Rafael Racquet Club Inc
- Assets
- $5.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 93
- Location
- San Rafael, CA
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 94-2283084
Organization Overview
Rafael Racquet Club Inc is located in San Rafael, CA. 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 12/2021, Rafael Racquet Club Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rafael 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 12/2021, Rafael Racquet Club Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB'S OBJECTIVE IS TO PROMOTE TENNIS AND SWIMMING, AND TO ASSIST MEMBERS IN BECOMING PROFICIENT IN SUCH PURSUITS. THE CLUB ALSO PROVIDES A MEETING PLACE AND PROMOTES ACTIVITIES FOR ITS MEMBERS. THE CLUB CURRENTLY SERVES MORE THAN 500 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES ARE COLLECTED FROM MEMBERS TO ACCESS ALL OF THE ORGANIZATIONS'S FACILITIES, CLASSES, SOCIAL EVENTS. THE ORGANIZATION OFFERS RECREATIONAL ACTIVITIES, A VARIETY OF SOCIAL EVENTS, COMPETITIVE TENNIS, AND SWIM PROGRAMS TO BOTH CHILDREN AND ADULTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa B Berg Tennis Director | 40 | $169,870 | |
Ariel S Gutierrez General Manager | 40 | $115,324 | |
Tom Graves Vice President | OfficerTrustee | 1 | $0 |
Michelle Nardone Secretary | OfficerTrustee | 1 | $0 |
David Tarantino Treasurer | OfficerTrustee | 1 | $0 |
Jon Freudman President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,159 |
| 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 | $255,159 |
| Total Program Service Revenue | $1,741,326 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,447 |
| 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 | $67,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,338,938 |
| 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. | $285,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,584 |
| Payroll taxes | $91,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $22,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,545 |
| Advertising and promotion | $12,916 |
| Office expenses | $0 |
| Information technology | $17,855 |
| 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 | $92,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,191 |
| Insurance | $97,756 |
| All other expenses | $121,697 |
| Total functional expenses | $2,091,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,634,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,190 |
| 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 | $8,612 |
| Net Land, buildings, and equipment | $3,834,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,696 |
| Other assets | $0 |
| Total assets | $5,698,987 |
| Accounts payable and accrued expenses | $21,306 |
| Grants payable | $0 |
| Deferred revenue | $683,004 |
| 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 | $2,032,532 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $418,835 |
| Total liabilities | $3,155,677 |
| Net assets without donor restrictions | $2,543,310 |
| 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 | $5,698,987 |
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