First State Squash INC FY2023 filing

Tax-deductible

Wilmington, DE501(c)(3)Youth DevelopmentEIN 81-1843120Revenue $510K in FY2023

On file with the IRSfirststatesquash.org524b S Walnut St, 19801-5230 · Wilmington, DETax-exempt since Sep 2016Publicly supported charity — 170(b)(1)(A)(vi)

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First State Squash (FSS) is an academic and athletic youth program providing life-changing opportunities for children from low-income families in Wilmington through the sport of squash, intensive educational support,mentoring, community service activities and cultural exposure.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$82K 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

FY2023 · 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 $652K a year · 60% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
30 mo
of spending, in cash
Looks good: 30.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $273K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$52K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$510K
-84% vs prior year
Spent
$436K
To programs
81%
Net assets
$3.1M
By yearFY2021–FY2025
Revenue
$510K
FY2023▼ -84%
Tap a bar for its year
Revenue by fiscal year
FY2021$305K
FY2022$3.2M
FY2023$510K
FY2024$649K
FY2025$790K
Expenses
$436K
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2021$147K
FY2022$348K
FY2023$436K
FY2024$573K
FY2025$689K
Net assets
$3.1M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$221K
FY2022$3.1M
FY2023$3.1M
FY2024$3.2M
FY2025$3.4M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Sep 2016.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $352K Management & general 10% · $44K Fundraising 9% · $40K

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

15 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$81,658Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Owen Butler’s $104K as Executive Director is at the 89th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2025FY2024FY2023FY2022
Owen Butler$103,995$99,312$81,658$63,659

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 First State 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

Provides squash, education, and mentoring to help low-income Wilmington youth succeed.

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Provided by the organization

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1 program · $352K · in their own filed words · FY2022
01

First state squash supports wilmington students in achieving and sustaining personal academic success and physical wellness through long-term educational, athletic and community engagement opportunities.

$352Kprogram 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 · FY2024
See all 13 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$510K
Ln 12
Gifts and grantsLn 1h$356K
Other incomeLn 4–11$114K
Investment incomeLn 3$33K
Money outPt IX
$436K
Ln 25
Programscol B$352K
Managementcol C$44K
Fundraisingcol D$40K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.2M
LiabilitiesLn 26$52K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$356K
Government grantsLn 1e$54K
Fees for servicesLn 2g$8K
Investment incomeLn 3$33K
Other incomeLn 4–11$114K
Total revenueLn 12$510K
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$3.2M
LiabilitiesLn 26$52K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.3M$1.1M
Land, buildings, equipmentLn 10c$1.3M$1.9M
Total assetsLn 16$3.1M$3.2M
LiabilitiesLn 26$66K$52K
Net assetsLn 32$3.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$72K$9K$9K
Other salaries and wagesLn 7$117K$93K$12K$12K
Other employee benefitsLn 9$14K$11K$1K$1K
Payroll taxesLn 10$14K$11K$1K$1K
Accounting feesLn 11c$2K$1K$183$183
Office expensesLn 13$4K$3K$416$416
OccupancyLn 16$12K$10K$1K$1K
TravelLn 17$9K$7K$885$885
Depreciation, depletion and amortizationLn 22$32K$28K$4K
InsuranceLn 23$22K$17K$2K$2K
Other expenses (24a–d)Ln 24$85K$68K$8K$8K
All other expensesLn 24e$35K$29K$3K$3K
Total functional expensesLn 25$436K$352K$44K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $790K$689K$101K$3.4M 990 PDF
FY2024 $649K$573K$77K$3.2M 990 PDF
FY2023 Viewing $510K$436K$74K$3.1M 990 PDF
FY2022 $3.2M$348K$2.9M$3.1M 990 PDF
FY2021 $305K$147K$158K$221K 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 FY2023 990 (6 parts)
Part I · Summary $510,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,003,945$355,649
I-9 Program service revenue$8,235
I-10 Investment incomePrior year $2$32,729
I-11 Other revenuePrior year $196,228$113,511
I-12 Total revenuePrior year $3,200,175$510,124
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $138,216$234,965
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $209,699$201,216
I-18 Total expensesPrior year $347,915$436,181
I-19 Revenue less expensesPrior year $2,852,260$73,943
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $510,124 across 8 lines filed
VIII-1e Government grants$53,739
VIII-1f All other contributions, gifts and grants$301,910
VIII-1h Total contributions, gifts and grants$355,649
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,235$8,235
VIII-3 Investment incomeExcluded from tax $32,729$32,729
VIII-8 Net income from fundraising eventsExcluded from tax $108,310$108,310
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,201$5,201
VIII-12 Total revenueRelated to mission $8,235 · Excluded from tax $146,240$510,124
Part IX · Statement of functional expenses $436,181 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,000 · Management $9,000 · Fundraising $9,000$90,000
IX-7 Other salaries and wagesPrograms $93,458 · Management $11,682 · Fundraising $11,682$116,822
IX-9 Other employee benefitsPrograms $11,499 · Management $1,437 · Fundraising $1,437$14,373
IX-10 Payroll taxesPrograms $11,017 · Management $1,377 · Fundraising $1,376$13,770
IX-11c Accounting feesPrograms $1,461 · Management $183 · Fundraising $183$1,827
IX-13 Office expensesPrograms $3,328 · Management $416 · Fundraising $416$4,160
IX-16 OccupancyPrograms $9,742 · Management $1,218 · Fundraising $1,217$12,177
IX-17 TravelPrograms $7,083 · Management $885 · Fundraising $885$8,853
IX-22 Depreciation, depletion and amortizationPrograms $28,245 · Management $4,035$32,280
IX-23 InsurancePrograms $17,328 · Management $2,166 · Fundraising $2,166$21,660
IX-24 Other expenses (24a–d)Programs $67,831 · Management $8,478 · Fundraising $8,477$84,786
IX-24e All other expensesPrograms $29,023 · Management $3,332 · Fundraising $3,118$35,473
IX-25 Total functional expensesPrograms $352,015 · Management $44,209 · Fundraising $39,957$436,181
Part X · Balance sheet $3,199,309 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,344,681$1,089,522
X-3 Pledges and grants receivableStart of year $353,333$223,833
X-4 Accounts receivableStart of year $139,339$13,071
X-9 Prepaid expenses and deferred charges$7,669
X-10c Land, buildings and equipment, netStart of year $1,297,615$1,865,214
X-16 Total assetsStart of year $3,138,783$3,199,309
X-17 Accounts payable and accrued expensesStart of year $65,827$32,410
X-19 Deferred revenue$20,000
X-26 Total liabilitiesStart of year $65,827$52,410
X-27 Net assets without donor restrictionsStart of year $1,693,252$2,317,074
X-28 Net assets with donor restrictionsStart of year $1,379,704$829,825
X-32 Total net assets or fund balancesStart of year $3,072,956$3,146,899
X-33 Total liabilities and net assetsStart of year $3,138,783$3,199,309
Part XI · Reconciliation of net assets $3,146,899 net assets at year end
XI-1 Total revenue$510,124
XI-2 Total expenses$436,181
XI-3 Revenue less expenses$73,943
XI-4 Net assets at start of year$3,072,956
XI-10 Net assets at end of year$3,146,899

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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