Capitol Squash Inc
- Assets
- $2.9m
- Revenue
- $647.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Hartford, CT
- Founding
- 04/2011
- Data as of
- 06/2024
- 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 06/2024, Capitol Squash Inc employed 7 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 06/2024, Capitol Squash Inc generated $647.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $624.6k during the year ending 06/2024. While expenses have increased by 13.7% per year over the past 9 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
2024
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, 2024, CAPITOL SQUASH COMPLETED ITS TENTH YEAR OF PROGRAMMING. BASED AT TRINITY COLLEGE, THE PROGRAM PROVIDES INSTRUCTION IN SQUASH, ACADEMIC ENRICHMENT, AND COMMUNITY SERVICE OPPORTUNITIES. IN 2023-2024, CAPITOL SQUASH SERVED 58 STUDENTS IN THIRD GRADE THROUGH SECOND YEAR OF COLLEGE.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. CAPITOL SQUASH GRADUATED ITS THIRD CLASS OF HIGH SCHOOL SENIORS AND HAD ITS FIRST STUDENT GRADUATE AS SALUTATORIAN OF HIS CLASS. CAPITOL SQUASH STUDENTS HAVE MATRICULATED TO WESLEYAN UNIVERSITY, VASSAR COLLEGE, MOUNT HOLYOKE COLLEGE, CENTRAL CONNECTICUT STATE UNIVERSITY, UNIVERSITY OF CONNECTICUT, AND CAPITAL COMMUNITY COLLEGE. EXPENSES $362,954.
SQUASH COURT TIME DONATED BY TRINITY COLLEGE. APPROXIMATELY 34 WEEKS AT 31 HOURS PER WEEK WITH AN ESTIMATED VALUE OF $15,940.
LESS IN-KIND CONTRIBUTION OF FACILITES, NOT REPORTED IN EXPENSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meg Taylor Executive Dir. | Officer | 40 | $115,250 |
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 |
Wendy Barlett Director | Trustee | 0.5 | $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 | $576,017 |
| Noncash contributions included in lines 1a–1f | $39,777 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,017 |
| Total Program Service Revenue | $0 |
| Investment income | $78,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,793 |
| 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. | $115,250 |
| Compensation of current officers, directors, key employees. | $46,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,562 |
| Pension plan accruals and contributions | $12,025 |
| Other employee benefits | $72,254 |
| Payroll taxes | $32,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,751 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,116 |
| Advertising and promotion | $0 |
| Office expenses | $4,818 |
| Information technology | $960 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,280 |
| Insurance | $17,567 |
| All other expenses | $13,320 |
| Total functional expenses | $624,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,559 |
| Savings and temporary cash investments | $174,889 |
| Pledges and grants receivable | $325,074 |
| 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 | $13,248 |
| Net Land, buildings, and equipment | $2,712 |
| Investments—publicly traded securities | $2,300,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,869,710 |
| Accounts payable and accrued expenses | $3,184 |
| Grants payable | $0 |
| Deferred revenue | $23,500 |
| 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 | $90,093 |
| Total liabilities | $116,777 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,752,933 |
| 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 | $2,869,710 |