Racquet Club Of Philadelphia

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 230998230 ✦ Philadelphia, PA ✦ Designated as a 501(c)(7)

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Overview

What is Racquet Club Of Philadelphia?

The Racquet Club of Philadelphia is a nonprofit organization that caters to 748 members, providing them with regular updates on varied sports, recreational, and social events through newsletters. Members are granted access to the Club's facilities, allowing them to engage in daily athletics, leisure activities, and dining. The Club actively sponsors over 50 athletic, social, and recreational events for its members, fostering a sense of community and camaraderie.


Official website here: www.rcop.com

Is Racquet Club Of Philadelphia legitimate?

Racquet Club Of Philadelphia is a legitimate nonprofit organization registered as a 501(c)(7) entity. Racquet Club Of Philadelphia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $799,718

For more financial information, click here


Official website here: www.rcop.com

What is the mission statement of Racquet Club Of Philadelphia?

The Racquet Club of Philadelphia serves a membership of 748 individuals, providing them with regular updates on various sporting, recreational, and social events. Members have the privilege of utilizing the Club's facilities for daily athletics, recreation, and dining. The Club actively sponsors over 50 athletic, recreational, and social activities, offering its members a diverse range of engaging experiences. In essence, the Racquet Club of Philadelphia fosters a community where members engage in social activities, participate in athletics, and enjoy recreational pursuits.


Official website here: www.rcop.com

What is the revenue of Racquet Club Of Philadelphia?

Racquet Club Of Philadelphia's revenue in 2023 was $3,144,481.


Official website here: www.rcop.com

Who are the executives of Racquet Club Of Philadelphia and what are their salaries?

The average compensation at Racquet Club Of Philadelphia during 2023 was $10,365. There are 95 employees and 25 volunteers at Racquet Club Of Philadelphia.

Here are 16 key members and their salaries:


Timothy Randy Barr (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Carroll (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Crowell (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gorsen (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Harrity (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Lurio (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Picciano (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Phillips (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Rosenberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Folkestad (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Auerbach (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Freeman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rory O'Connor (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Gephart (Board Of Governors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Angelides (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Pitt (General Manager)
  • Compensation: $101,481
  • Related: $0
  • Other: $12,868


Official website here: www.rcop.com

Where can I find the form 990 for Racquet Club Of Philadelphia?

Racquet Club Of Philadelphia's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.rcop.com

Learn more at the official website: www.rcop.com

Mission Statement of Racquet Club Of Philadelphia

The Racquet Club of Philadelphia is an organization dedicated to providing its 748 members with an array of social activities. The club's mission is centered around facilitating sporting, recreational, and social events for its members. This is achieved through the distribution of newsletters detailing various activities, and granting members access to the club's facilities for daily athletics, recreation, and dining. The Racquet Club of Philadelphia sponsors over 50 athletic, recreational, and social activities, offering its members a diverse range of opportunities to engage and connect.

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Impact




October, 2024

The Racquet Club of Philadelphia significantly enhances the community by fostering social connections and encouraging an active lifestyle among its 748 members. By offering a variety of sporting, recreational, and social events, the Club creates a vibrant environment that promotes engagement and camaraderie. Members benefit from access to excellent facilities for athletics and dining, which facilitates daily enjoyment and interaction.

With over 50 organized activities, the Club serves as a hub for physical fitness and socialization, contributing to the overall well-being of its members. The newsletters keep everyone informed about upcoming events, helping to maintain a strong, interconnected community. Ultimately, the Racquet Club of Philadelphia plays a crucial role in enriching the lives of its members and promoting a culture of health and sociability in the city.




This information is meant to be a general summary of Racquet Club Of Philadelphia. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,144,481 (2023)
Expenses
$3,921,212 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $896,307
  • Gross Receipts: $4,683,810

Assets and Liabilities:

  • Total Assets: $8,960,471
  • Total Liabilities: $6,494,282
  • Net Assets: $2,466,189

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ATHLETICS INCOME

Revenue

$282,104

CLUB FUNCTIONS

Revenue

$289,043

LODGING

Revenue

$310,660

OFFICE LEASES

Revenue

$14,500

Organization Details

Founding Year

1889

Principal Officer

Peter Angelides

NTEE Category

Code: N66 - Recreation

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