2023-11-15T16:20:05-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 416038537 INNERCITY TENNIS FOUNDATION INNE 6128256844 4005 NICOLLET AVENUE MINNEAPOLIS MN 55409 JOHN WHEATON EXECUTIVE DIRECTOR 6128256844 2023-11-15 1 JOHN WHEATON 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN WHEATON 4005 NICOLLET AVENUE MINNEAPOLIS MN 55409 3343151 0 X WWW.INNERCITYTENNIS.ORG X 1952 MN TO ENGAGE A SUPPORTIVE COMMUNITY TO UNLASE THE FULL POTENTIAL OF YOUTH, ON AND OFF THE TENNIS COURT. 22 22 102 250 0 0 1217477 1233117 1904355 2038557 0 4500 3439 -29164 3125271 3247010 137046 181095 0 0 1475635 1628142 0 0 210737 885343 962435 2498024 2771672 627247 475338 4397318 4914594 330517 497526 4066801 4417068 X 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. 0 0 1822710 181095 886451 YOUTH TENNIS AND EDUCATION PROGRAMS: ICT'S YOUTH PROGRAMS ARE SPECIFICALLY DESIGNED TO PROMOTE HEALTH, EDUCATION, COMMUNITY, AND CHARACTER. THESE PROGRAMS ARE DELIVERED IN 8 MINNEAPOLIS SCHOOLS AND PARTNER LOCATIONS, 22 MINNEAPOLIS PARKS, AND AT ICT'S 12 COURT INDOOR TENNIS CENTER IN SOUTH MINNEAPOLIS. EACH YEAR, APPROXIMATELY 5,000 MAINLY UNDERSERVED YOUTH ARE TAUGHT AND MENTORED BY ICT VIA: 1) FREE-OF-CHARGE PROGRAMS IN SCHOOLS, PARTNER ORGANIZATIONS, AND SUPER SATURDAYS AT ICT'S TENNIS CENTER, AND 2) FEE-BASED, OUT-OF-SCHOOL-TIME SUMMER TENNIS IN THE PARKS AND CITIES ACADEMY PROGRAMS THAT ARE OPEN TO ALL THROUGH NEED-BASED SCHOLARSHIPS. THOSE IN NEED INCLUDE AT-RISK KIDS, CHILDREN OF COLOR, AND CHILDREN FROM LOW-INCOME FAMILIES. 440517 0 1152106 ADULT AND FAMILY PROGRAMS & SERVICES:ICT PROMOTES THE HEALTH, WELLNESS, AND COMMUNITY NEEDS OF ADULTS BY PROVIDING PUBLIC ACCESS AND LOW-COST INDIVIDUAL AND GROUP INSTRUCTION IN THE LIFELONG SPORT OF TENNIS. NO REGISTRATION FEES ARE REQUIRED; THUS, THE FACILITY IS OPEN TO ALL. ICT ALSO ENCOURAGES ITS VERY ACTIVE AND SUPPORTIVE ADULT COMMUNITY TO GIVE, VOLUNTEER, AND SHARE THEIR TIME AND TALENTS WITH KIDS. ICT ENGAGES ADULTS KNOWING THAT INTERGENERATIONAL VOLUNTEER ENGAGEMENT WITH YOUTH HAS FAR-REACHING BENEFITS FOR BOTH GROUPS IN TERMS OF PHYSICAL AND SOCIAL/EMOTIONAL HEALTH AND DEVELOPMENT. 2263227 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 102 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X JOHN WHEATON 6128256844 4005 NICOLLET AVE S MINNEAPOLIS MN 55409 WILLIAM C PREST BOARD CHAIR 3.00 X X 0 0 0 JOHN F NEALON VICE CHAIR 1.00 X X 0 0 0 CHRISTOPHER A ABBOTT TREASURER 1.00 X X 0 0 0 JILLIAN STOCKMO CHAPMAN SECRETARY 1.00 X X 0 0 0 BRADLEY K ANDERSON DIRECTOR 1.00 X 0 0 0 NICK J BOLLETTIERI DIRECTOR 1.00 X 0 0 0 ROBERT L COHEN DIRECTOR 1.00 X 0 0 0 EDWARD KELLY DIRECTOR 1.00 X 0 0 0 ROY A GINSBURG DIRECTOR 1.00 X 0 0 0 MARGO HILEMAN DIRECTOR 1.00 X 0 0 0 REVEREND JOHN HUNTER DIRECTOR 1.00 X 0 0 0 RICHARD A KLEIN DIRECTOR 1.00 X 0 0 0 KATHRYN M LYONS DIRECTOR 1.00 X 0 0 0 ANDRZEJ M MALEWICZ DIRECTOR 1.00 X 0 0 0 ASTRID PEREZ-MARTIN DIRECTOR 1.00 X 0 0 0 JULIE A PETERSON DIRECTOR 1.00 X 0 0 0 LYNNE M RASMUSSEN DIRECTOR 1.00 X 0 0 0 RICK REUTER DIRECTOR 1.00 X 0 0 0 HILARY M SANTONI DIRECTOR 1.00 X 0 0 0 GABRIEL SZERDA DIRECTOR 1.00 X 0 0 0 TRENT TUCKER DIRECTOR 1.00 X 0 0 0 AMY S WARE DIRECTOR 1.00 X 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 40.00 X 193489 0 27736 193489 0 27736 1 0 1 0 0 176766 1056351 1233117 ACTIVITY REVENUE 713940 1775915 1775915 SUMMER PARK PROGRAM FE 713940 260840 260840 OUTREACH PROGRAMS 713940 1802 1802 2038557 4500 0 4500 4500 4500 33985 176766 67552 -33567 -33567 26523 28589 -2066 -2066 MISCELLANEOUS 900999 6469 6469 6469 3247010 2038557 0 -24664 181095 181095 221226 176980 22123 22123 1224161 946636 157619 119906 17993 12861 1482 3650 65273 46754 5399 13120 99489 77297 12419 9773 93724 46862 28117 18745 109408 78050 18935 12423 4400 2200 1100 1100 89982 71318 13435 5229 237806 228817 7823 1166 7778 7561 30 187 149 149 2406 1574 832 241116 241116 32222 15305 16111 806 PROGRAM EXPENSES 64584 62709 1875 SUPPLIES 60413 58298 1800 315 18447 7794 8459 2194 2771672 2263227 297708 210737 715939 620712 8005 1208266 7000 100000 681062 164857 11263 14418 22348 17894 3623668 1939819 1722500 1683849 1043792 919288 185409 185310 4397318 4914594 91302 201678 212587 245126 26628 50722 330517 497526 X 4066551 3817068 250 600000 4066801 4417068 4397318 4914594 475338 -125071 0 X 0 1 X 1 0 X 582898 658146 1057023 1217477 1233117 4748661 2112605 2147760 1270381 1914700 2072542 9517988 2695503 2805906 2327404 3132177 3305659 14266649 198882 261500 398581 264790 177555 1301308 0 198882 261500 398581 264790 177555 1301308 12965341 3915 -1970 30206 4403 36554 2699418 2805906 2325434 3162383 3310062 14303203 0.90650 0.90370 0.00000 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 3,915. 2020 AMOUNT: $ -1,970. 2021 AMOUNT: $ 4,584. 2022 AMOUNT: $ 6,469. SALE OF INVENTORY - 2021 AMOUNT: $ 25,622. 2022 AMOUNT: $ -2,066. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1607394 794395 812999 13674 13674 478195 310793 167402 1524405 834631 689774 1683849 CAPITAL LEASE LIABILITY 19644 NOTE PAYABLE 31078 50722 X 2969433 -125071 28589 -96482 3065915 181095 181095 3247010 2619166 28589 28589 2590577 181095 181095 2771672 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR UNCERTAIN TAX POSITIONS AND FILES AS A TAX-EXEMPT ORGANIZATION. NO LIABILITY HAS BEEN RECOGNIZED BY THE FOUNDATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 28,589. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 181,095. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 28,589. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 181,095. ANNUAL GALA 182679 160494 22185 33180 6465 22209 XTEAM CUP 13530 8180 5350 528 2 14542 8092 6450 4528 642 210751 176766 33985 33180 10993 23379 67552 -33567 0 SCHOLARSHIPS 400 181095 0 N/A N/A 1 X X 0 0 0 0 0 0 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 165753 0 0 0 27736 0 6335 0 21401 0 221225 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE OFFICERS AND CHAIRS OF THE BOARD'S STANDING COMMITTEES SHALL SERVE ON THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE CORPORATION'S ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD. MAJOR DECISIONS OF THE EXECUTIVE COMMITTEE SHALL BE REVIEWED AND RATIFIED, OR OTHERWISE ACTED UPON, BY THE BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE AND QUESTIONS ADRESSED BY MANAGEMENT, A COPY OF THE FORM 990 WILL BE PRESENTED TO THE FULL BOARD OF DIRECTORS TO REVIEW THE RETURN, ASK QUESTIONS, AND REQUEST CHANGES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND ANY EMPLOYEES WHO MAY INFLUECNE THE ACTIONS OF THE FOUNDATION. BOARD MEMBERS ARE REQUIRED OT DISCLOSE ANY CONFLICTS OF INTERESTS ANNUALLY AT THE DECEMBER BOARD MEETING. A CONFLICT OF INTEREST POLICY AND STATEMENT IS DISTRIBUTED TO THE BOARD IN CONJUNCTION WITH THE BOARD MEETING. BOARD MEMBERS AND OFFICERS SIGN AND RETURN THE STATEMENT TO THE EXECTUIVE DIRECOTR ON BEHALF OF THE BOARD. THE BOARD, OR A DULY CONSTITUTED COMMITTEE THEREOF, SHALL DETERMINE IF A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE FOUNDATION. INDIVIDUALS WITH A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE DISCUSSION NOR THE APPROVAL OF THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS RECEIVES NO COMPENSATION FROM THE FOUNDATION. THE ONLY OFFICER WHO RECEIVES A SALARY IS THE EXECUTIVE DIRECTOR. PERFORMANCE EVALUATIONS ARE CONDUCTED BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE, SALARY INCREASES AND/OR BONUSES AWARDED ARE DETERMINED BASED ON WRITTEN GOALS. ANNUAL MEASURABLE OBJECTIVES ARE IDENTIFIED BY THE EXECUTIVE DIRECTOR AND A SELF REVIEW IS PROVIDED. THE OBJECTIVES ARE REVIEWED WITH THE OFFICERS AND THE BOARD CHAIR. FINAL APPROVAL OF REVIEW AND COMPENSATION IS VOTED ON BY THE BOARD. THE DELIBERATION PROCESS AND DETERMINATION ARE DOCUMENTED IN THE MEETING MINUTES. IN ADDITION TO THAT, OTHER NJTL CHAPTERS ACROSS THE COUNTRY ARE USED IN DETERMINING COMPARABILITY AND BENCHMARKING OF SALARY. THE REVIEW TAKES PLACE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.