2023-11-17T10:32:29-06:00 2022-12-31 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-01-01 455149499 OPEN SQUASH INC OPEN 2127905700 25W 39TH ST NEW YORK NY 10018 JAMES GREEN PRES, TREAS, SEC & EXEC. DIRECTOR 2127905700 2023-11-17 1 JAMES GREEN 999009999 1 MARY ANTONETTI P00431862 2037819600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES GREEN 25W 39TH ST NEW YORK NY 10018 2551126 0 X WWW.OPENSQUASH.ORG X 2012 DE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE SQUASH MORE ACCESSIBLE TO THE GENERAL PUBLIC. 3 1 15 5 0 0 929357 1471557 638491 1037059 125 100 238458 -40101 1806431 2468615 0 0 0 0 614793 841516 0 0 0 1964649 2255337 2579442 3096853 -773011 -628238 5357253 9711608 5618907 10169585 -261654 -457977 X 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. 0 0 2438218 1037059 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. 2438218 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X SETH FRANKLE 2127905700 25W 39TH ST NEW YORK NY 10018 DAVID ELLEN BOARD CHAIR 1.00 X X 0 0 0 JAMES GREEN PRES, TREAS, SEC & EXEC, D 1.00 X X 0 0 0 CLEVE MILLER DIRECTOR OF OPERATIONS 40.00 X X 97455 0 14179 JOSH EASDON SQUASH TEACHING PROFESSIONAL 40.00 X 138000 0 0 235455 0 14179 3 0 0 0 GIBSON DUNN & CRUTCHER LLP 333 SOUTH GRAND AVE LOS ANGELES CA 90071 CONSULTING 300000 BRICAULT DESIGN INC 407 WEST CORDOVA ST VANCOUVER CA V6B 1E5 DESIGN WORK 211521 TIM MATCHT 50 WEST STREET APT 16D NEW YORK NY 10006 CONSULTING 175000 VVA PROJECT & COST MANAGERS 117 EAST 31ST STREET NEW YORK NY 10016 PROJECT MANAGEMENT 161934 TPG ARCHITECTURE LLP 132 WEST 31ST ST 31 PENN PLAZA NEW YORK NY 10001 CONSULTING 145856 0 910207 55836 505514 1471557 PROGRAM INCOME 611620 1030046 1030046 COURT RENTAL 713940 7013 7013 1037059 100 100 3500 55836 38333 -34833 -34833 38910 44178 -5268 -5268 2468615 1037059 0 -40001 111634 111634 626701 626701 49334 49334 53847 53847 185132 20132 165000 94593 94593 271225 251458 19767 363901 251590 112311 158809 47919 110890 116072 55028 61044 916291 916291 51965 42403 9562 42662 42662 42715 42715 HUDSON GUILD PRO LESSON 6483 6483 REPAIR & MAINTENANCE 3254 3254 DUES & SUBSCRIPTIONS 1737 1737 MEDICAL SUPPLIES 14 14 484 393 91 3096853 2438218 658635 0 971994 180221 1000000 1000000 6161 9401 0 5375 26383 14016 9107828 623524 3346699 8484304 0 5017 6016 13274 5357253 9711608 1091263 258494 1726806 1311091 2800838 8600000 5618907 10169585 X -261654 -457977 -261654 -457977 5357253 9711608 -628238 431915 0 X X 0 0 0 X 137318 270218 4106086 929357 1471557 6914536 46046 324947 670597 1075969 2117559 137318 316264 4431033 1599954 2547526 9032095 137318 234216 3377966 12000 508962 4270462 0 137318 234216 3377966 12000 508962 4270462 4761633 1256 4726 294 125 100 6501 1256 4726 294 125 100 6501 250000 250000 138574 320990 4431327 1850079 2547626 9288596 0.51260 0.40400 0.00070 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3652293 623524 3028769 5455535 5455535 8484304 MAY TOURNAMENT 20874 20874 3631 OCTOBER TOURNAMENT 38462 34962 3500 34702 59336 55836 3500 38333 38333 -34833 DAVID ELLEN BOARD CHAIR SEE SUPPLEMENTAL INFORMATION X 4600000 2000000 0 1 1 THE ELLEN FAMILY CHARITABLE FUND BOARD CHAIR IS TRUSTEE OF FOUNDATION SEE SUPPLEMENTAL INFORMATION X 6600000 6600000 0 1 1 8600000 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (C) PURPOSE OF LOAN: TO PROVIDE INITIAL CAPITAL TO SECURE THE BUILDING LEASE AND TO PROVIDE THE CAPITAL FOR THE CONSTRUCTION OF THE FACILITY. ALSO, THE LOAN HELPED FUND EARLY OPERATING LOSSES. SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: THE LOAN REPORTED IN PART II BETWEEN DAVID ELLEN AND OPEN SQUASH IS COMPOSED OF A $4.6 MILLION PERSONAL LOAN AND A $6.6 MILLION LOAN BETWEEN THE ELLEN FAMILY CHARITABLE FUND AND OPEN SQUASH. THE ELLEN FAMILY CHARITABLE FUND IS DAVID ELLEN'S PERSONAL FOUNDATION OF WHICH HE IS ALSO A TRUSTEE IN. FORM 990, PART VI, SECTION A, LINE 6 PER BY-LAWS ADOPTED IN 2016 - THE CORPORATION SHALL HAVE AS ITS SOLE MEMBER, DAVID ELLEN (OR HEIRS). IF AND WHEN THE CORPORATION HAS PAID OFF IN FULL, INCLUDING ANY ACCRUED INTEREST, ANY AND ALL OUTSTANDING INDEBTEDNESS TO DAVID ELLEN (OR HEIRS), THE SOLE MEMBER SHALL ADD THE THEN-CURRENT DIRECTORS AS ADDITIONAL MEMBERS. EFFECTIVE MAY 2020, THE BY-LAWS WERE AMENDED TO STATE THAT DAVID ELLEN WILL CONTINUE AS THE SOLE MEMBER EVEN AFTER THE DEBT IS SATISFIED. FORM 990, PART VI, SECTION A, LINE 7A DAVID ELLEN FORM 990, PART VI, SECTION A, LINE 7B SAME AS EXPLANATION TO LINE 6 AND 7A ABOVE. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND SENIOR STAFF MEMBER HAS THREE CORE OBLIGATIONS: A DUTY OF CARE, A DUTY OF LOYALTY AND A DUTY OF COMPLIANCE WITH LAW AND POLICIES. ANY TIME THE ORGANIZATION SEEKS TO TRANSACT BUSINESS WITH A RELATED PERSON WHERE THE OFFICER, DIRECTOR, OR SENIOR STAFF MEMBER HAS A WAY TO FINANCIALLY GAIN PERSONALLY FROM THE ARRANGEMENT, THE DIRECTOR, OFFICER, SENIOR STAFF MEMBER MUST DISCLOSE IN WRITING THE SITUATION TO THE PRESIDENT AND SECRETARY AND THEREAFTER RECUSE HIMSELF OR HERSELF FORM ALL DELIBERATIONS AND DECISIONS REGARDING THE ARRANGEMENT (EXCEPT TO PROVIDE INFORMATION AND ANSWER QUESTIONS UPON REQUEST). FURTHER, THE NON-CONFLICTED DECISION MAKERS SHOULD NOT ENTER INTO ANY SUCH ARRANGEMENT THAT ARE MORE FAVORABLE TO THE INDIVIDUAL COMPARED TO ARRANGEMENTS THAT WOULD BE AVAILABLE WITH RESPECT TO SIMILARLY-SITUATED, UNAFFILIATED THIRD PARTIES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 1023 AND ANNUAL FORMS 990 ARE AVAILABLE FOR PUBLIC INSPECTION ON PUBLICLY ACCESSIBLE DATABASES MAINTAINED BY VARIOUS SOURCES, INCLUDING NY ATTORNEY GENERAL'S WEBSITE. THESE DOCUMENTS MAY ALSO BE REQUESTED DIRECTLY FROM THE ORGANIZATION PROVIDED REASONABLE TIME IS GIVEN TO FULLFILL THE REQUEST FOR INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS MAY BE REQUESTED DIRECTLY FROM THE ORGANIZATION PROVIDED REASONABLE TIME IS GIVEN TO FULFILL THE REQUEST FOR INFORMATION. FORM 990, PART XII, LINE 2C: THE BOARD MEETS REGULARLY TO DISCUSS ALL MATTERS INCLUDING ALL FINANCIAL AND AUDIT MATTERS. FORM 990, PART XI, LINE 8: AT THE TIME OF FILING, THE ORGANIZATION IS IN THE PROCESS OF COMPLETING ITS 2021 AUDIT. DURING THE AUDIT PROCESS SEVERAL ADJUSTMENTS WERE MADE RESULTING IN A PRIOR PERIOD ADJUSTMENT TO RETAINED EARNINGS. THE MAJORITY RELATED TO THE NCA SETTLEMENT. THE PRIOR YEAR RETURN SHOWED A $500,000 NCA EXPENSE BEING RECOGNIZED OVER TIME FOR GAAP PURPOSES, IT SHOULD HAVE BEEN TAKEN AS AN EXPENSE IN ONE YEAR. THE ORGANIZATION PLANS TO AMEND THE 2021 RETURN ONCE THE AUDIT IS COMPLETE.