TY 2023 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
SOUTHERN OILMANS TENNIS TOURNAMENT INC

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 80425
Room/suite

City or town, state or province, country, and ZIP or foreign postal code LAFAYETTE, LA70598

D Employer identification number

72-0804694

E Telephone number

(337) 233-9200

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE SOLE PURPOSE OF THE ORGANIZATION IS TO ORGANIZE, FUND, PROMOTE AND MANAGE A SINGLE ANNUAL, AMATEUR TENNIS TOURNAMENT IN LAFAYETTE, LOUISIANA TO PROMOTE SOCIAL INTERACTION AND FELLOWSHIP AMONG INDIVIDUAL MEMBER PARTICIPANTS AND THEIR SPOUSES WHOSE MEMBERSHIP ELIGIBILITY IS RESTRICTED TO A COMMON INDUSTRY.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 THE ORGANIZATION ORGANIZED, PROMOTED AND MANAGED A SINGLE ANNUAL, AMATEUR TENNIS TOURNAMENT IN LAFAYETTE, LOUISIANA FOR THE PLEASURE, RECREATION AND FELLOWSHIP OF ITS PARTICIPANTS. PARTICIPATION IN THE TOURNAMENT IS RESTRICTED TO ONLY THOSE INDIVIDUALS AND THEIR SPOUSES WHO DERIVE AT LEAST 50% OF THEIR ANNUAL INCOME FROM THE OIL, NATURAL GAS AND RELATED ENERGY SERVICE INDUSTRIES. ANNUAL PARTICIPATION RANGES FROM 200 TO 300 PLAYERS AND IS CONDUCTED OVER THE COURSE OF THREE (3) DAYS TYPICALLY ON THE FIRST WEEKEND OF OCTOBER. (Grants $ ) If this amount includes foreign grants, check here ...			28a	35,694
29 (Grants $ ) If this amount includes foreign grants, check here ...			29a
30 (Grants $ ) If this amount includes foreign grants, check here ...			30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	35,694

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
BILL SCHNEIDER Director	0	0
ADAM JUDICE Director	0	0
HARRY BROUSSARD Director	0	0
JOHN FENSTERMAKER CO-CHAIRMAN	0	0
JIMMY VINNING II Director	0	0
STEVE SCHAAF Director	0	0
JERRY WETZEL Director	0	0
TREY ROTH Director	0	0
MARK BARTON Director	0	0
ART PRICE Treasurer	0	0
MADONNA WARNKEN Director	0	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1002	Office Expenses $10
Other Expenses.1012	Insurance $315
Other Expenses.1	FOOD & ENTERTAINMENT $19273
Other Expenses.2	PRIZES $7152
Other Expenses.3	COURT FEES $4734
Other Expenses.4	STORAGE FEES $2525
Other Expenses.5	OFFICE EQUIPMENT EXPENSE $1507
Other Expenses.6	BANK & CREDIT CARD FEES $1327
Other Expenses.7	TELEPHONE & INTERNET $741
Other Expenses.8	MEETING EXPENSES $609
Other Expenses.9	BANNERS $510
Other Assets.1	DEPOSIT - Beginning $500 DEPOSIT - Ending $0
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $2000 Accounts Payable and Accrued Expenses - Ending $2000

Return Reference

Explanation

Other Expenses.1002

Office Expenses $10

Other Expenses.1012

Insurance $315

Other Expenses.1

FOOD & ENTERTAINMENT $19273

Other Expenses.2

PRIZES $7152

Other Expenses.3

COURT FEES $4734

Other Expenses.4

STORAGE FEES $2525

Other Expenses.5

OFFICE EQUIPMENT EXPENSE $1507

Other Expenses.6

BANK & CREDIT CARD FEES $1327

Other Expenses.7

TELEPHONE & INTERNET $741

Other Expenses.8

MEETING EXPENSES $609

Other Expenses.9

BANNERS $510

Other Assets.1

DEPOSIT - Beginning $500 DEPOSIT - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $2000 Accounts Payable and Accrued Expenses - Ending $2000

1	Contributions, gifts, grants, and similar amounts received ....................	1	20,250
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	23,080
4	Investment income ....................................	4	1,835
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	45,165

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	1,500
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	226
16	Other expenses (describe in Schedule O) ...................	16	38,703
17	Total expenses. Add lines 10 through 16 .................	17	40,429

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	4,736
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	122,636
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	127,372

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Software Version:	2023v5.1