Spokane Racquet Club Inc
- Assets
- $430.7k
- Revenue
- $395.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Spokane, WA
- Founding
- 04/1962
- Data as of
- 12/2021
- EIN
- 91-6028438
Organization Overview
Spokane Racquet Club Inc is located in Spokane, WA. The organization was established in 1962. 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 12/2021, Spokane Racquet Club Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane 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 12/2021, Spokane Racquet Club Inc generated $395.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $305.3k 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
SPOKANE RACQUET CLUB, INC PROVIDES EXCLUSIVE USE OF TENNIS COURTS AS A 501(C)7 ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS TEN TENNIS COURTS AND A CLUBHOUSE FOR THE EXCLUSIVE USE OF OUR MEMBERS.
THE CLUB MAINTAINS TEN TENNIS COURTS AND A CLUBHOUSE FOR THE EXCLUSIVE USE OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Carroll Secretary | OfficerTrustee | 1 | $0 |
Roger Cooke Treasurer | OfficerTrustee | 1 | $0 |
Kym Sonderman President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $178,794 |
| 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 | $178,794 |
| Total Program Service Revenue | $148,040 |
| Investment income | $0 |
| 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 | $6,794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,598 |
| 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 | $786 |
| 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 | $188,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,910 |
| 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 | $26,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,938 |
| Insurance | $9,847 |
| All other expenses | $0 |
| Total functional expenses | $305,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,384 |
| Prepaid expenses and deferred charges | $5,873 |
| Net Land, buildings, and equipment | $350,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,719 |
| Accounts payable and accrued expenses | $18,502 |
| 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 | $131,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,062 |
| Net assets without donor restrictions | $280,657 |
| 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 | $430,719 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spokane Racquet Club Inc has recieved totaling $4,199.
| Awarding Organization | Amount |
|---|---|
Usta-Pacific Northwest Section Beaverton, OR PURPOSE: PROVIDER GRANT - DIVERSITY, EQUITY & INCLUSION GRANT ($1,500)/DESIGN YOUR OWN GRANT ($2,199)/HIGH SCHOOL TENNIS GRANT ($500) | $4,199 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sand Point Country Club Inc Seattle, WA | $22,457,177 | $10,030,449 |
Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
Members Club At Aldarra Sammamish, WA | $18,786,180 | $5,716,279 |
Meridian Valley Country Club Inc Kent, WA | $8,643,385 | $5,751,943 |
Costco Wholesale Employee Club Issaquah, WA | $12,237,798 | $7,934,255 |
Bend Golf & Country Club Bend, OR | $5,177,493 | $4,263,275 |
Samena Club Inc Bellevue, WA | $7,198,660 | $3,998,320 |
Lake Connor Park Inc Lake Stevens, WA | $2,614,581 | $3,287,751 |
Mill Creek Country Club An Association Mill Creek, WA | $6,663,805 | $4,207,043 |
Mercer Island Country Club Mercer Island, WA | $6,268,169 | $3,764,472 |
Lake Merwin Campers Hideaway Amboy, WA | $6,668,263 | $4,804,013 |
Mercer Island Beach Club Mercer Island, WA | $5,095,588 | $2,669,699 |