Owatonna Gymnastic Club Inc
- Assets
- $191.2k
- Revenue
- $201.8k
- Investments
- $0.0
- Employees
- 24
- Location
- Owatonna, MN
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 23-7432542
Organization Overview
Owatonna Gymnastic Club Inc is located in Owatonna, MN. The organization was established in 2000. 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 06/2022, Owatonna Gymnastic Club Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owatonna Gymnastic 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 06/2022, Owatonna Gymnastic Club Inc generated $201.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $191.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF GYMNASTICS
Describe the Organization's Program Activity:
PROVIDE EDUCATIONAL, RECREATIONAL AND ATHLETIC OPPORTUNITIES AND INSTRUCTION TO APPROXIMATELY 300 CHILDREN TOWARDS THE ADVANCEMENT OF GYMNASTICS, BOTH RECREATIONAL AND COMPETITIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittney Resler Executive Director | 40 | $45,000 | |
Liz Kasper Secretary | OfficerTrustee | 3 | $0 |
Tamora Klemmensen President | OfficerTrustee | 3 | $0 |
Lisa Simon Vice President | OfficerTrustee | 3 | $0 |
Amy Carey Treasurer | OfficerTrustee | 3 | $0 |
Mallorie Brunner Board Member | 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 | $1,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068 |
| Total Program Service Revenue | $173,168 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,809 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,201 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,827 |
| 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. | $40,742 |
| Compensation of current officers, directors, key employees. | $4,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,154 |
| Payroll taxes | $7,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $608 |
| Office expenses | $7,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,583 |
| Travel | $799 |
| 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 | $8,562 |
| Insurance | $13,479 |
| All other expenses | $7,406 |
| Total functional expenses | $191,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,728 |
| Savings and temporary cash investments | $70,714 |
| 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 | $45 |
| Net Land, buildings, and equipment | $22,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,180 |
| Accounts payable and accrued expenses | $1,645 |
| 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 | $1,645 |
| Net assets without donor restrictions | $189,535 |
| 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 | $191,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Owatonna Gymnastic Club Inc has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |