Overview
What is Usta National Tennis Center Incorporated?
Usta National Tennis Center Incorporated, located in Purchase, New York, is a nonprofit organization dedicated to the promotion and development of tennis as a means for healthy recreation and physical fitness. They operate a year-round public recreational facility, most notably known for hosting the US Open Tennis Championships annually. The three-week event, including Fan Week, welcomed a record-breaking 888,044 attendees in 2022. The two-week main draw attracted 776,120 spectators. With a workforce of 1406 employees, the Usta National Tennis Center Incorporated strives to provide an engaging tennis experience for both professional and amateur players.
Official website here: www.usta.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
The USTA National Tennis Center Incorporated has received a favorable rating of 81%, reflecting its strong performance in accountability and finance. This score indicates that the organization operates with a high level of transparency and governance, as evidenced by having 93% of its board members being independent and maintaining robust financial oversight practices.
Strengths highlighted in the data include a perfect score in several key areas, such as its independent board size and the absence of asset diversions. Furthermore, the organization has comprehensive policies in place for conflict of interest, whistleblowing, and document retention, which contribute to its overall positive evaluation.
Despite its strengths, the overall score is based solely on accountability and finance metrics, suggesting that potential donors may want to consider other factors such as program effectiveness and impact before making contributions. Nevertheless, the high program expense ratio of 97.74% indicates a commitment to utilizing funds primarily for its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Usta National Tennis Center Incorporated legitimate?
Usta National Tennis Center Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usta National Tennis Center Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,025,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,896,920
For more financial information, click here
Official website here: www.usta.com
What is the mission statement of Usta National Tennis Center Incorporated?
The Usta National Tennis Center Incorporated is dedicated to promoting and developing the game of tennis as a means for healthy recreation and physical fitness. The organization operates a year-round public recreational facility with the primary goal of expanding the reach and accessibility of tennis. Each year, the center hosts the US Open Tennis Championships, welcoming both professional and amateur tennis players. The center's mission encompasses the operation of tennis facilities, including the annual US Open tournament. In 2022, the US Open at the center set attendance records, with a total of 888,044 attendees throughout the three-week event and 776,120 attendees during the main draw.
Official website here: www.usta.com
Who is the CEO of Usta National Tennis Center Incorporated?
Michael Mcnulty Iii is the Chairman & President of Usta National Tennis Center Incorporated. The CEO's salary of Usta National Tennis Center Incorporated is $0 and their total compensation is $677,564.
Official website here: www.usta.com
What is the revenue of Usta National Tennis Center Incorporated?
Usta National Tennis Center Incorporated's revenue in 2022 was $124,437,842.
Official website here: www.usta.com
Who are the executives of Usta National Tennis Center Incorporated and what are their salaries?
The average compensation at Usta National Tennis Center Incorporated during 2022 was $7,768. There are 1406 employees and 13 volunteers at Usta National Tennis Center Incorporated.
Here are 23 key members and their salaries (Usta National Tennis Center Incorporated's CEO's salary is $0 and their total compensation is $677,564):
- Compensation: $0
- Related: $1,287,827
- Other: $59,024
- Compensation: $982,777
- Related: $0
- Other: $42,528
- Compensation: $0
- Related: $643,667
- Other: $33,897
- Compensation: $295,322
- Related: $0
- Other: $58,446
- Compensation: $233,654
- Related: $0
- Other: $52,800
- Compensation: $239,425
- Related: $0
- Other: $28,079
- Compensation: $228,784
- Related: $0
- Other: $16,409
- Compensation: $224,788
- Related: $0
- Other: $12,943
- Compensation: $0
- Related: $35,000
- Other: $0
- Compensation: $0
- Related: $25,000
- Other: $0
- Compensation: $0
- Related: $21,000
- Other: $0
- Compensation: $0
- Related: $20,000
- Other: $0
- Compensation: $0
- Related: $20,000
- Other: $0
- Compensation: $0
- Related: $20,000
- Other: $0
- Compensation: $0
- Related: $15,500
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.usta.com
Where can I find the form 990 for Usta National Tennis Center Incorporated?
Usta National Tennis Center Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usta.com
Learn more at the official website: www.usta.com
Mission Statement of Usta National Tennis Center Incorporated
Usta National Tennis Center Incorporated, a renowned nonprofit organization, is dedicated to the promotion and development of tennis as a means for healthy recreation and physical fitness. This mission drives the operation of a year-round public recreational facility. The center is renowned for its significant role in the tennis world, as it annually hosts the US Open Tennis Championships.
Open to both professional and amateur tennis players, the US Open is a highlight of the organization's exempt purposes. Usta National Tennis Center Incorporated operates more than just tennis facilities; part of its operations encompasses the US Open. In 2022, the US Open set new attendance records, with a total of 888,044 attendees throughout the three-week event, including Fan Week, and 776,120 attendees during the two-week main draw. These records speak to the organization's success in attracting a large and engaged audience to its tennis events.
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Impact
October, 2024
Usta National Tennis Center Incorporated plays a vital role in promoting and developing the game of tennis, serving as a cornerstone for healthful recreation and physical fitness in the community. The center operates a year-round public recreational facility, making tennis accessible to individuals of all ages and skill levels.
At the heart of its impact is the USTA Billie Jean King National Tennis Center, renowned for hosting the US Open Tennis Championships. This prestigious event not only attracts professional and amateur players but also draws significant crowds, as evidenced by the record attendance of 888,044 in 2022 for the full three-week event. The excitement of the US Open fosters a greater interest in tennis, inspiring new players and helping to sustain the sport’s popularity.
Beyond the excitement of major tournaments, the center contributes to the local economy and enhances the community's quality of life by offering a wide range of tennis programs and facilities. By encouraging participation in tennis, Usta National Tennis Center Incorporation fosters a culture of health and fitness while creating a vibrant, engaged community centered around the sport.
This information is meant to be a general summary of Usta National Tennis Center Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $156,448
- Program Service Revenue: $124,150,463
- Gross Receipts: $124,437,842
Assets and Liabilities:
- Total Assets: $645,440,262
- Total Liabilities: $771,683,910
- Net Assets: -$126,243,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENNIS TOURNAMENT
Revenue
$113,076,718
COURT RENTAL PROGRAMS
Revenue
$5,543,082
OTHER EVENTS
Revenue
$2,816,408
RENTAL INCOME FROM EXEMPT AFFILIATE
Revenue
$2,714,255
Organization Details
Founding Year
1978
Phone
(914) 696-7000Principal Officer
Michael Mcnulty Iii
Main Address
2500 Westchester Avenue Suite 411, Purchase, NY, 10577
Website
www.usta.comNTEE Category
Code: N66 - Recreation
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