Overview
What is Wta Tour Inc?
Wta Tour Inc is a nonprofit organization based in St. Petersburg, Florida, with a workforce of 96 employees. Their primary mission is to promote the growth and recognition of women's tennis worldwide. They achieve this by organizing, sanctioning, administering, governing, and promoting a series of women's professional tennis tournaments globally. These tournaments, which have received sanction, benefit current professional women tennis players and participating tournaments. Wta Tour Inc's activities involve various sponsorship agreements that incur annual fees, granting certain obligations and rights to the organization under these agreements.
Official website here: www.wtatennis.com
What are the reviews and ratings of this charity?
WTA Tour Inc does not have a current rating on Charity Navigator. The absence of a rating is due to the organization's status as a non-501(c)(3) entity, preventing it from being assessed under Charity Navigator's standard evaluation methodologies. This includes various beacon scores such as Accountability & Finance, Impact & Measurement, and others, which require 501(c)(3) registration for a comprehensive evaluation.
While Charity Navigator provides historical ratings primarily based on Accountability and Finance, WTA Tour Inc's lack of IRS classification affects the availability of key data, such as revenue, expenses, and salaries of key personnel. It's important to note that the absence of a rating does not imply any negative or positive implications about the organization; it simply reflects the limitations set by Charity Navigator's criteria and data requirements.
No user reviews were found on GreatNonprofits for WTA Tour Inc. Therefore, public sentiment through personal testimonials and experiences from users is currently unavailable, further making it difficult to gauge community engagement or stakeholder satisfaction with this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wta Tour Inc legitimate?
Wta Tour Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wta Tour Inc 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: $5,209,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,324,323
For more financial information, click here
Official website here: www.wtatennis.com
What is the mission statement of Wta Tour Inc?
WTA Tour Inc is dedicated to fostering the expansion and esteem of women's tennis on a global scale. The organization plays a pivotal role in the administration and governance of various women's professional tennis tournaments around the world. By coordinating these events, WTA Tour Inc benefits its members, which include current women tennis players, participating tournaments, and the International Tennis Federation representing its member national tennis associations. The ultimate goal is to promote women's tennis growth and recognition for the collective advantage of its members and the sport.
Official website here: www.wtatennis.com
Who is the CEO of Wta Tour Inc?
Steve Simon is the Chairman And Ceo of Wta Tour Inc. The CEO's salary of Wta Tour Inc is $1,357,973 and their total compensation is $1,374,656.
Official website here: www.wtatennis.com
What is the revenue of Wta Tour Inc?
Wta Tour Inc's revenue in 2022 was $114,033,569.
Official website here: www.wtatennis.com
Who are the executives of Wta Tour Inc and what are their salaries?
The average compensation at Wta Tour Inc during 2022 was $151,390. There are 96 employees and 4 volunteers at Wta Tour Inc.
Here are 20 key members and their salaries (Wta Tour Inc's CEO's salary is $1,357,973 and their total compensation is $1,374,656):
- Compensation: $1,357,973
- Related: $0
- Other: $16,683
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $75,667
- Other: $0
- Compensation: $0
- Related: $104,167
- Other: $0
- Compensation: $0
- Related: $77,167
- Other: $0
- Compensation: $0
- Related: $79,167
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,204,718
- Related: $0
- Other: $50,735
- Compensation: $633,702
- Related: $0
- Other: $12,591
- Compensation: $224,842
- Related: $0
- Other: $22,691
- Compensation: $323,007
- Related: $278,965
- Other: $25,395
- Compensation: $302,590
- Related: $0
- Other: $7,271
- Compensation: $230,824
- Related: $0
- Other: $13,844
- Compensation: $267,255
- Related: $0
- Other: $7,469
- Compensation: $224,842
- Related: $0
- Other: $22,691
Official website here: www.wtatennis.com
Where can I find the form 990 for Wta Tour Inc?
Wta Tour Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wtatennis.com
Learn more at the official website: www.wtatennis.com
Mission Statement of Wta Tour Inc
WTA Tour, Inc. is a leading organization dedicated to the growth and recognition of women's tennis on a global scale. Their mission is multi-faceted, encompassing the organization, sanctioning, administration, governance, and promotion of a series of professional women's tennis tournaments around the world. This endeavor benefits a wide range of stakeholders, including current women tennis players, participating tournaments that have received WTA's sanction, and the International Tennis Federation representing its member national tennis associations.
By organizing and governing these tournaments, WTA Tour, Inc. ensures a common platform for women tennis players to showcase their skills and compete at the highest level. The sanctioned tournaments provide opportunities for players to earn points and advance in the rankings, thereby driving the growth and recognition of women's tennis. Furthermore, the organization's representation of international tennis federations enables a collaborative approach to the development and promotion of women's tennis on a global scale.
WTA Tour, Inc.'s commitment extends beyond the organization of tournaments. They govern the rules and regulations of women's professional tennis, providing a fair and consistent framework for all players. Additionally, they promote the sport through various initiatives, including marketing and media partnerships, sponsorships, and community outreach programs. With their unwavering dedication to the growth and recognition of women's tennis, WTA Tour, Inc. continues to be a driving force in the world of professional sports.
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Impact
October, 2024
WTA Tour Inc significantly influences the landscape of women's tennis globally by promoting the growth and recognition of the sport. Through the organization, sanctioning, administering, and governance of professional women's tennis tournaments, it creates opportunities for players to compete at high levels, thereby enhancing their careers and visibility.
The WTA forges various sponsorship agreements that contribute annual fees, ensuring the financial stability and promotion of tournaments. This not only bolsters the economic aspect of women's tennis but also fosters greater engagement from sponsors, expanding the sport's reach and appeal. By facilitating these tournaments, WTA Tour Inc plays a crucial role in elevating the status of women athletes in tennis, aligning with the global push for gender equality in sports.
Furthermore, the WTA’s partnerships with tournament class members and player class members ensure that the interests of current professional players are represented and supported, thus maintaining a healthy competitive environment. The organization also aligns with the International Tennis Federation to support national associations, thereby uniting various entities under the common goal of advancing women's tennis. Overall, WTA Tour Inc's impact permeates various levels of the sport, from grassroots initiatives to the professional realm, fostering a thriving ecosystem for women's tennis worldwide.
This information is meant to be a general summary of Wta Tour Inc. 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: $3,391,468
- Program Service Revenue: $105,200,197
- Gross Receipts: $114,107,506
Assets and Liabilities:
- Total Assets: $114,251,888
- Total Liabilities: $140,256,768
- Net Assets: -$26,004,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDIA RIGHTS
Revenue
$51,344,621
SPONSORSHIPS
Revenue
$39,588,690
TOUR OPERATIONS FEES
Revenue
$13,657,449
PLAYERS FEES
Revenue
$484,437
TOURNAMENT MEMBERSHIP SALES/FEES
Revenue
$125,000
Organization Details
Founding Year
1994
Phone
(727) 895-5000Principal Officer
Steve Simon
Main Address
110 SECOND AVENUE SOUTH 300-N, ST PETERSBURG, FL, 33701
Website
www.wtatennis.comNTEE Category
Code: N80 - Recreation
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