Tri-Star Gymnastics Inc
- Assets
- $242.5k
- Revenue
- $618.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Park, IL
- Founding
- 01/1981
- Data as of
- 08/2022
- EIN
- 36-3100519
Organization Overview
Tri-Star Gymnastics Inc is located in Forest Park, IL. The organization was established in 1981. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Star Gymnastics 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 08/2022, Tri-Star Gymnastics Inc generated $618.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $596.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL GYMNASTICS INSTRUCTION FOR CHILDREN AGES 2-18, AS WELL AS COMPETITIVE GYMNASTICS TRANING AND OPPORTUNITIES FOR MODERATE INCOME FAMILIES IN CHICAGO AND THE CHICAGO METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GYMNASTICS INSTRUCTION TO STUDENTS AGES 4-18; COACH USAG TEAMS FOR COMPETITION; HOST LOCAL MEETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Wright President | OfficerTrustee | 0 | $0 |
Lynn Allen Secretary | Trustee | 30 | $0 |
Kiona Allen Board Member | Trustee | 15 | $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 | $102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102 |
| Total Program Service Revenue | $587,399 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,836 |
| Net Income from Fundraising Events | $4,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,302 |
| 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. | $209,312 |
| 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 | $86,289 |
| 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 | $15,788 |
| Advertising and promotion | $295 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,480 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $25,161 |
| All other expenses | $26,821 |
| Total functional expenses | $596,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,550 |
| Prepaid expenses and deferred charges | $9,954 |
| Net Land, buildings, and equipment | $88,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,589 |
| Total assets | $242,493 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $13,447 |
| 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 | $79,600 |
| Other liabilities | $18,025 |
| Total liabilities | $111,072 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $106,340 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,081 |
| Total liabilities and net assets/fund balances | $242,493 |