Raleigh Racquet Club Inc

Organization Overview

Raleigh Racquet Club Inc is located in Raleigh, NC. The organization was established in 1969. 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 12/2023, Raleigh Racquet Club Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh 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 12/2023, Raleigh Racquet Club Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE RALEIGH RACQUET CLUB OFFERS EXCELLENCE IN FACILITIES, PROGRAMS, INSTRUCTION AND EVENTS FOR TENNIS PLAYERS OF ALL AGES AND SKILL LEVELS. AS A FAMILY-ORIENTED RACQUET AND SWIM CLUB, WE OFFER MULTIPLE SOCIAL AND ATHLETIC ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATES TENNIS AND SWIM CLUB


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Halligan
General Mana
$246,284
Paul Goode
Dir. Of Tenn
$190,067
Ronald Carte
Executive Ch
$113,137
Brent Bennett
Dir Of Adult
$111,834
Daniel Carter
Dir Tourname
$104,183
Liz Arcos
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,773,060
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$1,773,060
Total Program Service Revenue$2,425,886
Investment income $35,701
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 $512,211
Miscellaneous Revenue$0
Total Revenue $4,746,858

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