Overview
What is Chicago Platform Tennis Tournament Charities Inc?
Chicago Platform Tennis Tournament Charities Inc is a nonprofit organization situated at 362 S Berkshire Drive, Lake Forest, Illinois. Their primary mission is twofold: firstly, they donate funds to various unrelated charitable organizations that focus on charitable, religious, scientific, literary, and educational activities. This financial support enables these organizations to pursue their exempt purposes effectively. Secondly, the charity also works towards promoting and encouraging the sport of platform tennis among student-aged athletes. By providing donations and championing this sport, they aim to contribute positively to the community and inspire younger generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Chicago Platform Tennis Tournament Charities Inc. has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The overall score reflects a robust performance in the Accountability & Finance category. This rating is significant as it suggests the organization maintains a strong commitment to transparency and responsible stewardship of its financial resources.
The charity excels in several key areas, including having a fully independent board and a strong program expense ratio of 96.06%. This indicates that nearly all of the charity's expenditures are directed towards its programs and services, which is a positive marker of efficiency. Additionally, the organization has demonstrated effective governance through documented board meeting minutes and established conflict of interest policies.
Despite these strengths, the rating is based solely on the Accountability & Finance beacon, with no additional data on other operational aspects. While the financial health appears to be solid, stakeholders may benefit from more information regarding program effectiveness and impact to gain a comprehensive understanding of the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Platform Tennis Tournament Charities Inc legitimate?
Chicago Platform Tennis Tournament Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Platform Tennis Tournament Charities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Chicago Platform Tennis Tournament Charities Inc?
Chicago Platform Tennis Tournament Charities Inc's mission is centered around two main objectives. Firstly, the organization aims to make charitable donations to various unrelated entities that are engaged in charitable, religious, scientific, literary, and educational activities. This financial support is intended to boost and encourage these organizations' charitable interests, enabling them to carry out their exempt purposes effectively.
Secondly, the charity is dedicated to promoting the sport of platform tennis among student-aged athletes. This commitment to the youth is a significant part of its mission, as it seeks to nurture talent and foster a love for the sport among the younger generation.
Who is the CEO of Chicago Platform Tennis Tournament Charities Inc?
Alan Graham is the Executive Director & Director of Chicago Platform Tennis Tournament Charities Inc.
What is the revenue of Chicago Platform Tennis Tournament Charities Inc?
Chicago Platform Tennis Tournament Charities Inc's revenue in 2021 was $55,166.
Who are the executives of Chicago Platform Tennis Tournament Charities Inc and what are their salaries?
There 16 volunteers at Chicago Platform Tennis Tournament Charities Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Chicago Platform Tennis Tournament Charities Inc?
Chicago Platform Tennis Tournament Charities Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Chicago Platform Tennis Tournament Charities Inc
Chicago Platform Tennis Tournament Charities Inc is dedicated to serving two primary objectives. Firstly, it supports a variety of unrelated charitable organizations by making donations. These organizations engage in activities that are charitable, religious, scientific, literary, or educational in nature. By providing these organizations with much-needed funds, Chicago Platform Tennis Tournament Charities Inc aims to foster and encourage charitable interests.
Secondly, the organization is passionate about promoting the sport of platform tennis among student-aged athletes. This initiative serves to introduce young individuals to the game, potentially nurturing their interest and skill development in the sport. By promoting platform tennis, Chicago Platform Tennis Tournament Charities Inc contributes to the overall well-being and engagement of student athletes. The organization's mission is to strike a balance between philanthropy and sports, making a positive impact in both domains.
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Impact
August, 2024
Chicago Platform Tennis Tournament Charities Inc has a significant impact by providing donations to unrelated charitable organizations across various sectors such as charitable, religious, scientific, literary, and educational activities. Additionally, the organization promotes the sport of platform tennis to student-aged athletes. Through their donations, they support and encourage charitable interests by providing necessary funds to these organizations to carry out their exempt purposes. This activity not only benefits the recipients of the donations but also contributes to the overall promotion and advancement of charitable causes.
This information is meant to be a general summary of Chicago Platform Tennis Tournament Charities 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 2021.
- Investment Income: $24
- Program Service Revenue: $35,142
- Gross Receipts: $55,166
Assets and Liabilities:
- Total Assets: $34,702
- Total Liabilities: $0
- Net Assets: $34,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT ENTRY FEES
Revenue
$35,142
SPONSORSHIPS REVENUE
Organization Details
Founding Year
2005
Phone
(847) 302-7524Principal Officer
Alan Graham
Main Address
362 S BERKSHIRE DRIVE, LAKE FOREST, IL, 60045
NTEE Category
Code: N60 - Recreation
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