Racquet Club
- Assets
- $4.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 61
- Location
- St Louis, MO
- Founding
- 08/1938
- Data as of
- 08/2021
- EIN
- 43-0469600
Organization Overview
Racquet Club is located in St Louis, MO. The organization was established in 1938. 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 08/2021, Racquet Club employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racquet Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Racquet Club generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.9m during the year ending 08/2021. 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
TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING THE MINDS AND DEVELOPING AND TRAINING THE BODIES OF THEMEMBERSHIP FOR THEIR INTELLECTUAL AND SOCIAL CULTURE.
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 |
|---|---|---|---|
Thomas G Bertani General Manager | Officer | 50 | $165,254 |
Randall Allen Controller | Officer | 45 | $23,800 |
Thomas M Boldt President | OfficerTrustee | 1.5 | $0 |
Thomas P Berra Jr Vice-President | OfficerTrustee | 1 | $0 |
Brian M Davies Secretary | OfficerTrustee | 1 | $0 |
J Spencer Finney Jr Treasurer | OfficerTrustee | 1.5 | $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 | $2,213,998 |
| Investment income | $331 |
| 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 | $609,612 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,158,651 |
| 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. | $230,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,186,476 |
| Pension plan accruals and contributions | $27,937 |
| Other employee benefits | $21,313 |
| Payroll taxes | $106,303 |
| 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 | $22,419 |
| Advertising and promotion | $70,878 |
| Office expenses | $41,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $280,305 |
| Insurance | $220,332 |
| All other expenses | $203,861 |
| Total functional expenses | $2,874,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,075 |
| Savings and temporary cash investments | $321,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $447,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $225,070 |
| Prepaid expenses and deferred charges | $55,555 |
| Net Land, buildings, and equipment | $2,634,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,288,239 |
| Accounts payable and accrued expenses | $246,971 |
| Grants payable | $0 |
| Deferred revenue | $245,128 |
| 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 | $24,663 |
| Total liabilities | $516,762 |
| Net assets without donor restrictions | $3,771,477 |
| 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 | $4,288,239 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |