International Health Racquet And Sportsclub Association
- Assets
- $4.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Boston, MA
- Founding
- 02/1994
- Data as of
- 06/2023
- EIN
- 36-3133254
Organization Overview
International Health Racquet And Sportsclub Association, operating under the name Ihrsa, is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2023, Ihrsa employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ihrsa is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Ihrsa generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
TO GROW, PROTECT, & PROMOTE THE INDUSTRY & PROVIDE MEMBERS WITH BENEFITS TO HELP LEAD TO SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED A PRINTED 10 ISSUES OF MAGAZINE AND 2 SPECIAL EDITIONS. PUBLISHED REPORTS, ARTICLES, VIDEOS, AND OTHER RESOURCES DESIGNED TO MOTIVATE AND EDUCATE CLUB OWNERS AND MANAGERS IN RUNNING THEIR BUSINESSES MORE EFFECTIVELY. DEVELOPED EXTENSIVE RESOURCES ADDRESSING COVID-19 RELATED CONCERNS SPECIFIC TO HEALTH AND FITNESS CLUBS. CONDUCTED INDUSTRY AND OTHER RESEARCH IN ORDER TO PROVIDE CLUB OWNERS, OPERATORS, INDUSTRY SUPPLIERS, INVESTORS, AND THE PUBLIC CREDIBLE INFORMATION ON THE WORLDWIDE HEALTH CLUB INDUSTRY AND TO BETTER UNDERSTAND WHY PEOPLE JOIN HEALTH CLUBS AND WHAT MOTIVATES THEM TO STAY PHYSICALLY ACTIVE. ASSISTED MEMBERS WITH INFORMATION NEEDS THROUGH TELEPHONE AND ONLINE RESOURCES.
CONDUCTED SEVERAL VIRTUAL EDUCATIONAL EVENTS, WEBINARS, AND MEETINGS, DESIGNED TO MOTIVATE AND EDUCATE CLUB OWNERS, MANAGERS, AND STAFF AND IMPROVE CLUB MANAGEMENT AND OPERATIONS. OVER 10,000 INDIVIDUALS HAVE ATTENDED IHRSA EVENTS, EDUCATION, AND ONE IN-PERSON TRADE SHOW OVER THE PAST YEAR.
IHRSA REPRESENTS OVER 100,000 HEALTH CLUBS, GYMS, AND STUDIOS ACROSS THE GLOBE. MORE THAN 15,600 CLUBS ARE INVOLVED IN LEADERSHIP ENGAGEMENT THROUGH IHRSA. IHRSA HAS OVER 6,700 MEMBERS IN 36 COUNTRIES. THE ORGANIZATION PROVIDED LEGAL, LEGISLATIVE, PUBLIC RELATIONS, NETWORKING, AND MARKETING ACTIVITIES DURING THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Craytor Chairperson | OfficerTrustee | 5 | $0 |
Frank Lawrence Treasurer | OfficerTrustee | 5 | $0 |
Michele Melkerson-Granryd Secretary | OfficerTrustee | 5 | $0 |
Alan Leach Chairperson Through 3/31 | OfficerTrustee | 5 | $0 |
Luke Carlson Board Member | Trustee | 5 | $0 |
Jj Creegan Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dartmouth Printing Company Printing | 6/29/23 | $307,400 |
Freeman Decorator | 6/29/23 | $527,735 |
Holland-mark Llc Designer | 6/29/23 | $260,036 |
Active Planet Media Publishing | 6/29/23 | $160,000 |
Garnett J Sweeney Lobbying | 6/29/23 | $128,000 |
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 | $91,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,989 |
| Total Program Service Revenue | $9,157,231 |
| Investment income | $10,820 |
| 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 | $9,260,040 |
| 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. | $429,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,669,322 |
| Pension plan accruals and contributions | $22,890 |
| Other employee benefits | $248,149 |
| Payroll taxes | $130,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,911 |
| Fees for services: Accounting | $43,498 |
| Fees for services: Lobbying | $226,464 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $980,976 |
| Advertising and promotion | $0 |
| Office expenses | $112,807 |
| Information technology | $225,696 |
| Royalties | $0 |
| Occupancy | $383,918 |
| Travel | $119,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $19,898 |
| Conferences, conventions, and meetings | $1,426,021 |
| Interest | $73,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,579 |
| Insurance | $39,954 |
| All other expenses | $300 |
| Total functional expenses | $7,123,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,671 |
| Savings and temporary cash investments | $1,270,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,599 |
| 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 | $96,158 |
| Net Land, buildings, and equipment | $258,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,030,725 |
| Total assets | $4,346,652 |
| Accounts payable and accrued expenses | $859,513 |
| Grants payable | $0 |
| Deferred revenue | $1,345,355 |
| 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 | $1,849,900 |
| Other liabilities | $1,057,088 |
| Total liabilities | $5,111,856 |
| Net assets without donor restrictions | -$1,068,728 |
| Net assets with donor restrictions | $303,524 |
| 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 | $4,346,652 |
Grants Awarded
Over the last fiscal year, International Health Racquet And Sportsclub Association has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALS TDI PURPOSE: Charitable Donation Charitable Donation Legal Support | $10,000 |
THE IHRSA FOUNDATION PURPOSE: CHARITABLE DONATION | $7,500 |
THE CONNOLLY-KUHL GROUP INC PURPOSE: LEGAL SUPPORT | $7,500 |