Capitol Squash INC FY2022 filing

Tax-deductible

Hartford, CT501(c)(3)Recreation & SportsEIN 27-2791355Revenue $829K in FY2022

On file with the IRScapitolsquash.org300 Summit St, 06106-3100 · Hartford, CTTax-exempt since Apr 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To empower the youth of Hartford to reach their potential as athletes, scholars, and engaged citizens.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $238K a year · 31% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$829K
+10% vs prior year
Spent
$406K
To programs
64%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$829K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$756K
FY2022$829K
FY2023$826K
FY2024$648K
FY2025$786K
Expenses
$406K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$352K
FY2022$406K
FY2023$513K
FY2024$625K
FY2025$758K
Net assets
$2.4M
FY2022▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.0M
FY2022$2.4M
FY2023$2.7M
FY2024$2.8M
FY2025$2.8M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $258K Management & general 24% · $96K Fundraising 13% · $52K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Dir.
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Meg Taylor’s $155K as Executive Dir. is at the 99th percentile of top reported officer pay among 1016 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Meg Taylor$154,782$115,250$107,500$100,000$91,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Capitol Squash INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Hartford youth to excel as athletes, scholars, and citizens.

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Provided by the organization

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3 programs · $258K · in their own filed words · FY2021
01

Guided by an inch wide, mile deep philosophy of youth programming, Capitol Squash begins working with students in elementary school and engages them in intensive, year-round programming through high school and college. During the fiscal year ended June 30, 2022, Capitol Squash completed its eighth year of programming.

$258Kprogram expense
02

Squash court time donated by Trinity College. Approximately 27 weeks at 45 hours per week with an estimated value of $18,225.

$18Kprogram expense
03

Less in-kind contribution of facilites, not reported in expenses.

−$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$829K
Ln 12
Gifts and grantsLn 1h$806K
Investment incomeLn 3$23K
Money outPt IX
$406K
Ln 25
Programscol B$258K
Managementcol C$96K
Fundraisingcol D$52K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$2.4M
LiabilitiesLn 26$24K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$806K
Noncash giftsLn 1g$32K
Investment incomeLn 3$23K
Gains on assetsLn 7$114
Total revenueLn 12$829K
Assets in detailPt X, end of year
CashLn 1$245K
SavingsLn 2$0
Cash and savings togetherLn 1–2$245K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$0
Total assetsLn 16$2.4M
LiabilitiesLn 26$24K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$636K$245K
InvestmentsLn 11–13$1.0M$1.7M
Land, buildings, equipmentLn 10c$17K$13K
Total assetsLn 16$2.0M$2.4M
LiabilitiesLn 26$41K$24K
Net assetsLn 32$2.0M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$100K$40K$30K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$152K$138K$14K
Pension plan contributionsLn 8$7K$5K$1K$869
Other employee benefitsLn 9$15K$10K$3K$2K
Payroll taxesLn 10$20K$14K$4K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$31K$201$23K$8K
Advertising and promotionLn 12$0
Office expensesLn 13$4K$4K
Information technologyLn 14$4K$1K$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$15K$15K$42
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$604$604
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K$1K$6K
InsuranceLn 23$15K$13K$2K$37
Other expenses (24a–d)Ln 24$26K$20K$7K
All other expensesLn 24e$2K$566$829$536
Total functional expensesLn 25$406K$258K$96K$52K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $786K$758K$28K$2.8M 990 PDF
FY2024 $648K$625K$23K$2.8M 990 PDF
FY2023 $826K$513K$312K$2.7M 990 PDF
FY2022 Viewing $829K$406K$422K$2.4M 990 PDF
FY2021 $756K$352K$404K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $828,706 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $729,952$805,684
I-9 Program service revenue$0
I-10 Investment incomePrior year $26,055$23,022
I-11 Other revenue$0
I-12 Total revenuePrior year $756,007$828,706
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $277,003$293,118
I-16a Professional fundraising feesPrior year $3,681$0
I-17 Other expensesPrior year $71,206$113,208
I-18 Total expensesPrior year $351,890$406,326
I-19 Revenue less expensesPrior year $404,117$422,380
Part VI · Governance 25 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $828,706 across 9 lines filed
VIII-1f All other contributions, gifts and grants$805,684
VIII-1g Noncash contributions (included above)$32,062
VIII-1h Total contributions, gifts and grants$805,684
VIII-3 Investment incomeExcluded from tax $22,908$22,908
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114$114
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $23,022$828,706
Part IX · Statement of functional expenses $406,326 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $40,000 · Management $30,000 · Fundraising $30,000$100,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $138,004 · Management $13,529$151,533
IX-8 Pension plan contributionsPrograms $4,815 · Management $1,262 · Fundraising $869$6,946
IX-9 Other employee benefitsPrograms $10,222 · Management $2,680 · Fundraising $1,846$14,748
IX-10 Payroll taxesPrograms $13,786 · Management $3,614 · Fundraising $2,491$19,891
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,800$7,800
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $201 · Management $22,983 · Fundraising $7,707$30,891
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $4,389$4,389
IX-14 Information technologyPrograms $1,436 · Management $1,436 · Fundraising $1,436$4,308
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $14,847 · Management $42$14,889
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $604$604
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,345 · Management $5,766$7,111
IX-23 InsurancePrograms $12,995 · Management $1,974 · Fundraising $37$15,006
IX-24 Other expenses (24a–d)Programs $19,509 · Fundraising $6,770$26,279
IX-24e All other expensesPrograms $566 · Management $829 · Fundraising $536$1,931
IX-25 Total functional expensesPrograms $258,330 · Management $96,304 · Fundraising $51,692$406,326
Part X · Balance sheet $2,394,448 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $284,706$245,382
X-2 Savings and temporary cash investmentsStart of year $351,221$0
X-3 Pledges and grants receivableStart of year $371,445$474,630
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $6,175$3,914
X-10c Land, buildings and equipment, netStart of year $17,390$12,806
X-11 Publicly traded securitiesStart of year $1,014,092$1,657,716
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,045,029$2,394,448
X-17 Accounts payable and accrued expensesStart of year $6,681$12,293
X-26 Total liabilitiesStart of year $40,803$23,623
X-32 Total net assets or fund balancesStart of year $2,004,226$2,370,825
X-33 Total liabilities and net assetsStart of year $2,045,029$2,394,448
Part XI · Reconciliation of net assets $2,370,825 net assets at year end
XI-1 Total revenue$828,706
XI-2 Total expenses$406,326
XI-3 Revenue less expenses$422,380
XI-4 Net assets at start of year$2,004,226
XI-5 Net unrealized gains (losses) on investments−$55,781
XI-10 Net assets at end of year$2,370,825

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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