City Squash Inc
- Assets
- $16.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Bronx, NY
- Founding
- 06/2002
- Data as of
- 08/2023
- EIN
- 42-1535583
Organization Overview
City Squash Inc is located in Bronx, NY. The organization was established in 2002. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, City Squash Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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 08/2023, City Squash Inc generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $1.8m during the year ending 08/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CITY SQUASH IS A YEAR-ROUND COMMITMENT THAT INCLUDES SQUASH, TUTORING, MENTORING, COMMUNITY SERVICE, TRAVEL, CULTURE, HIGH SCHOOL PLACEMENT, EMPLOYMENT TRAINING AND COLLEGE PREP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY SQUASH WORKS WITH THIRD GRADE THROUGH HIGH SCHOOL STUDENTS IN THE BRONX ON A YEAR-ROUND BASIS, PROVIDING THEM WITH ACADEMIC TUTORING, SQUASH INSTRUCTION, COMMUNITY SERVICE, AND MENTORING.
CITY SQUASH WORKS WITH THIRD GRADE THROUGH HIGH SCHOOL STUDENTS IN BROOKLYN ON A YEAR-ROUND BASIS, PROVIDING THEM WITH ACADEMIC TUTORING, SQUASH INSTRUCTION, COMMUNITY SERVICE, AND MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence Li Executive Director | Officer | 40 | $183,694 |
Michael Luskin Director | Trustee | 5 | $0 |
David Ganek Director | Trustee | 5 | $0 |
Gerry Murray Chairman | OfficerTrustee | 10 | $0 |
Brian Walsh Director | Trustee | 5 | $0 |
Julia Pershan Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $930,366 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,869,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,800,219 |
| Total Program Service Revenue | $0 |
| Investment income | $140,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,943,966 |
| 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. | $166,732 |
| Compensation of current officers, directors, key employees. | $83,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $752,132 |
| Pension plan accruals and contributions | $16,362 |
| Other employee benefits | $129,637 |
| Payroll taxes | $124,731 |
| Fees for services: Management | $22,453 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,060 |
| Travel | $88,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,539 |
| Insurance | $10,043 |
| All other expenses | $106,826 |
| Total functional expenses | $1,823,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,872,648 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,724,360 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,168,130 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,493 |
| Net Land, buildings, and equipment | $450,972 |
| Investments—publicly traded securities | $239,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,635 |
| Total assets | $16,707,187 |
| Accounts payable and accrued expenses | $164,075 |
| 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 | $4,679,457 |
| Other liabilities | $229,522 |
| Total liabilities | $5,073,054 |
| Net assets without donor restrictions | $7,208,812 |
| Net assets with donor restrictions | $4,425,321 |
| 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 | $16,707,187 |