Overview
What is Open Squash Inc?
Open Squash Inc, based in New York City, is a nonprofit organization with a mission to make squash more accessible to the general public. They offer introductory lessons for squash beginners, group classes at affordable prices, and scholarships for lower-income individuals. The organization runs a thriving after-school and summer camp program for children, fostering an interest in the sport. Their purpose extends beyond New York, aiming to promote and grow squash locally, nationally, and internationally, particularly in underprivileged communities. Open Squash Inc also hosts competitions, trains athletes, and collaborates with similar programs to empower urban youth. With a dedicated workforce of 15 individuals, Open Squash Inc is committed to providing an inclusive squash experience for all.
Official website here: www.opensquash.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Stars)
Open Squash Inc has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and governance practices. The charity's Accountability & Finance score reflects a lack of independent board members and insufficient financial transparency, as it has not provided financial statements. This low score suggests the organization may struggle with maintaining robust oversight and accountability.
Despite some positive aspects, such as having a conflict of interest policy and documents for board meeting minutes, the overall governance structure raises red flags. The ratio of liabilities to assets is alarming at 104.71%, indicating that the organization may be operating with more debt than it can handle. This, coupled with a negative working capital ratio, suggests potential liquidity issues.
The program expense ratio stands at 58.78%, which means that a significant portion of funds is allocated towards programs, but this is offset by an abysmal fundraising efficiency ratio of $0.0025. This indicates that the organization faces challenges in fundraising effectiveness, which could hamper its ability to sustain operations and impact. Overall, the financial difficulties and governance issues present a concerning picture for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Open Squash Inc legitimate?
Open Squash Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Squash Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $111,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $626,701
For more financial information, click here
Official website here: www.opensquash.org
What is the mission statement of Open Squash Inc?
Open Squash Inc's mission is centered around making squash more accessible to the general public. This organization strives to promote and grow the sport locally, nationally, and internationally, reaching out to new communities, including those in mid and low-income areas. They aim to do this by operating or hosting a variety of youth and adult programs, lessons, clinics, development academies, camps, and tournaments. Open Squash Inc also focuses on empowering urban youth by operating an educational squash program for youth from disadvantaged communities and collaborating with similar established programs. Furthermore, they host national and international amateur competitions and train squash athletes for these events. Lastly, they promote physical health and well-being in the community through squash.
Official website here: www.opensquash.org
Who is the CEO of Open Squash Inc?
James Green is the Board Chair of Open Squash Inc.
Official website here: www.opensquash.org
What is the revenue of Open Squash Inc?
Open Squash Inc's revenue in 2022 was $2,468,615.
Official website here: www.opensquash.org
Who are the executives of Open Squash Inc and what are their salaries?
The average compensation at Open Squash Inc during 2022 was $49,222. There are 15 employees and 5 volunteers at Open Squash Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $97,455
- Related: $0
- Other: $14,179
- Compensation: $138,000
- Related: $0
- Other: $0
Official website here: www.opensquash.org
Where can I find the form 990 for Open Squash Inc?
Open Squash Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opensquash.org
Learn more at the official website: www.opensquash.org
Mission Statement of Open Squash Inc
Open Squash Inc, a non-profit organization, is dedicated to making the sport of squash more accessible to the general public. Its primary objective is threefold. Firstly, Open Squash aims to promote and grow squash on a broad scale, reaching out to new communities, including low-income areas, both locally and internationally. Secondly, the organization operates or hosts a variety of youth and adult programs and educational and competitive activities at a squash facility. This encompasses lessons and clinics, development academies, camps, and tournaments, catering to novices as well as elite players. Lastly, Open Squash empowers urban youth by operating an educational squash program for individuals from disadvantaged communities, collaborating with similar established programs. Additionally, the organization hosts national and international amateur competitions to train squash athletes for these events. Overall, Open Squash Inc's mission is to promote the physical health and well-being of the community through squash.
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Impact
July, 2024
Open Squash Inc has a significant impact on the community by making the sport of squash more accessible to the general public. They offer free introductory lessons to those who have never played before and provide affordable group classes for all skill levels. Additionally, their afterschool and summer camp programs help teach children squash, fostering a love for the sport at a young age. They also offer scholarships and income-based discounts to ensure that financial obstacles do not prevent anyone from participating in their programs. Through their initiatives, Open Squash Inc is not only promoting the physical health and well-being of the community but also empowering urban youth from low-income and disadvantaged communities through educational squash programs. Their efforts help grow the sport locally, nationally, and internationally, making squash a more inclusive and accessible recreational activity for all.
This information is meant to be a general summary of Open Squash Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $100
- Program Service Revenue: $1,037,059
- Gross Receipts: $2,551,126
Assets and Liabilities:
- Total Assets: $9,711,608
- Total Liabilities: $10,169,585
- Net Assets: -$457,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,030,046
COURT RENTAL
Revenue
$7,013
Organization Details
Founding Year
2012
Phone
(212) 790-5700Principal Officer
James Green
Main Address
25W 39TH ST, NEW YORK, NY, 10018
Website
www.opensquash.orgNTEE Category
Code: N70 - Recreation
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