Destrehan Racquet & Golf Inc
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Destrehan, LA
- Founding
- Data as of
- 12/2022
- EIN
- 27-1895605
Organization Overview
Destrehan Racquet & Golf Inc is located in Destrehan, LA. As of 12/2022, Destrehan Racquet & Golf Inc employed 40 individuals. Destrehan Racquet & Golf 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, Destrehan Racquet & Golf Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FIRST CLASS GOLF, TENNIS, SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Bosco President | OfficerTrustee | 20 | $0 |
Michael Woulfe Vice President | OfficerTrustee | 10 | $0 |
Todd Trosclair Sr Secretary | OfficerTrustee | 10 | $0 |
Kelly Buckwalter Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $688,430 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,967 |
| Total Program Service Revenue | $474,190 |
| Investment income | $21,864 |
| 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 | -$24,074 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,947 |
| 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 | $329,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213 |
| Fees for services: Accounting | $2,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $1,363 |
| Information technology | $1,469 |
| Royalties | $0 |
| Occupancy | $413,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,291,748 |
| Insurance | $75,346 |
| All other expenses | $53,329 |
| Total functional expenses | $2,424,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,037 |
| Savings and temporary cash investments | $36,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,143 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,742,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,863,666 |
| Accounts payable and accrued expenses | $954,638 |
| 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 | $445,000 |
| Secured mortgages and notes payable | $1,971,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,370,709 |
| Net assets without donor restrictions | -$1,507,043 |
| 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 | $1,863,666 |