Raleigh Sports Club Inc
- Assets
- $11.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1977
- Data as of
- 05/2024
- EIN
- 59-1750577
Organization Overview
Raleigh Sports Club Inc is located in Raleigh, NC. The organization was established in 1977. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Sports 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 05/2024, Raleigh Sports Club Inc generated $84.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $85.5k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
CONDUCTING MEETINGS AND HOLDING BANQUETS WHICH FEATURE AREA SPORT PERSONALITIES AS SPEAKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Updegrave President | 2 | $0 | |
Sally Greaser First VP | 2 | $0 | |
Nicholas Hulsey Second VP | 2 | $0 | |
Rob Turner Secretary | 2 | $0 | |
Robin Pace Assist Secretary | 2 | $0 | |
John Watkins Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $84,760 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,760 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,422 |
| Printing, publications, postage, and shipping | $885 |
| Other expenses | $79,172 |
| Total expenses | $85,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,481 |
| Other assets | $0 |
| Total assets | $11,481 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,481 |