United States Racquetball Association
- Assets
- $605.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 73-0954204
Organization Overview
United States Racquetball Association, operating under the name Usa Racquetball, is located in Colorado Springs, CO. The organization was established in 1983. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, USA Racquetball employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Racquetball is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, USA Racquetball generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
USA RACQUETBALL, RECOGNIZED BY THE UNITED STATES OLYMPIC COMMITTEE AS THE NATIONAL GOVERNING BODY FOR THE SPORT, IS COMMITTED TO OUR MEMBERS AND THE GROWTH OF RACQUETBALL FROM RECREATIONAL PLAY TO INTERNATIONAL COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACQUETBALL EVENTS - DURING THE YEAR, THE ASSOCIATION SANCTIONED OVER 500 EVENTS WITH NEARLY 13,000 PARTICIPANTS. THE ASSOCIATION CONDUCTED SIX NATIONAL CHAMPIONSHIPS AND TWELVE REGIONAL CHAMPIONSHIPS. DEVELOPMENT PROGRAMS - THE ASSOCIATION MANAGES THE ADULT AND JUNIOR NATIONAL RACQUETBALL TEAMS AND THEIR PARTICIPATION IN INTERNATIONAL COMPETITION. USA RACQUETBALL PROVIDES REFEREE AND INSTRUCTOR CERTIFICATION AND SANCTIONS CAMPS AND CLINICS.MEMBERSHIP - APPROXIMATELY 10,000 INDIVIDUALS BENEFIT FROM MEMBERSHIP IN THE ASSOCIATION, WHICH INCLUDES OPPORTUNITIES TO PARTICIPATE IN SANCTIONED EVENTS, RANKING SERVICES, COMMUNICATIONS, GOVERNANCE OPPORTUNITIES AND DISCOUNT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wedel Executive Director | Officer | 40 | $84,600 |
Charlie Pratt Member | Trustee | 3 | $3,000 |
Michelle DE La Rosa Member | Trustee | 10 | $1,000 |
Stewart Solomon Vice President | OfficerTrustee | 10 | $0 |
Dan Whitley President | OfficerTrustee | 10 | $0 |
Cheryl Kirk Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $93,524 |
| Government grants | $98,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,557 |
| Total Program Service Revenue | $503,728 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,181,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,922 |
| 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. | $91,209 |
| Compensation of current officers, directors, key employees. | $10,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,895 |
| Payroll taxes | $15,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,990 |
| Fees for services: Accounting | $44,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,379 |
| Advertising and promotion | $10,585 |
| Office expenses | $0 |
| Information technology | $20,057 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $774 |
| Interest | $329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,904 |
| Insurance | $44,681 |
| All other expenses | $155,486 |
| Total functional expenses | $1,147,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,161 |
| Savings and temporary cash investments | $229,789 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,490 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,439 |
| Total assets | $605,679 |
| Accounts payable and accrued expenses | $183,059 |
| Grants payable | $0 |
| Deferred revenue | $146,303 |
| 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 | $165,615 |
| Other liabilities | $0 |
| Total liabilities | $494,977 |
| Net assets without donor restrictions | $91,825 |
| Net assets with donor restrictions | $18,877 |
| 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 | $605,679 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United States Racquetball Association has recieved totaling $91,921.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $91,547 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Tennis Association Denver, CO | $978,629 | $2,953,700 |
United States Tennis Association Missouri Valley Section Prairie Village, KS | $1,685,977 | $2,908,878 |
Colorado Tennis Association Denver, CO | $1,001,755 | $2,210,435 |
United States Table Tennis Association Colorado Springs, CO | $717,492 | $1,875,586 |
Philcrest Hills Tennis Club Inc Jenks, OK | $1,757,213 | $1,276,202 |
Saddlebrooke Pickleball Association Tucson, AZ | $216,834 | $469,910 |
Village Tennis Riding And Swim Club Inc Cherry Hills Village, CO | $5,176,377 | $2,213,617 |
United States Racquetball Association Colorado Springs, CO | $605,679 | $1,181,471 |
Coach Mikes Friends Of Public Tennis Salt Lake City, UT | $528,519 | $876,954 |
Celtic Storm Soccer Club Orem, UT | $443,605 | $788,120 |
Denver Tennis Club Denver, CO | $1,863,502 | $1,051,082 |
Friends Of Woods Tennis Inc Lincoln, NE | $449,658 | $879,931 |