Wta Tour Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133792400 ✦ St petersburg, FL ✦ Designated as a 501(c)(6)

Overview

What is Wta Tour Inc?

Wta Tour Inc is a nonprofit organization based in St. Petersburg, Florida, with a workforce of 96 employees. Their primary mission is to promote the growth and recognition of women's tennis worldwide. They achieve this by organizing, sanctioning, administering, governing, and promoting a series of women's professional tennis tournaments globally. These tournaments, which have received sanction, benefit current professional women tennis players and participating tournaments. Wta Tour Inc's activities involve various sponsorship agreements that incur annual fees, granting certain obligations and rights to the organization under these agreements.


Official website here: www.wtatennis.com

Is Wta Tour Inc legitimate?

Wta Tour Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wta Tour Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $5,209,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,324,323

For more financial information, click here


Official website here: www.wtatennis.com

What is the mission statement of Wta Tour Inc?

WTA Tour Inc is dedicated to fostering the expansion and esteem of women's tennis on a global scale. The organization plays a pivotal role in the administration and governance of various women's professional tennis tournaments around the world. By coordinating these events, WTA Tour Inc benefits its members, which include current women tennis players, participating tournaments, and the International Tennis Federation representing its member national tennis associations. The ultimate goal is to promote women's tennis growth and recognition for the collective advantage of its members and the sport.


Official website here: www.wtatennis.com

Who is the CEO of Wta Tour Inc?

Steve Simon is the Chairman And Ceo of Wta Tour Inc. The CEO's salary of Wta Tour Inc is $1,357,973 and their total compensation is $1,374,656.


Official website here: www.wtatennis.com

What is the revenue of Wta Tour Inc?

Wta Tour Inc's revenue in 2022 was $114,033,569.


Official website here: www.wtatennis.com

Who are the executives of Wta Tour Inc and what are their salaries?

The average compensation at Wta Tour Inc during 2022 was $151,390. There are 96 employees and 4 volunteers at Wta Tour Inc.

Here are 20 key members and their salaries (Wta Tour Inc's CEO's salary is $1,357,973 and their total compensation is $1,374,656):

    Steve Simon (Chairman And Ceo) [Trustee/Director]
  • Compensation: $1,357,973
  • Related: $0
  • Other: $16,683

    • Johanna Lawler (President)
  • Compensation: $1,204,718
  • Related: $0
  • Other: $50,735

    • Matthew Cenedella (Coo And Treasurer)
  • Compensation: $633,702
  • Related: $0
  • Other: $12,591

    • Fabrice Chouquet (Managing Director - Asia P)
  • Compensation: $323,007
  • Related: $278,965
  • Other: $25,395

    • Melissa Pine (Vice President)
  • Compensation: $302,590
  • Related: $0
  • Other: $7,271

    • Kathleen Stroia (Sr Vice President)
  • Compensation: $267,255
  • Related: $0
  • Other: $7,469

    • Courtney Mcbride (Corporate Secretary)
  • Compensation: $224,842
  • Related: $0
  • Other: $22,691

    • David Palanzo (Sr Vice President)
  • Compensation: $224,842
  • Related: $0
  • Other: $22,691

    • Joan Pennello (Sr Vice President)
  • Compensation: $230,824
  • Related: $0
  • Other: $13,844

    • Adam Barrett (Tournament Class Director)
  • Compensation: $110,000
  • Related: $0
  • Other: $0

    • Vanessa Webb (Player Class Director)
  • Compensation: $0
  • Related: $104,167
  • Other: $0

    • Kristie Ahn (Player Class Director)
  • Compensation: $0
  • Related: $79,167
  • Other: $0

    • Brandon Burke (Player Class Director (Alt)
  • Compensation: $0
  • Related: $77,167
  • Other: $0

    • Anja Vreg (Player Class Director)
  • Compensation: $0
  • Related: $75,667
  • Other: $0

    • Gavin Ziv (Tournament Class Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0

    • Peter Michael Reichel (Tournament Class Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0

    • Cameron Pearson As Of 92022 (Tournament Class Director)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • Alastair Garland Thru 82022 (Tournament Class Director)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • David Haggerty (Federation Class Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kris Dent (Federation Class Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wtatennis.com

    Where can I find the form 990 for Wta Tour Inc?

    The Wta Tour Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wtatennis.com

    Learn more at the official website: www.wtatennis.com

    Mission Statement of Wta Tour Inc

    WTA Tour, Inc. is a leading organization dedicated to the growth and recognition of women's tennis on a global scale. Their mission is multi-faceted, encompassing the organization, sanctioning, administration, governance, and promotion of a series of professional women's tennis tournaments around the world. This endeavor benefits a wide range of stakeholders, including current women tennis players, participating tournaments that have received WTA's sanction, and the International Tennis Federation representing its member national tennis associations.

    By organizing and governing these tournaments, WTA Tour, Inc. ensures a common platform for women tennis players to showcase their skills and compete at the highest level. The sanctioned tournaments provide opportunities for players to earn points and advance in the rankings, thereby driving the growth and recognition of women's tennis. Furthermore, the organization's representation of international tennis federations enables a collaborative approach to the development and promotion of women's tennis on a global scale.

    WTA Tour, Inc.'s commitment extends beyond the organization of tournaments. They govern the rules and regulations of women's professional tennis, providing a fair and consistent framework for all players. Additionally, they promote the sport through various initiatives, including marketing and media partnerships, sponsorships, and community outreach programs. With their unwavering dedication to the growth and recognition of women's tennis, WTA Tour, Inc. continues to be a driving force in the world of professional sports.

    Impact

    This information is meant to be a general summary of Wta Tour Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    WTA Tour Inc has a significant impact on the world of women's tennis by organizing, sanctioning, administering, governing, and promoting a series of professional tournaments globally. Through its efforts, WTA Tour Inc plays a crucial role in advancing and recognizing women athletes in the sport of tennis. Their sponsorship agreements and partnerships help support the growth and development of women's tennis, providing opportunities for current professional players to compete on an international stage. Additionally, by working closely with the International Tennis Federation and national tennis associations, WTA Tour Inc contributes to the overall promotion and success of women's tennis worldwide.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,391,468
  • Program Service Revenue: $105,200,197
  • Gross Receipts: $114,107,506

    • Assets and Liabilities:
  • Total Assets: $114,251,888
  • Total Liabilities: $140,256,768
  • Net Assets: -$26,004,880
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEDIA RIGHTS

    Revenue

    $51,344,621

    SPONSORSHIPS

    Revenue

    $39,588,690

    TOUR OPERATIONS FEES

    Revenue

    $13,657,449

    PLAYERS FEES

    Revenue

    $484,437

    TOURNAMENT MEMBERSHIP SALES/FEES

    Revenue

    $125,000

    Organization Details

    Founding Year

    1994

    Principal Officer

    Steve Simon

    Main Address

    110 SECOND AVENUE SOUTH 300-N, ST PETERSBURG, FL, 33701

    NTEE Category

    Code: N80 - Recreation

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