Richmond Olympiad Gymnastics Club Inc
- Assets
- $48.1k
- Revenue
- $490.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Richmond, VA
- Founding
- 01/1979
- Data as of
- 06/2023
- EIN
- 54-1066544
Organization Overview
Richmond Olympiad Gymnastics Club Inc is located in Richmond, VA. The organization was established in 1979. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Richmond Olympiad Gymnastics Club Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Olympiad Gymnastics Club 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, Richmond Olympiad Gymnastics Club Inc generated $490.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $451.9k during the year ending 06/2023. While expenses have increased by 0.6% per year over the past 8 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
TO DEVELOP, TEACH, AND TRAIN AMATEUR GYMNASTIC ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB DEVELOPED, TAUGHT, AND TRAINED SEVERAL GYMNASTIC STUDENTS DURING THE FISCAL YEAR. THERE WERE 80 STUDENTS WHO QUALIFIED AND COMPETED IN THE VA STATE CHAMPIONSHIPS. THERE WERE 4 STUDENTS WHO QUALIFIED AND COMPETED IN THE VA REGIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Shaw Treasurer | Trustee | 5 | $5,400 |
Judith Shaw Secretary | Trustee | 12 | $5,400 |
Darryl Mondrey Director | Trustee | 1 | $0 |
Robert Fredette Director | Trustee | 1 | $0 |
Tashia Scott President | Trustee | 1 | $0 |
Jacqueline Wilson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $263,269 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,773 |
| Total Program Service Revenue | $0 |
| 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 | $43,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,529 |
| 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. | $10,800 |
| Compensation of current officers, directors, key employees. | $2,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,800 |
| Pension plan accruals and contributions | $483 |
| Other employee benefits | $11,515 |
| Payroll taxes | $18,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $625 |
| Fees for services: Accounting | $3,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,348 |
| Advertising and promotion | $0 |
| Office expenses | $3,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,200 |
| Travel | $10,885 |
| 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 | $831 |
| Insurance | $9,385 |
| All other expenses | $13,780 |
| Total functional expenses | $451,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,704 |
| 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 | $398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,985 |
| Total assets | $48,087 |
| Accounts payable and accrued expenses | $421 |
| 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 | $421 |
| Net assets without donor restrictions | $47,666 |
| 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 | $48,087 |