2024-05-15T11:07:57-05:00 2023-06-30 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-07-01 166050490 UNITED STATES SQUASH RACQUETS ASSOC INC UNIT 2122684090 25 N 33RD STREET PHILADELPHIA PA 19104 MELINDA BERKMAN PRESIDENT & CEO 2122684090 2024-05-15 1 MELINDA BERKMAN 999009999 0 PHILIP H CORNBLATT CPA P00252478 4107834900 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN KLIPSTEIN 25 N 33RD STREET PHILADELPHIA PA 19104 8563434 0 X WWW.USSQUASH.COM X 1957 NY UNITED STATES SQUASH RACQUETS ASSOCIATION, INC. ("US SQUASH") IS THE GOVERNING BODY OF THE GAME OF SQUASH RACQUETS IN THE UNITED STATES. ITS MISSION IS TO LEAD SQUASH'S GROWTH AND DEVELOPMENT BY INCREASING ACCESS AND AWARENESS, SUPPORTING MEANINGFUL LIFELONG ENGAGEMENT IN THE SPORT, AND ENCOURAGING SPORTSMANSHIP WHILE ACHIEVING COMPETITIVE EXCELLENCE AT THE HIGHEST LEVELS. 21 17 69 250 56191 0 5236123 3003610 3222813 6158602 233914 42998 -783003 -1053443 7909847 8151767 22644 0 0 0 4843425 5040248 0 0 824165 4158446 5587693 9024515 10627941 -1114668 -2476174 38896323 37279820 4540655 5283343 34355668 31996477 X US SQUASH IS THE GOVERNING BODY OF THE GAME OF SQUASH RACQUETS IN THE USA. ITS MISSION IS TO LEAD SQUASH'S GROWTH AND DEVELOPMENT BY INCREASING ACCESS AND AWARENESS, SUPPORTING MEANINGFUL LIFELONG ENGAGEMENT IN THE SPORT, AND ENCOURAGING SPORTSMANSHIP. 0 0 4588991 3779658 ORGANIZED ACTIVITIES: ORGANIZED PLAY, ACCREDITATION AND RANKINGS: US SQUASH IS RESPONSIBLE FOR ACCREDITING TOURNAMENTS AND LEAGUES NATIONALLY, SETTING THE BASIC STANDARDS AND GUIDELINES FOR COMPETITION. SEVERAL HUNDRED TOURNAMENTS ARE ACCREDITED ANNUALLY, ALONG WITH CITY LEAGUES IN TWO DOZEN MARKETS, AND NUMEROUS LADDERS AND LEAGUES AT LOCAL FACILITIES. US SQUASH WORKS WITH OVER 200 TOURNAMENT DIRECTORS AND LEAGUE COORDINATORS TO SUPPORT THE MANAGEMENT OF THESE COMPETITIONS. THE ASSOCIATION RUNS AND MAINTAINS THE OFFICIAL NATIONAL RANKING SYSTEM FOR JUNIOR AND ADULT PLAYERS BASED OFF ACCREDITED PLAY RESULTS. GRASSROOTS DEVELOPMENT: US SQUASH IS RESPONSIBLE FOR GRASSROOTS DEVELOPMENT OF THE SPORT AND ACHIEVES THIS THROUGH MULTIPLE PROGRAMS. THE ASSOCIATION ACCREDITS LOCAL COMPETITIONS TO LOWER THE BAR FOR ENTRY TO THE SPORT, PROVIDES SOFTWARE TOOLS TO HELP CLUBS AND PROGRAMS MANAGE PLAY AND BRING IN NEW PLAYERS, PARTNERS WITH AND SUPPORTS COMMUNITY PROGRAMS TO BUILD BEST PRACTICES FOR EXISTING AND NEW FACILITIES, AND OPERATES THE ARLEN SPECTER US SQUASH CENTER TO HOST COMMUNITY SQUASH PROGRAMS, NATIONAL CHAMPIONSHIPS AND OTHER PROGRAMMING. THE ASSOCIATION PROVIDES GRANTS FOR THE CONVERSION OF NEW COURTS. US SQUASH WORKS IN CLOSE PARTNERSHIP WITH THE SQUASH & EDUCATION ALLIANCE TO PROVIDE MORE THAN $100,000 IN CASH AND INKIND SUPPORT FOR URBAN SQUASH NATIONALLY, AND PARTNERS WITH THE COLLEGE SQUASH ASSOCIATION TO SUPPORT AND GROW NEW PROGRAMS AT COLLEGES AND UNIVERSITIES. NATIONAL CHAMPIONSHIPS AND EVENTS: US SQUASH MANAGES AND RUNS MORE THAN 20 NATIONAL CHAMPIONSHIPS EACH YEAR FOR JUNIORS AND ADULTS IN SINGLES AND DOUBLES PLAY, WITH THE EVENTS HOSTING MORE THAN 5,000 PARTICIPANTS. THE ASSOCIATION OWNS AND RUNS THE U.S. OPEN PROFESSIONAL CHAMPIONSHIP DIRECTLY AND LICENSES THE NORTH AMERICAN OPEN. NATIONAL TEAMS AND HIGH PERFORMANCE DEVELOPMENT: US SQUASH OPERATES THE NATIONAL TEAMS AND HIGH PERFORMANCE DEVELOPMENT PROGRAMS IN THE U.S. THE ASSOCIATION IS A MEMBER ORGANIZATION OF THE U.S. OLYMPIC & PARALYMPIC COMMITTEE AND COORDINATES WITH THEM TO DEVELOP AND IMPLEMENT HIGH PERFORMANCE ATHLETE PROGRAMS. THESE INCLUDE FOUR PRIMARY TEAMS THE JUNIOR WOMEN'S AND MEN'S TEAMS, AND ADULT WOMEN'S AND MEN'S TEAMS. THESE TEAMS REPRESENT THE U.S. IN INTERNATIONAL COMPETITIONS INCLUDING THE WORLD TEAM CHAMPIONSHIPS, JUNIOR WORLD TEAM CHAMPIONSHIPS, THE PANAMERICAN JUNIOR AND ADULT CHAMPIONSHIPS AND THE QUADRENNIAL PANAMERICAN GAMES WHICH IS ONE LEVEL BELOW THE OLYMPIC GAMES. OTHER ACTIVITIES INCLUDE THE MULTIWEEK US SQUASH CAMPS, REGIONAL AND NATIONAL SQUAD TRAINING, THE HIGH PERFORMANCE PROGRAM PROVIDING SUPPORT FOR TOP U.S. TOURING PROFESSIONALS, MANY OF THESE PROGRAMS OCCURRING AT THE NATIONAL CENTER THE ARLEN SPECTER US SQUASH CENTER. THE PROGRAMS INVOLVE WORKING WITH MORE THAN 10 NATIONAL COACHES AND MORE THAN 40 REGIONAL COACHES. GOVERNANCE AND STANDARDS: US SQUASH IS RESPONSIBLE FOR THE OVERALL GOVERNANCE AND STANDARDS OF THE SPORT AND REPRESENTS THE U.S. AS A MEMBER OF THE WORLD SQUASH FEDERATION. US SQUASH HAS FIVE STANDING COMMITTEES NOMINATING & GOVERNANCE, FINANCE & INVESTMENT, INSTITUTIONAL ADVANCEMENT, JUDICIAL, AND AUDIT & RISK AND NUMEROUS ADDITIONAL COMMITTEES TO ASSIST WITH ITS PROMOTION OF THE SPORT IN MEMBER OF THE U.S. CENTER FOR SAFESPORT, AND US SQUASH ESTABLISHES AND ENFORCES THE CODE OF CONDUCT. 997458 1641681 MEMBERSHIP: BECOMING A US SQUASH MEMBER ENTITLES THE CLUB OR SCHOOL TO A BROAD RANGE OF BENEFITS INCLUDING PROVIDING THE ABILITY TO HOST ACCREDITED ACTIVITES AND SERVICES FOR COACHES, PROFESSIONALS AND PLAYERS. ADDITIONALLY, US SQUASH MAINTAINS CERTIFICATION PROGRAMS FOR COACHES, REFEREES, AND TOURNAMENT DIRECTORS, EACH WITH SEVERAL LEVELS OF CERTIFICATION. THE ASSOCIATION COORDINATES THESE PROGRAMS WITH THE WORLD SQUASH FEDERATION AND THE PROFESSIONAL SQUASH ASSOCIATION. 2992374 737263 THE OPERATIONS OF THE ARLEN SPECTER US SQUASH CENTER: THE ARLEN SPECTER US SQUASH CENTER OPENED IN 2021 AS THE NEW HOME OF THE SPORT IN THE U.S. THE SPECTER CENTER IS HOUSED IN THE HISTORIC PENNSYLVANIA STATE ARMORY BUILDING ON DREXEL UNIVERSITY'S CAMPUS AND PHILADELPHIA'S BURGEONING UNIVERSITY CITY. THE FACILITY FEATURES 18 SINGLES COURTS INCLUDING 2 ALL GLASSEXHIBITION COURTS AND 2 NORTH AMERICAN DOUBLES COURTS. THE SPECTER CENTER HOUSES THE U.S. SQUASH HALL OF FAME, A HIGH PERFORMANCE TRAINING CENTER FOR TEAM USA ATHLETES, THE US SQUASH NATIONAL HEADQUARTERS, AND A LEARNING & INNOVATION CENTER THROUGH WHICH SQUASHSMARTS WILL EXPAND ITS INTENSIVE OUTOFSCHOOL ACADEMIC AND ATHLETIC MENTORING PROGRAM. THE SPECTER CENTER WILL HOST NUMEROUS LOCAL, NATIONAL AND INTERNATIONAL COMPETITIONS THROUGHOUT THE YEAR, AND FIELDS THE COUNTRY'S FIRST URBAN, SCHOOL DISTRICT SUPPORTED PUBLIC SCHOOL SQUASH LEAGUE. THE SPECTER CENTER ANCHORS THE US SQUASH COMMUNITY AFFILIATE NETWORK AND JOINS EXISTING COMMUNITY AFFILIATE PARTNERS ACROSS THE COUNTRY THAT SHARE BEST PRACTICES AND MODELS TO WELCOME AND INTEGRATE PEOPLE OF ALL PLAYING ABILITIES, AGES, FAITHS, AND MULTICULTURAL AND SOCIOECONOMIC BACKGROUNDS. THE MISSION OF THE SPECTER CENTER IS TO ENVISION PEOPLE OF ALL AGES, ABILITIES AND BACKGROUNDS ENJOYING SQUASH, PLAYING THE GAME WITH A POSITIVE SPIRIT, AND PARTICIPATING IN PROGRAMS THAT FOSTER CAMARADERIE, FACILITATE COMPETITION, AND ENCOURAGE HEALTHY LIFESTYLES. US SQUASH CREATES AND PROMOTES OPPORTUNITIES TO BECOME PART OF AN EVER BROADENING SQUASH COMMUNITY, ONE WIDELY KNOWN TO VALUE EXCELLENCE, DIVERSITY, FAIRPLAY AND SPORTSMANSHIP. 299238 MARKETING AND PROMOTION:US SQUASH IS RESPONSIBLE FOR MARKETING AND PROMOTION OF THE SPORT, AND MAINTAINS SEVERAL WEBSITES INCLUDING WWW.USSQUASH.COM. THE ASSOCIATION PUBLISHES SQUASH MAGAZINE SEVERAL TIMES ANNUALLY, MANAGES SOCIAL MEDIA PLATFORMS, PUBLISHES REGULAR NEWS ARTICLES, AND SENDS A BIWEEKLY ENEWSLETTER AND DIRECT CONSTITUENT COMMUNICATIONS. 299238 8878061 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 143 0 1 69 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X MELINDA BERKMAN 2155960265 25 N 33RD STREET PHILADELPHIA PA 19104 OLIVIA BLATCHFORD-CLYNE DIRECTOR - ATHLETE REP 10.00 X 0 0 0 DANIEL DOLAN BOARD MEMBER 1.00 X 0 0 0 PETER DUNNE BOARD MEMBER 1.00 X 0 0 0 OLIVIA FIECHTER DIRECTOR - ATHLETE REP 10.00 X 0 0 0 ANDREW FINK BOARD MEMBER 1.00 X 0 0 0 CHRIS GORDON DIRECTOR - ATHLETE REP 10.00 X 0 0 0 CHRIS HANSON DIRECTOR - ATHLETE REP 1.00 X 0 0 0 TODD HARRITY DIRECTOR - ATHLETE REP 1.00 X 0 0 0 FRANCIS JOHNSON BOARD MEMBER 1.00 X 0 0 0 KARA KARDON EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 NICHOLAS LE PORE BOARD MEMBER 1.00 X 0 0 0 KEVIN LUZAK EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 JENNIFER MACKESY BOARD MEMBER 1.00 X 0 0 0 JOHN NIMICK EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 ROBERT OSBORNE BOARD MEMBER 1.00 X 0 0 0 RICHARD POIRIER BOARD MEMBER 1.00 X 0 0 0 LINDA ROBINSON BOARD MEMBER 1.00 X 0 0 0 AMANDA SOBHY DIRECTOR - ATHLETE REP 10.00 X 0 0 0 SHANIN SPECTER BOARD MEMBER 1.00 X 0 0 0 ALBERT TIERNEY BOARD CHAIR 5.00 X 0 0 0 PARTICK WILLIAMS EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 KEVIN KLIPSTEIN PRESIDENT & CEO 38.00 2.00 X 399990 0 27000 EDWARD EDWARDS ED, SPECTER CENTER 40.00 X 256775 0 12839 RYAN RAYFIELD CHIEF TECHNOLOGY OFFICER 40.00 X 180016 0 33996 MELINDA BERKMAN CHIEF FINANCIAL OFFICER 40.00 X 178108 0 4468 KIM CLEARKIN CHIEF PROGRAM OFFICER 40.00 X 169227 0 16272 JAMES NEIDERER GM, SPECTER CENTER 40.00 X 164128 0 17872 1348244 0 112447 6 0 1 0 CALADATA LLC 1030 BRIDGETON ROAD WESTBROOK ME 04092 CLUB LOCKER CONSULT & INSTALL 115171 1 3003610 3003610 MEMBERSHIP INCOME 713990 1641681 1641681 ENTRY FEES AND OTHER 713990 1563241 1507050 56191 ACCREDITATION FEES 713990 1387396 1387396 PROGRAM INCOME 713990 737263 737263 SPONSORSHIP INCOME 713990 537924 537924 291097 291097 6158602 47473 47473 407192 411667 -4475 -4475 -4475 US DEV CORP LOSS 900099 -1053443 -1053443 -1053443 8151767 5044493 56191 47473 X 1460691 1460691 2869510 2176678 346416 346416 710047 596439 56804 56804 365127 306707 29210 29210 74190 62320 5935 5935 609770 512206 48782 48782 119186 83430 35756 220115 184897 17609 17609 235210 197576 18817 18817 444150 373086 35532 35532 988938 830708 79115 79115 66616 66616 239194 200923 19136 19135 265891 223349 21271 21271 OTHER EXPENSES 1203617 1037796 76540 89281 PRIZE MONEY 499413 499413 0 0 REPAIRS & MAINTENANCE 78342 65808 6267 6267 PAYROLL SERVICE FEES 56126 47146 4490 4490 121808 102318 9745 9745 10627941 8878061 925715 824165 1362560 559066 2114658 1694997 960558 135217 41143 0 2566808 1378007 1308301 1188801 1972750 2002667 31136353 31699072 38896323 37279820 1690569 1474257 850186 1809186 1999900 1999900 4540655 5283343 X 29007402 27052787 5348266 4943690 34355668 31996477 38896323 37279820 -2476174 130094 -13111 0 X 0 1 X 1 0 X 13754941 8161383 5461166 5528585 3062282 35968357 2741276 2098294 371227 1965475 6158602 13334874 16496217 10259677 5832393 7494060 9220884 49303231 1365061 2580000 265000 2436270 463926 7110257 0 1365061 2580000 265000 2436270 463926 7110257 42192974 127419 43418 42384 44476 47473 305170 127419 43418 42384 44476 47473 305170 87393 191005 3560161 -783003 -1053443 2002113 16711029 10494100 9434938 6755533 8214914 51610514 0.81750 0.66260 0.00590 0.00750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2994232 156092 128216 3022108 3534042 -352180 187630 2994232 3028888 629913 124759 3534042 4799615 2200 141351 1914278 3028888 4633347 61735 228747 124214 4799615 0.00000 0.79697 0.20303 0 0 191156 92724 98432 2375652 1285283 1090369 1188801 DEVELOPER FEE RECEIVABLE 3480000 DUE FROM AFFILIATES 6086892 OTHER ASSETS 82142 INVESTMENT IN SUBSIDIARY 22050038 31699072 X PART X, LINE 2: US SQUASH HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE CODE. US SQUASH EARNS ADVERTISING REVENUE AND CONSIDERS THIS REVENUE TO BE UNRELATED TO ITS EXEMPT PURPOSE; AND THEREFORE, THIS REVENUE IS DEEMED TAXABLE. FOR THE YEAR ENDED JUNE 30, 2023, UNRELATED BUSINESS EXPENSES EXCEEDED UNRELATED BUSINESS INCOME. THEREFORE, US SQUASH DOES NOT HAVE A TAX LIABILITY AS OF JUNE 30, 2023 AND NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FOR FISCAL-YEAR 2023, THE MANAGEMENT OF US SQUASH DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. US SQUASH IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN FOR EXAMINATION. PART V, LINE 4 US SQUASH'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES CONSISTENT WITH US SQUASH'S MISSION. PART X, LINE 2 US SQUASH IS SUBJECT TO THE PROVISIONS OF THE FASB'S ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTINTY IN INCOME TAXES. BECAUSE US SQUASH HAS ALWAYS RECORDED THE POTENTIAL LIABILITY FOR UNRELATED BUSINESS INCOME TAXES RELATED TO ADVERTISING SALES, AND, DUE TO ITS GENERAL NOT-FOR-PROFIT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON US SQUASH'S CONSOLIDATED FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 1 0 KEVIN KLIPSTEIN PRESIDENT & CEO 274992 0 115000 0 9998 0 27000 0 0 0 426990 0 0 0 EDWARD EDWARDS ED, SPECTER CENTER 212875 0 40000 0 3900 0 12839 0 0 0 269614 0 0 0 RYAN RAYFIELD CHIEF TECHNOLOGY OFFICER 180016 0 0 0 0 0 19013 0 14983 0 214012 0 0 0 KIM CLEARKIN CHIEF PROGRAM OFFICER 169227 0 0 0 0 0 10500 0 5772 0 185499 0 0 0 MELINDA BERKMAN CHIEF FINANCIAL OFFICER 175008 0 0 0 3100 0 4468 0 0 0 182576 0 0 0 JAMES NEIDERER GM, SPECTER CENTER 164128 0 0 0 0 0 7000 0 10872 0 182000 0 0 0 PART I, LINE 7 THE PRESIDENT & CEO RECEIVED PERFORMANCE BASED BONUSES APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL PERSON MAY BECOME AN ANNUAL MEMBER, AN HONORARY LIFE MEMBER OR A MEMBER OF SUCH OTHER CLASS OF INDIVIDUAL MEMBERSHIP AS MAY, FROM TIME TO TIME, BE ESTABLISHED BY THE BOARD OF DIRECTORS (HEREINAFTER REFERRED TO AS "MEMBERS"). INDIVIDUAL PERSONS MAY BECOME HONORARY LIFE MEMBERS UPON ELECTION BY THE BOARD. ANY PERSON, INCLUDING, BUT NOT LIMITED TO, ANY PERSON WHO IS AN ATHLETE, COACH, TRAINER, MANAGER, ADMINISTRATOR, OR OFFICIAL ACTIVE IN THE SPORT OF SQUASH, MAY BECOME AN ANNUAL MEMBER OR HONORARY LIFE MEMBER OF THE ASSOCIATION AS PROVIDED IN THE BYLAWS. ANNUAL MEMBERS AND HONORARY LIFE MEMBERS SHALL BE ENTITLED TO VOTE AT THE ANNUAL MEETING AND SPECIAL MEETINGS OF THE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE INDEPENDENT ACCOUNTANTS AND IT IS REVIEWED BY MANAGEMENT AND THEN SENT TO THE AUDIT AND RISK COMMITTEE FOR REVIEW AND APPROVAL BEFORE DISTRIBUTION TO THE BOARD. THE BOARD IS GIVEN A COMMENT PERIOD, PRIOR TO ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. HOWEVER, NO FORMAL ACTION BY THE BOARD IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 12C THOSE WHO SERVE US SQUASH, WHETHER AS VOLUNTEERS OR PAID PROFESSIONALS, ARE REQUIRED TO READILY DISCLOSE ANY CONFLICTING INTERESTS WHENEVER THEY ARISE, AS WELL AS PHYSICAL ABSENCE FROM AND STRICT NONPARTICIPATION IN ANY EVALUATION OR DECISION MAKING PROCESS RELATING TO MATTERS IN WHICH THE INDIVIDUAL HAS A REAL OR APPARENT CONFLICT OF INTEREST. AS PART OF THE NOMINATING AND GOVERNANCE COMMITTEE AND JUDICIAL COMMITTEE'S COMMITTEE CHARTERS, ITS AUTHORITY AND PROCEDURES INCLUDE INVESTIGATING ANY MATTERS INVOLVING A CONFLICT OF INTEREST, ELECTION IMPROPRIETY, VIOLATION OF THE CODE OF CONDUCT OR ETHICS, PRINCIPLES & CONFLICT OF INTEREST POLICY, OR ANY PERTINENT MATTER SUBMITTED FOR REVIEW AND RECOMMEND ACTION FOR REVIEW AND FINAL APPROVAL BY THE BOARD OF DIRECTORS. IN SUMMARY, BOARD MEMBERS, OFFICERS AND KEY STAFF MEMBERS ARE REQUIRED TO DISCLOSE EVEN THE APPEARANCE OF A CONFLICT OF INTEREST, AND THE NOMINATING AND GOVERNANCE COMMITTEE AND JUDICIAL COMMITTEE ARE TASKED WITH INVESTIGATIONS AND REVIEWS, IN ADDITION TO PROVIDING CLEARANCES, IF APPLICABLE, WHEN POTENTIAL CONFLICTS ARE BROUGHT TO THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS COMPRISED OF THE BOARD CHAIR, THE CHAIR OF THE FINANCE AND INVESTMENT COMMITTEE, CHAIR OF THE NOMINATING & GOVERNANCE COMMITTEE, ANY VICE CHAIRS AND THE ATHLETE REPRESENTATIVE AND ALTERNATE REPRESENTATIVE TO REVIEW THE COMPENSATION OF THE CEO ANNUALLY. THE COMPENSATION COMMITTEE CONSIDERS ANNUAL SURVEYS OF COMPENSATION LEVELS OF COMPARABLE EXECUTIVES TO ENSURE THE US SQUASH CEO'S COMPENSATION IS CONSISTENT WITH THE MARKET. THE BOARD CONDUCTS FORMAL WRITTEN PERFORMANCE REVIEWS OF THE CEO AT A MINIMUM ANNUALLY. EACH BOARD MEMBER IS ASKED TO PROVIDE A WRITTEN EVALUATION BASED UPON PREAGREED CRITERIA IN ORDER TO DETERMINE THESE REVIEWS. EACH REVIEW ALSO INCLUDES A REVIEW OF THE EXECUTIVE'S COMPENSATION WHICH CONSIDERED THE PARAMETERS SET FORTH ABOVE. IN ADDITION, THE BOARD CHAIR PERIODICALLY REVIEWS THE CEO'S TRAVEL AND ENTERTAINMENT REIMBURSEMENT PRACTICES AND AMOUNTS TO ENSURE THEY ARE IN ACCORDANCE WITH CUSTOMARY AND REASONABLE BEST PRACTICES. THE FINANCE AND INVESTMENT COMMITTEE AND THE COMPENSATION COMMITTEE, COLLECTIVELY HAVE THE RESPONSIBILITY TO DETERMINE WHETHER OR NOT IT WILL RECOMMEND TO THE ENTIRE BOARD, FOR ITS REVIEW AND CONSIDERATION, AN ANNUAL DISCRETIONARY COMPENSATION BONUS BASED ON THE RESULTS OF THE PERFORMANCE REVIEW. IN CONSIDERING WHETHER OR NOT A BONUS IS WARRANTED, THE FINANCE, INVESTMENT AND COMPENSATION COMMITTEE AND BOARD AS A WHOLE WILL CONSIDER WHETHER THE ASSOCIATION HAS MET THE FINANCIAL EXPECTATIONS SET FORTH IN THE ANNUAL BUDGET AND OTHER PREAGREED UPON PERFORMANCE CRITERIA SUCH AS MEMBERSHIP GROWTH, EFFECTIVE PROGRAM IMPLEMENTATION, IMPROVEMENT, AND OVERSIGHT, KNOWN AS KEY TACTICAL INDICATORS. THE ANTICIPATED RANGE OF THE CEO'S DISCRETIONARY BONUS IS TO BE BETWEEN 5% AND 25% OF BASE COMPENSATION IN YEARS WITH OVERALL SATISFACTORY JOB PERFORMANCE. THE CEO REVIEWS AND MAKES RECOMMENDATIONS TO THE COMPENSATION COMMITTEE FOR OFFICER AND KEY EMPLOYEE COMPENSATION AND THE COMPENSATION COMMITTEE APPROVES IT FOR RECOMMENDATION TO THE BOARD IN THE CONTEXT OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 US SQUASH MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC THAT ARE REQUIRED BY LAW. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 512,206. MANAGEMENT AND GENERAL EXPENSES 48,782. FUNDRAISING EXPENSES 48,782. TOTAL EXPENSES 609,770. RECIPROCITIE LLC 25 N 33RD STREET PHILADELPHIA PA 19104 834033635 SOFTWARE DE 0 0 US SQUASH GLOBAL SQUASH COLLABORATIVE 25 N 33RD STREET PHILADELPHIA PA 19104 834048712 SUPPORT USSRA DE 0 0 US SQUASH COLLEGE SQUASH ASSOCIATION LLC 25 N 33RD STREET PHILADELPHIA PA 19104 SUPPORT USSRA DE -72003 99494 US SQUASH 3205 MASTER TENANT LLC 3205 LANCASTER AVENUE PHILADELPHIA PA 19104 843783933 RENTAL REAL ESTATE PA US SQ DEV CO EXCLUDED 0 0 0.01000 3205 LANCASTER AVENUE I LLC 3205 LANCASTER AVENUE PHILADELPHIA PA 19104 824365047 RENTAL REAL ESTATE PA US SQ DEV CO EXCLUDED 0 0 0.90000 US SQUASH DEVELOPMENT CORPORATION 3205 LANCASTER AVENUE PHILADELPHIA PA 19104 831432987 REAL ESTATE DEV. PA US SQUASH C -1773036 26375759 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3205 MASTER TENANT LLC D 1214452 COST 3205 LANCASTER AVENUE I LLC D 3480000 COST 3205 LANCASTER AVENUE I LLC D 1714637 COST