Nonprofit · EIN 22-6104478
PRINCETON TENNIS PROGRAM
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $1,582,165 | $1,503,079 | $79,086 | $2,817,759 | $564,181 | $2,253,578 |
| March 31, 2024 | 990 | $1,669,813 | $1,716,951 | -$47,138 | $2,763,120 | $588,628 | $2,174,492 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $15,053
- of which government grants
- $10,000
- Program service revenue
- $1,538,453
- Investment income
- $28,248
- Net income from sales of inventory
- $411
- Other revenue
- $411
Expenses
- Grants and similar amounts paid
- $1,500
- Compensation of officers, directors and key employees
- $109,226
- Other salaries and wages
- $627,332
- Salaries, compensation and benefits (total)
- $880,231
- Professional fundraising fees
- $0
- Legal fees
- $3,250
- Accounting fees
- $78,660
- Depreciation
- $101,470
- Program services (functional)
- $1,309,748
- Management and general (functional)
- $179,939
- Fundraising (functional)
- $13,392
Balance sheet and other
- Total assets, start of year
- $2,763,120
- Total assets, end of year
- $2,817,759
- Total liabilities, end of year
- $564,181
- Net assets, end of year
- $2,253,578
- Land, buildings and equipment
- $1,925,890
- Net assets without donor restrictions
- $2,253,578
- Gross receipts
- $1,593,201
- Employees
- 46
- Volunteers
- 20
- Year formed
- 1954
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gwen Guidice | Executive Dir. Officer | 40 | $47,520 |
| Pamela Hughes | Trustee Trustee or director | 5 | $0 |
| Barry Szaferman | Vice Chair Trustee or director, Officer | 5 | $0 |
| Jack Roberts | Trustee Trustee or director | 5 | $0 |
| Ernie Cerino | Secretary Trustee or director, Officer | 5 | $0 |
| Marie Carusone | Trustee Trustee or director | 5 | $0 |
| Maria Mastroianni | Trustee Trustee or director | 5 | $0 |
| Dan McGrath | Treasurer Trustee or director, Officer | 5 | $0 |
| Ted Golfinopoulos | Chairman Trustee or director, Officer | 5 | $0 |
| Satyajeet Shahade | Trustee Trustee or director | 5 | $0 |
| Anthony Weigand | Trustee Trustee or director | 5 | $0 |
990 for the year ended March 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gina Pileggi | Executive Dir. Officer | 40 | $128,933 |
| Pamela Hughes | Trustee Trustee or director | 5 | $0 |
| Barry Szaferman | Vice Chair Trustee or director, Officer | 5 | $0 |
| Jack Roberts | Trustee Trustee or director | 5 | $0 |
| Ernie Cerino | Secretary Trustee or director, Officer | 5 | $0 |
| Marie Carusone | Trustee Trustee or director | 5 | $0 |
| Dan McGrath | Treasurer Trustee or director, Officer | 5 | $0 |
| Ted Golfinopoulos | Chairman Trustee or director, Officer | 5 | $0 |
| Dan Saragnese | Treasurer Trustee or director, Officer | 5 | $0 |
| Anthony Weigand | Trustee Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 92 WASHINGTON RD, PRINCETON, NJ 08540-6421
- Principal officer (990 for 2024)
- Ted Golfinopoulos, 92 Washington Road, Princeton, NJ 08540
- Signed the 990
- Dan McGrath, Treasurer
- Phone
- (609) 520-0015
- Website
- www.ptp.org
- Return prepared by
- Lear & Pannepacker LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,309,748 · revenue $1,538,453
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 22-6104478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N66Z)
- Assets (IRS master file)
- $2,817,759
- Income (IRS master file)
- $1,593,201
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $1,582,165 | $1,503,079 | $2,817,759 | XML |
| 990 | March 2024 | $1,669,813 | $1,716,951 | $2,763,120 | XML |
| 990 | March 2023 | $1,681,654 | $1,573,576 | $2,927,792 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-6104478).
Questions about PRINCETON TENNIS PROGRAM
- What is the EIN of PRINCETON TENNIS PROGRAM?
- The employer identification number (EIN) of PRINCETON TENNIS PROGRAM is 22-6104478.
- Is PRINCETON TENNIS PROGRAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to PRINCETON TENNIS PROGRAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCETON TENNIS PROGRAM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRINCETON TENNIS PROGRAM due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCETON TENNIS PROGRAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PRINCETON TENNIS PROGRAM?
- The 990 for the year ended March 31, 2025 names Ted Golfinopoulos.
- Who are the officers and directors of PRINCETON TENNIS PROGRAM?
- The 990 for the year ended March 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $47,520 (Gwen Guidice, Executive Dir.).
- How much revenue does PRINCETON TENNIS PROGRAM have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $1,582,165, expenses of $1,503,079 and total assets of $2,817,759 at year end.
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