Wenatchee Racquet & Athletic Club
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $7.3k
- Employees
- 78
- Location
- Wenatchee, WA
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 91-0729110
Organization Overview
Wenatchee Racquet & Athletic Club is located in Wenatchee, WA. The organization was established in 1964. 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 12/2022, Wenatchee Racquet & Athletic Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wenatchee Racquet & Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Wenatchee Racquet & Athletic Club generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED SPORTS FACILITY FOR USE BY MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Lester President | OfficerTrustee | 3 | $0 |
Stewart Cusick Vice President | OfficerTrustee | 1 | $0 |
Bryan Noyd Treasurer | OfficerTrustee | 1 | $0 |
Cindy Lorrain Secretary | OfficerTrustee | 1 | $0 |
Brian Flones Board Member | Trustee | 0 | $0 |
Rani Sampson Board Member | Trustee | 0 | $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 | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $1,361,599 |
| Investment income | $824 |
| 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 | $38,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,435,588 |
| 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. | $95,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $384,443 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,285 |
| Payroll taxes | $64,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $3,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,526 |
| Office expenses | $29,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,880 |
| Insurance | $25,090 |
| All other expenses | $70,830 |
| Total functional expenses | $1,190,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,737 |
| Savings and temporary cash investments | $124,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,558 |
| Prepaid expenses and deferred charges | $7,388 |
| Net Land, buildings, and equipment | $1,837,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,700,657 |
| Accounts payable and accrued expenses | $13,978 |
| Grants payable | $0 |
| Deferred revenue | $80,868 |
| 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 | $1,687,784 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,402 |
| Total liabilities | $1,788,032 |
| Net assets without donor restrictions | $0 |
| 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 | $912,625 |
| Total liabilities and net assets/fund balances | $2,700,657 |