Racquet Club
- Assets
- $4.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 65
- Location
- St Louis, MO
- Founding
- 08/1938
- Data as of
- 08/2023
- EIN
- 43-0469600
Organization Overview
Racquet Club is located in St Louis, MO. The organization was established in 1938. 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 08/2023, Racquet Club employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 08/2023, Racquet Club generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.6m during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING THE MINDS AND DEVELOPING AND TRAINING THE BODIES OF THEMEMBERSHIP FOR THEIR INTELLECTUAL AND SOCIAL CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Ganz Secretary | OfficerTrustee | 1 | $0 |
Thomas P Berra Jr President | OfficerTrustee | 1.5 | $0 |
Brian M Davies Treasurer | OfficerTrustee | 1.5 | $0 |
J Spencer Finney Jr Vice-President | OfficerTrustee | 1 | $0 |
Craig Ashmore Director | Trustee | 1 | $0 |
Paul C Schnoebelen III Director | 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 | $2,721,955 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $237,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $914,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,899,163 |
| 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. | $205,723 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,531,406 |
| Pension plan accruals and contributions | $28,548 |
| Other employee benefits | $181,043 |
| Payroll taxes | $141,347 |
| 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 | $43,202 |
| Advertising and promotion | $45,327 |
| Office expenses | $73,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,551 |
| Insurance | $148,939 |
| All other expenses | $276,232 |
| Total functional expenses | $3,591,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,838 |
| Savings and temporary cash investments | $338,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,268 |
| Prepaid expenses and deferred charges | $70,670 |
| Net Land, buildings, and equipment | $2,916,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,843,849 |
| Accounts payable and accrued expenses | $293,422 |
| Grants payable | $0 |
| Deferred revenue | $262,670 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,090 |
| Total liabilities | $577,182 |
| Net assets without donor restrictions | $4,266,667 |
| 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 | $4,843,849 |