Gyro International
- Assets
- $257.4k
- Revenue
- $78.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Painesville, OH
- Founding
- 07/1945
- Data as of
- 04/2023
- EIN
- 34-0269325
Organization Overview
Gyro International is located in Painesville, OH. The organization was established in 1945. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 04/2023, Gyro International employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gyro International is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2023, Gyro International generated $78.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $72.3k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GYRO IS A SOCIAL ORGANIZATION OF ABOUT 1702 MEMBERS IN ABOUT 69 CLUBS THROUGHOUT THE UNITED STATES AND CANADA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Johnson Secretarytreasurer | Officer | 10 | $0 |
Gloria Kostelnik Membership Secretary | Officer | 16 | $0 |
Shelia Kucera Office Manager | Officer | 16 | $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 | $1,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,900 |
| Total Program Service Revenue | $74,734 |
| Investment income | $46 |
| 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 | $1,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,271 |
| 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 | $30,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $975 |
| 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 | $11,723 |
| Information technology | $288 |
| Royalties | $0 |
| Occupancy | $12,041 |
| Travel | $570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,400 |
| Insurance | $6,296 |
| All other expenses | $1,912 |
| Total functional expenses | $72,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,767 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,771 |
| Investments—publicly traded securities | $58,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,438 |
| Accounts payable and accrued expenses | $2,173 |
| 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 | $78,436 |
| Total liabilities | $80,609 |
| Net assets without donor restrictions | $176,829 |
| 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 | $257,438 |