Overview
What is The Racquet Club?
The Racquet Club is a nonprofit organization that offers its members a multifaceted experience, encompassing tennis, swimming, and dining activities. Their primary objective is to provide a social environment for their members to engage in these recreational pursuits. The club's facilities cater to various needs, ensuring a comprehensive and enjoyable experience.
Official website here: www.therc.org
Is The Racquet Club legitimate?
The Racquet Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Racquet Club 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: $208,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,846,253
For more financial information, click here
Official website here: www.therc.org
What is the mission statement of The Racquet Club?
The Racquet Club serves as a social hub, with its primary mission being to provide its members with a tennis, swimming, and dining facility. This establishment operates with the intention of offering its members a enjoyable and beneficial social experience. The club's activities are geared towards promoting camaraderie and leisure among its members. The Racquet Club strives to create a welcoming environment where members can engage in recreational activities and enjoy meals together. The club's operations are centered around enhancing the social lives of its members.
Official website here: www.therc.org
Who is the CEO of The Racquet Club?
Karl Pfluger is the President of The Racquet Club.
Official website here: www.therc.org
What is the revenue of The Racquet Club?
The Racquet Club's revenue in 2022 was $4,444,074.
Official website here: www.therc.org
Who are the executives of The Racquet Club and what are their salaries?
The average compensation at The Racquet Club during 2022 was $22,580. There are 91 employees and 9 volunteers at The Racquet Club.
Here are 10 key members and their salaries:
- Compensation: $208,490
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.therc.org
Where can I find the form 990 for The Racquet Club?
The Racquet Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.therc.org
Learn more at the official website: www.therc.org
Mission Statement of The Racquet Club
The Racquet Club, as a social club, is dedicated to providing its members with a tennis, swimming, and dining experience. Its mission is centered around the operation of this facility for the collective enjoyment and social benefit of its members. The club offers a tennis court, a swimming area, and dining facilities, aiming to foster a sense of community and camaraderie among its members.
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Impact
October, 2024
The Racquet Club serves as a vital hub for recreation and social engagement in Midland, TX. By providing facilities for tennis, swimming, and dining, it fosters a sense of community among its members. This social club encourages active lifestyles and promotes health and wellness through physical activities.
Beyond its recreational offerings, The Racquet Club plays a crucial role in enhancing the quality of life for its members, creating opportunities for social interaction and networking. It serves as a gathering place where individuals and families can build friendships, enjoy leisure time, and participate in community events. The club's emphasis on social benefit enriches the fabric of the Midland community, contributing to a vibrant and active environment.
This information is meant to be a general summary of The Racquet Club. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$9,833
- Program Service Revenue: $2,790,559
- Gross Receipts: $5,420,516
Assets and Liabilities:
- Total Assets: $5,778,564
- Total Liabilities: $262,071
- Net Assets: $5,516,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,790,559
Organization Details
Founding Year
1959
Phone
(432) 683-5596Principal Officer
Karl Pfluger
Main Address
PO BOX 5264, MIDLAND, TX, 79704
Website
www.therc.orgNTEE Category
Code: N66 - Recreation
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