Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
EIN 59-1603794 • 501(c)3 • Miami, FL
Profile
The organizations purpose is to serve individuals who express an interest in learning tennis through a variety of development programs including after school tennis programs, instructional programs and excellence development programs.a variety of development programs including after school tennis programs, instructional programs and excellence development programs.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
94th percentile
Faster revenue growth than 94% of similar nonprofits.
Assets
Up$395,129
Up $282,237 (+250%) from 2023
Liabilities
Up$43,319
Up $1,675 (+4.0%) from 2023
Net Assets
Up$351,810
Up $280,562 (+394%) from 2023
Revenue
Up$762,178
Up $432,824 (+131%) from 2023
Expenses
Up$481,616
Up $57,771 (+14%) from 2023
Net Income
Up$280,562
Up $375,053 (+397%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The organization's purpose is to serve individuals who express an interest in learning tennis through a variety of development programs including after school tennis programs, instructional programs and excellence development programs.
The organizations purpose is to serve individuals who express an interest in learning tennis through a variety of development programs including after school tennis programs, instructional programs and excellence development programs.a variety of development programs including after school tennis programs, instructional programs and excellence development programs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $22,307 | $345,356 | ▲ $323,049 |
| Pledges and Grants Receivable | $90,585 | $49,773 | ▼ $40,812 |
| Total Assets | $112,892 | $395,129 | ▲ $282,237 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $41,644 | $43,319 | ▲ $1,675 |
| Total Liabilities | $41,644 | $43,319 | ▲ $1,675 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $71,248 | $351,810 | ▲ $280,562 |
| Total Net Assets Fund Balance | $71,248 | $351,810 | ▲ $280,562 |
| Total Liabilities and Net Assets / Fund Balance | $112,892 | $395,129 | ▲ $282,237 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | - | $2,162 | $2,162 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Anjenette L Rivera | Executive Di | FT | $34,500 | $34,500 |
| Name | Title |
|---|---|
| James Champion | Chairman |
| Edward G Rubinoff | President Em |
| Bruce Koniver | Vice Chair |
| Robert Rubin | Vice Chair |
| Corinne Kayal | Member |
| Dr Alicia Carter | Member |
| Eric Hechtman | Member |
| Jay Bashein | Member |
| John W Uribe Md | Member |
| Ricky Warman | Member |
| Tracy Colden | Member |
| Larry Cole | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $254,196 |
| Salaries, Compensation, and Employee Benefits | $227,420 |
| Total Fundraising Expense | $19,869 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $211,001 | $16,419 | - | $227,420 |
| Fees for Services Other | $34,833 | $16,175 | $6,700 | $57,708 |
| Other Expenses | $9,272 | $4,184 | $8,606 | $22,062 |
| Office Expenses | $2,389 | $14,148 | $206 | $16,743 |
| Occupancy | $4,665 | $8,308 | - | $12,973 |
| Travel | $7,016 | $5,052 | - | $12,068 |
| Insurance | - | $4,706 | $981 | $5,687 |
| Advertising | - | - | $2,591 | $2,591 |
| Total Functional Expenses | $385,153 | $76,594 | $19,869 | $481,616 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $481,616 |
| Total Expenses per Audited Statements | $481,616 |
| Total Expenses per Form 990 | $481,616 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $179,156 |
| Fundraising Gross Income | $113,695 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Miami Open Expe | $240,767 | $45,867 | $5,069 | $40,798 |
| Annual Social | $81,089 | $41,089 | $4,409 | $36,680 |
| Total Events | $348,595 | $113,695 | $179,156 | $-65,461 |
“Form 990 is reviewed and compared to the internally prepared financial statements, that is adjusted by a certified public accountant, by the president/chairman of the board, vice-president/vice-chairman and treasurer before filing with the internal revenue service.”
“Board members meet frequently and discuss and resolve informally any conflict of interest that arises.”
“Annual performance and compensation evaluations are performed approximately every 12 months coinciding generally with the anniversay of the employees original date of hire and/or annual date in a given position.”
“No documents available to the public.”
“The organizations purpose is to serve individuals who express an interest in learning tennis through a variety of development programs including after school tennis programs, instructional programs and excellence development programs.a variety of development programs including after school tennis programs, instructional programs and excellence development programs.”
“First serve miami (fsm) is a community-based, 501(c)(3) nonprofit organization founded in 1974 and located in miami, florida. Its mission is to "empowering youth one serve at a time" with a combination of academic social emotional, and life skills enrichment activities, with a focus on tennis. Over the decades, fsm has positively impacted the lives of more than 50,000 young people across moore park, bryan park, and other community parks throughout south florida. Fsm's success is rooted in its strong partnerships, particularly with the city of miami's parks and recreation department. The organization also benefits from generous support from major sponsors such as the children's trust, the usta foundation and usta florida section, the garner foundation, williams island in aventura and the miami open. Additionally, fsm receives invaluable backing from influential south florida leaders including gerald moore, esq., manuel medina, alan rosenthal, esq., dr. John uribe, jeffrey binder, larry & cheryl smiht, walter leiber and the late fred stolle. With this support, fsm has developed and delivered high-impact programming for underserved youth ages 5 to 18 at moore park and bryan park. Since 1999, the ashe-buchholz tennis center at moore park has served as the primary location where young participants receive instruction in tennis, literacy, nutrition, social emotional, financial literacy and life skills. Fsm's curriculum also includes education and training on drug prevention, child safety awareness, gang awareness, teamwork, conflict resolution, and crisis de-escalation. In 2008, fsm launched its elite program: adopt-a-player, a college readiness and scholarship initiative. As of today, 58 out of 59 high school graduates from the program have earned full or partial scholarships to colleges and universities, including st. Thomas university, miami dade college, wingate university, vanderbilt university, university of texas, florida international university, and boston college. Expanding its impact even further, fsm partnered with the usta foundation and usta florida in september 2021 to launch the south florida youth tennis program (sfytp). This initiative brings tennis instruction into existing afterschool programs serving underserved communities throughout miami-dade and broward counties. Since its launch, sfytp has introduced over 2,500 youth-many experiencing the sport for the first time-to tennis across fifteen community parks.”
“Other fees 34,833 16,175 6,700”
“The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 7/31/24, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2019.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATIONS PURPOSE IS TO SERVE INDIVIDUALS WHO EXPRESS AN INTEREST IN LEARNING TENNIS THROUGH A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS. |
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| IRS990/Desc | 0 | FIRST SERVE MIAMI (FSM) IS A COMMUNITY-BASED, 501(C)(3) NONPROFIT ORGANIZATION FOUNDED IN 1974 AND LOCATED IN MIAMI, FLORIDA. ITS MISSION IS TO "EMPOWERING YOUTH ONE SERVE AT A TIME" WITH A COMBINATION OF ACADEMIC SOCIAL EMOTIONAL, AND LIFE SKILLS ENRICHMENT ACTIVITIES, WITH A FOCUS ON TENNIS. OVER THE DECADES, FSM HAS POSITIVELY IMPACTED THE LIVES OF MORE THAN 50,000 YOUNG PEOPLE ACROSS MOORE PARK, BRYAN PARK, AND OTHER COMMUNITY PARKS THROUGHOUT SOUTH FLORIDA. FSM'S SUCCESS IS ROOTED IN ITS STRONG PARTNERSHIPS, PARTICULARLY WITH THE CITY OF MIAMI'S PARKS AND RECREATION DEPARTMENT. THE ORGANIZATION ALSO BENEFITS FROM GENEROUS SUPPORT FROM MAJOR SPONSORS SUCH AS THE CHILDREN'S TRUST, THE USTA FOUNDATION AND USTA FLORIDA SECTION, THE GARNER FOUNDATION, WILLIAMS ISLAND IN AVENTURA AND THE MIAMI OPEN. ADDITIONALLY, FSM RECEIVES INVALUABLE BACKING FROM INFLUENTIAL SOUTH FLORIDA LEADERS INCLUDING GERALD MOORE, ESQ., MANUEL MEDINA, ALAN ROSENTHAL, ESQ., DR. JOHN URIBE, JEFFREY BINDER, LARRY & CHERYL SMIHT, WALTER LEIBER AND THE LATE FRED STOLLE. WITH THIS SUPPORT, FSM HAS DEVELOPED AND DELIVERED HIGH-IMPACT PROGRAMMING FOR UNDERSERVED YOUTH AGES 5 TO 18 AT MOORE PARK AND BRYAN PARK. SINCE 1999, THE ASHE-BUCHHOLZ TENNIS CENTER AT MOORE PARK HAS SERVED AS THE PRIMARY LOCATION WHERE YOUNG PARTICIPANTS RECEIVE INSTRUCTION IN TENNIS, LITERACY, NUTRITION, SOCIAL EMOTIONAL, FINANCIAL LITERACY AND LIFE SKILLS. FSM'S CURRICULUM ALSO INCLUDES EDUCATION AND TRAINING ON DRUG PREVENTION, CHILD SAFETY AWARENESS, GANG AWARENESS, TEAMWORK, CONFLICT RESOLUTION, AND CRISIS DE-ESCALATION. IN 2008, FSM LAUNCHED ITS ELITE PROGRAM: ADOPT-A-PLAYER, A COLLEGE READINESS AND SCHOLARSHIP INITIATIVE. AS OF TODAY, 58 OUT OF 59 HIGH SCHOOL GRADUATES FROM THE PROGRAM HAVE EARNED FULL OR PARTIAL SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES, INCLUDING ST. THOMAS UNIVERSITY, MIAMI DADE COLLEGE, WINGATE UNIVERSITY, VANDERBILT UNIVERSITY, UNIVERSITY OF TEXAS, FLORIDA INTERNATIONAL UNIVERSITY, AND BOSTON COLLEGE. EXPANDING ITS IMPACT EVEN FURTHER, FSM PARTNERED WITH THE USTA FOUNDATION AND USTA FLORIDA IN SEPTEMBER 2021 TO LAUNCH THE SOUTH FLORIDA YOUTH TENNIS PROGRAM (SFYTP). THIS INITIATIVE BRINGS TENNIS INSTRUCTION INTO EXISTING AFTERSCHOOL PROGRAMS SERVING UNDERSERVED COMMUNITIES THROUGHOUT MIAMI-DADE AND BROWARD COUNTIES. SINCE ITS LAUNCH, SFYTP HAS INTRODUCED OVER 2,500 YOUTH-MANY EXPERIENCING THE SPORT FOR THE FIRST TIME-TO TENNIS ACROSS FIFTEEN COMMUNITY PARKS. |
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| IRS990/MissionDesc | 0 | THE ORGANIZATIONS PURPOSE IS TO SERVE INDIVIDUALS WHO EXPRESS AN INTEREST IN LEARNING TENNIS THROUGH A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 7/31/24, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2019. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATIONS PURPOSE IS TO SERVE INDIVIDUALS WHO EXPRESS AN INTEREST IN LEARNING TENNIS THROUGH A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FIRST SERVE MIAMI (FSM) IS A COMMUNITY-BASED, 501(C)(3) NONPROFIT ORGANIZATION FOUNDED IN 1974 AND LOCATED IN MIAMI, FLORIDA. ITS MISSION IS TO "EMPOWERING YOUTH ONE SERVE AT A TIME" WITH A COMBINATION OF ACADEMIC SOCIAL EMOTIONAL, AND LIFE SKILLS ENRICHMENT ACTIVITIES, WITH A FOCUS ON TENNIS. OVER THE DECADES, FSM HAS POSITIVELY IMPACTED THE LIVES OF MORE THAN 50,000 YOUNG PEOPLE ACROSS MOORE PARK, BRYAN PARK, AND OTHER COMMUNITY PARKS THROUGHOUT SOUTH FLORIDA. FSM'S SUCCESS IS ROOTED IN ITS STRONG PARTNERSHIPS, PARTICULARLY WITH THE CITY OF MIAMI'S PARKS AND RECREATION DEPARTMENT. THE ORGANIZATION ALSO BENEFITS FROM GENEROUS SUPPORT FROM MAJOR SPONSORS SUCH AS THE CHILDREN'S TRUST, THE USTA FOUNDATION AND USTA FLORIDA SECTION, THE GARNER FOUNDATION, WILLIAMS ISLAND IN AVENTURA AND THE MIAMI OPEN. ADDITIONALLY, FSM RECEIVES INVALUABLE BACKING FROM INFLUENTIAL SOUTH FLORIDA LEADERS INCLUDING GERALD MOORE, ESQ., MANUEL MEDINA, ALAN ROSENTHAL, ESQ., DR. JOHN URIBE, JEFFREY BINDER, LARRY & CHERYL SMIHT, WALTER LEIBER AND THE LATE FRED STOLLE. WITH THIS SUPPORT, FSM HAS DEVELOPED AND DELIVERED HIGH-IMPACT PROGRAMMING FOR UNDERSERVED YOUTH AGES 5 TO 18 AT MOORE PARK AND BRYAN PARK. SINCE 1999, THE ASHE-BUCHHOLZ TENNIS CENTER AT MOORE PARK HAS SERVED AS THE PRIMARY LOCATION WHERE YOUNG PARTICIPANTS RECEIVE INSTRUCTION IN TENNIS, LITERACY, NUTRITION, SOCIAL EMOTIONAL, FINANCIAL LITERACY AND LIFE SKILLS. FSM'S CURRICULUM ALSO INCLUDES EDUCATION AND TRAINING ON DRUG PREVENTION, CHILD SAFETY AWARENESS, GANG AWARENESS, TEAMWORK, CONFLICT RESOLUTION, AND CRISIS DE-ESCALATION. IN 2008, FSM LAUNCHED ITS ELITE PROGRAM: ADOPT-A-PLAYER, A COLLEGE READINESS AND SCHOLARSHIP INITIATIVE. AS OF TODAY, 58 OUT OF 59 HIGH SCHOOL GRADUATES FROM THE PROGRAM HAVE EARNED FULL OR PARTIAL SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES, INCLUDING ST. THOMAS UNIVERSITY, MIAMI DADE COLLEGE, WINGATE UNIVERSITY, VANDERBILT UNIVERSITY, UNIVERSITY OF TEXAS, FLORIDA INTERNATIONAL UNIVERSITY, AND BOSTON COLLEGE. EXPANDING ITS IMPACT EVEN FURTHER, FSM PARTNERED WITH THE USTA FOUNDATION AND USTA FLORIDA IN SEPTEMBER 2021 TO LAUNCH THE SOUTH FLORIDA YOUTH TENNIS PROGRAM (SFYTP). THIS INITIATIVE BRINGS TENNIS INSTRUCTION INTO EXISTING AFTERSCHOOL PROGRAMS SERVING UNDERSERVED COMMUNITIES THROUGHOUT MIAMI-DADE AND BROWARD COUNTIES. SINCE ITS LAUNCH, SFYTP HAS INTRODUCED OVER 2,500 YOUTH-MANY EXPERIENCING THE SPORT FOR THE FIRST TIME-TO TENNIS ACROSS FIFTEEN COMMUNITY PARKS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990 IS REVIEWED AND COMPARED TO THE INTERNALLY PREPARED FINANCIAL STATEMENTS, THAT IS ADJUSTED BY A CERTIFIED PUBLIC ACCOUNTANT, BY THE PRESIDENT/CHAIRMAN OF THE BOARD, VICE-PRESIDENT/VICE-CHAIRMAN AND TREASURER BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS MEET FREQUENTLY AND DISCUSS AND RESOLVE INFORMALLY ANY CONFLICT OF INTEREST THAT ARISES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ANNUAL PERFORMANCE AND COMPENSATION EVALUATIONS ARE PERFORMED APPROXIMATELY EVERY 12 MONTHS COINCIDING GENERALLY WITH THE ANNIVERSAY OF THE EMPLOYEES ORIGINAL DATE OF HIRE AND/OR ANNUAL DATE IN A GIVEN POSITION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | OTHER FEES 34,833 16,175 6,700 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
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| IRS990/TotalEmployeeCnt | 0 | 10 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 19869 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 76594 |
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