Nonprofit · EIN 13-1194010
RACQUET & TENNIS CLUB
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,769,259 | $18,093,070 | -$1,323,811 | $25,341,931 | $6,672,743 | $18,669,188 |
| December 31, 2023 | 990 | $15,790,513 | $16,814,797 | -$1,024,284 | $25,058,593 | $6,505,839 | $18,552,754 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,185,587
- Investment income
- $409,831
- Net rental income
- $2,157,855
- Net gain from sales of assets
- $29,248
- Net income from sales of inventory
- $5,015,986
- Other revenue
- $7,173,841
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $569,547
- Other salaries and wages
- $5,553,005
- Salaries, compensation and benefits (total)
- $8,739,033
- Professional fundraising fees
- $0
- Legal fees
- $19,984
- Accounting fees
- $39,700
- Occupancy
- $1,595,515
- Travel
- $20,339
- Depreciation
- $94,888
Balance sheet and other
- Total assets, start of year
- $25,058,593
- Total assets, end of year
- $25,341,931
- Total liabilities, end of year
- $6,672,743
- Net assets, end of year
- $18,669,188
- Land, buildings and equipment
- $1
- Publicly traded securities
- $14,435,901
- Net assets without donor restrictions
- $18,669,188
- Gross unrelated business income
- $2,741,719
- Gross receipts
- $23,988,888
- Employees
- 166
- Volunteers
- 24
- Year formed
- 1890
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GRESSLER | RESIDENT MANAGER Key employee | 40 | $460,000 | $110,447 |
| STEPHEN B TANFIELD | TENNIS PRO Highest-paid employee | 40 | $337,144 | $94,476 |
| JAMES STOUT | RACQUET PRO Highest-paid employee | 40 | $325,034 | $92,901 |
| ROBERT KURTZ | CONTROLLER Highest-paid employee | 40 | $222,731 | $79,603 |
| TOM HAWKINS | EXECUTIVE CHEF Highest-paid employee | 40 | $207,346 | $77,603 |
| ALLEN GREEN | CLUBHOUSE MANAGER Highest-paid employee | 40 | $191,519 | $75,545 |
| ADRIAN KEMP | TENNIS PRO Highest-paid employee | 40 | $228,173 | $27,350 |
| MORRIS W CLOTHIER | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| HENRY A WILMDERDING III | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WALTER S TOMENSON III | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| GUY W DEVEREUX | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| PETER J PELL JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN D FENNEBRESQUE II | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JAMES R HENDERSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SAMUEL F ABERNETHY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER L DEANE | BOARD MEMBER Trustee or director | 3 | $0 |
| JEFFREY F WELLES | BOARD MEMBER Trustee or director | 3 | $0 |
| JOHN G NUGENT | BOARD MEMBER Trustee or director | 3 | $0 |
| WINSTON W HUTCHINS | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRISTOPHER GSCOTT | BOARD MEMBER Trustee or director | 3 | $0 |
| WINTHROP RUTHERFURD JR | BOARD MEMBER Trustee or director | 3 | $0 |
| GEORGE B MOORE | BOARD MEMBER Trustee or director | 3 | $0 |
| F SKIDDY VON STADE III | BOARD MEMBER Trustee or director | 3 | $0 |
| THOMAS S BOSTWICK | BOARD MEMBER Trustee or director | 3 | $0 |
| NICHOLAS D EMMANUEL | BOARD MEMBER Trustee or director | 3 | $0 |
| SILAS R ANTHONY JR | BOARD MEMBER Trustee or director | 3 | $0 |
| MONTAGUE HACKETT III | BOARD MEMBER Trustee or director | 3 | $0 |
| ROBERT R DOUGALSS JR | BOARD MEMBER Trustee or director | 3 | $0 |
| THOAMS W GRANT JR | BOARD MEMBER Trustee or director | 3 | $0 |
| PHILIP PIRO | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GRESSLER | RESIDENT MANAGER Key employee | 40 | $454,423 | $76,639 |
| STEPHEN B TANFIELD | TENNIS PRO Highest-paid employee | 40 | $304,320 | $66,883 |
| JAMES STOUT | RACQUET PRO Highest-paid employee | 40 | $287,590 | $65,795 |
| ROBERT KURTZ | CONTROLLER Highest-paid employee | 40 | $214,481 | $61,043 |
| TOM HAWKINS | EXECUTIVE CHEF Highest-paid employee | 40 | $199,254 | $60,054 |
| ALLEN GREEN | ADMIN & ACCOUNTING Highest-paid employee | 40 | $171,173 | $58,229 |
| MORRIS W CLOTHIER | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| HENRY A WILMERDING III | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WALTER S TOMENSON III | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| GUY W DEVEREUX | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JOHN D FENNEBRESQUE II | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JAMES R HENDERSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SAMUEL F ABERNETHY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ROBERT A GEDDES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WALTER L DEANE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JEFFREY F WELLES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN G NUGENT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PETER LAWSON-JOHNSTON II | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WINSTON W HUTCHINS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHRISTOPHER G SCOTT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WINTHROP RUTHERFURD JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GEORGE B MOORE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| F SKIDDY VON STADE III | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| THOMAS S BOSTWICK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NICHOLAS D EMMANUEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SILAS R ANTHONY JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PETER J PELL JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| THOMAS W GRANT JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ROBERT R DOUGLASS JR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 370 PARK AVE, NEW YORK, NY 10022-5909
- Principal officer (990 for 2024)
- GUY W DEVEREUX, 370 PARK AVENUE, NEW YORK, NY 10022
- Signed the 990
- GUY W DEVEREUX, TREASURER
- Phone
- (212) 753-9700
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
TO ENCOURAGE SPORTS AMONG ITS MEMBERS & TO MAINTAIN A CLUBHOUSE INCLUDING VARIOUS ATHLETIC & DINING FACILITIES, & A SPORTS LIBRARY FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1194010
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $25,341,931
- Income (IRS master file)
- $23,988,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,769,259 | $18,093,070 | $25,341,931 | IRS |
| 990 | December 2023 | $15,790,513 | $16,814,797 | $25,058,593 | XML |
| 990 | December 2022 | $15,863,061 | $15,108,034 | $25,424,655 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1194010).
Questions about RACQUET & TENNIS CLUB
- What is the EIN of RACQUET & TENNIS CLUB?
- The employer identification number (EIN) of RACQUET & TENNIS CLUB is 13-1194010.
- Is RACQUET & TENNIS CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1939.
- Are donations to RACQUET & TENNIS CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RACQUET & TENNIS CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RACQUET & TENNIS CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACQUET & TENNIS CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RACQUET & TENNIS CLUB?
- The 990 for the year ended December 31, 2024 names GUY W DEVEREUX.
- Who are the officers and directors of RACQUET & TENNIS CLUB?
- The 990 for the year ended December 31, 2024 lists 30 people; 7 received compensation from the organization, the highest $460,000 (ROBERT GRESSLER, RESIDENT MANAGER).
- How much revenue does RACQUET & TENNIS CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,769,259, expenses of $18,093,070 and total assets of $25,341,931 at year end.
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