Ysk Events
- Assets
- $202.8k
- Revenue
- $437.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2023
- EIN
- 46-4656139
Organization Overview
Ysk Events is located in Seattle, WA. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Ysk Events employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ysk Events 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 12/2023, Ysk Events generated $437.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $513.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YSK EVENTS HOSTED FOUR OF THE TOP MEN AND WOMEN IN THE WORLD.IN A ROUND ROBIN FORMAT FOLLOWED BY TOP TWO AND THREE-FOUR PLAYOFFS. UPSETS OCCURRED IN THE PLAYOFFS. EVERYONE WAS INSPIRED TO UPGRADE THEIR SQUASH GAME AND TRY OUT NEW TECHNIQUES OF THE CHAMPIONS. JUNIORS WERE INSPIRED TO TRY TO UP THEIR GAMESMANSHIP FOR THE UPCOMING OLYMPICS IN 2028 IN LOS ANGELES. EVERYONE ENJOYED HITTING WITH THE CHAMPIONS AND RECEIVING AUTOGRAPHS. THEY ENJOYED RELIVING THEIR FAVORITE MATCH AS THEY WATCHED THAT MATCH ON YOU TUBE.
AFTER THE HOLIDAYS, THE FIRST WINTER JUNIOR SILVER WITNESSED 48 BOYS AND GIRLS COMPETE FOR VICTORY. IN FEBRUARY, GREG GAUTIER, WINNER OF THE 2015 WORLD CHAMPIONSHIP, HOSTED A CLINIC FOR OUR JUNIORS, HITTING WITH THEM AND SHOWING THEM HOW THEY COULD IMPROVE AND SIGNED AUTOGRAPHS. IN MAY, WE HOSTED THE SPRING JUNIOR GOLD WITH 151 PARTICIPANTS ALONG WITH THE COLLEGE SHOWCASE. COLLEGE COACHES FROM THE IVY LEAGUE AND OTHER TOP SCHOOLS OBSERVED AND SOUGHT OUT RECRUITS FOR THEIR COLLEGES SQUASH ROSTERS. AFTER SPENDING THE LAST MONTH IN SQUASH CAMPS, THE LATE JULY JUNIOR SUMMER SILVER GAVE BOYS AND GIRLS THE OPPORTUNITY TO TEST THEIR NEWFOUND SKILLS. IN AUGUST, THEY SEIZED ON THE OPPORTUNITY TO WATCH THE BEST SQUASH IN THE WORLD. IN LATE OCTOBER, THE KICK-OFF JUNIOR BRONZE TOURNAMENT WELCOMED 33 NEWLY INSPIRED PARTICIPANTS. FOR MANY OF THEM, IT WAS THEIR FIRST COMPETITION. NEXT, IN DECEMBER, FORTY-NINE COMPETED IN THE WINTER JUNIOR SILVER. ALTOGETHER, TWENTY-SEVEN BOYS AND GIRLS ACHIEVED NATIONAL RANKING. THE HIGHEST RANKING WAS TEN AND SEVERAL WERE RECRUITED BY IVY LEAGUE COLLEGE SQUASH COACHES.
DEPRECIATION EXPENSE GLASS SQUASH COURT & PIPE & DRAPE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shabana Khan President | OfficerTrustee | 40 | $0 |
Latoshya Khan Director | Trustee | 2 | $0 |
Craig Langren Director | Trustee | 1 | $0 |
Curt Ligot Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,723 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,426 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,715 |
| Office expenses | $2,598 |
| Information technology | $2,681 |
| 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 | $25,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,375 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $513,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $40,000 |
| Net Land, buildings, and equipment | $37,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,809 |
| Accounts payable and accrued expenses | $41,061 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $541,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$338,252 |
| Total liabilities and net assets/fund balances | $202,809 |