2023-11-10T15:39:27-06:00 2022-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2022-01-01 136144356 INTERNATIONAL TENNIS HALL OF FAME INCORPORATED INTE 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 DAN FABER CURRENT CEO 4018493990 2023-11-10 1 DAN FABER 999009999 0 PATRICK J MARTIN P00283486 4012742001 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN FABER 194 BELLEVUE AVENUE NEWPORT RI 02840 20026145 0 X WWW.TENNISFAME.COM X 1951 RI PRESERVE. CELEBRATE. INSPIRE. 20 20 169 263 9303 8303 4137772 6177354 6175315 7864019 2997268 2370605 713834 780970 14024189 17192948 50000 50000 0 0 4824660 5442163 0 0 1395553 7199123 8509563 12073783 14001726 1950406 3191222 82551116 72794208 6654051 2441398 75897065 70352810 X THE INTERNATIONAL TENNIS HALL OF FAME PRESERVES AND PROMOTES THE HISTORY OF TENNIS AND CELEBRATES ITS CHAMPIONS, THEREBY SERVING AS A VITAL PARTNER IN THE GROWTH OF TENNIS GLOBALLY. 0 0 2801703 4477209 TENNIS TOURNAMENT - THE INFOSYS HALL OF FAME OPEN FOR THE VAN ALEN CUP IS AN ATP TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS OF THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS 28 OF THE TOP MALE PLAYERS IN THE WORLD COMPETING FOR THE VAN ALEN CUP AND 32 MALE PLAYERS COMPETE FOR THE DOUBLES TITLE. THE TOURNAMENT IS THE ONLY ATP TOUR STOP IN THE NORTHEAST AND THE ONLY EVENT TO BE PLAYED ON GRASS COURTS IN NORTH AMERICA. 2536321 2463681 TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALLS OF FAME WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS. PLAYERS OF EVERY AGE AND ANY ABILITY LEVEL CAN PLAY TENNIS ON THE HALL OF FAME'S LEGENDARY GRASS COURTS, WHERE THE FIRST US NATIONAL TENNIS CHAMPIONSHIPS WERE HELD IN 1881. TENNIS CHAMPIONS PAST AND PRESENT HAVE GRACED THE HALL OF FAME'S GRASS COURTS INCLUDING BILLIE JEAN KING, ROD LAVER, MARTINA NAVRATILOVA, JOHN MCENROE - JUST TO NAME A FEW. THE HALL OF FAME TENNIS CLUB OFFERS ADULT AND JUNIOR TENNIS PROGRAMMING YEAR-ROUND, WITH 6 HARD COURTS, 13 GRASS COURTS, AND 1 CLAY COURT AVAILABLE. 3236914 50000 530804 ENSHRINEMENT - THE INTERNATIONAL TENNIS HALL OF FAME WAS ESTABLISHED IN 1954 AT THE NEWPORT CASINO AS A "SHRINE TO THE IDEALS OF THE GAME". ORIGINALLY NAMED THE NATIONAL LAWN TENNIS HALL OF FAME, IT WAS SANCTIONED BY THE UNITED STATES TENNIS ASSOCIATION IN 1954. THE FIRST CLASS WAS ENSHRINED INTO THE HALL OF FAME IN 1955. IN 1986, WE ACHIEVED WORLDWIDE RECOGNITION AS THE SPORT'S OFFICIAL HALL OF FAME BY THE INTERNATIONAL TENNIS FEDERATION. INDIVIDUALS ARE ELECTED BASED ON THEIR RECORDS OF COMPETITIVE ACHIEVEMENT, WITH ANCILLARY CONSIDERATION GIVEN TO SPORTSMANSHIP AND CHARACTER. INDIVIDUALS ARE ELECTED IN ONE OF THREE CATEGORIES: PLAYER, CONTRIBUTOR, AND WHEELCHAIR. A SERIES OF VOTING PANELS REPRESENTING THE INTERNATIONAL TENNIS COMMUNITY VOTE TO ELECT THESE INDIVIDUALS FOR ENSHRINEMENT. THE ENSHRINEMENT CEREMONY OCCURS AT THE INTERNATIONAL TENNIS HALL OF FAME EACH JULY. THE MUSEUM, HOUSED IN THE NEWPORT CASINO, WAS BUILT BY JAMES GORDON BENNETT IN 1880. THE NEWPORT CASINO WAS DECLARED A NATIONAL HISTORIC LANDMARK IN 1987 AND BECAME THE FIRST SPORTS HALL OF FAME TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS IN 2013 AND REACCREDITED IN 2022. THE HISTORIC NEWPORT CASINO IS AN UNCOMMON EXAMPLE OF SPORTING EXCELLENCE. THE EXHIBITS HIGHLIGHT THE GROWTH AND DEVELOPMENT OF TENNIS THROUGH THE 21ST CENTURY, WITH A PARTICULAR EMPHASIS ON ITS CULTURAL IMPACT. THE STORIES OF OUR HALL OF FAMERS, FROM OUR FIRST CLASS IN 1955 TO TODAY, ARE TOLD THROUGHOUT THE GALLERIES PROVIDING PERSONAL INSIGHT INTO THE HISTORICAL DEVELOPMENTS OF THE GAME. THE EXHIBITS ARE DRAMATICALLY SET IN THE ORIGINAL ROOMS OF THE NEWPORT CASINO, WHERE VISITORS OF ALL AGES CAN DELIGHT IN STANFORD WHITE'S ARCHITECTURAL DETAIL. THE WOOLARD FAMILY ENSHRINEMENT GALLERY HONORS THE GREATEST CHAMPIONS, INNOVATORS, AND ADMINISTRATORS OF TENNIS WHO HAVE BEEN ENSHRINED INTO THE HALL OF FAME. 523869 392325 TEAMFAME - OUR NATIONAL JUNIOR TENNIS & LEARNING (NJTL) CHAPTER, KNOWN AS TEAMFAME, WHICH STANDS FOR FUTURE ACES MODELING EXCELLENCE. TEAMFAME PROVIDES TENNIS LESSONS, ACADEMIC SUPPORT, AND CHARACTER DEVELOPMENT PROGRAMMING FOR MIDDLE SCHOOL STUDENTS IN HELPING THE UNDERSERVED COMMUNITY REACH THEIR GOALS, LEARN NEW SKILLS, AND CHANGE LIVES ON AND OFF THE COURT. 523869 392325 9098807 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 80 0 169 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL CA FL MD MA MS NJ NY NC OR PA RI SC TN UT VA X BARBARA KLASSNER 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 MICHAEL F GOSS CHAIRMAN 30.00 X X 0 0 0 LAURIE A ERLANDSON TREASURER 0.50 X X 0 0 0 JAMES M CITRIN SECRETARY 0.50 X X 0 0 0 ALAN G MNUCHIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 ANDREA W RICE EXECUTIVE COMMITTEE 0.50 X 0 0 0 DANIEL SWAN EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID A HAGGERTY EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID GOULDEN EXECUTIVE COMMITTEE 0.50 X 0 0 0 KATRINA M ADAMS EXECUTIVE COMMITTEE 0.50 X 0 0 0 PHILIP DE PICCIOTTO EXECUTIVE COMMITTEE 0.50 X 0 0 0 RUSSELL P FRADIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 STEPHEN R LEWINSTEIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 ANDREA L LISHER EXECUTIVE COMMITTEE 0.50 X 0 0 0 DEBORAH S LARKIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 KURT L WRIGHT EXECUTIVE COMMITTEE 0.50 X 0 0 0 RAOUL J HUET EXECUTIVE COMMITTEE 0.50 X 0 0 0 GIGI FERNANDEZ EXECUTIVE COMMITTEE 0.50 X 0 0 0 GARY C TOLMAN EXECUTIVE COMMITTEE 0.50 X 0 0 0 LINDA GLASSEL EXECUTIVE COMMITTEE 0.50 X 0 0 0 DOMINIC CASSERLEY EXECUTIVE COMMITTEE 0.50 X 0 0 0 TODD MARTIN CEO (TO 12/22) 60.00 X 452445 0 42406 TODD MARTIN CEO (2021 & 2022 BONUS) 60.00 X 405000 0 0 DOUGLAS STARK FORMER MUSEUM DIRECTOR 45.00 X 146779 0 465 WILLIAM MOUNTFORD DIRECTOR OF TENNIS 45.00 X 253275 0 21959 STACEY LOCKER SVP ADVANCEMENT 45.00 X 168429 0 31530 BREWER ROWE SVP, OPERATIONS & TOURNAMENT DIRECTOR 45.00 X 199838 0 23261 JULIANNA BARBIERI PIGGIN SVP, CONTENT AND PARTNERSHIPS 45.00 X 196232 0 17829 1821998 0 137450 13 0 1 0 RUSSELL MORIN CATERING & EVENTS 95 FRANK MOSSBERG DRIVE ATTLEBORO MA 02703 CATERING FOR EVENTS 265561 SIFT INC 1120 INVERNESS PLACE SAN LUIS OBISPO CA 93401 VIDEO PRODUCTION 195776 RUDNICK COMPUTER CONSULTANTS INC 40 NASHUA STREET PROVIDENCE RI 02904 COMPUTER/ IT CONSULTANT 169338 CORINTHIAN EVENTS 109 KINGSTON ST 6TH FLOOR BOSTON MA 02111 COMMISSION ON EVENT RENTALS 159228 BLENDER 135 MADISON LLC 135 MADISON AVENUE NEW YORK NY 10016 EVENT SPACE RENTAL AND CATERING 129468 6 687670 1386921 4102763 327668 6177354 TENNIS TOURNAMENTS 900099 4477209 4477209 TENNIS COURT REVENUES 900099 2463681 2463681 HALL OF FAME ADMISSION 900099 530804 530804 NATIONAL JUNIOR TENNIS 900099 392325 392325 7864019 273708 -3798 277506 1109909 322390 787519 787519 787519 3698973 1602076 2096897 2096897 2096897 136970 687670 329897 -192927 -192927 745079 578834 166245 13101 153144 MISCELLANEIOUS REVENUE 900099 20133 20133 20133 17192948 7864019 9303 3142272 50000 50000 899851 224963 674888 3740284 2598782 781643 359859 71752 41214 21407 9131 461242 262655 165064 33523 269034 171133 71915 25986 116038 2867 103725 9446 67300 67300 67708 67708 754113 274444 327458 152211 761633 262539 292600 206494 721351 569424 115855 36072 519102 488253 30849 303761 190170 98167 15424 270467 179573 90894 118294 118294 1506361 1416893 89468 298995 234861 64134 MISCELLANEOUS EXPENSES 1197100 856899 17608 322593 TENNIS PRIZE MONEY AND 845607 845607 REPAIRS AND MAINTENANCE 740732 373507 184755 182470 DUES AND SUBSCRIPTIONS 192724 42064 110238 40422 28277 12959 13396 1922 14001726 9098807 3507366 1395553 2400 2200 4243080 3678812 2329961 2073167 385843 1112141 190884 215884 101574 145995 40131400 20125633 21195446 20005767 40763385 32774769 13311442 12780349 27101 5124 82551116 72794208 1182927 926048 523436 531036 3821487 617973 704828 0 421373 366341 6654051 2441398 X 32347830 34167457 43549235 36185353 75897065 70352810 82551116 72794208 X 3191222 -8090684 -644793 X 0 1 X 1 0 X 2461889 7643348 4160123 5382481 6177354 25825195 5688061 5136981 2729787 5686423 8732967 27974219 8149950 12780329 6889910 11068904 14910321 53799414 598336 1865558 1423123 950527 478721 5316265 0 598336 1865558 1423123 950527 478721 5316265 48483149 1313377 2043472 3139043 2242728 1387415 10126035 1313377 2043472 3139043 2242728 1387415 10126035 3049 11933 1892 14572 9303 40749 56497 20113 76610 9466376 14835734 10030845 13382701 16327152 64042808 0.75700 0.72010 0.15810 0.18070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 35127492 -3211786 1920000 29995706 30213113 6714379 1800000 35127492 27930067 3983046 1700000 30213113 27347513 2228797 1646243 27930067 31223510 -2375998 1499999 27347513 0.00000 0.50220 0.49780 0 0 3475368 3475368 29906677 15750424 14156253 4047494 3166507 880987 2701861 1208702 1493159 20005767 ADAMS STREET 509048 C CHARITABLE REMAINDER TRUSTS 2744291 C DEFERRED COMPENSATION INVESTMENTS 366341 C NEUBERGER BERMAN 3824614 C PRINCIPAL REAL ESTATE FUND 718050 C PARTNERS GROUP 2509093 C CROSSSHORE OVERSEAS 38554 C AEW CORE PROPERTY TRUST 2070358 C 12780349 DEFERRED COMPENSATION PAYABLE 366341 366341 X 9789217 -8090684 754661 -7336023 17125240 67708 67708 17192948 15333472 1399454 1399454 13934018 67708 67708 14001726 PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS CONSIST OF OVER 30,000 OBJECTS RANGING FROM FINE ART, TROPHIES, PLAYER MEMORABILIA, TENNIS RACQUETS, EQUIPMENT AND OTHER EPHEMERA RELATED TO THE HISTORY OF THE SPORT, ITS CHAMPIONS, ENSHRINES AND THE CULTURAL HISTORY OF THE CASINO. THE LIBRARY AND ARCHIVES COLLECTION CONSISTS OF 3,000 BOOKS, 350,000 STILL IMAGES OF PLAYERS, INFORMATION RELATING TO THE ORIGINS OF THE GAME, THE CASINO AND OTHER TENNIS RELATED SUBJECTS, 4,000 AUDIO VISUAL MATERIALS, AND AN ABUNDANCE OF PERIODICALS, SIGNIFICANT CORRESPONDENCE, AND RECORDS. THE EDUCATION COLLECTION CONSISTS OF OBJECTS AND EQUIPMENT USEFUL TO HANDS-ON STUDY OR OTHER PROGRAMS OF EDUCATION. THE ORGANIZATION MAINTAINS A MUSEUM COLLECTIONS POLICY THAT ADDRESSES COLLECTIONS UPKEEP, ACCESSION AND DEACCESSION POLICIES AND OTHER ASPECTS OF COLLECTIONS MANAGEMENT. FUNDS REALIZED THROUGH SALE OF UNWANTED AND UN-ACCESSIONED OR DEACCESSIONED OBJECTS ARE USED SOLELY FOR COLLECTION ACQUISITIONS AND THE DIRECT CARE OF THE PERMANENT COLLECTION (INCLUDING PRESERVATION, CONSERVATION TREATMENT, AND RESTORATION). THESE FUNDS WILL BE PLACED IN A RESTRICTED DIRECT CARE FUND WITHIN THE MUSEUM'S COLLECTIONS ACQUISITION FUND. AS STATED IN NOTE 2, THE COLLECTIONS ARE NOT CAPITALIZED BY THE ORGANIZATION AND ARE NOT INCLUDED ON THE STATEMENT OF FINANCIAL POSITION. HOWEVER, BASED ON AN INDEPENDENT APPRAISAL CONCLUDED IN 2014, THE COLLECTIONS ARE VALUED AT APPROXIMATELY $11,500,000. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE INCOME TO UNDERWRITE OPERATIONS. PART X, LINE 2: THE HALL OF FAME IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE HALL OF FAME OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE HALL OF FAME ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE HALL OF FAME ALSO ANNUALLY FILES IRS FORM 990-T - EXEMPT ORGANIZATION'S BUSINESS INCOME TAX RETURN, FOR ALL OF ITS TAXABLE TRANSACTIONS. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE HALL OF FAME CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ANNUAL CONTRIBUTIONS 50000 0 0 0 0 0 0 50000 0 50000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, ANNUAL CONTRIBUTION 50000 WIRE TRANSFER 0 0 0 1 0 1 0 1 0 PART III ACCOUNTING METHOD: LEGENDS BALL/AUCTION 824640 687670 136970 2367 109910 103648 113972 824640 687670 136970 2367 109910 103648 113972 329897 -192927 X X X X 0 0 0 1 0 1 0 0 0 TODD MARTIN CEO (TO 12/22) 352445 0 0 0 100000 0 14892 0 27514 0 494851 0 0 0 TODD MARTIN CEO (2021 & 2022 BONUS) 0 0 405000 0 0 0 0 0 0 0 405000 0 0 0 WILLIAM MOUNTFORD DIRECTOR OF TENNIS 172275 0 81000 0 0 0 0 0 21959 0 275234 0 0 0 BREWER ROWE SVP, OPERATIONS & TOURNAMENT DIRECTO 135838 0 64000 0 0 0 7522 0 15739 0 223099 0 0 0 JULIANNA BARBIERI PIGGIN SVP, CONTENT AND PARTNERSHIPS 134515 0 61717 0 0 0 7356 0 10473 0 214061 0 0 0 STACEY LOCKER SVP ADVANCEMENT 133429 0 35000 0 0 0 6660 0 24870 0 199959 0 0 0 PART I, LINE 3 THE CEO'S BONUS PAYMENT WAS DECIDED BY THE CHAIRMAN OF THE BOARD ALONG WITH PERSONAL & COMPENSATION COMMITTEE THEN APPROVED BY THE EXECUTIVE BOARD. PART I, LINE 5 YES SOME OF THE STAFF ARE ELIGIBLE FOR BONUS COMPENSATION ANNUALLY BASED ON THE ACHIEVEMENT OF GOALS SENT IN COLLABORATION WITH THE CEO. PART I, LINE 6 YES SOME OF THE STAFF ARE ELIGIBLE FOR BONUS COMPENSATION ANNUALLY BASED ON THE ACHIEVEMENT OF GOALS SENT IN COLLABORATION WITH THE CEO. X 6 130727 STOCK EXCHANGE VALUE X AUCTION & EVENT ITEMS 22 196941 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL EXECUTIVE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, EXECUTIVE BOARD MEMBERS, AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR THEN RETURN IT TO OUR ATTORNEY. IN CASES WHERE A CONFLICT IS POSSIBLE THE EXECUTIVE BOARD EVALUATES TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE EXECUTIVE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 A SEARCH OF COMPARABLE SALARIES IS CONDUCTED BY REVIEWING 990'S OF SIMILAR COMPANIES, USING SALARY.COM AND NATIONAL SURVEYS. THE CEO APPROVES ANY SALARY INCREASES, WITHIN THE TOTAL BUDGET, FOR STAFF MEMBERS. THE PERSONNEL AND COMPENSATION COMMITTEE AND THE CHAIRMAN OF THE BOARD RECOMMEND SALARY ADJUSTMENTS FOR THE CEO & PRESIDENT. THE EXECUTIVE BOARD REVIEWS AND APPROVES THOSE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, PART XI, LINE 9: NET CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -644,793.