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Gtp Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562040723 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Gtp Foundation?

The Gtp Foundation, based in Greensboro, North Carolina (specifically at 3802 Jaycee Park Drive), is a dedicated nonprofit organization. Its primary mission is to promote the sport of tennis, catering to individuals of various income levels and skill sets. This is achieved through a diverse range of activities, including lessons, tennis camps, tournaments, and other related events. The foundation also extends its support by conducting tournaments on behalf of other charitable causes. With a team of 15 dedicated individuals, the Gtp Foundation strives to make tennis accessible and enjoyable for all.

Is Gtp Foundation legitimate?

Gtp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gtp Foundation 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: $128,425

For more financial information, click here

What is the mission statement of Gtp Foundation?

The Gtp Foundation's mission revolves around promoting tennis as a sport for individuals of all income levels and skill sets, both young and adult. They achieve this through various activities such as lessons, camps, tournaments, and other tennis-related events. Additionally, the foundation organizes tournaments to benefit other charitable causes. Their primary objective is to make tennis accessible and enjoyable for everyone, regardless of their financial status or tennis proficiency.

Who is the CEO of Gtp Foundation?

Michael Allen is the Principal Officer of Gtp Foundation.

What is the revenue of Gtp Foundation?

Gtp Foundation's revenue in 2020 was $234,458.

Who are the executives of Gtp Foundation and what are their salaries?

The average compensation at Gtp Foundation during 2020 was $8,562. There are 15 employees and 44 volunteers at Gtp Foundation.


Here are 10 key members and their salaries:


Richard Parker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Belangia (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Telfair Belangia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Fuller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Hahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minaz Jamal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Rick Sherwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Sherwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Whitacre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tess Worth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gtp Foundation?

Gtp Foundation's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Gtp Foundation

The Gtp Foundation, with a mission that is clear and far-reaching, is committed to advocating for the sport of tennis. This nonprofit organization aims to promote tennis as a recreational and competitive activity for individuals of all income levels and skill sets. To achieve this, they conduct various tennis lessons, camps, tournaments, and other related activities. The Gtp Foundation's mission is not limited to any specific demographic, welcoming both youth and adults to participate and enjoy the game of tennis.

Their activities are diverse, ranging from traditional tennis lessons to specialized programs such as wheelchair tennis. They also organize tournaments, which serve dual purposes. Firstly, they provide an opportunity for tennis enthusiasts to test their skills against others. Secondly, these tournaments serve as a means to raise funds for other charitable causes. In essence, the Gtp Foundation is dedicated to promoting tennis as a sport while also contributing to the broader community.

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Impact




October, 2024

The Gtp Foundation significantly impacts the community by promoting tennis for individuals of all ages and skill levels, making the sport accessible to everyone, regardless of their income. Through a variety of offerings such as lessons, camps, wheelchair tennis, and tournaments, the foundation fosters a love for the game while encouraging physical activity and social interaction among participants.

By organizing tournaments not only for skill development but also as fundraising events for other charitable causes, the foundation enhances community engagement and support. This multifaceted approach not only nurtures talent and provides recreational opportunities but also builds a sense of community among players, families, and supporters of the sport.

Located in Greensboro, NC, the foundation’s efforts contribute to a healthier, more active lifestyle for residents and create pathways for youth and adults to engage in tennis, often leading to lifelong friendships and enhanced social skills. The Gtp Foundation's commitment ensures that tennis is not just a sport but a means to enrich lives through recreation and personal growth.




This information is meant to be a general summary of Gtp Foundation. 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.

Revenue
$234,458 (2020)
Expenses
$225,181 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Program Service Revenue: $136,775
  • Gross Receipts: $234,458

Assets and Liabilities:

  • Total Assets: $164,773
  • Total Liabilities: $67,900
  • Net Assets: $96,873

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LESSONS & TOURNAMENTS

Revenue

$136,775

Organization Details

Founding Year

1997

Principal Officer

Michael Allen

Main Address

3802 JAYCEE PARK DRIVE, GREENSBORO, NC, 27455

NTEE Category

Code: N66 - Recreation

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