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Nonprofiteer
← RACQUET UP DETROIT

Form 990 for tax year 2022

Filed by RACQUET UP DETROIT.

Totals

Total revenue
$3,931,519
Total expenses
$5,508,983
Contributions and grants received
$3,873,562
Grants paid
$3,579,433
Program service revenue
$0
Investment income
$57,957
Other revenue
$0
Total assets, end of year
$12,706,522
Total liabilities, end of year
$111,281
Net assets or fund balances, end of year
$12,595,241
Program services expenses (Part IX)
$4,900,419
Management and general expenses
$262,603
Fundraising expenses
$345,961
Program service expenses (Part III)
$4,900,419

Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,873,562

  • 3 · Investment income

    total $58,322 · excluded $58,322

  • 7a · Gross sales of assets other than inventory

    securities $42,733

  • 7b · Less cost or other basis and sales expenses

    securities $42,349 · other assets $749

  • 7c · Gain or loss

    securities $384 · other assets -$749

  • 7d · Net gain or loss

    total -$365 · excluded -$365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,555,683 · program services $3,555,683

  • 2 · Grants to domestic individuals

    total $23,750 · program services $23,750

  • 5 · Compensation of officers, directors and key employees

    total $237,677 · program services $35,651 · management and general $106,955 · fundraising $95,071

  • 7 · Other salaries and wages

    total $781,551 · program services $579,404 · management and general $79,785 · fundraising $122,362

  • 8 · Pension plan contributions

    total $17,482 · program services $10,550 · management and general $3,203 · fundraising $3,729

  • 9 · Other employee benefits

    total $64,112 · program services $38,688 · management and general $11,747 · fundraising $13,677

  • 10 · Payroll taxes

    total $77,816 · program services $46,958 · management and general $14,257 · fundraising $16,601

  • 11c · Fees: accounting

    total $13,100 · management and general $13,100

  • 11g · Fees: other

    total $26,135 · management and general $5,733 · fundraising $20,402

  • 13 · Office expenses

    total $32,611 · program services $17,936 · management and general $1,631 · fundraising $13,044

  • 14 · Information technology

    total $10,045 · program services $2,009 · management and general $2,009 · fundraising $6,027

  • 16 · Occupancy

    total $66,031 · program services $59,427 · management and general $3,302 · fundraising $3,302

  • 17 · Travel

    total $16,838 · program services $16,838

  • 22 · Depreciation, depletion and amortization

    total $207,125 · program services $207,125

  • 23 · Insurance

    total $30,274 · program services $28,760 · management and general $757 · fundraising $757

  • 24a · Other expenses: PROGRAM EXPENSES

    total $166,390 · program services $166,390

  • 24b · Other expenses: EQUIPMENT CHARGES

    total $91,095 · program services $72,877 · management and general $9,109 · fundraising $9,109

  • 24c · Other expenses: COMMUNICATIONS

    total $46,760 · program services $6,385 · management and general $4,755 · fundraising $35,620

  • 24d · Other expenses: LICENSES AND FEES

    total $10,316 · management and general $5,158 · fundraising $5,158

  • 24e · All other expenses

    total $34,192 · program services $31,988 · management and general $1,102 · fundraising $1,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,358,311 · end of year $209,363

  • 2 · Savings and temporary cash investments

    beginning of year $544,627 · end of year $903,367

  • 3 · Pledges and grants receivable

    beginning of year $1,175,765 · end of year $862,627

  • 4 · Accounts receivable

    beginning of year $52,531

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,089 · end of year $5,471

  • 10a · Land, buildings and equipment: cost or other basis

    $6,277,826

  • 10b · Land, buildings and equipment: accumulated depreciation

    $294,712

  • 10c · Land, buildings and equipment, net

    beginning of year $6,171,633 · end of year $5,983,114

  • 11 · Investments: publicly traded securities

    beginning of year $1,361,999 · end of year $1,104,179

  • 15 · Other assets

    beginning of year $4,740 · end of year $3,638,401

  • 17 · Accounts payable and accrued expenses

    beginning of year $229,201 · end of year $89,779

  • 25 · Other liabilities

    beginning of year $0 · end of year $21,502

  • 27 · Net assets without donor restrictions

    beginning of year $8,468,367 · end of year $7,745,639

  • 28 · Net assets with donor restrictions

    beginning of year $1,979,127 · end of year $4,849,602

Mission and programs · 2022

Mission

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.

  • 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

    Expenses $4,900,419 · Grants $3,579,433

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Aguirre

    PRESIDENT AND C.E.O.

    Total calculated
    $237,677
    From this org
    $171,700
    From related orgs
    $0
    Other
    $65,977
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $149,700
    Bonus
    $22,000
    Other
    $0
    Deferred
    $50,000
    Nontaxable benefits
    $15,977
    Filer's total
    $237,677

  • George A Haggarty

    CHAIR

    Total calculated
    $0
    Hours/week
    15 + 1 related

  • Frank Roney

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Flanagan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Craig Hupp

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Emily Camiener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oscar Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexis Dishman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Forte

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eliza Getz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dimitrius Hutcherson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eugene Lovasco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Macvoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elhadji Mare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Warren McAlpine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Pontes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Stafeil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Van Elslander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2024
IRS schema version
2022v5.0
Source object
202421659349301322

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