2025-02-26T07:46:54-06:00 2024-07-31 994260840 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-08-01 272620275 RACQUET UP DETROIT RACQ 3136009593 6530 W OUTER DRIVE DETROIT MI 48235 DEREK AGUIRRE PRESIDENT AND CEO 3136009593 2025-02-24 1 1 PATRICK D FUELLING CPA P00530005 2482443000 2025-02-24 2023 2025-03-06 01:10:19Z DEREK AGUIRRE 6530 W OUTER DRIVE DETROIT MI 48235 2540926 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 40 25 0 0 3873562 2423856 0 0 57957 61248 0 43057 3931519 2528161 3579433 233104 0 0 1178638 1185630 0 0 246943 750912 783813 5508983 2202547 -1577464 325614 12706522 14626108 111281 220940 12595241 14405168 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 1477933 233104 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. 1477933 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 1 0 0 0 0 1 1 1 1 0 1 13 0 1 40 1 0 0 0 0 0 0 0 0 1 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 ALEXIS DISHMAN DIRECTOR 1.00 X 0 0 0 CHRIS TERRY SECRETARY 1.00 X X 0 0 0 CRAIG HUPP DIRECTOR 1.00 X 0 0 0 DEREK AGUIRRE PRESIDENT 50.00 1.00 X X 179385 0 70509 DIMITRIUS HUTCHERSON VICE CHAIR 1.00 X X 0 0 0 ELHADJI MARE DIRECTOR 1.00 X 0 0 0 ELIZA GETZ DIRECTOR 1.00 X 0 0 0 EMILY CAMIENER DIRECTOR 1.00 X 0 0 0 GARY VAN ELSLANDER DIRECTOR 1.00 X 0 0 0 GENE LOVASCO DIRECTOR 1.00 X 0 0 0 JEFFREY M STAFEIL DIRECTOR 1.00 X 0 0 0 LINDA FORTE CHAIR 1.00 X X 0 0 0 MATT WALTERS DIRECTOR 1.00 X 0 0 0 OSCAR COBB JR DIRECTOR 1.00 X 0 0 0 PAUL FLANAGAN TREASURER 1.00 X X 0 0 0 RACHEAL ALLEN DIRECTOR 1.00 X 0 0 0 TOM POST DIRECTOR 1.00 X 0 0 0 WARREN MCALPINE DIRECTOR 1.00 X 0 0 0 179385 0 70509 1 0 1 0 0 2423856 87349 2423856 59415 59415 14598 12765 1833 1833 1833 MISCELLANEOUS INCOME 900099 25530 25530 EARNED REVENUE FACILIT 900099 17527 17527 43057 2528161 0 0 104305 208060 208060 25044 25044 249893 48275 107268 94350 795698 537733 174753 83212 19639 11007 4959 3673 44400 24884 11211 8305 76000 42595 19190 14215 14821 14821 46095 16385 21969 7741 28980 12632 8199 8149 10854 9769 1085 95444 85900 9544 31055 31055 3514 3514 217312 195581 21731 30642 30050 296 296 PROGRAM EXPENSES 143782 143782 SABATTICAL EXPENSES 38775 38775 BAD DEBT 35000 35000 COMMUNICATION AND EVENT 28879 1877 27002 58660 53304 5356 2202547 1477933 477671 246943 209363 303104 903367 418243 862627 767045 5471 8708 6499887 512024 5983114 5987863 1104179 2081178 3638401 5059967 12706522 14626108 89779 34975 85965 21502 100000 111281 220940 X 7745639 9345201 4849602 5059967 12595241 14405168 12706522 14626108 X 325614 51595 1432719 X 0 1 X 1 0 X 5337294 4153848 2266813 3873562 2423856 18055373 5337294 4153848 2266813 3873562 2423856 18055373 3185920 14869453 14232 2231 14429 58322 59415 148629 18204002 0.81680 0.78380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28748 45000 -3188 70560 944135 1212678 113215 2241280 28748 482524 570933 -109322 944135 354183 63322 83519 18500 482524 318033 37002 26083 26935 354183 0.00000 0.00000 0.00000 0 0 95538 95538 5862085 354146 5507939 111227 9807 101420 6794 2408 4386 424243 145663 278580 5987863 BENEFICIAL INTEREST IN NET ASSETS OF RACQUET UP DETROIT FOUNDATION 5059967 5059967 DEFERRED COMPENSATION 100000 100000 X 4012475 51595 1432719 1484314 2528161 0 2528161 2202548 0 2202548 0 2202548 PART X, LINE 2: THE ORGANIZATION HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE ("IRS") AS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION HAS BEEN CLASSIFIED BY THE IRS AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE ORGANIZATION'S MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN NET ASSETS OF RACQUET UP DETROIT 1 RACQUET UP DETROIT FOUNDATION 6530 WEST OUTER DRIVE DETROIT MI 482352705 883154267 501 (C) (3) 0 208060 N/A N/A FOR THE FOUNDATION TO COMMENCE PRINCIPAL OPERATIONS 1 SCHOLARSHIPS 6 25044 PART I: LINE 1 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 EMERITUS OF RACQUET 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 1 0 0 0 0 0 0 0 DEREK AGUIRRE PRESIDENT 160385 0 19000 0 0 0 50000 0 20509 0 249894 0 0 0 X 2 87349 FMV 0 0 0 FORM 990, PART III, LINE 4A, PROGRAM SERVICES ACCOMPLISHMENTS: KEY ACCOMPLISHMENTS FOR THIS PROGRAM INCLUDE THE FOLLOWING: - 100 PERCENT OF FIRST SEVEN COHORTS OF STUDENTS GRADUATED FROM HIGH SCHOOL - 100 PERCENT OF FIRST SEVEN COHORTS OF STUDENTS ADMITTED TO COLLEGE - SCHOOL ATTENDANCE RATE FOR RACQUET UP DETROIT PARTICIPANTS BEATS THE AVERAGE FOR DETROIT STUDENTS - HIGH SCHOOL GRADUATES ARE MORE THAN 2 TIMES AS LIKELY TO EARN A COLLEGE DEGREE WITHIN 6 YEARS OF HIGH SCHOOL COMPARED TO FIRST GENERATION, LOWER INCOME PEERS IN DETROIT - 30 STUDENT HAVE EARNED FULL SCHOLARSHIPS TO PRESTIGIOUS AND CHALLENGING ACADEMIC SUMMER PROGRAMS AT PHILLIPS EXETER ACADEMY, HOTCHKISS, LAWRENCEVILLE, CHOATE, AND TAFT SCHOOLS - OVER $250,000 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 YMCA CAMP OHIYESA AND NISSOKONE - 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 FORM 990, PART VI, SECTION B, LINE 11B PROIR 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 VALUE OF RUF 1,432,719. 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 RACQUET UP DETROIT 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RACQUET UP DETROIT FOUNDATION B 208060 FMV