United States Squash Racquets Association Inc in New York, New York (NY)

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United States Squash Racquets Association Inc
Employer Identification Number (EIN)166050490
Name of OrganizationUnited States Squash Racquets Association Inc
In Care of NameKevin Klipstein
Address555 8th Ave Rm 1102, New York, NY 10018-4366
ActivitiesAmateur athletic association
SubsectionEducational Organization
Ruling Date09/1979
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,705,518
Amount of Income$4,592,814
Form 990 Revenue Amount$4,369,260
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Tennis, Racquet Sports Clubs, Leagues


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Amount of income in 2014: $4,592,814 (it was $3,572,816 in 2013)
United States Squash Racquets Association Inc: 

 $4,592,814
Other organizations performing similar types of work: 

 $123,261

Assets in 2014: $3,705,518 (it was $3,382,452 in 2013)
United States Squash Racquets Association Inc: 

 $3,705,518
Other organizations performing similar types of work: 

 $89,062

Expenses in 2014: $4,542,894
This organization: 

 $4,542,894
Other organizations performing similar types of work: 

 $143,902

Income to expenses ratio in 2014: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 25
United States Squash Racquets Association Inc: 

 25
Other organizations performing similar types of work: 

 8

Employees paid over $100,000 in 2014: 4.0%
This organization: 

 4.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 19.5%
This organization: 

 19.5%
Other organizations performing similar types of work: 

 25.5%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 109611687118
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return171725
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoYes
Has it filed a Form 990-T for this year?NoNoYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesNoNo
Did the organization notify the donor of the value of the goods or services provided?YesNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$259,000$285,000$188,709
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$48,535$29,642$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization221
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$3,060,173$4,908,744$3,572,816$4,369,260
Contributions, Gifts, Grants and Other Similar Amounts$1,526,821$2,048,102$657,678$852,148
Program Service Revenue$1,134,223$2,690,589$2,613,068$3,257,826
All Other Amusement and Recreation Industries $1,026,625$911,500$962,993
All Other Amusement and Recreation Industries $706,062$555,767$706,587
All Other Amusement and Recreation Industries $214,636$321,783$342,346
All Other Amusement and Recreation Industries $32,977$30,510$677,859
All Other Amusement and Recreation Industries $45,250$67,074$415,235
All other program service revenue$665,039$726,434$152,806
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$380,768$47,382$54,052$48,469
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$67,768$73,785$120,767
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$1,602,932 / $0$156,969 / $0$291,467 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$1,535,164 / $0$83,184 / $0$170,700 / $0
Gain or (loss) (Securities / Other)$0 / $0$67,768 / $0$73,785 / $0$120,767 / $0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$8,465$6,903$-13,073$-19,003
Gross sales of inventory, less returns and allowances$40,360$54,511$47,860$33,851
Less: cost of goods sold$31,895$47,608$60,933$52,854
Miscellaneous Revenue$9,896$48,000$187,306$109,053
900099$13,000$16,213$104,838
900099$35,000$171,093$4,215
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$2,604,439$4,242,051$4,025,339$4,542,894
Grants and other assistance to domestic organizations and domestic governments$59,366$106,213$169,964
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$75,000$75,000$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$182,047$200,538$188,709
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$595,930$605,497$785,114$1,054,014
Pension plan accruals and contributions$10,969$20,517$16,254
Other employee benefits$74,395$83,229$78,047
Payroll taxes$110,146$61,229$72,077$103,974
Fees for services (non-employees)
Management$0$0$0
Legal$7,626$2,189$9,297
Accounting$77,997$119,290$108,897
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$18,206$14,065$19,429
Other$0$0$39,466
Advertising and promotion$0$0$3,185
Office expenses$52,515$75,835$159,023
Information technology$0$0$103,058
Royalties$0$0$0
Occupancy$102,240$109,912$142,035
Travel$7,607$23,951$36,215
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$5,895$5,331$1,380
Interest$0$1,286$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$43,645$38,262$45,576
Insurance$0$0$0
Other expenses$2,558,565$1,898,952$2,209,027
Other expenses$57,284$88,795$55,344
Balance Sheet
2011201220132014
Total assets$3,095,358$3,761,246$3,382,452$3,705,518
Cash - non-interest-bearing$424,476$188,812$315,128
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$511,023$356,681$282,000
Accounts receivable, net$128,688$108,368$107,543
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$38,816$42,496$32,354
Prepaid expenses and deferred charges$128,467$133,516$77,732
Land, buildings, and equipment: cost or other basis$25,145$30,014$33,410
Investments - publicly traded securities$2,281,724$2,319,988$2,544,674
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$112,281$87,965$194,111
Other assets$110,626$114,612$118,566
Total liabilities$633,910$656,783$670,682$992,729
Accounts payable and accrued expenses$203,708$210,121$408,871
Grants payable$0$0$0
Deferred revenue$434,559$446,146$579,948
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$18,516$14,415$3,910
Total net assets or fund balances$2,461,448$3,104,463$2,711,770$2,712,789
Unrestricted net assets$191,488$62,610$124,643
Temporarily restricted net assets$651,818$387,074$324,560
Permanently restricted net assets$2,261,157$2,262,086$2,263,586
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$16,566,987
Subtotal$16,566,987
Gifts, grants, contributions, and membership fees received$8,186,567
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$8,380,420
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$17,094,440
Public support$16,566,987
Subtotal$249,179
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$249,179
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$278,274
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1United States Squash Racquets Association Inc555 8th Ave Rm 1102, New York, NY 10018-4366NY1979-09$4,592,814
2Tennis Club Of Rochester Inc570 Kreag Rd, Pittsford, NY 14534-3735NY1970-01$1,648,966
3Usta Maryland District Inc10015 Old Columbia Rd Ste B215, Columbia, MD 21046-1865MD1994-02$1,397,614
4National Junior Tennis & Learning Of Trenton Inc949 W State St, Trenton, NJ 08618-5327NJ1998-03$943,772
5Capital Region Youth Tennis Foundation Inc785 Washington Ave, Albany, NY 12206-1801NY1991-07$420,827
6Star Swimming IncPO BOX 771, California, MD 20619-0771MD1998-11$279,418
7Junior Tennis Foundation Inc70 W Red Oak Ln, White Plains, NY 10604-3602NY1983-06$271,998
8Sandsharks Inc Sandhill Sandsharks IncPo Box 1982, Pinehurst, NC 28370NC1994-04$261,943
9Sharks Swim Team Inc Tr212 Palmer Hill Rd, Old Greenwich, CT 06870-1012CT1993-10$234,545
10Ram Swimming Club35 Windmill Dr, Wakefield, RI 02879-1531RI1997-04$190,785
11Richmond Tennis AssociationPO BOX 17612, Richmond, VA 23226-7612VA1960-06$153,219
12The Brock Foundation Inc103 Washington Ave, Glendale, OH 45246OH1995-10$123,261
13Pound Ridge Tennis Club IncorporatedPO BOX 351, Pound Ridge, NY 10576-0351NY1965-11$119,147
14Woodland Hills Aquatic Team1301 Macon Ave, Pittsburgh, PA 15218-1218PA1995-11$113,023
15Southern Arizona Tennis AssociationPO BOX 64477, Tucson, AZ 85728-4477AZ1969-06$97,530
16Emerald Aquatics IncPO BOX 42056, Eugene, OR 97404-0570OR1998-09$90,672
17Capital District Squash Racquets Association Inc11 Equestrian Way, Clifton Park, NY 12065NY1994-11$0
18Falcon Aquatics IncPo Box 310, Sanborn, NY 14132NY1995-12$0
19National Tennis Association For The Disable Inc3065 New St, Oceanside, NY 11572-2743NY1989-04$0
20Safe Passage Foundation Inc5812 Queens Blvd Ste 1, Woodside, NY 11377-7764NY1991-02$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona1
California5
Colorado5
Connecticut2
District of Columbia1
Delaware1
Florida3
Georgia4
Hawaii1
Illinois1
Indiana4
Kentucky1
Massachusetts3
Maryland5
Maine2
Michigan1
Minnesota5
Missouri2
Mississippi1
Montana1
North Carolina1
Nebraska1
New Hampshire1
New Jersey3
New York9
Ohio1
Oklahoma2
Oregon5
Pennsylvania8
Rhode Island1
South Carolina2
South Dakota2
Tennessee4
Texas3
Virginia3
Washington2
Wisconsin3
West Virginia1
International1
Total104

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