2026-03-10T10:03:56-05:00 2024-12-31 561719839 EARNEY Accountants & Advisors PLLC 700 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2024-01-01 461952014 Lenny Simpson Tennis and Education Fund LENN 9105209264 1406 Orange Street Wilmington NC 28401 JoAnn Simpson Executive Director 9105209264 2026-03-10 1 1 Ryan Skuce CPA P00742864 9102569995 2026-03-09 2024 2025-03-06 01:10:19Z JoAnn Simpson 1406 Orange Street Wilmington NC 28401 49758 0 X www.one-love-tennis.org X 2013 TN Empowering underserved youth through year-round tennis, education, and character development. 4 4 1 4 0 0 163131 49758 0 0 0 0 0 0 163131 49758 0 0 0 0 96885 40369 0 0 3792 81918 40089 178803 80458 -15672 -30700 743955 713255 0 0 743955 713255 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 61159 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. 61159 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 1 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 1.00 X X 37500 0 4004 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 JoAnn Simpson Executive Director 1.00 X X 0 0 20020 37500 0 24024 0 0 0 0 0 49758 49758 49758 0 0 0 37500 26250 7500 3750 2869 2238 631 717 559 158 456 456 1282 1000 282 2020 2020 20048 20048 10161 8236 1925 Loss Due to Fraud 5011 5011 Merchant Fees 279 279 Program Supplies 115 73 42 80458 61159 15507 3792 68137 57484 742632 86861 675818 655771 743955 713255 0 0 X 0 0 0 0 743955 713255 743955 713255 743955 713255 -30700 0 X 0 0 0 X 216568 191488 144600 163130 49758 765544 216568 191488 144600 163130 49758 765544 89098 676446 765544 0.88360 0.97050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80500 80500 569200 50766 518434 30932 29895 1037 62000 6200 55800 655771 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 to support and further its exempt purposes. In 2023, due to an error by outside legal counsel, the property was incorrectly titled in the name of the then Executive Director, Lenny Simpson. Following Mr. Simpson's passing, title transferred to his wife, JoAnn Simpson, who subsequently assumed the role of Executive Director.While the property was titled in the names of Lenny and/or JoAnn Simpson, they resided on-site and were responsible for managing daily operations, youth programs, and facility maintenance. The tennis court located on the property, integral to the organization's youth programming, remained in continuous use. The value of fair market rent for their onsite lodging was reported as other compensation to Lenny and/or JoAnn Simpson. Once the titling error was identified, JoAnn Simpson promptly initiated corrective action and engaged legal counsel to remedy the issue. The deed was formally transferred back to the organization on February 4, 2025. The Board of Directors was notified and has actively overseen the remediation process.The organization did not intend to confer an improper private benefit, and the individuals involved were unaware of the titling error when it occurred. The organization remains committed to full compliance and transparency and has taken all necessary steps to correct the matter and implement procedures to prevent a recurrence. Form 990, Part VI, Section A, line 5 During the year, the organization became aware of unauthorized access to its PayPal account that resulted in the misappropriation of approximately $5,011 in donations. The individual(s) responsible changed the account credentials and transferred funds out of the account without authorization. The organization is working with PayPal regarding the recovery of the stolen funds. 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.