American Gold Gymnastics
- Assets
- $2.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 114
- Location
- Fargo, ND
- Founding
- 03/1976
- Data as of
- 05/2023
- EIN
- 45-0333196
Organization Overview
American Gold Gymnastics is located in Fargo, ND. The organization was established in 1976. As of 05/2023, American Gold Gymnastics employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Gold Gymnastics 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 05/2023, American Gold Gymnastics generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $2.3m during the year ending 05/2023. While expenses have increased by 8.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
TEACH APPROXIMATELY 1300 CHILDREN AGES 3 MONTHS TO 18 YEARS THE FUNDAMENTALS OF GYMNASTICS. TEAM MEMBERS COMPETE AND PERFORM THROUGHOUT THE USA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND TEACH CHILDREN TO BELIEVE IN THEMSELVES THROUGH QUALITY GYMNASTICS INSTRUCTION. THE RECREATIONAL PROGRAM OFFERS GYMNASTICS INSTRUCTION TO GIRLS AND BOYS FROM 18 MONTHS TO 18 YEARS OLD. ALL LEVELS ARE TAUGHT FROM BEGINNER THROUGH ADVANCED ON TUMBLING, BALANCE BEAM, UNEVEN BARS, MINI-TRAMP AND TRAMPOLINE. OVER SIXTY CLASSES ARE OFFERED SIX DAYS A WEEK; MORNING, AFTERNOONS AND EVENINGS. THE RECREATIONAL COACHES SHARE THE COMMON BOND OF THE LOVE OF GYMNASTICS AND A DESIRE TO HELP STUDENTS LEARN AND ACHIEVE THEIR GOALS. THE AGG COMPETITIVE PROGRAMS OPERATE FOLLOWING THE GUIDELINES SET FORTH BY USA GYMNASTICS, THE NATIONAL GOVERNING BODY OF THE SPORT OF GYMNASTICS IN THE UNITED STATES. OUR TEAMS AND TRAINING GROUPS OFFER A VARIETY OF OPTIONS FOR BOTH GIRLS AND BOYS AT VARIOUS LEVELS.THE FM ACRO TEAM IS A GROUP OF SPIRITED, ATHLETIC GYMNASTS WHO SPECIALIZE IN ENTERTAINING CROWDS THROUGHOUT THE UNITED STATES WITH THEIR PRECISION TUMBLING AND MINI-TRAMPING. "ACRO", SHORT FOR "ACROBATIC", THE FM ACRO TEAM HAS A TRADITION OF EXCELLENCE THAT SPANS OVER A QUARTER OF A CENTURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Erstad President | OfficerTrustee | 0.1 | $0 |
Brenda Giere Vice President | OfficerTrustee | 0.1 | $0 |
Caitlin Hoff Secretary | OfficerTrustee | 0.1 | $0 |
Jodi Johnson Treasurer | OfficerTrustee | 0.1 | $0 |
Joshua Rude Director | Trustee | 0.1 | $0 |
Heather Collins Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,088 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,304 |
| Total Program Service Revenue | $1,912,188 |
| Investment income | $5,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,788 |
| Net Income from Fundraising Events | $29,998 |
| Net Income from Gaming Activities | $151,292 |
| Net Income from Sales of Inventory | $25,598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,687,359 |
| 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. | $142,910 |
| Compensation of current officers, directors, key employees. | $124,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,057,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,709 |
| Payroll taxes | $90,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $2,994 |
| Office expenses | $157,141 |
| Information technology | $1,292 |
| Royalties | $0 |
| Occupancy | $62,865 |
| Travel | $260,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,688 |
| Interest | $1,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,463 |
| Insurance | $51,514 |
| All other expenses | $65,138 |
| Total functional expenses | $2,297,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,144,866 |
| Pledges and grants receivable | $10,443 |
| Accounts receivable, net | $79,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,658 |
| Prepaid expenses and deferred charges | $14,290 |
| Net Land, buildings, and equipment | $544,551 |
| Investments—publicly traded securities | $298,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $471,420 |
| Total assets | $2,602,871 |
| Accounts payable and accrued expenses | $74,929 |
| Grants payable | $0 |
| Deferred revenue | $164,533 |
| 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 | $19,340 |
| Other liabilities | $105,007 |
| Total liabilities | $363,809 |
| Net assets without donor restrictions | $2,239,062 |
| 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 | $2,602,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Road Runners Club Of America St Paul, MN | $5,628,504 | $5,228,043 |
Adventure Cycling Association Missoula, MT | $5,346,093 | $5,926,034 |
American Gold Gymnastics Fargo, ND | $2,602,871 | $2,687,359 |
Northshore Gymnastic Assn Maple Plain, MN | $1,016,234 | $1,756,465 |
Three Rivers Gymnastics Wahpeton, ND | $684,156 | $490,157 |
Jamestown Gymnastics Club Jamestown, ND | $1,054,801 | $370,774 |
Lancer Youth Hockey Association Lacrescent, MN | $533,804 | $204,979 |
Valley Twisters Gymnastics Club Inc Valley City, ND | $188,087 | $0 |
Albert Lea Amateur Hockey Association Albert Lea, MN | $304,692 | $209,378 |
Road Runners Club Of America Bozeman, MT | $85,428 | $0 |