2025-11-20T13:13:31-06:00 2023-12-31 561719839 EARNEY Accountants & Advisors PLLC 700 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2023-01-01 461952014 Lenny Simpson Tennis and Education Fund LENN 9105209264 1406 Orange Street Wilmington NC 28401 JoAnn Simpson Executive Director 9105209264 2025-11-17 1 1 Joel French CPA P01445154 9102569995 2025-11-17 2023 2025-03-06 01:10:19Z JoAnn Simpson 1406 Orange Street Wilmington NC 28401 163131 0 X www.one-love-tennis.org X 2013 TN Empowering underserved youth through year-round tennis, education, and character development. 4 4 1 8 0 0 144151 163131 0 0 0 0 0 0 144151 163131 0 0 0 0 64590 96885 0 0 9000 53579 81918 118169 178803 25982 -15672 794681 743955 35054 0 759627 743955 To provide a year-round program to underserved youth of tennis instruction and academic support that builds self-esteem, character, and life skills, while promoting positive recreation and values like respect, honesty, discipline, and education. 0 0 144192 Provided a year-round program for underserved youth in the Greater Wilmington, NC area, offering tennis instruction and academic support in a structured environment that promotes self-esteem, character development, and life skills. The program emphasized tennis as a positive alternative to negative recreation and fostered values such as respect, honesty, sportsmanship, discipline, and educational achievement. 144192 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X JoAnn Simpson 9105209264 1406 Orange Street Wilmington NC 28401 Lendward Simpson Former Executive Director 40.00 X X 90000 0 20028 Janet Gaino Treasurer 0.00 X X 0 0 0 Johnnie Ashe Executive Consultant 0.00 X 0 0 0 April Doetsch Secretary 4.00 X X 0 0 0 90000 0 20028 0 0 0 0 0 12188 150943 163131 163131 0 0 0 90000 63000 18000 9000 6885 5370 1515 4256 4256 3012 2349 663 835 835 3086 2407 679 16160 16160 20463 20463 9639 9141 498 Program Supplies 21681 21681 Communication Expenses 1664 1664 Auto Expenses 1122 1122 178803 144192 25611 9000 66873 68137 1000 742632 66814 249678 675818 477130 0 794681 743955 68 34986 35054 0 X 0 0 0 0 759627 743955 759627 743955 794681 743955 -15672 0 X 0 0 0 X 434644 216568 191488 144600 163130 1150430 434644 216568 191488 144600 163130 1150430 33948 1116482 1150430 0.97050 0.80000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80500 80500 569200 36536 532664 30932 27178 3754 62000 3100 58900 675818 X 0 0 0 0 0 0 0 0 0 0 0 Part I, Line 1a The organization owns a residential property that includes a tennis court used to deliver year-round tennis instruction and mentoring programs to underserved youth, consistent with its exempt purpose. The Executive Director resides at the property and oversees daily operations, program delivery, and facility maintenance. The tennis court is a core component of the program and is regularly used by youth participants. The housing arrangement enables the Executive Director to be on-site to support program activities, ensure safety, and maintain the facility, which is integral to the organization's charitable operations. Lenward Simpson Executive Director Erroneous Title Transfer 1 Schedule L, Part I In 2018, the organization purchased a residential property intended for use in furtherance of its exempt purposes. In 2023, due to an error by legal counsel, the property was titled in the name of the then-Executive Director, Lenny Simpson. Following Mr. Simpson's passing, the property was transferred to his wife, JoAnn Simpson, who is now serving as Executive Director.While titled in the name of Lenny and/or JoAnn Simpson, they lived on-site and managed operations, programs, and facility upkeep. The tennis court, central to youth programming, was actively used. Fair market rent was reported as other compensation to Mr. Simpson.Upon discovery of the error, JoAnn Simpson initiated corrective action, including working with legal counsel to transfer the deed back to the organization. The Board of Directors was informed and is overseeing the remediation process. The organization did not intend to confer a private benefit, and the individuals involved were unaware of the titling error at the time it occurred. The organization is committed to full compliance and transparency and is taking all necessary steps to correct the transaction and prevent recurrence. Form 990, Part VI, Section B, line 11b A draft of the Form 990 is provided to select members of the Board of Directors for their review prior to filing. Form 990, Part VI, Section B, line 12c Board Members are required to disclose interests that could give rise to conflicts. In the event a conflict arises during the year, the Organization's conflict of interest policy requires that the individual not participate in deliberations and decisions regarding the transaction and abstain from voting. In some circumstances, the individual may be asked to leave the room when the matter is being discussed. Form 990, Part VI, Section C, line 19 Documents required to be open for public inspection are available to the public upon request.