Gymjam Foundation
- Assets
- $27.9k
- Revenue
- $357.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanside, CA
- Founding
- 06/2007
- Data as of
- 07/2024
- EIN
- 06-1786827
Organization Overview
Gymjam Foundation is located in Oceanside, CA. The organization was established in 2007. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gymjam Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Gymjam Foundation generated $357.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $354.4k during the year ending 07/2024. While expenses have increased by 4.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVES AND PURPOSES OF THE FOUNDATION SHALL BE TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION AS WELL AS CONDUCT NATIONAL OR INTERNATIONAL COMPETITION AND SUPPORT AND DEVELOP AMATEUR ATHLETES FOR COMPETITION. AS SUCH, THE ACTIVITIES OF THE FOUNDATION INCLUDES FUNDRAISING TO ASSIST IN PAYING COSTS FOR MEET FEES, JUDGES FEES, COACHES FEES, TRAVEL EXPENSES, FOOD COSTS, INSURANCE, PROFESSIONAL DEVELOPMENT, PROFESSIONAL SERVICES; HOSTING GYMNASTICS MEETS; PROVIDING ATHLETES WITH SPONSORSHIP FOR NATIONAL AND INTERNATIONAL COMPETITION, AND OTHER EXPENDITURES AND ACTIVITIES EITHER DIRECTLY OR INDIRECTLY ASSOCIATED WITH THE PURPOSE OF THE FOUNDATION AS OUTLINED IN THE ARTICLES OF INCORPORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SERVES APPROXIMATELY 150 COMPETITIVE ATHLETES PER YEAR. SINCE 2006 THE COMPETITIVE TEAMS HAVE PRODUCED APPROXIMATELY 350 STATE CHAMPIONS, 160+ REGIONAL CHAMPIONS, 35 NATIONAL CHAMPIONS, 15 NATIONAL TEAM MEMBERS/DEVELOPMENTAL TEAM MEMBERS AND SENT 60 HIGH SCHOOL GRADUATES ONTO COLLEGIATE GYMNASTICS TEAMS (20+ WITH FULL-RIDE ATHLETIC SCHOLARSHIPS).THE FOUNDATION ALSO SUPPORTS 501C3 ORGANIZATION, CAMP DEL CORAZON, A CAMP FOR CHILDREN WITH CONGENITAL HEART DISEASE.GYMJAM FOUNDATION HAS DONATED NEARLY $150,000 TO NON-PROFIT GROUPS SINCE ITS INCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manfred C Waller President | Trustee | 10 | $0 |
Cynthia Waller Sec & Treasurer | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $357,217 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,446 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,782 |
| Advertising and promotion | $0 |
| Office expenses | $510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,338 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $354,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,074 |
| Savings and temporary cash investments | $20,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $27,865 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,865 |
Grants Awarded
Over the last fiscal year, Gymjam Foundation has awarded $75,446 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP DEL CORAZON PURPOSE: For campers with heart disease | $30,064 |
GYMNASTICS OLYMPICA PURPOSE: Gymnastic Team Expenses | $45,382 |