THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS 28 OF THE TOP MALE PLAYERS IN THE WORLD COMPETING FOR THE VAN ALEN CUP AND 32 MALE PLAYERS COMPETE FOR THE DOUBLES TITLE. THE TOURNAMENT IS THE ONLY ATP TOUR STOP IN THE NORTHEAST AND THE ONLY EVENT TO BE PLAYED ON GRASS COURTS OUTSIDE OF EUROPE.

Program 2
Expenses: $2,844,537 Revenue: $2,823,001

TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALLS OF FAME WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS...

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TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALLS OF FAME WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS. PLAYERS OF EVERY AGE AND ANY ABILITY LEVEL HAVE THE OPPORTUNITY TO PLAY TENNIS ON THE HALL OF FAME'S LEGENDARY GRASS COURTS, WHERE THE FIRST US NATIONAL TENNIS CHAMPIONSHIPS WERE HELD IN 1881. TENNIS CHAMPIONS PAST AND PRESENT HAVE GRACED THE HALL OF FAME'S GRASS COURTS INCLUDING BILLIE JEAN KING, ROD LAVER, MARTINA NAVRATILOVA, JOHN MCENROE - JUST TO NAME A FEW. THE HALL OF FAME TENNIS CLUB OFFERS ADULT AND JUNIOR TENNIS PROGRAMMING YEAR-ROUND, WITH 6 HARD COURTS, 13 GRASS COURTS, AND 1 CLAY COURT AVAILABLE.

Program 3
Expenses: $3,103,611 Revenue: $305,853

INDUCTION - THE INTERNATIONAL TENNIS HALL OF FAME WAS ESTABLISHED IN 1954 AT THE NEWPORT CASINO AS A "SHRINE TO THE IDEALS OF THE GAME". ORIGINALLY NAMED THE NATIONAL LAWN TENNIS HALL OF FAME, IT WAS...

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INDUCTION - THE INTERNATIONAL TENNIS HALL OF FAME WAS ESTABLISHED IN 1954 AT THE NEWPORT CASINO AS A "SHRINE TO THE IDEALS OF THE GAME". ORIGINALLY NAMED THE NATIONAL LAWN TENNIS HALL OF FAME, IT WAS SANCTIONED BY THE UNITED STATES TENNIS ASSOCIATION IN 1954. THE FIRST CLASS WAS INDUCTED INTO THE HALL OF FAME IN 1955. IN 1986, WE ACHIEVED WORLDWIDE RECOGNITION AS THE SPORT'S OFFICIAL HALL OF FAME BY THE INTERNATIONAL TENNIS FEDERATION. INDIVIDUALS ARE ELECTED BASED ON THEIR RECORDS OF COMPETITIVE ACHIEVEMENT, WITH ANCILLARY CONSIDERATION GIVEN TO SPORTSMANSHIP AND CHARACTER. INDIVIDUALS ARE ELECTED IN ONE OF THREE CATEGORIES: PLAYER, CONTRIBUTOR, AND WHEELCHAIR. A SERIES OF VOTING PANELS REPRESENTING THE INTERNATIONAL TENNIS COMMUNITY VOTE TO ELECT THESE INDIVIDUALS FOR INDUCTION. THE INDUCTION CEREMONY OCCURS AT THE INTERNATIONAL TENNIS HALL OF FAME EACH JULY. THE MUSEUM, HOUSED IN THE NEWPORT CASINO, WAS BUILT BY JAMES GORDON BENNETT IN 1880. THE NEWPORT CASINO WAS DECLARED A NATIONAL HISTORIC LANDMARK IN 1987, AND BECAME THE FIRST SPORTS HALL OF FAME TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS IN 2013 AND REACCREDITED IN 2022. THE HISTORIC NEWPORT CASINO IS AN UNCOMMON EXAMPLE OF SPORTING EXCELLENCE. THE EXHIBITS HIGHLIGHT THE GROWTH AND DEVELOPMENT OF TENNIS THROUGH THE 21ST CENTURY, WITH A PARTICULAR EMPHASIS ON ITS CULTURAL IMPACT. THE STORIES OF OUR HALL OF FAMERS, FROM OUR FIRST CLASS IN 1955 TO TODAY, ARE TOLD THROUGHOUT THE GALLERIES PROVIDING PERSONAL INSIGHT INTO THE HISTORICAL DEVELOPMENTS OF THE GAME. THE EXHIBITS ARE DRAMATICALLY SET IN THE ORIGINAL ROOMS OF THE NEWPORT CASINO, WHERE VISITORS OF ALL AGES CAN DELIGHT IN STANFORD WHITE'S ARCHITECTURAL DETAIL. THE WOOLARD FAMILY INDUCTION GALLERY HONORS THE GREATEST CHAMPIONS, INNOVATORS, AND ADMINISTRATORS OF TENNIS WHO HAVE BEEN INDUCTED INTO THE HALL OF FAME.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,192,250
Program Service Revenue $8,634,615
Investment Income $18,959,547
Other Revenue $901,483
TOTAL REVENUE $32,687,895

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $6,400,577
Fundraising Expenses $1,438,901
Program Expenses $10,094,298
Other Expenses $9,132,614
TOTAL EXPENSES $15,583,191

Year-over-Year Comparison

2023 2022 Change
Revenue $32,687,895 $17,192,948 +0.9%
Expenses $15,583,191 $14,001,726 +0.1%
Net Income $17,104,704 $3,191,222 +4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
20
Employees
140
Volunteers
239

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$759,282
Total Directors
24
$174,231
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL SWAN CHAIRMAN 30.00
Officer Director
$0 $0 $0
PATRICK MCENROE PRESIDENT (AS OF 5/23) 20.00
Officer Director
$174,231 $0 $174,231
RUSSELL P FRADIN VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
GIGI FERNANDEZ VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
KURT L WRIGHT TREASURER 0.50
Officer Director
$0 $0 $0
ANDREA W RICE SECRETARY 0.50
Officer Director
$0 $0 $0
DOMINIC CASSERLEY EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
LINDA GLASSEL EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
GARY C TOLMAN EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
RAOUL J HUET EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
DEBORAH S LARKIN EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
ANDREA L LISHER EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
PHILIP DE PICCIOTTO EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
KATRINA M ADAMS EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
DAVID GOULDEN EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
DAVID A HAGGERTY EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
ALAN G MNUCHIN EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
DEBORAH C ANTOINE EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
VICTOR K KIAM EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
LAURIE A ERLANDSON EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
LAKSHMAN CHARANJIVA EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
JAMES M CITRIN EXECUTIVE COMMITTEE (TO 12/23) 0.50
Director
$0 $0 $0
STEPHEN R LEWINSTEIN EXECUTIVE COMMITTEE (TO 12/23) 0.50
Director
$0 $0 $0
MICHAEL F GOSS EXECUTIVE COMMITTEE (TO 12/23) 0.50
Director
$0 $0 $0
DANIEL JACK FABER CEO (AS OF 5/23) 60.00
Officer
$359,645 $29,951 $389,596
BREWER ROWE SVP, OPERATIONS 45.00
Officer
$171,530 $23,925 $195,455
STACEY LOCKER SVP ADVANCEMENT 45.00
Highest
$162,329 $34,671 $197,000
JULIANNA BARBIERI PIGGIN SR VP, CONTENT AND PARTNERSH 45.00
Highest
$167,988 $18,143 $186,131
ANNE MARIE MCLAUGHLIN VP STRATEGIC INITIATIVES AND INDUSTRY RELATIONS 45.00
Highest
$139,042 $5,777 $144,819
WILLIAM MOUNTFORD DIRECTOR OF TENNIS 45.00
Highest
$206,198 $30,501 $236,699
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $32,687,895 $15,583,191 $94,087,705 $17,104,704
2022 $17,192,948 $14,001,726 $72,794,208 $3,191,222
2021 $14,024,189 $12,073,783 $82,551,116 $1,950,406
2020 $9,286,776 $8,864,402 $77,796,045 $422,374
2019 $17,779,620 $11,929,565 $72,071,973 $5,850,055
2018 $10,909,561 $11,668,448 $64,433,387 $-758,887
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