Spokane Racquet Club Inc
- Assets
- $680.9k
- Revenue
- $406.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Spokane, WA
- Founding
- 04/1962
- Data as of
- 12/2022
- EIN
- 91-6028438
Organization Overview
Spokane Racquet Club Inc is located in Spokane, WA. The organization was established in 1962. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Spokane Racquet Club Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane 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 12/2022, Spokane Racquet Club Inc generated $406.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $382.0k during the year ending 12/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPOKANE RACQUET CLUB INC PROVIDES EXCLUSIVE USE OF TENNIS COURTS TO ITS MEMBERSHIP AS A 501C7 ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LESSONS PROVIDED TO MEMBERS ARE THE PROGRAM AREA WITH LARGEST EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kym Sonderman President | Officer | 2 | $0 |
Roger Cooke Treasurer | Officer | 1 | $0 |
Diane Tunnell Secretary | Officer | 1 | $0 |
Bryan Osborn Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $259,134 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,134 |
| Total Program Service Revenue | $130,305 |
| Investment income | $0 |
| 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 | $2,077 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,516 |
| 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 | $377 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,879 |
| Information technology | $1,396 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,267 |
| Insurance | $8,499 |
| All other expenses | $7,502 |
| Total functional expenses | $381,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,558 |
| Savings and temporary cash investments | $199,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,464 |
| Prepaid expenses and deferred charges | $502 |
| Net Land, buildings, and equipment | $330,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,892 |
| Accounts payable and accrued expenses | $18,487 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $349,900 |
| Other liabilities | $0 |
| Total liabilities | $368,387 |
| Net assets without donor restrictions | $312,505 |
| 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 | $680,892 |