Nonprofit · EIN 23-0998230
RACQUET CLUB OF PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $4,242,249 | $4,430,055 | -$187,806 | $7,868,094 | $6,770,463 | $1,097,631 |
| March 31, 2024 | 990 | $3,832,688 | $4,405,447 | -$572,759 | $7,995,122 | $6,714,693 | $1,280,429 |
| March 31, 2023 | 990 | $3,144,481 | $3,921,212 | -$776,731 | $8,354,469 | $6,665,011 | $1,689,458 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $2,592,170
- Membership dues
- $2,592,170
- Program service revenue
- $934,986
- Investment income
- $0
- Net rental income
- $180,388
- Net income from sales of inventory
- $419,278
- Other revenue
- $715,093
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $176,330
- Other salaries and wages
- $1,503,905
- Salaries, compensation and benefits (total)
- $2,007,137
- Professional fundraising fees
- $0
- Occupancy
- $785,695
- Depreciation
- $269,078
Balance sheet and other
- Total assets, start of year
- $7,995,122
- Total assets, end of year
- $7,868,094
- Total liabilities, end of year
- $6,770,463
- Net assets, end of year
- $1,097,631
- Land, buildings and equipment
- $6,183,523
- Net assets without donor restrictions
- $1,097,631
- Gross unrelated business income
- $367,024
- Gross receipts
- $4,718,108
- Employees
- 78
- Volunteers
- 25
- Year formed
- 1889
- State of legal domicile
- PA
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK PITT | GENERAL MANA Officer | 40 | $176,330 |
| PETER ANGELIDES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM FREEMAN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| SANDY ROSENBERG | SECRETARY Trustee or director, Officer | 1 | $0 |
| TIMOTHY CARROLL | TREASURER Trustee or director, Officer | 1 | $0 |
| EDWARD PHILLIPS | BOARD OF GOV Trustee or director | 1 | $0 |
| DOUGLAS LURIO | BOARD OF GOV Trustee or director | 1 | $0 |
| TIMOTHY RANDY BARR | BOARD OF GOV Trustee or director | 1 | $0 |
| JONATHAN CROWELL | BOARD OF GOV Trustee or director | 1 | $0 |
| CHRISTIAN FOLKESTAD | BOARD OF GOV Trustee or director | 1 | $0 |
| MICHAEL GORSEN | BOARD OF GOV Trustee or director | 1 | $0 |
| LAURA PICCIANO | BOARD OF GOV Trustee or director | 1 | $0 |
| THOMAS HARRITY | BOARD OF GOV Trustee or director | 1 | $0 |
| NANCY GEPHART | BOARD OF GOV Trustee or director | 1 | $0 |
| ROY O'CONNOR | BOARD OF GOV Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW AVELLINO | BOARD OF GOV Trustee or director | 1 | $0 |
| DANIEL BROWN | BOARD OF GOV Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK PITT | GENERAL MANA Officer | 40 | $176,550 |
| PETER ANGELIDES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM FREEMAN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| SANDY ROSENBERG | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TIMOTHY CARROLL | TREASURER Trustee or director, Officer | 1 | $0 |
| ALVAR SOOSAAR | SECRETARY Trustee or director, Officer | 1 | $0 |
| EDWARD PHILLIPS | BOARD OF GOV Trustee or director | 1 | $0 |
| DOUGLAS LURIO | BOARD OF GOV Trustee or director | 1 | $0 |
| SCHUYLER WICKES | BOARD OF GOV Trustee or director | 1 | $0 |
| TIMOTHY RANDY BARR | BOARD OF GOV Trustee or director | 1 | $0 |
| JONATHAN CROWELL | BOARD OF GOV Trustee or director | 1 | $0 |
| CHRISTIAN FOLKESTAD | BOARD OF GOV Trustee or director | 1 | $0 |
| MICHAEL GORSEN | BOARD OF GOV Trustee or director | 1 | $0 |
| LAURA PICCIANO | BOARD OF GOV Trustee or director | 1 | $0 |
| JONATHAN AUERBACH | BOARD OF GOV Trustee or director | 1 | $0 |
| THOMAS HARRITY | BOARD OF GOV Trustee or director | 1 | $0 |
| NANCY GEPHART | BOARD OF GOV Trustee or director | 1 | $0 |
| RORY O'CONNOR | BOARD OF GOV Trustee or director | 1 | $0 |
| MATTHEW AVELLINO | BOARD OF GOV Trustee or director | 1 | $0 |
| DANILE BROWN | BOARD OF GOV Trustee or director | 1 | $0 |
990 for the year ended March 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICK PITT | GENERAL MANAGER Officer | 40 | $101,481 | $12,868 |
| TIMOTHY RANDY BARR | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| TIMOTHY CARROLL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN CROWELL | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| MICHAEL GORSEN | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| THOMAS HARRITY | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| DOUGLAS LURIO | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| LAURA PICCIANO | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| EDWARD PHILLIPS | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| SANDY ROSENBERG | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTIAN FOLKESTAD | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| JONATHAN AUERBACH | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| WILLIAM FREEMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RORY O'CONNOR | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| NANCY GEPHART | BOARD OF GOVERNORS Trustee or director | 1 | $0 | $0 |
| PETER ANGELIDES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 S 16TH ST, PHILADELPHIA, PA 19102-3349
- Principal officer (990 for 2024)
- PETER ANGELIDES, 215 S 16TH ST, PHILADELPHIA, PA 19102
- Signed the 990
- TIMOTHY CARROLL, TREASURER
- Website
- WWW.RCOP.COM
- Return prepared by
- BARATZ & ASSOCIATES PA
Mission
SOCIAL ACTIVITIES AMONG MEMBERS
Program accomplishments
- IN ADDITION TO DAILY USE OF CLUB FACILITIES FOR ATHLETICS, RECREATION AND DINING, THE CLUB SPONSORS OVER 50 ATHLETIC, RECREATIONAL, AND SOCIAL EVENTS ANNUALLY. MEMBERS RECEIVE NEWSLETTERS OF SPORTING, RECREATIONAL AND SOCIAL EVENTS.
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 23-0998230
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,868,094
- Income (IRS master file)
- $4,718,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $4,242,249 | $4,430,055 | $7,868,094 | XML |
| 990 | March 2024 | $3,832,688 | $4,405,447 | $7,995,122 | XML |
| 990 | March 2023 | $3,144,481 | $3,921,212 | $8,354,469 | XML |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | 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 23-0998230).
Questions about RACQUET CLUB OF PHILADELPHIA
- What is the EIN of RACQUET CLUB OF PHILADELPHIA?
- The employer identification number (EIN) of RACQUET CLUB OF PHILADELPHIA is 23-0998230.
- Is RACQUET CLUB OF PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1941.
- Are donations to RACQUET CLUB OF PHILADELPHIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RACQUET CLUB OF PHILADELPHIA 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 CLUB OF PHILADELPHIA due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACQUET CLUB OF PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of RACQUET CLUB OF PHILADELPHIA?
- The 990 for the year ended March 31, 2025 names PETER ANGELIDES.
- Who are the officers and directors of RACQUET CLUB OF PHILADELPHIA?
- The 990 for the year ended March 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $176,330 (NICK PITT, GENERAL MANA).
- How much revenue does RACQUET CLUB OF PHILADELPHIA have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $4,242,249, expenses of $4,430,055 and total assets of $7,868,094 at year end.
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