Civic Intelligence

Ysk Events

990 • Fiscal year 2020 • EIN 46-4656139

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 13, 2021

3905 55th Ave SWSeattle, WA 98116

(206) 932-1035

Siviq Scores

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

Liabilities / Assets

96th percentile

1.63x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.70x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

44th percentile

1.3%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$32,082

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

48th percentile

2.6%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-56%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$113,458

Up $2,840 (+2.6%) from 2019

Net Assets

Up

-$71,393

Up $3,533 (+4.7%) from 2019

Liabilities

Down

$184,851

Down $693 (-0.4%) from 2019

Revenue

Down

$262,791

Down $333,870 (-56%) from 2019

Expenses

Down

$259,258

Down $301,618 (-54%) from 2019

Net Income

Down

$3,533

Down $32,252 (-90%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2017: $1,810Liabilities 2017: $180,617Net Assets 2017: -$178,8072017Assets 2018: $34,394Liabilities 2018: $144,864Net Assets 2018: -$110,4702018Assets 2019: $110,618Liabilities 2019: $185,544Net Assets 2019: -$74,9262019Assets 2020: $113,458Liabilities 2020: $184,851Net Assets 2020: -$71,3932020Assets 2021: $164,423Liabilities 2021: $181,967Net Assets 2021: -$17,5442021Assets 2022: $275,234Liabilities 2022: $531,288Net Assets 2022: -$256,0542022Assets 2023: $202,809Liabilities 2023: $541,061Net Assets 2023: -$338,2522023Assets 2024: $138,903Liabilities 2024: $730,843Net Assets 2024: -$591,9402024

Highlighted filing

2020

Assets$113,458
Liabilities$184,851
Net Assets-$71,393

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $133,429Expenses 2017: $84,912Net Income 2017: $48,5172017Revenue 2018: $544,541Expenses 2018: $476,204Net Income 2018: $68,3372018Revenue 2019: $596,661Expenses 2019: $560,876Net Income 2019: $35,7852019Revenue 2020: $262,791Expenses 2020: $259,258Net Income 2020: $3,5332020Revenue 2021: $575,951Expenses 2021: $522,102Net Income 2021: $53,8492021Revenue 2022: $351,606Expenses 2022: $590,116Net Income 2022: -$238,5102022Revenue 2023: $437,426Expenses 2023: $513,211Net Income 2023: -$75,7852023Revenue 2024: $539,648Expenses 2024: $794,562Net Income 2024: -$254,9142024

Highlighted filing

2020

Revenue$262,791
Expenses$259,258
Net Income$3,533
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 13, 2021
Return Version
2020v4.0
Gross Receipts
$262,791
Mission and Program Overview

Mission

Create a platform to educate the public on the health benefits of squash, increase youth participation in the sport, run events to raise awareness of the opportunities in the sport and help kids get admitted into top colleges through squash.

We are creating a platform to educate the public about the benefits of squash. We use it to help kids get accepted into top colleges and run events to raise awareness of the sport and the opportunities it facilitates. We host junior tournaments, a college showcase, clinics, tournament coaching, physical conditioning, game psychology and inspirational coaching by world renown guests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,500$57,350▼ $10,150
Cash and Non-Interest-Bearing Accounts$43,118$56,108▲ $12,990
Loans From Officers Directors$154,977$29,467▼ $125,510
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-74,926$-71,393▲ $3,533
Total Assets$110,618$113,458▲ $2,840
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$150,000-
Accounts Payable and Accrued Expenses$30,567$5,384▼ $25,183
Total Liabilities$185,544$184,851▼ $693
Net Assets / Fund Balance
Total Net Assets Fund Balance$-74,926$-71,393▲ $3,533
Total Liabilities and Net Assets / Fund Balance$110,618$113,458▲ $2,840

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,350$13,700$71,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Murad KhanManagerFT$32,082$32,082
Shabana KhanPresidentFT$20,461$20,461

Board Members and Trustees

NameTitle
Craig LangrenDirector
Curt LigotDirector
Latoshya KhanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$262,791
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$257,791
Change in Net Assets
$3,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,172
Salaries, Compensation, and Employee Benefits$100,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,543--$52,543
Other Expenses$49,919--$49,919
Other Salaries and Wages$20,000$19,000-$39,000
Advertising$23,067--$23,067
Depreciation Depletion$10,150--$10,150
Payroll Taxes$5,323$1,454-$6,777
Information Technology$6,480--$6,480
Office Expenses-$2,430-$2,430
Other Employee Benefits$1,766--$1,766
Interest-$997-$997
Total Functional Expenses$235,377$23,881$0$259,258
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$154,977$29,467▼ $125,510
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The sisters, shabana and latoshya khan have worked to create a platform for the nonprofit's formation. They have the experience of fundraising, marketing, managing, financing, and educating efficiently. They have spent decades competing on the world stage, competing , teaching, and coaching at international events which uniquely qualifies them to develop the education about squash for both the future player and the public community. Their brother , murad khan, is the executive director who has spent the last seven years acquiring a special skill set to manage, run, promote, build and market squash related activities. Murad is able to do the job of multiple individuals at a much lower market rate. He is not replacable by one employee. His expertise will significantly reduce the overhead expenditues which allows for a greater portion of the budget to be allocated to programs.

Form 990, Part VI, Line 11B: Form 990 Review Process

All board members review & approve

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Review precieved conflicts & adopted appropiate controls

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Person researched, examined, approved by board & salary determined

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Researched market compensation levels, reviewed and set by board & in the budget

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request-can view them at office

Filing and Contact Details

Filer

Filer Name
Ysk Events
EIN
46-4656139
Phone
2069321035
Address
3905 55TH AVE SW, SEATTLE, WA 98116

Signing Officer

Name
Shabana Khan
Title
President
Phone
2062504540
Signed
2021-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shabana Khan
Formed
2017
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
2
Employees
4
Volunteers
20

Preparer

Firm
Jane a Khan
Address
3905 55TH AVE SW, SEATTLE, WA 98116
Preparer
Jane Khan
Phone
2069321035
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

Covid lockdown caused all squash courts to be closed in washington so no clinics or camps could be held on court. We had to instruct youth outside on tennis courts or concentrate on physical conditioning in parks or try video conferenceing by cell phone. Students had to swing the racquet and hit the ball against their garage door or some wall. We hired a motivational training firm to instruct them in sports psychology. Our major world squash event was twice canceled as both the venue and courtries of the players were on lockdown.

PART 1 #1

CREATE A PLATFORM

Raw XML Appendix394 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/ProgSrvcAccomActy2Grp/Desc0IN JANUARY, A GUEST FITNESS COACH, THE TRAINER OF THE TOP RANKED WORLD PROFESSIONALS, INSTRUCTED JUNIORS ON FITNESS TECHNIQUES. A SECOND WORLD CHAMPION SQUASH GURU PROVIDED MOTIVATIONAL AND STRATEGICAL TRAINING. ONLINE MOTIVATIONAL TRAINING WAS INAUGURATED IN JUNE FOR JUNIORS AS NO INPERSON INSTRUCTION WAS ALLOWED. THE OUTSIDE PROVIDER WAS PAID APPROXIMATELY $40,000 OF OUR BUDGET. SUMMER CAMPS WERE CONDUCTED FOR FITNESS AND SQUASH GHOSTING (PRACTICE STROKES WITHOUT COURT OR BALL) IN PUBLIC PARKS THAT WERE ALLOWED TO OPEN. VIDEO PRODUCTION WAS INITIATED AND JUNIORS WERE ENCOURAGED TO ZOOM IN AND PARTICIPATE IN THEIR PERSONAL DRIVEWAYS AND GARAGES. IN EARLY FALL, THE COLLEGE SHOWCASE WAS CONDUCTED WITH PLAYERS WEARING MASKS IN VIDEOTAPED COMPETITIVE MATCHES. THE VIDEOS AND GAME SCORES WERE FORWARDED TO VARIOUS COLLEGE COACHES.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SHABANA KHAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COVID LOCKDOWN CAUSED ALL SQUASH COURTS TO BE CLOSED IN WASHINGTON SO NO CLINICS OR CAMPS COULD BE HELD ON COURT. WE HAD TO INSTRUCT YOUTH OUTSIDE ON TENNIS COURTS OR CONCENTRATE ON PHYSICAL CONDITIONING IN PARKS OR TRY VIDEO CONFERENCEING BY CELL PHONE. STUDENTS HAD TO SWING THE RACQUET AND HIT THE BALL AGAINST THEIR GARAGE DOOR OR SOME WALL. WE HIRED A MOTIVATIONAL TRAINING FIRM TO INSTRUCT THEM IN SPORTS PSYCHOLOGY. OUR MAJOR WORLD SQUASH EVENT WAS TWICE CANCELED AS BOTH THE VENUE AND COURTRIES OF THE PLAYERS WERE ON LOCKDOWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SISTERS, SHABANA AND LATOSHYA KHAN HAVE WORKED TO CREATE A PLATFORM FOR THE NONPROFIT'S FORMATION. THEY HAVE THE EXPERIENCE OF FUNDRAISING, MARKETING, MANAGING, FINANCING, AND EDUCATING EFFICIENTLY. THEY HAVE SPENT DECADES COMPETING ON THE WORLD STAGE, COMPETING , TEACHING, AND COACHING AT INTERNATIONAL EVENTS WHICH UNIQUELY QUALIFIES THEM TO DEVELOP THE EDUCATION ABOUT SQUASH FOR BOTH THE FUTURE PLAYER AND THE PUBLIC COMMUNITY. THEIR BROTHER , MURAD KHAN, IS THE EXECUTIVE DIRECTOR WHO HAS SPENT THE LAST SEVEN YEARS ACQUIRING A SPECIAL SKILL SET TO MANAGE, RUN, PROMOTE, BUILD AND MARKET SQUASH RELATED ACTIVITIES. MURAD IS ABLE TO DO THE JOB OF MULTIPLE INDIVIDUALS AT A MUCH LOWER MARKET RATE. HE IS NOT REPLACABLE BY ONE EMPLOYEE. HIS EXPERTISE WILL SIGNIFICANTLY REDUCE THE OVERHEAD EXPENDITUES WHICH ALLOWS FOR A GREATER PORTION OF THE BUDGET TO BE ALLOCATED TO PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS REVIEW & APPROVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW PRECIEVED CONFLICTS & ADOPTED APPROPIATE CONTROLS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERSON RESEARCHED, EXAMINED, APPROVED BY BOARD & SALARY DETERMINED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RESEARCHED MARKET COMPENSATION LEVELS, REVIEWED AND SET BY BOARD & IN THE BUDGET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST-CAN VIEW THEM AT OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREATE A PLATFORM
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART 1 #1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Shabana Khan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02062504540
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YSK EVENTS
ReturnHeader/Filer/BusinessNameControlTxt0YSKE
ReturnHeader/Filer/EIN0464656139
ReturnHeader/Filer/PhoneNum02069321035
ReturnHeader/Filer/USAddress/AddressLine1Txt03905 55TH AVE SW
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098116
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161780814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JANE A KHAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03905 55TH AVE SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098116
ReturnHeader/PreparerPersonGrp/PhoneNum02069321035
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jane Khan
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-08-13T17:31:39-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHABANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KHAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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