Winter Park Racquet Club
- Assets
- $13.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 120
- Location
- Winter Park, FL
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 59-0733013
Organization Overview
Winter Park Racquet Club is located in Winter Park, FL. The organization was established in 1975. 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 12/2021, Winter Park Racquet Club employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winter Park 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 12/2021, Winter Park Racquet Club generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. 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 BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDED RESTAURANT, TENNIS, AND AQUATIC FACILITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mclaughlin General Manager | Officer | 60 | $171,120 |
Richard Schmidt Head Tennis Pro | 50 | $107,250 | |
Jamie Feagan Director Of Tennis Operations | 50 | $102,453 | |
Diana Mcnair Chief Financial Officer | Officer | 50 | $84,713 |
Gina Varitek Chief Financial Officer | Officer | 50 | $60,253 |
Jeff Schwartz President | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Joseph Construction Construction Of Campus Upgrades | 12/30/15 | $419,302 |
Keller Landscaping Landscaping | 12/30/15 | $170,632 |
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 | $2,793,655 |
| Investment income | $3,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $926,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,793,264 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,171,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $346,330 |
| Payroll taxes | $0 |
| 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 | $0 |
| 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 | $302,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878,929 |
| Insurance | $179,656 |
| All other expenses | $337,918 |
| Total functional expenses | $5,232,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,842,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $344,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,707 |
| Prepaid expenses and deferred charges | $118,952 |
| Net Land, buildings, and equipment | $10,702,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,114,773 |
| Accounts payable and accrued expenses | $414,121 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,024,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,844 |
| Total liabilities | $5,534,413 |
| Net assets without donor restrictions | $7,580,360 |
| 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 | $13,114,773 |
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