Civic Intelligence

Streetsquash Inc.

990 • Fiscal year 2015 • EIN 13-4061809

Sep 01, 2014 to Aug 31, 2015 • Filed on Jan 15, 2016

40 W 116 StreetNew York, NY 10026

(212) 289-4838

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$175,000

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

3rd percentile

-24%

Faster asset growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

67%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$14,777,787

Down $4,632,343 (-24%) from 2014

Net Assets

Up

$14,644,957

Up $1,875,466 (+15%) from 2014

Liabilities

Down

$132,830

Down $6,507,809 (-98%) from 2014

Revenue

Up

$4,522,612

Up $1,816,242 (+67%) from 2014

Expenses

Up

$2,665,327

Up $203,765 (+8.3%) from 2014

Net Income

Up

$1,857,285

Up $1,612,477 (+659%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $18,281,150Liabilities 2011: $6,577,185Net Assets 2011: $11,703,9652011Assets 2012: $18,562,809Liabilities 2012: $6,595,457Net Assets 2012: $11,967,3522012Assets 2013: $19,146,991Liabilities 2013: $6,641,752Net Assets 2013: $12,505,2392013Assets 2014: $19,410,130Liabilities 2014: $6,640,639Net Assets 2014: $12,769,4912014Assets 2015: $14,777,787Liabilities 2015: $132,830Net Assets 2015: $14,644,9572015Assets 2016: $14,963,668Liabilities 2016: $117,105Net Assets 2016: $14,846,5632016Assets 2017: $15,624,197Liabilities 2017: $156,814Net Assets 2017: $15,467,3832017Assets 2018: $16,015,672Liabilities 2018: $165,731Net Assets 2018: $15,849,9412018Assets 2019: $16,376,879Liabilities 2019: $216,850Net Assets 2019: $16,160,0292019Assets 2020: $16,318,527Liabilities 2020: $685,105Net Assets 2020: $15,633,4222020Assets 2021: $17,573,709Liabilities 2021: $256,952Net Assets 2021: $17,316,7572021Assets 2022: $16,153,358Liabilities 2022: $310,169Net Assets 2022: $15,843,1892022Assets 2023: $16,588,245Liabilities 2023: $324,479Net Assets 2023: $16,263,7662023Assets 2024: $17,421,842Liabilities 2024: $105,470Net Assets 2024: $17,316,3722024

Highlighted filing

2015

Assets$14,777,787
Liabilities$132,830
Net Assets$14,644,957

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,386,610Expenses 2011: $1,694,925Net Income 2011: $691,6852011Revenue 2012: $2,137,582Expenses 2012: $1,847,334Net Income 2012: $290,2482012Revenue 2013: $2,880,416Expenses 2013: $2,256,742Net Income 2013: $623,6742013Revenue 2014: $2,706,370Expenses 2014: $2,461,562Net Income 2014: $244,8082014Revenue 2015: $4,522,612Expenses 2015: $2,665,327Net Income 2015: $1,857,2852015Revenue 2016: $3,070,426Expenses 2016: $3,083,946Net Income 2016: -$13,5202016Revenue 2017: $3,635,371Expenses 2017: $3,317,713Net Income 2017: $317,6582017Revenue 2018: $3,714,641Expenses 2018: $3,730,335Net Income 2018: -$15,6942018Revenue 2019: $4,630,536Expenses 2019: $4,414,863Net Income 2019: $215,6732019Revenue 2020: $2,623,939Expenses 2020: $3,853,550Net Income 2020: -$1,229,6112020Revenue 2021: $3,349,109Expenses 2021: $2,842,851Net Income 2021: $506,2582021Revenue 2022: $3,219,135Expenses 2022: $3,137,544Net Income 2022: $81,5912022Revenue 2023: $2,308,133Expenses 2023: $3,548,284Net Income 2023: -$1,240,1512023Revenue 2024: $4,596,756Expenses 2024: $4,190,583Net Income 2024: $406,1732024

Highlighted filing

2015

Revenue$4,522,612
Expenses$2,665,327
Net Income$1,857,285
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 15, 2016
Return Version
2014v6.0
Gross Receipts
$9,559,110
Mission and Program Overview

Mission

Streetsquash's mission is to provide consistent, long term and reliable support to the children, families, and schools in harlem. By exposing these children to a broad range of experiences and by maintaining the highest standards, streetsquash aims to help each child realize his or her academic and personal potential. During the summer of 2012, streetsquash opened another center serving newark, new jersey.

To operate an urban youth enrichment program with academic skills, mentoring and instruction in the game of squash.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,931,865$7,741,095▼ $190,770
Investments Other Securities$10,188,749$6,186,372▼ $4,002,377
Cash and Non-Interest-Bearing Accounts$638,524$448,189▼ $190,335
Savings and Temporary Cash Investments$567,826$319,032▼ $248,794
Prepaid Expenses and Deferred Charges$2,800$5,039▲ $2,239
Intangible Assets$2,306$0▼ $2,306
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$19,410,130$14,777,787▼ $4,632,343
Other Assets Total$78,060$78,060→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,511,146$0▼ $6,511,146
Unsecured Notes Loans Payable$33,598$72,062▲ $38,464
Other Liabilities$66,223$0▼ $66,223
Accounts Payable and Accrued Expenses$29,672$60,768▲ $31,096
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,640,639$132,830▼ $6,507,809
Net Assets / Fund Balance
Unrestricted Net Assets$12,619,491$14,569,957▲ $1,950,466
Permanently Rstr Net Assets$75,000$75,000→ $0
Temporarily Rstr Net Assets$75,000$0▼ $75,000
Total Net Assets Fund Balance$12,769,491$14,644,957▲ $1,875,466
Total Liabilities and Net Assets / Fund Balance$19,410,130$14,777,787▼ $4,632,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,600,476$1,614,607$9,215,083
Other Land Buildings$117,047$56,024$173,071
Equipment$23,572$83,342$106,914
Leasehold Improvements-$21,150$21,150
Other Securities$1,050,245--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$75,000---$75,000
2013$75,000---$75,000
2012$75,000---$75,000
2011$75,000---$75,000
2010$75,000---$75,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
George PolskyExecutive DirectorFT$175,000$175,000
Leah BrownExecutive DirectorFT$45,500$45,500

Board Members and Trustees

NameTitle
Steve L GreenChairman & CEO
Geoffrey MitchellChairman - Newark
Mitch TruwitChairman of the Board
Leslie M KimerlingPresident
William R Cline JrPresident & CEO
Harry CurtisCFA/ Managing Director
Frank StellaDirector
Richard ChinDirector
Bruce HartmanDirectors
Andrew FinkManaging Director
Eddie FishmanManaging Director
Eric D MullerManaging Director
Linda RobinsonSenior Managing Director
Helen VeraAttorney
Edward L Shugrue IiiCEO
Jonathan BergerCIO
Adam EdwardsFinance Manager
Avanish BhavsarPartner
Jeffrey HorwitzPartner
Michael MaronePartner
Rodd EvonskyTreasurer
Robert WesselTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,935,389
Program Service Revenue
$52,250
Investment Income
$34,865
Other Revenue
$1,500,108
All Other Contributions
$2,935,389
Change in Net Assets
$1,857,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,522,612
Revenue Not Reported on Form 990
$18,181
Total Revenue per Audited Statements
$4,540,793
Total Revenue per Form 990
$4,522,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,464,095
Other Expenses$1,201,232
Total Fundraising Expense$92,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$936,670$59,999-$996,669
All Other Expenses$283,453$104,619-$388,072
Depreciation Depletion$250,566$12,111-$262,677
Current Officers, Directors, Trustees, and Key Employees$110,250$110,250-$220,500
Office Expenses-$175,618-$175,618
Other Employee Benefits$90,747$45,207-$135,954
Payroll Taxes$95,499$15,473-$110,972
Travel$108,191--$108,191
Interest-$49,821-$49,821
Other Expenses$34,672$2,223$92,198$34,672
Fees for Services Accounting-$18,450-$18,450
Insurance-$9,488-$9,488
Occupancy-$195-$195
Total Functional Expenses$1,969,675$603,454$92,198$2,665,327

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,665,327
Total Expenses per Audited Statements$2,665,327
Total Expenses per Form 990$2,665,327
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION , LINE 11A:

A draft form 990 is presented to the executive director, who reviews the 990 with the board prior to submission.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's documents are available for inspection at the organization's address by written request.

Filing and Contact Details

Filer

Filer Name
StreetSquash Inc
EIN
13-4061809
In Care Of
% GEORGE POLSKY
Phone
2122894838
Address
40 W 116 STREET, NEW YORK, NY 10026

Signing Officer

Name
George Polsky
Title
Executive Director
Signed
2016-01-15

Organization Details

Principal Officer
George Polsky
Formed
1998
Legal Domicile
Ny
Voting Board Members
26
Independent Board Members
25
Employees
32
Volunteers
150

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Alfred Erdmann CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 5, CHANGES IN NET ASSETS:

CHANGES IN NET ASSETS

FORM 990, PART XI, LINE 2C:

Financial statements and reporting the oversight process has not changed from the prior year.

Form 990 Part IX Line 24 - Other Expenses

Description:summer program total expenses:61772 program services:61772

Form 990 Part IX Line 24 - Other Expenses

Description:equipment total expenses:23997 program services:23997

Form 990 Part IX Line 24 - Other Expenses

Description:repairs total expenses:17185 management and general:17185

Form 990 Part IX Line 24 - Other Expenses

Description:academic materials total expenses:23311 program services:23311

Form 990 Part IX Line 24 - Other Expenses

Description:outings & other events total expenses:43579 program services:43579

Form 990 Part IX Line 24 - Other Expenses

Description:payroll service costs total expenses:16339 management and general:16339

Form 990 Part IX Line 24 - Other Expenses

Description:refreshments total expenses:64440 program services:64440

Form 990 Part IX Line 24 - Other Expenses

Description:condominium charges total expenses:54357 program services:51825 management and general:2532

Form 990 Part IX Line 24 - Other Expenses

Description:office rent total expenses:26316 management and general:26316

Form 990 Part IX Line 24 - Other Expenses

Description:other program expenses total expenses:56776 program services:14529 management and general:42247

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt10MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PARTNER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIRMAN - NEWARK
IRS990/Form990PartVIISectionAGrp/TitleTxt16FINANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTORS
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRESURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21PARTNER
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$0.11$17.3$4.60$4.19$0.41
2023Summary only. Only limited summary data is available for this year.$16.6$0.32$16.3$2.31$3.55$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$0.31$15.8$3.22$3.14$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$0.26$17.3$3.35$2.84$0.51
2020Summary only. Only limited summary data is available for this year.$16.3$0.69$15.6$2.62$3.85$1.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.22$16.2$4.63$4.41$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$0.17$15.8$3.71$3.73$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$0.16$15.5$3.64$3.32$0.32
2016Detailed filing. Detailed filing data is available for this year.$15.0$0.12$14.8$3.07$3.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$14.8$0.13$14.6$4.52$2.67$1.86
2014Detailed filing. Detailed filing data is available for this year.$19.4$6.64$12.8$2.71$2.46$0.24
2013Summary only. Only limited summary data is available for this year.$19.1$6.64$12.5$2.88$2.26$0.62
2012Summary only. Only limited summary data is available for this year.$18.6$6.60$12.0$2.14$1.85$0.29
2011Summary only. Only limited summary data is available for this year.$18.3$6.58$11.7$2.39$1.69$0.69
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits