Squash Smarts Inc
- Assets
- $4.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Philadelphia, PA
- Founding
- 04/2001
- Data as of
- 06/2023
- EIN
- 23-3060172
Organization Overview
Squash Smarts Inc is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Squash Smarts Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Squash Smarts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Squash Smarts Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SQUASHSMARTS IS DEDICATED TO IMPROVING THE LIVES OF UNDERSERVED YOUTH FROM PHILADELPHIA PUBLIC SCHOOLS BY PROVIDING INTENSIVE, LONG-TERM ACADEMIC TUTORING AND SQUASH INSTRUCTION, WHILE IMPARTING HIGH STANDARDS OF PERSONAL INTEGRITY, HEALTH AND FITNESS, AND SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SQUASHSMARTS PROVIDES FREE OUT-OF-SCHOOL PROGRAMS WITH A PROVEN TRACK RECORD OF KEEPING KIDS IN SCHOOL, IN SHAPE, AND ON TRACK FOR GRADUATION. IN 2023, SQUASHSMARTS PROVIDED 342 INSTRUCTIONAL SESSIONS TO 920 YOUTH AND GRADUATES OF PHILADELPHIA PUBLIC SCHOOLS (INCLUDING 120 ALUMNI, 164 CORE PROGRAMS STUDENTS, AND 636 COMMUNITY PROGRAM STUDENTS). SQUASHSMARTS HAD ITS LARGEST GRADUATING CLASS OF SEVENTEEN HIGH SCHOOL SENIORS WHO COLLECTIVELY EARNED 394,769 IN FEDERAL, STATE, INSTITUTIONAL AID, 64% OF WHICH CAME FROM NEED-BASED AND MERIT INSTITUTIONAL AID. IN TOTAL, FINANCIAL AID PACKAGES INCLUDED 1 FULL FOUR-YEAR SCHOLARSHIP; 50% OF STUDENTS HAD FINANCIAL AID GAPS OF LESS THAN 5,000; AND 95-98% OF TUITION/ROOM AND BOARD EXPENSES COVERED. 100% OF THE CLASS OF 2023 COMPLETED THE FEDERAL APPLICATION FOR STUDENT AID (FAFSA) AND MATRICULATED SUCCESSFULLY TO COLLEGE OR UNIVERSITY SETTINGS. SQUASHSMARTS FUNDING ENABLED STUDENTS TO A WIDE RANGE OF EXTERNAL SUMMER LEADERSHIP OPPORTUNITIES INCLUDING CHILDREN WHO WERE SELECTED TO PARTICIPATE IN PHILADELPHIA OUTWARD BOUND AND SQUASH+ EDUCATION ALLIANCE (SEA) NATIONAL HIGH PERFORMANCE TRAINING SQUAD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Gregg Executive Di | Trustee | 40 | $127,260 |
Andrew Nehrbas President | OfficerTrustee | 2 | $0 |
James Losty Vice Preside | OfficerTrustee | 2 | $0 |
Molly Pierce Secretary | OfficerTrustee | 2 | $0 |
Radhika Cobb Treasurer | OfficerTrustee | 2 | $0 |
Diran Alexanian Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,168 |
| Related organizations | $0 |
| Government grants | $930,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,225,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,248,611 |
| Total Program Service Revenue | $20,880 |
| Investment income | $52,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,287,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,384 |
| Compensation of current officers, directors, key employees. | $12,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $910,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,442 |
| Payroll taxes | $82,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,409 |
| Advertising and promotion | $0 |
| Office expenses | $60,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,371 |
| Insurance | $36,488 |
| All other expenses | $6,794 |
| Total functional expenses | $1,752,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $960,174 |
| Pledges and grants receivable | $98,400 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,569 |
| Net Land, buildings, and equipment | $851,938 |
| Investments—publicly traded securities | $2,190,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,127,794 |
| Accounts payable and accrued expenses | $20,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,126 |
| Total liabilities | $55,984 |
| Net assets without donor restrictions | $3,981,810 |
| Net assets with donor restrictions | $90,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,127,794 |