irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $1.09MTHE USTA FOUNDATION AWARDS COLLEGE EDUCATIONAL SCHOLARSHIPS ANNUALLY TO HIGH SCHOOL SENIORS WHO HAVE EXCELLED ACADEMICALLY, DEMONSTRATED COMMUNITY SERVICE AND PARTICIPATED IN AN ORGANIZED TENNIS PROGRAM. PREFERENCE IS GIVEN TO NJTL PARTICIPANTS AND AWARDS ARE BETWEEN $2,500 TO $40,000, SPREAD OVER FOUR YEARS. IN 2024, A TOTAL OF $1,090,000 IN SCHOLARSHIPS WERE PROVIDED TO 50 PARTICIPANTS.
named programs · 4 · from sources
What they call their work
College Scholarship Program
Awards college scholarships annually to high school seniors who have excelled academically, demonstrated community service, and participated in organized tennis, with preference given to NJTL participants
Frances Tiafoe Fund
Special fund supporting educational and tennis development opportunities for youth
Jimmy Evert Scholarship Fund
Special fund providing college scholarships to deserving student-athletes
Mackie McDonald College Fund
Special fund dedicated to helping student-athletes pursue higher education
activities · 2 groups
What they do
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Local High School Scholarship Programs 1 activity
- Awarding college scholarships to high school seniorsAnnually awards college educational scholarships to high school seniors, with awards totaling $1,090,000 to 50 students in 2024, $980,000 to 53 students in 2023, $362,500 to 39 students in 2022, $425,950 to 51 students in 2021, and $340,000 to 35 students in 2020.
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Flexible Grants to Grassroots Organizations 1 activity
- Funding community-based youth programsFunds over 270 community-based organizations across the U.S. that serve young people through tennis and education initiatives.
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financials · form 990 · fy2024
revenue
Total revenue$10.56M
Contributions & grants$9.45M89%
Program service revenue$00%
Investment income$1.17M11%
Other revenue$-58K
expenses
Total expenses$13.23M
Program expenses86%
Admin / overhead3%
Fundraising10%
Salaries & benefits$0
Grants paid out$9.09M
Largest expense lineProfessional Fees
balance sheet
Total assets$24.00M
Cash$13.73M
Investments$7.92M
Liabilities$3.70M
Net assets$20.30M
Liquid reserves19.6 mo
5 years on record · 2020–2024 · YoY revenue -18.3%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 4
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| GINNY EHRLICH | EXECUTIVE DIRECTOR | 40 | $382K |
| BRIAN VAHALY | DIRECTOR | 3 | $25K |
| JEFFREY M BAIL | DIRECTOR | 3 | $10K |
| VIOLET CLARK | DIRECTOR | 5 | $10K |
board members · 12
- ARTHUR MARTINEZ — Director (as of 1/24)
- BENJAMIN DOLLER — DIRECTOR/VICE-PRESIDENT
- DAVID SCHARF — DIRECTOR/SECRETARY
- IVAN ZINN — DIRECTOR/TREASURER
- JAMES MAJESKI — DIRECTOR
- KATHLEEN WU — PRESIDENT/DIRECTOR
- MOLLY JOHN — DIRECTOR/VICE-PRESIDENT
- RAJ VASWANI — DIRECTOR
- REBECCA MCCABE — Director (as of 1/24)
- ROBERT OBERRENDER — DIRECTOR/VICE-PRESIDENT
- ROBERTO MARQUES — Director (as of 1/24)
- THOMAS CHEN — DIRECTOR
relationships · 4
Who they work with
- Frances Tiafoe Fund Partner — Supports the Frances Tiafoe Fund to provide opportunities for young people.
- Jimmy Evert Scholarship Fund Partner — Administers and supports the Jimmy Evert Scholarship Fund for youth.
- Mackie McDonald College Fund Partner — Administers the Mackie McDonald College Fund to support college access for youth.
- National Junior Tennis League Partner — Preference given to NJTL participants in scholarship selection process.
strategies · 1
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.