Overview
What is Friends Of Miami Tennis Inc?
Friends of Miami Tennis Inc, a nonprofit organization based in Pinecrest, Florida, with a ZIP code 33156, has a mission to promote tennis and improve the quality of life for Miami-Dade County residents. Until 2017, they managed three tennis park facilities in Miami-Dade County and Homestead. The Homestead facility was closed at the end of 2017, and plans to open another park in 2019 were halted due to COVID-19 related challenges. Their activities primarily involve operating these facilities, which include rent and all costs associated with maintaining the facilities and hiring tennis instructors. The organization, employing a team of 9 individuals, strives to foster a love for tennis and contribute positively to the local community.
Official website here: www.friendsofmiamitennis.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Friends Of Miami Tennis Inc has received a Three-Star rating from Charity Navigator, which reflects its strong performance in accountability and finance. The organization boasts a commendable score of 88% in this category, largely due to its independent board governance and sound financial practices, including a high program expense ratio of 87.03%, indicating that a substantial portion of its funds goes directly towards its mission.
The charity excels in several key areas, with all board members being independent and a transparent board size contributing to effective governance. Additionally, it has demonstrated a solid commitment to financial integrity, with no material diversion of assets and comprehensive financial statements available. However, some important policies, such as the whistleblower policy and document retention and destruction policy, were noted as missing, which could be areas for improvement.
Overall, while Friends Of Miami Tennis Inc shows strong accountability and effective financial practices, addressing the gaps in policy documentation could enhance its governance framework further. The organization’s commitment to tennis in Miami is apparent, and its financial health suggests a stable operation aimed at benefiting its community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Miami Tennis Inc legitimate?
Friends Of Miami Tennis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Miami Tennis 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: $44,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,497
For more financial information, click here
Official website here: www.friendsofmiamitennis.com
What is the mission statement of Friends Of Miami Tennis Inc?
Friends of Miami Tennis Inc's mission is centered around promoting the sport of tennis and improving the quality of life for individuals. Their goal is to spread the love for tennis across their community, serving as a catalyst for personal growth and enjoyment. By operating tennis facilities, they aim to provide a platform where people can engage in the game, fostering a sense of community and well-being. Despite facing challenges such as the closure of one facility and the postponement of a new project due to COVID-19, their dedication to promoting tennis and enriching lives remains unwavering.
Official website here: www.friendsofmiamitennis.com
Who is the CEO of Friends Of Miami Tennis Inc?
Bruce Boiko is the Pres. & Treas. of Friends Of Miami Tennis Inc.
Official website here: www.friendsofmiamitennis.com
What is the revenue of Friends Of Miami Tennis Inc?
Friends Of Miami Tennis Inc's revenue in 2022 was $542,177.
Official website here: www.friendsofmiamitennis.com
Who are the executives of Friends Of Miami Tennis Inc and what are their salaries?
The average compensation at Friends Of Miami Tennis Inc during 2022 was $34,704. There are 9 employees at Friends Of Miami Tennis Inc.
Here are 5 key members and their salaries:
- Compensation: $44,840
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.friendsofmiamitennis.com
Where can I find the form 990 for Friends Of Miami Tennis Inc?
Friends Of Miami Tennis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofmiamitennis.com
Learn more at the official website: www.friendsofmiamitennis.com
Mission Statement of Friends Of Miami Tennis Inc
Friends of Miami Tennis Inc, a nonprofit organization, is dedicated to promoting the game of tennis and improving the quality of life for the residents of Miami-Dade County, Florida. Their mission is twofold: firstly, they aim to popularize tennis within the community, and secondly, they strive to enrich the lives of its residents. Until 2017, they managed three tennis park facilities, two of which were in Miami-Dade County and one in the City of Homestead. Regrettably, the Homestead facility was closed at the end of 2017. Despite this setback, they had plans to open another park in 2019, but unforeseen circumstances related to COVID-19 halted this project. Friends of Miami Tennis Inc's activities primarily involve maintaining and operating these facilities, which include hiring tennis instructors and managing all related costs, such as rent and operational expenses.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Friends Of Miami Tennis Inc has a significant impact on the community by promoting the game of tennis and enhancing the quality of life for the residents of Miami-Dade County, Florida. Through its operation of tennis park facilities, the organization provides opportunities for individuals to engage in physical activity, learn new skills, and build relationships through the sport of tennis. Despite facing challenges such as the closure of one facility and the postponement of a new park project due to COVID-related issues, Friends Of Miami Tennis Inc remains dedicated to its mission of fostering recreation and wellness within the community. By offering access to tennis facilities, instructors, and programs, the organization serves as a valuable resource for promoting active and healthy lifestyles among the residents of Miami-Dade County.
This information is meant to be a general summary of Friends Of Miami Tennis 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.
- Program Service Revenue: $538,679
- Gross Receipts: $544,925
Assets and Liabilities:
- Total Assets: $89,064
- Total Liabilities: $20,000
- Net Assets: $69,064
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tennis Park
Revenue
$538,279
Volleyball
Revenue
$400
Organization Details
Founding Year
2007
Phone
(305) 934-4336Principal Officer
Bruce Boiko
Main Address
11767 South Dixie Highway 500, Pinecrest, FL, 33156
Website
www.friendsofmiamitennis.comNTEE Category
Code: N66 - Recreation
If you are a representative of Friends Of Miami Tennis Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.