2024-08-26T14:08:58-07:00 2024-03-31 222947255 Lear & Pannepacker LLP 791 Alexander Road Princeton NJ 08540 990 2023-04-01 226104478 Princeton Tennis Program PRIN 6095200015 92 Washington Road Princeton NJ 08540 Dan McGrath Treasurer 2024-08-26 true true Kenneth L Siegel CPA P00181363 6094522200 2023 2024-08-08 14:25:15Z Ted Golfinopoulos 92 Washington Road Princeton NJ 08540 1693799 false X www.ptp.org X 1954 NJ To provide top quality and affordable tennis for all ages and levels by bringing the great game of tennis to all while pursuing a standard of excellence in teaching that encourages the development of health, character, good sportsmanship and responsible citizenship. 9 9 40 20 0 24253 14895 1648743 1635361 7365 19253 1293 304 1681654 1669813 3000 1500 0 1048060 1090025 0 18216 522516 625426 1573576 1716951 108078 -47138 2927792 2763120 714841 588628 2212951 2174492 The Princeton Tennis Program (PTP) is a nonprofit, year-round community tennis association serving youth and adults of the greater central New Jersey region. PTPs mission is growing the game of tennis by offering high quality group instruction and programs without regard to age, abilities, skill level or financial means. PTP is dedicated to serving players who might not otherwise participate in tennis, and to pursuing a standard of excellence in teaching and education that encourages the development of health, character, good sportsmanship and responsible citizenship. false false 1518585 1635361 PTP provides top quality and affordable tennis for all ages and levels. PTPs mission is to bring the great game of tennis to all while pursuing a standard of excellence in teaching that encourages the development of health, character, good sportsmanship and responsible citizenship. This is done in many ways, including but not limited to scholarships and financial aid awarded to children that could otherwise not afford to play tennis, and we strive to expand these offerings. In addition to the youth offerings, PTP Discount Senior Programs have subsidized lessons and programs for area seniors. These specialized programs are designed to promote health, fun, meeting new people and well-being. PTP strives to bring tennis to all. 1518585 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 false 40 true false false false false false false false 0 false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false NJ X Management 6095200015 92 Washington Road Princeton NJ 08540 Gina Pileggi Executive Dir. 40.00 0.00 X 128933 0 0 Pamela Hughes Trustee 5.00 0.00 X 0 0 0 Barry Szaferman Vice Chair 5.00 0.00 X X 0 0 0 Jack Roberts Trustee 5.00 0.00 X 0 0 0 Ernie Cerino Secretary 5.00 0.00 X X 0 0 0 Marie Carusone Trustee 5.00 0.00 X 0 0 0 Dan McGrath Treasurer 5.00 0.00 X X 0 0 0 Ted Golfinopoulos Chairman 5.00 0.00 X X 0 0 0 Dan Saragnese Treasurer 5.00 0.00 X X 0 0 0 Anthony Weigand Trustee 5.00 0.00 X 0 0 0 128933 1 false false false 0 5600 9295 14895 Court rentals 713940 175321 175321 Lesson Fees 713940 1439025 1439025 Tournament Fees 713940 21015 21015 1635361 19253 19253 0 0 0 0 0 0 24290 23986 304 304 0 1669813 1635665 19253 0 1500 1500 0 0 127525 63763 51010 12752 0 774807 757153 15736 1918 0 106476 96869 7876 1731 81217 73889 6008 1320 0 26561 26561 45390 45390 0 0 250 250 0 0 0 0 0 0 0 0 0 21775 20686 1089 0 96105 91300 4805 78240 74328 3912 Bank & Credit Card Charges 69153 68903 250 Repairs & maintenance 59190 56230 2960 Utilities 49740 47253 2487 Real Estate Taxes 48706 46271 2435 130316 120440 9381 495 1716951 1518585 180150 18216 235308 106596 90099 103892 0 11262 0 0 0 15000 11981 16561 15050 3327974 1364234 2059845 1963740 484074 547067 0 0 0 26905 3532 2927792 2763120 20456 30028 83438 78481 584042 476587 26905 3532 714841 588628 X 2212951 2174492 2212951 2174492 2927792 2763120 -47138 8679 X false true X true false X 36435 23059 20513 24253 14895 119155 1281534 580943 1420242 1648743 1635361 6566823 0 0 0 1317969 604002 1440755 1672996 1650256 6685978 0 0 6685978 35139 7298 700 7365 19253 69755 0 35139 7298 700 7365 19253 69755 0 3171 941 2413 1293 304 8122 1356279 612241 1443868 1681654 1669813 6763855 0.98850 0.98960 0.01030 0.00900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 654000 654000 1967701 1075934 891767 675377 257404 417973 21896 21896 9000 9000 1963740 Operating Lease Liability 3532 3532 X 1678242 8679 8679 1669563 250 250 1669813 1716701 1716701 250 250 1716951 Part X : FIN48 Footnote ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, and disclosure.The Organization's policy is to account for interest and penalties related to unrecognized tax benefits as a component of income tax expense. Form 990, Part VI, Section B, Line 11b The entire board is given the opportunity to review and comment on the final draft of the Form 990 prior to its filing Form 990, Part VI, Section B, Line 12c Board members are asked to disclose any potential conflicts of interest at a board meeting on an annual basis. Any potential conflicts are discussed and resolved by the board. Form 990, Part VI, Section B, Line 15a The Executive Director salary is reviewed and determined by the Personnel Committee (which are all independent board members) and other board members annually, using comparable positions to the ED position from other entities 990 forms where available, COLA data, and evaluating the EDs success in furthering the mission of PTP. Form 990, Part VI, Section B, Line 15b The board approves the annual budget which includes key employee salaries, as determined by the executive director. Form 990, Part VI, Section C, Line 19 Available upon request