Gilbert Athletic Booster Club
- Assets
- $352.9k
- Revenue
- $165.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Gilbert, IA
- Founding
- 08/2005
- Data as of
- 07/2022
- EIN
- 20-0561219
Organization Overview
Gilbert Athletic Booster Club is located in Gilbert, IA. The organization was established in 2005. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 07/2022, Gilbert Athletic Booster Club employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilbert Athletic Booster Club 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 07/2022, Gilbert Athletic Booster Club generated $165.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $121.2k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
TO ENCOURAGE EDUCATION THROUGH ATHLETICS VIA SCHOOL ATHLETIC SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE EDUCATION THROUGH ATHLETICS VIA SCHOOL ATHLETIC SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Butch Hansen President | OfficerTrustee | 3 | $0 |
Kirk Howard Past -Pres | OfficerTrustee | 3 | $0 |
Dianna Thatcher Secretary | OfficerTrustee | 3 | $0 |
Amy Mesenbrink Treasurer | OfficerTrustee | 3 | $0 |
Scott Clatt Vice President | Trustee | 3 | $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 | $1,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,144 |
| Total Program Service Revenue | $61,170 |
| Investment income | $0 |
| 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 | $77,637 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,398 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70 |
| Information technology | $931 |
| Royalties | $0 |
| Occupancy | $259 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $953 |
| All other expenses | $734 |
| Total functional expenses | $121,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,222 |
| Savings and temporary cash investments | $106,608 |
| 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 | $52,642 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,397 |
| Total assets | $352,869 |
| Accounts payable and accrued expenses | $425 |
| 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 | $425 |
| Net assets without donor restrictions | $352,444 |
| 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 | $352,869 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gilbert Athletic Booster Club has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Becker Family Foundation Ames, IA PURPOSE: OPERATIONAL | $1,000 |
Underwood Family Foundation Ames, IA PURPOSE: OPERATIONAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cantigny Foundation Wheaton, IL | $482,055,746 | $23,347,648 |
Brooklyn Park Firefighters Relief Associ Association Brooklyn Park, MN | $0 | $41,921 |
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Lakeville Soccer Boosters Inc Lakeville, MN | $714,861 | $1,347,349 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |
Friends Of Roseville Park Roseville, MN | $247,094 | $343,434 |