2017-11-03T13:59:51-05:00 2016-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2016-01-01 136144356 INTERNATIONAL TENNIS HALL OF FAME INCORPORATED INTE 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 TODD MARTIN CEO 4018493990 2017-11-02 1 DEBORAH A HOPKINS P00167843 4012742001 71.117.160.66 2017-11-02 12:26:17 ED P 14C29081F653C1B977AE19C957CD52FC25F72B60 315F0F36F0D970DAC5E19FF9CD530B0575E6AA74 2016 2021-01-29 14:40:06Z TODD MARTIN 194 BELLEVUE AVENUE NEWPORT RI 02840 12002911 0 X WWW.TENNISFAME.COM X 1951 RI PRESERVE. CELEBRATE. INSPIRE. 22 22 173 104 6146 0 4967480 2795646 3380215 4201746 1703565 2013516 -26597 184626 10024663 9195534 0 215000 0 0 3657741 4042580 0 0 961896 5052883 6844898 8710624 11102478 1314039 -1906944 67174933 66497244 5225632 6204627 61949301 60292617 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 1842014 215000 2172655 TENNIS TOURNAMENT - THE HALL OF FAME TENNIS CHAMPIONSHIPS IS AN ATP WORLD TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS OF THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS 32 OF THE TOP MALE PLAYERS IN THE WORLD COMPETING FOR THE VAN ALEN CUP. THE TOURNAMENT IS THE ONLY ATP WORLD TOUR STOP IN THE NORTHEAST AND THE ONLY EVENT TO BE PLAYED ON GRASS COURTS IN NORTH AMERICA. 2125978 1372874 TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALL OF FAME SPORTING VENUES WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS. PLAYERS OF EVERY AGE AND ANY ABILITY LEVEL HAVE THE OPPORTUNITY TO 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, BILL TILDEN, MARTINA NAVRATILOVA, JOHN MCENROE, BJORN BORG, TONY TRABERT, VIRGINIA WADE, TRACY AUSTIN, CHRIS EVERT, JOHN NEWCOMBE, STAN SMITH, ANDRE AGASSI, AND PETE SAMPRAS - JUST TO NAME A FEW. 1527006 621411 ENSHRINEMENT - THE INTERNATIONAL TENNIS HALL OF FAME & MUSEUM (ITHF&M) 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: RECENT PLAYER, MASTER PLAYER, AND CONTRIBUTOR. A SERIES OF VOTING PANELS REPRESENTING THE INTERNATIONAL TENNIS COMMUNITY VOTE TO ELECT THESE INDIVIDUALS FOR ENSHRINEMENT. THE ENSHRINEMENT CEREMONY OCCURS ON BILL TALBERT CENTER COURT DURING THE HALL OF FAME TENNIS CHAMPIONSHIPS. 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. 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. 2165679 34806 OTHER PROGRAM SERVICES EXPENSES ARE BUILDING EXPENSES AND DEPRECIATION FOR THE NEWPORT CASINO, HOME OF THE ITHF, DESIGNATED A NATIONAL HISTORIC LANDMARK ON FEBRUARY 27, 1987.NATIONAL HISTORIC LANDMARKS ARE NATIONALLY SIGNIFICANT HISTORIC PLACES DESIGNATED BY THE SECRETARY OF THE INTERIOR BECAUSE THEY POSSESS EXCEPTIONAL VALUE OR QUALITY IN ILLUSTRATING OR INTERPRETING THE HERITAGE OF THE UNITED STATES. 2165679 34806 7660677 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 117 0 173 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI NY CA FL MD MA NJ CT OR PA TN VA AR ME MS NC OH SC UT X PATRICK DRUKEN 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 JOHN P ARNHOLD CHAIRMAN 30.00 X X 0 0 0 MICHAEL GOSS VICE CHAIRMAN 0.50 X X 0 0 0 STANLEY SMITH PRESIDENT 12.50 X X 71000 0 2840 E RAMONE SEGREE CFRE SECRETARY 0.50 X X 0 0 0 LAURIE ERLANDSON TREASURER 0.50 X X 0 0 0 KATRINA M ADAMS EXECUTIVE COMMITTEE 0.50 X 0 0 0 KATHERINE BURTON JONES EXECUTIVE COMMITTEE 0.50 X 0 0 0 JAMES M CITRIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 PHILIP DE PICCIOTTO EXECUTIVE COMMITTEE 0.50 X 0 0 0 JAMES FARLEY EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID GOULDEN EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID A HAGGERTY EXECUTIVE COMMITTEE 0.50 X 0 0 0 ANNE F HAMILTON EXECUTIVE COMMITTEE 0.50 X 0 0 0 ALAN HASSENFELD EXECUTIVE COMMITTEE 0.50 X 0 0 0 THOMAS A JAMES EXECUTIVE COMMITTEE 0.50 X 0 0 0 KEVIN KANE EXECUTIVE COMMITTEE 0.50 X 0 0 0 KAY KOPLOVITZ EXECUTIVE COMMITTEE 0.50 X 0 0 0 STEPHEN LEWINSTEIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 CHARLIE PASARELL EXECUTIVE COMMITTEE 0.50 X 0 0 0 VINAYAK SINGH EXECUTIVE COMMITTEE 0.50 X 0 0 0 KEN SOLOMON EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID WESTIN EXECUTIVE COMMITTEE 0.50 X 0 0 0 TODD MARTIN CEO 60.00 X 475574 0 29007 PATRICK DRUKEN CONTROLLER 45.00 X 97641 0 4552 STUART UPSON COO 45.00 X 210924 0 29586 MARY HEATH CHIEF MARKETING OFFICER 45.00 X 160040 0 28822 DOUGLAS STARK MUSEUM DIRECTOR 45.00 X 135586 0 8638 KAREN O'SULLIVAN VP, PHILANTHROPY 45.00 X 133444 0 4343 JOHN AUSTIN DIRECTOR OF TENNIS 45.00 X 127126 0 12097 1411335 0 119885 7 0 1 0 GO GRAPHICS 40 DEPEW STREET PROVIDENCE RI 02907 GRAPHIC DESIGN 111984 1 1180731 9760 1605155 828094 2795646 TENNIS TOURNAMENTS 900099 2172655 2172655 TENNIS COURT REVENUES 900099 1372874 1372874 HALL OF FAME ADMISSIONS 900099 621411 621411 OTHER EVENTS 900099 34806 34806 4201746 584219 16026 568193 664721 310130 354591 354591 354591 2589816 196517 1122623 234413 1467193 -37896 1429297 1429297 390039 1180731 514481 -124442 -124442 580207 625730 -45523 -9880 -35643 9195534 4201746 6146 2191996 215000 215000 680614 213842 466772 2824901 1521441 721799 581661 62725 31840 19977 10908 244292 100488 98709 45095 230048 123805 70537 35706 92531 9560 79079 3892 57920 57920 185441 185441 211535 81363 111171 19001 101000 25474 73109 2417 582385 364357 131272 86756 63850 9187 54663 526475 517327 3548 5600 356596 259555 66295 30746 3629 800 2829 85244 85244 1569001 1547386 21615 118062 53849 64113 100 TENNIS PRIZE MONEY AND 862427 862427 BAD DEBT EXPENSE 851306 851306 MISCELLANEOUS EXPENSES 411085 204514 98228 108343 REPAIRS AND MAINTENANCE 400687 361306 20941 18440 365724 305850 46643 13231 11102478 7660677 2479905 961896 3004 2900 1805405 1321981 2089619 953124 233199 323193 204409 200031 72533 89890 36639480 11516719 25418284 25122761 28117616 27696783 9230864 10160042 0 0 626539 67174933 66497244 570346 793538 164694 376756 4250000 4764720 240592 269613 5225632 6204627 X 31989783 29955979 14895429 15272549 15064089 15064089 61949301 60292617 67174933 66497244 X -1906944 601090 -350830 X 0 1 X 1 0 X 2993523 8181151 5869255 4967480 2795646 24807055 4788266 4866611 4484356 4526533 5171992 23837758 7781789 13047762 10353611 9494013 7967638 48644813 1727569 2397277 2642828 2604017 1775426 11147117 0 1727569 2397277 2642828 2604017 1775426 11147117 37497696 1388976 1786771 1255622 1150888 1248940 6831197 1388976 1786771 1255622 1150888 1248940 6831197 -4132 1397 -23575 -7840 6146 -28004 -1433378 -1433378 9166633 14835930 10152280 10637061 9222724 54014628 0.69420 0.71260 0.12650 0.12570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 26627277 2217339 1500000 27344616 27898322 1000 -79644 1192401 26627277 27783942 1218681 1104301 27898322 23811106 1125 4669119 697408 27783942 22025020 125 2612711 826750 23811106 0.55100 0.44900 0 0 3475368 3475368 28453968 9242198 19211770 2612753 1599208 1013545 2097391 675313 1422078 25122761 VCFA PRIVATE EQUITY PARTNERS 272741 C RCP ADVISORS 110511 C ADAMS STREET 941005 C AEW 1254912 C ABS OFFSHORE 1375000 C CROSS SHORE 1575000 C CHARITABLE REMAINDER TRUSTS 2542738 C DEFERRED COMPENSATION INVESTMENTS 269613 C COURTLAND PARTNERS 347932 C PRINCIPAL REAL ESTATE FUND 1470590 C 10160042 DEFERRED COMPENSATION PAYABLE 269613 269613 X PART III, LINE 1A: THE HALL OF FAME'S COLLECTIONS CONSIST OF OVER 20,000 OBJECTS RANGING FROM FINE ART, TROPHIES, PLAYER MEMORABILIA, TENNIS RACQUETS, EQUIPMENT AND OTHER EPHEMERA RELATED TO THE HISTORY OF THE SPORT, ITS CHAMPIONS, ENSHRINEES AND THE CULTURAL HISTORY OF THE CASINO. THE LIBRARY AND ARCHIVES COLLECTION CONSISTS OF 5,000 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 HALL OF FAME MAINTAINS A MUSEUM COLLECTIONS POLICY THAT ADDRESSES COLLECTIONS CONSERVATION, ACCESSION AND DEACCESSION POLICIES AND OTHER ASPECTS OF COLLECTIONS MANAGEMENT. 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) 0 0 CONTRIBUTION MADE TO CHARITABLE ORGANIZATION 215000 0 0 0 0 0 0 215000 0 215000 SWITZERLAND GENERAL SUPPORT 215000 WIRE TRANSFER 1 0 0 0 0 0 0 LEGENDS BALL/AUCTION 1218150 977750 240400 108891 75830 164326 US OPEN TICKET SALES 335177 200197 134980 147118 2282 1 17443 2784 14659 2600 50 13384 1570770 1180731 390039 147118 113773 75880 177710 514481 -124442 X X X X X 0 0 0 0 0 0 0 0 0 TODD MARTIN CEO 475574 0 0 0 0 0 9015 0 19992 0 504581 0 0 0 STUART UPSON COO 210924 0 0 0 0 0 0 0 29586 0 240510 0 0 0 MARY HEATH CHIEF MARKETING OFFICER 160040 0 0 0 0 0 6600 0 22222 0 188862 0 0 0 DONALD L DELL FORMER VICE CHAIRMAN DONALD L. DELL IS AN OFFICER OF LAGARDERE UNLIMITED, WHICH SYNDICATED TV COVERAGE OF THE HALL OF FAME TENNIS CHAMPIONSHIPS QUARTER-FINALS, SEMI-FINALS, FINALS AND THE HALL OF FAME ENSHRINEMENT CEREMONY. THE AGREEMENT WAS NEGOTIATED BY AN INDEPENDENT EMPLOYEE AT MARKET VALUE, RESULTING IN REVENUE OF $70,000 FROM IEC IN SPORTS WHICH IS A DIVISION OF LAGARDERE UNLIMITED FOR 2016. 0 MALCOLM FARMER III FORMER EXECUTIVE BOARD MEMBER 92362 MALCOLM FARMER III IS A PARTNER AT HINCKLEY, ALLEN & SNYDER, WHICH SERVES AS GENERAL COUNSEL FOR THE ORGANIZATION. 0 KEN SOLOMON EXECUTIVE BOARD MEMBER 25000 KEN SOLOMON IS THE PRESIDENT OF THE TENNIS CHANNEL, WHICH THE ORGANIZATION PAID FOR ADVERTISING AND TRIBUTE VIDEOS FOR THE INDUCTION CEREMONY. 0 X 12 627174 STOCK EXCHANGE VALUE X 1 10914 APPRAISAL VALUE X AUCTION & EVENT ITEMS 58 190006 FMV 1 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES BIDDINGFORGOOD.COM TO SELL ANY LEFTOVER AUCTION ITEMS THAT DO NOT GET SOLD AT THE LEGENDS BALL. FORM 990, PART VI, SECTION A, LINE 4 DURING 2016, THE ORGANIZATION AMENDED ITS BY-LAWS, PRIMARILY REGARDING GOVERNANCE AND FIDUCIARY RESPONSIBILITIES. THE GREATEST CHANGE WAS THAT THE ORGANIZATION'S LARGE BODY OF VOLUNTEERS (FORMERLY THE BOARD OF DIRECTORS AND NOW THE BOARD OF GOVERNORS) USED TO HAVE FIDUCIARY RESPONSIBILITIES. NOW, THE EXECUTIVE BOARD IS THE SOLE FIDUCIARY BODY OF THE ORGANIZATION. 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 BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED 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 AND THE CHAIRMAN OF THE BOARD RECOMMENDS SALARY ADJUSTMENTS FOR THE CEO & PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CHAIRMAN'S 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 BENEFICIAL INTEREST -350,830. HALL OF FAME PROPERTIES LLC 194 BELLEVUE AVENUE NEWPORT RI 02840 475256899 EVENT PLANNING RI C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0