Racquet Club Ladue
- Assets
- $3.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 90
- Location
- St Louis, MO
- Founding
- 06/1984
- Data as of
- 08/2021
- EIN
- 43-1275430
Organization Overview
Racquet Club Ladue is located in St Louis, MO. The organization was established in 1984. 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 Ladue employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racquet Club Ladue 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 Ladue generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.7m 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
AN PRIVATE FAMILY CLUB OFFERING FINE DINING, SOCIAL AND COMPETITIVE ATHLETIC PROGRAMS, PERSONALIZED SPECIAL EVENTS, AND EXCEPTIONAL SERVICE IN A COMFORTABLE ATMOSPHERE WHERE FRIENDSHIPS ARE NURTURED AND FUN IS ENCOURAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING THE MINDS AND DEVELOPING AND TRAINING THE BODIES OF THE MEMBERSHIP FOR THEIR INTELLECTUAL AND SOCIAL CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Kingsland General Manager | Officer | 45 | $122,006 |
Joseph Mueller Executive Chef | 45 | $108,572 | |
Dean Gamble Controller | Officer | 45 | $77,937 |
Howard Kaplan Secretary | OfficerTrustee | 1 | $0 |
Andy Cowen Treasurer | OfficerTrustee | 1 | $0 |
Fredrik Engelhardt President | OfficerTrustee | 1 | $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 | $1,895,073 |
| Investment income | $425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $737,725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,003,102 |
| 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. | $247,998 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,161,702 |
| Pension plan accruals and contributions | $28,987 |
| Other employee benefits | $144,530 |
| Payroll taxes | $112,611 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,333 |
| 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 | $106,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,460 |
| Insurance | $89,580 |
| All other expenses | $194,513 |
| Total functional expenses | $2,678,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $101,434 |
| Prepaid expenses and deferred charges | $44,464 |
| Net Land, buildings, and equipment | $3,324,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,495 |
| Other assets | $23,871 |
| Total assets | $3,870,037 |
| Accounts payable and accrued expenses | $437,088 |
| Grants payable | $0 |
| Deferred revenue | $133,600 |
| 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 | $2,097,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,668,077 |
| Net assets without donor restrictions | $1,201,960 |
| 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 | $3,870,037 |
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