Hills Angels Gymnastic Team Incorporated
- Assets
- $315.6k
- Revenue
- $224.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 11/1982
- Data as of
- 06/2022
- EIN
- 52-1266619
Organization Overview
Hills Angels Gymnastic Team Incorporated is located in Gaithersburg, MD. The organization was established in 1982. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hills Angels Gymnastic Team Incorporated 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 06/2022, Hills Angels Gymnastic Team Incorporated generated $224.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $234.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
PROMOTION OF INTERNATIONAL WOMEN'S ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVERED ALL MEET EXPENSES, INCLUDING THOSE FOR GYMNASTS AND COACHES FOR TRAVEL, LODGING AND MEALS--APPROXIMATELY 125 GYMNASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shay Thomson President | OfficerTrustee | 2 | $0 |
Candace Smith Vice President | OfficerTrustee | 1 | $0 |
Latoya Thomas Secretary | OfficerTrustee | 1 | $0 |
Kecia Dicello Co-Treasurer | OfficerTrustee | 2 | $0 |
Marylyn Brennan Co-Treasurer | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $187,088 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,271 |
| 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 | $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 | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,213 |
| 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 | $47,939 |
| Total functional expenses | $234,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,400 |
| Savings and temporary cash investments | $40,218 |
| 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 | $315,618 |
| 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 | $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 | $315,618 |
| Total liabilities and net assets/fund balances | $315,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hills Angels Gymnastic Team Incorporated has recieved totaling $233.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkette National Gymnastic Team Inc Allentown, PA | $2,066,522 | $2,115,646 |
Washington Area Bicyclist Association Washington, DC | $1,536,882 | $2,018,173 |
League Of American Wheelmen Inc Washington, DC | $975,711 | $2,131,153 |
Penn Athletic Club Rowing Association Philadelphia, PA | $436,321 | $176,117 |
Hills Angels Gymnastic Team Incorporated Gaithersburg, MD | $315,618 | $224,271 |
Rebounders Parents Association Timonium, MD | $49,475 | $184,791 |
Blue Mountain Quarter Midget Assoc Inc Cherryville, PA | $44,949 | $0 |
Kangaroo Kids Inc Simpsonville, MD | $114,894 | $0 |
South Erie Turnverein Erie, PA | $581,084 | $141,900 |
Road Runners Club Of America Newport News, VA | $35,765 | $0 |
Cardinal Parents Association Fairfax, VA | $26,861 | $0 |
Road Runners Of America Baltimore, MD | $178,872 | $0 |