Overview
What is Usta Foundation Incorporated?
The Usta Foundation Incorporated, based in New York, is a nonprofit organization dedicated to supporting tennis delivery and educational curricula. They provide grants to eligible organizations, with a preference for those serving under-resourced demographics. In 2022, they granted $4,999,164 to 192 organizations. Their programs focus on capacity building for NJTL chapters, literacy, health, STEM, and identifying, training, and educating the next generation of tennis champions. Through these initiatives, the Usta Foundation combines tennis and education to positively impact under-resourced youth.
Official website here: www.ustafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The USTA Foundation Incorporated has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 100% in the Accountability & Finance category, indicating a high level of transparency and responsible management of resources. This rating is significant as it denotes the foundation's effectiveness in utilizing funds for its mission.
Strengths of the USTA Foundation include a fully independent board and comprehensive policies that enhance governance, such as conflict of interest and whistleblower protections. The charity has no reported material diversions of assets, further reinforcing its credibility. Additionally, the foundation boasts a high program expense ratio of 83.43%, demonstrating that the vast majority of its funding is directed towards its programs rather than administrative costs.
While the rating is exemplary, it is important for stakeholders to note that a singular focus on financial accountability does not provide a complete picture of the organization’s impact or effectiveness in achieving its mission. However, the strong financial indicators and zero liabilities to assets suggest a stable and well-managed nonprofit, making it a trusted choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Usta Foundation Incorporated legitimate?
Usta Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usta Foundation 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: $0
Professional Fundraising Fees: $47,975
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ustafoundation.com
What is the mission statement of Usta Foundation Incorporated?
The Usta Foundation Incorporated strives to make a positive impact on under-resourced youth by combining tennis and education. By merging these two powerful elements, they aim to transform lives and help serve up dreams. The organization offers grant support for qualified educational curricula and improved tennis delivery, prioritizing NJTL chapters that serve under-resourced demographics. In 2022, the Usta Foundation granted a total of $4,999,164 to 192 organizations. Some highlights of their programs include capacity building, literacy, health, and STEM initiatives, as well as the National Essay Contest and the Excellence Program. The capacity building program addresses the needs of NJTL chapters, supporting organizational growth and programmatic impact on under-resourced youth. The Excellence Program, in partnership with NJTL chapters and other entities, identifies, trains, and educates the next generation of American tennis champions and future leaders, providing quality coaching, equipment, and tournament travel at no cost to under-served junior players.
Official website here: www.ustafoundation.com
Who is the CEO of Usta Foundation Incorporated?
Kathleen Wu is the President/Director of Usta Foundation Incorporated.
Official website here: www.ustafoundation.com
What is the revenue of Usta Foundation Incorporated?
Usta Foundation Incorporated's revenue in 2022 was $13,702,809.
Official website here: www.ustafoundation.com
Who are the executives of Usta Foundation Incorporated and what are their salaries?
There 50 volunteers at Usta Foundation Incorporated.
Here are 16 key members and their salaries:
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Official website here: www.ustafoundation.com
Where can I find the form 990 for Usta Foundation Incorporated?
Usta Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ustafoundation.com
Learn more at the official website: www.ustafoundation.com
Mission Statement of Usta Foundation Incorporated
Usta Foundation Incorporated is a nonprofit organization that Brings Tennis & Education Together to Change Lives, with a particular emphasis on under-resourced youth. This powerful combination enables the foundation to Help Serve Up Dreams.
The Usta Foundation supports the implementation of educational curricula and improved tennis delivery through program and operational grants. It prioritizes funding for NJTL (National Junior Tennis & Learning) chapters, serving under-resourced demographics. In 2022, the foundation granted a total of $4,999,164 to 192 organizations.
Among the programs that received funding, the Capacity Building program addresses the needs of NJTL chapters to support organizational growth in areas such as sustainability, governance, management infrastructure, leadership development, and programmatic impact on under-resourced youth. The foundation also provides evidence-based curricula to NJTL chapters for use in elementary, middle, and high school students. These enrichment lessons complement national educational standards, using tennis as a foundation for learning valuable literacy, health, science, technology, engineering, and mathematics (STEM) competencies. Additionally, the National Essay Contest offers under-resourced students the opportunity to put their literacy skills into practical use, with contestants selected based on the merit of their essays and awarded an all-expenses-paid trip to the US Open in New York City. The Excellence Program, in partnership with NJTL chapters and other entities, identifies, trains, and educates the next generation of American tennis champions, national level competitors, collegiate players, and future leaders. The Excellence teams aim to break financial barriers by providing quality coaching, equipment, and tournament travel at no cost to under-served junior players from under-resourced populations.
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Impact
October, 2024
Usta Foundation Incorporated significantly impacts the lives of under-resourced youth by integrating tennis and education to foster personal development and achievement. Through substantial funding, the foundation grants operational support to organizations that implement unique educational curricula centered around tennis. In 2022 alone, it allocated nearly $5 million to 192 organizations, enhancing the capacity and outreach of National Junior Tennis and Learning (NJTL) chapters that serve under-resourced communities.
A cornerstone of its impact is the Capacity Building Program, tailored to meet the specific needs of NJTL chapters. This initiative focuses on fostering organizational growth, governance, and leadership development to ensure these programs can sustainably benefit the youth they serve.
Moreover, the USTA Foundation promotes literacy, health, and STEM through evidence-based curricula, helping students from elementary to high school improve their academic skills while engaging in recreational tennis. The National Essay Contest exemplifies this dual focus, providing under-resourced participants the opportunity to showcase their writing skills and win an unforgettable trip to the US Open.
The Excellence Program further emphasizes the foundation's commitment to breaking financial barriers in sports. By providing quality coaching, necessary equipment, and travel for tournaments at no cost, it empowers talented junior players from under-resourced backgrounds to pursue their dreams in tennis and beyond.
In essence, the USTA Foundation bridges the gap between sports and education, effectively changing lives and creating pathways for success among the youth it serves.
This information is meant to be a general summary of Usta Foundation 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: $263,278
- Gross Receipts: $13,961,014
Assets and Liabilities:
- Total Assets: $25,024,900
- Total Liabilities: $2,168,399
- Net Assets: $22,856,501
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Organization Details
Founding Year
1994
Phone
(914) 696-7000Principal Officer
Kathleen Wu
Main Address
2500 Westchester Avenue Suite 411, PURCHASE, NY, 10577
Website
www.ustafoundation.comNTEE Category
Code: N12 - Recreation
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