Nonprofit · EIN 75-1042627
THE RACQUET CLUB
Tax-exempt · MIDLAND, TX 79704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,440,091 | $4,833,200 | $606,891 | $7,302,674 | $440,921 | $6,861,753 |
| December 31, 2023 | 990 | $4,868,628 | $4,130,259 | $738,369 | $6,484,370 | $229,508 | $6,254,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $138,575
- Program service revenue
- $3,983,922
- Investment income
- $69,942
- Royalties
- $19,693
- Net income from sales of inventory
- $1,210,573
- Other revenue
- $1,247,652
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $218,000
- Other salaries and wages
- $2,408,536
- Salaries, compensation and benefits (total)
- $3,160,564
- Professional fundraising fees
- $0
- Accounting fees
- $14,831
- Depreciation
- $448,540
- Program services (functional)
- $4,287,273
- Management and general (functional)
- $545,927
Balance sheet and other
- Total assets, start of year
- $6,484,370
- Total assets, end of year
- $7,302,674
- Total liabilities, end of year
- $440,921
- Net assets, end of year
- $6,861,753
- Land, buildings and equipment
- $4,281,616
- Net assets without donor restrictions
- $6,861,753
- Gross unrelated business income
- $19,693
- Gross receipts
- $6,514,223
- Employees
- 84
- Volunteers
- 9
- Year formed
- 1959
- State of legal domicile
- TX
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 |
|---|---|---|---|
| SCOTT STEWART | GENERAL MANAGER Officer | 50 | $218,000 |
| GINNY ALLEN | Treasurer Trustee or director, Officer | 1 | $0 |
| TREY FUQUA | Director Trustee or director | 1 | $0 |
| SPENCER BLAKE | President Trustee or director, Officer | 1 | $0 |
| ROB CRUMPLER | Director Trustee or director | 1 | $0 |
| TRICIA STOLTZ | Director Trustee or director | 1 | $0 |
| LAURIE BOLDRICK | Director Trustee or director | 1 | $0 |
| NANCY GIBSON | Director Trustee or director | 1 | $0 |
| DAVE JOYNER | Vice President Trustee or director, Officer | 1 | $0 |
| CHRIS HOWARD | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT STEWART | GENERAL MANAGER Officer | 50 | $215,000 |
| GINNY ALLEN | Director Trustee or director | 1 | $0 |
| NATE BRIGNON | President Trustee or director, Officer | 1 | $0 |
| SPENCER BLAKE | Vice President Trustee or director, Officer | 1 | $0 |
| LIZ MCGEHEE | Director Trustee or director | 1 | $0 |
| TRICIA STOLTZ | Director Trustee or director | 1 | $0 |
| LAURIE BOLDRICK | Director Trustee or director | 1 | $0 |
| NANCY GIBSON | Director Trustee or director | 1 | $0 |
| DAVE JOYNER | Secretary Trustee or director, Officer | 1 | $0 |
| STEVEN JEFFCOAT | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5264, MIDLAND, TX 79704-5264
- Principal officer (990 for 2024)
- SPENCER BLAKE, PO BOX 5264, MIDLAND, TX 79704
- Signed the 990
- ISHWAR SHARMA, GENERAL MANAGER
- Phone
- (432) 683-5596
- Website
- THERC.ORG
- Return prepared by
- C Marc Martin CPA
Mission
TENNIS AND DINING SOCIAL CLUB
Program accomplishments
- THE RACQUET CLUB OPERATES A TENNIS, SWIMMING, AND DINING FACILITY FOR SOCIAL BENEFIT OF ITS MEMBERS. THESE FACILITIES BENEFIT IN EXCESS OF 300 MEMBERS AND THEIR FAMILIES.Expenses $4,287,273
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
- 75-1042627
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,302,674
- Income (IRS master file)
- $6,514,223
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,440,091 | $4,833,200 | $7,302,674 | IRS |
| 990 | December 2023 | $4,868,628 | $4,130,259 | $6,484,370 | XML |
| 990 | December 2022 | $4,444,074 | $3,817,480 | $5,778,564 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-1042627).
Questions about THE RACQUET CLUB
- What is the EIN of THE RACQUET CLUB?
- The employer identification number (EIN) of THE RACQUET CLUB is 75-1042627.
- Is THE RACQUET CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1961.
- Are donations to THE RACQUET CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE RACQUET 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 THE RACQUET 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 THE RACQUET 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 THE RACQUET CLUB?
- The 990 for the year ended December 31, 2024 names SPENCER BLAKE.
- Who are the officers and directors of THE RACQUET CLUB?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $218,000 (SCOTT STEWART, GENERAL MANAGER).
- How much revenue does THE RACQUET CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,440,091, expenses of $4,833,200 and total assets of $7,302,674 at year end.
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