XS Tennis and Education Foundation

EIN: 261734791 501(c)(3) Recreation & Sports

Chicago, IL

Total Revenue
$22,723,893
Total Expenses
$3,562,225
Total Assets
$21,698,837
Net Assets
$21,110,043
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Phone
7735487529
Tax Period
2024-01-01 to 2024-12-31

XS TENNIS AND EDUCATION FOUNDATION, founded in 2005, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2017. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE XS TENNIS AND EDUCATION FOUNDATION (XSTEF) MISSION IS TO PROVIDE CHICAGOS UNDERSERVED YOUTH WITH AN ENRICHING SAFE-HAVEN AND POSITIVE PATHWAY TO COLLEGE THROUGH A COMMUNITY-BASED TENNIS AND ACADEMIC ENRICHMENT PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,826,023
Program Service Revenue $1,866,226
Investment Income $1
Other Revenue $10,031,643
TOTAL REVENUE $22,723,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,367
Fundraising Expenses $2,282
Program Expenses $1,494,784
Other Expenses $3,194,858
TOTAL EXPENSES $3,562,225

Year-over-Year Comparison

2024 2023 Change
Revenue $22,723,893 $2,702,979 +7.4%
Expenses $3,562,225 $2,866,157 +0.2%
Net Income $19,161,668 $-163,178 -118.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
27
Volunteers
6

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
$10,125
Total Directors
6
$10,125
Key Employees
1
$10,125
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kamau Murray Executive Director 40.00
Officer Director Key Emp
$10,125 $0 $10,125
Lolita Preston President 2.00
Director
$0 $0 $0
Jassand Parker Treasurer 2.00
Director
$0 $0 $0
Nicole Kenner Secretary 2.00
Officer Director
$0 $0 $0
Dennis Gates Director 2.00
Director
$0 $0 $0
Stephanie McClean Director 2.00
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 $22,723,893 $3,562,225 $21,698,837 $19,161,668
2023 $2,702,979 $2,866,157 $21,158,264 $-163,178
2022 $3,712,783 $4,075,507 $21,712,981 $-362,724
2021 $4,505,523 $5,249,232 $22,017,905 $-743,709
2020 $1,780,654 $2,574,081 $22,484,034 $-793,427
2019 $2,365,745 $1,937,902 $22,404,427 $427,843
2018 $1,610,249 $1,245,857 $20,274,076 $364,392
2017 $1,182,029 $1,560,940 $18,046,705 $-378,911
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