Panama City Gymnastics Club Inc
- Assets
- $91.5k
- Revenue
- $73.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Panama City, FL
- Founding
- 08/1971
- Data as of
- 08/2021
- EIN
- 23-7134967
Organization Overview
Panama City Gymnastics Club Inc is located in Panama City, FL. The organization was established in 1971. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Panama City Gymnastics Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panama City Gymnastics Club 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 08/2021, Panama City Gymnastics Club Inc generated $73.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $97.9k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PANAMA CITY GYM CLUB, INC IS TO ENCOURAGE, INSPIRE AND DEVELOPE GIRLS THROUGH THE SPORT OF GYMNASTICS AND CHEERLEADING. WE STRIVE TO PROVIDE HIGH QUALITY SKILL SETS HELPING EACH GIRL REACH THEIR PHYSICAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TRAINING FOR APPROXIMATELY 150 STUDENTS AGES 1 - 18 PROVIDES MEETS FOR ATHLETIC COMPETITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Chizmar Director | OfficerTrustee | 40 | $19,250 |
Joy Perdue Vice President | Officer | 2 | $0 |
Jennifer Bayba Secretary | Officer | 3 | $0 |
Heather Howell President | Officer | 2 | $0 |
Mona Gilliland Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $407 |
| Fundraising events | $4,904 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,444 |
| Total Program Service Revenue | $48,550 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,994 |
| 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. | $19,250 |
| Compensation of current officers, directors, key employees. | $19,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,620 |
| 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 | $0 |
| Advertising and promotion | $7,595 |
| Office expenses | $35,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,374 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $3,830 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,574 |
| All other expenses | $0 |
| Total functional expenses | $97,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $558 |
| 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 | $80,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,505 |
| 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 | $91,505 |
| 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 | $91,505 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Panama City Gymnastics Club Inc has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imperial Golf Club Inc Naples, FL | $26,468,604 | $8,493,887 |
Atlanta Country Club Inc Marietta, GA | $25,768,489 | $8,068,669 |
Athens Country Club Inc Athens, GA | $21,763,288 | $8,069,383 |
Eastpointe Country Club Inc Palm Beach Gardens, FL | $15,333,372 | $10,673,389 |
Boca Pointe Country Club Inc Boca Raton, FL | $4,094,706 | -$8,050,117 |
San Jose Country Club Jacksonville, FL | $14,259,199 | $9,955,247 |
Shoal Creek Shoal Creek, AL | $12,950,565 | $9,210,708 |
St Ives Country Club Incorporated Duluth, GA | $14,181,586 | $10,696,895 |
Forest Country Club Membership Association Inc Ft Myers, FL | $25,579,455 | $7,217,967 |
Seminole Golf Club Inc Juno Beach, FL | $17,054,540 | $6,702,193 |
St Petersburg Yacht Club Inc St Petersburg, FL | $21,076,545 | $9,658,680 |
Coral Reef Yacht Club Miami, FL | $14,994,662 | $7,183,008 |