2018-06-06T12:32:54-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-01-01 416038537 INNERCITY TENNIS FOUNDATION INNE 6128246099 4005 NICOLLET AVENUE SOUTH MINNEAPOLIS MN 55409 JOHN WHEATON EXECUTIVE DIRECTOR 6128246099 2018-05-22 1 JOHN TAUER P00294068 6123764500 2017 2022-09-23 18:48:47Z JOHN WHEATON 4005 NICOLLET AVENUE SOUTH MINNEAPOLIS MN 55409 2476035 0 X WWW.INNERCITYTENNIS.ORG X 1952 MN TO ENGAGE A SUPPORTIVE COMMUNITY TO UNLEASH THE FULL POTENTIAL OF YOUTH, ON AND OFF THE TENNIS COURT. 23 20 106 312 0 0 837325 448096 1690118 1935014 0 0 -22135 -5958 2505308 2377152 0 127299 0 0 1276846 1430685 0 0 176403 758181 799365 2035027 2357349 470281 19803 3397136 3495851 344184 355026 3052952 3140825 X INNERCITY TENNIS FOUNDATION (ICT), FOUNDED IN 1952, IS ON A MISSION TO UNLEASH AND DEVELOP THE POTENTIAL OF YOUTH ON AND OFF THE TENNIS COURT BY ENGAGING AND SERVING A SUPPORTIVE COMMUNITY. THE FOUNDATION USES TENNIS AS A VEHICLE TO ENGAGE ADULTS AND PROVIDE COACHING, MENTORING, AND LIFE SKILLS DEVELOPMENT TO YOUTH AT ICT'S TENNIS CENTER AND ALL THROUGHOUT MINNEAPOLIS IN PARKS, SCHOOLS, AND PARTNER LOCATIONS. INNERCITY TENNIS IS A SOCIAL ENTERPRISE THAT DELIVERS FINANCIAL AND SOCIAL RETURNS TO FURTHER ITS MISSION. OUR TENNIS CENTER, ALONG WITH THE CONTRIBUTIONS OF OUR GENEROUS DONORS, PROVIDES THE CRITICAL FINANCIAL SUPPORT NEEDED TO DELIVER ICT'S LIFE-CHANGING PROGRAMS FOR YOUTH. 0 0 1016076 0 1177420 ADULT SERVICES:ICT PROMOTES THE HEALTH, WELLNESS, AND COMMUNITY NEEDS OF ADULTS BY PROVIDING PUBLIC ACCESS AND LOW-COST INDIVIDUAL AND GROUP INSTRUCTION IN THE LIFELONG SPORT OF TENNIS. NO REGISTRATION FEES ARE REQUIRED; THUS, THE FACILITY IS OPEN TO ALL. ICT ALSO ENCOURAGES ITS VERY ACTIVE AND SUPPORTIVE ADULT COMMUNITY TO GIVE, VOLUNTEER, AND SHARE THEIR TIME AND TALENTS WITH KIDS. ICT ENGAGES ADULTS KNOWING THAT INTERGENERATIONAL VOLUNTEER ENGAGEMENT WITH YOUTH HAS FAR-REACHING BENEFITS FOR BOTH GROUPS IN TERMS OF PHYSICAL AND SOCIAL/EMOTIONAL HEALTH AND DEVELOPMENT. 477392 86535 651018 JUNIOR INSTRUCTION PROGRAM: ICT'S CITIES ACADEMY IS OUR FEE-BASED JUNIOR INSTRUCTION PROGRAM DELIVERED AFTER SCHOOL AND ON WEEKENDS, WITH SCHOLARSHIP SUPPORT THROUGH OUR REED SWEATT MEMORIAL SCHOLARSHIP FUND. TOP-LEVEL COACHING SUPPORTS YOUTH IN DEVELOPING THEIR POTENTIAL ON COURT, AS WELL AS ACADEMIC COUNSELING TO EMPHASIZE HIGH SCHOOL SUCCESS AND ENTRY TO COLLEGE. 466900 40764 106576 YOUTH PROGRAMS:ICT'S YOUTH PROGRAMS ARE SPECIFICALLY DESIGNED TO PROMOTE HEALTH, EDUCATION, COMMUNITY, AND CHARACTER. THESE PROGRAMS ARE DELIVERED IN 8 MINNEAPOLIS SCHOOLS AND PARTNER LOCATIONS, 23 MINNEAPOLIS PARKS, AND AT ICT'S 12 COURT INDOOR TENNIS CENTER IN SOUTH MINNEAPOLIS. EACH YEAR, APPROXIMATELY 5,000 MAINLY UNDERSERVED YOUTH ARE TAUGHT AND MENTORED BY ICT VIA:1) FREE-OF-CHARGE PROGRAMS IN SCHOOLS, PARTNER ORGANIZATIONS, AND SUPER SATURDAYS AT ICT'S TENNIS CENTER, AND 2) FEE-BASED, OUT-OF-SCHOOL-TIME SUMMER TENNIS IN THE PARKS AND CITIES ACADEMY PROGRAMS THAT ARE OPEN TO ALL THROUGH NEED-BASED SCHOLARSHIPS. THOSE IN NEED INCLUDE AT-RISK KIDS, CHILDREN OF COLOR, CHILDREN FROM LOW-INCOME FAMILIES, AND CHILDREN DIAGNOSED ON THE AUTISM SPECTRUM. ICT'S FREE-OF-CHARGE PROGRAMS AND SCHOLARSHIPS FOR ITS FEE-BASED PROGRAMS, ENSURE THAT ICT PROGRAMMING IS AVAILABLE TO ALL CHILDREN, REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES. 18531 THE INNERCITY TENNIS FOUNDATION OCCASIONALLY RENTS ITS FACILITY TO GROUPS WANTING TO PLAY TENNIS AND ITS EQUIPMENT STORE SELLS ITEMS THAT ITS CLIENTS REQUIRE. 18531 1960368 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 106 1 0 0 0 0 0 0 0 0 0 0 X 23 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X JOHN WHEATON 6128246099 4005 NICOLLET AVENUE SOUTH MINNEAPOLIS MN 55409 ROBERT OBERRENDER BOARD CHAIR 3.00 X X 0 0 0 WILLIAM C PREST VICE-CHAIR 2.00 X X 0 0 0 TIMOTHY P OLSON TREASURER 1.00 X X 0 0 0 JULIE PETERSON SECRETARY 1.00 X X 0 0 0 NICK BOLLETTIERI DIRECTOR 1.00 X 0 0 0 JACK DICKMANN DIRECTOR 1.00 X 0 0 0 LAURIE ERLANDSON DIRECTOR 1.00 X 0 0 0 RICHARD EVANS DIRECTOR 1.00 X 0 0 0 ROY A GINSBURG DIRECTOR 1.00 X 0 0 0 SIMA GRIFFITH DIRECTOR 1.00 X 0 0 0 BRUCE JACKSON DIRECTOR 1.00 X 0 0 0 ANDRZEJ MALEWICZ DIRECTOR 1.00 X 0 0 0 JOHN NEALON DIRECTOR 1.00 X 0 0 0 TODD H OTIS DIRECTOR 1.00 X 0 0 0 DENIZ PERESE DIRECTOR 1.00 X 0 0 0 DOUG POWER DIRECTOR 1.00 X 0 0 0 HILARY SANTONI DIRECTOR 1.00 X 0 0 0 MYA SMITH-DENNIS DIRECTOR 1.00 X 0 0 0 TONY STINGLEY DIRECTOR 1.00 X 0 0 0 AVERY TICER DIRECTOR 1.00 X 0 0 0 LORI VAN HOLMES DIRECTOR 1.00 X 0 0 0 AMY WARE DIRECTOR 1.00 X 0 0 0 ANDY WEIGMAN DIRECTOR 1.00 X 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 60.00 X 135508 0 22539 135508 0 22539 1 0 1 0 0 258768 189328 448096 ACTIVITY REVENUE 713940 1828438 1828438 SUMMER PARK PROGRAM FE 713940 106576 106576 1935014 1020 0 1020 1020 1020 47942 258768 72431 -24489 -24489 43963 26452 17511 17511 2377152 1953545 0 -24489 127299 127299 158047 118535 23707 15805 1094268 908826 62867 122575 71847 38573 24836 8438 106523 89417 5769 11337 74173 74173 56029 48733 6282 1014 6687 3140 887 2660 324538 301858 11975 10705 49325 46859 1233 1233 4677 4489 139 49 7520 5616 1067 837 55 55 184012 184012 23388 22218 585 585 PROGRAM EXPENSES 45210 45210 MISCELLANEOUS EXPENSES 13774 5920 6689 1165 BAD DEBT 5962 5962 DUES AND SUBSCRIPTIONS 4015 3646 369 2357349 1960368 220578 176403 323928 243460 294219 309717 108825 84867 61779 33389 14216 30364 36676 2940002 934728 2112373 2005274 185982 185880 396984 465054 3397136 3495851 168816 185968 175368 169058 344184 355026 X 2524529 2629771 528423 511054 3052952 3140825 3397136 3495851 X 19803 68070 X 0 1 X 1 0 X 518268 1499168 513912 837325 448096 3816769 107081 1405111 1636110 1768333 1952525 6869160 625349 2904279 2150022 2605658 2400621 10685929 138216 135803 85800 218729 98694 677242 225831 690757 35083 168645 13984 1134300 364047 826560 120883 387374 112678 1811542 8874387 1844 1020 2864 1844 1020 2864 15459 13909 1426 30794 627193 2919738 2163931 2607084 2401641 10719587 0.82790 0.80820 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 15,459. 2015 AMOUNT: $ 13,909. 2016 AMOUNT: $ 1,426. 2017 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1349249 934728 414521 305019 305019 1285734 1285734 2005274 CHARITABLE REMAINDER TRUST 465054 465054 X 2361212 2500 94522 97022 2264190 112962 112962 2377152 2273339 2500 26452 28952 2244387 112962 112962 2357349 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM THE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR UNCERTAIN TAX POSITIONS AND FILES AS A TAX-EXEMPT ORGANIZATION. NO LIABILITY HAS BEEN RECOGNIZED BY THE FOUNDATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 68,070. COST OF GOODS SOLD 26,452. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 112,911. NET MISCELLANEOUS LOSS 51. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 26,452. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 112,911. NET MISCELLANEOUS LOSS 51. KID SPEED 306710 258768 47942 43909 1303 27219 306710 258768 47942 43909 1303 27219 72431 -24489 0 SCHOLARSHIPS 600 112911 0 NA NA X X X 0 0 0 0 0 0 0 0 0 JOHN WHEATON EXECUTIVE DIRECTOR 135508 0 0 0 0 0 4380 0 18159 0 158047 0 0 0 PART I, LINE 3 PERFORMANCE EVALUATIONS ARE CONDUCTED BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE, SALARY INCREASES AND/OR BONUSES AWARDED ARE DETERMINED BASED ON WRITTEN GOALS. ANNUAL MEASURABLE OBJECTIVES ARE IDENTIFIED BY THE EXECUTIVE DIRECTOR AND A SELF REVIEW IS PROVIDED. THE OBJECTIVES ARE REVIEWED WITH THE OFFICERS AND THE BOARD CHAIR. FINAL APPROVAL OF REVIEW AND COMPENSATION IS VOTED ON BY THE BOARD. THE DELIBERATION PROCESS AND DETERMINATION ARE DOCUMENTED IN THE MEETING MINUTES. IN ADDITION TO THAT, OTHER NJTL CHAPTERS ACROSS THE COUNTRY ARE USED IN DETERMINIG COMPARABILITY AND BENCHMARKING OF SALARY. FORM 990, PART VI, SECTION A, LINE 1 THE OFFICERS AND CHAIRS OF THE BOARD'S STANDING COMMITTEES SHALL SERVE ON THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE CORPORATION'S ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD. MAJOR DECISIONS OF THE EXECUTIVE COMMITTEE SHALL BE REVIEWED AND RATIFIED, OR OTHERWISE ACTED UPON, BY THE BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 2 CAROL TRUESDELL AND DAVID ETZWIL - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PRESENTED TO THE FULL BOARD OF DIRECTORS TO REVIEW THE RETURN, ASK QUESTIONS, AND REQUEST CHANGES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND ANY EMPLOYEES WHO MAY INFLUENCE THE ACTIONS OF THE FOUNDATION. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY AT THE DECEMBER BOARD MEETING. A CONFLICT OF INTEREST POLICY AND STATEMENT IS DISTRIBUTED TO THE BOARD IN CONJUNCTION WITH FOURTH QUARTERLY BOARD MEETING. BOARD MEMBERS AND OFFICERS SIGN AND RETURN THE STATEMENT TO THE EXECUTIVE DIRECTOR ON BEHALF OF THE BOARD. THE BOARD, OR A DULY CONSTITUTED COMMITTEE THEREOF, SHALL DETERMINE IF A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE FOUNDATION. INDIVIDUALS WITH A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE DISCUSSION NOR THE APPROVAL OF THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS RECEIVES NO COMPENSATION FROM THE FOUNDATION. THE ONLY OFFICER WHO RECEIVES A SALARY IS THE EXECUTIVE DIRECTOR. PERFORMANCE EVALUATIONS ARE CONDUCTED BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE, SALARY INCREASES AND/OR BONUSES AWARDED ARE DETERMINED BASED ON WRITTEN GOALS. ANNUAL MEASURABLE OBJECTIVES ARE IDENTIFIED BY THE EXECUTIVE DIRECTOR AND A SELF REVIEW IS PROVIDED. THE OBJECTIVES ARE REVIEWED WITH THE OFFICERS AND THE BOARD CHAIR. FINAL APPROVAL OF REVIEW AND COMPENSATION IS VOTED ON BY THE BOARD. THE DELIBERATION PROCESS AND DETERMINATION ARE DOCUMENTED IN THE MEETING MINUTES. IN ADDITION TO THAT, OTHER NJTL CHAPTERS ACROSS THE COUNTRY ARE USED IN DETERMINIG COMPARABILITY AND BENCHMARKING OF SALARY. THE REVIEW TAKES PLACE ANNUALLY IN JULY AND WAS LAST CONDUCTED IN 2017 FOR THE EXECUTIVE DIRECTOR, JOHN WHEATON. THE EXECUTIVE DIRECTOR MANAGES STAFF COMPENSATION, PRESENTING OVERALL STAFF COMPENSATION TO THE FINANCE AND EXECUTIVE COMMITTEES OF THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 68,070.