Overview
What is Sioux Falls Tennis Association?
The Sioux Falls Tennis Association is a nonprofit organization based in Sioux Falls, South Dakota. With a dedicated team of 18 individuals, their primary mission is to promote and foster the growth of tennis within the community. They accomplish this by providing resources, programs, and leadership to individuals of all ages, genders, and backgrounds, ensuring that the sport is accessible and enjoyable for all residents of Sioux Falls and its surrounding areas. The organization played a significant role in organizing and directing the Sioux Falls Parks Youth Lesson Program, demonstrating their commitment to nurturing the sport at a grassroots level.
Official website here: www.sfta.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating.
The Sioux Falls Tennis Association has received a score of 61%, indicating a need for improvement in various areas of accountability and financial transparency. While the organization has a fully independent board and demonstrates a strong commitment to its programs with a program expense ratio of 99.48%, there are several weaknesses that have impacted its overall rating, particularly in governance practices.
The organization has been noted for its complete independent board of directors and no reported material diversion of assets, which are strengths that contribute positively to its financial accountability. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about governance and compliance. Additionally, the liabilities to assets ratio of 481.07% hints at significant financial obligations compared to its assets, which may affect its long-term sustainability.
Overall, while the Sioux Falls Tennis Association shows strengths in program spending and board independence, it must address critical governance issues and improve financial management practices to enhance its accountability and transparency. The absence of key policies and high liabilities could pose risks that may deter potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux Falls Tennis Association legitimate?
Sioux Falls Tennis Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Falls Tennis Association 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: $2,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,853
For more financial information, click here
Official website here: www.sfta.net
What is the mission statement of Sioux Falls Tennis Association?
The Sioux Falls Tennis Association's mission is to offer resources, programs, and leadership to foster and expand the game of tennis for individuals of various ages, genders, and backgrounds. Their primary goal is to promote tennis in the community and its surrounding areas. The organization plays a significant role in organizing and managing the Sioux Falls Parks Youth Tennis Lesson Program. Its activities are aimed at making tennis accessible and enjoyable for a diverse population.
Official website here: www.sfta.net
Who is the CEO of Sioux Falls Tennis Association?
Lydia Healy is the Executive Dire of Sioux Falls Tennis Association.
Official website here: www.sfta.net
What is the revenue of Sioux Falls Tennis Association?
Sioux Falls Tennis Association's revenue in 2022 was $1,145,083.
Official website here: www.sfta.net
Who are the executives of Sioux Falls Tennis Association and what are their salaries?
The average compensation at Sioux Falls Tennis Association during 2022 was $2,134. There are 18 employees at Sioux Falls Tennis Association.
Here are 13 key members and their salaries:
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Official website here: www.sfta.net
Where can I find the form 990 for Sioux Falls Tennis Association?
Sioux Falls Tennis Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfta.net
Learn more at the official website: www.sfta.net
Mission Statement of Sioux Falls Tennis Association
The Sioux Falls Tennis Association exists with a mission to offer resources, programs, and leadership, aiming to foster and expand the popularity of tennis among individuals of all ages, genders, and backgrounds in Sioux Falls and its surrounding areas. The organization's primary goal is to promote and grow the game of tennis, providing opportunities for people from diverse backgrounds to engage in this sport. By offering various programs and resources, Sioux Falls Tennis Association seeks to make tennis accessible and enjoyable for everyone in the community.
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Impact
October, 2024
The Sioux Falls Tennis Association significantly enhances the local community by providing resources, programs, and leadership to promote tennis for individuals of all ages, genders, and backgrounds. Its efforts to organize and direct youth lesson programs in Sioux Falls foster early engagement with the sport, encouraging physical activity and teamwork among young players. By making tennis accessible and promoting participation, the association helps to cultivate a vibrant tennis culture in the area, contributing to healthier lifestyles and stronger community ties. Through its initiatives, the Sioux Falls Tennis Association not only grows the game of tennis but also nurtures a sense of belonging and camaraderie among participants.
This information is meant to be a general summary of Sioux Falls Tennis Association. 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
- Program Service Revenue: $90,550
- Gross Receipts: $1,145,083
Assets and Liabilities:
- Total Assets: $416,537
- Total Liabilities: $1,238,435
- Net Assets: -$821,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$90,550
Organization Details
Principal Officer
Lydia Healy
Main Address
PO BOX 89512, SIOUX FALLS, SD, 57109
Website
www.sfta.netNTEE Category
Code: N66Z - Recreation
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