Winter Park Racquet Club
- Assets
- $12.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 146
- Location
- Winter Park, FL
- Founding
- 12/1975
- Data as of
- 12/2023
- 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 12/2023, Winter Park Racquet Club employed 146 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 12/2023, Winter Park Racquet Club generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 PROVIDES FOOD, BEVERAGE, TENNIS, PICKLEBALL, AND AQUATIC FACILITIES AND SERVICES TO APPROXIMATELY 500 MEMBERS ON THE EASTERN SHORE OF BEAUTIFUL LAKE MAITLAND. THE CLUB ALSO HOSTS A NUMBER OF SOCIAL EVENTS DURING THE YEAR FOR THE ENJOYMENT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Carter President | OfficerTrustee | 17 | $0 |
Brian Cumming Vice President | OfficerTrustee | 4 | $0 |
Jason Bates Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Bell Secretary | OfficerTrustee | 4 | $0 |
Nikki Bell-Giddens Immediate Past President | OfficerTrustee | 4 | $0 |
Gabe Miller Governor | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keller Outdoor Landscaping Demo And Landscaping | 12/30/23 | $312,153 |
Carr Riggs & Ingram Llc Accounting | 12/30/23 | $126,147 |
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 | $3,855,915 |
| Investment income | $47,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,509,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,376,053 |
| 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. | $247,077 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,297,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,442 |
| Payroll taxes | $256,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,761 |
| Fees for services: Accounting | $112,063 |
| 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 | $171,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $855,724 |
| Insurance | $285,261 |
| All other expenses | $243,643 |
| Total functional expenses | $7,195,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,796 |
| Savings and temporary cash investments | $557,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,678 |
| Prepaid expenses and deferred charges | $113,619 |
| Net Land, buildings, and equipment | $10,535,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,111,740 |
| Accounts payable and accrued expenses | $556,416 |
| 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 | $4,238,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,152 |
| Total liabilities | $4,824,916 |
| Net assets without donor restrictions | $7,286,824 |
| 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 | $12,111,740 |