Racquet Up Detroit
- Assets
- $12.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Detroit, MI
- Founding
- 07/2010
- Data as of
- 07/2023
- EIN
- 27-2620275
Organization Overview
Racquet Up Detroit is located in Detroit, MI. The organization was established in 2010. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Racquet Up Detroit employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racquet Up Detroit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Racquet Up Detroit generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $5.5m during the year ending 07/2023. 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
THE ORGANIZATION SUPPORTS AND EMPOWERS DETROIT YOUTH TO ACHIEVE THEIR FULL POTENTIAL THROUGH A DEMANDING AND INSPIRING LONG-TERM EXTRACURRICULAR MENTORING PROGRAM OF SQUASH, ACADEMICS, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A YOUTH DEVELOPMENT PROGRAM FOR DETROIT PUBLIC SCHOOL STUDENTS AFTER SCHOOL, ON WEEKENDS, AND DURING THE SUMMER. THIS PROGRAM AIMS TO PROMOTE DETROIT PUBLIC SCHOOL STUDENTS' PHYSICAL FITNESS, READING AND WRITING ABILITIES, SELF-ESTEEM, STRENGTH OF CHARACTER, AND EDUCATIONAL ATTAINMENT. OVERALL, THERE ARE SEVEN MAIN PROGRAM COMPONENTS, INCLUDING SQUASH INSTRUCTION AND COMPETITION, FITNESS DEVELOPMENT, ACADEMIC TUTORING, LITERACY DEVELOPMENT, COMMUNITY SERVICE, SUMMER OPPORTUNITIES, AND MENTORING. SEE SCHEDULE O FOR KEY ACCOMPLISHMENTS UNDER THIS PROGRAM.KEY ACCOMPLISHMENTS FOR THIS PROGRAM INCLUDE THE FOLLOWING:- 100 PERCENT OF FIRST FIVE COHORTS OF STUDENTS GRADUATED FROM HIGH SCHOOL- 100 PERCENT OF FIRST FIVE COHORTS OF STUDENTS ADMITTED TO COLLEGE- SCHOOL ATTENDANCE RATE FOR RACQUET UP DETROIT PARTICIPANTS BEATS THE AVERAGE FOR DETROIT STUDENTS- 20 STUDENTS HAVE EARNED FULL SCHOLARSHIPS TO PRESTIGIOUS AND CHALLENGING ACADEMIC SUMMER PROGRAMS AT PHILLIPS EXETER ACADEMY, HOTCHKISS, LAWRENCEVILLE, CHOATE, AND TAFT SCHOOLS- OVER $200,000 IN SUMMER SCHOLARSHIPS EARNED, PLACING STUDENTS AT CAMPS AND PROGRAMS ACROSS THE UNITED STATES, INCLUDING STANFORD UNIVERSITY, KENYON COLLEGE, MICHIGAN STATE UNIVERSITY, WAYNE STATE UNIVERSITY, UNIVERSITY OF VIRGINIA, DEERFIELD ACADEMY, YMCA CAMP HAYO-WENT-HA, AND OHIYESA- URBAN SQUASH TEAM NATIONAL CHAMPIONS IN 2018- EIGHT GRADUATES HAVE PLAYED COLLEGIATE SQUASH AT DENISON, HOBART, CHATHAM, AND ST. LAWRENCE UNIVERSITY- CONSTRUCTION OF NEW DEDICATED FACILITY, COMPLETED ON TIME AND UNDER BUDGET
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Aguirre President And C.e.o. | OfficerTrustee | 50 | $171,700 |
George A Haggarty Chair | OfficerTrustee | 15 | $0 |
Frank Roney Vice-President | OfficerTrustee | 1 | $0 |
Paul Flanagan Treasurer | OfficerTrustee | 1 | $0 |
Craig Hupp Secretary | OfficerTrustee | 5 | $0 |
Emily Camiener Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phoenix Contractors Inc Construction | 7/30/21 | $1,797,131 |
Smithgroup Jjr Design Development | 7/30/21 | $107,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,873,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,873,562 |
| Total Program Service Revenue | $0 |
| Investment income | $58,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,931,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,555,683 |
| Grants and other assistance to domestic individuals. | $23,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,677 |
| Compensation of current officers, directors, key employees. | $106,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $781,551 |
| Pension plan accruals and contributions | $17,482 |
| Other employee benefits | $64,112 |
| Payroll taxes | $77,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,135 |
| Advertising and promotion | $0 |
| Office expenses | $32,611 |
| Information technology | $10,045 |
| Royalties | $0 |
| Occupancy | $66,031 |
| Travel | $16,838 |
| 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 | $207,125 |
| Insurance | $30,274 |
| All other expenses | $34,192 |
| Total functional expenses | $5,508,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,363 |
| Savings and temporary cash investments | $903,367 |
| Pledges and grants receivable | $862,627 |
| Accounts receivable, net | $0 |
| 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 | $5,471 |
| Net Land, buildings, and equipment | $5,983,114 |
| Investments—publicly traded securities | $1,104,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,638,401 |
| Total assets | $12,706,522 |
| Accounts payable and accrued expenses | $89,779 |
| 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 | $21,502 |
| Total liabilities | $111,281 |
| Net assets without donor restrictions | $7,745,639 |
| Net assets with donor restrictions | $4,849,602 |
| 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 | $12,706,522 |