Open Squash Inc
Nonprofit profile at a glance
- EIN
- 455149499
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2016
- Location
- New York, NY, USA
- Phone
- 2127905700
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $6,343,732
- Expenses
- $5,679,730
- Assets
- $36,307,763
- Liabilities
- $43,410,116
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- PETER CREED (DIRECTOR OF SQUASH - BP): $159,809 total reported compensation
- AMR KHALIFA (DIRECTOR OF SQUASH - FIDI): $159,262 total reported compensation
- JOSH EASDON (SQUASH TEACHING PROFESSIONAL): $125,261 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Organization'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.
What it reported doing in 2024
Organization's primary purpose is to make squash more accessible to the general public. We offer free intro to squash lessons for anyone that has never played before. We offer group classes for all skill levels at a more affordable price than 1 on 1 training, which we also offer separately. We have a full thriving afterschool and summer camp program to teach kids squash. We also offer scholarships and income-based discounts on junior programming and membership, so that anyone who wants to play can play regardless of any financial obstacles.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 79
- Accountability: 81
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67%; rating input score 67
- Program expense ratio: 75%; rating input score 75
- Fundraising efficiency: $20.67 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.5%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 6.39; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 1.2; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 31.9% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 32.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 40.9% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 67% of revenue deployed · 75% of spending went to programs
- Governance: 2 of 3 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.3M in reported program spending
- Leadership: top reported pay $160K · 6 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.8M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.