Asbury Park Tennis Initiative

Nonprofit profile at a glance

EIN
870934207
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
Location
Asbury Park, NJ, USA
Phone
8482981111
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Racquet Sports

Reported finances

Revenue
$260,473
Expenses
$253,073
Assets
$95,368
Liabilities
$53,846

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • AARON WILLIAMS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AARON WILLIAMS (EXECUTIVE DIRECTOR): $50,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Asbury park tennis initiative is going to prepare youth of asbury park for educational success and community leadership through tennis. We believe providing tennis, academics and life skills to under resourced youth levels the playing field and helps our students succeed in life. We are dedicated to enriching the lives of kids living in our community. Asbury park tennis initiative provides tennis, educational and life skills programs to support youth and inspire them to reach their greatest potential.

What it reported doing in 2024

Asbury park tennis initiative is:1. Committed to creating social and learning environment that are safe, inclusive, and nurturing for kids of all races, religions, sexual orientation, genders, abilities, and socio-economic backgrounds.2. Focuses on social and emotional development to prepare our students to be leaders on and off the tennis court. We take core principals from the statewide action plan to address adverse childhood experiences and integrate it into our tennis programming.3. Helps develop positive physical and emotional health practices in each of our participants. We combine the fun and activity of tennis with practical health information to give kids the tools to be healthy in body and mind.4. Believes in continuously improving as an organization. We teach each participant to pursue every challenge on the tennis court, in the classroom, or in the community with the highest level of integrity, fervor, and sportsmanship. We utilize tennis to empower youth with the proper tools and resources to become responsible and successful individuals. This means adopting a shared set of community to help youth resolve conflicts and build community. It takes a village. Asbury park tennis initiative partners with the asbury park school district, local community based organizations and churches, and local leadership to connect youth with services on and off the court.

Operating model

Revenue model
Grant-funded. 95% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 69
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.4%; rating input score 95
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 19.8%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 96.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -99.5% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 95.4% of revenue deployed · 98.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $248K in reported program spending
  • Leadership: top reported pay $50K · 4 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.