Squash Smarts Inc
- Assets
- $3.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Philadelphia, PA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 23-3060172
Organization Overview
Squash Smarts Inc is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Squash Smarts Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Squash Smarts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Squash Smarts Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 16.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SQUASHSMARTS PROVIDES FREE OUT-OF-SCHOOL PROGRAMS WITH A PROVEN TRACK RECORD OF KEEPING KIDS IN SCHOOL, IN SHAPE, AND ON TRACK FOR GRADUATION. IN 2022, SQUASHSMARTS PROVIDED 291 INSTRUCTIONAL SESSIONS TO 581 YOUTH AND GRADUATES OF PHILADELPHIA PUBLIC SCHOOLS (INCLUDING 100 ALUMNI, 155 CORE PROGRAMS STUDENTS, AND 326 COMMUNITY PROGRAM STUDENTS). SQUASHSMARTS HAD ITS LARGEST GRADUATING CLASS OF TWENTY HIGH SCHOOL SENIORS WHO COLLECTIVELY EARNED $598,771 IN FEDERAL, STATE, INSTITUTIONAL, AND PRIVATE AID (INCLUDING 5 FULL FOUR-YEAR SCHOLARSHIPS WITH NO LOANS; 7 FINANCIAL AID GAPS OF LESS THAN $3,000; AND 94% OF TUITION/ROOM AND BOARD EXPENSES COVERED). SQUASHSMARTS STUDENTS COMPETED IN EIGHT US SQUASH TOURNAMENTS WITH 3 STUDENTS SELECTED TO THE SEA NATIONAL HIGH PERFORMANCE TRAINING SQUAD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Gregg Executive Director | Trustee | 40 | $118,004 |
Francis Devine Treasurer | OfficerTrustee | 2 | $0 |
James Losty Vice President | OfficerTrustee | 2 | $0 |
Andrew Nehrbas President | OfficerTrustee | 2 | $0 |
Molly Pierce Secretary | OfficerTrustee | 2 | $0 |
Jeffrey Beck Board Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,343 |
| Related organizations | $0 |
| Government grants | $350,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,665,387 |
| Noncash contributions included in lines 1a–1f | $264,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,041,730 |
| Total Program Service Revenue | $15,801 |
| Investment income | $56,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,314,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,583 |
| Compensation of current officers, directors, key employees. | $12,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $936,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,416 |
| Payroll taxes | $84,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,131 |
| Advertising and promotion | $0 |
| Office expenses | $53,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $652 |
| Insurance | $27,811 |
| All other expenses | $6,689 |
| Total functional expenses | $1,688,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $874,352 |
| Pledges and grants receivable | $361,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,747 |
| Net Land, buildings, and equipment | $9,127 |
| Investments—publicly traded securities | $2,068,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,340,634 |
| Accounts payable and accrued expenses | $11,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,000 |
| Net assets without donor restrictions | $3,092,234 |
| Net assets with donor restrictions | $237,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,340,634 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Squash Smarts Inc has recieved totaling $139,756.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: YOUTH LEADERSHIP DEVELOPMENT | $30,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $21,750 |
Syde Hurdus Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE | $20,000 |
Grace S & W Linton Nelson Foundation Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Angelakis Charitable Foundation Bryn Mawr, PA PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Maverick Capital Foundation Dallas, TX PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $2,428,625 |
| Earnings | -$356,010 |
| Net Contributions | $100,000 |
| Other Expense | $48,000 |
| Ending Balance | $2,124,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |