Weekapaug Tennis Club
- Assets
- $449.9k
- Revenue
- $369.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Westerly, RI
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 05-0397091
Organization Overview
Weekapaug Tennis Club is located in Westerly, RI. 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 12/2023, Weekapaug Tennis Club employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weekapaug Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Weekapaug Tennis Club generated $369.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $170.7k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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
PROVIDING RECREATIONAL FACILITIES AT WEEKAPAUG RI THROUGH THE MAINTENANCE OF CERTAIN TENNIS COURTS AND OTHER LAND AND BUILDINGS AS A CLUB FOR MEMBERS AND THEIR GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS PRO AND ASSISTANTS PROVIDE LESSONS AND TEACH CLINICS TO THE MEMBERS 100% OF THE WAGES AND RELATED PAYROLL TAXES ARE INCLUDED
COURTS BUILDING AND GROUNDS MAINTENANCE. INSURANCE TAXES SUPPLIES AND UTILITIES TO KEEP COURTS AVAILABLE TO MEMBERS AND GUESTS. THIS ALSO INCLUDED 100% DEPRECIATION OF COURTS BUILDING AND EQUIPMENT
COSTS RELATED TO SPECIAL EVENTS, LESSONS AND TOURNAMENTS FOR MEMBERS AND GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Johnson Director | Trustee | 5 | $0 |
Carl Reiser Director | Trustee | 5 | $0 |
James Dworkin Director | Trustee | 5 | $0 |
Eileen Butler Director | Trustee | 5 | $0 |
Jim Boll President | Officer | 10 | $0 |
Susan Demovick Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,870 |
| Total Program Service Revenue | $48,652 |
| Investment income | $1,788 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,310 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,580 |
| Advertising and promotion | $0 |
| Office expenses | $5,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,692 |
| Travel | $0 |
| 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 | $15,984 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $170,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128 |
| Savings and temporary cash investments | $205,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,024 |
| 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 | $0 |
| Net Land, buildings, and equipment | $241,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $449,921 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $449,921 |
| 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 | $449,921 |