Central Park Tennis Club Inc
- Assets
- $7.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 53
- Location
- Kirkland, WA
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 91-0885105
Organization Overview
Central Park Tennis Club Inc is located in Kirkland, WA. The organization was established in 1975. 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 12/2023, Central Park Tennis Club Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Park Tennis 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 12/2023, Central Park Tennis Club Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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
PROVIDE EXCEPTIONAL,COMPREHENSIVE TENNIS EXPERIENCE FOR MEMBERS AND OPPORTUNITY FOR SOCIAL, FITNESS AND FAMILY ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDOOR AND OUTDOOR TENNIS COURTS FOR RECREATIONAL PLAY AND TENNIS LESSONS FOR MEMBERS.
FITNESS & STRENGTH TRAINING
MEMBER ONLY EVENTS.
TOURNAMENTS,RECREATIONAL SWIMMING FOR ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Mcroberts Director | Trustee | 2 | $0 |
Tom Werner Secretary-Treasurer | OfficerTrustee | 5 | $0 |
Girish Patwardhan Director | Trustee | 2 | $0 |
Barry Katz Director | Trustee | 2 | $0 |
Beth Lehman Brooks Director | Trustee | 2 | $0 |
Steve Carl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,854,578 |
| 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 | $1,854,578 |
| Total Program Service Revenue | $1,226,660 |
| Investment income | $2,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,067 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,139,055 |
| 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. | $160,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,321 |
| Pension plan accruals and contributions | $41,808 |
| Other employee benefits | $115,403 |
| Payroll taxes | $119,969 |
| Fees for services: Management | $21,048 |
| Fees for services: Legal | $428 |
| Fees for services: Accounting | $28,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,888 |
| Office expenses | $51,089 |
| Information technology | $14,503 |
| Royalties | $0 |
| Occupancy | $350,609 |
| Travel | $3,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,957 |
| Insurance | $87,297 |
| All other expenses | $2,890 |
| Total functional expenses | $2,964,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,718 |
| Savings and temporary cash investments | $1,065,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,022 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,851 |
| Inventories for sale or use | $2,876 |
| Prepaid expenses and deferred charges | $16,178 |
| Net Land, buildings, and equipment | $5,907,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,073 |
| Other assets | $4,970 |
| Total assets | $7,316,417 |
| Accounts payable and accrued expenses | $175,689 |
| Grants payable | $0 |
| Deferred revenue | $190,991 |
| 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 | $3,274,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,459 |
| Total liabilities | $3,652,639 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,250,470 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,413,308 |
| Total liabilities and net assets/fund balances | $7,316,417 |