Olde Providence Racquet Club

Charlotte, NC
Tax-exempt since Sept. 1965
EIN: 56-0788165

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Donations to this organization are not tax deductible.

Revenue

$2.51M (2023)

Expenses

$2.51M (2023)

Total Assets

$6.62M (2023)

Total Liabilities

$1.75M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Revenue

$2,510,943

Expenses

$2,506,757

Net Income

$4,186

Net Assets

$4,870,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,039,615	81.2%
Program Services	$0
Investment Income	$61,790	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$30,175	1.2%
Other Revenue	$379,363	15.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$220,600	8.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,618,412
Total Liabilities	$1,748,234
Net Assets	$4,870,178

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$32,688

Compensation

Key Employees and Officers	Compensation	Related	Other
John Sullivan (General Manager)	$220,600	$0	$0
Kathleen Dean (President)	$0	$0	$0
Zach Cardais (Vice Pres.)	$0	$0	$0
John England (Treasurer)	$0	$0	$0
Suzanne Johnson (Secretary)	$0	$0	$0
Brian Zapata (Committee Chair)	$0	$0	$0
Rob Haywood (Committee Chair)	$0	$0	$0
Richard Merino (Committee Chair)	$0	$0	$0
Ravi Mujumdar (Committee Chair)	$0	$0	$0
Amanda Jeter (Committee Chair)	$0	$0	$0
Dr Kevin Soden (Committee Chair)	$0	$0	$0
Christi Hart (Committee Chair)	$0	$0	$0
Alison Homan (Committee Chair)	$0	$0	$0
Paul Vadnais (Committee Chair)	$0	$0	$0

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990

Filed on Jan. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2022

Revenue

$2,367,275

Expenses

$2,228,835

Net Income

$138,440

Net Assets

$4,520,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,017,136	85.2%
Program Services	$0
Investment Income	$4,155	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$2,038
Net Inventory Sales	$58,832	2.5%
Other Revenue	$289,190	12.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$153,600	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$584,483	26.2%

Assets/Debt
Total Assets	$6,436,877
Total Liabilities	$1,916,343
Net Assets	$4,520,534

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$17,670

Compensation

Key Employees and Officers	Compensation	Related	Other
John Sullivan (General Manager)	$153,000	$0	$0
Paul Vadnais (President)	$0	$0	$0
Kathleen Dean (Vice Pres.)	$0	$0	$0
John England (Treasurer)	$0	$0	$0
Arlene Conger (Secretary)	$0	$0	$0
Brian Zapata (Committee Chair)	$0	$0	$0
Zach Cardais (Committee Chair)	$0	$0	$0
Richard Merino (Committee Chair)	$0	$0	$0
Greg Artzt (Committee Chair)	$0	$0	$0
Amanda Jeter (Committee Chair)	$0	$0	$0
Dr Kevin Soden (Committee Chair)	$0	$0	$0
Dave Wegerek (Committee Chair)	$0	$0	$0
Suzanne Johnson (Committee Chair)	$0	$0	$0
Aimee Norris (Committee Chair)	$0	$0	$0

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990

Filed on Jan. 20, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2021

Revenue

$2,273,943

Expenses

$2,069,676

Net Income

$204,267

Net Assets

$4,132,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,962,830	86.3%
Program Services	$0
Investment Income	$155	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$58,865	2.6%
Other Revenue	$252,093	11.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$136,209	6.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$512,601	24.8%

Assets/Debt
Total Assets	$6,237,149
Total Liabilities	$2,104,782
Net Assets	$4,132,367

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$12,775

Compensation

Key Employees and Officers	Compensation	Related	Other
John Sullivan (General Manager)	$136,209	$0	$0
Aimee Norris (President)	$0	$0	$0
Paul Vadnais (Vice Pres.)	$0	$0	$0
John England (Treasurer)	$0	$0	$0
Arlene Conger (Secretary)	$0	$0	$0
Kathleen Dean (Committee Chair)	$0	$0	$0
Brian Zapata (Committee Chair)	$0	$0	$0
Steve Kennen (Committee Chair)	$0	$0	$0
Chuck Reiney (Committee Chair)	$0	$0	$0
Greg Artzt (Committee Chair)	$0	$0	$0
Andy Michael (Committee Chair)	$0	$0	$0
Hunter Quick (Committee Chair)	$0	$0	$0
Dave Wegerek (Committee Chair)	$0	$0	$0
Suzanne Johnson (Committee Chair)	$0	$0	$0

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990

Filed on Feb. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2020

Revenue

$2,104,307

Expenses

$2,189,006

Net Income

-$84,699

Net Assets

$3,501,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,849,311	87.9%
Program Services	$0
Investment Income	$6,468	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$42,469	2.0%
Other Revenue	$206,059	9.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,446	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$687,534	31.4%

Assets/Debt
Total Assets	$5,968,780
Total Liabilities	$2,467,401
Net Assets	$3,501,379

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$18,470

Compensation

Key Employees and Officers	Compensation	Related	Other
John Sullivan (General Manager)	$140,446	$0	$0
John Meyer (Director Of Tennis)	$126,436	$0	$0
Chuck Rainey (President)	$0	$0	$0
Aimee Norris (Vice Pres.)	$0	$0	$0
David Stern (Treasurer)	$0	$0	$0
Andy Michael (Secretary)	$0	$0	$0

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990

Filed on Oct. 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2019

Revenue

$2,340,409

Expenses

$2,416,987

Net Income

-$76,578

Net Assets

$3,322,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,878,155	80.2%
Program Services	$0
Investment Income	$15,329	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$90,108	3.9%
Other Revenue	$356,817	15.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$118,243	4.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$827,672	34.2%

Assets/Debt
Total Assets	$5,891,720
Total Liabilities	$2,568,818
Net Assets	$3,322,902

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$141,965

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Sept.
2018

Revenue

$2,197,237

Expenses

$2,096,662

Net Income

$100,575

Net Assets

$3,161,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,850,643	84.2%
Program Services	$0
Investment Income	$5,536	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$93,992	4.3%
Other Revenue	$247,066	11.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$149,000	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,221,919
Total Liabilities	$3,060,233
Net Assets	$3,161,686

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$131,387

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2017

Revenue

$2,128,137

Expenses

$2,111,929

Net Income

$16,208

Net Assets

$2,740,965

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,734,008	81.5%
Program Services	$0
Investment Income	$159	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$87,746	4.1%
Other Revenue	$306,224	14.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$127,189	6.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,877,138
Total Liabilities	$3,136,173
Net Assets	$2,740,965

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$173,449

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2016

Revenue

$1,995,207

Expenses

$2,036,065

Net Income

-$40,858

Net Assets

$2,409,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,683,226	84.4%
Program Services	$0
Investment Income	$566	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$66,422	3.3%
Other Revenue	$244,993	12.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$126,831	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,751,140
Total Liabilities	$3,341,229
Net Assets	$2,409,911

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$169,689

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2015

Revenue

$2,058,235

Expenses

$2,121,341

Net Income

-$63,106

Net Assets

$2,183,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,610,920	78.3%
Program Services	$0
Investment Income	$5,422	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$74,073	3.6%
Other Revenue	$367,820	17.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$89,041	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,735,539
Total Liabilities	$3,551,657
Net Assets	$2,183,882

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$175,264

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Revenue

$1,873,454

Expenses

$1,998,192

Net Income

-$124,738

Net Assets

$1,976,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,492,642	79.7%
Program Services	$0
Investment Income	$1,431	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$65,297	3.5%
Other Revenue	$314,084	16.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$93,821	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$603,874	30.2%

Assets/Debt
Total Assets	$5,678,977
Total Liabilities	$3,702,607
Net Assets	$1,976,370

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$203,055

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$1,693,915

Expenses

$1,878,512

Net Income

-$184,597

Net Assets

$1,804,235

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,316,147	77.7%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$69,421	4.1%
Other Revenue	$308,347	18.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$127,691	6.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$620,401	33.0%

Assets/Debt
Total Assets	$5,630,091
Total Liabilities	$3,825,856
Net Assets	$1,804,235

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$198,218

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$1,617,086

Expenses

$2,410,933

Net Income

-$793,847

Net Assets

$1,329,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,291,084	79.8%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$79,513	4.9%
Other Revenue	$246,489	15.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$119,574	5.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$560,467	23.2%

Assets/Debt
Total Assets	$5,151,818
Total Liabilities	$3,822,621
Net Assets	$1,329,197

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$202,305

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$1,570,698

Expenses

$1,910,464

Net Income

-$339,766

Net Assets

$1,385,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,224,141	77.9%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$81,004	5.2%
Other Revenue	$265,553	16.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$135,990	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$528,629	27.7%

Assets/Debt
Total Assets	$5,343,038
Total Liabilities	$3,957,457
Net Assets	$1,385,581

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$183,670

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated December 20, 2024

Olde Providence Racquet Club

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.51M (2023)

Expenses $2.51M (2023)

Total Assets $6.62M (2023)

Total Liabilities $1.75M (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2010

No Extracted Financial Data

Revenue

$2.51M (2023)

Expenses

$2.51M (2023)

Total Assets

$6.62M (2023)

Total Liabilities

$1.75M (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005