2024-03-18T10:50:38-05:00 2023-09-30 341463411 BARNES WENDLING CPAS INC 1350 EUCLID AVE SUITE 1400 CLEVELAND OH 441151830 990 2022-10-01 341037302 THE CLEVELAND RACQUET CLUB INC CLEV 2168312155 29825 CHAGRIN BOULEVARD PEPPER PIKE OH 44124 JOSEPH V DEGRANDIS JR TREASURER 2168312155 2024-03-07 1 JOSEPH DEGRANDIS JR 999009999 0 MICHAEL PAPPAS CPA P00410092 2165669000 2024-03-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSEPH V DEGRANDIS JR 29825 CHAGRIN BOULEVARD PEPPER PIKE OH 44124 7052600 0 X WWW.CLEVELANDRACQUET.COM X 1964 OH THE CLUB'S MAIN OBJECTIVE IS TO PROMOTE GREATER INTEREST IN RACQUET SPORTS. 12 12 150 12 9670 0 0 0 5450631 6051798 -78354 -31353 301556 444543 5673833 6464988 0 0 0 0 2555489 3410325 0 0 0 1866521 2031383 4422010 5441708 1251823 1023280 4701814 5742296 2387186 2384416 2314628 3357880 THE CLEVELAND RACQUET CLUB, INC. (THE CLUB) WAS ESTABLISHED IN 1964. THE CLUB'S MAIN OBJECTIVE IS TO PROMOTE GREATER INTEREST IN RACQUET SPORTS, THE CREATION OF NEW ASSOCIATIONS, FAMILY ENJOYMENT, AND THE DEVELOPMENT OF BETTER RACQUET SKILL AND COMPETITIVE PLAY. 0 0 5287202 PROMOTING RACQUET SPORTS AND PROVIDING FAMILIES AND GUESTS WITH QUALITY FACILITIES FOR RACQUET BALL SPORTS AND FAMILY ENJOYMENT. AT SEPTEMBER 30, 2023, THE CLUB HAD 670 ACTIVE MEMBERS. 5287202 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 32 0 1 150 1 1 1 0 0 0 0 432882 18238 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X JOSEPH V DEGRANDIS JR 2168312155 29825 CHAGRIN BLVD PEPPER PIKE OH 44124 JOSEPH DEGRANDIS TREASURER 1.00 X X 0 0 0 JENNY PETERMAN TRUSTEE 1.00 X 0 0 0 RICHARD GOSS TRUSTEE 1.00 X 0 0 0 DYLAN SCHRODE TRUSTEE 1.00 X 0 0 0 JENN WRUBEL TRUSTEE 1.00 X 0 0 0 DAVE WOLFE TRUSTEE 1.00 X 0 0 0 STEVE TAMARKIN TRUSTEE 1.00 X 0 0 0 JEAN KOEHLER TRUSTEE 1.00 X 0 0 0 JON OUTCALT PRESIDENT 1.00 X 0 0 0 BRUCE BAUM VICE PRESIDENT 1.00 X 0 0 0 MICHELLE WITZKY GENERAL MANAGER 45.00 X 128846 0 0 ELLEN SCHMIDT SECRETARY 1.00 X 0 0 0 MIKE BUETTNER DIRECTOR OF FACILITIES 40.00 X 115385 0 0 244231 0 0 3 0 0 0 TROY BUDGEN 17616 MERRY OAKS TRAIL CHAGRIN FALLS OH 44023 DIRECTOR OF TENNIS 163514 1 MEMBERSHIP DUES 713940 4503227 4503227 PROGRAM SERVICES 713940 1548571 1546506 2065 6051798 19790 19790 51143 -51143 -51143 -51143 981012 536469 444543 436938 7605 6464988 6455318 9670 0 224231 3186094 98345 115855 370580 74825 342141 289727 SUPPLIES 379291 MISCELLANEOUS EXPENSE 204401 REPAIRS AND MAINTENANCE 156218 5441708 1465820 1183367 238981 227825 54632 77594 2508 25675 11312677 7289400 2755286 4023277 184587 204558 4701814 5742296 431080 534703 6063 5159 1950043 1844554 2387186 2384416 X 2314628 3357880 2314628 3357880 4701814 5742296 1023280 19972 0 X X 1 X 0 0 0 154562 154562 3692821 3089482 603339 5530314 2362016 3168298 1920845 1823767 97078 14135 14135 0 4023277 X PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE CLUB EARNS UNRELATED BUSINESS INCOME ON ITS NONMEMBER INCOME AND REPORTED NO UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED SEPTEMBER 30, 2023 DUE TO A NET OPERATING LOSS CARRYOVER AND SEPTEMBER 30, 2022 AS EXPENSES EXCEEDED REVENUES. THE CLUB EVALUATES AT EACH BALANCE SHEET DATE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, TO DETERMINE THE NEED TO RECORD LIABILITIES FOR TAXES, PENALTIES, AND INTEREST. THE CLUB'S POLICY IS TO RECORD INTEREST AND PENALTIES ON UNCERTAIN TAX PROVISIONS AS INCOME TAX EXPENSE. AS OF SEPTEMBER 30, 2023 AND 2022, THE CLUB HAD NO ACCRUED TAXES, INTEREST, OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ABLE TO VOTE AT THE ANNUAL MEETING IF THEY ARE IN ATTENDANCE. FIFTEEN DAYS PRIOR TO THE ANNUAL MEETING MEMBERS ARE PROVIDED THE NAMES OF THE BOARD MEMBERS TO BE ELECTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING. UPON APPROVAL THE FORM IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL INTERESTS ARE DISCLOSED WHEN MEMBERS ARE NEWLY ELECTED. THE POLICY IS MONITORED ANNUALLY AND DISCLOSED DURING ELECTION OF NEW TERM. FORM 990, PART VI, SECTION B, LINE 15 AN ANNUAL REVIEW AND APPROVAL OF COMPENSATION IS PERFORMED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. COMPENSATION IS EVALUATED AGAINST INDUSTRY ASSOCIATION DATA - CLUB MANAGERS ASSOCIATION OF AMERICA. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. BOARD MINUTES AND ANNUAL REPORTS ARE DISTRIBUTED TO MEMBERS. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT REGARDING THE REVIEW OF THE FINANCIAL STATEMENTS OF THE CLUB AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.