Wayne Racquet Club
- Assets
- $224.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 03/1976
- Data as of
- 03/2024
- EIN
- 22-2036937
Organization Overview
Wayne Racquet Club is located in Wayne, NJ. The organization was established in 1976. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Racquet Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2024, Wayne Racquet Club generated $109.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $93.1k during the year ending 03/2024. While expenses have increased by 9.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND EXPAND THE SPORT TO THE TENNIS. GRANT WAS FROM THE USTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Blood President | 10 | $0 | |
Barbara Keil Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,489 |
| Membership dues | $93,090 |
| Investment income | $5,882 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $571 |
| Other Revenue | $0 |
| Total Revenue | $109,032 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $93,070 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $93,070 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,159 |
| Other assets | $0 |
| Total assets | $224,529 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,529 |