2026-03-02T13:02:32-06:00 2025-10-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2024-11-01 381791440 RACQUET CLUB OF ANN ARBOR RACQ 7349715441 PO BOX 130228 ANN ARBOR MI 48113 CHRIS SCHULTE TREASURER 7349715441 2026-02-21 1 1 JEFFREY E HERT CPA P00066715 9897999580 2026-02-08 2024 2025-03-06 01:10:19Z CHRIS SCHULTE PO BOX 130228 ANN ARBOR MI 48113 2035301 0 X A2RACQUET.COM X 1964 MI TO PROMOTE AND ENCOURAGE INTERESTS IN TENNIS AND SWIMMING, AND PROMOTE TENNIS COURTS, A SWIMMING POOL, AND CLUB FACILITIES FOR MEMBERS, THEIR FAMILIES AND GUESTS. 12 12 91 11 4839 3839 0 0 1633543 1833221 -72665 4839 64094 85532 1624972 1923592 0 0 0 0 791644 841452 0 0 0 921902 943988 1713546 1785440 -88574 138152 6000922 5758444 2751658 2371027 3249264 3387417 TO PROMOTE AND ENCOURAGE INTERESTS IN TENNIS AND SWIMMING, AND PROMOTE TENNIS COURTS, A SWIMMING POOL, AND CLUB FACILITIES FOR MEMBERS, THEIR FAMILIES AND GUESTS. 0 0 TENNIS PROGRAM - PRIVATE LESSONS, CLINICS, USTA SWIM PROGRAM - COMPETITIVE SWIM / DIVE TEAM WHICH COMPETES WITH OTHER CLUBS / ORGANIZATIONS, PRIVATE LESSONS AND CLINICS. SOCIAL EVENTS - ON-PREMESIS SOCIAL EVENTS GENERALLY CELEBRATING HOLIDAYS SUCH AS MEMORIAL DAY AND JULY 4TH. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 91 1 1 1 0 0 0 0 285037 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 X DARRIN WAGNER 7343205334 6578 E RIDGE CT BRIGHTON MI 48116 JOCELYN GREENE PRESIDENT 2.00 X X 0 0 0 ED HEBERLEIN VICE PRESIDENT 2.00 X X 0 0 0 CHRIS SCHULTE TREASURER 2.00 X X 0 0 0 SERG MOORIDIAN SECRETARY 2.00 X X 0 0 0 PAT JOHNSTON DIRECTOR 2.00 X 0 0 0 ED HEBERLEIN DIRECTOR 2.00 X 0 0 0 CAROL CLYDE DIRECTOR 2.00 X 0 0 0 RACHEL PHILLIPS DIRECTOR 2.00 X 0 0 0 ERIC BROWN DIRECTOR 2.00 X 0 0 0 ABBY WOOD DIRECTOR 2.00 X 0 0 0 BRITTANY TOBIAS DIRECTOR 2.00 X 0 0 0 PATRICK FORD DIRECTOR 2.00 X 0 0 0 BRENT SCHOMAKER GENERAL MANAGER 40.00 X 132712 0 0 132712 0 0 1 0 0 0 0 MEMBERSHIP DUES 713940 1223995 1223995 MEMBER INITIATION FEES 713940 285037 285037 TENNIS ACTIVITIES 713940 156200 156200 SWIM PROGRAM 713940 79369 79369 GUEST FEES 713940 69495 69495 19125 19125 1833221 4839 4839 192586 111709 80877 80877 MISCELLANEOUS 900099 2696 2696 DELINQUENT CHARGES 900099 1959 1959 4655 1923592 1918753 4839 0 115679 661134 64639 21358 18101 324695 300259 53179 REPAIRS 200591 SWIM PROGRAM 15481 MISCELLANEOUS 5889 SOCIAL EVENTS 2972 1463 1785440 25362 21492 244839 15437 17549 245000 5000 9248988 3779424 5701053 5469564 14070 6000922 5758444 58165 59487 2682133 2298816 11360 12724 2751658 2371027 X 3249264 3387417 3249264 3387417 6000922 5758444 138152 1 0 X 1 X 0 0 0 123512 123512 8180650 3038109 5142541 423854 326295 97559 520972 415020 105952 5469564 ADVANCE MEMBER PAYMENTS 4474 REFUNDABLE INITIATION FEES 8250 12724 X PART X, LINE 2: THE CLUB IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH THE CLUB WAS GRANTED AN INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." THE CLUB HAS BEEN CLASSIFIED AS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS EVALUATED THE CLUB'S INCOME TAX FILING POSITIONS FOR FISCAL 2022 THROUGH 2025, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF OCTOBER 31, 2025. THE CLUB CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CLUB'S FINANCIAL STATEMENTS. THE CLUB DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT OCTOBER 31, 2025 OR 2024, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. DURING FISCAL YEAR ENDING OCTOBER 31, 2023, THE CLUB UPGRADED ITS FILTRATION SYSTEM FOR ITS POOL. AS A RESULT OF THIS UPGRADE, THE CLUB RECEIVED MITIGATIONS CREDITS FOR THE CITY OF ANN ARBOR. THESE CREDITS WERE ABLE TO BE SOLD TO DEVELOPERS UNDER THE CITY'S DEVELOPER OFFSET MITIGATION (DOM) PROGRAM. THE TOTAL VALUE OF THESE CREDITS WAS $1,189,550 AND HAD BEEN RECOGNIZED AS INCOME. AS OF THE FISCAL YEAR ENDED OCTOBER 31, 2023, THE CLUB HAD SOLD 526 OF THE 599 DOM CREDITS FOR $1,116,550. THE CLUB SOLD THE REMAINING 73 DOM CREDITS IN DECEMBER 2023 FOR $73,000. AT THE TIME THE CLUB RECEIVED THESE CREDITS, THEY WERE ADVISED THAT THE PROCEEDS FROM THESE CREDITS WAS UNRELATED BUSINESS INCOME AND WOULD BE TAXABLE AS SUCH. THE CLUB MADE AN ESTIMATED FEDERAL TAX PAYMENT OF $240,000 TO BE APPLIED TO THE TAX ON THIS INCOME. AFTER ADDITIONAL RESEARCH, THE CLUB LATER DETERMINED THAT THIS INCOME IS NOT UNRELATED BUSINESS INCOME BASED ON THE FACT THAT THE CREDITS WERE THE RESULTS OF THE UPGRADE TO THEIR POOL'S FILTRATION SYSTEM WHICH IS USED IN CARRYING OUT ITS TAX-EXEMPT FUNCTION. UNDER INTERNAL REVENUE CODE SECTION 512(A)(3)(D), PROCEEDS FROM THE DESTRUCTION IN PART OF PROPERTY USED DIRECTLY IN THE PERFORMANCE OF THE EXEMPT FUNCTION OF THE CLUB IS NOT CONSIDERED UNRELATED BUSINESS INCOME. THEREFORE, THE CLUB HAS REFLECTED THE ESTIMATED TAX PAYMENT AS AN ASSET ON ITS STATEMENT OF FINANCIAL POSITION FOR FISCAL YEAR ENDING OCTOBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS ORGANIZED ON A NON-STOCK MEMBERSHIP BASIS UNDER THE ACT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ENTITLED TO THE PRIVILEGES OF THE CLUB, UPON PAYMENT OF DUES AND SUBJECT TO REGULATIONS ESTABLISHED BY THE BOARD OF DIRECTORS. EACH MEMBER SHALL BE ENTITLED TO VOTE AT ANY GENERAL OR SPECIAL MEETING OF THE MEMBERS, PROVIDED THAT MEMBER IS IN GOOD STANDING. MEMBERS IN GOOD STANDING AT THE TIME OF DISSOLUTION OF THE CLUB SHALL BE ENTITLED TO SHARE EQUALLY IN THE ASSETS OF THE CLUB. AT-LARGE DIRECTORS ARE ELECTED BY CLUB MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS: AMENDMENTS TO THE BYLAWS MUST BE APPROVED BY A TWO-THIRDS VOTE OF THE MEMBERS PRESENT OR REPRESENTED BY PROXY AT AN ANNUAL OR SPECIAL MEETING OR BY BALLOT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW THE FORM 990: THE TREASURER AND STAFF ACCOUNTANT REVIEW THE FORM 990 WITH THE CPA FIRM. THE TREASURER SIGNS THE RETURN WITH THE PRESIDENT AS AN ALTERNATE AS EMPOWERED BY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 15A INDEPENDENT BOARD MEMBERS CONDUCT COMPARABILITY DATA REVIEW AND APPROVE COMPENSATION OF GENERAL MANAGER ON AN ANNUAL BASIS. THIS REVIEW AND APPROVAL IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS WHO INQUIRE.