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Gtp Foundation

Greensboro, NCUnknown exempt organization EIN 56-2040723Revenue $234K in FY2020

On file with the IRS3802 Jaycee Park Drive · Greensboro, NC

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Promotion of the sport of tennis for youth and adults of all income and skill levels through lessons, camps, tournaments, and other tennis activities. Also, conducting tournaments for the benefit of other charitable sponsors.

80¢ of each $1 spent went to programs.
Run by 44 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $69K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$68K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
Spent
$225K
To programs
80%
Net assets
$97K

From the FY2020 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $180K Management & general 13% · $30K Fundraising 7% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Belangia
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Fuller
Director
$0Pt VII · Sec A
Kelly Hahn
Director
$0Pt VII · Sec A
Minaz Jamal
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gtp Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes tennis for all ages and abilities through lessons, camps, and tournaments.

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Provided by the organization

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1 program · $180K · in their own filed words · FY2020
01

Lessons, tennis camps, wheelchair tennis, tournaments, and other tennis activities.

$180Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Usta Foundation IncorporatedFY2025$69K
Total grants receivedfrom 1 funder$69K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$234K
Ln 12
Fees for servicesLn 2g$137K
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$2K
Money outPt IX
$225K
Ln 25
Programscol B$180K
Managementcol C$30K
Fundraisingcol D$15K
Owns and owesPt X
$97K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$165K
LiabilitiesLn 26$68K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Fees for servicesLn 2g$137K
Other incomeLn 4–11$2K
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$124K
Cash and savings togetherLn 1–2$124K
Land, buildings, equipmentLn 10c$41K
Total assetsLn 16$165K
LiabilitiesLn 26$68K
Net assetsLn 32$97K
OperationsPt I, VI
EmployeesI 515
VolunteersI 644
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$43K$124K
Land, buildings, equipmentLn 10c$45K$41K
Total assetsLn 16$88K$165K
LiabilitiesLn 26$0$68K
Net assetsLn 32$88K$97K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$128K$128K
Payroll taxesLn 10$13K$13K
Advertising and promotionLn 12$15K$15K
Information technologyLn 14$2K$2K
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$41K$16K$25K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$225K$180K$30K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $234K$225K$9K$97K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $234,458 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,103$95,298
I-9 Program service revenuePrior year $303,834$136,775
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,356$2,385
I-12 Total revenuePrior year $484,293$234,458
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $359,318$141,796
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $188,777$83,385
I-18 Total expensesPrior year $548,095$225,181
I-19 Revenue less expensesPrior year −$63,802$9,277
Part VI · Governance 8 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $234,458 across 5 lines filed
VIII-1f All other contributions, gifts and grants$95,298
VIII-1h Total contributions, gifts and grants$95,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $136,775$136,775
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,385$2,385
VIII-12 Total revenueRelated to mission $139,160 · Unrelated business $0 · Excluded from tax $0$234,458
Part IX · Statement of functional expenses $225,181 across 9 lines filed
IX-7 Other salaries and wagesPrograms $128,425$128,425
IX-10 Payroll taxesPrograms $13,371$13,371
IX-12 Advertising and promotionFundraising $15,268$15,268
IX-14 Information technologyManagement $2,217$2,217
IX-16 OccupancyPrograms $13,910$13,910
IX-22 Depreciation, depletion and amortizationPrograms $3,759$3,759
IX-23 InsuranceManagement $2,421$2,421
IX-24 Other expenses (24a–d)Programs $15,962 · Management $25,462$41,424
IX-24e All other expensesPrograms $4,386$4,386
IX-25 Total functional expensesPrograms $179,813 · Management $30,100 · Fundraising $15,268$225,181
Part X · Balance sheet $164,773 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $42,696$123,632
X-10c Land, buildings and equipment, netStart of year $44,900$41,141
X-16 Total assetsStart of year $87,596$164,773
X-25 Other liabilitiesStart of year $0$67,900
X-26 Total liabilitiesStart of year $0$67,900
X-32 Total net assets or fund balancesStart of year $87,596$96,873
X-33 Total liabilities and net assetsStart of year $87,596$164,773
Part XI · Reconciliation of net assets $96,873 net assets at year end
XI-1 Total revenue$234,458
XI-2 Total expenses$225,181
XI-3 Revenue less expenses$9,277
XI-4 Net assets at start of year$87,596
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$96,873

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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