Civic Intelligence

The Tennis Farm Inc

EIN 26-0230092 • 501(c)3 • Berwyn, PA

Profile

Founded in 1973, The Tennis Farm has taught tennis instruction to more than 27,000 children and adults at seven branches - Pottstown, PA( The Hill School); Wayne, PA( Radnor High School); Philadelphia, PA(Friends Select School); Chestnut Hill, Philadelphia(Springside School & Chestnut Hill Academy); Wilmington Delaware( Sanford School); Middletowwn, Delaware( St Andrews School)and Morrestown, New Jersey( Moorestown High School. Originally for profit, The Tennis Farm became a Non-Profit in December, 2007 in order to maximize the number of children reached through the schools.Form 990, Part III, Line 2, New Program Services:During the summer of 2011, The Tennis Farm, Inc. provided over 60 hours of free tennis instruction to 40 Pottstown, PA underpriviledged 3rd, 4th & 5th graders. These children learned a lifetime sport and successfully competed in singles, doubles and team competitions. Surveys taken at the beginning and end showed positive results in conditioning: short and long distan

555 Lancaster AvenueBerwyn, PA 19312

tennisfarm.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

100th percentile

34.50x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

15th percentile

-44%

Higher net margin than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-58%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $5,535 (-100%) from 2015

Liabilities

Down

$231,263

Down $2,575 (-1.1%) from 2015

Net Assets

Down

-$231,263

Down $2,960 (-1.3%) from 2015

Revenue

Down

$6,704

Down $9,331 (-58%) from 2015

Expenses

Down

$9,664

Down $30,808 (-76%) from 2015

Net Income

Up

-$2,960

Up $21,477 (+88%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200K-$400KAssets 2010: $2,411Liabilities 2010: $109,080Net Assets 2010: -$106,6692010Assets 2011: $25,629Liabilities 2011: $188,129Net Assets 2011: -$162,5002011Assets 2012: $18,582Liabilities 2012: $229,282Net Assets 2012: -$210,7002012Assets 2013: $8,104Liabilities 2013: $255,137Net Assets 2013: -$247,0332013Assets 2014: $51,272Liabilities 2014: $255,138Net Assets 2014: -$203,8662014Assets 2015: $5,535Liabilities 2015: $233,838Net Assets 2015: -$228,3032015Assets 2016: $0Liabilities 2016: $231,263Net Assets 2016: -$231,2632016

Highlighted filing

2016

Assets$0
Liabilities$231,263
Net Assets-$231,263

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $211,8692010Expenses 2011: $190,8732011Expenses 2012: $187,6012012Revenue 2013: $103,284Expenses 2013: $139,617Net Income 2013: -$36,3332013Revenue 2014: $162,186Expenses 2014: $119,019Net Income 2014: $43,1672014Revenue 2015: $16,035Expenses 2015: $40,472Net Income 2015: -$24,4372015Revenue 2016: $6,704Expenses 2016: $9,664Net Income 2016: -$2,9602016

Highlighted filing

2016

Revenue$6,704
Expenses$9,664
Net Income-$2,960

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$6,704
Mission and Program Overview

Mission

Founded in 1973, The Tennis Farm has taught tennis instruction to more than 27,000 children and adults at seven branches - Pottstown, PA( The Hill School); Wayne, PA( Radnor High School); Philadelphia, PA(Friends Select School); Chestnut Hill, Philadelphia(Springside School & Chestnut Hill Academy); Wilmington Delaware( Sanford School); Middletowwn, Delaware( St Andrews School)and Morrestown, New Jersey( Moorestown High School. Originally for profit, The Tennis Farm became a Non-Profit in December, 2007 in order to maximize the number of children reached through the schools.Form 990, Part III, Line 2, New Program Services:During the summer of 2011, The Tennis Farm, Inc. provided over 60 hours of free tennis instruction to 40 Pottstown, PA underpriviledged 3rd, 4th & 5th graders. These children learned a lifetime sport and successfully competed in singles, doubles and team competitions. Surveys taken at the beginning and end showed positive results in conditioning: short and long distan

To Teach Healthy Lifesyles to children and adults thru tennis and other programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$2,652$0▼ $2,652
Cash and Non-Interest-Bearing Accounts$1,883$0▼ $1,883
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,535$0▼ $5,535
Other Assets Total$1,000$0▼ $1,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$233,838$231,263▼ $2,575
Total Liabilities$233,838$231,263▼ $2,575
Net Assets / Fund Balance
Unrestricted Net Assets$-228,303$-231,263▼ $2,960
Total Net Assets Fund Balance$-228,303$-231,263▼ $2,960
Total Liabilities and Net Assets / Fund Balance$5,535$0▼ $5,535
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gordon KuhnChairman
Anita TognucciDirector
Delanie MastDirector
Jeffrey HarrisonDirector
Phyllis MascioliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,700
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$6,700
Change in Net Assets
$-2,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$6,490--$6,490
Fees for Services Accounting$3,072--$3,072
Other Expenses$991--$991
Advertising$74--$74
Insurance$-963--$-963
Total Functional Expenses$9,664$0$0$9,664
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Tennis Farm Inc
EIN
26-0230092
Phone
6106474600
Address
555 Lancaster Avenue, Berwyn, PA 19312

Signing Officer

Name
Thomas BK Ringe Jr
Title
Secretary
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
4
Employees
21
Volunteers
3

Preparer

Firm
Cwienkala & Salfi CPAs PC
Address
1911 West Point Pike, West Point, PA 19486-0285
Preparer
Eric Salfi
Phone
2156991600
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Statement regarding Trademark( Intangible Asset with No Fair market Value Recorded):The Tennis Farm, Inc. owns the trademark "The Tennis Farm", U.S. Trademark Office registration Number 2,060,312 which remains in effect until May 13, 2017 when it will be up for renewal.The Tennis Farm believes that the trademark "The Tennis Farm" is a valuable asset. This trademark has helped provide over $6,000,000 in revenues over the past 37 years.Looking forward, the organization expects "The Tennis Farm" trademark to continue to generate revenues

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0103357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0139401
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IRS990ScheduleN/LiabilitiesPaidInd0true
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-12-31
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IRS990ScheduleN/ReceiveCompensationInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - Statement regarding Trademark( Intangible Asset with No Fair market Value Recorded):The Tennis Farm, Inc. owns the trademark "The Tennis Farm", U.S. Trademark Office registration Number 2,060,312 which remains in effect until May 13, 2017 when it will be up for renewal.The Tennis Farm believes that the trademark "The Tennis Farm" is a valuable asset. This trademark has helped provide over $6,000,000 in revenues over the past 37 years.Looking forward, the organization expects "The Tennis Farm" trademark to continue to generate revenues
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Thomas BK Ringe Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Tennis Farm Inc
ReturnHeader/Filer/BusinessNameControlTxt0TENN
ReturnHeader/Filer/EIN0260230092
ReturnHeader/Filer/PhoneNum06106474600
ReturnHeader/Filer/USAddress/AddressLine1Txt0555 Lancaster Avenue
ReturnHeader/Filer/USAddress/CityNm0Berwyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cwienkala & Salfi CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01911 West Point Pike
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Point
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0194860285
ReturnHeader/PreparerPersonGrp/PhoneNum02156991600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eric Salfi
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-13T14:17:28-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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