Western Racquet Club Inc
- Assets
- $6.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 131
- Location
- Elm Grove, WI
- Founding
- 03/1963
- Data as of
- 09/2021
- EIN
- 39-0986766
Organization Overview
Western Racquet Club Inc is located in Elm Grove, WI. The organization was established in 1963. 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 09/2021, Western Racquet Club Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western 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 09/2021, Western Racquet Club Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.5m during the year ending 09/2021. While expenses have increased by 3.4% per year over the past 6 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
A SOCIAL CLUB PROVIDING MEMBERS WITH RECREATIONAL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTERN RACQUET CLUB IS PLEASED TO PROVIDE THE SETTING FOR SPECIAL EVENTS FOR BOTH MEMBERS AND NON-MEMBERS. WE ARE PROUD TO HAVE PLANNED AND HOSTED WEDDING RECEPTIONS, BIRTHDAYS, ANNIVERSARIES, BRIDAL SHOWERS, AND BUSINESS MEETINGS.
WESTERN RACQUET CLUB BOASTS ONE OF THE TOP JUNIOR DEVELOPMENT TENNIS PROGRAMS IN THE MIDWEST. NATIONALLY, SECTIONALLY, AND STATE-RANKED PLAYERS FLOURISH IN THE PROGRAM. IN ADDITION TO THE CLUB'S HIGH PERFORMANCE PROGRAMS, CHILDREN OF ALL AGES AND ABILITIES DEVELOP SKILLS TO ENJOY THE SPORT FOR A LIFETIME. EMPHASIS IS PLACED ON FUN, SPORTSMANSHIP, SKILL DEVELOPMENT, AND COMPETITION.
HEALTHY LIVING AND EXERCISE HAVE ALWAYS BEEN VALUED AT WESTERN RACQUET CLUB. NEW AND EXCITING FITNESS PROGRAMS ARE DEVELOPED CONTINUALLY FOR ADULTS, TEENS, AND CHILDREN.
WESTERN RACQUET CLUB'S AQUATIC PROGRAMS ARE LED BY EXPERIENCED, TALENTED, AND FUN INDIVIDUALS WHO ARE READY TO HELP PARTICIPANTS ACHIEVE QUALITY RESULTS AND LOADS OF FUN WHILE DOING SO. ALL WESTERN RACQUET CLUB'S SWIM INSTRUCTORS ARE WATER SAFETY CERTIFIED AND COACHES HAVE SEVERAL YEARS OF COMPETITIVE SWIM, DIVE, AND SYNCHRONIZED SWIMMING EXPERIENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timon Corwin General Manager/coo | Officer | 40 | $189,872 |
Kevin Ellis President | OfficerTrustee | 0.5 | $0 |
Mickey Goetz Director | Trustee | 0.25 | $0 |
Brian Andrew Secretary | OfficerTrustee | 0.25 | $0 |
Barclay Ferguson Director | Trustee | 0.25 | $0 |
Kurt Janavitz Past President | OfficerTrustee | 0.25 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,065,836 |
| Investment income | $182 |
| 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 | $655,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,825,904 |
| 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. | $181,115 |
| Compensation of current officers, directors, key employees. | $181,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,244,527 |
| Pension plan accruals and contributions | $20,227 |
| Other employee benefits | $95,184 |
| Payroll taxes | $189,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,912 |
| Advertising and promotion | $0 |
| Office expenses | $49,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,988 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,858 |
| Insurance | $83,368 |
| All other expenses | $183,426 |
| Total functional expenses | $3,544,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,279 |
| Prepaid expenses and deferred charges | $14,751 |
| Net Land, buildings, and equipment | $4,168,133 |
| Investments—publicly traded securities | $931,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,496,015 |
| Accounts payable and accrued expenses | $305,750 |
| Grants payable | $0 |
| Deferred revenue | $342,040 |
| 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 | $2,727,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $411,236 |
| Total liabilities | $3,786,153 |
| Net assets without donor restrictions | $2,709,862 |
| 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 | $6,496,015 |
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