INNERCITY TENNIS FOUNDATION

EIN: 416038537 501(c)(3) Recreation & Sports

MINNEAPOLIS, MN

Total Revenue
$2,670,139
Total Expenses
$3,248,395
Total Assets
$4,599,543
Net Assets
$3,956,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
MN
Principal Officer
JOHN WHEATON
Phone
6128256844
Tax Period
2023-01-01 to 2023-12-31

INNERCITY TENNIS FOUNDATION, founded in 1952, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

INNERCITY TENNIS FOUNDATION (ICT), FOUNDED IN 1952, IS ON A MISSION TO UNLEASH AND DEVELOP THE POTENTIAL OF YOUTH ON AND OFF THE TENNIS COURT BY ENGAGING AND SERVING A SUPPORTIVE COMMUNITY. (SEE SCHEDULE O)THE FOUNDATION USES TENNIS AS A VEHICLE TO ENGAGE YOUTH AND PROVIDE COACHING, MENTORING, AND LIFE SKILLS DEVELOPMENT TO YOUTH AT ICT'S TENNIS CENTER AND ALL THROUGH MINNEAPOLIS IN PARKS, SCHOOLS, AND PARTNER LOCATIONS.

Program Service Accomplishments

Program 1
Expenses: $2,002,568 Revenue: $1,662,731

NATIONAL JUNIOR TENNIS & LEARNING PROGRAMS:INNERCITY TENNIS (ICT) IS A MEMBER OF THE USTA FOUNDATION'S NATIONAL JUNIOR TENNIS AND LEARNING NETWORK, A NETWORK MADE UP OF NONPROFIT YOUTH DEVELOPMENT...

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NATIONAL JUNIOR TENNIS & LEARNING PROGRAMS:INNERCITY TENNIS (ICT) IS A MEMBER OF THE USTA FOUNDATION'S NATIONAL JUNIOR TENNIS AND LEARNING NETWORK, A NETWORK MADE UP OF NONPROFIT YOUTH DEVELOPMENT ORGANIZATIONS THAT OFFER FREE OR LOW-COST TENNIS AND EDUCATION PROGRAMMING TO UNDER-RESOURCED YOUTH. AS SUCH, ICT LEVERAGES TENNIS TO CREATE OPPORTUNITIES FOR MINNEAPOLIS YOUTH TO ACHIEVE POSITIVE SOCIAL, EMOTIONAL, AND PHYSICAL GROWTH. OUR COACH-LED YOUTH DEVELOPMENT PROGRAMS EMPHASIZE THREE CORE AREAS: PHYSICAL ACTIVITY, MENTORSHIP, AND COMMUNITY BELONGING. RESEARCH INDICATES THAT PHYSICALLY ACTIVE YOUTH ARE LESS LIKELY TO ENGAGE IN RISKY BEHAVIORS, WHILE STRONG MENTORING RELATIONSHIPS AND A SENSE OF BELONGING ENHANCE ACADEMIC ACHIEVEMENT, EMOTIONAL WELL-BEING, AND REDUCE DELINQUENCY. THESE FACTORS COLLECTIVELY CONTRIBUTE TO DECREASED VIOLENCE BY ALLEVIATING STRESS, PROMOTING CONFLICT RESOLUTION SKILLS, AND FOSTERING POSITIVE SOCIAL CONNECTIONS.OUR FLAGSHIP YOUTH TENNIS PROGRAMS INCLUDE:TENNIS IN THE SCHOOLS: THIS PROGRAM OFFERS TOP-TIER YOUTH DEVELOPMENT THROUGH TENNIS IN PARTNERSHIP WITH MINNEAPOLIS SCHOOLS AND OTHER ORGANIZATIONS AT NO COST. IT IS STRUCTURED INTO THREE COMPONENTS:IN-SCHOOL PROGRAMMING: THROUGH THE SCHOOL YEAR, ICT COACHES WORK IN TWO MINNEAPOLIS PUBLIC SCHOOLS DAILY FOR 4-8 WEEKS, MONDAY THROUGH THURSDAY, PROVIDING 3-6 HOURS OF TENNIS INSTRUCTION IN COLLABORATION WITH MPS PHYSICAL EDUCATION TEACHERS.AFTER-SCHOOL PROGRAMMING: ICT COACHES LEAD AFTER-SCHOOL TENNIS CLUBS FOR ELEMENTARY AND MIDDLE SCHOOLS IN PARTNERSHIP WITH THE COMMUNITY EDUCATION AND EXTENDED DAY NETWORKS.SUMMER PROGRAMMING: ICT COACHES PROVIDED TENNIS ENRICHMENT AT EIGHT SITES FOR MINNEAPOLIS PUBLIC SCHOOLS SUMMER STUDENTS.TENNIS IN THE PARKS: IN 2023, TENNIS IN THE PARKS WAS HELD AT 21 MINNEAPOLIS PARKS, CONTINUING TO BE ONE OF THE CITY'S MOST ACCESSIBLE AND IMPACTFUL YOUTH DEVELOPMENT PROGRAMS THROUGH SPORTS.SUPER SATURDAYS: SUPER SATURDAYS IS A THREE-HOUR, MULTI-SPORT PROGRAM FOR 130 CHILDREN AGES 3-18, HELD TWICE A MONTH ON SATURDAY AFTERNOONS. THIS VOLUNTEER-DRIVEN PROGRAM IS ENTIRELY FREE FOR PARTICIPANTS.CITIES ACADEMY: CITIES ACADEMY OFFERS A YEAR-ROUND, OUT-OF-SCHOOL-TIME TENNIS PROGRAM FOR DEVELOPING AND COMPETITIVE YOUTH PLAYERS, WITH SUBSTANTIAL NEED-BASED SCHOLARSHIPS AVAILABLE TO SUPPORT PARTICIPATION.

Program 2
Expenses: $704,664 Revenue: $338,471

COMMUNITY TENNIS ASSOCIATION PROGRAMS:INNERCITY TENNIS IS ALSO A MEMBER OF THE USTA'S COMMUNITY TENNIS ASSOCIATION (CTA) NETWORK, WHICH COMPRISES NOT-FOR-PROFIT, VOLUNTEER-BASED ORGANIZATIONS...

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COMMUNITY TENNIS ASSOCIATION PROGRAMS:INNERCITY TENNIS IS ALSO A MEMBER OF THE USTA'S COMMUNITY TENNIS ASSOCIATION (CTA) NETWORK, WHICH COMPRISES NOT-FOR-PROFIT, VOLUNTEER-BASED ORGANIZATIONS DEDICATED TO EXPANDING THE GAME OF TENNIS. AS A CTA, ICT PROMOTES HEALTH, WELLNESS, AND COMMUNITY ENGAGEMENT FOR BOTH YOUTH AND ADULTS BY PROVIDING PUBLIC ACCESS TO AFFORDABLE INDIVIDUAL AND GROUP TENNIS INSTRUCTION AT OUR REED SWEATT FAMILY TENNIS CENTER IN SOUTH MINNEAPOLIS. OUR FACILITY, OPERATED IN PARTNERSHIP WITH THE MINNEAPOLIS PARK BOARD, ENSURES THAT TENNIS AND ITS NUMEROUS BENEFITS ARE ACCESSIBLE TO THE COMMUNITY. ADDITIONALLY, ICT CULTIVATES AN ACTIVE AND SUPPORTIVE ADULT COMMUNITY, ENCOURAGING THEM TO CONTRIBUTE, VOLUNTEER, AND SHARE THEIR EXPERTISE WITH YOUTH. THIS INTERGENERATIONAL VOLUNTEERISM ENRICHES THE PHYSICAL HEALTH, SOCIAL WELL-BEING, AND EMOTIONAL DEVELOPMENT OF BOTH ADULTS AND YOUTH.

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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 $716,720
Program Service Revenue $2,001,202
Investment Income $1,694
Other Revenue $-49,477
TOTAL REVENUE $2,670,139

Expense Breakdown

Grants Paid $318,473
Salaries & Benefits $1,862,153
Fundraising Expenses $92,562
Program Expenses $2,707,232
Other Expenses $1,067,769
TOTAL EXPENSES $3,248,395

Year-over-Year Comparison

2023 2022 Change
Revenue $2,670,139 $3,247,010 -0.2%
Expenses $3,248,395 $2,771,672 +0.2%
Net Income $-578,256 $475,338 -2.2%
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
19
Independent Members
19
Employees
130
Volunteers
150

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
4
$253,953
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN NEALON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JILLIAN CHAPMAN SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS ABBOTT TREASURER 1.00
Officer Director
$0 $0 $0
MARGO PIETSCH DIRECTOR 1.00
Director
$0 $0 $0
BRAD ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
ROY GINSBURG DIRECTOR 1.00
Director
$0 $0 $0
WILL PREST DIRECTOR 1.00
Director
$0 $0 $0
BOB COHEN DIRECTOR 1.00
Director
$0 $0 $0
REVEREND JOHNNY HUNTER DIRECTOR 1.00
Director
$0 $0 $0
ED KELLY DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN LAU DIRECTOR 1.00
Director
$0 $0 $0
ANDRZEJ MALEWICZ DIRECTOR 1.00
Director
$0 $0 $0
JULIE PETERSON DIRECTOR 1.00
Director
$0 $0 $0
TRENT TUCKER DIRECTOR 1.00
Director
$0 $0 $0
MARCIA HARRIS DIRECTOR 1.00
Director
$0 $0 $0
HEMA VISWANATHAN DIRECTOR 1.00
Director
$0 $0 $0
HILARY SANTONI DIRECTOR 1.00
Director
$0 $0 $0
AMY WARE DIRECTOR 1.00
Director
$0 $0 $0
LYNNE RASMUSSEN DIRECTOR 1.00
Director
$0 $0 $0
JOHN WHEATON EXECUTIVE DIRECTOR 40.00
Officer
$247,300 $6,653 $253,953
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 $2,670,139 $3,248,395 $4,599,543 $-578,256
2022 $3,247,010 $2,771,672 $4,914,594 $475,338
2021 $3,125,271 $2,498,024 $4,397,318 $627,247
2020 $2,302,949 $2,261,427 $3,687,670 $41,522
2019 $2,634,285 $2,731,001 $3,572,654 $-96,716
2018 $2,600,514 $2,495,180 $3,508,106 $105,334
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