Gymnastics Inc
- Assets
- $2.2m
- Revenue
- $528.9k
- Investments
- $0.0
- Employees
- 33
- Location
- Minot, ND
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 45-0419443
Organization Overview
Gymnastics Inc is located in Minot, ND. The organization was established in 1992. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Gymnastics Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2023, Gymnastics Inc generated $528.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $431.6k during the year ending 06/2023. While expenses have increased by 3.2% 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
GYMNASTICS EDUCATION & FITNESS PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVERAL GYMNASTIC TRAINING SESSIONS PROVIDED THROUGHOUT THE YEAR TO THE GENERAL PUBLIC, APPROXIMATELY 500 CHILDREN PARTICIPATE IN CLASSES DURING ANY GIVEN SESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alissa Mack Treasurer | Officer | 2 | $0 |
Kari Halverson Secretary | Officer | 4 | $0 |
Lolly Gorze President | Officer | 2 | $0 |
Dana Lizotte Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,285 |
| Total Program Service Revenue | $435,916 |
| Investment income | $253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $71,801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $776 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $528,927 |
| 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. | $60,120 |
| Compensation of current officers, directors, key employees. | $60,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,876 |
| Office expenses | $11,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,668 |
| Insurance | $17,003 |
| All other expenses | $3,543 |
| Total functional expenses | $431,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,203 |
| Savings and temporary cash investments | $71,667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,070,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,167,051 |
| Accounts payable and accrued expenses | $9,495 |
| 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 | $1,338,516 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,348,011 |
| 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 | $819,040 |
| Total liabilities and net assets/fund balances | $2,167,051 |