Civic Intelligence

The Squash Center Inc

EIN 45-5149499 • 501(c)3 • New York, NY

Profile

Organization's primary purpose is to provide an affordable community recreation center for squash in nyc.

25W 39th StNew York, NY 10018

www.thesquashcenter.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.20x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

6.84x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

97th percentile

93%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

89th percentile

60%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$36,307,763

Up $26,596,155 (+274%) from 2022

Liabilities

Up

$43,410,116

Up $33,240,531 (+327%) from 2022

Net Assets

Down

-$7,102,353

Down $6,644,376 (-1451%) from 2022

Revenue

Up

$6,343,732

Up $3,875,117 (+157%) from 2022

Expenses

Up

$5,679,730

Up $2,582,877 (+83%) from 2022

Net Income

Up

$664,002

Up $1,292,240 (+206%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2017: $47,449Liabilities 2017: $55,474Net Assets 2017: -$8,0252017Assets 2018: $1,364,427Liabilities 2018: $1,719,115Net Assets 2018: -$354,6882018Assets 2019: $3,849,529Liabilities 2019: $5,296,563Net Assets 2019: -$1,447,0342019Assets 2020: $4,385,862Liabilities 2020: $3,874,506Net Assets 2020: $511,3562020Assets 2022: $9,711,608Liabilities 2022: $10,169,585Net Assets 2022: -$457,9772022Assets 2024: $36,307,763Liabilities 2024: $43,410,116Net Assets 2024: -$7,102,3532024

Highlighted filing

2024

Assets$36,307,763
Liabilities$43,410,116
Net Assets-$7,102,353

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $150Expenses 2017: $15,522Net Income 2017: -$15,3722017Revenue 2018: $138,574Expenses 2018: $485,237Net Income 2018: -$346,6632018Revenue 2019: $320,990Expenses 2019: $1,421,432Net Income 2019: -$1,100,4422019Revenue 2020: $4,431,327Expenses 2020: $2,472,937Net Income 2020: $1,958,3902020Revenue 2022: $2,468,615Expenses 2022: $3,096,853Net Income 2022: -$628,2382022Revenue 2024: $6,343,732Expenses 2024: $5,679,730Net Income 2024: $664,0022024

Highlighted filing

2024

Revenue$6,343,732
Expenses$5,679,730
Net Income$664,002

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$6,467,078
Mission and Program Overview

Mission

Organization's primary purpose is to make squash more accessible to the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$12,700,000$12,350,000▼ $350,000
Land, Buildings, and Equipment, Net$11,490,997$5,826,766▼ $5,664,231
Investments Other Securities-$680,507-
Savings and Temporary Cash Investments$1,000,042$500,066▼ $499,976
Other Notes and Loans Receivable, Net$46,345$0▼ $46,345
Cash and Non-Interest-Bearing Accounts$851,199$37,565▼ $813,634
Prepaid Expenses and Deferred Charges$18,336$11,293▼ $7,043
Accounts Receivable-$6,475-
Intangible Assets$5,017$5,017→ $0
Inventories for Sale or Use$5,375$1,607▼ $3,768
Total Assets$13,434,252$36,307,763▲ $22,873,511
Other Assets Total$16,941$29,238,467▲ $29,221,526
Liabilities
Other Liabilities$0$30,429,226▲ $30,429,226
Deferred Revenue$788,184$452,483▼ $335,701
Accounts Payable and Accrued Expenses$1,070,608$178,407▼ $892,201
Total Liabilities$14,558,792$43,410,116▲ $28,851,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,124,540$-7,102,353▼ $5,977,813
Total Net Assets Fund Balance$-1,124,540$-7,102,353▼ $5,977,813
Total Liabilities and Net Assets / Fund Balance$13,434,252$36,307,763▲ $22,873,511

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,621,113$1,024,005$3,645,118
Other Land Buildings$3,205,653-$3,205,653
Other Assets Org$29,234,967--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter CreedDirector of Squash - BpFT$144,785$15,024$159,809
Amr KhalifaDirector of Squash - FidiFT$145,692$13,570$159,262
Josh EasdonSquash Teaching ProfessionalFT$125,261-$125,261

Board Members and Trustees

NameTitle
David EllenBoard Chair
Joanne HawkinsBoard Member
James GreenPres, Treas, Sec & Exec, D

Highest Paid Contractors

ContractorServicesLocationCompensation
Benchmark Builders LLCGeneral Contractor469 7TH AVENUE 5TH FLOOR, New York, NY 10018, Uk$1,260,965
Ny Cleaning Services Group LLCCleaning Services7137 68TH STREET, Glendale, NY 11385$273,645
Sunrise CourtsRepairs7 VIEW STREET, Warsaw, NY 14569$134,004
Squash Media & MarketingTournament Costs-$106,750
Revenue and Support

Revenue Composition

Contributions and Grants
$4,538,957
Program Service Revenue
$1,898,775
Investment Income
$83
Other Revenue
$-94,083
All Other Contributions
$3,137,346
Change in Net Assets
$664,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,343,732
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,500
Total Revenue per Audited Statements
$6,349,232
Total Revenue per Form 990
$6,343,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,735,784
Salaries, Compensation, and Employee Benefits$1,943,946
Total Fundraising Expense$219,593
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,947,541$365,164$121,721$2,434,426
Other Salaries and Wages$1,291,348$408,112-$1,699,460
Advertising$335,851-$37,317$373,168
Fees for Services Other$132,265$47,237$9,447$188,949
Office Expenses$109,205$63,703$9,100$182,008
Payroll Taxes$99,661$31,496-$131,157
Other Employee Benefits$86,114$27,215-$113,329
Fees for Services Accounting-$107,046-$107,046
Fees for Services Legal-$101,803-$101,803
Information Technology$39,675$35,708$3,968$79,351
Insurance$29,151$12,493-$41,644
Other Expenses$5,337$0$25,285$30,622
Travel$12,102-$3,026$15,128
Total Functional Expenses$4,260,160$1,199,977$219,593$5,679,730

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,685,230
Expenses per Audited Statements$5,679,730
Total Expenses per Form 990$5,679,730
Expenses Not Reported on Form 990$5,500
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,000
Fundraising Direct Expenses$5,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Squash for All$35,000$10,000$5,500$4,500
Total Events$35,000$10,000$5,500$4,500
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$12,700,000$12,350,000▼ $350,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$30,428,626
Other Liabilities$600
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Per by-laws adopted in 2016 - the corporation shall have as its sole member, david ellen (or heirs). If and when the corporation has paid off in full, including any accrued interest, any and all outstanding indebtedness to david ellen (or heirs), the sole member shall add the then-current directors as additional members. Effective may 2020, the by-laws were amended to state that david ellen will continue as the sole member even after the debt is satisfied.

Form 990, Part VI, Section A, Line 7A

DAVID ELLEN

Form 990, Part VI, Section A, Line 7B

Same as explanation to line 6 and 7a above.

Form 990, Part VI, Section B, Line 11B

The 990 is distributed to all board members for review and comments prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each director, officer and senior staff member has three core obligations: a duty of care, a duty of loyalty and a duty of compliance with law and policies. Any time the organization seeks to transact business with a related person where the officer, director, or senior staff member has a way to financially gain personally from the arrangement, the director, officer, senior staff member must disclose in writing the situation to the president and secretary and thereafter recuse himself or herself form all deliberations and decisions regarding the arrangement (except to provide information and answer questions upon request). Further, the non-conflicted decision makers should not enter into any such arrangement that are more favorable to the individual compared to arrangements that would be available with respect to similarly-situated, unaffiliated third parties.

Form 990, Part VI, Section B, Line 15A

Written employment contracts and form 990 of other organizations are used to determine executive compensation. The board approves compensation amounts.

Form 990, Part VI, Section C, Line 18

The form 1023 and annual forms 990 are available for public inspection on publicly accessible databases maintained by various sources, including ny attorney general's website. These documents may also be requested directly from the organization provided reasonable time is given to fullfill the request for information.

Form 990, Part VI, Section C, Line 19

These documents may be requested directly from the organization provided reasonable time is given to fulfill the request for information.

Filing and Contact Details

Filer

Filer Name
Open Squash Inc
EIN
45-5149499
Phone
2127905700
Address
25W 39TH ST, NEW YORK, NY 10018

Signing Officer

Name
Seth Frankle
Title
VP of Operations
Phone
2127905700
Signed
2025-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Green
Formed
2012
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
28
Volunteers
5

Preparer

Firm
Cbiz Advisors LLC
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
Douglas Farrington
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board meets regularly to discuss all matters including all financial and audit matters.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 5,500.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 5,500.

Raw XML AppendixShowing 400 of 645 raw XML fields

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/MissionDesc0ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE SQUASH MORE ACCESSIBLE TO THE GENERAL PUBLIC. (SEE SCHEDULE O)OPEN SQUASH, INC.'S PURPOSE:(A) TO PROMOTE AND GROW THE SPORT OF SQUASH LOCALLY, NATIONALLY AND INTERNATIONALLY AND TO DO SO ON A BROAD BASIS EXPOSING NEW COMMUNITIES TO THE SPORT WHEREVER POSSIBLE (INCLUDING MID AND LOW- INCOME COMMUNITIES);(B) TO OWN OR LEASE A SQUASH FACILITY AND OPERATE OR HOST AT THE FACILITY A WIDE VARIETY OF YOUTH AND ADULT PROGRAMS AND EDUCATIONAL AND COMPETITIVE ACTIVITIES (RANGING FROM NOVICE TO ELITE) INCLUDING LESSONS AND CLINICS, DEVELOPMENT ACADEMIES, CAMPS, AND TOURNAMENTS;TO EMPOWER URBAN YOUTH BY OPERATING AN EDUCATIONAL SQUASH PROGRAM FOR YOUTH FROM LOW INCOME AND DISADVANTAGED COMMUNITIES AND COLLABORATE WITH SIMILAR ESTABLISHED PROGRAMS;(C) TO HOST NATIONAL AND INTERNATIONAL AMATEUR COMPETITIONS AND TO TRAIN SQUASH ATHLETES FOR SUCHCOMPETITIONS;(D) TO PROMOTE THE PHYSICAL HEALTH AND WELL-BEING OF THE COMMUNITY.
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