International Gymnast Hall Of Fame
- Assets
- $242.5k
- Revenue
- $17.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 08/1991
- Data as of
- 12/2019
- EIN
- 33-0181169
Organization Overview
International Gymnast Hall Of Fame is located in Norman, OK. The organization was established in 1991. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Gymnast Hall Of Fame 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 12/2019, International Gymnast Hall Of Fame generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $20.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL & CULTURAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GYMNASTICS HALL OF FAME FACILITY, OPEN TO THE GENERAL PUBLIC. WE CURRENTLY USE A TEMPORARY LOCATION AT THE SCIENCE MUSEUM OF OKLAHOMA AS OUR FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Ziert CEO | Officer | 2 | $0 |
Bart Conner President | Officer | 2 | $0 |
Ben Fox Cfo/treasurer | Officer | 2 | $0 |
John Arends Board Member | Trustee | 1 | $0 |
John Deary Board Member | Trustee | 1 | $0 |
Michael Wilson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,000 |
| Fundraising events | $15,975 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,124 |
| Total Program Service Revenue | $0 |
| Investment income | $2,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,204 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,212 |
| All other expenses | $1,188 |
| Total functional expenses | $20,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120 |
| Savings and temporary cash investments | $0 |
| 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 | $3,114 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $52,296 |
| Intangible assets | $0 |
| Other assets | $142,603 |
| Total assets | $242,508 |
| Accounts payable and accrued expenses | $36,523 |
| 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 | $26,511 |
| Other liabilities | $0 |
| Total liabilities | $63,034 |
| 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 | $179,474 |
| Total liabilities and net assets/fund balances | $242,508 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Gymnast Hall Of Fame has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Tredway Family Foundation Edmond, OK PURPOSE: CHARITABLE GIFT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |