Berks Gymanastic Team Inc
- Assets
- $10.6k
- Revenue
- $76.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Reading, PA
- Founding
- 06/1998
- Data as of
- 04/2022
- EIN
- 23-2921849
Organization Overview
Berks Gymanastic Team Inc is located in Reading, PA. The organization was established in 1998. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 04/2022, Berks Gymanastic Team Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berks Gymanastic Team 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 04/2022, Berks Gymanastic Team Inc generated $76.5k 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 (12.9%) each year. All expenses for the organization totaled $94.5k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) 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 PROMOTE AMATEUR GYMNASTICS THROUGH TRAINING AND VARIOUS COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BERKS GYMNASTIC TEAM INC. SUPPORTS TRAINING AND COMPETITION OF AMATEUR WOMEN'S GYMNASTICS AND ATHLETICS AT VARIOUS LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Butcher Vice President | OfficerTrustee | 1 | $0 |
Vikki Smith President | OfficerTrustee | 1 | $0 |
Kim Watts Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Gentile Secretary | OfficerTrustee | 1 | $0 |
Wendy Fiorentino Director | Trustee | 1 | $0 |
Rich Fiorentino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,440 |
| 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 | $18,440 |
| Total Program Service Revenue | $19,871 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,516 |
| 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 | $16,950 |
| Pension plan accruals and contributions | $432 |
| Other employee benefits | $0 |
| Payroll taxes | $1,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,475 |
| 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 | $343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $234 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865 |
| Insurance | $0 |
| All other expenses | $1,146 |
| Total functional expenses | $94,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593 |
| Savings and temporary cash investments | $8,605 |
| 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 | $105 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,600 |
| Accounts payable and accrued expenses | $200 |
| 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 | $200 |
| Net assets without donor restrictions | $10,400 |
| 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 | $10,600 |
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|---|---|---|
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American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Rrft Enterprise Eden, MD | $205,621 | $1,786,001 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
National Collegiate Rugby Organization Inc Wilmington, DE | $82,012 | $1,426,053 |
West Virginia Golf Association Charleston, WV | $499,772 | $1,388,651 |
Columbus Marathon Columbus, OH | $235,659 | $1,100,044 |
Maryland State Golf Association Lutherville, MD | $1,206,835 | $1,229,130 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |