Lakes Area Gymnastics Booster Club
- Assets
- $3.6m
- Revenue
- $315.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Perham, MN
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 57-1188855
Organization Overview
Lakes Area Gymnastics Booster Club is located in Perham, MN. The organization was established in 2005. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Area Gymnastics Booster Club 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 12/2021, Lakes Area Gymnastics Booster Club generated $315.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.9% each year . All expenses for the organization totaled $153.1k during the year ending 12/2021. While expenses have increased by 39.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT - SUPPORT GYMNASTICS ACTIVITIES FOR HIGH SCHOOL COMPETITIVE USAG AND RECREATIONAL STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Olsen Vice President | 0 | $0 | |
Joe Foltz President | 1 | $0 | |
Shawn Mcallister Secretary | 0 | $0 | |
Rebecca Scraper Treasurer | 1 | $0 | |
Amanda Teberg Director | 0 | $0 | |
Larry Myers Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,200 |
| Interest on Savings | $26 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148,016 |
| Total Revenue | $315,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $57,890 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $74 |
| Printing and publications | $0 |
| Other expenses | $83,600 |
| Total operating and administrative expenses | $143,064 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $153,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,997 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,530,339 |
| Other assets | $0 |
| Total assets | $3,566,336 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,718,494 |
| Other liabilities | $0 |
| Total liabilities | $1,718,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manitou Council Inc Sheboygan, WI | $6,152,575 | $1,986,036 |
Josiah Whites Quakerdale Foundation New Providence, IA | $22,959,200 | $1,075,930 |
Orphans Joy Inc Minneapolis, MN | $95,406 | $402,244 |
Caritas For Children Inc Milwaukee, WI | $234,512 | $528,292 |
Minnesota Camp Fire Foundation Excelsior, MN | $6,404,984 | $35,680 |
Lakes Area Gymnastics Booster Club Perham, MN | $3,566,336 | $315,544 |
Realtors For Kids Inc Spearfish, SD | $81,546 | $0 |
Laird Youth Leadership Foundation Inc River Falls, WI | $918,448 | $100,625 |
Optimist International Brookings, SD | $48,764 | $0 |
South Dakota Youth Foundation Inc Brookings, SD | $220,242 | $91,159 |
Oshkosh Kids Foundation Inc Oshkosh, WI | $785,977 | $803,184 |
Maquoketa Youth Trap Club Inc Baldwin, IA | $14,435 | $65,240 |