Overview
What is International Tennis Hall Of Fame Incorporated?
The International Tennis Hall of Fame Incorporated, situated in Newport, Rhode Island, at 194 Bellevue Avenue, ZIP code 02840, is a distinguished nonprofit organization. It is renowned for hosting the Infosys Hall of Fame Open for the Van Alen Cup, an annual ATP Tour event featuring 28 top-ranked male tennis players competing for the prestigious Van Alen Cup. Additionally, 32 male players compete for the doubles title. This tournament is the sole ATP Tour stop in the Northeastern United States and the only event to be played on grass courts in North America. Beyond its tennis tournament, the organization's mission is threefold: to preserve, celebrate, and inspire. By preserving the history of tennis and championing its legends, it contributes significantly to the growth of tennis worldwide. The International Tennis Hall of Fame employs a team of 169 individuals.
Official website here: www.tennisfame.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The International Tennis Hall of Fame Incorporated has received an overall score of 87%, which indicates a solid performance in various areas of accountability and finance. The organization excels particularly in leadership and adaptability, scoring 100%, which highlights its effective governance and proactive management. The high percentage of independent board members contributes to the integrity and oversight of the organization.
In terms of financial health, the organization shows a favorable liabilities to assets ratio of 8.06%, suggesting good fiscal management. However, it scored slightly lower in program expense ratio at 62.47%, indicating that there may be room for improvement in how funds are allocated toward its core programs. Nonetheless, the organization demonstrates a commitment to transparency and ethical practices with established policies for conflict of interest and whistleblower protections.
User feedback emphasizes the Hall of Fame's role in promoting tennis and preserving its history, but some concerns have been raised regarding community engagement, as reflected in its culture and community score of 77. Overall, while the organization has strong leadership and sound financial practices, addressing community involvement could enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is International Tennis Hall Of Fame Incorporated legitimate?
International Tennis Hall Of Fame Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Tennis Hall Of Fame 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: $899,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,740,284
For more financial information, click here
Official website here: www.tennisfame.com
What is the mission statement of International Tennis Hall Of Fame Incorporated?
The International Tennis Hall of Fame Incorporated preserves and promotes the history of tennis and honors its champions. By doing so, it plays a significant role in the expansion of tennis globally. The organization's mission is to safeguard tennis history and showcase its legendary figures. Hosting the Infosys Hall of Fame Open for the Van Alen Cup, an annual ATP Tour event, is one way they achieve this, attracting top male tennis players from around the world. The tournament on grass courts is the sole ATP Tour stop in the northeast and the only event in North America to feature grass courts.
Official website here: www.tennisfame.com
Who is the CEO of International Tennis Hall Of Fame Incorporated?
Dan Faber is the Chairman of International Tennis Hall Of Fame Incorporated. The CEO's salary of International Tennis Hall Of Fame Incorporated is $405,000 and their total compensation is $405,000.
Official website here: www.tennisfame.com
What is the revenue of International Tennis Hall Of Fame Incorporated?
International Tennis Hall Of Fame Incorporated's revenue in 2022 was $17,192,948.
Official website here: www.tennisfame.com
Who are the executives of International Tennis Hall Of Fame Incorporated and what are their salaries?
The average compensation at International Tennis Hall Of Fame Incorporated during 2022 was $27,456. There are 169 employees and 263 volunteers at International Tennis Hall Of Fame Incorporated.
Here are 27 key members and their salaries (International Tennis Hall Of Fame Incorporated's CEO's salary is $405,000 and their total compensation is $405,000):
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- Compensation: $405,000
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- Compensation: $196,232
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- Other: $17,829
Official website here: www.tennisfame.com
Where can I find the form 990 for International Tennis Hall Of Fame Incorporated?
International Tennis Hall Of Fame Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tennisfame.com
Learn more at the official website: www.tennisfame.com
Mission Statement of International Tennis Hall Of Fame Incorporated
The International Tennis Hall of Fame Incorporated is dedicated to preserving and promoting the history of tennis and its champions. This esteemed organization serves as a significant partner in the growth of tennis globally. Through its mission, it keeps the legacy of tennis alive and celebrates the achievements of its legendary players.
Situated at the heart of tennis history, the International Tennis Hall of Fame Incorporated takes pride in its commitment to preserving the rich heritage of the sport. By doing so, it ensures that future generations can learn from and be inspired by the stories of those who have shaped tennis into what it is today. The organization's preservation efforts extend beyond the past, as it continues to celebrate the present champions who continue to make their mark in the world of tennis.
Moreover, the International Tennis Hall of Fame Incorporated hosts the Infosys Hall of Fame Open for the Van Alen Cup, an annual ATP Tour event. This tournament brings together 28 of the top male tennis players in the world, who compete for the esteemed Van Alen Cup. The event is unique as it is the only ATP Tour stop in the Northeastern United States and the only event to be played on grass courts in North America. By hosting this tournament, the International Tennis Hall of Fame Incorporated not only honors the traditions of the game but also plays a crucial role in fostering the growth and development of tennis talent.
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Impact
October, 2024
The International Tennis Hall of Fame Incorporated plays a pivotal role in preserving and promoting the rich history of tennis, celebrating its champions, and inspiring future generations of players and fans. Through initiatives like the Infosys Hall of Fame Open, hosted annually on the historic grass courts of Newport, Rhode Island, the organization brings together premier tennis talent, showcasing 28 top male players competing for the prestigious Van Alen Cup, as well as a doubles title.
This tournament not only highlights the sport's heritage but also contributes significantly to the growth of tennis globally, as it is the only ATP Tour event in the Northeast and the sole competition on grass courts in North America. By hosting such events, the Hall of Fame draws attention to the sport, enriching the local community and fostering a deeper appreciation for tennis.
Furthermore, the International Tennis Hall of Fame serves as a vital educational resource, helping enthusiasts learn about the game's history and its iconic players, thereby cultivating a lasting legacy and inspiring future champions. Through its efforts, the organization actively engages with fans and players alike, reinforcing tennis's importance in the cultural landscape and driving ongoing interest and participation in the sport.
This information is meant to be a general summary of International Tennis Hall Of Fame 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: $2,370,605
- Program Service Revenue: $7,864,019
- Gross Receipts: $20,026,145
Assets and Liabilities:
- Total Assets: $72,794,208
- Total Liabilities: $2,441,398
- Net Assets: $70,352,810
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENNIS TOURNAMENTS
Revenue
$4,477,209
TENNIS COURT REVENUES
Revenue
$2,463,681
HALL OF FAME ADMISSION
Revenue
$530,804
NATIONAL JUNIOR TENNIS
Revenue
$392,325
Organization Details
Founding Year
1951
Phone
(401) 849-3990Principal Officer
Dan Faber
Main Address
194 BELLEVUE AVENUE, NEWPORT, RI, 02840
Website
www.tennisfame.comNTEE Category
Code: N660 - Recreation
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