USTA PLAYER DEVELOPMENT INCORPORATED

EIN: 271368195 501(c)(3) Recreation & Sports

PURCHASE, NY

Total Revenue
$12,685,729
Total Expenses
$14,373,010
Total Assets
$429,150
Net Assets
$-14,558,373
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
LEWIS SHERR
Phone
9146967000
Tax Period
2023-01-01 to 2023-12-31

USTA PLAYER DEVELOPMENT INCORPORATED, founded in 2009, is a mid-sized nonprofit in the Recreation & Sports sector that reported $12.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $14.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF USTA PLAYER DEVELOPMENT IS TO EDUCATE AND TRAIN YOUNG PEOPLE IN THE SPORT OF TENNIS THROUGH A CLEARLY DEFINED STRUCTURE AND COMPETITIVE PATHWAY, AS WELL AS THROUGH THE IMPLEMENTATION OF A COMPREHENSIVE COACHING PHILOSOPHY.

Program Service Accomplishments

Program 1
Expenses: $12,994,035 Revenue: $0

THE GOAL OF PLAYER DEVELOPMENT IS TO IMPLEMENT A SYSTEMATIC, HOLISTIC AND PLAYER-CENTRIC APPROACH IN DEVELOPING WORLD-CLASS AMERICAN PLAYERS AND COACHES IN PARTNERSHIP WITH PRIVATE SECTOR. PLAYER...

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THE GOAL OF PLAYER DEVELOPMENT IS TO IMPLEMENT A SYSTEMATIC, HOLISTIC AND PLAYER-CENTRIC APPROACH IN DEVELOPING WORLD-CLASS AMERICAN PLAYERS AND COACHES IN PARTNERSHIP WITH PRIVATE SECTOR. PLAYER DEVELOPMENT STRIVES TO BE THE BEST IN THE WORLD, DEVELOPING AND DEPLOYING EDUCATIONAL, TRAINING AND COACHING RESOURCES TO SERVE TEAM USA. THE PLAYER DEVELOPMENT PROGRAM IS BASED AT THE USTA NATIONAL CAMPUS IN ORLANDO, FL, AND ALSO UTILIZES THE USTA TRAINING CENTER - WEST IN CARSON, CA. PLAYER DEVELOPMENT HAS HIRED NATIONAL COACHES WHO HAVE CONTACT WITH THE TOP (TIER 1) 20 TO 30 PLAYERS IN EACH AGE GROUP AND AN IN-DEPTH KNOWLEDGE OF ANOTHER 20 TO 30 (TIER 2) PLAYERS. THESE COACHES PROVIDE INFORMATION AND ADVICE AND ATTEND TOURNAMENTS TO SUPPORT THESE PLAYERS. THE COACHES ARE SAFESPORT TRAINED, BACKGROUND CHECKED AND CERTIFIED AND PURSUE CONTINUOUS HIGH PERFORMANCE COACHING EDUCATION; DEVELOPING AND IMPROVING AS COACHES TO IN ORDER TO MAXIMIZE THE POTENTIAL OF THE PLAYERS, WITH WHOM THEY WORK. THE FINANCIAL SUPPORT PROVIDED THROUGH OUR GRANT PROGRAM IS INTEGRAL TO THE SUCCESS OF THIS PROGRAM. IN 2023, PLAYER DEVELOPMENT GRANTS WERE DISTRIBUTED TO 76 PLAYERS WHICH INCOMPASS ABLEBODIED AND WHEELCHAIR ATHLETES. IN COORDINATION WITH THE COACHING, SUPPORT AND SERVICES FROM OUR NATIONAL COACHES AND TEAM, THE PLAYERS USE THESE GRANTS FOR TRAINING & TRAVEL. THE FUNDS CAN BE USED IN A VARIETY OF WAYS FOR TENNIS DEVELOPMENT (E.G., ACADEMIES/COACHING). IN ADDITION, FOCUS IS PLACED ON SUPPORTING YOUNG TOURING PROS AS WELL AS DEVELOPING EXPOSURE OF YOUNG AMERICAN PLAYERS AT THE INTERNATIONAL JUNIOR AND PROFESSIONAL LEVELS. FOR PLAYERS WHO PARTICIPATE IN THIS PROGRAM, EVERY EFFORT IS MADE TO PROVIDE THEM WITH RESOURCES AND SUPPORT TO FOSTER THEIR CONTINUED SUCCESS. AMERICAN TENNIS PLAYERS, AT BOTH THE PROFESSIONAL AND JUNIOR LEVELS, MADE GREAT STRIDES IN 2023. BY THE END OF THE YEAR, 10 MEN AND 17 WOMEN WERE RANKED IN THE TOP 100 ATP/WTA. IN THE JUNIOR SPACE WE HAD 12 BOYS AND 16 GIRLS THAT WERE RANKED INSIDE THE TOP 100 ITF RANKINGS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,685,729
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $12,685,729

Expense Breakdown

Grants Paid $1,297,581
Salaries & Benefits $6,789,940
Fundraising Expenses $0
Program Expenses $12,994,035
Other Expenses $6,285,489
TOTAL EXPENSES $14,373,010

Year-over-Year Comparison

2023 2022 Change
Revenue $12,685,729 $11,369,962 +0.1%
Expenses $14,373,010 $12,691,181 +0.1%
Net Income $-1,687,281 $-1,321,219 +0.3%
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
15
Independent Members
14
Employees
N/A
Volunteers
14

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
$2,418,757
Total Directors
15
$212,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEWIS SHERR CEO & EXECUTIVE DIRECTOR 5.0
Officer
$0 $65,325 $1,554,825
MARTIN BLACKMAN GENERAL MANAGER 40.0
Officer
$688,057 $65,875 $753,932
Erik Ola Malmqvist DIRECTOR, COACHING 40.0
Highest
$394,690 $64,471 $459,161
Kathy Rinaldi HEAD OF WOMEN'S TENNIS 40.0
Highest
$325,570 $58,331 $383,901
Kent Kinnear HEAD OF MEN'S TENNIS 40.0
Highest
$250,059 $57,625 $307,684
Ernst P Roetert HEAD OF SPECIAL PROJECTS 40.0
Highest
$257,563 $47,637 $305,200
David Nainkin Lead Nat'l Coach/Davis Cup 40.0
Highest
$192,432 $53,191 $245,623
Dr Brian Hainline CHAIRMAN & PRESIDENT 1.0
Officer Director
$0 $0 $35,000
BRIAN VAHALY FIRST VICE PRESIDENT 1.0
Officer Director
$0 $0 $25,000
MEGAN MOULTON-LEVY Director 1.0
Director
$0 $0 $22,400
LAURA F CANFIELD VICE PRESIDENT 1.0
Officer Director
$0 $0 $20,000
KATHLEEN FRANCIS VICE PRESIDENT 1.0
Officer Director
$0 $0 $20,000
MICHAEL MCNULTY III Immediate Past President 1.0
Officer Director
$0 $0 $10,000
JEFFREY BAILL Director 1.0
Director
$0 $0 $10,000
VIOLET CLARK Director 1.0
Director
$0 $0 $10,000
LIEZEL HUBER Director 1.0
Director
$0 $0 $10,000
Maggie Chan Jones DIRECTOR 1.0
Director
$0 $0 $10,000
Vania King DIRECTOR 1.0
Director
$0 $0 $10,000
Bill McGugin DIRECTOR 1.0
Director
$0 $0 $10,000
EMILY S SCHAEFER DIRECTOR 1.0
Director
$0 $0 $10,000
Bobby Sharma DIRECTOR 1.0
Director
$0 $0 $10,000
J Christopher Lewis Secretary & Treasurer 1.0
Officer 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 $12,685,729 $14,373,010 $429,150 $-1,687,281
2022 $11,369,962 $12,691,181 $464,987 $-1,321,219
2021 $13,893,000 $11,604,727 $604,131 $2,288,273
2020 $27,500 $13,616,868 $1,057,843 $-13,589,368
2019 $19,903,894 $20,131,626 $1,831,580 $-227,732
2018 $20,421,447 $20,725,503 $1,628,393 $-304,056
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