2024-06-13T13:08:28-05:00 2023-07-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2022-08-01 272620275 RACQUET UP DETROIT RACQ 3136009593 6530 WEST OUTER DRIVE DETROIT MI 482352705 DEREK AGUIRRE PRESIDENT AND C.E.O. 3136009593 2024-06-13 1 DEREK AGUIRRE 999009999 1 MICHAEL R NICHOLAS P00966144 3139652655 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEREK AGUIRRE 6530 WEST OUTER DRIVE DETROIT MI 482352705 3974617 0 X WWW.RACQUETUP.ORG X 2010 MI THE ORGANIZATION SUPPORTS AND EMPOWERS DETROIT YOUTH TO ACHIEVE THEIR FULL POTENTIAL THROUGH A DEMANDING AND INSPIRING LONG-TERM EXTRACURRICULAR MENTORING PROGRAM OF SQUASH, ACADEMICS, AND COMMUNITY SERVICE. 18 17 35 30 0 0 2266813 3873562 0 0 8788 57957 0 0 2275601 3931519 17500 3579433 0 0 1004597 1178638 0 0 345961 579148 750912 1601245 5508983 674356 -1577464 10676695 12706522 229201 111281 10447494 12595241 X THE ORGANIZATION SUPPORTS AND EMPOWERS DETROIT YOUTH TO ACHIEVE THEIR FULL POTENTIAL THROUGH A DEMANDING AND INSPIRING LONG-TERM EXTRACURRICULAR MENTORING PROGRAM OF SQUASH, ACADEMICS, AND COMMUNITY SERVICE. 0 0 4900419 3579433 THE ORGANIZATION OPERATES A YOUTH DEVELOPMENT PROGRAM FOR DETROIT PUBLIC SCHOOL STUDENTS AFTER SCHOOL, ON WEEKENDS, AND DURING THE SUMMER. THIS PROGRAM AIMS TO PROMOTE DETROIT PUBLIC SCHOOL STUDENTS' PHYSICAL FITNESS, READING AND WRITING ABILITIES, SELF-ESTEEM, STRENGTH OF CHARACTER, AND EDUCATIONAL ATTAINMENT. OVERALL, THERE ARE SEVEN MAIN PROGRAM COMPONENTS, INCLUDING SQUASH INSTRUCTION AND COMPETITION, FITNESS DEVELOPMENT, ACADEMIC TUTORING, LITERACY DEVELOPMENT, COMMUNITY SERVICE, SUMMER OPPORTUNITIES, AND MENTORING. SEE SCHEDULE O FOR KEY ACCOMPLISHMENTS UNDER THIS PROGRAM.KEY ACCOMPLISHMENTS FOR THIS PROGRAM INCLUDE THE FOLLOWING:- 100 PERCENT OF FIRST FIVE COHORTS OF STUDENTS GRADUATED FROM HIGH SCHOOL- 100 PERCENT OF FIRST FIVE COHORTS OF STUDENTS ADMITTED TO COLLEGE- SCHOOL ATTENDANCE RATE FOR RACQUET UP DETROIT PARTICIPANTS BEATS THE AVERAGE FOR DETROIT STUDENTS- 20 STUDENTS HAVE EARNED FULL SCHOLARSHIPS TO PRESTIGIOUS AND CHALLENGING ACADEMIC SUMMER PROGRAMS AT PHILLIPS EXETER ACADEMY, HOTCHKISS, LAWRENCEVILLE, CHOATE, AND TAFT SCHOOLS- OVER $200,000 IN SUMMER SCHOLARSHIPS EARNED, PLACING STUDENTS AT CAMPS AND PROGRAMS ACROSS THE UNITED STATES, INCLUDING STANFORD UNIVERSITY, KENYON COLLEGE, MICHIGAN STATE UNIVERSITY, WAYNE STATE UNIVERSITY, UNIVERSITY OF VIRGINIA, DEERFIELD ACADEMY, YMCA CAMP HAYO-WENT-HA, AND OHIYESA- URBAN SQUASH TEAM NATIONAL CHAMPIONS IN 2018- EIGHT GRADUATES HAVE PLAYED COLLEGIATE SQUASH AT DENISON, HOBART, CHATHAM, AND ST. LAWRENCE UNIVERSITY- CONSTRUCTION OF NEW DEDICATED FACILITY, COMPLETED ON TIME AND UNDER BUDGET 4900419 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X DEREK AGUIRRE 3136009593 6530 WEST OUTER DRIVE DETROIT MI 482352705 DEREK AGUIRRE PRESIDENT AND C.E.O. 50.00 1.00 X X 171700 0 65977 GEORGE A HAGGARTY CHAIR 15.00 1.00 X X 0 0 0 FRANK RONEY VICE-PRESIDENT 1.00 X X 0 0 0 PAUL FLANAGAN TREASURER 1.00 X X 0 0 0 CRAIG HUPP SECRETARY 5.00 X X 0 0 0 EMILY CAMIENER DIRECTOR 1.00 X 0 0 0 OSCAR COBB DIRECTOR 1.00 X 0 0 0 ALEXIS DISHMAN DIRECTOR 1.00 X 0 0 0 LINDA FORTE VICE-CHAIR 1.00 X 0 0 0 ELIZA GETZ DIRECTOR 1.00 X 0 0 0 DIMITRIUS HUTCHERSON DIRECTOR 1.00 X 0 0 0 EUGENE LOVASCO DIRECTOR 1.00 X 0 0 0 RYAN MACVOY DIRECTOR 1.00 X 0 0 0 ELHADJI MARE DIRECTOR 1.00 X 0 0 0 WARREN MCALPINE DIRECTOR 1.00 X 0 0 0 AMANDA PONTES DIRECTOR 1.00 X 0 0 0 JEFF STAFEIL DIRECTOR 1.00 X 0 0 0 GARY VAN ELSLANDER DIRECTOR 1.00 X 0 0 0 171700 0 65977 1 0 1 0 PHOENIX CONTRACTORS 2300 BISHOP CIRCLE EAST DEXTER MI 48130 CONTRACTING SERVICES 116282 1 3873562 3873562 58322 58322 42733 42349 749 384 -749 -365 -365 3931519 0 0 57957 3555683 3555683 23750 23750 237677 35651 106955 95071 781551 579404 79785 122362 17482 10550 3203 3729 64112 38688 11747 13677 77816 46958 14257 16601 13100 13100 26135 5733 20402 32611 17936 1631 13044 10045 2009 2009 6027 66031 59427 3302 3302 16838 16838 207125 207125 30274 28760 757 757 PROGRAM EXPENSES 166390 166390 EQUIPMENT CHARGES 91095 72877 9109 9109 COMMUNICATIONS 46760 6385 4755 35620 LICENSES AND FEES 10316 5158 5158 34192 31988 1102 1102 5508983 4900419 262603 345961 1358311 209363 544627 903367 1175765 862627 52531 7089 5471 6277826 294712 6171633 5983114 1361999 1104179 4740 3638401 10676695 12706522 229201 89779 0 21502 229201 111281 X 8468367 7745639 1979127 4849602 10447494 12595241 10676695 12706522 X -1577464 97962 3627249 X 0 1 X 1 0 X 1712776 5337294 4153848 2266813 3873562 17344293 1712776 5337294 4153848 2266813 3873562 17344293 3666458 13677835 18136 14232 2231 14429 58322 107350 17451643 0.78380 0.84550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 944135 1212678 113215 2241280 28748 482524 570933 -109322 944135 354183 63322 83519 18500 482524 318033 37002 26083 26935 354183 286432 32606 12895 13900 318033 0.00000 0.00000 1.00000 0 0 87000 87000 5875318 208062 5667256 5345 5345 0 6794 1287 5507 303369 80018 223351 5983114 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 11152 BENEFICIAL INTEREST IN NET ASSETS OF RACQUET UP DETROIT FOUNDATION 3627249 3638401 OPERATING LEASE LIABILITIES 21502 21502 X 4029481 97962 97962 3931519 0 3931519 5508983 0 5508983 0 5508983 PART X, LINE 2: THE ORGANIZATION'S MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2023. 1 RACQUET UP DETROIT FOUNDATION 6530 WEST OUTER DRIVE DETROIT MI 482352705 883154267 501(C)(3) 3555683 0 N/A N/A FOR THE FOUNDATION TO COMMENCE PRINCIPAL OPERATIONS 1 0 SCHOLARSHIPS 13 23750 N/A N/A PART I, LINE 2: THE ORGANIZATION, WHENEVER POSSIBLE, SENDS SCHOLARSHIP GRANTS DIRECTLY TO STUDENTS' EDUCATIONAL INSTITUTIONS, THEREBY ENSURING THAT THEY ARE USED FOR THE STATED PURPOSE, WHICH CAN INCLUDE TUITION, ROOM AND BOARD, BOOKS, AND FEES. IN THE RARE CASE WHEN A SCHOLARSHIP GRANT MUST BE GIVEN DIRECTLY TO THE RECIPIENT, THE ORGANIZATION REQUIRES A STATEMENT FROM THE STUDENT ACCOUNTING FOR THE USAGE OF THE GRANT. IN ADDITION, THE ORGANIZATION'S STAFF IS DIRECTLY IN TOUCH WITH RECIPIENTS IN AN ONGOING MANNER, SO KNOWLEDGE OF GRANT USAGE IS READILY AT HAND. RACQUET UP DETROIT HAS REGULAR ACCESS TO THE RACQUET UP DETROIT FOUNDATION'S FINANCIAL INFORMATION SINCE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE CHAIR OF RACQUET UP DETROIT ARE ON THE BOARD OF DIRECTORS OF THE RACQUET UP DETROIT FOUNDATION. THIS ARRANGEMENT ENABLES THE ORGANIZATION TO MONITOR ITS GRANTS TO THE FOUNDATION TO ENSURE THAT SUCH GRANTS ARE USED FOR THEIR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THEIR INTENDED USE. X 0 0 X 0 0 0 0 0 0 0 0 0 DEREK AGUIRRE PRESIDENT AND C.E.O. 149700 0 22000 0 0 0 50000 0 15977 0 237677 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER SHARES THE FINAL DRAFT WITH THE CHAIR FOR REVIEW. THE CHAIR WILL THEN SHARE THE RETURN WITH OTHER OFFICERS IF THERE ARE ANY AREAS OF CONCERN. ALL BOARD MEMBERS RECEIVE AN ELECTRONIC COPY OF FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST EXECUTE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY AT THE SEPTEMBER BOARD MEETING. THE EXECUTED FORMS ARE THEN REVIEWED BY THE CHAIR AND THE SECRETARY. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR AND THE COMPENSATION COMMITTEE ASSEMBLE A WRITTEN REVIEW OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER PRIOR TO THE END OF THE FISCAL YEAR, THEN MEET WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER IN PERSON TO SHARE FEEDBACK AND ADDRESS CONCERNS. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER ALSO COMPLETES A WRITTEN SELF-ASSESSMENT, WHICH CONTRIBUTES TO THE REVIEW BY THE CHAIR AND THE COMPENSATION COMMITTEE. AN EXECUTIVE SESSION IS HELD AT THE BOARD MEETING TO APPROVE A COMPENSATION PACKAGE FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. A NEW EMPLOYMENT AGREEMENT IS THEN EXECUTED BY THE CHAIR AND THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN RACQUET UP DETROIT FOUNDATION'S NET ASSETS 3,627,249. RACQUET UP DETROIT FOUNDATION 6530 WEST OUTER DRIVE DETROIT MI 482352705 883154267 SUPPORT RACQUET UP DETROIT'S OPERATIONS MI 501(C)(3) LINE 12A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RACQUET UP DETROIT FOUNDATION B 3555683 FMV