Lake Charles Racquet Club
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 58
- Location
- Lake Charles, LA
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 72-0741704
Organization Overview
Lake Charles Racquet Club is located in Lake Charles, LA. The organization was established in 1983. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lake Charles Racquet Club employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Charles 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, Lake Charles Racquet Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 2.8% 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
LAKE CHARLES RACQUET CLUB IS AN EXCLUSIVE PRIVATE CLUB OFFERING THE IDEAL ENVIRONMENT FOR TENNIS, EXERCISE, SWIMMING, DINING, SOCIALIZATION, & RELAXATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CHARLES RACQUET CLUB IS AN EXCLUSIVE PRIVATE CLUB OFFERING THE IDEAL ENVIRONMENT FOR TENNIS, EXERCISE, SWIMMING, DINING, SOCIALIZATION, & RELAXATION.
LAKE CHARLES RACQUET CLUB IS AN EXCLUSIVE PRIVATE CLUB OFFERING THE IDEAL ENVIRONMENT FOR TENNIS, EXERCISE, SWIMMING, DINING, SOCIALIZATION & RELAXATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meyer Schwartzberg Club Manager | Officer | 40 | $174,458 |
Jill Rice Board Member | Trustee | 2 | $0 |
Mark Ieyoub President | OfficerTrustee | 2 | $0 |
Shane Wilkinson Board Member | Trustee | 2 | $0 |
Mary Jo Bayles Board Member | Trustee | 2 | $0 |
Richman Reinauer Board Member | Trustee | 2 | $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 | $1,113,187 |
| Investment income | $6,957 |
| 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 | -$51,514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,068,630 |
| 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 | $248,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,905 |
| Payroll taxes | $31,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,626 |
| Fees for services: Accounting | $9,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,955 |
| Advertising and promotion | $218 |
| Office expenses | $2,822 |
| Information technology | $4,921 |
| Royalties | $0 |
| Occupancy | $86,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333 |
| Interest | $52,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,139 |
| Insurance | $76,681 |
| All other expenses | $69,610 |
| Total functional expenses | $1,134,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,111 |
| Savings and temporary cash investments | $480,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,540 |
| Prepaid expenses and deferred charges | $18,974 |
| Net Land, buildings, and equipment | $876,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,965 |
| Other assets | $0 |
| Total assets | $1,562,521 |
| Accounts payable and accrued expenses | $34,991 |
| Grants payable | $0 |
| Deferred revenue | $321,272 |
| 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 | $1,174,650 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,530,913 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $280,539 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$248,931 |
| Total liabilities and net assets/fund balances | $1,562,521 |