Winston Salem Professional Tennis Inc

“Winston-salem professional tennis' (wspt) management duties are delegated to wake forest university (wfu). Bill oakes, the tournament director, performs the management duties of wspt as an employee of wfu.”

“The governing board did not document any meetings held during the year.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“Form 990 is presented to the officers of the organization for review prior to filing.”

“Wspt's tournament director received a bonus based upon a percentage of ticket sales, sponsorship revenue, and net tournament revenue. The bonus was subject to approval by the president and treasurer of wspt. No other officers or directors were compensated by the organization.”

“Copies of the organization's governing documents and form 990 are made available to the public upon request.”

“Gifts, meals, & entertainment: program service expenses 215,143. Management and general expenses 0. Fundraising expenses 0. Total expenses 215,143. Atp tournament fees: program service expenses 92,145. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,145. Credit card fees: program service expenses 12,407. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,407. Other expenses - ws cycling : program service expenses 0. Management and general expenses 8,432. Fundraising expenses 0. Total expenses 8,432. Other costs: program service expenses 5,239. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,239. Sponsorships: program service expenses 3,196. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,196. Taxes & licenses: program service expenses 1,648. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,648. Licenses & dues: program service expenses 1,383. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,383.”