Metropolitan Tennis & Education Group

EIN: 461950434 501(c)(3) Recreation & Sports

Laurel, MD

Total Revenue
$402,045
Total Expenses
$368,073
Total Assets
$35,463
Net Assets
$35,463
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MD
Principal Officer
JERI INGRAM
Phone
2406766522
Tax Period
2018-01-01 to 2018-12-31

Metropolitan Tennis & Education Group, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $402K in total revenue in fiscal year 2018. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $368K left a modest 8% surplus.

Mission

MTEG IS COMMITTED TO PROVIDING WORLD CLASS TENNIS PROGRAMMING AND EDUCATIONAL OPPORTUNITIES WHILE ENGAGING INDIVIDUALS FROM DIVERSE BACKGROUNDS.

Program Service Accomplishments

Program 1
Expenses: $24,307 Revenue: $21,902

Metropolitan Tennis & Education Group Winter Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate...

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Metropolitan Tennis & Education Group Winter Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate equipment and will move students through the appropriate pipeline of services as well as enhance the games of experienced players. Our program is designed for tennis students with the goals of growing their games to the next level. We provide step by step instruction that focuses on developing and maintaining excellence that will students for competitive play.

Program 2
Expenses: $12,642 Revenue: $20,038

Metropolitan Tennis & Education Group Spring Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate...

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Metropolitan Tennis & Education Group Spring Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate equipment and will move students through the appropriate pipeline of services as well as enhance the games of experienced players. Our program is designed for tennis students with the goals of growing their games to the next level. We provide step by step instruction that focuses on developing and maintaining excellence that will students for competitive play.

Program 3
Expenses: $19,390 Revenue: $12,625

Metropolitan Tennis & Education Group Summer Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate...

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Metropolitan Tennis & Education Group Summer Programming offers courses or students who want to learn the correct fundamentals and techniques of tennis. All strokes will be taught on age appropriate equipment and will move students through the appropriate pipeline of services as well as enhance the games of experienced players. Our program is designed for tennis students with the goals of growing their games to the next level. We provide step by step instruction that focuses on developing and maintaining excellence that will students for competitive play.

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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 (2018)

Revenue Breakdown

Contributions & Grants $346,954
Program Service Revenue $55,091
Investment Income $0
Other Revenue $0
TOTAL REVENUE $402,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,595
Program Expenses $57,390
Other Expenses $368,073
TOTAL EXPENSES $368,073

Year-over-Year Comparison

2018 2017 Change
Revenue $402,045 $195,000 +1.1%
Expenses $368,073 $155,000 +1.4%
Net Income $33,972 $40,000 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
80

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
0
$0
Total Directors
8
$82,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERI INGRAM EXECUTIVE DIRECTOR 40.00
Director
$49,000 $0 $49,000
MALCOLM GREENE TENNIS DIRECTOR 40.00
Director
$26,000 $0 $26,000
FRANCINE MCLEOD PRESIDENT 10.00
Director
$0 $0 $0
DAVID ALEXANDER VICE PRESIDENT 6.000
Director
$0 $0 $0
DANIEL LIMBAGO TRUSTEE 10.00
Director
$0 $0 $0
LAKESIA PITTS TREASURER 2.000
Director
$0 $0 $0
SHARON INGRAM SECRETARY 4.000
Director
$7,200 $0 $7,200
MICHAEL LATTIMORE TRUSTEE 1.000
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
2018 $402,045 $368,073 $35,463 $33,972
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