RALEIGH TENNIS ASSOCIATION

EIN: 202930399 501(c)(3) Recreation & Sports

RALEIGH, NC

Total Revenue
$463,614
Total Expenses
$342,600
Total Assets
$506,685
Net Assets
$502,804
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
TERRY PERRONE
Phone
6037671006
Tax Period
2023-01-01 to 2023-12-31

RALEIGH TENNIS ASSOCIATION, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $464K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 26% operating margin.

Mission

RALEIGH TENNIS ASSOCIATION'S MISSION IS TO PROMOTE AND GROW THE GAME OF TENNIS IN THE RALEIGH, NORTH CAROLINA AREA AS A MEANS OF HEALTHY RECREATIONAL ACTIVITY AND PHYSICAL FITNESS; TO FOSTER A LIFETIME LOVE OF THE GAME OF TENNIS AND TO DO SO IN A DIVERSE, INCLUSIVE ENVIRONMENT FOR EVERYONE; TO ADMINISTER AND/OR OPERATE TENNIS PROGRAMS, ACTIVITIES, AND EVENTS IN THE CITY OF RALEIGH; TO REPRESENT RALEIGH AS A COMMUNITY TENNIS ASSOCIATION (CTA) AND MEMBER OF THE USTA NC; AND TO ENGAGE IN ANY OTHER LAWFUL ACTIVITY AUTHORIZED BY THE ARTICLES OF INCORPORATION OF THE CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $71,584 Revenue: $321,874

ADULT PROGRAMMING: RALEIGH TENNIS ASSOCIATION (RTA) IS RESPONSIBLE FOR THE ORGANIZATION AND ADMINISTRATION OF ALL USTA AND RTA ADULT LEAGUES, TOURNAMENTS, NEW PLAYER PROGRAMS & INITIATIVES AS WELL AS...

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ADULT PROGRAMMING: RALEIGH TENNIS ASSOCIATION (RTA) IS RESPONSIBLE FOR THE ORGANIZATION AND ADMINISTRATION OF ALL USTA AND RTA ADULT LEAGUES, TOURNAMENTS, NEW PLAYER PROGRAMS & INITIATIVES AS WELL AS THE COORDINATION AND PROMOTION OF ALL MATTERS PERTAINING TO ADULT COMPETITION AND PROGRAMS. RTA RUNS SEVERAL USTA PUBLIC LEAGUES FOR ADULTS, SENIORS AND SUPER SENIORS IN THE SPRING, SUMMER, AND FALL WITH OVER 14,648 PLAYERS WHICH WAS GREATER THAN A 4 PERCENT INCREASE OVER 2022. IN ADDITION, THE RTA WINTER LEAGUE INCLUDED 1,616 PARTICIPANTS. OUR OTHER ADULT PROGRAMS INCLUDE 30 & UNDER LEAGUE HAD 336 PARTICIPANTS, SIP N SERVE LEAGUE HAD 139 PARTICIPANTS AND OUR NEW PROGRAM LADIES LUNCH LEAGUE HAD 46 PARTICIPANTS. OUR TRY TENNIS PATHWAY PROGRAMS BROUGHT IN 852 NEW PLAYERS TO RALEIGH.

Program 2
Expenses: $33,449 Revenue: $8,911

COMMUNITY OUTREACH: RTA IS RESPONSIBLE FOR IDENTIFYING AND ORGANIZING OPPORTUNITIES TO SERVE THE COMMUNITY THROUGH TENNIS. RTA SUPPORTS OR PROVIDES PROGRAMS WHICH PROMOTE AND DEVELOP THE GROWTH OF...

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COMMUNITY OUTREACH: RTA IS RESPONSIBLE FOR IDENTIFYING AND ORGANIZING OPPORTUNITIES TO SERVE THE COMMUNITY THROUGH TENNIS. RTA SUPPORTS OR PROVIDES PROGRAMS WHICH PROMOTE AND DEVELOP THE GROWTH OF TENNIS. AS AN ASSOCIATION, THE GROUP WORKS TO COORDINATE AND MAINTAIN PROGRAMS AND SERVICES, AND GUARANTEES THEY ARE OPEN AND ACCESSIBLE TO ALL. RTA REACHES OUT TO AREAS IN THE COMMUNITY TO EMPOWER OTHERS WITH INFORMATION, SUPPORT, FUNDING, AND RESOURCES FOCUSED ON THE NEEDS OF THE COMMUNITY. IN 2023, WE DONATED FUNDS TO ABILITIES TENNIS, COMMUNITIES IN SCHOOLS OF WAKE COUNTY, SALVATION ARMY, BOYS & GIRLS CLUB, AND ATLANTIC TIRE CHAMPIONSHIP TO PROVIDE AND SUPPORT TENNIS OPPORTUNITIES. RTA DONATED 5,000 IN 2023, INCLUDING SCHOLARSHIPS TO 4 COLLEGE STUDENTS TOTALING 5,500 AND 7 CY KING GRANTS TOTALING 4,020.

Program 3
Expenses: $31,778 Revenue: $34,370

JUNIOR PROGRAMMING: RTA IS RESPONSIBLE FOR OVERSEEING THE EFFORT TO PROMOTE AND DEVELOP RECREATIONAL JUNIOR TENNIS PROGRAMS IN RALEIGH. THE EXECUTIVE DIRECTOR AND RTA STAFF PARTNER WITH TENNIS...

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JUNIOR PROGRAMMING: RTA IS RESPONSIBLE FOR OVERSEEING THE EFFORT TO PROMOTE AND DEVELOP RECREATIONAL JUNIOR TENNIS PROGRAMS IN RALEIGH. THE EXECUTIVE DIRECTOR AND RTA STAFF PARTNER WITH TENNIS PROVIDERS, TENNIS CLUBS, NEIGHBORHOOD CLUBS, SCHOOLS, NON-PROFIT ORGANIZATIONS, COLLEGES, CITY OF RALEIGH, AND NEIGHBORING TOWNS TO PROMOTE AND IMPLEMENT RECREATIONAL OPPORTUNITIES SUCH AS JUNIOR TRY TENNIS, TEAM CHALLENGES, SCHOOL TENNIS, AFTER SCHOOL PROGRAMS, TOURNAMENTS, NEW COACH TRAININGS, AND OTHER NEW JUNIOR PLAYER INITIATIVES. RTA RAN 16 TOURNAMENTS FOR JUNIOR PLAYERS IN 2023, INCLUDING 3 USTA SANCTIONED L6 TOURNAMENTS. 797 JUNIOR PLAYERS PARTICIPATED IN THESE TOURNAMENTS. JUNIOR TRY TENNIS BROUGHT IN 297 NEW JUNIORS TO TENNIS IN RALEIGH.

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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 $93,472
Program Service Revenue $365,155
Investment Income $187
Other Revenue $4,800
TOTAL REVENUE $463,614

Expense Breakdown

Grants Paid $33,449
Salaries & Benefits $171,077
Fundraising Expenses $0
Program Expenses $136,811
Other Expenses $138,074
TOTAL EXPENSES $342,600

Year-over-Year Comparison

2023 2022 Change
Revenue $463,614 $400,111 +0.2%
Expenses $342,600 $352,714 0.0%
Net Income $121,014 $47,397 +1.6%
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
10
Independent Members
10
Employees
4
Volunteers
60

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
2
$48,154
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY ROBERTS EXECUTIVE DI 40.00
Officer
$41,818 $0 $41,818
JULIE DICK EXECUTIVE DI 40.00
Officer
$6,336 $0 $6,336
ALLAN BADULIS DIRECTOR 2.00
Director
$0 $0 $0
BETH BEAM DIRECTOR 3.00
Director
$0 $0 $0
DAFNIE DRISCOLL TREASURER 20.00
Director
$0 $0 $0
FAYE HOOKER DIRECTOR 2.00
Director
$0 $0 $0
KATIE KING DIRECTOR 2.00
Director
$0 $0 $0
SHANNON LITTLETON DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY MCRAE DIRECTOR 4.00
Director
$0 $0 $0
ALEJANDRO PASCACIO DIRECTOR 2.00
Director
$0 $0 $0
TERRY PERRONE VICE PRESIDE 10.00
Director
$0 $0 $0
RONETTA TODD SECRETARY 5.00
Director
$0 $0 $0
KIRK WROBLEWSKI PRESIDENT 8.00
Director
$0 $0 $0
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 $463,614 $342,600 $506,685 $121,014
2022 $400,111 $352,714 $390,226 $47,397
2021 $312,698 $264,180 $335,943 $48,518
2019 $280,463 $235,206 $317,472 $45,257
2018 $266,202 $210,334 $304,191 $55,868
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