2024-02-14T08:37:28-08:00 2023-03-31 222212404 Baratz & Associates PA 4B Eves Drive Suite 100 Marlton NJ 08053 990 2022-04-01 230998230 RACQUET CLUB OF PHILADELPHIA RACQ 2157351525 215 S 16TH ST PHILADELPHIA PA 191023384 TIMOTHY CARROLL TREASURER 2157351525 2023-07-31 true TIMOTHY CARROLL XXX-XX-XXXX true Edward A Suarez CPA MBA P00018408 8568587887 2024-02-14 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PETER ANGELIDES 215 S 16th St Philadelphia PA 19102 4683810 false X WWW.RCOP.COM X 1889 PA SOCIAL ACTIVITIES AMONG MEMBERS 16 15 95 25 214680 11272 2702889 2014535 712369 896307 0 374869 233639 3790127 3144481 0 0 944269 1221882 0 0 2256365 2699330 3200634 3921212 589493 -776731 8960471 8354469 6494282 6665011 2466189 1689458 SOCIAL ACTIVITIES AMONG MEMBERS false false The Racquet Club of Philadelphia has 748 members. Members receive newsletters of sporting, recreational and social events. In addition to daily use of Club facilities for athletics, recreation and dining, the Club sponsors over 50 athletic, recreational and social events. false false false false false false true false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 11 0 95 true true true false false false true true false false false false 90394 683225 false false false X 16 15 false false false false true true false true true false false true true true false false false true false false PA X CLUB MANAGEMENT 2157351525 RACQUET CLUB 215 S16TH ST PHILADELPHIA PA 191023384 TIMOTHY RANDY BARR BOARD OF GOVERNORS 1.00 X 0 0 0 TIMOTHY CARROLL TREASURER 1.00 X X 0 0 0 JONATHAN CROWELL BOARD OF GOVERNORS 1.00 X 0 0 0 MICHAEL GORSEN BOARD OF GOVERNORS 1.00 X 0 0 0 THOMAS HARRITY BOARD OF GOVERNORS 1.00 X 0 0 0 DOUGLAS LURIO BOARD OF GOVERNORS 1.00 X 0 0 0 LAURA PICCIANO BOARD OF GOVERNORS 1.00 X 0 0 0 EDWARD PHILLIPS BOARD OF GOVERNORS 1.00 X 0 0 0 SANDY ROSENBERG SECRETARY 1.00 X X 0 0 0 CHRISTIAN FOLKESTAD BOARD OF GOVERNORS 1.00 X 0 0 0 JONATHAN AUERBACH BOARD OF GOVERNORS 1.00 X 0 0 0 WILLIAM FREEMAN VICE PRESIDENT 1.00 X X 0 0 0 RORY O'CONNOR BOARD OF GOVERNORS 1.00 X 0 0 0 NANCY GEPHART BOARD OF GOVERNORS 1.00 X 0 0 0 PETER ANGELIDES PRESIDENT 1.00 X X 0 0 0 NICK PITT GENERAL MANAGER 40.00 X 101481 0 12868 101481 0 12868 1 false false false 1939749 74786 2014535 ATHLETICS INCOME 713940 282104 0 0 CLUB FUNCTIONS 713940 289043 0 0 LODGING 721000 310660 214680 0 OFFICE LEASES 532000 14500 0 0 896307 123790 25692 98098 98098 98098 1471584 1513637 -42053 -42053 NON-CASH PENSION BENEFIT 900099 177594 177594 0 0 177594 3144481 915266 214680 0 185000 0 0 0 799718 0 0 0 133474 0 0 0 103690 0 0 0 40195 0 0 0 15076 0 0 0 25992 0 0 0 44979 0 0 0 100444 0 0 0 933301 0 0 0 210757 0 0 0 381081 0 0 0 140935 0 0 0 BANK AND CREDIT CARD FEES 103467 0 0 0 CLUB FUNCTION AND MEMBER BENEFIT EXPENSES 591567 0 0 0 SUPPLIES 14203 0 0 0 OTHER 97333 0 0 0 3921212 0 0 0 2430327 1082079 345237 402030 85604 146932 192967 197809 14873250 8423426 5906336 6449824 75795 8960471 8354469 501060 960456 576665 581648 5221701 5108284 30547 164309 14623 6494282 6665011 X 2466189 1689458 2466189 1689458 8960471 8354469 -776731 X false true X true false X Displayed in Club facilities for members benefit false 0 485000 485000 12700554 6862237 5838317 1687696 1561189 126507 6449824 RESERVED FOR FUTURE REPAIRS 0 FINANCE LEASE OBLIGATION 14623 14623 X 4683810 1539329 1539329 3144481 3144481 5460541 1539329 1539329 3921212 3921212 Pt II, Line 9 The Club does not report conservation easements on its certified historic structures in its financial statements. The original structure cost and improvements are capitalized and depreciated. Ongoing structural repairs and maintenance are expensed as incurred. Pt III, Line 1a The collection is not recorded in the financial statements; and is protected, cared for and kept unencumbered. The use of proceeds from items that are sold are to be for the acquisitions of new collection items, the direct care of existing collections, or both. Pt III, Line 4 The Club owns an extensive collection of historical and art objects that are used primarily by members or displayed for their benefit. Pt X, Line 2 The Club has adopted current accounting principles for uncertain income tax positions that require evaluation of tax positions taken on its income tax returns and recognizing a tax asset or liability if the position would not be sustained under audit. For federal income tax purposes, the returns remain open for possible examination for three years after they are filed. The Club's policy is to recognize interest and penalties on unrecognized tax benefits in other expense in the statement of activities. Pt XI, Line 2d Food and beverage and rental costs subtracted from Revenue on 990 Page 1 Pt XII, Line 2d Food and beverage and rental costs not included in Expenses on 990 Page 1 Pt VI, Line 6 The organization has members. Pt VI, Line 7a Members have the right to elect members of the governing body. Pt VI, Line 11b Top management officials review the 990 before it is filed. Pt VI, Line 15a The General Manager's salary is reviewed and approved by the Executive Committee by comparing compensation of other top management officials of similar Organizations' 990s. Pt VI, Line 19 No documents are available to the public other than those required by law. HISTORIC PRESERVATION & EDUCATION FUND OF THE RACQUET CLUB OF PHILADELPHIA 215 S 16TH STREET PHILADELPHIA PA 19102 472109241 PRESERVE AND RESTORE RAQUET CLUB OF PHILA PA 501(C)(3) 170(b)(1)(A)(v) RACQUET CLUB OF PHILA false false false true false false false false false false false false false false false false false false false false HISTORIC PRESERVATION & EDUCATION FUND OF THE RACQUET CLUB OF PHILADELPHIA c 27645 FMV