INNERCITY TENNIS FOUNDATION

MINNEAPOLIS, MN, 55409-1516 (612) 825-6844 Est. 1952 EIN 41-6038537

N66Z - Recreation & Sports 990 - Public charity return 501(c)(3)

www.innercitytennis.org

Mission

INNERCITY TENNIS FOUNDATION (ICT), FOUNDED IN 1952, IS ON A MISSION TO UNLEASH AND DEVELOP THE POTENTIAL OF YOUTH ON AND OFF THE TENNIS COURT BY ENGAGING AND SERVING A SUPPORTIVE COMMUNITY. (SEE SCHEDULE O)THE FOUNDATION USES TENNIS AS A VEHICLE TO ENGAGE YOUTH AND PROVIDE COACHING, MENTORING, AND LIFE SKILLS DEVELOPMENT TO YOUTH AT ICT'S TENNIS CENTER AND ALL THROUGH MINNEAPOLIS IN PARKS, SCHOOLS, AND PARTNER LOCATIONS.

Financials

Total Revenue

$3,381,064

Total Expenses

$3,965,676

Net Assets

$3,460,518

142 employees 150 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

10.5 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 26.6%

Expenses ↑ 22.1%

Revenue Sources

Contributions 28.1% Earned revenue 71.7% Investment 0.8%

Expense Breakdown

Program 78.5% Management 18.3% Fundraising 3.2%

Officers & Key Employees (24)

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Grants Received (77)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$3,381,064 ↑	$3,965,676	$3,460,518
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$2,670,139 ↓	$3,248,395	$3,956,449
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$3,247,010 ↑	$2,771,672	$4,417,068
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$3,125,271 ↑	$2,498,024	$4,066,801
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$2,302,949 ↓	$2,261,427	$3,336,051
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$2,600,514	$2,495,180	$3,203,211