Sally Wilkey Foundation Inc

Nonprofit profile at a glance

EIN
843040148
IRS 990-EZ coverage
2019–2022
Forms available
Form 990-EZ 2022, Form 990-N 2020
Location
Vero Beach, FL, USA
Phone
7726962716
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Racquet Sports

Reported finances

Revenue
$194,248
Expenses
$188,376
Assets
$114,317
Liabilities
$3,263

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • JANE WILKEY (PRESIDENT)

People named in this filing

  • JANE WILKEY (PRESIDENT)
  • MAX WILKEY (TREASURER)
  • MOLLY RICE (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enrich the lives of underserved youth through tennis instruction, academic support, and life skills development.

What it reported doing in 2022

The sally wilkey tennis foundation exists with a singular purpose: to uplift and empower individuals through the transformative power of tennis. We believe in the boundless potential of each person, and through our programs and initiatives, we strive to create opportunities for growth, resilience, and excellence. By providing access to high-quality tennis instruction, mentoring, and scholarships, we aim to inspire a lifelong love for the sport while equipping individuals with the skills, values, and confidence to succeed both on and off the court. Together, we pave the way for a brighter, more inclusive future, where dreams are realized, barriers are shattered, and lives are forever changed.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.9%; rating input score 62
  • Program expense ratio: 63.9%; rating input score 64

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 3%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 41.5% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 40.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 44.5% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 61.9% of revenue deployed · 63.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $120K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.