Civic Intelligence

Princeton Tennis Program

990 • Fiscal year 2018 • EIN 22-6104478

Apr 01, 2017 to Mar 31, 2018 • Filed on Oct 10, 2018

92 Washington RoadPrinceton, NJ 08540

(609) 903-2461

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.35x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • NTEE N • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.87x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • NTEE N • $1M-$5M nonprofits • Source year 2018

Net Margin

46th percentile

3.7%

Higher net margin than 46% of similar nonprofits.

2018 filings • NTEE N • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$140,894

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2018 filings • NTEE N • $1M-$5M nonprofits • Source year 2018

Asset Growth

22nd percentile

-2.6%

Faster asset growth than 22% of similar nonprofits.

2018 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-1.2%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,970,739

Down $106,072 (-2.6%) from 2017

Net Assets

Up

$2,571,672

Up $52,344 (+2.1%) from 2017

Liabilities

Down

$1,399,067

Down $158,416 (-10%) from 2017

Revenue

Down

$1,599,432

Down $19,866 (-1.2%) from 2017

Expenses

Down

$1,540,808

Down $158,429 (-9.3%) from 2017

Net Income

Up

$58,624

Up $138,563 (+173%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,393,218Liabilities 2011: $2,063,590Net Assets 2011: $1,329,6282011Assets 2012: $3,840,027Liabilities 2012: $1,968,919Net Assets 2012: $1,871,1082012Assets 2013: $4,104,338Liabilities 2013: $1,990,932Net Assets 2013: $2,113,4062013Assets 2014: $4,163,258Liabilities 2014: $1,821,962Net Assets 2014: $2,341,2962014Assets 2015: $4,221,872Liabilities 2015: $1,757,341Net Assets 2015: $2,464,5312015Assets 2016: $4,211,951Liabilities 2016: $1,639,588Net Assets 2016: $2,572,3632016Assets 2017: $4,076,811Liabilities 2017: $1,557,483Net Assets 2017: $2,519,3282017Assets 2018: $3,970,739Liabilities 2018: $1,399,067Net Assets 2018: $2,571,6722018Assets 2019: $3,907,863Liabilities 2019: $1,356,866Net Assets 2019: $2,550,9972019Assets 2020: $3,462,205Liabilities 2020: $1,226,195Net Assets 2020: $2,236,0102020Assets 2021: $3,312,649Liabilities 2021: $1,294,716Net Assets 2021: $2,017,9332021Assets 2022: $2,911,658Liabilities 2022: $811,774Net Assets 2022: $2,099,8842022Assets 2023: $2,927,792Liabilities 2023: $714,841Net Assets 2023: $2,212,9512023Assets 2024: $2,763,120Liabilities 2024: $588,628Net Assets 2024: $2,174,4922024Assets 2025: $2,817,759Liabilities 2025: $564,181Net Assets 2025: $2,253,5782025

Highlighted filing

2018

Assets$3,970,739
Liabilities$1,399,067
Net Assets$2,571,672

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,500,480Expenses 2011: $1,404,688Net Income 2011: $95,7922011Expenses 2012: $1,377,1872012Expenses 2013: $1,568,3732013Revenue 2014: $1,852,608Expenses 2014: $1,624,718Net Income 2014: $227,8902014Revenue 2015: $1,801,708Expenses 2015: $1,690,079Net Income 2015: $111,6292015Revenue 2016: $1,847,424Expenses 2016: $1,709,063Net Income 2016: $138,3612016Revenue 2017: $1,619,298Expenses 2017: $1,699,237Net Income 2017: -$79,9392017Revenue 2018: $1,599,432Expenses 2018: $1,540,808Net Income 2018: $58,6242018Revenue 2019: $1,464,810Expenses 2019: $1,507,096Net Income 2019: -$42,2862019Revenue 2020: $1,350,741Expenses 2020: $1,628,690Net Income 2020: -$277,9492020Revenue 2021: $860,319Expenses 2021: $1,078,396Net Income 2021: -$218,0772021Revenue 2022: $1,612,269Expenses 2022: $1,530,318Net Income 2022: $81,9512022Revenue 2023: $1,681,654Expenses 2023: $1,573,576Net Income 2023: $108,0782023Revenue 2024: $1,669,813Expenses 2024: $1,716,951Net Income 2024: -$47,1382024Revenue 2025: $1,582,165Expenses 2025: $1,503,079Net Income 2025: $79,0862025

Highlighted filing

2018

Revenue$1,599,432
Expenses$1,540,808
Net Income$58,624
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Oct 10, 2018
Return Version
2017v2.2
Gross Receipts
$1,812,617
Mission and Program Overview

Mission

The Princeton Tennis Program (PTP) is a nonprofit, year-round community tennis association serving youth and adults of the greater central New Jersey region. PTPs mission is growing the game of tennis by offering high quality group instruction and programs without regard to age, abilities, skill level or financial means. PTP is dedicated to serving players who might not otherwise participate in tennis, and to pursuing a standard of excellence in teaching and education that encourages the development of health, character, good sportsmanship and responsible citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,587,124$2,499,159▼ $87,965
Cash and Non-Interest-Bearing Accounts$801,381$736,571▼ $64,810
Investments in Publicly Traded Securities$668,674$710,264▲ $41,590
Prepaid Expenses and Deferred Charges$10,974$13,375▲ $2,401
Accounts Receivable$8,658$11,370▲ $2,712
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,076,811$3,970,739▼ $106,072
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,413,465$1,317,260▼ $96,205
Deferred Revenue$116,426$53,952▼ $62,474
Accounts Payable and Accrued Expenses$27,592$27,855▲ $263
Total Liabilities$1,557,483$1,399,067▼ $158,416
Net Assets / Fund Balance
Unrestricted Net Assets$2,495,676$2,548,002▲ $52,326
Temporarily Rstr Net Assets$23,652$23,670▲ $18
Total Net Assets Fund Balance$2,519,328$2,571,672▲ $52,344
Total Liabilities and Net Assets / Fund Balance$4,076,811$3,970,739▼ $106,072

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,321,100$646,601$1,967,701
Land$654,000-$654,000
Leasehold Improvements$523,416$111,295$634,711
Equipment-$21,896$21,896
Other Land Buildings$643$8,357$9,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gwen GuidiceExecutive DirectorFT$140,894$140,894

Board Members and Trustees

NameTitle
Dan McGrathChairman
Jack RobertsVice Chairman
Barry SzafermanTrustee
Carol LipsonTrustee
Frank BennettTrustee
Pamela HughesTrustee
Ernie CerinoSecretary
Ted GolfinopoulosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$40,924
Program Service Revenue
$1,523,567
Investment Income
$30,745
Other Revenue
$4,196
All Other Contributions
$33,759
Change in Net Assets
$58,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$996,128
Other Expenses$544,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$711,592--$711,592
Current Officers, Directors, Trustees, and Key Employees-$140,894-$140,894
Depreciation Depletion$77,017$19,255-$96,272
All Other Expenses$75,564$7,410-$82,974
Other Employee Benefits$64,060$9,572-$73,632
Interest$58,355$14,589-$72,944
Payroll Taxes$60,909$9,101-$70,010
Insurance$54,887$13,722-$68,609
Other Expenses$41,697$2,194-$43,891
Fees for Services Accounting$5,162$5,258-$10,420
Fees for Services Legal$2,156$2,197-$4,353
Fees for Services Other$1,744$1,776-$3,520
Conferences and Meetings$2,519--$2,519
Total Functional Expenses$1,283,005$257,803$0$1,540,808
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,288
Fundraising Direct Expenses$7,386
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tennis Classic$18,453$11,288$7,386$3,902
Total Events$18,453$11,288$7,386$3,902
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Available upon request

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
Princeton Tennis Program
EIN
22-6104478
Phone
6099032461
Address
92 Washington Road, Princeton, NJ 08540

Signing Officer

Name
Gwen Guidice
Title
Executive Director
Signed
2018-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
43
Volunteers
25

Preparer

Firm
Lear & Pannepacker LLP
Address
791 Alexander Road, Princeton, NJ 08540-6325
Preparer
Steven G Sciortino Jr CPA
Phone
6094522200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: PTP partners with Community Park Elementary School offering free lessons during the gym classes for all 3rd, 4th, and 5th graders and introducing 120 new young players to the game each year. OTHER PROGRAM SERVICES 5: Discount Senior Programs: For over 30 years PTP has subsidized lessons and programs for area seniors. These specialized programs are designed to promote health, fun, meeting new people and wellbeing. OTHER PROGRAM SERVICES 6: Play Tennis Events: Free 1-day events (20 events) designed to provide an exciting opportunity for both juniors and adults to try tennis. OTHER PROGRAM SERVICES 7: VP Hamilton Outreach - Hamilton Tennis Program: This program is designed to grow tennis in Hamilton by offering juniors and adults low-cost, group tennis lessons. The programs success will be measured by the court usage and increased the level of play at the 3 Hamilton High Schools Girls and Boys Varsity Tennis Teams. OTHER PROGRAM SERVICES 8: Scholarships and Financial Aid are awarded to children that could otherwise not afford to play tennis OTHER PROGRAM SERVICES 9: Robbinsville Recreation Outreach OTHER PROGRAM SERVICES 10: Rocky Hill Outreach OTHER PROGRAM SERVICES 11: Partnership with every child valued - Lawrence Outreach OTHER PROGRAM SERVICES 12: Partnership with Special Olympics - Camp Shriver - PTP partnered with Special Olympics to bring tennis to their summer training center OTHER PROGRAM SERVICES 13: Bordentown Outreach

Other Changes In Net Assets Or Fund Balances - Other Decreases

Unrealized Loss on Investments = -$6280

Financial Statement Notes

Part X : FIN48 Footnote

ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, and disclosure.The Organization's policy is to account for interest and penalties related to unrecognized tax benefits as a component of income tax expense.

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IRS990/MissionDesc0The Princeton Tennis Program (PTP) is a nonprofit, year-round community tennis association serving youth and adults of the greater central New Jersey region. PTPs mission is growing the game of tennis by offering high quality group instruction and programs without regard to age, abilities, skill level or financial means. PTP is dedicated to serving players who might not otherwise participate in tennis, and to pursuing a standard of excellence in teaching and education that encourages the development of health, character, good sportsmanship and responsible citizenship.
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IRS990/OtherExpensesGrp/Desc1Repairs & maintenance
IRS990/OtherExpensesGrp/Desc2Utilities
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110969
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IRS990/OtherExpensesGrp/ProgramServicesAmt238136
IRS990/OtherExpensesGrp/ProgramServicesAmt341697
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IRS990/OtherExpensesGrp/TotalAmt154848
IRS990/OtherExpensesGrp/TotalAmt247670
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09101
IRS990/PayrollTaxesGrp/ProgramServicesAmt060909
IRS990/PayrollTaxesGrp/TotalAmt070010
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013375
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
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IRS990/ProgramServiceRevenueGrp/Desc0Lesson Fees
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/Desc2Tournament Fees
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1113177
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1113177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243871
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships and Financial Aid are awarded to children that could otherwise not afford to play tennis
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022505
IRS990/ProgSrvcAccomActy3Grp/Desc0Discount Senior Programs: For over 30 years PTP has subsidized lessons and programs for area seniors. These specialized programs are designed to promote health, fun, meeting new people and wellbeing.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt021734
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt014489
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0596573
IRS990/PYOtherRevenueAmt02848
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IRS990/PYSalariesCompEmpBnftPaidAmt01102664
IRS990/PYTotalExpensesAmt01699237
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IRS990/ReconcilationRevenueExpnssAmt058624
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IRS990/RelatedEntityInd0false
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031001
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt031544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034039
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IRS990ScheduleA/InvestmentIncomePYPct00.00540
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01623146

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.56$2.25$1.58$1.50$0.08
2024Summary only. Only limited summary data is available for this year.$2.76$0.59$2.17$1.67$1.72$0.05
2023Summary only. Only limited summary data is available for this year.$2.93$0.71$2.21$1.68$1.57$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.81$2.10$1.61$1.53$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$1.29$2.02$0.86$1.08$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$1.23$2.24$1.35$1.63$0.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$1.36$2.55$1.46$1.51$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.97$1.40$2.57$1.60$1.54$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$1.56$2.52$1.62$1.70$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.21$1.64$2.57$1.85$1.71$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.22$1.76$2.46$1.80$1.69$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.16$1.82$2.34$1.85$1.62$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.99$2.11$1.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$1.97$1.87$1.38
2011Summary only. Only limited summary data is available for this year.$3.39$2.06$1.33$1.50$1.40$0.10
Peer Organizations

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