Capitol Squash Inc
- Assets
- $2.4m
- Revenue
- $828.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Hartford, CT
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-2791355
Organization Overview
Capitol Squash Inc is located in Hartford, CT. The organization was established in 2011. 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, Capitol Squash Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Squash 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, Capitol Squash Inc generated $828.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $406.3k during the year ending 06/2022. While expenses have increased by 10.9% 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
TO EMPOWER THE YOUTH OF HARTFORD TO REACH THEIR POTENTIAL AS ATHLETES, SCHOLARS, AND ENGAGED CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUIDED BY AN INCH WIDE, MILE DEEP PHILOSOPHY OF YOUTH PROGRAMMING, CAPITOL SQUASH BEGINS WORKING WITH STUDENTS IN ELEMENTARY SCHOOL AND ENGAGES THEM IN INTENSIVE, YEAR-ROUND PROGRAMMING THROUGH HIGH SCHOOL AND COLLEGE. DURING THE FISCAL YEAR ENDED JUNE 30, 2022, CAPITOL SQUASH COMPLETED ITS EIGHTH YEAR OF PROGRAMMING. THE PROGRAM PROVIDES INSTRUCTION IN SQUASH, ACADEMIC ENRICHMENT, AND COMMUNITY SERVICE OPPORTUNITIES. IN 2022, CAPITOL SQUASH SERVED 47 STUDENTS IN GRADES FIVE THROUGH TWELVE. BEGINNING IN ELEMENTARY SCHOOL AND EXTENDING THROUGH HIGH SCHOOL GRADUATION, EACH CAPITOL SQUASH STUDENT HAS A MINIMUM OF THREE AFTERNOON PRACTICES A WEEK WITH ONE HOUR OF SQUASH AND ONE HOUR OF ACADEMIC TUTORING. OVER THE COURSE OF THE REGULAR SCHOOL YEAR, OUR STUDENTS RECEIVE MORE THAN 100 HOURS OF SUPERVISED ACADEMIC INSTRUCTION AND MORE THAN 100 HOURS OF SUPERVISED SQUASH INSTRUCTION.DURING THE 2021-2022 SCHOOL YEAR, SEVEN STUDENTS ATTENDED PRIVATE BOARDING SCHOOL AND ONE STUDENT WAS ACCEPTED INTO BOARDING SCHOOL FOR THE START OF THE 2022-2023 SCHOOL YEAR. CAPITOL SQUASH GRADUATED ITS FIRST CLASS OF HIGH SCHOOL SENIORS WITH MATRICULATING INTO POST-SECONDARY SCHOOLS INCLUDING: VASSAR COLLEGE, WESLEYAN UNIVERSITY, CLARK UNIVERSITY, MOUNT HOLYOKE COLLEGE, CAPITAL COMMUNITY COLLEGE, AND UNIVERSITY OF CONNECTICUT.EXPENSES $258,330.
SQUASH COURT TIME DONATED BY TRINITY COLLEGE. APPROXIMATELY 27 WEEKS AT 45 HOURS PER WEEK WITH AN ESTIMATED VALUE OF $18,225.
LESS IN-KIND CONTRIBUTION OF FACILITES, NOT REPORTED IN EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meg Taylor Executive Dir. | Officer | 40 | $100,000 |
Walter Harrison Chairman | OfficerTrustee | 3 | $0 |
John Byrnes Vice Chairman | OfficerTrustee | 1 | $0 |
Edward Whittemore Secretary | OfficerTrustee | 2 | $0 |
George Mayer Treasurer | OfficerTrustee | 2 | $0 |
Joe Fowler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,684 |
| Noncash contributions included in lines 1a–1f | $32,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,684 |
| Total Program Service Revenue | $0 |
| Investment income | $22,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,706 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,533 |
| Pension plan accruals and contributions | $6,946 |
| Other employee benefits | $14,748 |
| Payroll taxes | $19,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,891 |
| Advertising and promotion | $0 |
| Office expenses | $4,389 |
| Information technology | $4,308 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,111 |
| Insurance | $15,006 |
| All other expenses | $1,931 |
| Total functional expenses | $406,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $474,630 |
| 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 | $3,914 |
| Net Land, buildings, and equipment | $12,806 |
| Investments—publicly traded securities | $1,657,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,394,448 |
| Accounts payable and accrued expenses | $12,293 |
| 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 | $11,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,623 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,370,825 |
| 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 | $2,394,448 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Capitol Squash Inc has recieved totaling $67,846.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,335 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,500 |
Byer Family Foundation Boca Raton, FL PURPOSE: SUPPORT | $10,000 |
Nyce Family Foundation Dated June 52007 Center Harbor, NH PURPOSE: YOUTH DEVELOPMENT | $5,000 |
Demattia Charitable Foundation Fairfield, CT PURPOSE: GENERAL OPERATING | $2,500 |
John And Kelly Hartman Foundation West Hartford, CT PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |