Gymnastics Inc
- Assets
- $2.1m
- Revenue
- $455.0k
- Investments
- $0.0
- Employees
- 36
- Location
- Minot, ND
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 45-0419443
Organization Overview
Gymnastics Inc is located in Minot, ND. The organization was established in 1992. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Gymnastics Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gymnastics Inc 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 06/2022, Gymnastics Inc generated $455.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $410.3k during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GYMNASTICS EDUCATION & FITNESS PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVERAL GYMNASTIC TRAINING SESSIONS PROVIDED THROUGHOUT THE YEAR TO THE GENERAL PUBLIC, APPROXIMATELY 500 CHILDREN PARTICIPATE IN CLASSES DURING ANY GIVEN SESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Halverson Secretary | Officer | 2 | $0 |
Eric Peters President | Officer | 2 | $0 |
Lolly Gorze Vice President | Officer | 2 | $0 |
Brock Green Treasurer | Officer | 2 | $0 |
Alissa Mack Board Member | Trustee | 2 | $0 |
Dana Lizotte Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,287 |
| Total Program Service Revenue | $365,840 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $60,871 |
| Compensation of current officers, directors, key employees. | $60,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,398 |
| Office expenses | $16,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,496 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,115 |
| Insurance | $20,815 |
| All other expenses | $0 |
| Total functional expenses | $410,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,674 |
| Savings and temporary cash investments | $8,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,121,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,135,572 |
| Accounts payable and accrued expenses | $24,514 |
| 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 | $1,389,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,413,901 |
| Net assets without donor restrictions | $0 |
| 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 | $721,671 |
| Total liabilities and net assets/fund balances | $2,135,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gymnastics Inc has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Sports Center Foundation Blaine, MN | $27,150,165 | $17,022,739 |
Keystone Community Services St Paul, MN | $8,365,266 | $10,237,066 |
Tennis & Education Inc Saint Paul, MN | $4,348,545 | $2,852,378 |
United Sports Academy North Sioux City, SD | $487,095 | $1,858,577 |
Eagan Athletic Association Eagan, MN | $1,025,643 | $1,830,923 |
Boys & Girls Club Of The Flathead Reservation Ronan, MT | $9,880,920 | $2,306,512 |
Central Collegiate Hockey Association Inc Deephaven, MN | $346,760 | $1,284,146 |
West Fargo Hockey Association Inc West Fargo, ND | $4,329,462 | $2,916,866 |
Rosemount Area Hockey Association Rosemount, MN | $640,181 | $1,169,578 |
Running Usa Inc Minneapolis, MN | $710,193 | $812,424 |
Upper Midwest Athletic Conference St Paul, MN | $141,700 | $833,571 |
Soccer Education Foundation Inc Bozeman, MT | $287,917 | $681,452 |