2024-11-12T09:24:07-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 416038537 INNERCITY TENNIS FOUNDATION INNE 6128256844 4005 NICOLLET AVENUE MINNEAPOLIS MN 55409 JOHN WHEATON EXECUTIVE DIRECTOR 6128256844 2024-11-08 1 1 ANN NEIL P01817922 6123764500 2024-11-08 2023 2024-10-15 13:58:12Z JOHN WHEATON 4005 NICOLLET AVENUE MINNEAPOLIS MN 55409 2816625 0 X WWW.INNERCITYTENNIS.ORG X 1952 MN TO ENGAGE A SUPPORTIVE COMMUNITY TO UNLEASH THE FULL POTENTIAL OF YOUTH, ON AND OFF THE TENNIS COURT. 19 19 130 150 0 0 1233117 716720 2038557 2001202 4500 1694 -29164 -49477 3247010 2670139 181095 318473 0 0 1628142 1862153 0 0 92562 962435 1067769 2771672 3248395 475338 -578256 4914594 4599543 497526 643094 4417068 3956449 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 2002568 261041 1662731 NATIONAL JUNIOR TENNIS & LEARNING PROGRAMS:INNERCITY TENNIS (ICT) IS A MEMBER OF THE USTA FOUNDATION'S NATIONAL JUNIOR TENNIS AND LEARNING NETWORK, A NETWORK MADE UP OF NONPROFIT YOUTH DEVELOPMENT ORGANIZATIONS THAT OFFER FREE OR LOW-COST TENNIS AND EDUCATION PROGRAMMING TO UNDER-RESOURCED YOUTH. AS SUCH, ICT LEVERAGES TENNIS TO CREATE OPPORTUNITIES FOR MINNEAPOLIS YOUTH TO ACHIEVE POSITIVE SOCIAL, EMOTIONAL, AND PHYSICAL GROWTH. OUR COACH-LED YOUTH DEVELOPMENT PROGRAMS EMPHASIZE THREE CORE AREAS: PHYSICAL ACTIVITY, MENTORSHIP, AND COMMUNITY BELONGING. RESEARCH INDICATES THAT PHYSICALLY ACTIVE YOUTH ARE LESS LIKELY TO ENGAGE IN RISKY BEHAVIORS, WHILE STRONG MENTORING RELATIONSHIPS AND A SENSE OF BELONGING ENHANCE ACADEMIC ACHIEVEMENT, EMOTIONAL WELL-BEING, AND REDUCE DELINQUENCY. THESE FACTORS COLLECTIVELY CONTRIBUTE TO DECREASED VIOLENCE BY ALLEVIATING STRESS, PROMOTING CONFLICT RESOLUTION SKILLS, AND FOSTERING POSITIVE SOCIAL CONNECTIONS.OUR FLAGSHIP YOUTH TENNIS PROGRAMS INCLUDE:TENNIS IN THE SCHOOLS: THIS PROGRAM OFFERS TOP-TIER YOUTH DEVELOPMENT THROUGH TENNIS IN PARTNERSHIP WITH MINNEAPOLIS SCHOOLS AND OTHER ORGANIZATIONS AT NO COST. IT IS STRUCTURED INTO THREE COMPONENTS:IN-SCHOOL PROGRAMMING: THROUGH THE SCHOOL YEAR, ICT COACHES WORK IN TWO MINNEAPOLIS PUBLIC SCHOOLS DAILY FOR 4-8 WEEKS, MONDAY THROUGH THURSDAY, PROVIDING 3-6 HOURS OF TENNIS INSTRUCTION IN COLLABORATION WITH MPS PHYSICAL EDUCATION TEACHERS.AFTER-SCHOOL PROGRAMMING: ICT COACHES LEAD AFTER-SCHOOL TENNIS CLUBS FOR ELEMENTARY AND MIDDLE SCHOOLS IN PARTNERSHIP WITH THE COMMUNITY EDUCATION AND EXTENDED DAY NETWORKS.SUMMER PROGRAMMING: ICT COACHES PROVIDED TENNIS ENRICHMENT AT EIGHT SITES FOR MINNEAPOLIS PUBLIC SCHOOLS SUMMER STUDENTS.TENNIS IN THE PARKS: IN 2023, TENNIS IN THE PARKS WAS HELD AT 21 MINNEAPOLIS PARKS, CONTINUING TO BE ONE OF THE CITY'S MOST ACCESSIBLE AND IMPACTFUL YOUTH DEVELOPMENT PROGRAMS THROUGH SPORTS.SUPER SATURDAYS: SUPER SATURDAYS IS A THREE-HOUR, MULTI-SPORT PROGRAM FOR 130 CHILDREN AGES 3-18, HELD TWICE A MONTH ON SATURDAY AFTERNOONS. THIS VOLUNTEER-DRIVEN PROGRAM IS ENTIRELY FREE FOR PARTICIPANTS.CITIES ACADEMY: CITIES ACADEMY OFFERS A YEAR-ROUND, OUT-OF-SCHOOL-TIME TENNIS PROGRAM FOR DEVELOPING AND COMPETITIVE YOUTH PLAYERS, WITH SUBSTANTIAL NEED-BASED SCHOLARSHIPS AVAILABLE TO SUPPORT PARTICIPATION. 704664 57432 338471 COMMUNITY TENNIS ASSOCIATION PROGRAMS:INNERCITY TENNIS IS ALSO A MEMBER OF THE USTA'S COMMUNITY TENNIS ASSOCIATION (CTA) NETWORK, WHICH COMPRISES NOT-FOR-PROFIT, VOLUNTEER-BASED ORGANIZATIONS DEDICATED TO EXPANDING THE GAME OF TENNIS. AS A CTA, ICT PROMOTES HEALTH, WELLNESS, AND COMMUNITY ENGAGEMENT FOR BOTH YOUTH AND ADULTS BY PROVIDING PUBLIC ACCESS TO AFFORDABLE INDIVIDUAL AND GROUP TENNIS INSTRUCTION AT OUR REED SWEATT FAMILY TENNIS CENTER IN SOUTH MINNEAPOLIS. OUR FACILITY, OPERATED IN PARTNERSHIP WITH THE MINNEAPOLIS PARK BOARD, ENSURES THAT TENNIS AND ITS NUMEROUS BENEFITS ARE ACCESSIBLE TO THE COMMUNITY. ADDITIONALLY, ICT CULTIVATES AN ACTIVE AND SUPPORTIVE ADULT COMMUNITY, ENCOURAGING THEM TO CONTRIBUTE, VOLUNTEER, AND SHARE THEIR EXPERTISE WITH YOUTH. THIS INTERGENERATIONAL VOLUNTEERISM ENRICHES THE PHYSICAL HEALTH, SOCIAL WELL-BEING, AND EMOTIONAL DEVELOPMENT OF BOTH ADULTS AND YOUTH. 2707232 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 12 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X JOHN WHEATON 6128256844 4005 NICOLLET AVE S MINNEAPOLIS MN 55409 JOHN NEALON BOARD CHAIR 1.00 X X 0 0 0 JILLIAN CHAPMAN SECRETARY 1.00 X X 0 0 0 CHRIS ABBOTT TREASURER 1.00 X X 0 0 0 MARGO PIETSCH DIRECTOR 1.00 X 0 0 0 BRAD ANDERSON DIRECTOR 1.00 X 0 0 0 ROY GINSBURG DIRECTOR 1.00 X 0 0 0 WILL PREST DIRECTOR 1.00 X 0 0 0 BOB COHEN DIRECTOR 1.00 X 0 0 0 REVEREND JOHNNY HUNTER DIRECTOR 1.00 X 0 0 0 ED KELLY DIRECTOR 1.00 X 0 0 0 JUSTIN LAU DIRECTOR 1.00 X 0 0 0 ANDRZEJ MALEWICZ DIRECTOR 1.00 X 0 0 0 JULIE PETERSON DIRECTOR 1.00 X 0 0 0 TRENT TUCKER DIRECTOR 1.00 X 0 0 0 MARCIA HARRIS DIRECTOR 1.00 X 0 0 0 HEMA VISWANATHAN DIRECTOR 1.00 X 0 0 0 HILARY SANTONI DIRECTOR 1.00 X 0 0 0 AMY WARE DIRECTOR 1.00 X 0 0 0 LYNNE RASMUSSEN DIRECTOR 1.00 X 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 40.00 X 247300 0 6653 247300 0 6653 1 0 1 0 CLIFTON LARSON ALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 554021436 ACCOUNTING SERVICES 120147 1 140824 160447 415449 20863 716720 ACTIVITY REVENUE 713940 1662731 1662731 SUMMER PARK PROGRAM FE 713940 338471 338471 2001202 1694 1694 63999 140824 117822 -53823 -53823 31438 28664 2774 2774 MISCELLANEOUS 900099 1572 1572 1572 2670139 2001202 0 -47783 318473 318473 253952 203162 25395 25395 1432686 1193877 180032 58777 18564 15568 2408 588 29478 24420 3593 1465 127473 105599 15537 6337 134077 134077 105366 102443 2923 22117 15200 6917 106484 90423 16061 7118 2458 4660 289033 270853 18180 8699 -2089 10788 4230 3304 926 256309 256309 35763 17423 18340 PROGRAM EXPENSES 70196 63204 6992 BAD DEBT EXPENSE 24159 24159 DUES AND SUBSCRIPTION 4218 2446 1772 3248395 2707232 448601 92562 620712 413534 1208266 1009960 100000 67229 164857 190491 14418 16649 17894 13639 3860859 2196108 1683849 1664751 919288 1037999 185310 185291 4914594 4599543 201678 208899 245126 395336 50722 38859 497526 643094 X 3817068 3509457 600000 446992 4417068 3956449 4914594 4599543 -578256 117637 0 X 0 1 X 1 0 X 658146 1057023 1217477 1233117 716720 4882483 2147760 1270381 1914700 2072542 2065201 9470584 2805906 2327404 3132177 3305659 2781921 14353067 261500 398581 264790 177555 45520 1147946 0 261500 398581 264790 177555 45520 1147946 13205121 1693 1693 1693 1693 -1970 30206 4403 4346 36985 2805906 2325434 3162383 3310062 2787960 14391745 0.91750 0.90650 0.00010 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ -1,970. 2021 AMOUNT: $ 4,584. 2022 AMOUNT: $ 6,469. 2023 AMOUNT: $ 1,572. SALE OF INVENTORY - 2021 AMOUNT: $ 25,622. 2022 AMOUNT: $ -2,066. 2023 AMOUNT: $ 2,774. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1786769 889564 897205 60320 60320 489365 355433 133932 1524405 951111 573294 1664751 CAPITAL LEASE LIABILITY 12178 NOTE PAYABLE 26681 38859 X 2652358 117637 125623 243260 2409098 261041 261041 2670139 3112977 125623 125623 2987354 261041 261041 3248395 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 28,664. FUNDRAISING EXPENSE 96,959. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 261,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 28,664. FUNDRAISING EXPENSE 96,959. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 261,041. ANNUAL GALA 197663 140824 56839 20863 1833 22683 16304 50310 ACES AND ALES 6755 0 6755 807 5022 204418 140824 63594 20863 1833 23490 16304 55332 117822 -54228 0 SCHOLARSHIPS 341 261041 0 N/A N/A TENNIS TEAM GRANTS 18 57432 0 N/A N/A 1 X X 0 0 0 0 0 0 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 217300 0 30000 0 0 0 6653 0 0 0 253953 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 ADDRESSED 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 INFLUENCE THE ACTIONS OF THE FOUNDATION. BOARD MEMBERS ARE REQUIRED TO 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 EXECUTIVE DIRECTOR 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 15 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. 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.