Civic Intelligence

City Squash Inc.

990 • Fiscal year 2019 • EIN 42-1535583

Sep 01, 2018 to Aug 31, 2019 • Filed on Nov 01, 2019

PO Box 619 Fordham StationBronx, NY 10458

(718) 220-7400

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$142,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

86th percentile

25%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

72%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$5,409,962

Flat from 2019

Net Assets

Flat

$5,322,989

Flat from 2019

Liabilities

Flat

$86,973

Flat from 2019

Revenue

Flat

$3,059,172

Flat from 2019

Expenses

Flat

$1,921,473

Flat from 2019

Net Income

Flat

$1,137,699

Flat from 2019

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 2010: $2,638,614Liabilities 2010: $148,822Net Assets 2010: $2,489,7922010Assets 2011: $3,207,193Liabilities 2011: $37,698Net Assets 2011: $3,169,4952011Assets 2012: $3,210,706Liabilities 2012: $27,463Net Assets 2012: $3,183,2432012Assets 2013: $3,520,645Liabilities 2013: $32,926Net Assets 2013: $3,487,7192013Assets 2014: $3,782,972Liabilities 2014: $33,315Net Assets 2014: $3,749,6572014Assets 2015: $4,505,707Liabilities 2015: $44,678Net Assets 2015: $4,461,0292015Assets 2016: $4,436,639Liabilities 2016: $67,201Net Assets 2016: $4,369,4382016Assets 2017: $4,265,013Liabilities 2017: $69,567Net Assets 2017: $4,195,4462017Assets 2018: $4,319,933Liabilities 2018: $72,229Net Assets 2018: $4,247,7042018Assets 2019: $5,409,962Liabilities 2019: $86,973Net Assets 2019: $5,322,9892019Assets 2019: $5,409,962Liabilities 2019: $86,973Net Assets 2019: $5,322,9892019Assets 2020: $5,499,199Liabilities 2020: $271,204Net Assets 2020: $5,227,9952020Assets 2021: $6,048,069Liabilities 2021: $274,486Net Assets 2021: $5,773,5832021Assets 2022: $6,666,385Liabilities 2022: $125,798Net Assets 2022: $6,540,5872022Assets 2023: $16,707,187Liabilities 2023: $5,073,054Net Assets 2023: $11,634,1332023Assets 2024: $15,940,346Liabilities 2024: $3,777,445Net Assets 2024: $12,162,9012024

Highlighted filing

2019

Assets$5,409,962
Liabilities$86,973
Net Assets$5,322,989

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $914,1712010Revenue 2011: $1,751,053Expenses 2011: $1,071,350Net Income 2011: $679,7032011Expenses 2012: $1,147,3632012Expenses 2013: $1,129,8532013Revenue 2014: $1,488,460Expenses 2014: $1,226,522Net Income 2014: $261,9382014Revenue 2015: $1,545,981Expenses 2015: $1,391,901Net Income 2015: $154,0802015Revenue 2016: $1,393,427Expenses 2016: $1,428,395Net Income 2016: -$34,9682016Revenue 2017: $1,426,553Expenses 2017: $1,542,054Net Income 2017: -$115,5012017Revenue 2018: $1,778,008Expenses 2018: $1,665,329Net Income 2018: $112,6792018Revenue 2019: $3,059,172Expenses 2019: $1,921,473Net Income 2019: $1,137,6992019Revenue 2019: $3,059,172Expenses 2019: $1,921,473Net Income 2019: $1,137,6992019Revenue 2020: $1,620,706Expenses 2020: $1,651,227Net Income 2020: -$30,5212020Revenue 2021: $2,126,826Expenses 2021: $1,514,638Net Income 2021: $612,1882021Revenue 2022: $3,002,008Expenses 2022: $2,019,965Net Income 2022: $982,0432022Revenue 2023: $8,943,966Expenses 2023: $1,823,481Net Income 2023: $7,120,4852023Revenue 2024: $2,087,209Expenses 2024: $1,774,181Net Income 2024: $313,0282024

Highlighted filing

2019

Revenue$3,059,172
Expenses$1,921,473
Net Income$1,137,699
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$3,216,293
Mission and Program Overview

Mission

We enable motivated and talented youth from at-risk backgrounds to fulfill their academic, athletic and personal potential.

City squash is a year-round commitment that includes squash, tutoring, mentoring, community service, travel, culture, high school placement, employment training and college prep.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,762,076$2,711,031▼ $51,045
Pledges and Grants Receivable$400,789$973,344▲ $572,555
Cash and Non-Interest-Bearing Accounts$970,941$932,072▼ $38,869
Savings and Temporary Cash Investments$173,562$775,203▲ $601,641
Prepaid Expenses and Deferred Charges$9,365$15,112▲ $5,747
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,319,933$5,409,962▲ $1,090,029
Other Assets Total$3,200$3,200→ $0
Liabilities
Accounts Payable and Accrued Expenses$72,229$86,973▲ $14,744
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$72,229$86,973▲ $14,744
Net Assets / Fund Balance
Unrestricted Net Assets$3,673,353$3,574,442▼ $98,911
Temporarily Rstr Net Assets$574,351$1,748,547▲ $1,174,196
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,247,704$5,322,989▲ $1,075,285
Total Liabilities and Net Assets / Fund Balance$4,319,933$5,409,962▲ $1,090,029

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,100,339-$2,100,339
Leasehold Improvements$603,403$342,036$945,439
Equipment$7,289$82,919$90,208
Other Land Buildings-$19,568$19,567
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terence LiExecutive DirectorFT$142,000$142,000

Board Members and Trustees

NameTitle
Sanford M SchwartzChairman
Buzz DohertyChairman - Brooklyn
Kim HuchroPresident
Gillian SteelVice Chair
Brian WalshDirector
David GanekDirector
Gerald B Ouderkirk IiiDirector
Gerry MurrayDirector
Julia PershanDirector
Michael LuskinDirector
Nick BurginDirector
Palmer PageDirector
Peter NicolDirector
Silvia CampoDirector
Teri GalluccioDirector
Timothy WyantDirector
Adam R DresherDirector - Brooklyn
Ben OlinerDirector - Brooklyn
Elyse DouglasDirector - Brooklyn
Jean ErvastiDirector - Brooklyn
Laura TrevelyanDirector - Brooklyn
Meredith QuickDirector - Brooklyn
Michael GantcherDirector - Brooklyn
Peter KellyDirector - Brooklyn
Rachel HinesDirector - Brooklyn
Spencer RobertsonDirector - Brooklyn
Stephanie IngrassiaDirector - Brooklyn
Jeffrey P WiegandSecretary
Ben MandelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,056,731
Program Service Revenue
$0
Investment Income
$2,441
Other Revenue
$0
All Other Contributions
$2,006,243
Change in Net Assets
$1,137,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,059,172
Revenue Not Reported on Form 990
$168,508
Total Revenue per Audited Statements
$3,227,680
Total Revenue per Form 990
$3,059,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,140,236
Other Expenses$781,237
Total Fundraising Expense$21,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$701,599$88,207-$789,806
All Other Expenses$191,799$168,641$21,379$381,819
Current Officers, Directors, Trustees, and Key Employees$71,000$71,000$0$142,000
Other Employee Benefits$85,042$19,460-$104,502
Payroll Taxes$84,576$19,352-$103,928
Travel$54,810--$54,810
Occupancy$48,770$5,418-$54,188
Depreciation Depletion$50,805$240-$51,045
Office Expenses-$39,145-$39,145
Fees for Services Accounting-$24,825-$24,825
Other Expenses$9,678$7,987-$9,678
Total Functional Expenses$1,455,819$444,275$21,379$1,921,473

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,152,394
Expenses per Audited Statements$1,921,473
Total Expenses per Form 990$1,921,473
Expenses Not Reported on Form 990$230,921
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$157,121
Fundraising Gross Income$157,121
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Bash$1,015,022$1,015,022$134,212$880,810
Battle of Bklyn$143,245$143,245$10,401$132,844
Total Events$1,207,609$1,207,609$157,121$1,050,488
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Both the chairman and the executive director review a draft of the financial statements and the tax return (990) prior to the return being filed.

FORM 990, PART VI, SECTION B, LINE 12C:

The board evaluates all potential transactions that might create a conflict of interest.

FORM 990, PART VI, SECTION B, LINE 15:

No executives have been hired in the current period. The board intends to use best practices when they engage a new executive director or officer.

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
City Squash Inc
EIN
42-1535583
In Care Of
% TERENCE LI
Phone
7182207400
Address
PO BOX 619 FORDHAM STATION, BRONX, NY 10458

Signing Officer

Name
Terence Li
Title
Executive Director
Phone
7182207400
Signed
2019-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terence Li
Formed
2002
Legal Domicile
Ny
Voting Board Members
29
Independent Board Members
29
Employees
38
Volunteers
250

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 1, LINE 1: DESCRIPTION OF ORGANIZATION MISSION:

Begins working with students in third grade and serves them through college graduation.

Form 990 Part IX Line 24 - Other Expenses

Description:summer squash camps total expenses:57820 program services:57820

Form 990 Part IX Line 24 - Other Expenses

Description:tournaments total expenses:103260 program services:103260

Form 990 Part IX Line 24 - Other Expenses

Description:bank & processing charges total expenses:19268 management and general:19268

Form 990 Part IX Line 24 - Other Expenses

Description:academic materials total expenses:22734 program services:22734

Form 990 Part IX Line 24 - Other Expenses

Description:insurance total expenses:15855 management and general:15855

Form 990 Part IX Line 24 - Other Expenses

Description:board expenses total expenses:4723 management and general:4723

Form 990 Part IX Line 24 - Other Expenses

Description:fundraising expenses total expenses:21379 fundraising:21379

Form 990 Part IX Line 24 - Other Expenses

Description:other expenses total expenses:136780 program services:7985 management and general:128795

Financial Statement Notes

Part XI, Line 2D

$157,121 = direct expenses from fundraising events

Part XII, Line 2D

$157,121 = direct expenses from fundraising events

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHANIE INGRASSIA
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IRS990/Form990PartVIISectionAGrp/PersonNm19MEREDITH QUICK
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt25TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR - BROOKLYN
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
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IRS990/FormationYr02002
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IRS990/FundraisingActivitiesInd0true
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$3.78$12.2$2.09$1.77$0.31
2023Summary only. Only limited summary data is available for this year.$16.7$5.07$11.6$8.94$1.82$7.12
2022Summary only. Only limited summary data is available for this year.$6.67$0.13$6.54$3.00$2.02$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.27$5.77$2.13$1.51$0.61
2020Summary only. Only limited summary data is available for this year.$5.50$0.27$5.23$1.62$1.65$0.03
2019Detailed filing. Detailed filing data is available for this year.$5.41$0.09$5.32$3.06$1.92$1.14
2019Summary only. Only limited summary data is available for this year.$5.41$0.09$5.32$3.06$1.92$1.14
2018Summary only. Only limited summary data is available for this year.$4.32$0.07$4.25$1.78$1.67$0.11
2017Summary only. Only limited summary data is available for this year.$4.27$0.07$4.20$1.43$1.54$0.12
2016Summary only. Only limited summary data is available for this year.$4.44$0.07$4.37$1.39$1.43$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.51$0.04$4.46$1.55$1.39$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.78$0.03$3.75$1.49$1.23$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.03$3.49$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.03$3.18$1.15
2011Summary only. Only limited summary data is available for this year.$3.21$0.04$3.17$1.75$1.07$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.15$2.49$0.91