Biles World Champions Gymnastics Foundation
- Assets
- $95.3k
- Revenue
- $227.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 04/2015
- Data as of
- 07/2021
- EIN
- 47-2090300
Organization Overview
Biles World Champions Gymnastics Foundation is located in Spring, TX. The organization was established in 2015. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Biles World Champions Gymnastics Foundation 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 07/2021, Biles World Champions Gymnastics Foundation generated $227.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $235.1k during the year ending 07/2021. While expenses have increased by 47.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED ASSISTANCE TO GYMNASTICS TEAM ATHLETES AT VARIOUS LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ASSISTANCE TO APPROXIMATELY 130 BOYS AND GIRLS GYMNASTICS, TNT, EXCEL AND BOYS GYMNASTICS TEAM ATHLETES AT VARIOUS LEVELS. ALL TEAM ATHLETES RECEIVED ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Chiles Vice President | Officer | 0 | $0 |
Amy Kirkegaard Treasurer | Officer | 0 | $0 |
Terricka Cromarte President | Officer | 0 | $0 |
Amy Losee Secretary | Officer | 0 | $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 | $43 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43 |
| Total Program Service Revenue | $218,843 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,688 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,574 |
| 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 | $395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,158 |
| Advertising and promotion | $0 |
| Office expenses | $359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,577 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,309 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,309 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $95,309 |
| 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 | $95,309 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biles World Champions Gymnastics Foundation has recieved totaling $179.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hunt Family Foundation El Paso, TX | $209,998 | $8,850,500 |
Fields & Futures Foundation Edmond, OK | $7,089,979 | $3,122,717 |
Fred And Mabel R Parks Foundation Sugar Land, TX | $40,658,394 | $6,321,211 |
Ray C Fish Foundation Houston, TX | $19,704,977 | $3,385,819 |
Central Athletic Foundation Greenwell Springs, LA | $1,959,476 | $1,183,542 |
Central Austin Hockey Association Austin, TX | $51,155 | $326,304 |
Archers Usa Foundation Alma, AR | $3,557 | $344,427 |
Boswell Athletic Booster Club Fort Worth, TX | $192,970 | $338,620 |
Diamond Sports Association Inc San Antonio, TX | $128,577 | $302,415 |
Albuquerque Baseball Acedemy Touch Em All Foundation Albuquerque, NM | $1,166,650 | $463,239 |
Jonesboro City Stars Booster Club Jonesboro, AR | $71,116 | $296,938 |
Biles World Champions Gymnastics Foundation Spring, TX | $95,309 | $227,574 |