Cleveland Racquet Club Inc
- Assets
- $4.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 115
- Location
- Pepper Pike, OH
- Founding
- 09/1970
- Data as of
- 09/2022
- EIN
- 34-1037302
Organization Overview
Cleveland Racquet Club Inc is located in Pepper Pike, OH. The organization was established in 1970. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Cleveland Racquet Club Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Racquet Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Cleveland Racquet Club Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB'S MAIN OBJECTIVE IS TO PROMOTE GREATER INTEREST IN RACQUET SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING RACQUET SPORTS AND PROVIDING FAMILIES AND GUESTS WITH QUALITY FACILITIES FOR RACQUET BALL SPORTS AND FAMILY ENJOYMENT. AT SEPTEMBER 30, 2022, THE CLUB HAD 661 ACTIVE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Witzky General Manager | Officer | 45 | $129,423 |
Mike Buettner Director Of Facilities | 40 | $123,000 | |
Paula Defrancesco Controller | Officer | 40 | $35,203 |
Chrissy Mercer Former Controller | Officer | 40 | $15,028 |
Joseph Degrandis Treasurer | OfficerTrustee | 1 | $0 |
Jon Outcalt President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,450,631 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$78,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $301,556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,673,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,278,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,590 |
| Advertising and promotion | $0 |
| Office expenses | $159,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,600 |
| Insurance | $404,725 |
| All other expenses | $0 |
| Total functional expenses | $4,422,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,981 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,632 |
| Prepaid expenses and deferred charges | $2,508 |
| Net Land, buildings, and equipment | $2,755,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,587 |
| Total assets | $4,701,814 |
| Accounts payable and accrued expenses | $431,080 |
| Grants payable | $0 |
| Deferred revenue | $6,063 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,950,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,387,186 |
| Net assets without donor restrictions | $2,314,628 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,701,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Scioto Country Club Inc Columbus, OH | $33,295,673 | $14,482,821 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Kenwood Country Club Cincinnati, OH | $26,605,503 | $12,714,296 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |
St Clair Country Club Upper St Clair, PA | $22,536,238 | $13,310,395 |