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Nonprofit · EIN 87-0934207

ASBURY PARK TENNIS INITIATIVE

Tax-exempt · ASBURY PARK, NJ 07712

Financials

$91K$73K2023$260K$253K2024
Revenue Expenses · by fiscal year end
Financials of ASBURY PARK TENNIS INITIATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$260,473$253,073$7,400$95,368$53,846$41,522
December 31, 2023990-EZ$91,165$72,823$18,342$284,122$250,000$34,122
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$260,456
of which government grants
$246,154
Program service revenue
$0
Investment income
$17
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$50,000
Salaries, compensation and benefits (total)
$50,000
Professional fundraising fees
$0
Accounting fees
$2,723
Program services (functional)
$248,484
Management and general (functional)
$4,589

Balance sheet and other

Total assets, start of year
$284,122
Total assets, end of year
$95,368
Total liabilities, end of year
$53,846
Net assets, end of year
$41,522
Land, buildings and equipment
$2,200
Net assets without donor restrictions
$41,522
Gross receipts
$260,473
Employees
0
Volunteers
0
Year formed
2021
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AARON WILLIAMSEXECUTIVE DIRECTOR
Officer
40$50,000
CHRISTIAN FUSCANINOBOARD MEMBER
Trustee or director
2$0
STEPHANIE HUNNELLBOARD MEMBER
Trustee or director
2$0
RICH HUNNELLBOARD MEMBER
Trustee or director
2$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
AARON WILLIAMEXECUTIVE DIRECTOR40$50,000
CHRISTIAN FUSCANINOBOARD MEMBER2$0
STEPHANIE HUNNELLBOARD MEMBER2$0
RICH HUNNELLBOARD MEMBER2$0

Address and contacts

Address (IRS master file)
PO BOX 531, ASBURY PARK, NJ 07712-0531
In care of
% STEPHANIE HUNNELL
Mailing address (990-N for 2022)
PO BOX 531, Asbury Park NJ 07712
Principal officer (990 for 2024)
AARON WILLIAMS, PO BOX 531, ASBURY PARK, NJ 07712
Principal officer (990-N for 2022)
Aaron Williams, PO Box 531, Asbury Park NJ 07712
Signed the 990
AARON WILLIAMS, EXECUTIVE DIRECTOR
Phone
(848) 298-1111
Return prepared by
CLIFTONLARSONALLEN LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $248,484

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
87-0934207
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$95,368
Income (IRS master file)
$260,473

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$260,473$253,073$95,368IRS
990-EZDecember 2023$91,165$72,823$284,122XML
990-N for 2022
Officer: Aaron Williams
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0934207).

Questions about ASBURY PARK TENNIS INITIATIVE

What is the EIN of ASBURY PARK TENNIS INITIATIVE?
The employer identification number (EIN) of ASBURY PARK TENNIS INITIATIVE is 87-0934207.
Is ASBURY PARK TENNIS INITIATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to ASBURY PARK TENNIS INITIATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASBURY PARK TENNIS INITIATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ASBURY PARK TENNIS INITIATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ASBURY PARK TENNIS INITIATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ASBURY PARK TENNIS INITIATIVE?
The 990 for the year ended December 31, 2024 names AARON WILLIAMS.
Who are the officers and directors of ASBURY PARK TENNIS INITIATIVE?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $50,000 (AARON WILLIAMS, EXECUTIVE DIRECTOR).
How much revenue does ASBURY PARK TENNIS INITIATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $260,473, expenses of $253,073 and total assets of $95,368 at year end.

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